If You’re Buying a Home in San Diego This June
June is a popular month for homebuyers, especially for families with children who want to move between school years. San Diego’s real estate market heats up during this time, with more buyers actively searching for homes. This means you’ll likely face more competition. However, there’s a silver lining: more sellers tend to list their homes now, giving you more options to choose from.
According to Bankrate, late spring and early summer are the busiest and most competitive times in the real estate market.
“Late spring and early summer are the busiest and most competitive time of year for the real estate market. There’s usually more inventory listed for sale than other times of year . . . This is a double-edged sword for a buyer, as you will be met with more opportunities but [also] much more competition.”
In this bustling market, working with a trusted real estate agent is crucial. Your agent can help you stay on top of the latest listings, provide expert advice on making strong offers, and ensure you understand the true value of the homes you’re considering. As Forbes highlights:
“Approaching the market confidently, armed with good information and grounded expectations will take you far. Don’t let the hustle of the market convince you to buy something that’s not in your budget, or not right for your lifestyle.”
Selling Your Home This June in San Diego
If you’re considering selling your home in San Diego this June, you’re in a prime position. The summer season attracts a higher number of motivated buyers, many eager to move before the new school year begins. These buyers are often willing to put in strong offers to ensure their plans stay on track. As a result, if your home is well-presented and priced at market value, you may experience a faster sale or even receive a higher price.
San Diego’s appeal, with its beautiful weather and excellent schools, makes it a hotspot for homebuyers during this time. According to the National Association of Realtors (NAR), warmer weather and the end of the school year spur more people to buy and sell. This creates increased competition among buyers, driving up home prices.
“Warmer weather and the end of the school year encourage more people to buy and sell, respectively. Buyers are looking to move and settle before the new school year begins, contributing to increased competition and, consequently, higher prices.”
Having a great real estate agent is crucial during this busy season of June. They can help navigate offer contingencies and handle negotiations to secure the best deal for you. Discussing closing dates with your agent is essential, as buyers may need to adjust based on their timelines. For instance, buyers with school-aged children might need to delay closing until the end of the current school year or may seek a quicker move-in date if they’re purchasing later in the summer. As U.S. News Real Estate explains:
“ . . if your house goes under contract in early summer, the buyer may ask for a delay in closing or move-in until the school year finishes or their current home has sold. Alternatively, a buyer later in summer may be looking to close quickly and move in under a month. Remain flexible to keep the deal running smoothly, and your buyer may be willing to throw in concessions, like covering some of your closing costs or overlooking the old roof.”
Flexibility is key to keeping the sale process smooth. By being adaptable, you can accommodate buyer needs and potentially receive concessions in return, such as covering some closing costs or overlooking minor home repairs. Selling your home in San Diego this June presents a fantastic opportunity. With the right preparation and a skilled agent, you can take full advantage of our market and secure a favorable sale.
Bottom Line
Are you thinking about those June Home Sales and making a move in San Diego? Let’s chat so you can be fully prepared for what to expect. We’ll create a plan tailored to your needs, considering the current market conditions and trends specific to San Diego. With its beautiful weather, diverse neighborhoods, and vibrant culture, San Diego is a fantastic place to buy or sell a home. We’ll ensure the process is smooth and fits your unique situation. Reach out to our team, the McT Real Estate Group, today, and let’s make your real estate goals a reality!