OC Housing Report: Challenges of Supply Situation
Posted 9/20/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Challenges of Supply Situation
The inventory was falling from year to year before the pandemic, but levels have grown more acute post-COVID with a lack of forced selling and far fewer homeowners placing their homes on the market.
Similarly, finding homes available for sale has been getting harder and harder. While there used to be an abundant supply of homes to purchase, slowly but surely, the inventory has diminished substantially. There is no longer a plethora of homes to choose from. In many price ranges and neighborhoods, the shelves are bare, and the stock is limited. Buyers cannot turn to the Internet for an increased supply of houses. Instead, it has become a significant waiting game.
Below is a Snap Shot of the current OC Housing Report: Challenges of Supply Situation
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
Best and Worst Projects to DYI
Posted 9/18/23
Information provided by The Paperless Agent
DIY home projects can lead to big savings — but it’s better to leave some tasks to the pros. Here are some of the best and worst projects to tackle yourself.
Best DIYs:
🖌️ Painting. Interior painting is manageable for many people with patience and the right supplies.
💡 Replacing simple fixtures. Light fixtures, shower heads, and doorknobs are often simple to swap out.
📱 Installing smart gadgets. Wireless doorbells, locks, and more often come with easy-to-follow instructions.
Worst DIYs:
🔌 Electrical work. The risk of fire from faulty wiring far outweighs any cost savings.
🛀 Adding a bath or shower. Leaks from poor plumbing can seriously damage your home.
🔨 Installing carpet or flooring. You might end up with an uneven floor or gaps that let in drafts and moisture.
Need some help with your home projects? Reach out for referrals to professionals in our network.
Ed & Julie Wright
🪧 #TheWrightTeam
📲 949.770.9888
DRE#00767891/01258209
Top 7 Tips to Attract the Best Offers for Your Home
Posted 9/13/23
Information provided by The Paperless Agent
Selling your home?
Follow these tried-and-tested tips to get the highest offer possible — even in today’s complex market.
🔎 Complete a pre-listing inspection
🛠️ Consider strategic upgrades
🛋️ Hire a home stager
💰 Price your home competitively
🎁 Offer buyer incentives
📷 Use a proven property marketing plan
🏘️ Work with an agent who knows your area
Read our latest blog post to learn how to act on these tips and what matters to buyers right now.
Ed & Julie Wright
🪧 #TheWrightTeam
📲 949.770.9888
DRE#00767891/01258209
OC Housing Report: A Modest Deceleration
Posted 9/11/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: A Modest Deceleration
As rates have edged higher and higher this year, the housing market has been slowing down from its insane pace, and now homes are taking a little longer to sell.
Market Time is Rising
The Expected Market Time has grown from 37 days in April to 49 days today, a noticeable shift in the speed of the market due to rates rising above 7%.
Active Listings
The active inventory decreased by 2% in the past couple of weeks.
Demand
Demand plunged by 7% in the past couple of weeks.
Luxury End
Luxury demand dropped by 21% in the past four weeks.
Below is a Snap Shot of the current OC Housing Report: A Modest Deceleration
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
3 Tips to Avoid Overspending on Your Home Purchase
Posted 8/30/23
Information provided by The Paperless Agent
Buying a home is a major financial decision—so it’s not surprising that overspending is one of the top homebuyer regrets.
Avoid this common mistake with these 3 tips:
💸Get preapproved for a mortgage. Complete the process before you begin your search so you know what’s within reach.
💸Shop around for a lender. Getting a few different rate quotes can save you thousands over the long run.
💸Think through your budget. Be sure to consider maintenance and repair costs in addition to your mortgage payment, taxes, and insurance.
Check out our latest blog post to learn how to steer clear of other common homebuyer regrets!
OC Housing Report: Lower Ranges Fading Away
Posted 8/28/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Lower Ranges Fading Away
The lower, entry-level price ranges have been slowly disappearing with far fewer closed sales and homeowners choosing not to sell their homes.
Entry Level Changes
There were an astonishing 57% fewer closed sales and 65% fewer FOR-SALE signs below $1 million this year compared to before COVID.
Active Listings
The active inventory decreased by 41 homes in the past couple of weeks.
Demand
Demand was nearly unchanged in the past couple of weeks.
Luxury End
The luxury market slowed in the past couple of weeks.
Below is a Snap Shot of the current OC Housing Report: Lower Ranges Fading Away
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
7 Common Homebuyer Regrets (And How to Avoid Them)
Posted 8/23/23
Information provided by The Paperless Agent
Most homebuyers are happy with their purchase—but that doesn’t mean they have zero regrets.
Here are some of the common missteps that can lead to buyer’s remorse:
💰 Spending more than necessary
🗓️ Rushing into a purchase
💸 Miscalculating the costs of homeownership
⏲️ Underestimating the time required for maintenance
🔍 Skipping a home inspection
🏠 Choosing a home that doesn’t fit your lifestyle
🧑 Buying without professional help
Read our latest blog post to learn why buyers make these mistakes and how you can avoid them.
OC Housing Report: Cool, Cool, Summer
Posted 8/14/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: It’s a Cool, Cool Summer
The summer of 2023 has been characterized by a low inventory, homeowners unwilling to sell, low demand, and a low number of closed sales.
A Housing Cold Front
There is a scarcity of homes available, a lack of demand, and very few closed sales even though home values are rising and most homes are selling quickly.
Active Listings
The active inventory increased by 4% in the past couple of weeks.
Demand
Demand decreased by 18 pending sales within the past couple of weeks.
Luxury End
The luxury market improved in the past couple of weeks.
Below is a Snap Shot of the current OC Housing Repor: Cool, Cool, Summer
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
IMPORTANT- State of the Real Estate Market!
Posted 7/26/23
Information provided by Buffini & Company
Weighing the Challenges of a Home Renovation
Posted 7/18/23
Information provided by The Paperless Agent
Debating whether you should move to a new home or stick it out through a major renovation?
While a move can be stressful, a remodel presents its own challenges:
⚒️ Hands-on involvement. You’ll spend a lot of time making decisions, managing contractors, and dealing with issues that arise.
⚒️ Uncertain time frame. Skilled worker and material shortages can mean a long wait to get started, and the project itself could take many months to complete.
⚒️ Disruption to your routine. You may need to move out temporarily or face major day-to-day challenges, like lacking a usable kitchen or bathroom.
Read our latest blog post for more factors to consider when making this important decision.
Hidden Costs of a Home Renovation
Posted 7/13/23
Information provided by The Paperless Agent
Thinking about a home renovation? Be sure to include these often-overlooked costs in your budget, as needed.
Then read our latest blog post to learn about the surprising ways a renovation can impact your finances long-term.
5 Tips to Cut Your Cooling Bill This Summer
Posted 7/10/23
Summer is here—and so are high electricity bills. Here are 5 tips to stay cool without burning through your budget. 🥵
Need some professional help? Reach out for a referral!
Renovate or Relocate? 3 Questions To Help You Decide
Posted 7/6/23
Information provided by The Paperless Agent
If you’ve outgrown your home or your lifestyle has changed, you have a big decision to make: Should you renovate or relocate?
Each option has pros and cons, and there’s a lot on the line—from your finances to your quality of life.
Feeling stuck? These 3 questions can help you decide:
🏡What are my motivations for making a change?
🏡Which option makes the most financial sense?
🏡Which path will be least disruptive to my life?
Check out our latest blog post to learn more about what you should consider.
Posted 6/21/23
Information provided by The Paperless Agent
The pandemic-era real estate rush has quieted down. So you may be wondering: Where have all those homebuyers gone?
While the desire to own a home remains strong, many would-be buyers are holding off due to factors like:
💰 High prices. Over the past few years, property values climbed faster than wages.
📈 High mortgage rates. An increase in borrowing costs has made homeownership less affordable.
🏡 Low inventory. Buyers still face limited choices, especially for starter homes.
However, some of these indicators are starting to shift. Read our latest blog post to learn why homebuyers may head back sooner than expected.
OC Housing Report: Sum-Sum-Summertime
Posted 6/16/23
Information provided by Steven Thomas
Orange County Housing Report: Sum-Sum-Summertime
Housing’s Summer Market has arrived, and with it comes an increase in inventory, a slight decrease in demand, and a rise in the market time.
The Summer Housing Market
Expect the Orange County housing market to slow slightly yet to remain exceptionally hot.
Active Listings
The active inventory did not change much in the past couple of weeks.
Demand
Demand decreased by 4% in the past couple of weeks.
Luxury End
The luxury market did not change much in the past couple of weeks.
Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
National Real Estate Market Update for 2023
Posted 6/12/23
Information provided by The Paperless Agent
How’s the U.S. real estate market?
Whether you’re a buyer, seller, or just thinking about your options, here’s what you need to know about the current market and where it’s headed.
🏡 Sales are expected to pick up by early next year.
🏡 Home prices have softened in some markets but remain relatively stable.
🏡 Listing inventory remains low, but new construction is helping to fill the supply gap.
🏡 Mortgage rates may finally come down.
Check out our latest blog post (link below) to learn more about what to expect for the rest of 2023!
Why Home Sellers Listed Their Homes
Posted 6/7/23
Information provided by The Wright Team
How do you know when it’s time to sell?
According to a recent survey by the U.S.-based National Association of Realtors, these are the top 5 reasons respondents listed for selling their homes.
Ready to take advantage of the current market or to find a home that better fits your needs? Reach out to The Wright Team for a free consultation!
📲 949.770.9888
🪧 DRE#00767891
OC Housing Report: Different Flavors of the Market
Posted 6/5/23
Information provided by Steven Thomas, Local Economist
The Orange County housing market is not the same for every price range; some are hot, while others are not.
The market is scorching hot for detached homes priced below $1.5 million, with Expected Market Times below 40 days. The hottest price range is homes priced between $750,000 to $1 million with an Expected Market Time of only 20 days.
It is still extremely hot, between $1.5 million to $2 million, just not as instant. It is insanely hot for everything below $1 million for condominiums and townhomes.
It is very hot, just not instant, from $1 million to $2 million. For Orange County, everything below $2 million is considered the bread-and- butter of the market, the vast majority of buyer activity and home sales.
Below is a Snap Shot of the current OC Housing Report: Different Flavors of the Market
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
OC Housing Report: Hype Versus Data
Posted 5/24/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Hype Versus Data
From YouTube to TikTok to the backyard barbecue, there are plenty of narratives regarding the pending doom for housing that the underlying data does not support.
Stick to the Facts
The best advice in hearing all the talk swirling around the belief that a real estate crash lurks around the corner is to ignore the noise and stick to the facts.
FACT – The active inventory in Orange County is at its lowest level in May since tracking began in 2004
FACT – Mortgage rates have reached a height and will eventually drop as the economy cools, instigating higher demand.
FACT – The housing market is scorching, with the market time dropping to 39 days, its lowest level since May last year.
Below is a Snap Shot of the current OC Housing Report: Hype Versus Data
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
How to Become a Homeowner on a First-Time Buyer’s Budget
Posted 5/15/23
Info provided by The Paperless Agent
💸 Creative Ways to Afford Your First Home 💸
It’s a tough time for rookie homebuyers – but don’t despair. By using a few creative workarounds, you can still make your homeownership dreams come true.
🏡 Cover part of your mortgage by getting a roommate or leasing out your garage.
🏡 Consider buying a home with friends or family members.
🏡 Ask loved ones for help with your down payment or closing costs.
🏡 Look for special programs and assistance.
🏡 Expand your home search to new areas and rethink your requirements.
Visit our latest blog post for more creative workarounds you can use to afford your first home! ➡️ https://bit.ly/3Ofq0qT
OC Housing Report: Constrained 2023 Inventory
Posted 5/10/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Constrained 2023 Inventory
The high mortgage rate environment has prevented many homeowners from selling their homes, and the trend has only deepened this year.
Lack of Sellers
From January through April, there were 46% fewer sellers than the average before COVID, more than 6,500 missing FOR-SALE signs.
Active Listings
The active inventory finally increased in the past couple of weeks.
Demand
Demand increased by 3% in the past couple of weeks.
Luxury End
The luxury market did not change much in the past couple of weeks
Below is a Snap Shot of the current OC Housing Report: Constrained 2023 Inventory
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
OC Housing Report: Housing Insanity Returns
Posted 4/19/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Housing Insanity Returns
With the number of available homes to purchase at extremely low levels, there simply are too many buyers competing against each other despite high mortgage rates.
A Seller’s Market
When the Expected Market Time drops below 40 days, the housing market leans heavily in favor of sellers.
Active Listings
The active inventory plunged by another 4% in the past couple of weeks
Luxury End
The luxury market improved in the past couple of weeks.
Demand
Demand jumped by 7% in the past couple of weeks.
See below for a Snap Shot of the current OC Housing Report: Housing Insanity Returns
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpUSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
The Wright Team…For All Your Real Estate Needs!!
5 Ways to Save on a Home Purchase
Posted 4/17/23
Information provided by The Paperless Agent
Buying a home can be daunting—and expensive. Here are some tried-and-true strategies to save money on your home purchase. (Click to Watch!)
Ready to start your home search? Call today to schedule a free consultation!
📲 949.770.9888
📧 Info@HelpUSellWright.com
Stress-Free Home Cleaning
Posted 4/10/23
Information provided by The Paperless Agent
There’s no denying it—keeping a tidy home is a challenge. With all of the other demands on our time, it’s easy to let cleaning and organizing fall to the bottom of our lists.
To help, we’ve rounded up 27 practical tactics to speed up your cleaning routine, including:
🧽Store a broom, dustpan, and vacuum on each floor of your home so they’re easy to reach.
🧽Place a donation box in every closet for items you no longer want or need.
🧽Learn to clean as you cook, rather than piling it all up for later.
🧽Load and run the dishwasher every night and empty it the next morning.
🧽Store out-of-season clothes inside rarely-used suitcases, so all that space doesn’t go to waste.
Read our latest blog post for all 27 tips and tricks to keep your home neater than ever! ➡️ http://bit.ly/3UvVeeE
4 Signs You’ve Hired the Right Agent
Posted 3/27/23
Information provided by The Paperless Agent
It’s a sad scenario that many home sellers will have to deal with this year: their home listings will expire or be withdrawn without a sale.
A great real estate agent can ensure you never find yourself in that position. But how do you know if you’ve hired the right agent to help you sell your home?
Here are some qualities to look out for.
If your home’s listing has expired and you’d like another opinion on positioning it for sale, reach out. We’d love to share what we do that makes us the best!
📲 949.770.9888
🪧 DRE#00767891
This marketing piece is not intended as a solicitation for properties currently in an exclusive agreement with another Broker.
OC Housing Report: Multiple Offers Again?!?
Posted 3/23/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Multiple Offers Again?!?
The lack of available homes to purchase has resulted in buyers competing against each other to buy despite low demand.
Low Supply and Multiple Bids Market Times have dropped like a rock since the start of the year, squeezed by not enough sellers.
Active Listings
The active inventory continued to fall, declining by 2% in the past couple of weeks.
Demand
Demand increased by 4% in the past couple of weeks.
Luxury End
The luxury market did not change much in the past couple of weeks.
Below is a Snap Shot of the current OC Housing Report: Multiple Offers Again?!?
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
Termite Awareness Week
Posted 3/20/23
Information provided by The Paperless Agent
March is the peak of termite swarming season. 🐛
They may not be fun to think about, but termites can seriously damage your home’s integrity. Here are some pro-sourced tips to prevent an infestation:
1️⃣ Don’t let wood touch the soil. Keep wooden siding and door frames above the ground.
2️⃣ Keep your foundation dry. Check for leaks, and make sure your downspouts are directed away from the foundation.
3️⃣ Avoid feeding the termites. Don’t stack firewood against your house; clear vines, stumps, and roots away from your foundation.
4️⃣ Garden strategically. Keep a safe distance between shrubs and walls, keep grass cut short, and replace mulch near your home with stone or gravel.
5️⃣ Seal cracks and crevices. Close off any exterior entry points with caulk or foam sealant.
If you’re preparing to sell or purchase a home, we can advise you on whether or not a termite inspection is required or warranted. Contact us today!
📲 949.770.9888
🪧 DRE#00767891
Help Your Home Make a Good Impression on Buyers
Posted 3/15/23
Information provided by The Paperless Agent
Has your home listing expired, or was it withdrawn without a sale? 😭
If so, don’t give up! We may be able to help.
Watch for a few of our top tips for sellers. Then read our latest blog post to learn more about how to rethink your approach to selling your home.
This marketing piece is not intended as a solicitation for properties currently in an exclusive agreement with another Broker.
📲 949.770.9888
OC Housing Report: Supply Dilemma
Posted 3/13/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Supply Dilemma
In the past few years, there has been a severe inventory crisis initially instigated by the pandemic and now due to the high mortgage rate environment.
Lack of FOR-SALE Signs
Since the pandemic, there have not been enough homes available, and 2023 is no different.
Active Listings
The active inventory continued to fall, declining by 4% in the past couple of weeks.
Demand
As rates increased in the past month, demand stopped surging and dropped by 2% in the past couple of weeks.
Luxury End
Luxury demand surged in the past couple of weeks.
Below is a Snap Shot of the current OC Housing Report: Supply Dilemma
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
Online Home Value Calculators
Posted 3/8/23
Information provided by The Paperless Agent
Wondering how the roller coaster ride of the real estate market has affected the value of your home? 🎢
Don’t get too excited (or worried) about your home’s Zestimate or the value you find on another online calculator. While these tools can give you a sense of whether prices in your area are trending up or down, when it comes to individual homes, they can miss the mark.
No matter how much data these calculators crunch, they can’t take into account the intangibles of your property: the condition of your space, the updates and upgrades you’ve made, or the features that are (or aren’t) popular in your area.
That’s where Real Estate agents come in. We’re experts on the local market and know what buyers are willing to pay for a home like yours.
Curious about what your house is worth right now? To receive a full detailed home value analysis or answers to any Real Estate questions you may have give us a call! We are here to help!
📲 949.770.9888
🪧 DRE#00767891
My Home Didn’t Sell! Now What?
Posted 3/6/23
Information provided by The Paperless Agent
It’s every home seller’s nightmare—your house sat on the market for months with no bites.
If you’re in this situation, don’t panic. We’ve outlined the top reasons homes don’t sell, and we’re here to help you address them.
📅 Bad timing. Everything from the time of year to economic factors can make it harder to move inventory.
📸 Ineffective marketing. If you didn’t get many showings, your listing description and photos may need a redo.
🏡 Poor first impression. If buyers were visiting but not biting, you may need to reassess your home’s staging and curb appeal.
💰 Price was too high. The housing market is changing fast, and it’s essential to keep your price in line with buyer expectations.
🧑 You hired the wrong agent. If you feel that your previous listing agent didn’t do enough to sell your home, or you didn’t hire one in the first place, it may be time for a fresh perspective.
Read our latest blog post to learn more about why your home didn’t sell and what you can do about it ➡️ http://bit.ly/3YsKv4V
This marketing piece is not intended as a solicitation for properties currently in an exclusive agreement with another Broker.
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5 Questions to Ask Your Mortgage Lender
Posted 3/1/23
Information provided by The Paperless Agent
Are you thinking about buying a home in the near future? If so, it’s time to get your finances in order. Here are the top questions to ask your mortgage lender.
If you’re preparing to purchase but don’t have a mortgage broker or lender yet, don’t panic! Reach out for a referral to one of our trusted partners.
📲 949.770.9888
🪧 DRE#00767891
#TheWrightTeam #TheWrightHome #realestate #realestateagent #homebuyertips #personalfinance #firsttimehomebuyer #mortgagetips #OrangeCountyrealestate #OrangeCountyrealestateagents #flexiblecommissionstructure #saveoncommissions #fullservicerealestatecompany
OC Housing Report: Rates Pave Path For Housing
Posted 2/27/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Rates Pave Path for Housing
It is all about rates in the housing market, from the number of homeowners willing to sell to the volume of buyers able to afford to purchase.
Mortgage Rates
Not only do rates affect buyers, but they also impact the number of sellers.
Active Listings
The active inventory continued to fall, declining by another 5% in the past couple of weeks.
Demand
Demand soared by 18% in the past couple of weeks.
Below is a Snap Shot of the current OC Housing Report: Rates Pave Path For Housing
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Hidden Costs of a Home Purchase
Posted 2/21/23
Information provided by The Paperless Agent
Purchasing a home is exciting—but your down payment isn’t the only financial requirement to prepare for. Factor these potential costs into your homebuying budget to avoid an expensive surprise.
Not every homebuyer will face all of these costs, but it’s important to be aware of what might come up during the purchase and move-in process.
Whatever your specific situation, we’re here to help. Reach out to schedule a free consultation today!
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OC Housing Report: Housing Starting To Flex
Posted 2/13/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Housing Starting to Flex
After an extremely slow end to 2022, buyers are returning to the housing arena, demand is already up sharply, and market times are plunging fast.
Buyer Demand Coming Back
Pending sales are surging higher as housing bounces back from very low levels.
Below is a Snap Shot of the current OC Housing Report: Housing Starting To Flex
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
OC Housing Report: Turning Up The Heat
Posted 1/24/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Turning Up The Heat
With all the distractions of the holidays now in the rearview mirror, the housing market is about to heat up as demand soars and market times fall.
The Winter Market
The Winter Market is characterized by slowly rising supply, surging demand, and a fall in market times.
Demand
Demand increased by 4% in the past couple of weeks.
Luxury End
The luxury market has improved over the past couple of weeks.
Below is a Snap Shot of the current OC Housing Report: Turning Up The Heat
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
OC Housing Report: Sluggish Intro to 2023
Posted 1/11/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Sluggish Intro to 2023
Unlike the insane, incredibly hot starts to 2021 and 2022, this year’s start is much different with very little demand, a muted inventory, and pre-pandemic market times.
2023 Start: With very little demand and a subdued inventory, real estate activity will be suppressed as the year gets underway.
WARNING TO SELLERS: If you are holding out for the Spring Market in anticipation of a quick sale and a price higher than the last comparable sale, that simply will not happen. Instead, sellers will be looking at a much more sluggish market with muted demand and buyers taking their time to purchase. Proper pricing is crucial to find success.
WARNING TO BUYERS: While home values may be falling right now, lowball offers are a waste of everybody’s time including your own. Distressed sellers, foreclosures, and short sales are NOT components of today’s market. There is a real lack of panic selling. Most sellers do not have to sell, so there will not be major “deals” like there were during the Great Recession.
Below is a Snap Shot of the current OC Housing Report: Sluggish Intro to 2023
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
Cut Your Energy Cost Day
Posted 1/9/23
Information provided by The Paperless Agent
January 10 is National Cut Your Energy Costs Day! 💡
How are you keeping your utility bills down this winter? Here are a few ideas:
⚡ Upgrade old appliances. When you shop, look for the Energy Star rating to ensure your new washing machine, dishwasher, or oven are as efficient as possible.
⚡ Switch to LED lightbulbs. These use just 8 watts to produce the same brightness as a 60-watt incandescent bulb, and today’s LEDs come in all shades and levels of warmth.
⚡ Keep an eye on the thermostat. Be sure to turn down the temperature when you’re out or invest in a programmable smart version.
⚡ Check the seals on doors and windows. Try weatherstripping or caulk as a short-term fix, or consider bringing in a professional to assess trouble areas.
⚡ Wash clothes in warm or cool water. You’ll slash the energy used for each load while prolonging the life of your clothes.
Wondering which energy-saving home improvements will have the biggest impact on your home’s value? Reach out for a free consultation.
📲 949.770.9888
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OC Housing Report: A 2023 Forecast
Posted 1/5/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: A 2023 Forecast
HAPPY NEW YEAR!!! Now, what does that mean for Orange County real estate? First, let us look back at what happened in 2022 in terms of inventory, demand, luxury properties, and the Expected Market Time.
Active Inventory
After starting the year with a record low number of available homes to purchase, the inventory soared higher but is still far below pre-pandemic levels.
Demand
After two years of heightened demand due to historically low mortgage rates, demand did an about face and fell to its lowest levels since the Great Recession.
Luxury End
The luxury home market was at a record pace but fell short by 11% through November as luxury slowed substantially to wrap up the year.
Expected Market Time
The amount of time it took to sell a home continued to grow longer as the year progressed.
The 2023 Forecast
A subdued year for housing.
Below is a Snap Shot of the current OC Housing Report: No Crash in Sight
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
New Year’s Resolutions for Home Sellers
Posted 1/3/23
Information provided by The Paperless Agent
Add these 3 New Year’s Resolutions to your list if you’re thinking about selling your home in 2023. 🏠
Whether you’re ready to list or just starting to think about selling, don’t hesitate to reach out for a consultation!
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3 Reasons to Sell in Winter
Posted 12/19/22
Information provided by The Paperless Agent
❄️Winter can be a great time to sell a home.
Watch this video for 3 great reasons to list your home this season. Then reach out for a free home value assessment!
Howl-o-ween 2022
Posted 11/9/22
#TheWrightTeam #howloween2022 #furryfriendparty #trickortreat #weloveourpets #petparents #helpusellwright #platinumedgeproperties #realestateagents #orangecountyrealestateagents
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