Throughout the country, spring and summer are when the most serious house hunting takes place. Springtime is, after all, the season when it just feels right to undertake major initiatives—and buying Costa Mesa homes certainly falls into that category.
But if your own school or work calendar doesn’t dictate the timing, there are some good reasons why putting it off until next year may not be in your best interest. Here are four worth considering:
Wealth-building. If you are now renting, the sooner a portion of your monthly housing spend begins to go toward building equity for your own account, the better. All those TV commercials about starting early to save for retirement are reminders of the same immutable truth.
Successful pricing strategies in any endeavor must take the competition into account—so when it comes to right-pricing your Costa Mesa home, that factor is at least as important as any other.
From the seller’s point of view, right-pricing starts with a walk-away number: a price that would be so low it would result in financial hardship. Offers at or below that level are not welcome (although good practice dictates a counter, rather than a true walk-away, which risks bringing emotion into what might otherwise have resulted in an acceptable final offer). At the top of the pricing range are the outlandish pie-in-the-sky prices that never really materialize. Those billionaires who don’t care about their bottom lines also never materialize. As has
Costa Mesa homeowners who had to decide whether or not to put their home on the market this year have had an easy time sizing up the real estate Big Picture. Across the country, prices have been rising steadily but moderately. Sales may be down, but that’s because too few properties are being offered. And the financing picture remains favorable.
Putting it all together, the prices news is good for sellers, the lack of inventory is less good news for buyers—while the low home loan rates is good news for both buyers and sellers. That combination may be a little muddled, but is certainly encouraging for sellers. The big question about the future is what’s likely to change in the coming year?
The single individual who is probably best situated
Real estate is bugging 29 million Americans—and who can blame them? According to Realtor Magazine, more than 10% of U.S. adults say they are losing sleep worrying over residential issues. Area residents might not be part of any rampant insomnia epidemic, but for many, at least some components of Costa Mesa housing costs have been inching up.
The source for these sleeplessness statistics is a recent Bankrate.com survey, which reported on a broad range of housing cost responses. Included were mortgage rate, rental payment, and home price issues. To be perfectly accurate, there were a number of other leading causes for of the sleeplessness findings. Less real estate-focused financial concerns topped the list of money worries—saving enough for