According to the Los Angeles Times, “San Francisco and Los Angeles rank first and second in the country” for urban exodus out of California. While the state of California ranks #2 in the entire United States. The culprits, cost of housing, cost of living, and urban crime are the top reasons. COVID and the advent of remote working at home, have also changed the topography of the where-to-live landscape. One could move to a bigger, better, and cheaper home elsewhere, where locally it was Sacramento and the Central Valley. Of course, this has been happening for a while now, but the impact of the COVID crisis, the loss of lives, and job losses caused a reevaluation of priorities and it became a necessary recalculation of life!
Another shift caused by COVID was employers allowing their workers to work remotely from home. The cost savings of gasoline, which is choking the life out of most everybody at $100.+ to fill up your 16-gallon tank! And yet, the need for gasoline is the long commutes from suburban homes to urban work centers. For example, if you have a one-two hour commute to and from the San Francisco metro area that’s 2-4 hours a day, 20-40 hours a week, 80-100 hours a month, and almost 500-1000 hours a year that you are giving to the freeway, and not you or your loved ones.
However, workers aren’t just moving to suburbs which has increased the affordable housing prices, like with Sacramento! We’ve all heard the saying go west for opportunities, now it’s head north, east, and south, anywhere where the grass may not be greener but it costs much less to keep it green! Flocks of households are moving eastward to Nevada, Arizona, north to Oregon and Washington, and south to Texas and Florida, where you not only get more bang or flamingos for your buck, both states don’t impose a state income tax. However, for even better deals, Americans are also border-crossing to Mexico, where last year’s values are up by 25% in some areas, and the hottest across the pond for ex-pats in 2022 is the country of Portugal.
If you are a San Franciscan considering your migration out options and still on the fence about selling, don’t let the equity cruise ship sail without you, there will be a market correction, but we don’t know what kind yet. You’re at the precipice of that impending transition, asking prices are dropping and the goal is to take as much of your equity now while you still can.
However, as a broker-owner of Sincerity Realty, I can help you save time and money that could be a cruise ship trip. Working with me as a broker is like working directly with the C.E.O. because you are. However, unlike a C.E.O., you receive personal, professional service, have direct contact, and stay informed throughout the process. Whatever your need, I am supported by some of the best affiliates in San Francisco and the bay area.
Contact me at 628-888-9078, my consultation is free, and I provide a free comprehensive valuation report on your property. And free no fee, minus any agreed-to expenses incurred if your home doesn’t sell! Also, for your safety, you don’t need a lock box or a sign and it can be done by appointment only. Sincerity Realty “Where Sincerity Has a Home” with your homes for sale!
Remember inflation has proven your dollars buy you less today versus last year, and the time to sell is now! So don’t let the Equity Cruise Ship leave without you, let my 20 years of expertise bring ease to your homes for sale experience and I save you money too!
By Mary Ann Cadorna copyright 07-31-2022 for www.SincerityRealty.com
TESTIMONIALS
Highly likely to recommend
— Jim & Estelita Proia, Sellers
We are so glad we listened to Mary Ann’s pricing strategy for the home she listed for us.
If we hadn’t, we would have lost all our equity and our chance to sell. Shortly after we sold our home the market values plummeted, and we would have lost our only chance to sell with equity. We couldn’t have sold our old home or purchased our new home without her. We highly recommend Mary Ann Cadorna and would not hesitate to use her again.
