What's Stopping You from Downsizing?

San Diego CA Real Estate Podcast with Carlos Gutierrez

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Today, we're going to talk about buyers whose kids have left the home.These buyers are looking to downsize, but our current market makes it difficult for them to do so.

Unfortunately, even though there are more homes on the market than there were earlier this year, people have been dropping out of the market since school started. That means there are fewer buyers and sellers in today's market, so in many price points, we still don't have enough homes for sale for the buyers out there.

One big reason for the low inventory is many sellers don't have their next property purchased. They can't move into their next home, so they are hesitant to sell their current one.

With that said, if you're looking to get into your single-level dream retirement home with a smaller yard, there are two things for you to keep in mind:

1. Don't make any improvements to your existing home if it doesn't raise the price of your home. We can help you determine which improvements will be most beneficial to you. My job is to help you save money and make money on your home sale.
2. Expand your search. Some agents, including myself, have lists of homes that are not on the market yet. These homeowners are open to the right offer, but they don't want to go through the hassle of getting the property on the MLS.

If you have any questions, please do not hesitate to give me a call or send me an email. I would be happy to help you!