Sean Zanganeh Real Estate Podcast

Sean Zanganeh
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As one of the top five agents with Windermere Homes & Estates, Sean Zanganeh prides himself on working closely with his clients in order to achieve their real estate goals. Sean uses proactive and innovative techniques to help you find your dream home. This podcast is just one way we work to help you make educated real estate decisions.

  1. 06/09/2022 · VIDEO

    Have home prices peaked? Is the Housing Market Finally Coming Down?

    What you need to know about the future of our housing market. Will home prices continue to increase, or will we fall into a recession? Today I want to briefly discuss the future of San Diego’s housing market. In May 2022, the average home price in San Diego reached $1 million. What does this mean for sellers? First, our market has had crazy-high appreciation recently, but things may calm down soon. The market won’t crash, but instead of 25% appreciation, we may only see around 10%. Second, pricing your property correctly is more important now than ever. The market is still ascending, but just because your neighbor sold for a certain amount doesn’t mean you’re guaranteed to get a little more. The market is moving at a slower pace, but smartly priced homes are still selling with multiple offers over list price. However, overpriced homes are sitting on the market longer than they would have a few months ago. “2022 will be full of opportunities.” Meanwhile, interest rates continue to be the biggest factor in our market for buyers. If you became pre-approved a few months ago, I recommend you go through the process again. Your rates have likely changed, and it could impact your buying power. The last thing you want is to find your dream home only to learn you can’t afford it. Overall, I think 2022 will be full of opportunities. It will likely be easier to buy and sell a home at the same time since there will be more inventory and less competition. Despite these factors, home prices won’t fall anytime soon. Even if inventory rises, it will still be very low. Instead of homes selling with 25 or 30 offers, they’ll sell with three or five, which is still good. If you want an experienced professional to help you take advantage of this market’s opportunities, please call or email me. I am always willing to help!

  2. 02/28/2022 · VIDEO

    3 Factors Making Remodels More Difficult in 2022

    Here are some challenges you might face when remodeling your home. Should you remodel your home in this market prior to selling? There’s a lot to consider, particularly the three factors that are making remodels more challenging in this market than a normal one: 1. Supply chain issues. Real estate has been affected by these as well. This is likely not going to change anytime soon. 2. Increase in inflation. Repairs simply cost more to make now than they used to. Bigger projects become even bigger and more expensive as a result. 3. Difficulty finding good help. Finding good contractor work is essential for a successful remodel. We’re fortunate to work with some quality vendors that we have great relationships with and can recommend to our clients. Let me know if you’d like their information. If you have any questions for me about remodeling, buying, selling, or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.

  3. 02/10/2022 · VIDEO

    How To Start the Home-Buying Process in San Diego

    Here are a few tips to help you successfully buy a home in San Diego. Are you interested in buying a home in San Diego, but you don’t know where to start? Today I’ll share a few tips and tricks on how to win in today’s real estate market. First, we like to sit down with our buyers to find out about your needs. Do you have a family? Do you want to live in an urban setting? Are you looking for good schools? Are you looking for nightlife attractions? Do you love beaches? All these questions will help us find your dream home. Similarly, we need to know if you’ll need to commute for work. Many people think that they’ll be fine living far away from their workplaces, but as we come out of the COVID era, the traffic is starting to return to San Diego. The location of the home makes a huge difference; one or two exits could add 15 to 20 minutes to your commute each way. Next, we’ll create a hot map by looking up properties that sold over the last 60 days over the area you’re interested in to see if it’s a good fit for you and your family. Looking at homes that border the area you’re looking in is a good backup plan to help you get a better deal. “The location of the home makes a huge difference; one or two exits could add 15 to 20 minutes to your commute each way.” We recommend that you schedule a time to sit down with us to talk about the area. We’ll help you learn about the landmarks, shopping centers, restaurants, and bars where you’ll be moving so that you know what amenities you’ll be able to enjoy. We could also take you on a tour of the area or make you a map of the points of interest. These are just a few of the things we suggest to clients who are moving to San Diego. If you’d like to hear more or if you have any questions, don’t hesitate to give us a call or send us an email.

  4. 12/22/2021 · VIDEO

    Why the San Diego Condo Market Is on Fire

    Here’s what you need to know about the future of San Diego’s condo market. Downtown San Diego is one of the great landmarks of the west coast, but the last few years have been rough. The pandemic shut down the city’s vibrant social scene, and things have been slow to open back up. Now that more people are vaccinated and heading back to work, are things starting to come back? As of late November 2021, a lot has changed in the downtown condo market. We have fewer than 90 units for sale and over 140 in escrow. The rest of the San Diego housing market increased 30% during the pandemic, and it looks like downtown is just starting to catch up. “People from all over the country are buying property here.” Homes are entering escrow this year 65% faster than last year. On top of that, closed units are up 68%. One thing I’ve noticed is that the areas in development have a lot more clarity. New buildings are coming in, and people are feeling optimistic.  What does this mean for the future? It looks like downtown prices are only going up, and inventory is only decreasing. People from all over the country are buying property here, so if you want to get in on the action, you better act fast.  If you have any questions about today’s topic, please feel free to call or email me. I am always willing to help!

  5. 12/03/2021 · VIDEO

    Why Won’t Certain Homes Sell?

    Here are the top three reasons why homes fail to sell in our market. We’ve seen a crazy change in the marketplace over the last two years. We went from March 2020, when everyone stopped buying homes, to June and July, when everyone went right back to the market. In 2021, we’ve seen one of the biggest increases in home values that I think any of us will see in our lifetimes. Now the market is shifting again. It’s not slowing down—we’re just not seeing the rapid pace of increase that we saw between February and July. Here are a few things we’ve noticed that are causing homes not to sell in this market: “You can’t just take a couple of photos on your iPhone and put the house on the market anymore.” 1. Poor home preparation. Earlier this year, all you had to do was put your home up for sale and watch all the buyers flock to your listing, some of whom might even have offered $100,000 more than your asking price. Today, however, there’s more inventory available, so buyers are starting to become a bit pickier. The era of just listing homes and waiting is over; you need to clean from top to bottom, touch up your paint, and replace old and worn carpets. Simple projects like these add immense value to your home. Prepped homes sell for a lot more than homes with no work done. 2. Average marketing. If you were a real estate agent with a home to sell between February and June of this year, your job was a lot easier than it used to be. However, all that has changed. People are spending a lot more time studying listing photos and looking at media collateral before they visit a property, so make sure your agent is doing a full media package when it comes to marketing your home. They need to create a brand for your home to help it make top dollar. You can’t just take a couple of photos on your iPhone and put the house on the market anymore. 3. Pacing too far ahead of pricing. Over the last year, we’ve seen people listing their homes for thousands of dollars over what the last comparable sale was. Now, people are more realistic about pricing in the market, and they’re studying the pricing before they step foot in your home. The average buyer has seen all your comparable sales and has made offers on all of them, so they know what a house should be worth by the time they come for a showing. Buyers punish overpriced sellers by not making an offer at all or waiting for the seller to make a price adjustment. You can avoid that by simply listing your home at the market price. If you’re looking for more tips on how to sell your home for top dollar or have any real estate questions at all, give me a call or send an email. I’d love to hear from you.

  6. 05/17/2021 · VIDEO

    3 Ways Young People Can Build Wealth Through Real Estate

    Here are three ways to build your real estate portfolio in San Diego. Many first-time homebuyers are looking to purchase homes, but they’re finding that prices are just too high for them. I’d both agree and disagree with their assessments; it all depends on what you’re looking at. Today I’ll share three great ways to help you build your portfolio and wealth here in San Diego: 1. Condos. In today’s market, condos are probably the most underrated asset class. Over the last 12 to 18 months, so many people have shifted their focus to single-family homes that the condo market has softened and people are getting deals. Post pandemic, we’ll likely see the condo market come back strong as people use them for second homes and other purposes. I’ve seen a ton of clients gain lots of equity from condos, and it’s substantially easier to get into that market than the detached housing market these days. “Many young people don’t think of real estate as a great partnership opportunity, but it can be.” 2. “House hack” by renting out bought property. House hacking is where you purchase a large or multi-unit property and rent it out to tenants. The rent you receive can offset the cost of the property. Suppose you had a two-unit property in a desirable location where you couldn’t normally qualify for two units at $750,000. By purchasing a two-unit property there, you can use the rent generated to offset the property’s expenses, so it might feel like you’re only buying a $500,000 property. This is useful for those who want to live with another person. 3. Buy real estate with someone. If you’re looking to start your rental portfolio, try buying a piece of property with a partner. Many young people don’t think of real estate as a great partnership opportunity, but it can be. With the right agreements in place and the right vehicles to own real estate, there are easy, effective ways for people to buy real estate with a partner. If you have any questions about today’s tips or purchasing real estate in general, don’t hesitate to reach out to me. I’d love to help you.

  7. 04/23/2021 · VIDEO

    How Can You Dramatically Increase Your Home’s Value in 2021?

    Here's what homebuyers are willing to pay a premium for in 2021. If you’re looking to add tens of thousands of dollars of value to your home this year, there are a couple of key things you can do. While these may be some big-ticket items that you’ll need to purchase, your investment will bring fantastic returns in the future. Since the pandemic began, we’ve seen pools and backyards explode in popularity. Everyone wants a place where they can relax, spread out, and entertain guests safely, so many clients have been investing in their outdoor spaces. Those who have added pools, which could cost $50,000 to $100,000, are often getting back $150,000 or more on their investment when they sell. However, not all homes will gain value when a pool is added; in some cases, you might get a better return if you simply move without pouring money into your property. Either way, we always invite people to reach out to us so we can weigh the options together. Studio sheds, or accessory dwelling units (ADUs), are also becoming extremely popular. Some people believe adding one would be a daunting task, but it’s actually quite easy. Some websites even have prefabricated options that you’re able to choose from. San Diego also has pre-approved plans homeowners can purchase to add ADUs to their property. Homeowners can use this as a way to create secondary income through a rental, or have a private place where relatives can stay. It gives people a lot of flexibility, and homebuyers are flocking to listings that include these units. “Many clients have been investing in their outdoor spaces.” If you have any questions about real estate or would like to learn about more ways to add value to your home, feel free to reach out to us. We look forward to hearing from you soon.

  8. 04/02/2021 · VIDEO

    Why San Diego is in the Midst of a Home Inventory Shortage

    Here’s why demand is so high and supply is so low. If you’re struggling to find a home in the San Diego area, you’re not alone. Inventory has been overwhelmingly low, meaning that tons of buyers are competing over a small supply of properties. Many clients have been wondering why there are so few homes available, which is why we’re covering the top three reasons why San Diego and the rest of the country are experiencing an inventory shortage. Here’s what’s happening: 1. The COVID-19 pandemic: In the past year, many would-be sellers have decided to wait on listing their homes until the pandemic has passed. Whether they’re immunocompromised or simply uncomfortable putting their homes on the market, fewer people are listing properties. This is the case in San Diego, and high demand from buyers means that inventory is at record-low levels. “Inventory has been overwhelmingly low, meaning that tons of buyers are competing over a small supply of properties.” 2. Low interest rates: Many people who were thinking of downsizing or moving laterally decided it would make more sense to take advantage of low interest rates, refinance their homes, and come out with a cheaper monthly payment. This is especially true for baby boomers, who hold the largest share of real estate; they’re able to wait longer to move because they now have more options and can better afford payments. 3. Longer life expectancy: Baby boomers are also enjoying longer, healthier, and more functional lives. They’re also able to stay near their kids and grandchildren instead of moving to less expensive areas. In the past, older adults would typically be downsizing in their 60s and 70s, so this has locked down a lot of real estate. On top of this, San Diego isn’t able to have a lot of single-story homes, so this creates even more competition for the ones that are available. If you need help jumping into the market, have any questions, or would like more information, feel free to reach out to us. We look forward to hearing from you and helping with any and all of your real estate needs.

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About

As one of the top five agents with Windermere Homes & Estates, Sean Zanganeh prides himself on working closely with his clients in order to achieve their real estate goals. Sean uses proactive and innovative techniques to help you find your dream home. This podcast is just one way we work to help you make educated real estate decisions.

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