Don’t Let These Two Concerns Hold You Back from Selling Your San Francisco Home

If you’ve been on the fence about selling your home in San Francisco, you’re not alone. You might have some lingering questions, like whether now is a good time to sell or if you’ll be able to find a property that suits your needs. Let’s address those concerns and help you move forward confidently.

Is It a Good Idea to Sell in Today’s Market?

If you already own a home in San Francisco, you might be hesitant to sell because you’re worried about taking on a higher mortgage rate when buying your next home. However, your equity could make this transition more manageable than you think.

Equity—essentially, the market value of your home minus what you owe—has seen significant growth in recent years, especially in San Francisco, thanks to rapid home price appreciation. For many homeowners, this means substantial equity gains.

In fact, recent reports show that the average homeowner in the U.S. has gained about $315,000 in equity, nearly $130,000 more than at the beginning of the pandemic. For San Francisco, where home prices are higher than average, your equity could be even more significant.

This equity boost can be a game-changer. You can use your equity as a down payment on your next home, potentially reducing the mortgage amount you need at today’s rates. In some cases, it may even enable you to purchase your next home outright, bypassing mortgage rates altogether.

Will I Be Able to Find a Home I Like?

If you’re concerned about finding a home in today’s market, it’s understandable. The San Francisco housing market has been tight for the past few years, and inventory levels have been low, making it difficult to find a home that meets your needs.

But the good news is that things are shifting. While inventory levels are still below pre-pandemic levels, the number of homes for sale is up nearly 30% year-over-year. That’s a noticeable increase, and it means you’ll have more options when looking for your next property.

However, inventory still varies from neighborhood to neighborhood, and San Francisco’s market remains competitive. Homes in desirable areas, like Nob Hill, Hayes Valley, or the Mission, will still attract attention. That’s where having a local real estate agent can give you a competitive advantage—ensuring that you’re well-positioned to find the right property while also helping you price and market your home to stand out to potential buyers.

Bottom Line

If you’ve been holding back from selling due to concerns about the market, it’s time to take action. Your equity could make your next move much more feasible, and the growing inventory means more options are available when you’re ready to buy.

Let’s connect so we can go over your options, discuss market trends in San Francisco, and help you make the right move for your future. Whether you’re ready to sell, buy, or invest, having the right local insights can make all the difference.