NVL real estate spotlight
WHAT ARE YOU WAITING FOR?
M
any homeowners are in a quandary about the current market situation and wondering whether to sell now or wait, over-analyzing what the future will hold, wondering if the current situation is a fluke, and if they were to sell, where would they go. The questions are valid, and there are solutions for the well-informed seller (or buyer). One unique factor is the post-pandemic supply chain disruptions affecting supply and demand—not just in real estate but in many markets. When the buyer demand far exceeds the housing supply, prices naturally increase. For home sellers, it is an optimal condition to fetch top dollar for your property. So whether you are retiring, purchasing a bigger home, downsizing, buying that beautiful vacation home, or simply
investing, if you can make a change, now is the perfect time to do it. Like many homeowners in Napa Valley, your property may be a second home or an investment property not being utilized to its maximum potential. If that’s the case, this may be an ideal time to consider putting it on the market. Perhaps you will get more than you ever dreamed of, allowing you to purchase a larger family home or in more than one investment property. Taking advantage of tax deferring strategies through a 1031 exchange is an excellent strategy for this. Suffice it to say, we’re in a unique situation right now where almost all home sales in Napa are getting multiple offers, resulting in a much higher return—a huge win for the investor/owner. In addition, based on the current supply and demand scenario, most buyers
are flexible with move times or are willing to negotiate a rent-back while you decide your next move or even consider a longerterm escrow. Many lenders offer creative programs to clients, such as setting up bridge loans and freeing up options to make any move a smooth transition. The bottom line is there are solutions if you want to sell, and a great realtor will always help you find a way to make it work. And for the buyers with a toe in the water, fear not. The driving forces of today’s real estate market are vastly different than the bubble (and subsequent recession) of 2008, caused by lax oversight in the lending market. Instead, today’s market trends are running solid, so now’s the perfect time to jump in!
Tracy Warr // Napa Tracy Style Napa Valley Real Estate Specialist
My mother was a REALTOR®, I’m a REALTOR®, and my daughter is a REALTOR®, so you could say that real estate is in our blood. Having pursued this profession for more than 17 years, my passion for the Napa Valley began in 1985, when I bought my restaurant in Calistoga. While food and beverage hospitality allowed me to share my love of our Valley with visitors and locals, I have found that helping people sell and buy real property affords me the best opportunity to get more folks to fulfill their dreams experience their own Napa Valley passions. (707) 287-1994 // TWARR@CBNAPAVALLEY.COM // NAPATRACYSTYLE.COM // DRE# 01443203
