Richard’s Blog

Are You Wondering if This Is the Year To Buy a Home?

By Richard Wamsat | Mar 16, 2022

Every year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? If you’re a renter, chances are you’ve asked yourself that question at least once, and it’s likely because you’ve faced an increase in your monthly housing costs over time. After all, according to Census data, rents have risen consistently for […]

Don’t Get Caught Off Guard by Closing Costs

By Richard Wamsat | Mar 15, 2022

As a homebuyer, it’s important to plan and budget for the expenses you’ll encounter when you purchase a home. While most people understand the need to save for a down payment, a recent survey found 41% of homebuyers were surprised by their closing costs. Here’s some information to help you get started so you’re not caught off guard […]

This Spring Presents Sellers with a Golden Opportunity

By Richard Wamsat | Mar 14, 2022

If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. If that’s the case, you should know – you may be able to get the best of both worlds […]

Key Terms for Homebuyers [INFOGRAPHIC]

By Richard Wamsat | Mar 11, 2022

Some Highlights Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford. Terms like appraisal (what lenders rely on to validate a home’s value) and the inspection contingency (which gives buyers essential information on a home’s condition) directly impact the transaction. Buying a home can be […]

How To Navigate a Market Where Multiple Offers Is the New Normal

By Richard Wamsat | Mar 10, 2022

If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you? As a buyer, low housing supply coupled with high buyer demand means you should be prepared to navigate a highly competitive market where homes sell fast and get multiple offers. Realtor.com has this to say: […]

Key Factors That Impact Affordability Today

By Richard Wamsat | Mar 9, 2022

You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now unaffordable. There are three measures used to establish home affordability: home prices, […]

How Global Uncertainty Is Impacting Mortgage Rates

By Richard Wamsat | Mar 8, 2022

If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January of this year. And just a few weeks ago, the 30-year fixed mortgage rate from Freddie Mac approached 4% for the first time since May of 2019. But that climb has […]

Why It’s Critical To Price Your House Right

By Richard Wamsat | Mar 7, 2022

When you make a move, you want to sell your house for the highest price possible. That might be why many homeowners are eager to list in today’s sellers’ market. After all, with record-low inventory and high buyer demand, many homes are selling for more than asking price. Data from the National Association of Realtors (NAR) shows 46% of homes are selling above list […]

Supply and Demand in Today’s Market [INFOGRAPHIC]

By Richard Wamsat | Mar 4, 2022

Some Highlights Today’s housing market is the direct result of low supply and high buyer demand. Here’s what that means for you and your plans to buy or sell. For buyers, expect competition, be ready to move fast, and be prepared to submit your strongest offer. For sellers, know your house will be the center of attention and that it’ll likely sell quickly and […]

Richard Wamsat’s Real Estate News & Views

Are You Wondering if This Is the Year To Buy a Home?

Don’t Get Caught Off Guard by Closing Costs

This Spring Presents Sellers with a Golden Opportunity

Key Terms for Homebuyers [INFOGRAPHIC]

How To Navigate a Market Where Multiple Offers Is the New Normal

Key Factors That Impact Affordability Today

How Global Uncertainty Is Impacting Mortgage Rates

Why It’s Critical To Price Your House Right

Supply and Demand in Today’s Market [INFOGRAPHIC]

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