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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.

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Swe & Win
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Chula Vista
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Safe neighborhood

4 bedrooms

Good schools
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32 Days
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Technology deficient
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Swe & WIn are business owners of a sushi restaurant in San Diego. They own property in LA and decided it was time to buy property after saving up and renting in Mira Mesa for a few years. Being they were a family of 5, a safe neighborhood and quality schooling was an important factor in their home search. Fortunately, our team had a listing that met this criteria in the Sunbow community of Chula Vista.

Swe immediately fell in love with the home while her husband felt it needed much maintenance for the asking price. They slept on the idea, and after viewing the property a second time we decided to write an offer. We came in under asking price and were able to negotiate a fair price for both parties in the transaction.

Escrow deemed a bit of a challenge, their lender was in LA and my clients didn’t electronically sign documents. We went old school for this deal and we were able to close in 32 days. Swe and WIn are now new property owners of San Diego. They hope to continue to invest in more properties and build more streams of income in the coming years.
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I

had the distinct pleasure of meeting the Maciel’s at an open house my team and I hosted. Like anyone who’s interested in becoming a homeowner, one does their research and proceeds to have a plethora of questions. So we listened, gave our input, and after a month from our initial greeting, Jaime & Tara were ready. They were serious, you’d probably be too if you had homeownership set as one of your goals for the year! For the Maciel’s, location was the key focus for our house hunt. Unfortunately at the time, the Maciel’s were residing in a neighborhood notorious for trouble, and they were fed up with it. My goal was to move them out ASAP, and provide a quality list of homes to view. This became more than an average home search, it was a search for peace of mind.

If you don’t already know, the housing market is extremely limited at the moment. Some homebuyers get discouraged with that fact, but we didn’t let that change our decision on moving forward. As luck would have it, after only a week of house hunting and reflecting on our options, we honed in on a property off East J Street in Chula Vista. We were excited! It was in budget and exactly what we were looking for. A single story home, plenty of room for entertaining guests, and most importantly, it was in a safe neighborhood. We submitted an offer and shortly after our offer was accepted! The stars were aligned, everything seemed perfect, and just as I thought nothing could go wrong, it did.

Look, opening escrow can be a smooth process, smooth like butter if you’re proactive and have a great team working together. This deal however put on the pressure! Life was testing both ends. On my clients side, they were being forcefully evicted, and expected to be out of their rental property the same day we were to close escrow. The only problem was, the sellers were way behind schedule. The big question became, will the sellers be moved out on time? My clients were afraid of being homeless and on top of it, were facing potential legal trouble from their old land lord. They were worried, but I reassured them we would figure this out.

When things couldn’t go more wrong it did. The wife of the sellers delivered her baby days away from escrow and they hadn’t started packing! There was no way they were going to pack everything up by themselves, so I took matters into my own hands. With escrow scheduled to close the next day, I skipped the office and head to my clients soon to be new home. All I saw was a large shipping container, a moving truck, and 5 little kids running around inflicting more stress for everyone! I hopped out the car, got my hands dirty and helped that family move everything until we finished the next day. I wont get to much into detail, but I will say we moved out A LOT! When it was all over relief set in, all the work paid off, my clients were getting a new home!

After all that work, I was able to give my clients the keys to their new home on time. It was so worth it. We really busted a mission to make that day possible. We don’t quit when we see adversity. It drives us to only work harder. Now the Maciel’s are proud homeowners and eager to make this new home theirs! The search for peace of mind concluded. We they and their son are in a safe neighborhood. We always have our friends and clients backs, remember that when you decide to buy or sell your home. 

P.S I recently paid a visit to their home and it is awesome! I can’t wait to share that story and photos with you guys soon.

Each month we will be highlighting a person within our community, who is going above an beyond to enhance our Chula Vista, Bonita and South Bay communities – a Community Catalyst for positive change.

In this Episode, we speak to Professor Elias Gallegos, who is working on an Anti-Bully Program County wide, Jiu Jitsu therapy for veterans with PTSD, Men’s Growth Group, Women’s Self-Defense Program and so much more. Professor Elias – we commend you for all of the work your performing to bring about positive change and growth in out community!

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