Richard Wamsat’s Real Estate News & Views

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

Subscribe

* indicates required

Intuit Mailchimp

Happy mother and daughter walking in the street in the autumn. The girl is aged 9 and the mother is in her 30s. They are wearing coats, scarfs and caps.

Knowledge Is Power on the Path to Homeownership

By Richard Wamsat | Dec 1, 2020

Homeownership is on the goal list for many young adults, but sometimes it’s hard to know exactly how to get there. From understanding the homebuying process to pre-approval and down payment assistance options, uncertainty along the way can ultimately hold some buyers back. Today, there are over 75 million Millennials and 67 million Gen Z’ers in the […]

Read More
Background of gray stars and one gold highlighted at the top

5 Tips for Homebuyers Who Want to Make a Competitive Offer

By Richard Wamsat | Nov 30, 2020

Today’s real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a confident and competitive offer. Here are five keys to success for this important stage in the homebuying process. 1. Listen to […]

Read More
""

Key Terms to Know in the Homebuying Process [INFOGRAPHIC]

By Richard Wamsat | Nov 27, 2020

Some Highlights Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in the right direction, here’s a list of some of the most common language you’ll hear along the way. The best way to ensure your homebuying process is a positive one is to […]

Read More
""

Thank You for Your Support

By Richard Wamsat | Nov 26, 2020

This year has been a struggle for many families across the globe. Our country has been divided on so many issues, political, social, and health, so it is more important than ever to take stock of the things that you are thankful for and give thanks. Today I am thankful for my family, my beautiful […]

Read More
small toy house with red ribbon and key

Your House May Be High on the Buyer Wish List This Holiday Season

By Richard Wamsat | Nov 25, 2020

Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why selling your house now, or keeping it on the market this season, is the best […]

Read More
Father and son looking out of window on rainy day

Is Buying a Home Today a Good Financial Move?

By Richard Wamsat | Nov 24, 2020

There’s no doubt 2020 has been a challenging year. A global pandemic coupled with an economic recession has caused heartache for many. However, it has also prompted more Americans to reconsider the meaning of “home.” This quest for a place better equipped to fulfill our needs, along with record-low mortgage rates, has skyrocketed the demand for home purchases. This […]

Read More
Shopping cart race

Don’t Let Buyer Competition Keep You from Purchasing a Home

By Richard Wamsat | Nov 23, 2020

This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on their searches as we […]

Read More
""

It Pays to Sell with a Real Estate Agent [INFOGRAPHIC]

By Richard Wamsat | Nov 20, 2020

Some Highlights Today, it’s more important than ever to have an expert you trust to guide you as you sell your house. From your safety throughout the process to the complexity of negotiating the deal, you need a professional on your side. Before you decide to take on the challenge of selling your house on […]

Read More
Male friends crawling together in mud on outdoor obstacle course

Will Mortgage Rates Remain Low Next Year?

By Richard Wamsat | Nov 19, 2020

In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below): When you continually hear how rates are […]

Read More