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DiGonzini Group | Orange County Real Estate Company

DiGonzini Real Estate Group at Keller Williams

Recessions come and go…but where are we now in the real estate cycle?

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Real Estate Stages Repeat Again and Again

But where are we now?

The real estate market is either going up, coasting, or going down. It’s a cycle that will always repeat.
We are coming out of the recession into a period of growth, hope, and relief.
During this time, there are common factors that prove true every cycle:
  • Increased rents and cash flows
  • The length of time to sell a property reduces
  • Property prices begin to increase
  • Much confusion in the media reigns about whether recent property value growth is sustainable
  • Many potential property purchasers delay buying because they evidenced value falls or a slow market in the preceding slump.
  • The cycle continues
After this time of recovery, the cycle will move to the opposite of a recession at a point of euphoria:
  • Rents rise to levels which place significant financial pressure on tenants
  • The time it takes for a property to sell after being listed for sale reduces markedly
  • Property prices rise
  • Yields fall as prices rise proportionally more than rents rise
  • There are few mortgagee/forced sales
  • Property finance is easy to obtain and there are a number of new lending products making borrowing easier
  • People borrow against their increased house values and spend this money on consumer items (TVs, boats, holidays, cars, etc.)
  • There are many property seminars competing for investor dollars
  • Property is a hot topic in the media. Initially there is much speculation about how price growth will continue, but later in the Boom the media turns its attention to the reduced affordability of property
  • There is a lot of discussion about how this Boom will never end i.e. “it is different this time” and expectations that there will be no subsequent Slump phase

Don’t miss your opportunity to buy your first home, trade for a bigger home or simply downsize. Call for a free consultation at (949) 682-9930 or contact us . If you don’t live Orange County, we are connected with great agents in different cities and countries. There’s a good chance we have connections with agents near you. So contact us and our team will help you with your real estate needs or we will introduce you the right agent for you.

WARNING!!! DANGERS OF OVERPRICING AND UNDERPRICING YOUR HOME

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When putting your home on the market, the main question most have is “How much should I price my home for?” Don’t just throw out a price and see what you can reel in with it.
 

Price too high and nobody will bite, but price too low and you will could lose thousands of dollars from the potential value of your home. So what tool is best to find out how to price your home effectively?

 

The best tool to use for this is actually a person, a real estate professional to be more precise. The right agent will know how much homes in your area were recently purchased at and know the local market conditions. They can then evaluate the price per square foot of your home based on local sales, then add or subtract to that price per square footage based on things like house condition, number of baths and bedrooms, furnished basement and/or attic, cosmetic status, curb appeal, energy efficient, etc. 
 
If you want an aggressive and through real estate team, please call us at (949) 682-9930. If you don’t live Orange County, we are connected with great agents in different cities and countries. There’s a good chance we have connections with agents near you. So contact us and our team will help you with your real estate needs or we will introduce you the right agent for you.

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5 Steps to House-Selling Success

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  5 Steps to House-Selling Success

The Essential Steps That

WILL SELL YOUR HOUSE!

Step 1: PREPARE TO SELL

 

 Ask yourself: If you were buying this home what would you want to see? The goal is to show a home which looks good, maximizes space and attracts as many buyers

While part of this step relates to repairs, painting and other home improvements, this is also a good time to ask why you really want to sell.

Selling a home is an important matter and there should be a good reason to sell — perhaps a job change to a new community or the need for more space. Your reason for selling can impact the negotiating process so it’s important to discuss your needs and wants in private with the Realtor who lists your home.


Step 2: GET A REALTOR
There are more than 2 million people nationwide who have licenses to sell real estate, of which about over 1 million members belong to the National Association of Realtors (NAR). Only NAR members are entitled to use the term “Realtor.” NAR members must adhere to a strict Code of Ethics. By joining NAR, individuals have access to a wide range of classes, seminars and certification opportunities.Once your home is listed with a Realtor, he or she will immediately begin to market your home.

 Step 3: PRICING
In considering home values, several factors are important including: local sale prices, supply and demand, community job base, population fluctuation, how fast you want to sell, etc. Also keep in mind that the price goes beyond just the sell price as you have to consider allowances for scenarios like roof repairs, funding two mortgage points, re-painting the entire house and if you leave items behind like the washer and dryer. Because all transactions are unique there is flexibility in the marketplace. The amount of flexibility depends on local conditions. Experienced Realtors have handled many transactions, they’re familiar with the terms and conditions that went into individual sales, not just published sale prices which may not reflect various premiums, discounts and adjustments.

Step 4: MARKETING
 This is where the beauty of having an extraordinary real estate agent becomes vital. Realtors can explain what repairs and upgrades are required for individual homes which are most likely to produce the best results. Agents will execute strategies and programs to get the home sold. Typically this includes placement on the local MLS and Realtor.com as well as related marketing, advertising and networking.

Step 5: CLOSE THE SALE
Realtors assist owners in the bargaining process, offering advice and counsel as offers are received and by working closely with legal counsel, tax specialists and inspectors as required.Once a contract for the purchase of a home has been accepted, a series of inspections and checks are typically required to satisfy buyers and lenders. Real estate agents can help owners complete the transaction process by assisting with the many requirements found in a typical sale agreement.
Real estate bargaining typically involves compromises by both sides. It’s not war; it’s not winner-take-all; and it’s not the time to take personally any comments made by purchasers.
      Instead, negotiating should be seen as a natural business process; buyers should be treated with respect; and owners should never lose sight of either their best interests or their baseline transaction requirements. These are the standards unique to each owner, which must be met before the home can be sold. The seller and their Realtor will need to carefully review offers, consider marketplace options and then determine whether an offer is acceptable.
If you want an aggressive and through real estate team, please call us at (949) 682-9930 . If you don’t live Orange County, we are connected with many great agents in different cities. There’s a good chance we have connections with agents near you. So contact us and our team will help you with your real estate needs or we will introduce you the right agent for you.

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Our goal is to help you make your real estate dreams a reality!

Let the DiGonzini team help you buy, sell or investment in your next property.

Office Location

Orange County
800 Newport Center Dr. #150
Newport Beach, CA 92660
Call: (949) 607-8543

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DiGonzini Group

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