Thursday, October 14, 2021

OCTOBER 2021 ORANGE COUNTY REAL ESTATE NEWS

 

Horton Team Real Estate Newsletter
OCTOBER 2021




4 Tips to Help Prep Your Home For Sale This Fall 


Source: Keeping Current Matters, Oct. 4, 2021 

Even in a hot seller's market like today’s in which homes are selling so quickly, it’s still important to make a good first impression on potential buyers. Taking the time upfront to prep your house appropriately can bring in the greatest return on your investment.

Here are four simple tips to make sure you maximize the sale of your house this fall.

1. Price It Right

One of the first things buyers will notice is the price of your house. That’s why it’s important to price it right. Your goal in pricing your house is to draw attention from competing buyers and let bidding wars push the final sales price up. Pricing your house too high to begin with could put you at a disadvantage by discouraging buyers from making an offer.

Your trusted real estate advisor can help you find the price for your home that reflects the current market value. Lean on your agent to help you with this crucial first step.

2. Keep It Clean

It may sound simple, but keeping your house clean is key to making sure it gets the attention it deserves. As realtor.com says in the Home Selling Checklist:

“When selling your home, it’s important to keep everything tidy for buyers. . . . Remember to take special care with the bathroom, making sure the tile, counters, shower, and floors shine.”

Before each buyer visits, assess your space and determine what needs your attention. Wash the dishes, make the beds, and put away any toys. Doing these simple things can reduce any potential distractions for buyers.

3. Make It Easy To Visit

Giving buyers the opportunity to see your house on their schedule can be a true game-changer. Buyers are less likely to make an offer if it’s difficult to plan a tour or they can’t easily fit it into their schedule. Making your house available as often as possible helps create opportunities for more buyers to fall in love with your house.

Rest assured your trusted real estate advisor will keep your health and safety top of mind when buyers tour your home. Agents use the latest guidance to stay up to date on any protocols and sanitization recommendations.

4. Help Buyers Feel at Home

Finally, it’s important for buyers to see all the possible ways they can make your house their next home. As the realtor.com article puts it:

“The goal is to create a blank canvas on which buyers can project their own visions of living there, and loving it.”

An easy first step to create this blank canvas is removing personal items – pictures, awards, and sentimental belongings – from your space. If you’re unsure what should be packed away and what can stay, consult your trusted real estate advisor. Spending the time on this step can pay off in the long run, as the 2021 Profile of Home Staging from the National Association of Realtors notes:

“Eighteen percent of sellers’ agents said home staging increased the dollar value of a residence between 6% and 10%.”

Bottom Line

To make the most of today’s seller's market, avoid the temptation to skip over the essential preparation steps. Connect with us to discuss all the ways you can maximize your home sale.

IN ESCROW

Laguna Beach

1071 Oro Street
Laguna Beach
Representing Seller
Multiple Offers
 


BUYERS SEEKING HOMES

Coastal Orange County

Inventory is still low! We have Buyers seeking the following:

3+ bedroom home in Corona Del Mar, Newport areas

4+ bedroom with west facing ocean views, N. Laguna Beach

3+ bedroom with panoramic ocean views, S. Laguna Beach

3+ bedroom ocean view home in Laguna Beach

2+ bedroom single level cottage, Village or North Laguna 

Duplex in Laguna Beach

 

MARKET STATISTICS

Laguna Beach - October 2021

Active - 98 (Down 12% vs Sep)
Pending - 55 (Down 2% vs Sep)
Sold in September - 50 (Down 10% vs Aug)
Under $1,000,000 - 5
$1,000,000 - $2,000,000 - 6
$2,000,000 - $3,000,000 - 17
$3,000,000 - $5,000,000 - 15
$5,000,000 - $10,000,000 - 6
$10,000,000 or more - 1
Follow Us On Instagram  _amandahorton_

Like Us On Facebook!  HortonsInLaguna
http://www.facebook.com/hortonsinlaguna

 
Learn More

THE HORTON TEAM

AMANDA
HORTON

C 949.422.6122
EMAIL AMANDA
DRE#01357096
 

PAMELA
HORTON

C 949.633.6667
EMAIL PAMELA
DRE#01013024

JACE
HORTON

C 714.833.1730
EMAIL JACE
DRE#02050612

Tuesday, September 14, 2021

SEPTEMBER 2021 ORANGE COUNTY REAL ESTATE NEWS

 

Horton Team Real Estate Newsletter
SEPTEMBER 2021

Increasing inventory spells good news for homebuyers


Source: Fortune.com Sept 7, 2021

New data from Realtor.com shows that the number of homes available for sale inched up 5.7% in August. Since bottoming out this spring, inventory is up 30%.

Rising inventory, of course, gives home shoppers some much needed breathing room. For much of the pandemic, homebuyers have been pitted against one another in the tightest housing market in recent memory. The lack of inventory, which hit at least a 40-year low this year, has spurred bidding wars across the nation.

So why is inventory rising now? Some of it is simply homebuyers pushing back at the unprecedented home price growth; with prices up 24% since the onset of the pandemic; some shoppers are opting to hold their fire. Some of it is seasonality returning to the market; in the summer and fall, would-be buyers get distracted by vacations and the restart of school. (Seasonality was notably absent last year when this boom started.)

There’s also the seller side: The prospect of cashing in on record home prices is quite enticing. “There’s a mentality among some sellers that if they don’t sell now, they’ll miss their opportunity to get top dollar,” Ali Wolf, chief economist at Zonda, a housing market research firm, tells Fortune.

But don't mistake this for a housing crash. Simply put: Demand from buyers still far outmatches supply.

The pandemic saw a perfect storm dry up inventory. More buyers, incentivized by recession-induced low mortgage rates and the work-from-home boom, plunged into the market. Meanwhile, many would-be sellers opted to stay put rather than move during a pandemic. Those factors are still in play and keeping inventory well below pre-COVID levels. Indeed, the 640,700 homes for sale in August on realtor.com is 38% lower than in March 2020.

“There’s been a recent uptick in inventory, but overall supply is still deeply depressed compared to pre-pandemic levels,” Wolf says. “Some existing homeowners, especially those that refinanced, are choosing to hold their home either as their primary residence or as a rental given their reasonable monthly mortgage payment.”



What’s coming next? The mortgage forbearance program, which currently protects 1.7 million homeowners, is set to lapse on Sept. 30. Some of those struggling borrowers will opt to sell rather than restart their monthly payment. That’s expected to translate into another uptick in inventory.

But even with all this cooling, home prices are still expected to rise. CoreLogic, a real estate research firm, forecast a modest 3.2% nationwide appreciation in the coming 12 months. The National Association of Realtors is just a tiny bit more bullish, forecasting a 4.4% uptick. 


BUYERS SEEKING HOMES

Coastal Orange County

Inventory is still low! We have Buyers seeking the following:

3+ bedroom home in Corona Del Mar, Newport areas

4+ bedroom with west facing ocean views, N. Laguna Beach

3+ bedroom with panoramic ocean views, S. Laguna Beach

3+ bedroom ocean view home in Laguna Beach

2+ bedroom single level cottage, Village or North Laguna 

1+ bedroom condo in South or North Laguna

Duplex in Laguna Beach

 

IN ESCROW

Laguna Beach

2841 Ridge Drive
Laguna Beach
Representing Seller
 

MARKET STATISTICS

Laguna Beach - September 2021

Active - 111 (Down 2% vs Aug)
Pending - 54 (Down 14% vs Aug)
Sold in August - 56 (Up 8% vs Aug)
Under $1,000,000 - 6
$1,000,000 - $2,000,000 - 13
$2,000,000 - $3,000,000 - 16
$3,000,000 - $5,000,000 - 16
$5,000,000 - $10,000,000 - 4
$10,000,000 or more - 1
Follow Us On Instagram  _amandahorton_

Like Us On Facebook!  HortonsInLaguna
http://www.facebook.com/hortonsinlaguna

 
Learn More

THE HORTON TEAM

AMANDA
HORTON

C 949.422.6122
EMAIL AMANDA
DRE#01357096
 

PAMELA
HORTON

C 949.633.6667
EMAIL PAMELA
DRE#01013024

JACE
HORTON

C 714.833.1730
EMAIL JACE
DRE#02050612

Monday, August 16, 2021

AUGUST 2021 ORANGE COUNTY REAL ESTATE NEWS

 

Horton Team Real Estate Newsletter
AUGUST 2021

Sellers: Make Today's Home Price Appreciation Work for You  


Source: Keeping Current Matters August 2021 

Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last?

Here’s what three leading industry experts have to say about what lies ahead:

 
Lawrence Yun, Chief Economist, National Association of Realtors (NAR):

“At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expect prices to appreciate at a slower pace by the end of the year.”

Selma Hepp, Deputy Chief Economist, CoreLogic:

“The imbalance between robust demand and dismal availability of for-sale homes has led to a continual bidding over asking prices, which reached record levels in recent months . . . . Nevertheless, with more new listings and new home construction, home price acceleration that has built momentum, and continues to reach new highs, will likely slow later this summer but remain in double digits.”

George Ratiu, Chief Economist, realtor.com:

Many sellers are going to take advantage of higher prices. This summer is going to signal the move to the next chapter, and this will very much be the year they’re going to put their home on the market.”

 

 


BUYERS SEEKING HOMES

Laguna Beach

Inventory is still low! We have Buyers seeking the following:

Duplex in Laguna Beach

2+ bedroom Cottage: Village or North Laguna

3+ bedroom with Panoramic ocean views, South Laguna 


 

IN ESCROW

Laguna Beach

2841 Ridge Drive
Laguna Beach
Closing this month!
Representing Seller
 

MARKET STATISTICS

Laguna Beach - August 2021

Active - 113
Pending - 63
Sold in July - 52
Under $1,000,000 - 1
$1,000,000 - $2,000,000 - 18
$2,000,000 - $3,000,000 - 13
$3,000,000 - $5,000,000 - 14
$5,000,000 - $10,000,000 - 6
$10,000,000 or more - 0
Follow Us On Instagram  _amandahorton_

Like Us On Facebook!  HortonsInLaguna
http://www.facebook.com/hortonsinlaguna

 
Learn More

THE HORTON TEAM

AMANDA
HORTON

C 949.422.6122
EMAIL AMANDA
DRE#01357096
 

PAMELA
HORTON

C 949.633.6667
EMAIL PAMELA
DRE#01013024

JACE
HORTON

C 714.833.1730
EMAIL JACE
DRE#02050612