The Number One Mistake Sellers Are Making: Overpricing Their House

Written by Cocoa-Beach FL Mortgage Syndicated User on August 22, 2024. Posted in Cocoa Beach Condo Financing, Cocoa Beach Mortgage, Cocoa Beach Mortgage Rates, For Sellers, Home Prices, Selling Tips.

In today’s housing market, many sellers are making a critical mistake: overpricing their houses. This common error can lead to a home sitting on the market for a long time without any offers. And when that happens, the homeowner may have to drop their asking price to try to re-ignite buyer interest.Data from Realtor.com shows the number of homeowners realizing this mistake and doing a price reduction is climbing (see graph below):If you’re thinking about making a move yourself, here’s what you need to know. The best way to avoid making a costly mistake is to work with a trusted real estate...

How To Choose a Great Local Real Estate Agent

Written by Cocoa-Beach FL Mortgage Syndicated User on August 21, 2024. Posted in Agent Value, Cocoa Beach Condo Financing, Cocoa Beach Mortgage, Cocoa Beach Mortgage Rates, For Buyers, For Sellers.

Selecting the right real estate agent can make a world of difference when buying or selling a home. But how do you find the best one? Here are some tips to help you make that big decision as you determine your partner in the process.Check Their ReputationStart by gathering information about agents in your area. From there, try to narrow down the list. Ask the people you trust if they have someone they’d recommend. You’ll want to find an agent with a strong online presence, plenty of positive reviews, and someone whose great reputation truly precedes them. As Freddie Mac explains:“. . . you may...

How Mortgage Rate Changes Impact Your Homebuying Power

Written by Cocoa-Beach FL Mortgage Syndicated User on August 20, 2024. Posted in Cocoa Beach Condo Financing, Cocoa Beach Mortgage, Cocoa Beach Mortgage Rates, For Buyers, For Sellers, Mortgage Rates.

If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can afford in your monthly mortgage payment, and you want to factor that into your planning. Here’s what you need to know.What’s Happening with Mortgage Rates?Mortgage rates have been trending down recently. While that’s good news for your homebuying plans, it’s important to know that rates can be unpredictable because they’re affected by many factors. Things like the economy, job market, inflation, and decisions made by...

3 Reasons To Move in Today’s Shifting Market

Written by Cocoa-Beach FL Mortgage Syndicated User on August 17, 2024. Posted in Cocoa Beach Condo Financing, Cocoa Beach Mortgage, Cocoa Beach Mortgage Rates, For Buyers, Infographics, Mortgage Rates.

Some HighlightsThe housing market is in a transition. And that gives you 3 key opportunities going into the fall.There are more homes actively for sale. Builders are motivated to sell, so a newly built home may be more achievable than you think. And mortgage rates have come down from their recent peak.If you’re ready and able to buy, you may find the housing market this fall a bit easier to navigate. Connect with an agent to get started.?

What Credit Score Do You Really Need To Buy a House?

Written by Cocoa-Beach FL Mortgage Syndicated User on August 16, 2024. Posted in Agent Value, Buying Tips, Cocoa Beach Condo Financing, Cocoa Beach Mortgage, Cocoa Beach Mortgage Rates, First-Time Buyers, For Buyers.

When you’re thinking about buying a home, your credit score is one of the biggest pieces of the puzzle. Think of it like your financial report card that lenders look at when trying to figure out if you qualify, and which home loan will work best for you. As the Mortgage Report says:“Good credit scores communicate to lenders that you have a track record for properly managing your debts. For this reason, the higher your score, the better your chances of qualifying for a mortgage.”The trouble is most buyers overestimate the minimum credit score they need to buy a home. According...

The Great Wealth Transfer: A New Era of Opportunity

Written by Cocoa-Beach FL Mortgage Syndicated User on August 15, 2024. Posted in Affordability, Cocoa Beach Condo Financing, Cocoa Beach Mortgage, Cocoa Beach Mortgage Rates, Economy.

In recent years, there’s been a significant shift in how wealth is distributed among generations. It’s called the Great Wealth Transfer.Historically, the transfer of wealth from one generation to the next was a more gradual process, often limited to smaller amounts of inheritance or family savings. But today, the scale has increased in a big way. As a recent article from Bankrate says:“The biggest wave of wealth in history is about to pass from Baby Boomers over the next 20 years, and it’s going to have major impacts on many facets of life. Called The Great Wealth Transfer, $84 trillion is poised...

Is Affordability Starting To Improve?

Written by Cocoa-Beach FL Mortgage Syndicated User on August 14, 2024. Posted in Affordability, Cocoa Beach Condo Financing, Cocoa Beach Mortgage, Cocoa Beach Mortgage Rates, Economy, For Buyers, Home Prices, Mortgage Rates.

Over the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it’s getting a little better and might keep improving throughout the rest of the year. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:“Housing affordability is improving ever so modestly, but it is moving in the right direction.”Here’s a look at the latest data on the three biggest factors affecting home affordability: mortgage rates, home prices, and wages. 1. Mortgage RatesMortgage rates have been volatile this year,...

Are There More Homes for Sale Where You Live?

Written by Cocoa-Beach FL Mortgage Syndicated User on August 13, 2024. Posted in Cocoa Beach Condo Financing, Cocoa Beach Mortgage, Cocoa Beach Mortgage Rates, For Buyers, Inventory.

One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year. Recent data from Realtor.com shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That’s a significant improvement. It gives you far more options for your move than you would’ve had just a year ago. And with supply improving, you’re also regaining a bit of negotiation power. So, if you’re someone who thought about buying a home over the last few years but was discouraged by how limited inventory...

Home Inspections For Sellers: How To Prepare

Written by Cocoa-Beach FL Mortgage Syndicated User on August 10, 2024. Posted in Cocoa Beach Condo Financing, Cocoa Beach Mortgage, Cocoa Beach Mortgage Rates, For Sellers, Infographics, Selling Tips.

Some HighlightsIf you’re thinking about selling your house, it’s important to know what the home inspection is and what inspectors look for.As supply grows and buyers regain negotiation power, you may find you want to do some select repairs with a good return on investment before listing to get ahead of things a buyer may ask you to fix.To decide what’s worth tackling, you need expert advice. Reach out to a local real estate agent so you know what to prioritize.

Where Will You Go After You Sell?

Written by Cocoa-Beach FL Mortgage Syndicated User on August 9, 2024. Posted in Affordability, Cocoa Beach Condo Financing, Cocoa Beach Mortgage, Cocoa Beach Mortgage Rates, For Buyers, For Sellers, New Construction.

If you’re planning to sell your house and move, you probably know there’s been a shortage of options available. But here’s the good news: the supply of homes for sale has grown in a lot of markets this year – and that’s not just existing, or previously-owned, homes. It’s true for newly built homes too. So how do you decide which route to go? Do you buy an existing home or a brand-new one? The choice is yours – you just need to figure out what’s most important to you.Perks of a Newly Built HomeHere are some benefits of buying a newly built home right now:Have brand new everything with never-been-used...

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