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Coronavirus And The Housing Market
With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can put your best foot forward – quickly and efficiently – if you’re planning to buy
The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here’s a look at each one. 1. Ivy Zelman’s Real Estate Broker Survey The survey explains that purchaser demand remains strong: “This month’s overall
Some Highlights A recent study shared by NAR notes that both buyers and sellers think an agent is more helpful than ever during the current health crisis. Expertise and professionalism are highly valued and can save buyers and sellers time and effort along the way. If you’re thinking of buying or selling a home this
Other Real Estate Market Info
Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale. Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but
Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following: Housing Demand – Growth in online search activity Home
How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in their homes for an average of 10 years. That’s a long time
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Meet Richard Wamsat
Author, Creator, Relentless Innovator of the Real Estate Industry
In 2002 I obtained my real estate license after studying at The California School of Real Estate. I passed the state licensing exam on my first attempt, later learning that it takes the average agent several tries before passing.
In 2009 I earned the designation of “Certified Distressed Property Expert” (CDPE) and the National Association of Realtor’s “Short Sale & Foreclosure Resource” (SFR) designation. During the “Great Recession” I helped families who were upside down and owed more than their home was worth negotiate with their bank to either save their home or allow them to sell it. Many of them had lost their job in the recession, gotten a divorce, or had fallen ill and could no longer afford their mortgages (some had payments that doubled).
I also hold NAR’s “At Home with Diversity” (AHWD) certification which allows me to work effectively with and within today’s increasingly diverse pool of buyers and sellers. With the AHWD designation, you can feel confident in my expertise that transcends cultural barriers.
In 2013 I earned the designation of “Certified Negotiation Expert” (CNE). According to a survey by the National Association of Realtors both home sellers and home buyers ranked negotiation skills high on their list of important skills when choosing a Realtor. Yet the state licensing exam teaches you nothing about how to negotiate on behalf of your clients. Worse yet, most agents are just winging it. This is why I sought out The Real Estate Negotiation Institute who’s founder and instructor was trained at Harvard and Wharton. The principles I learned were similar to what attorneys are taught in order to effectively negotiate for their clients.
In 2015 I graduated to the “Master Certified Negotiation Expert” (MCNE) designation. Putting me in an elite group since less than 1% of Realtors nationwide hold this designation.
Ready to work with me?
I would love to see how I can help you achieve your real estate goals. I work with clients in all price ranges from condos to mansions, and from first-time buyers to seasoned investors.