Richard Wamsat’s Real Estate News & Views
Local market updates, buyer and seller tips, and homeowner resources for Orange County and Irvine.
Do 46 Million Millennials Know They Are Mortgage Ready?
Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream. Millennials have taken longer to obtain traditional milestones than the generations before them, such as getting married, having kids, and buying a home. However, that does not mean that they […]
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What Credit Score Do You Need To Buy A House?
There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans have a FICO® Score between 740 and 800. Here is […]
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Want To Increase Your Family’s Wealth? Here’s How!
Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you pay your mortgage, you are paying off a […]
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Don’t Let Your Luck Run Out! Buy A Home This Spring [INFOGRAPHIC]
Some Highlights: Interest Rates for a 30-year fixed rate mortgage have dropped to 4.41% from near 5% in 2018. Take advantage of more inventory coming to market in the spring to find your dream home! Buying now will allow you to start earning equity today! Content previously posted on Keeping Current Matters
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Homeownership is a Cornerstone of the American Dream
“The rumors of my death are greatly exaggerated.” The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. After the crash, that percentage continued to fall for the next ten years. That led […]
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Why You Should Hire An Agent Who Is Like Bill Belichick To Sell Your Home
Now that the Super Bowl is over, the last “unofficial holiday” of the holiday season has come to an end, and the “Listing Season” begins. We will start to see homeowners list their homes for sale, and buyers will start house hunting again.
Read MoreMoney Magnet
Chant* “I’m a GREAT salesperson, I’M A GREAT SALES PERSON, I’m a MONEY magnet!” yeah, no thanks.
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Should I Wait Until Next Year to Buy a Home?
Word on the street is that homes are taking longer to sell, and prices are coming down. There is talk that it would be better to wait until prices drop further like they did between 2008 and 2011. Others are saying that the market moves every 10 years and we are overdue for a correction. Some of you might be thinking that is the start of what we saw in 2008 when the real estate market crashed.
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Sellers Beware – Real Estate Fraud Alert
A real estate agents job is to advertise your home for sale to the world to attract a buyer. But what happens when the agent also catches the attention of scam artists? Is your agent skilled enough to spot this clever new scam?
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