Why you should consider to sell if you live in Chula Vista
Chula Vista is one of the fastest growing cities in California. Development has boomed ever since the great recession, unemployment is at it’s lowest, and families are growing faster than ever. As all of this compounded trends have emerged and neighboring communities have flourished because of it. We wanted to highlight that downtown Chula Vista is next on that list and how you as a property owner can take advantage of these favorable circumstances.
It’s no secret Downtown Chula Vista is going through a transition. If you would have asked any San Diego native you were heading there, they would have asked “what for?” Now downtown CV is going through the same trends as neighboring communities such as North Park and Barrio Logan went through, riding the wave of craft food & beer, which is great news for those who own property nearby.
If you own property in Chula Vista, specifically west Chula Vista, you may want to consider to put your house on the market, here are 3 reasons why.
Low inventory Low Interest Rates
The demand for housing has steadily increased over the years, favoring those who are looking to sell. Population is growing, Millennials are moving out, but there is a shortage in housing all throughout San Diego. Buyer’s are going to great lengths to purchase a home, such as bidding wars, and submitting offers that will benefit sellers such as forgoing repair requests.
Millennials want in on the action
Meaning they want to own property rather than continue to rent, and for good reason as rents have matched mortgages. (Thanks to the low interest rates as mentioned above) Downtown Chula Vista has started to become a spot for Chula Vista locals to venture to thanks to all the brewery’s and restaurants that are popping up.
Mortgage Rates are extremely low
Mortgage rates are hovering just over 4% drawing new home buyers to the market. We’re in a unique period where both buyer and seller’s can benefit. However, this isn’t going to last and some experts are predicting that rates will reach 5% before the end of the year. If you don’t want to miss out on the plethora of buyer’s it is better to list your home sooner rather than later, not to mention if you are looking to buy after selling, you too can benefit from these low rates.
If you live in Chula Vista and are considering to sell, let’s grab a coffee and chat.