You already know that unfortunately, all seller markets must come to an end, but we may not be there just yet. The powerful and important word to keep in mind as the market changes…Anticipation
Better decisions are made by those who anticipate. Most real estate cycles start around the third year of a decade (1973,1983, 1993, 2003, 2013) and most end by the eighth year of the same decade (1978, 1988, 1998, 2008) and now that it is 2018, it is time to anticipate a change and sell your property if you are thinking of selling!
Lets talk about the last 2008 recession, actually it was not a recession, it was a depression. Values in San Diego county dropped an average of 39.6%, but the key information to know is that the coastal areas of Pacific Beach, Mission Beach and La Jolla only dropped an average of 8%.
I spoke to a client this morning who wanted to buy and hold a property for at least 8-10 years. I suggested he get a house in Pacific Beach if he wanted the highest appreciation (and for his situation, the best quality of life) without the worries of vacancies if he ever wanted to rent the property out. Pacific Beach and Mission have a vacancy rate of less than 2% even in the slowest of real estate markets.
Of course anywhere in San Diego is good to buy if you plan on living in the home, or holding as an investment for at least the next 10-15 years.
Regarding the Mob…
I was taking my 9 year old daughter to a doctors appointment at the Rady’s Children’s Medical offices in Kearny Mesa this past week, and as we approached the entrance, we saw this sign(below) and I started to laugh. My daughter asked what the sign meant. We had a a funny conversation about the meaning of an acronym.
‘He has been there anytime I needed him and I know if I need him again he would be there too. Brad gave 100% from the first time he called me till the sale was done.’
‘We really felt like Brad was on our side throughout the transaction and knew how to navigate the process calmly and effectively’
-Curt and Kim C
‘If you are skeptical on a realtor look no further. You will get what you want and when you want it with Brad. His knowledge on this market is second to none. The most unusual thing about this transaction is his exceptional follow up thru out the entire process, and even after we’ve moved in and got settled. He is one of a kind in this market and this profession’
-Scott & Allison T.
‘Thanks to Brad Brinkman and his team we now have a beautiful new home and a great investment into our future.’
-Ryan & Amanda F.
‘He found my house for me when others could not, in a location that I thought would be impossible. His aggressiveness has given me the opportunity to live in a fantastic place.’
-Trace H., Pilot Hawaiian Airlines., U.S. Navy Pilot
‘You made it easy for us to make this move into our new home because you took on all the worries, handling our transaction with skill and expertise. Specifically we were impressed with your approach to business, treating each and every customer as you treated us; as though we were your most important clients’
‘He made each transaction very smooth and it was great peace of mind knowing I could count on him.’