Orange County Register Hosts Buyer and Seller Education Seminar
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Orange County Register Hosts Buyer and Seller Education Seminar
The spring buying season is here and the Orange County real estate market is making a dramatic change. Learn about the pros and cons of buying and selling now. Our panel of experts will also talk about finding and buying your next home, rental income exit strategies and how sellers 62+ may be able to buy their next home with a reverse mortgage. Homeowners 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 Wed., March 29 from 1:00-2:30 pm at The Orange County Register, 625 N. Grand Ave, Santa Ana. The event is free to buyers and sellers (no brokers please) but seating is limited so please call 714-796-6867 today to reserve your seats before Tuesday, March 28. Dan Walker, Real Estate Sales Director for The Register will moderate the event. Over the past 3 weeks the OC market has seen a sudden spike in the number of new listings. This is common with the advent of spring. Buyers are welcoming this increase in inventory as demand remains high. Local Realtors say this is still a seller’s market and that selling in these conditions has its advantages including: • Higher sale prices, more equity to fund your next home purchase or retirement. • Selling you home faster, often with less stress and hassle. • Multiple offers, less pressure to offer or accept buyer concessions. • Less competition from other home sellers • Less need for upgrades and majoring remodeling “Inventory remains low by historical standards,” Walker said. Coupled with high buyer demand, the median home price in February rose to $629,000, up 4.8% to last year. Positive economic trends recently prompted the Federal Reserve to increase the interest rates it charges banks. The Fed indicated that other rate increases are planned for later this year. As interest rates rise they impact the amount of money buyers can borrow, ultimately affecting home sale prices. Find out what local Realtors and lenders predict will happen to home values over the next few months. Many sellers wonder about the challenges of buying their next home. With inventories tight and multiple offers, the task can seem daunting. Our panel will speak to approaches for finding the home that meets your needs and techniques for getting your offer accepted over others. With inventories tight, many buyers are turning to New Homes with many options in Orange County and areas nearby. With so many choices how do you get started?
Home sellers 62+ will hear details on about to use a reverse mortgage (Home Equity Conversion Mortgage) to purchase their next home with 30-50% down but never make a monthly mortgage payment. Learn what it takes to qualify and to find out if a Reverse Mortgage HECM loan is right for you. “At recent home seller classes there have been a lot of questions about selling rental income properties,” according to Walker. “What are some of the important considerations in deciding on exit strategies? A portion of the home seller class will be devoted to that topic,” Walker said. Many homeowners are also concerned about capital gains taxes when they sell their home. Learn about the rules and what it takes to qualify for exclusions for the first $250,000 for single and $500,000 for couples. Our panel will include a tax professional to answer your questions. How do home sellers arrive at an accurate fair market value for their home? Buyer demand is strong but every week we see hundreds of homes with price reductions. Today’s buyers seem to ignore homes that are priced too high. Zillow and other sources offer advice on home values. Many Realtors say these sources may post values that are much higher or lower than what the market will bear. Our speakers will address this issue and more accurate ways to determine your home’s value. Finally, many homes in Orange County were built in the 60’s and 70’s and many have kitchens and bathrooms that are outdated. How does this impact demand for you home? Our panel will speak on topics like these for 60 minutes and then we will allow 30 minutes for questions from the audience.
Orange County Register Hosts Buyer and Seller Education Seminar
The spring buying season is here and the Orange County real estate market is making a dramatic change. Learn about the pros and cons of buying and selling now. Our panel of experts will also talk about finding and buying your next home, rental income exit strategies and how sellers 62+ may be able to buy their next home with a reverse mortgage. Homeowners 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 Wed., March 29 from 1:00-2:30 pm at The Orange County Register, 625 N. Grand Ave, Santa Ana. The event is free to buyers and sellers (no brokers please) but seating is limited so please call 714-796-6867 today to reserve your seats before Tuesday, March 28. Dan Walker, Real Estate Sales Director for The Register will moderate the event. Over the past 3 weeks the OC market has seen a sudden spike in the number of new listings. This is common with the advent of spring. Buyers are welcoming this increase in inventory as demand remains high. Local Realtors say this is still a seller’s market and that selling in these conditions has its advantages including: • Higher sale prices, more equity to fund your next home purchase or retirement. • Selling you home faster, often with less stress and hassle. • Multiple offers, less pressure to offer or accept buyer concessions. • Less competition from other home sellers • Less need for upgrades and majoring remodeling “Inventory remains low by historical standards,” Walker said. Coupled with high buyer demand, the median home price in February rose to $629,000, up 4.8% to last year. Positive economic trends recently prompted the Federal Reserve to increase the interest rates it charges banks. The Fed indicated that other rate increases are planned for later this year. As interest rates rise they impact the amount of money buyers can borrow, ultimately affecting home sale prices. Find out what local Realtors and lenders predict will happen to home values over the next few months. Many sellers wonder about the challenges of buying their next home. With inventories tight and multiple offers, the task can seem daunting. Our panel will speak to approaches for finding the home that meets your needs and techniques for getting your offer accepted over others. With inventories tight, many buyers are turning to New Homes with many options in Orange County and areas nearby. With so many choices how do you get started?
Home sellers 62+ will hear details on about to use a reverse mortgage (Home Equity Conversion Mortgage) to purchase their next home with 30-50% down but never make a monthly mortgage payment. Learn what it takes to qualify and to find out if a Reverse Mortgage HECM loan is right for you. “At recent home seller classes there have been a lot of questions about selling rental income properties,” according to Walker. “What are some of the important considerations in deciding on exit strategies? A portion of the home seller class will be devoted to that topic,” Walker said. Many homeowners are also concerned about capital gains taxes when they sell their home. Learn about the rules and what it takes to qualify for exclusions for the first $250,000 for single and $500,000 for couples. Our panel will include a tax professional to answer your questions. How do home sellers arrive at an accurate fair market value for their home? Buyer demand is strong but every week we see hundreds of homes with price reductions. Today’s buyers seem to ignore homes that are priced too high. Zillow and other sources offer advice on home values. Many Realtors say these sources may post values that are much higher or lower than what the market will bear. Our speakers will address this issue and more accurate ways to determine your home’s value. Finally, many homes in Orange County were built in the 60’s and 70’s and many have kitchens and bathrooms that are outdated. How does this impact demand for you home? Our panel will speak on topics like these for 60 minutes and then we will allow 30 minutes for questions from the audience.
