Southern California Real Estate: A Market in Transition
Southern California’s spring real estate market is gaining momentum as inventory increases, offering relief to buyers. More sellers are listing homes to meet peak demand, and while prices remain high, appreciation has slowed, creating a more balanced market. Coastal areas command premium prices, while inland regions offer better value. Mortgage rates have stabilized, keeping buyer activity steady. Multiple offers are still common, but bidding wars have eased, giving buyers more negotiation room in this competitive yet normalizing market. If you would like more information on your neighborhood, just give us a call today.
- When you need to work on your credit. Maybe your credit score is just starting to recover, but you need more time to pay down debts for a couple of years. With rent-to-own, you could start investing in a home while you bring up your score.
- You’re close, but not quite ready to secure a mortgage. You might have a good job with a significantly bigger salary, but you haven’t been there long enough for a lender to consider it a stable source of income. Or maybe you’re self-employed and you’re still building a reliable track record. Rent-to-own allows time to build personal wealth and financial credibility while working toward your homeownership goals.
- When you know you’re going to buy when the lease expires. If you’re not ready to buy when the lease expires, then you will lose any rent credit, i.e. investment, you’ve put into the home.
