Recently, Compass conducted its first-ever internal survey that polled over 460 Compass agents across the country on their 2022 real estate market forecasts. Key takeaways from the survey revealed the following:
Lack of inventory was cited by Compass agents as the number one most influential factor heading into the 2022 real estate market.
While more than half (56.4%) of Compass agents noted that the lack of housing supply will drive the 2022 market, 46.4% were optimistic that inventory will increase slightly in the coming year.
For SoCal in particular, Compass agents were a bit more conservative, with 43% of local agents expecting a slight increase of inventory throughout the region.
With this information in mind, how do you stay competitive when you find your dream home? Below are suggestions and tips we recommend if you’re considering buying or selling a home in the upcoming year.
Write Down Your Goals
Whether you're planning a move in the near future or down the road, writing a list of things you’d like to accomplish for a happy life at home is essential to achieving them. According to Forbes, vividly describing your goals in written form is strongly associated with goal success, and people who describe or picture their goals are anywhere from 1.2 to 1.4 times more likely to successfully accomplish their goals than people who don’t.
Find a Trusted Partner
After writing your home goals down, the logical next step is to contact a trusted partner. Hailed by our clients as extremely knowledgeable of the Los Angeles real estate market, our agents offer a personalized approach unparalleled to any other team in Silicon Beach. Whether you are considering a move to Westchester, Playa del Rey, Playa Vista, Marina del Rey, Venice, Santa Monica or surrounding West L.A. communities, our team is keenly attuned to the details that make each neighborhood so special.
In addition, our team has a nuanced understanding of every aspect of a real estate transaction, which helps our clients save thousands of dollars and make smart long-term investments. Whether you’re a real estate pro or buying your first house, we’re here to help you reach your goals in 2022 and beyond!
Understand the Process
We know that buying a home is an emotional process and a major financial decision - and we’re here to help you every step of the way. Each member of our team has a specialized role and a singular focus, dedicated to achieving the very best results for our clients. For a home buying guide outlining the home buying process and success stories, click here.
Make An Action Plan
According to Mindtools.org, creating an action plan is often missed in the process of goal setting.
“You get so focused on the outcome that you forget to plan all of the steps that are needed along the way. By writing out the individual steps, and then crossing each one off as you complete it, you'll realize that you are making progress towards your ultimate goal.”
Ready to get started? Please contact us directly at 310.499.2020 to set up a meeting so we can start this journey together and to create an action plan. We would be delighted to discuss your real estate goals and review the home buying process in current market conditions.
We look forward to providing you with our market-leading insight (and winning strategies) to help you make the smartest home buying decision in Silicon Beach!
About Stephanie Younger
Stephanie Younger’s results-driven approach, integrity, and honesty have earned her top-producer status, as well as the hard-earned respect of her clients and colleagues. In 2020, the Wall Street Journal and Real Trends named the Stephanie Younger Group as a Top Ten Team in California and #32 in the nation for large team sales volume. Most recently, she has become a top media resource for all things Westside. You can see her featured in numerous articles such as The LA Times, The Argonaut, Curbed LA, and more.