Preview Orange County Real Estate Blog - The Aaronson Group

Should You Sell Your House or Rent It Out?

Posted by The Aaronson Group on December 19th, 2024

When you’re ready to move, deciding what to do with your house is a big decision. Today, more homeowners are considering renting their homes instead of selling them. 

Recent data from Zillow shows that about two-thirds (66%) of sellers thought about renting their home before listing, with nearly a third (28%) taking that possibility seriously. Compared to 2021, when fewer than half (47%) of homeowners considered renting before selling, this trend is clearly on the rise. 

So, should you sell your house and use the money toward your next home or keep it as a rental to build long-term wealth? Let’s walk through some important questions to help you determine the right path for your financial and lifestyle goals.    

Is Your House a…

568 Views, 0 Comments

More Homes, Slower Price Growth – What It Means for You as a Buyer

Posted by The Aaronson Group on December 9th, 2024

More homes are on the market now than there have been in years – and that could be a game changer for you if you’re ready to buy. Let’s look at two reasons why. 

You have more options to choose from 

An article from realtor.com helps explain just how much the number of homes for sale has gone up this year: 
“There were 29.2% more homes actively for sale on a typical day in October compared with the same time in 2023, marking the twelfth consecutive month of annual inventory growth and the highest count since December 2019.” 

And while the number of homes on the market still isn’t quite back to where it was in the years leading up to the pandemic, this is an improvement (see graph below): 

With more homes available for sale now,…

2902 Views, 0 Comments

Don’t Let These Two Concerns Hold You Back from Selling Your House

Posted by The Aaronson Group on December 2nd, 2024

If you’re debating whether or not you want to sell right now, it might be because you’ve got some unanswered questions, like if moving really makes sense in today’s market.  Maybe you’re wondering if it’s even a good idea to move right now. Or you’re stressed because you think you won’t find a house you like. 

To put your mind at ease, here’s how to tackle these two concerns head-on. 

Is it even a good idea to move right now? 

If you own a home already, you may have been holding off because you don’t want to sell and take on a higher mortgage rate on your next house. But your move may be a lot more feasible than you think, and that’s because of your equity. 

Equity is the current market value of…

412 Views, 0 Comments

Planning To Sell Your House in 2025? Start Prepping Now

Posted by The Aaronson Group on December 2nd, 2024

 

 If you want to sell your house in 2025, now's the time to start prepping. Even though it might seem like plenty of time between now and the new year, you should get a head start on any updates or repairs you want to make now. As Danielle Hale, Chief Economist at Realtor.com, says: 

". . . now is the time to start thinking about what you need for your next home and then taking those steps to prepare to list . . . We have survey data that says 47 percent of sellers are taking longer than a month to get their home ready to sell, so getting them to start that process early can mean more flexibility." 
By starting your prep work early, you'll give yourself plenty of time to get your house market-ready by the end of the year. But be…

342 Views, 0 Comments

How Do Presidential Elections Impact the Housing Market?

Posted by The Aaronson Group on November 5th, 2024

 

Even if you’re not looking to move right away, you may have questions about how the election will impact the housing market.   When we look at historical trends, combined with what’s happening right now, we can find your answers. Based on historical data, mortgage rates decrease in the months before and home prices and sales increase the year after the election.   The facts show Presidential elections only have a small and temporary impact on the housing market.

 Get in touch with The Aaronson Group today.   Call: 949-388-5194 or email info@previewochomes.com

 

 

1632 Views, 0 Comments

The Latest on the Luxury Home Market

Posted by The Aaronson Group on October 31st, 2024

 

 An Off Market Listing from The Aaronson Group in Corona Del Mar, CA

 

Luxury living is about more than stunning views and cutting-edge smart home technology—it’s about elevating your lifestyle.  Luxury Coastal Properties are The Aaronson Group's specialty.  And if you’re in the market for a million-dollar home, now is an excellent time to explore the thriving luxury market. Here’s why. 

The number of luxury homes is growing 

The top of the market, or luxury homes, can mean different things depending on where you live. However, these homes are generally in the top 5% price range in any area. According to a recent report from Redfin, the average value of those homes has risen to over one million dollars: 
“The median sale…

943 Views, 0 Comments

Should You Sell Now? The Lifestyle Factors That Could Tip the Scale

Posted by The Aaronson Group on October 28th, 2024

 

Are you deciding whether to sell your house now or hold off? It’s a common dilemma, but here’s a pivotal point: your lifestyle might be the most significant factor in your decision. While financial aspects are important, sometimes the personal motivations for moving are reason enough to decide sooner rather than later. 

An annual report from the National Association of Realtors (NAR) explains why homeowners like you chose to sell. All of the top reasons are related to life changes. As the graph below highlights: 

As the visual shows, the most significant motivators were the desire to be closer to friends or family, outgrowing their current house, or experiencing a vital life change like getting married or having a baby. The need…

777 Views, 0 Comments

How To Avoid Today's Top Seller Mistakes

Posted by The Aaronson Group on October 24th, 2024

 

• Want to know some of the top mistakes sellers are making today and how to make sure they don’t happen to you too?
• The biggest missteps are pricing a house too high, skipping repairs, not being objective, and not being willing to negotiate.
• And the best way to avoid falling into any of these traps is to partner with The Aaronson Group and lean on them for advice. 
• Connect with The Aaronson Group. You deserve to have someone you can trust to get the facts.   Call: 949-388-5194 or email info@previewochomes.com

 

 

 

 

861 Views, 0 Comments

Are We Heading into a Balanced Market?

Posted by The Aaronson Group on October 21st, 2024

If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know. 

What is a balanced market? 

A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more balanced market would be a welcome sight for people looking to move. The question is – is that really where the market is headed? 

…

753 Views, 0 Comments

2025 Housing Market Forecasts: What To Expect

Posted by The Aaronson Group on October 17th, 2024

As we move into 2025, we must know what experts are projecting for the housing market. Whether you're considering buying or selling a home next year, having a clear picture of what they're calling for can help you make the best possible decision for your homeownership plans. 

Here's an early look at the most recent projections on mortgage rates, home sales, and prices for 2025. 

Mortgage rates are projected to come down slightly 

Mortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association (MBA), the National Association of Realtors (NAR), and Wells Fargo show an expected gradual decline in mortgage rates over the next year (see chart below): 

…

1021 Views, 0 Comments