NEW! Realtor Interview Series – San Diego Housing Predictions…with Mavrix Real Estate
This is the first Q&A Interview in our San Diego Realtor Interview Series! We hope this information sparks connections between realtors in our community and provides buyers and sellers with valuable housing market insights in the areas we serve.
Question: What do you think the San Diego area housing market will look like in through the remainder of 2013?
Answer: It is always hard to predict Real Estate. The market can suddenly change, and having a knowledgable Realtor to guide you through those changes is imperative. 2013 seems to be a seller’s market. With such a low inventory of houses for sale, multiple offers and bidding above asking price is a common occurrence. If you’re a buyer, make sure you have all your ducks in a row before you start looking for a home. Yes, interest rates are low, but you must have a pre-approval letter from a reputable lender or cash ready to close. For sellers, now couldn’t be a better time to sell. Prices are on the rise, and buyers are fighting tooth and nail to get an offer accepted. If you haven’t thought about selling in a few years because of the “low market values” you might want to reconsider in 2013.
Question: What are the latest real estate technologies or technology trends?
Answer: Buyers and sellers are becoming much more savvy with technology and Real Estate agents better keep up. Most information that was once only available to Realtors is now all over the internet for anyone to see. When clients starting looking at homes with you, they may have already seen hundreds of homes online and are much more educated than before. With all that being said, Realtors must be on top of their game. Clients want an immediate response to their inquires and we must give them that. Using tools such as a wireless tablet to prepare an offer while previewing a home, or an iPhone to Facetime with an overseas client so they can see the home you’re previewing for them is imperative nowadays. At our office, all of our files are stored on a cloud and easily accessible from anywhere. This is also true for our sales tools, everything is accessible on the go. This saves our agents and clients much needed time.
Question: Can you talk a little about the foreclosure inventories and/or how you’re helping people avoid foreclosure?
Answer: Foreclosures have been harder to come by these days than in previous years. Banks have been working more with sellers to settle their short sale. While this is not true for all banks, I would recommend a seller underwater, do everything he/she can to work with the bank on the short sale process. Furthermore, a seller’s credit score will bounce back from a short sale much quicker than a foreclosure, thus allowing them to purchase a home again in the near future.
About Mavrix Real Estate: Mavrix Real Estate is an innovative and diversified real estate services company with a primary focus on investment real estate. We have a team of professional, highly specialized agents that know what it takes to sell redeveloped property. They will take care of the details so you can move on to the next deal. Alternately, if you currently own distressed property, and need open and honest information about your options, including a short-sale, you will not find better real estate representation.
To participate in our Realtor Interview Series, email Shelby.