Travis White Newport Beach Realtor has been taking over much of the market in recent years, expanding his presence and doing what many other investors have failed to do – create a competitive and engaging market in the area. Understanding why he continues to grow in the area is crucial for grasping various need-to-know information about real estate in general.
Why Travis White Newport Beach Realtor is Expanding His Market
Over the last couple of years, Travis White Newport Beach Realtor has been investing even more heavily in the area than usual. As a resident of the area, he knows how big a draw coastal properties are for too many buyers. And as Travis White Newport Beach Realtor expands his market presence, he notices many trends in the area.
For instance, the market has started to become very competitive in recent years as more and more people discover the area. Travis White, Newport Beach Realtor, has found that the area is something of a secret to many individuals but is finally starting to catch on with a broader buying base. And Travis White, Newport Beach Realtor, has seen prices get higher and higher in recent years as a result.
For example, Travis White Newport Beach Realtor recently estimated the median sale price in the area is over $2 million per home. Around 132 homes were sold in the region last year, a rate of over two houses per week – and hitting nearly three. Therefore, Travis White, Newport Beach Realtor, is trying to get into the market before it finally fully explodes and homes become impossible to find.
The still relatively low-key nature of the market means that Travis White Newport Beach Realtor is often investing in properties that may not sell immediately. For instance, he’s found that homes sell at prices around three-percent below their listing price and take over two months to sell. For some, this type of waiting may not seem like an effective way of investing.
However, Travis White, Newport Beach Realtor, knows that real estate is often a waiting game. Those who get into it trying to sell homes too quickly or don’t have patience end up losing out. Instead, Travis White Newport Beach Realtor prefers to wait for the right buyer to come along and offer the kind of money that a homeowner deserves for their property.
Thinking of Diversifying Your Investment Portfolio? Travis White Newport Beach Realtor Explains Why Now Is the Perfect Time to Invest in Real Estate
If you are looking to diversify your investment portfolio or invest in your future, you may be trying to figure out what a good investment for you is. Real estate can be an excellent investment for several reasons, including having a tangible good for your money. Real estate can be less volatile from day to day than the stock market or other investments. Travis White, Newport Beach Realtor, says that now is an even better time than usual to invest in real estate. Here are a few of the key reasons why.
Travis White Newport Beach Realtor Explains Rent Prices Are High
Travis White, Newport Beach Realtor, says that now is the perfect time to invest in real estate because rental home prices are booming. In many markets, the cost to rent a home is equal to or higher than monthly mortgage prices. This means that you can save money and invest in your future by buying if you are renting. If you are looking to invest money, real estate is also a great choice because you can buy a rental home, rent it out, and have someone else basically pay the mortgage. This makes real estate a wise investment for many.
Travis White Newport Beach Realtor States That Mortgage Rates Are Low
Travis White, Newport Beach Realtor, states that now is the perfect time to invest in real estate because mortgage rates are at historic lows. This means you can borrow the money from the bank affordably. Interest rates will not stay low forever, so it is wise to take advantage of these record lows and buy before the rates start to creep up.
Travis White Newport Beach Realtor Says That Deals Are To Be Found Right Now
Travis White, Newport Beach Realtor, explains that the final reason why now is the perfect time to invest in real estate is that there are deals to be found. COVID-19 has caused people to lose their jobs, close their businesses, and/or move to other parts of the country. This means people are looking to sell their homes quickly. If you take the time to look, you can find deals on real estate now, helping you to make a smart investment with your money.
Travis White, Newport Beach Realtor, wants to help you understand why now is the perfect time to invest in real estate. Thanks to high rent prices, low mortgage rates, and good deals to be found, you are sure to find a great deal on a home and be able to rent it out to cover the mortgage on the place. Find a professional real estate agent to help you find the right investment pieces for you.
Travis White Newport Beach Realtor has helped many clients relocate over the years by finding them great homes at reasonable prices. And he recently discussed how individuals seeking out homes far from their original area might locate an inexpensive property worth their time. He also discussed the importance of understanding relocation costs and how they impact this process.
Research Options Before You Move, Travis White Newport Beach Realtor States
Relocating requires you to do much research before buying any property, Travis White Newport Beach Realtor says. Reach out to realtors in the area where you plan to move and ask them to discuss their multiple listing service with you. An MLS provides you with access to properties that you might not get elsewhere, Travis White Newport Beach Realtor says, such as properties not yet put on the market.
These services often provide online-based help that streamlines your search and makes it easier to handle. Typically, Travis White Newport Beach Realtor suggests that you start by narrowing your options down by maximum price, first, and then focusing on amenities and features that you need and want. If you know your budget, you can stick to it more easily when moving.
Don’t neglect online inspection services, Travis White Newport Beach Realtor says, such as 3D real estate videos. These walkthroughs give you an idea of each home before you move, providing an in-depth examination of what to expect. Just as importantly, Travis White Newport Beach Realtor emphasizes understanding your other relocation costs to avoid unexpected expenses.
Calculating Total Relocation Costs | Travis White Newport Beach Realtor
Travis White, Newport Beach Realtor, says it is essential to understand that different markets will have other relocation costs when relocating. For example, midwestern areas typically have less expensive housing than places on the coast but may have fewer professional movers options. As a result, Travis White, Newport Beach Realtor, says that your relocation costs may be thousands of dollars less.
These relocation costs can cut into your home budget because you may need the money provided by your loan to move, Travis White, Newport Beach Realtor, says. Try to budget at least $4,000 to $10,000 more into your home purchase budget to cover these costs. Yes, this expense is relatively high, but it is necessary to get your old home’s goods into your new house with minimum difficulty.
If you’re still struggling to find homes when relocating, Travis White Newport Beach Realtor suggests in-person budgeting visits from a realtor you can trust in the area. These experts can examine each house and give you personal photos, videos, and even hire an inspection to ensure that it meets your needs. Yes, this adds more to your relocation costs, but Travis White, Newport Beach Realtor, says it is a service that is more than worth it for those trying to find a new home.
The COVID-19 Pandemic Has Impacted Everyone and Travis White Newport Beach Realtor Is Here To Review the Impact of the Pandemic on the Real Estate Market
The COVID-19 pandemic has fundamentally changed the world as we know it. During the past few months, there have been some major changes as businesses have been forced to lay people off just to keep their doors open, families are dealing with a significant amount of uncertainty, and countries have been forced to close their borders. The impact on the real estate industry has been significant and Travis White Newport Beach Realtor is here to discuss the impact of the pandemic on real estate.
Travis White Newport Beach Realtor Highlights the Advantages of Investing in Real Estate
First, Travis White Newport Beach Realtor would like everyone to know about the advantages of investing in real estate. In general, real estate is supposed to appreciate in value. Unlike a car, real estate should go up in value over time. Travis White Newport Beach Realtor wants everyone to know that there are two major ways that people can make money in real estate. The first is through capital appreciation, which is where real estate goes up in value. The second is through income, which comes in the form of rent. When this is combined with the ability to diversify investments through real estate, the benefits are significant.
Travis White Newport Beach Realtor Explores the Impact of the Coronavirus Pandemic on the Real Estate Market
Travis White Newport Beach Realtor knows that every industry has felt the sting of the pandemic. In the world of real estate, the reality is that many people do not want to move right now because they are unable to go and visit homes in person. This makes it hard to look at real estate while also abiding by social distancing guidelines. At the same time, Travis White Newport Beach Realtor knows that the industry has been able to adjust. Now, people are able to take virtual tours of potential properties thanks to video conferencing technology, drones, and more. These changes have shifted the manner in which real estate operates.
Travis White Newport Beach Realtor Discusses the Changes That Will Remain After the Pandemic
Travis White Newport Beach Realtor understands that the virus is going to be with us until we have a vaccine. At the same time, Travis White Newport Beach Realtor thinks that some of these changes are going to be permanent. For example, drones have the ability to showcase properties from a unique perspective that cannot be found elsewhere. Therefore, he thinks that this change is going to be there to stay. It will be interesting to see how the real estate industry responds once the pandemic is in the rearview mirror.
Travis White Newport Beach Realtor helps people achieve their dreams of coastal living right here in California. Most people who visit or live here in Newport Beach find that they simply cannot stay inside. The scenery and weather are too beautiful and must be explored and enjoyed daily. Travis White Newport Beach Realtor knows firsthand how alluring the outdoors is, that is why when he is not showing awesome properties to people from around the globe he is surfing and exploring the region by mountain bike and scenic back roads and byways. The coast has continued to see growth when it comes to real estate despite the lockdown and other issues over the summer because people are simply drawn to the mixture of simple beauty and complex natural resources that calm the mind and take the breath away in a single moment.
Travis White Newport Beach Realtor Can Connect Potential Buyers With Quality Property No Matter Where They Currently Live
Travis White Newport Beach Realtor offers local knowledge and trusted advice to those who are looking to buy coastal California property locally or from afar. Travis White Newport Beach Realtor also travels to Idaho often to connect Californians who are looking to buy homes or vacation properties in that scenic state with insider information about various areas along the western coast, to Lake Tahoe, Idaho, and in-between. Travis White Newport Beach Realtor is the advocate you want for information and passion about the property in California and Idaho. Travis White Newport Beach Realtor is well-traveled and loves to share information about the sights and properties he travels to because sharing the beauty of the nation with those who may not know about it is life-changing for some of the buyers he reveals new beauty to.
Travis White Newport Beach Realtor does more than sell properties he is active in his community providing opportunities for youth to learn about the technology that will help them improve in school and open doors to career paths that may not have been previously considered. He donates his time and money to various causes in the area, often discretely because he simply wants to help the causes he believes in.
Travis White Newport Beach Realtor is an easy choice for anyone looking to buy or sell in the area and he is also a go-to for advice for a fun day trip in the natural So-Cal region. Travis White Newport Beach Realtor will continue to enjoy the beautiful outdoors and connect people with their dream homes while contributing to his community in a variety of ways in the coming years.
Travis White Newport Beach realtor recently discussed why existing home sales skyrocketed during the month of July, 2020.
The year 2020 has brought about unprecedented changes in the real estate market. Mortgage rates are at record lows, new home sales may reach record highs, and existing-home sales have been soaring at a faster pace than ever before. Travis White Newport Beach realtor recently discussed the latter — the record rate at which previously-owned homes sold in July, 2020.
According to Travis White Newport Beach realtor, previously-owned home sales skyrocketed 24.7 percent between the months of June and July. Travis White Newport Beach realtor explained that the housing market has completed the recovery phase and is now in a full-blown boom. Home sales are now higher than before the pandemic.
“We’re seeing a major trend in buyers looking for a little more space or little more luxury, now that they’re spending so much time at home,” Travis White Newport Beach realtor said. “We expect people to continue working from home and generally spending more time at home due to the pandemic well into next year as well.”
Record low mortgage rates have encouraged buyers who were formerly on the fence to take advantage and purchase before rates begin to rise. Travis White Newport Beach realtor added that millennials are now aging into their home-buying years, adding an entire generation of buyers to the market.
Travis White Newport Beach realtor explained that the boom in home sales may be foreshadowing for a positive outcome regarding the overall economy as well. Home values are rising at rapid rates, with the median home value rising 8.5 percent since last year. For the first time in history, the median home value is now more than $300,000, reaching $304,100 in July.
“The start of the coronavirus pandemic looked grim for the real estate industry,” Travis White Newport Beach realtor said. “People were in a state of shock, and home sales initially plummeted. We’ve been so fortunate to have this massive turnaround.”
Travis White Newport Beach realtor explained that while he hopes home sales will continue soaring, many economists believe there will be a cap to the growth. Home inventory is dwindling, and many potential sellers have decided to hold off on listing their properties. The lower demand will likely increase prices, and some buyers will be priced out of the market.
“We’re going to keep selling at this rate for as long as we can,” Travis White Newport Beach realtor said. “And while we know home sales will eventually reach a plateau, we expect 2021 to be another year in which homeowners look for more space or a few more luxuries.”
Travis White Newport Beach realtor explained that it could be years before society returns to spending as much time out of the home as pre-pandemic days. Until then, we’ll see plenty of homeowners looking to upgrade.
Travis Patrick White Newport Beach Realtor Is Working Smart Through The Pandemic
Travis Patrick White Newport Beach Realtor Understands The Importance of Real Estate, Especially Now. The needs of people purchasing homes or selling homes does not stop even amidst COVID-19. Travis Patrick White Newport Beach Realtor continues to help his clients through these unprecedented times. However, he is taking precautions to make sure that he remain safe as well as the people he serves. Currently, Travis Patrick White Newport Beach Realtor is utilizing virtual meetings and virtual showings to continue his real estate business.
Travis Patrick White Newport Beach Realtor And The Virtual Meeting And Showing.
Zoom is a relatively new platform that many people have been taking advantage of during the quarantine. It is a real-time meeting space and can definitely double as a means to show real estate property. Speakers can talk in turn and mute their devices when it is not an opportune moment. You only see what is presented on your device’s camera. Travis Patrick White can simply walk throughout the home he is showing with his device in hand. During this virtual meeting or showing he can relate the benefits of the property as well as let his client get a good view of what they can expect. If there are any questions, the client can interject during the virtual meeting or showing. This can actually be a way of calming some potential buyers or sellers during the showing process. Being in a Zoom meeting in the comfort of your own home while viewing a property can be very relaxing.
Travis Patrick White Newport Beach Realtor A Beautiful Part Of California.
Travis Patrick White Newport Beach Realtor has a home in Newport Beach himself, he is expanding his business to various other locales. However, Newport Beach is a beautiful city on the coast of Southern California.It is located in Orange County, California and is known for its big waves and great surfing. Travis Patrick White Newport Beach Realtor is not unfamiliar with the great surf in Newport Beach, California.
Travis Patrick White Newport Beach Realtor Divides His Time While Ensuring His Clients Are Well-Served.
Currently, it is a sellers market and Travis Patrick White Newport Beach Realtor is trying to continue to find great deals for buyers. He continues to increase market share in Newport Beach, California. His team is expanding across Southern California withholdings and sales in Los Angeles as well as many other desert cities in California. Travis Patrick White Newport Beach Realtor divides his time between his beautiful home in Newport Beach, his cabin in Lake Tahoe, Nevada and his home in Palm Springs, California. In addition to expanding his business in the state of California, Travis Patrick White Newport Beach Realtor has begun out-of-state business in Idaho. Undoubtedly he will continue to take precautions to guard against COVID-19, as well.
Travis White Newport Beach Real Estate has been watching the Covid changes to the economy with some fear. Though the economy hasn’t completely fallen off the cliff into a depression, it is slumping into a recession. And many homeowners are likely worried that their home’s price will fall along with the economy. This fact is something that deserves a more in-depth examination before gauging correctly.
How Covid Has Impacted Home Prices
According to Travis White Newport Beach Real Estate house prices had been going up for years until Covid developed. Even after the official declaration of the pandemic, Travis White Newport Beach Real Estate found that prices had gone up at least 0.8 percent by April 11. That was a decline in the rates from previous weeks, which had been as high as 3.3 percent by late March – by that time, the full extent of Covid had not been realized.
Travis White Newport Beach Real Estate has noticed the decrease in mortgage rates that ensued. There are nearly historic lows of mortgage interest rates, which should potentially decrease homes’ prices even further. This decrease is due to the federal government’s attempts to manage Covid-related economic problems as they develop.
So while house prices haven’t dropped substantially yet, Travis White Newport Beach Real Estate is concerned that they will likely go down soon. Too many factors are at play here, and he is worried that not enough people are taking them seriously. That’s because economic changes are things that develop over a long period and have lasting consequences that can take time to understand fully.
Why Prices Changed This Way
Though prices haven’t yet dropped heavily, Travis White Newport Beach Real Estate anticipates that prices will start dropping on homes soon. That’s because the economic downturn triggered by Covid is taking some time to sink in fully. As a result, changes that have already occurred may trigger deeper problems with real estate costs in a way that are hard to predict.
For example, Travis White Newport Beach Real Estate predicts that many homeowners will not want to part with their homes, even in an economic downturn. As a result, there won’t be a lot of houses on the market. This should generally increase a house’s cost, but other economic factors will come into play to drive down costs further and trigger more economic concerns.
These include the buying market’s strength – retail, specifically – and how this market is going down slightly as Covid spreads. And as these rippling effects go out through the market, Travis White Newport Beach Real Estate believes that homes are going to drop in price until at least the middle of 2021. At this time, it will be best to buy a new house before prices start going up again.
How a Vacation Beach House Can Be a Great Investment, Travis White, a Newport Beach Realtor Explains
Newport Beach, California is a popular location to both live and vacation. There are stunning views of the Pacific Ocean, excitement along the pier, and more to offer those in the area. Buying a vacation beach house in Newport Beach can be beneficial for a number of reasons, explains Travis White, a Newport Beach realtor.
Travis Patrick White Newport Beach Realtor, explains that there are various opportunities for those who want to invest in southern California real estate. As homes become available throughout Newport Beach, there is the opportunity to flip them, rent them, and even turn them into rental properties.
Airbnb, for example, has become a popular website for people to use when searching for a vacation beach house. Anyone who chooses to invest in a home along Newport Beach can choose to list it on the site. Then, as Travis White Newport Beach realtor explains, it can be an ongoing investment.
Even those who simply want to have a vacation home to visit periodically will find that Newport Beach is a highly desirable area. Travis Patrick White Newport Beach Realtor explains that the coastal city of Newport Beach has a harbor filled with boats. People may have their own boats that they wish to keep in the harbor or they can rent them in order to enjoy time on the water.
Travis White Newport Beach Realtor also explains that having a vacation beach house provides access to many of the ways to stay entertained. This includes both the Newport Beach Pier and the Balboa Per. Families and adults alike will also enjoy the Balboa Fun Zone, an amusement park that features a Ferris wheel.
Additionally, a vacation beach house makes it easy to enjoy the sand and surf at any given time. Travis Patrick White Newport Beach Realtor explains that many of the beach houses on the market are located directly on private beaches. This ensures that there are amazing views and quick access.
Travis Patrick White Newport Beach Realtor explains that one of the main reasons why Newport Beach continues to be a good investment is because of the location. Homes are highly sought after in this area in order to enjoy the ocean view. All real estate continues to climb throughout California, Southern California home prices remain relatively even.
Travis Patrick White Newport Beach Realtor has been involved in the real estate market throughout Southern California for many years. He spends his time between Newport and Lake Tahoe. As such, many real estate clients find that he is knowledgeable about the area. He has also been successful with beach rental properties. He can provide tips for how a property can be used to provide a vacation getaway as well as a sound investment year after year.
Travis White Newport Beach Realtor has watched the Covid-19 pandemic with the same mix of fear and confusion common to everybody else. However, he has also found that this time doesn’t have to be agonizing or a total loss. Real estate in California remains an excellent investment opportunity for those who know how to approach this process with restraint and grace.
Travis White Newport Beach Realtor Examines These Strange Times
When the Covid-19 pandemic hit American shores and spread with savage rapidity, it became clear to Travis White Newport Beach Realtor that a few things were going to happen. A recession was likely – stocks were tumbling, and the economy was hit hard by lockdowns. However, Travis White Newport Beach Realtor also believed that real estate could stay a good investment.
This fact may seem hard for some to believe – the most recent recession of 2008 was fueled by issues with real estate, after all. However, Travis White Newport Beach Realtor understands that the stock market and the real estate market aren’t always so connected. And he finds that the current environment remains strong despite the recession and the pandemic.
However, there are other things to worry about besides the recession. Travis White Newport Beach Realtor understands that the pandemic itself also causes a lot of concern for people and may make them assume that real estate is still not a good investment. That said, Travis White Newport Beach Realtor doesn’t think that this is necessarily the case in the current California real estate market.
Why Travis White Newport Beach Realtor Thinks Real Estate is Strong
Real estate is usually not an incredibly volatile market, Travis White Newport Beach Realtor says, even during recessions and pandemics. As a result, it makes a reliable choice for those looking to invest and expand their financial portfolio. And there is substantial demand for real estate, no matter what the situation, so there is a big chance of success in the California market.
However, Travis White Newport Beach Realtor knows that this state has been hit very hard by Covid – Los Angeles, in particular, is suffering. It is crucial, he says, to avoid these areas because most people in them are going to want to stay at home and aren’t likely to change their living situations just yet. Only buy property in LA, Travis White Newport Beach Realtor states, if you can rent it out.
In many ways, real estate investment during this time looks to a future when Covid-19 is under control. As a result, Travis White Newport Beach Realtor suggests investing in markets where there are jobs or are likely to return. Areas like San Francisco are rich with job opportunities, and investing here will make you good money, Travis White Newport Beach Realtor states.