1889 Bacon St Suite# 12
San Diego, CA 92107
CA DRE# 01301301
CA DRE# 01862028
As we are nearing the end of the spring real estate market, the environment is positive for buyers and sellers. Due to the recent drop in the U.S. 10 Year Treasury, mortgage interest rates have dipped again in the last few weeks. The rates are hovering around 4% and possibly even lower in some loan scenarios. Of course, lower rates means it's less expensive to borrow money and it increases buying power while saving clients money over the life of the loan. There are many buyers actively looking for a home which is great news for sellers. There is also a steady amount of homes coming on the market. Home prices are still very strong, but with more choices for home buyers, homes that are priced too high are not selling. Desirable homes priced correctly are still selling relatively quickly within the first few weeks of being on the market. The drop in interest rates is having a favorable impact on the real estate market!
"If you are serious about selling or buying a home, you need professionals to guide you through the process because homes are investments, and investments are all about the bottom-line. My husband and I have lived in the Ocean Beach/Point Loma area for nearly 30 years, but it was time for a change and we recently started looking for a new dream home in a different area of San Diego County. If you haven’t dabbled in real estate lately, you may have forgotten what an emotional roller coaster selling your home can be. Fortunately, we hired Layne and Rachel Harrison of Ocean Living Realty. They helped us sell our Ocean Beach home (over list price) and guided us through the purchase (below list price) of our dream home in the community of Mt. Helix. What a ride! Ours was a complex listing and purchase due to a contingency sell. Suffice to say, Layne and Rachel had our best interests at each step, helping us understand the demands of selling our property, getting us the help we needed at every turn (great marketing, painters, electricians, inspectors, movers, cleaners) and making sure that we were being taken care of every step of the way (escrow was a breeze) as we moved into our new home. We highly recommend Layne and Rachel for anyone wanting a first class, realty power-team that will protect your interests and get you the best deal. They know real estate! Ocean Living Realty — the very best."
~Robert and Gail B.
The real estate market is strong as we enter into the spring buying and selling season. Mortgage interest rates are lower than they have been in the last 6 months. This is great news for buyers as they will be able to afford more and great news for sellers because there are more buyers looking for homes. There are also more homes coming on the market as we are getting into the spring season. Homes that are overpriced are sitting on the market, however, home prices are still strong and desirable homes priced correctly are selling relatively quickly. All these factors combined results in a good environment for buyers and sellers.
Contact Layne & Rachel Harrison in San Diego, CA today for more information (619) 861-5263.