Ok, now we don’t want to scare you – but as our mission is to serve your best interests first as your real estate advisors. In that effort, we speak candidly here and want to alert our local home buyers to these condition changes within our San Diego housing market.
So that being said, here’s our message to all buyers out there: GET OFF THE FENCE!!! Rising mortgage rates are like logs on the fire. Alongside all other factors now in play – trust me, time is the enemy here. Home prices are going to continue to climb, now steadily alongside mortgage rates as well for the foreseeable future – that means as time goes on, buyers will edge closer and closer to their affordability line. Remember, buying versus renting in San Diego is still the better move for most, but NOW IS THE TIME TO BUY!!!! Want to discuss what next move is best for you?
The competition has arrived… inventory numbers are gradually edging back up and those white hot days of selling your home for $10K+ over asking in just 1 day on market are officially over. However, you should rest assured that our housing market can absorb the impact of these rising mortgage rates for some time here – meaning that your home price will not be negatively impacted by this buying factor at this time. Now that’s not going to be the case indefinitely… time is a factor working against sellers here as well. Eventually home prices will start to feel the market affects of these climbing mortgage rates, especially for lower-tier homes. That being said, your best results will be achieved selling your home sooner rather than later here… right now you can still expect your home will sell fast and for top dollar, so long as you plan properly. Your home can be your best financial asset – don’t leave money on the table.. Take the proper steps to get top dollar for your home today!
Having been raised in San Diego, Joseph has a great wealth of knowledge of each community San Diego has to offer. Combined with being extremely hard working, having a great attention to detail, and having the ability to listen Josephs clients receive an elite level of service.
Can it be true?? Ladies and Gentlemen, no fools’ jokes wen
"I found Joseph through Yelp, and despite his excellent rating, I watched him for months with an eagle eye for signs that he was at the end of his rope with my demands or giving less than 100% towards my home search/negotiations/escrow. Well, his dedication never flagged, and he remained professional even when we (ok, just my husband) got grouchy.
Throughout, Joseph was honest about his knowledge of our targeted areas, never over-inflating his opinion, and his advice always came with the deference to our wishes (unless we were about to make a huge mistake!). He is familiar with some pretty diverse pockets of San Diego County, but really made it a point to understand our tastes and needs. He drove me to countless showings, always with an organized plan, and scoured the new listings for us though we did use his helpful on-line search site too. We were implementing a 1031 exchange, so he helped us with projected rental prices, and is following through with his offer to assist in finding renters and maintain the properties (he does some limited property management for his family's company).
I think one of Joseph's best qualities is that he loves what he does. Things that appear as huge roadblocks to the client are enticing challenges for him. Buying or selling, I feel confident in recommending Joseph Arendsen as a person on whom you can rely."