The Orange County housing market is shifting. Rising mortgage rates are causing buyer activity to moderate, while the number of homes for sale is on the rise.
This changing landscape can be tricky for both buyers and sellers. That’ why working with a local Surterre real estate specialist is crucial! Keep reading to learn what mistakes to avoid, whether selling or buying.
Sellers: Don’t Fall for These Common Mistakes
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Overpricing Your Home: Too high an asking price is a recipe for trouble. It can deter potential buyers and lead to your house sitting on the market longer. An experienced Surterre agent will use data on similar sales, your home’s condition, and local trends to find the sweet spot that attracts offers and gets you a faster sale.
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Skipping the Small Stuff: Visible (even minor) repairs can turn off buyers and result in lower offers. A Surterre agent will do a thorough walk-through and identify areas that need attention before showcasing your home.
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Taking Things Personally: Today’s buyers might offer less than your ideal price. Don’t let emotions cloud your judgment. Surterre agents will guide you through negotiations, ensuring a fair and successful outcome.
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Being Unprepared to Negotiate: With more homes on the market, buyers have leverage. Be open to negotiating on closing costs, repairs, or other factors. Your Surterre agent will help you understand your options and make informed decisions.
Buyers: Avoid These Pitfalls
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Skipping Pre-Approval: Waiting for pre-approval can put you at a disadvantage. A Surterre agent can connect you with lenders to get pre-approved quickly, so you can move fast when you find your dream home.
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Holding Out for Perfection: Don’t miss out on the perfect home because you’re waiting for something flawless. Surterre agents can help you find a home that meets your needs and prioritize the features most important to you.
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Overextending Yourself: Don’t let affordability concerns fall by the wayside. Surterre agents will help you determine a comfortable budget and ensure your monthly payments fit your financial picture.
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Going Solo: Real estate agents are seasoned pros with valuable market knowledge and negotiation skills. Partnering with a skilled Surterre agent saves you time, stress, and potentially even money.
Ready for a smooth move? Don’t navigate the Orange County market alone! Surterre real estate specialists are dedicated to guiding you through the process, whether you’re buying or selling. Contact us today at SurterreProperties.com and let’s achieve your real estate goals together! You can also explore our exclusive listings now.
