Welcome to this week’s JHT Market Update.

Almost all real estate transactions encounter challenges and roadblocks.

Purchasing a new home and selling your current home at the same time, compounds these challenges.

The additional time constraints of another set of buyers and sellers increases the need for patience and perseverance!

Because this process can be complex, as Realtors we are here to help you develop a clear pathway to get this process done.

Two key elements are involved when buying and selling at the same time; pricing your home right and searching for your new home.

Ultimately the goal is to sell your home for the highest possible price as quickly as possible. Talk to your agent about a price that is fair but also encourages buyers interest and enthusiasm.

When searching for another home, your targeted timeline is key.

We recommend being flexible on your requirements, and if you’re waiting on your dream home that has it all then consider your renting options as a back-up plan.

There are many short-term lease options available as a ‘stop-over’ to buy you some extra time to search for your ideal home.

If you’re thinking of putting your home on the market, now is the time. A seller will always negotiate the best deal when demand is high and supply is limited. This is exactly the current situation we are at in today’s market.

To the current market overview of the areas of Fullerton, Cypress & Yorba Linda over the past 7 days shows there are 66 new listings on the market, 54 new contracts and 62 sales.

*Opinions are our own and not the views of eXp Realty.

Sources:
(1) https://www.keepingcurrentmatters.com/2020/10/14/the-1-reason-not-to-wait-to-list-your-house-for-sale/
(2) https://americanlifestylemag.com/real-estate/buying-selling/buying-and-selling-a-home-at-the-same-time/?ts=1602782226683&cb=MTMyNzU3MA==&utm_source=cam