Preview Orange County Real Estate Blog - The Aaronson Group

The Biggest Mistakes Sellers Are Making Right Now

  The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity while the supply of homes for sale grows. 
You may not realize that if you aren't working with an agent. Here's the downside: If you are not informed, you can adjust your strategy or expectations to today's market, leading to costly mistakes. 
Here's a look at some of the most common ones—and how The Aaronson Group can help you avoid them when you sell.  
1. Overpricing your house 
Many sellers set their asking price too high, so there's an uptick in homes with price reductions today. An unrealistic price will deter potential buyers, cause an appraisal issue, or lead to your house sitting on the market longer. An article from…

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Housing Market Forecast: What’s Ahead for the 2nd Half of 2024

  As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales. 
Home Prices Are Expected To Climb Moderately  Home prices are forecasted to rise at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sources in the industry: 
    The reason for continued appreciation? The supply of homes for sale. Jessica Lautz, Deputy Chief Economist at the National Association of Realtors (NAR), explains: 
“One thing that seems pretty solid is that home prices are going to continue to go up because we don’t have housing inventory.”    While inventory is up compared to the last few years, it’s still low overall. And because…

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Should I Sell This Summer or Wait?

  Predicting the housing market can be challenging, but we at #theaaronsongroup do have valuable insights to share. Many of our clients reach out for help in navigating the current housing market.   Common questions we receive: - Should I sell now or later? - Will interest rates drop and how will this affect prices?   Inventory is already up 30% compared to 2023; experts predict the number of homes entering the market will continue to rise. We may finally be breaking out of the historically suppressed level of inventory since the Pandemic. This trend will likely impact the appreciation of your home's value. However, real estate trends are highly localized, it’s important to stay…

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Real Estate Is Still the Best Long-Term Investment [INFOGRAPHIC]

• If your needs have changed, now’s a great time to sell and get the features you want most.
• Many buyers are eager to move between the school years, so you may see a faster sale, multiple offers, a higher final sales price, and more.
• If you want to get your house ready for a summer listing, connect with The Aaronson Group for any questions or concerns. Call: 949-388-5194 or email info@previewochomes.com

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The Sweet Spot for Buying Luxury Homes

If you’ve been looking for a home at the high end of your market but haven’t found the right one, you may have put your search on hold. But according to recent data, now may be the time to jump back in. Here’s why. 

There Are More Luxury Homes To Choose From 
What’s considered the top-end of the market, or a luxury home, will always vary by location. But generally speaking, their homes are valued in the top 5% of any market. According to a recent report from the Institute for Luxury Home Marketing, the selection of luxury homes is increasing (see graph below): 

As the graph shows, more single-family luxury homes are available now than a year ago. There are even more than there were just a month ago. This increase means you should have a…

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The Sun Is Shining on Sellers This Summer [INFOGRAPHIC]

Some Highlights

• According to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years.
• That’s because a home is so much more just than a roof over your head. It’s also an asset that typically grows in value over time. 
• If you’ve been debating if it makes more sense to rent or buy, connect with The Aaronson Group to talk about why homeownership can be a better bet in the long run. Call us at 949-388-5194 or email us at info@previewochomes.com

• If your needs have changed, now’s a great time to sell and get the features you want most.
• Many buyers are eager to move between the school years, so you may see a faster sale, multiple offers, a higher final sales price, and more.
…

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Now’s a Great Time to Sell Your House

Thinking about selling your house? If you are, you might be weighing factors like today’s mortgage rates and your own changing needs to figure out your next move. 

Here’s something else to consider. According to the latest home purchase sentiment index (HPSI) from Fannie Mae, the percent of respondents who say it’s a good time to sell is on the rise (see graph below): 

Why are sellers feeling so optimistic? 

One reason why is because right now is traditionally the best time of year to sell a house. A recent article from Bankrate says: 

“Late spring and early summer are generally considered the best times to sell a house. . .. While today’s rates are relatively high, low inventory is keeping sellers in the…

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Myths About the 2024 Housing Market [INFOGRAPHIC]

• When it comes to the current housing market, there are some myths circling around right now.
• Some of the more common ones are that it’s better to wait for mortgage rates to fall or prices to crash. But there are others about the supply of homes for sale and down payments. 
• Lean on The Aaronson Group to help separate fact from fiction in today’s housing market.
• Expert advice from The Aaronson Group is priceless.  Contact The Aaronson Group. Call 949-388-5194  Email: info@previewochomes.com

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Top 5 Reasons To Hire an Agent When Buying a Home [INFOGRAPHIC]

• Hiring The Aaronson Group when buying a home helps you understand the buying process and the local market. 

• We also go over contracts and fine print with you, so you understand what you're agreeing to. Plus, we're good at negotiating, making sure you get the best deal. 

• Expert advice from The Aaronson Group is priceless.  Contact The Aaronson Group. Call 949-388-5194  Email: info@previewochomes.com

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The Best Week To List Your House Is Almost Here

Are you thinking about moving? If so, now may be the perfect time to start the process. Experts say the best week to list your house is just around the corner.

A recent Realtor.com study looked at housing market trends over the past several years (except for 2020, since it was an unusual year) and found the best week to put your house on the market this year is April 14-20:
“Every year, one week stands out from the rest as the perfect time to be a home seller. This year, the week of April 14–20 is the best time to sell—that is, if sellers want to see lots of interest in their homes, sell quickly, and pocket some extra cash, according to Realtor.com® data.”

Here’s why this matters for you. While the spring market is a great time to sell, this…

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