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@MA-id1hr Ай бұрын
Farmers dropped me after 15 years for no reason, and now I have taken from them 11 families and counting. Relatives, and now I am working with people in the church. I hold a grudge. For life. I will make a dent on them, trust me. We went with a small local company. We are all leaving the big guys for good.
@palace927 Ай бұрын
People are now writing an extra contingency of the ability to find home insurance.
@common_c3nts Ай бұрын
That makes no sense as you should have quotes before you make an offer. You would not waste your time making an offer if they are all no quotes or high quotes. I live in Texas and I got insurance quotes before I made offers on my house last year. I used a broker that could get multiple quotes back to me in 10 min. You also dont need another contingency because your mortgage company will cancel the mortgage before closing if you cant prove that you have insurance setup.
@shaybapple Ай бұрын
Insane how much insurance is from one neighborhood the next. I live in a neighborhood in La Mesa that isn't considered a high fire risk and I was pissed Farmers raised my rate for next year to $130 a month. Then I hear about people paying $400 a month two towns over because they are next to a large canyon and the mountains.. my rate doesn't seem so bad.
@genconex 2 ай бұрын
I agree that it will decrease. If I were a betting man, I'd wager on large decrease. People will be holding loans higher than the value of the home.
@amermoiduddin6745 2 ай бұрын
Based
@richardstiles6039 2 ай бұрын
Prices need to drop so homes are affordable; investors need to be out of the market and air bnb & investors need to pay higher costs and taxes -- they are who has caused this unprecedented rise in prices -- lower prices will bring out more buyers --
@IamShakurkadri 2 ай бұрын
Hi, I've watched most of your videos & really enjoyed all of them.
@jaymesondavis947 2 ай бұрын
Great information!
@DJjussi1 2 ай бұрын
First
@slmusic360 3 ай бұрын
Good video - 5% sounds right to me. I’m currently at 6.5% but would seek to refi or trade up for 4.5-5%
@sellyourhousesandiego 2 ай бұрын
Agreed! We started to see some movement as rates approached 6% but they jumped back up very quickly. Sitting at 7.13% as of today...
@DJjussi1 3 ай бұрын
Love this, you should do it monthly with this format
@sellyourhousesandiego 2 ай бұрын
Thank you! Dropping another one today. Let me know what you think!
@agentcrypto7741 4 ай бұрын
“Still a sellers market.” -famous last words backed by no data. -sincerely your typical commission hungry realtor
@sellyourhousesandiego 2 ай бұрын
Thanks for watching! We've definitely seen the market move to favor buyers a bit but there are homes that are still selling in the first weekend - if they are dialed in and priced right - but not nearly what we saw a few years back when everything was flying off the shelves.
@ClintonBarnes1 4 ай бұрын
Inventory issue
@sellyourhousesandiego 2 ай бұрын
Indeed! A little improvement this year compared to last, but still not where we need to be.
@ClintonBarnes1 2 ай бұрын
@ we’ll likely be here for the next 2-3 still. Unique influx of more buyers coming to the market while we await increase in supply. As always, don’t time the market and get in when it makes sense for you.
@richardstiles6039 4 ай бұрын
a bubble is a bubble is a bubble -- monthly payments average are above $5k -- it's all about monthly payments -- and that's for something cheap and not really desirable -- I'm hearing lots of the same things people were saying in 2007/2008 -- everyone says it's different now -- yep it is -- but this is not sustainable - our salaries haven't gone up that much -- i would never buy in this environment -- if prices don't drop - I certainly don't believe they will go up exponentially -- and counting on rates to drop is not a sound decision -- who knows where rates are going to be --
@MrRussianGerman 4 ай бұрын
Bingo…salaries or pay. Broken system. It worked for generations before as. These systems weren’t meant to last thing long before they collapse. “Strength” of the dollar, pensions, social security….etc.
@joemomma707 4 ай бұрын
A crash isn’t happening any time soon. That’s for sure. The major difference between today and 2007 is that they were approving anyone and everyone back in 2007. Today, if you don’t, you don’t get the loan. I’m selling my home, ending up with 325k profit, and that’s after realtor commission. I’m putting 260k down and keeping the rest. My mortgage will still end up being $4,247. I’m well under the 25 and 28 percent rule. This shit is insane. There are people in Cali that will NEVER be able to purchase a home. Never
@sellyourhousesandiego 2 ай бұрын
Yeah, buying now and hoping that rates drop in the future is definitely not a good strategy. Buyers need to be comfortable with their payment right off the bat.
@biplobgolder600 4 ай бұрын
wow❤😮
@jbuggy21 5 ай бұрын
Great analysis. Your market looks a lot like mine up here in Sacramento. My sold-to-list is a little skewed as a lot of homes are hitting the market overpriced...so, sold-to-list is under 100% but median price is up almost 2% last quarter. I'm seeing a lot of homes sit and get price reductions. We're in what I call a "frozen seller's market" (borrowed term). I just listed a move-in ready home about 1.5% below market value to compete with other listings, and we got into contract with a buyer for $20k over list (+3.2%) within 7-days. Location, location, location has become location, condition, price.
@sellyourhousesandiego 5 ай бұрын
It'll be interesting to see what happens over the next few months. Just this week it looks like a handful more properties have been popping up on the market. Still competitive for sure, but like you said, location, condition, and price.
@MDTanbirSEO 5 ай бұрын
Amazing your content
@sellyourhousesandiego 5 ай бұрын
Thanks for tuning in!
@MDTanbirSEO 5 ай бұрын
@@sellyourhousesandiego Welcome. I am a new subscriber to your KZbin channel and I did an audit report for your channel and found some issues that I think should be addressed. I think your KZbin will grow a lot if you solve the problems. I can show you the audit report if you want. Thank you.
@lucristianx 5 ай бұрын
That’s not the same as lower final sale price. They’re still higher than this time last year.
@Impozalla 5 ай бұрын
My neighbor listed his house in La Jolla for $12 million. It was so for $14.5 million due to a bidding war. The market is still hot.
@vicd7350 5 ай бұрын
My neighbor in chula listed at 800 and just sold for 820.
@mexreax4493 5 ай бұрын
Damn that dude that bought is about the get fked so bad. Lmao
@brandenyourmortgageguy 5 ай бұрын
This is great info, thanks
@MagnusMagnus-t5e 5 ай бұрын
There may never be enough supply. And a lot of folks do not want to live in huge apartment complexes.
@josephfinds 5 ай бұрын
Thank you for sharing this. 👏🏽 Good advice. “Don’t bank on interest rates dropping.”
@simonbenfrech7574 6 ай бұрын
Chris and Cassidy helped us find our dream home . Can’t recommend them enough !
@sellyourhousesandiego 6 ай бұрын
Excited for you!! Thanks for the rec!! 😉
@ryanrusco 6 ай бұрын
Nice board 🤙
@sellyourhousesandiego 6 ай бұрын
Thanks! It doesn't get in the water much these days, but it's super fun!
@ryanrusco 7 ай бұрын
Nice vid! I’m prospecting in Mount Hope, any thoughts on the direction of the area in the next 5-10 years? Zip is 92102, but it’s not South Park 😊
@MRS.RM1 7 ай бұрын
Awesome Chris! Thank you 🙏
@sellyourhousesandiego 6 ай бұрын
You got it!
@realTLC 7 ай бұрын
1) Buying in 92117 2) Selling in Hillcrest/Mission Hills 92103
@MRS.RM1 7 ай бұрын
Chris pls make an update on 92114
@sellyourhousesandiego 7 ай бұрын
Here you go! kzbin.info/www/bejne/iWe7qZdojsSBras
@Lincoln018 7 ай бұрын
Amazing Chris! Thanks for listening to your viewers and making great content!! 👏
@sellyourhousesandiego 7 ай бұрын
My pleasure!
@tilda9621 7 ай бұрын
😋 "Promo SM"
@Lincoln018 7 ай бұрын
How's it looking for Crown Pointe?
@sellyourhousesandiego 7 ай бұрын
Here you go! kzbin.info/www/bejne/fH20pH6um6h6jac
@sellyourhousesandiego 7 ай бұрын
Here you go! kzbin.info/www/bejne/fH20pH6um6h6jac
@billligon4005 8 ай бұрын
Selling my condo, to my neighbor, no mortgage, negotiated seller paying all closing costs. What, if any are my costs?
@sellyourhousesandiego 8 ай бұрын
Hey Bill! Cassidy sent you a reply to your email. Just following up to make sure you got it@!
@sellyourhousesandiego 8 ай бұрын
What are you guys seeing out there?
@Rakibahamme0 8 ай бұрын
good video
@sellyourhousesandiego 8 ай бұрын
Glad you enjoyed 👍
@johnmalmgren4604 10 ай бұрын
Enjoy your channel, very informative. How about some info on, when paying cash for a house.
@sellyourhousesandiego 9 ай бұрын
Great suggestion! Anything specific?
@biplobgolder600 10 ай бұрын
wow🥰🥰🥰
@sellyourhousesandiego 9 ай бұрын
😀😀
@channelsold3236 10 ай бұрын
this is ultra incredible!!! that means that the real estate market is no longer location, location it's now above asking price !!! 8%- 15% that means your new neighbors will love you since there home value has now increased as well super game changer in real estate forever 2024 💸 💰 🤑 🏡 🏠
@sellyourhousesandiego 10 ай бұрын
Location is still super important - i.e. is it near a main road or freeway. Even right now in SD about 23% of the homes on the market have had a price reduction. The homes that are priced properly and prepped for the market seem to sell the quickest for the most money.
@drewrowe 11 ай бұрын
mans casually said a 1.2 million dollar home is entry level .... entry level for who!? the average salary in SD is under 100k. locals cant afford this
@sellyourhousesandiego 11 ай бұрын
Yeah, the prices really accelerated over the past few year. Avg price for single family home right now is closer to $1.3M when it was about $860K in Jan of 2020.
@drewrowe 11 ай бұрын
@@sellyourhousesandiego do you think that sustainable or even logical for that much of an increase in 4yrs ?
@sellyourhousesandiego 11 ай бұрын
@@drewrowe Since interest rates have started to rise the frenzy of the market has slowed down a bit, but we just had a colleague sell a starter home in Carlsbad (original price $1.15M, sold $1.25M) with 12 offers. But sustainable - I don't believe we can see another 50% rise in the avg. sales price of homes here in San Diego over the next 4 year, but who knows. As of recently though the main thing driving prices up is lack of homes for sale. Until we see a significant change in that, prices will likely continue to rise at a faster clip than usual.
@bicycleseatthoughts4405 11 ай бұрын
Who tf would buy in California?
@sellyourhousesandiego 10 ай бұрын
All else aside - it is beautiful!
@OrlaSanDiego Жыл бұрын
I am getting my RE license. I’d like to know about the 92120 area of Del Cerro /San Carlos. Nice video, like your presentation. I’m just amazed at the generally low inventory even a tiny bump in available homes is notable. Thanks.
@sellyourhousesandiego 11 ай бұрын
Got it! We'll try to get an 92120 update in the mix for a future vid. Good luck with the exam!
@joeselkey4404 Жыл бұрын
So, you’re NOT moving? Is that the change? A little unclear how you phrased it at the end.
@sellyourhousesandiego Жыл бұрын
Not moving in 2024. Sorry for the confusion. Was trying to convey that I was planning on moving in 2034 (i.e. I Would Buy and Sell in 2024) but our situation has changed, uncorrelated to market conditions. Thanks for watching and the feedback!
@yongsann Жыл бұрын
Watched the entire vid, re-watched because I thought I missed it, but nope.. did not hear your thoughts/recommendations on whether it's a good time to buy or sell in SD.. lol
@sellyourhousesandiego Жыл бұрын
My original plan was to buy and sell in 2024, but we have had to reassess due to our financial situation changing, not necessarily what will be happening in the real estate market in 2024.
@skiplauderbaugh5058 Жыл бұрын
13 minutes of video and you talked all around it, but never answered the question “ Would I buy or sell a house right now in San Diego ?”…….
@judithsmith9582 Жыл бұрын
Exactly. A lot of blather and no content.
@sellyourhousesandiego Жыл бұрын
Simple answer...yes. My original plan was to sell our current home at the beginning of 2024 and purchase another home towards the end of 2024. But our plans have changed. Not due to market conditions or anything happening in the real estate space, but our situation has changed.
@sellyourhousesandiego Жыл бұрын
Thinking of making the move in 2024?
@alistershirazi Жыл бұрын
Nice video 💪 I’m in San Diego and am doing podcasts with people in the biz. Lmk if you would be down to collab!
@sellyourhousesandiego Жыл бұрын
Thank you! Definitely interested. Can you shoot me an email - [email protected]
@chrischoir3594 Жыл бұрын
They are trying to prop up real estate values so they can get more tax revenue
@sellyourhousesandiego Жыл бұрын
If certain cities do adopt it it'll definitely generate some more revenue. Questions is - will home owners sell their ADU's?
@chrischoir3594 Жыл бұрын
@@sellyourhousesandiego if they sell them they will have to pay Capital gains
@star_platinum2821 Жыл бұрын
will the person who buys the ADU own the land or just the ADU
@sellyourhousesandiego Жыл бұрын
The way I understand it is that it'll be like a condo setup. When you purchase a condo you own the unit itself and what is known as “interest” that you share with all the other owners in the “common areas” of the condominium. More details to follow...
@SpencerHeckwolf Жыл бұрын
The way you get more affordable housing is by building lots of homes.
@sellyourhousesandiego 10 ай бұрын
That would be ideal. Unfortunately a lot of San Diego is built out and/or cities are too restrictive on new builds.