Before you buy a home In Santa Barbara…read this.
June means summer in beautiful Santa Barbara, California. There is so much happening with Father’s Day, graduations, weddings, and summer celebrations that it can be hard to think about buying a home in Santa Barbara or selling a home in Santa Barbara. June is usually one of the busier months to list luxury houses for sale, but that doesn’t mean you can’t be successful at selling your home all summer long. Here are some thoughts about the summer realty market in Santa Barbara:
- The Housing Market: You probably know that the housing market is in recovery, but you should ask yourself how long this recovery can last. While home prices may still be appreciating, it is difficult to say with any degree of certainty whether this trend will continue and, if so, for how long. If you are thinking about selling a home in Santa Barbara, this may be the optimal time to lock in these increases before the market changes again.
- Interest Rates: Interest and mortgage rates have remained low for a very long time, but there are some indicators that this may be changing. If you want to buy a home in Santa Barbara, this might be the time to move forward before interest rates begin to inch up again. If you wait until there is some definite movement by the Federal Reserve, you might run into competition as other buyers scramble to lock in deals before the rate increase takes effect.
- Jobs: Employment rates finally appear to be improving as well, and this is good news for the local economy. Home sellers won’t have to worry about selling their homes at bargain basement prices, and home buyers can buy with confidence.
- The Paperwork: You might be thinking that you want to wait a little longer to see if the market really picks up more in the fall, but there is a problem with doing something when everybody else is doing it. We all know how much paperwork is involved in the process of buying or selling a home, and getting a mortgage. If you wait too long the banks, lawyers and others involved in the process may be inundated and may not be able to take care of your needs in a timely manner.
If you need house staging tips or are interested in Santa Barbara or Montecito homes for sale, contact our Coldwell Banker real estate office today and let us make the whole process easy and stress-free.
About Barbara Reaume – Realtor Barbara Reaume helps clients sell or buy a home in Santa Barbara, assists with Santa Barbara relocation needs, and provides insights on purchasing land as an investment. Visit the website at https://www.barbarareaume.com for more information on how to find a good real estate agent. “Like” the Facebook page for insights from Montecito realtors. Call 805-610-5403 for home buying tips or to request a quick quote.