Realty Digest August 2022 by Scot Campbell

SCOT CAMPBELL / COLDWELL BANKER-Campbell Realtors Global Luxury Specialist 714.336.0394 Mobile / scot@campbellrealtors.com / www.scotcampbell.com / DRE #00943759

I have been a Full Time Realtor in Huntington Beach for over 32 years. If you are having thoughts of selling, I am standing by to help you!

It’s true, just about any Realtor could have sold your home last year.

In 2021, the market was hotter than I have ever seen it. Just about anyone could have sold your home for you. The best agents, like me, were adding value to sellers by widening the buyer pool to out of area buyers with walk-thru 3D Tours, beautiful photography, complete property listing data, and setting up a time table for offers which allowed all interested parties to “jump in”... I was creating a competitive bidding environment for my listings. It was a great time to hire an experienced and skilled Realtor, but not everyone did. When mortgage rates went up, the Market Shifted. Now is a time when you need the most experienced and skilled Realtor possible. Happiness is leaving nothing to chance!

Sincerely, Scot Campbell Happiness is chancenothingleavingtowhenhiringaRealtor!

How’s the Huntington Beach Market?

For an Instant Home Value Report for your home go to: www.HBhomeValue.com To read my complete report on the Huntington Beach Real Estate Market go to: www.HowsTheHBmarket.com

Although conditions do not favor sellers as much as 180 days ago, it is still a very good time to sell!

The “Days of Supply” is the best indicator of market conditions. The reading jumped from a record low of 20 days in February up to 60 days on August 4th 2022 indicating a rapid shift from strong “Seller’s Market” conditions to a level approaching a “Balanced Market”. The graph illustrates market conditions over the last eight years. The market reaction to the elimination of the mortgage inter est deduction can be seen in Q4 2018 and Q1 2019. The immediate “CV-19 Shock” is visible in April-May 2020, followed by the Strongest Seller’s Market conditions ever seen. In Recent months the days of supply is moving toward a balance market.

1814 Main St, “Park Area” Huntington Bch | Custom-Built Estate | Constructed in 2014 For 3D Tour & Details: www.1814Main.info Guest House Arrangement | Close to schools | 6 Bedrooms | 5 Baths | 2 Half Baths 5,563 Asqft | 7,625 SF Lot | 4 Car Garage | Spa/Outdoor Kitchen ON MARKET Call for Details & Showing Information | List Price $3,750,000 The quaint “Park Area” of Downtown Huntington Beach is “beach close” but more quiet with fewer tourists than the “resort areas”. This spacious custom built home, with guest house arrangement, offers the oppor tunity for all members of multi-generational households to participate in the Beach Lifestyle!

MODERN OCEANFRONT HOME ON SAND | Sweeping Ocean & Sunset Views! For 3D Tour & Details: www.16351sPacific.info 40’ X 70’ Corner Lot | Built in 2021 | 6,300 ASqFt of Living Area | 6 Bedrooms | 6 Baths 2 Half Baths | 3 Car Garage | Multiple Entertaining Areas | Elevator ON MARKET Call for Details & Showing Information | List Price $9,500,000 This Custom Built Contemporary Oceanfront Home was constructed on an oversize 40 foot corner lot in 2021. The extra lot width allows the home to offer an enviable balance of contemporary appeal & comfort with high ceilings on all levels and walls of windows… this is truly a modern masterpiece sitting “on the sand”!

The market indicators show that today’s buyers are very sensitive to mortgage rates. More buyers want to buy and more homes will sell… when rates are lower. So, the current market conditions (while they last) benefit both home buyers and sellers. The market has shifted from the super low inventory, “panic buy” conditions we saw in 2021 and early 2022. However, homes which are put on the market in reasonably good condition and priced according to recent sales will find a buyer!

A couple weeks ago we saw mortgage rates fall below 5% for the first time since March, and the total inventory of avail able Orange County homes has increased 61% from the ridiculously low number of homes for sale last year at this time. So, with mortgage rates falling from about 6% to below 5%, it is no big surprise that the Orange County housing market responded with an increase Pending Escrows in the last few weeks.

More houses in Orange County went under contract than were newly listed in recent weeks, so the Days of Supply trended in the direction of a Seller’s Market for the first time since February.

By Scot Campbell on

Housing

Orange County Active Listing Inventory Year Over Year

Orange County Days of Supply Year Over YearOrange County Demand Year Over Year

Make no mistake, now is a good time to buy & sell a home in Orange County.

Orange County Housing Listings & Demand Up

Source: FreddieMac & Reports

Days of Supply Trending back toward Seller’s Market for first time in 2022.

To see the Realtor MLS Listing with HDRi Photography, 3D Tour, and 2D Floorplan go to: www.17931Wellbank.info

When Scot Campbell put 17931 Wellbank Lane in Huntington Beach on the market, all the HDRi (high dynamic range intelligence) photography, Aerial images, Walk-Thru 3D tour, and the Detailed 2D Floorplan were pub lished in the Realtor MLS the moment it became an “Active” list ing.

Home Sellers get the “Very Best Imagery” package possible when they list with Scot Campbell: High Dynamic Range Still Photos, Dramatic A erials, Lifelike Walk-Thru 3D Tour, and detailed 2D Floorplan!

If you are having thoughts of selling and would like your home marketed with the same imagery package that helped sell 17931 Wellbank Lane, contact Scot Campbell!

Immediately, buyers & agents began viewing the imagery… and re questing appointments for in person showings. There were 159 “views” of the walk-through 3D tour in the 9 days the home was on the market, over 20 in person showings, and multiple offers. The property is now in escrow Full Price.

Conclusion: A Structured Installment Sale can be an attractive way for homeowners (or real estate investors) with sub stantial capital gains to defer and potentially reduce their tax liability when selling. By spreading the payments through multiple years via a Structured Installment Sale, capital gains taxes as well as net investment income taxes could be deferred and potentially reduced, while providing the seller with dependable monthly income from the sale. Unlike a seller carry back loan, the payments are reliably made by an A+ Rated Life Insurance Company, and there is no risk of an early payoff (triggering large capital gains taxes).

*A+ Rating from A.M. Best 12/17/21.

Important: DO NOT attempt to do a Structured Installment Sale without advice from your CPA/Tax Expert, Qualified Insurance Broker, and Realtor who are familiar with the IRS rules & best practices. If you would like more information, please email me (Scot@CampbellRealtors.com) and I will send you a White Paper which you can share with your CPA or Tax Advisor.

Homeowners otherwise facing significant Capital Gains Taxes are now using “Structured Installment Sales” to preserve equity and receive secure monthly payments after close of escrow.

The sale of a significantly appreciated personal residence often requires the payment of capital gains tax on the profits exceeding the $250,000 per spouse threshold. Some long-term homeowners are fortunate enough to have much more appreciation: $1 to $5 million is certainly not uncommon in Coastal Orange County. Understandably, there is little ap petite for such long term homeowners to sell… especially when capital gains taxes can take 40+ percent of the profit. One strategy for the long term homeowner to defer and potentially lower their capital gains taxes is to break up the cash flows from the sale over several years using a “Structured Installment Sale” with payments made by *A+ Rated Life Insurance Company. Here is an example of how other homeowners have begun using this IRS Approved Technique:

John Nelson I cannot express in words my gratitude to Scot for his professionalism, hard work, patience, and wisdom as he helped our family sell three Huntington Beach properties (a condo and two family homes). He is a consummate pro fessional, is highly knowledgeable about the local mar ket, and had impe cable judgement on how to market and prepare the three properties for sale. Each residence sold nearly immediately and for well above the asking price. His guidance and initiative were instrumental in preparing our homes quickly and professionally for the market. I highly recommend him if you are selling a property in the Huntington Beach area. When the time comes to decide who to entrust with helping you sell your home, Scot Campbell is worthy of your consideration.

Deborah Werneth

If you are selling a property look no further than Scot Campbell Realtor! Scot Campbell is an outstanding Re altor. His knowledge of the Huntington Beach market is point on. Scot marketing and strategy skills are superla tive,, as he was able to help us get a record price for an Old Towne Huntington Beach cottage- the price was well above comparables and the asking price! Scot Campbell is a personable and responsive Realtor. He responded quickly to any questions that we had and provided ongoing updates on the sale of our property. This is the second time our family has worked with Scot Campbell - the first time buying and this time selling a property. Scot Campbell Realtor is the best!

Having Thoughts of Selling your Home? If so, email/text me the address, and I will send you a Custom Home Value Report… or order an instant value report www.HBhomeValue.comat: Want to see All the Recent Sales Activity in your Neighborhood? I post Market Updates monthly for: Downtown HB, Seacliff, Edwards Hill, Huntington Harbour, Brightwater, Bolsa Landmark, & Summerlane www.HBneighborhoodSales.comat: How is the Huntington Beach Market? Read a Monthly Report www.HowisTheHBmarket.comat: How is the Orange County Market? Read a Quarterly Report www.HowisTheOCmarket.comat: SCOT CAMPBELL / COLDWELL BANKER-Campbell Realtors Global Luxury Specialist 714.336.0394 Mobile / scot@campbellrealtors.com / www.scotcampbell.com / DRE #00943759

714.336.0394 Mobile / scot@campbellrealtors.com / www.scotcampbell.com The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. ©2022 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. COLDWELL BANKER Campbell Realtors 1720 Pacific Coast Hwy, Suite 101 Huntington Beach, CA 92648 Local Postal Customers