OC Register Hosts Home Seller Seminar
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OC Register Hosts Home Seller Seminar Learn about the pros and cons of selling this Spring. Hear from our panel of experts on hand to answer questions about capital gains tax, transferring your property tax basis, finding your next home and how those 62+ may be able to buy their next home with a reverse mortgage. Home owners interested in learning about the local real estate market are invited to attend a free seminar hosted by The Orange County Register. The 90-minute class will be held on Wednesday, March 29 from 1:00 – 2:30 pm at The Orange County Register, 625 N. Grand Ave., Santa Ana. The event is free to Orange County homeowners (no Realtors please) but seating is limited so please reserve your seats before Tuesday, March 28 by calling 714-796-3616, or RSVP on line at: ocregister.com/sections/ homesellerworkshop. Speaking at the event will be a panel of experts including officials from Coldwell Banker. The panel will also include mortgage, escrow and title experts. Local market conditions are heating up with more sellers listing their homes for sale and buyers rushing to buy before interest rates climb. Selling during a seller’s market has its advantages including: • Higher sale prices, more equity to fund your next purchase or retirement. • Selling your home faster, eliminating much of the hassle. • Less need to upgrades and major remodeling • Multiple offers, less need to offer buyer’s concessions. • Less competition from other homes sellers. Mortgage rates remain lower than historical levels, making housing in Orange County more affordable. Home prices have risen steadily over the past 3 years so that today most home values are at or above pre-recession levels. The Federal Reserve increased in December the rates banks pay. A strong stock market in January has also prompted an increase in mortgage rates. What impact will higher mortgage payments have on home values in Orange County. Find out what local Realtors and lenders predict will happen over the next few months. Home sellers 62+ will hear details about how to use a Home Equity Conversion Mortgage to purchase their next home with 30-50% down and never make a monthly
mortgage payment. Learn what it takes to qualify and to find out if a Reverse Mortgage HECM loans is right for you. Many home sellers are also concerned about how much they will have to pay in capital gains taxes when they sell their home. Homeowners are entitled to tax breaks when they sell their primary residence. Learn about the rules and what it takes to qualify for exclusions on the first $250,000 for single and $500,000 for couples. A tax professional will be on hand to answer your questions. “Buyer demand is strong but we continue to see more than 200 price reductions each week,” according to Dan Walker, Real Estate Sales Director for the Orange County Register. “Today’s buyers are smart and they seem to ignore homes that are priced over fair market value.” Find out how to price your home so that multiple buyers are interested in making offers. Zillow and other sources offer advice on current home values. “These sources often post values that are much higher or lower than what the market will bear”, Walker said. Our speakers will discuss more accurate ways to determine the price for your home. Many homes in Orange County were built in the 60’s and 70’s and may have kitchens and bathrooms that are outdated. How does that impact demand for these homes? Should home owners invest time and money to remodel before they sell? What are the costs associated with selling a home in Orange County? What are the tax implications? “Our panel will discuss topics like these for about 60 minutes, and then we will open it up for 30 minutes of questions from the audience,” Walker said.
OC Register Hosts Home Seller Seminar Learn about the pros and cons of selling this Spring. Hear from our panel of experts on hand to answer questions about capital gains tax, transferring your property tax basis, finding your next home and how those 62+ may be able to buy their next home with a reverse mortgage. Home owners interested in learning about the local real estate market are invited to attend a free seminar hosted by The Orange County Register. The 90-minute class will be held on Wednesday, March 29 from 1:00 – 2:30 pm at The Orange County Register, 625 N. Grand Ave., Santa Ana. The event is free to Orange County homeowners (no Realtors please) but seating is limited so please reserve your seats before Tuesday, March 28 by calling 714-796-3616, or RSVP on line at: ocregister.com/sections/ homesellerworkshop. Speaking at the event will be a panel of experts including officials from Coldwell Banker. The panel will also include mortgage, escrow and title experts. Local market conditions are heating up with more sellers listing their homes for sale and buyers rushing to buy before interest rates climb. Selling during a seller’s market has its advantages including: • Higher sale prices, more equity to fund your next purchase or retirement. • Selling your home faster, eliminating much of the hassle. • Less need to upgrades and major remodeling • Multiple offers, less need to offer buyer’s concessions. • Less competition from other homes sellers. Mortgage rates remain lower than historical levels, making housing in Orange County more affordable. Home prices have risen steadily over the past 3 years so that today most home values are at or above pre-recession levels. The Federal Reserve increased in December the rates banks pay. A strong stock market in January has also prompted an increase in mortgage rates. What impact will higher mortgage payments have on home values in Orange County. Find out what local Realtors and lenders predict will happen over the next few months. Home sellers 62+ will hear details about how to use a Home Equity Conversion Mortgage to purchase their next home with 30-50% down and never make a monthly
mortgage payment. Learn what it takes to qualify and to find out if a Reverse Mortgage HECM loans is right for you. Many home sellers are also concerned about how much they will have to pay in capital gains taxes when they sell their home. Homeowners are entitled to tax breaks when they sell their primary residence. Learn about the rules and what it takes to qualify for exclusions on the first $250,000 for single and $500,000 for couples. A tax professional will be on hand to answer your questions. “Buyer demand is strong but we continue to see more than 200 price reductions each week,” according to Dan Walker, Real Estate Sales Director for the Orange County Register. “Today’s buyers are smart and they seem to ignore homes that are priced over fair market value.” Find out how to price your home so that multiple buyers are interested in making offers. Zillow and other sources offer advice on current home values. “These sources often post values that are much higher or lower than what the market will bear”, Walker said. Our speakers will discuss more accurate ways to determine the price for your home. Many homes in Orange County were built in the 60’s and 70’s and may have kitchens and bathrooms that are outdated. How does that impact demand for these homes? Should home owners invest time and money to remodel before they sell? What are the costs associated with selling a home in Orange County? What are the tax implications? “Our panel will discuss topics like these for about 60 minutes, and then we will open it up for 30 minutes of questions from the audience,” Walker said.
