Richard Wamsat’s Real Estate News & Views

Local market updates, buyer and seller tips, and homeowner resources for Orange County and Irvine.

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Will My House Still Sell in Today’s Market?

By Richard Wamsat | Sep 19, 2022

If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years. Buyer Demand Then and Now During the pandemic, mortgage rates hit record lows, and […]

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A Crucial First Step: Mortgage Pre-Approval [INFOGRAPHIC]

By Richard Wamsat | Sep 17, 2022

Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and helps sellers know your offer is serious. Connect with a trusted […]

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Buyers Are Regaining Some of Their Negotiation Power in Today’s Housing Market

By Richard Wamsat | Sep 15, 2022

If you’re thinking about buying a home today, there’s welcome news. Even though it’s still a sellers’ market, it’s a more moderate sellers’ market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over asking price to get your offer considered may be coming to a close. […]

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Is the Real Estate Market Slowing Down, or Is This a Housing Bubble?

By Richard Wamsat | Sep 14, 2022

The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming? To […]

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Three Things Buyers Can Do in Today’s Housing Market

By Richard Wamsat | Sep 13, 2022

It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.” If you’re thinking of buying a […]

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Getting Your House Ready To Sell? Work with an Agent for Expert Advice

By Richard Wamsat | Sep 12, 2022

In a market that’s shifting as fast as it is today, many homeowners wonder what, if anything, needs to be renovated before they sell their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – do before selling […]

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Why It’s So Important To Hire a Pro [INFOGRAPHIC]

By Richard Wamsat | Sep 9, 2022

Some Highlights If you’re thinking of buying or selling a home, you’ll want a trusted real estate professional on your side for their industry experience and expert insights. The right advisor utilizes the latest technology and can help you navigate today’s home pricing and market values, the contracts and fine print, and the negotiations you’ll face. Let’s connect so you have expert advice […]

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Should I Sell My House This Year?

By Richard Wamsat | Sep 8, 2022

There’s no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall. Opportunity #1: You Have More Options for […]

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Expert Forecasts on Mortgage Rates

By Richard Wamsat | Sep 7, 2022

If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow? As you think about your homeownership goals and decide if now’s the time to make […]

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