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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Two Ways Homebuyers Can Win in Today’s Market

By Richard Wamsat | Jan 12, 2022

If your goal is to purchase a home this year, you might be looking for any advantage you can get in today’s sellers’ market. While competition is still fierce for homebuyers, there are ways you can win and secure the home of your dreams, even in a hot market. Act Early and Save The earlier […]

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Why Inflation Shouldn’t Stop You from Buying a Home in 2022

By Richard Wamsat | Jan 11, 2022

If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs, supply chain constraints, and more. And if you’re thinking about purchasing a home this year, all of these inflationary concerns are likely making you wonder if you should wait to buy. Investopedia explains that during a period of high inflation, […]

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Real Estate Professionals Are Experts at Keeping You Safe When You Sell

By Richard Wamsat | Jan 10, 2022

If you’re on the fence about whether or not you want to sell your house this year, there’s good news. For nearly two years, real estate professionals have worked tirelessly to ensure the safety of buyers and sellers during the pandemic. Today, they’re seasoned experts, not just in the art of buying and selling homes, but also in how […]

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How To Hit Your Homebuying Goals This Year [INFOGRAPHIC]

By Richard Wamsat | Jan 7, 2022

Some Highlights If you’re looking to buy a home, you may want to put these items on your to-do list to ensure you hit your goals. It’s important to start working on your credit and saving for a down payment early. When you’re ready to begin your search, work with a real estate professional and get pre-approved so you know […]

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Why Waiting To Sell Your House Could Cost You a Small Fortune

By Richard Wamsat | Jan 5, 2022

Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and July. However, this year’s expected to be much different than the norm. Here are five reasons to list your house now rather […]

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There Won’t Be a Wave of Foreclosures in the Housing Market

By Richard Wamsat | Jan 5, 2022

When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures like what happened after the housing bubble 15 years ago. […]

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Avoid the Rental Trap in 2022

By Richard Wamsat | Jan 4, 2022

Are you one of the many renters thinking about where you’ll live the next time your lease is up? Before you decide whether to look for a new house or another apartment, it’s important to understand the true costs of renting in 2022. As a renter, you should know rents have been rising since 1988 (see graph below): In 2021, […]

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How Much Do You Need for Your Down Payment?

By Richard Wamsat | Jan 3, 2022

As you set out on your homebuying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment? If you think you have to put 20% down, you may have set your goal based on a common […]

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Here’s to a Wonderful 2022!

By Richard Wamsat | Dec 31, 2021
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