3 Reasons To Move in Today’s Shifting Market

Written by Seaside FL Mortgage Mortgage Syndicated User on August 17, 2024. Posted in For Buyers, Infographics, Mortgage Rates, Mortgage Seaside FL, Seaside FL Mortgage.

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 Seaside FL Mortgage Mortgage Syndicated User on August 16, 2024. Posted in Agent Value, Buying Tips, First-Time Buyers, For Buyers, Mortgage Seaside FL, Seaside FL Mortgage.

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 Seaside FL Mortgage Mortgage Syndicated User on August 15, 2024. Posted in Affordability, Economy, Mortgage Seaside FL, Seaside FL Mortgage.

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 Seaside FL Mortgage Mortgage Syndicated User on August 14, 2024. Posted in Affordability, Economy, For Buyers, Home Prices, Mortgage Rates, Mortgage Seaside FL, Seaside FL Mortgage.

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 Seaside FL Mortgage Mortgage Syndicated User on August 13, 2024. Posted in For Buyers, Inventory, Mortgage Seaside FL, Seaside FL Mortgage.

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 Seaside FL Mortgage Mortgage Syndicated User on August 10, 2024. Posted in For Sellers, Infographics, Mortgage Seaside FL, Seaside FL Mortgage, 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 Seaside FL Mortgage Mortgage Syndicated User on August 9, 2024. Posted in Affordability, For Buyers, For Sellers, Mortgage Seaside FL, New Construction, Seaside FL Mortgage.

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...

Mortgage Rates Down a Full Percent from Recent High

Written by Seaside FL Mortgage Mortgage Syndicated User on August 8, 2024. Posted in Affordability, Economy, For Buyers, Mortgage Rates, Mortgage Seaside FL, Seaside FL Mortgage.

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks are any indication, you may be getting your wish.Mortgage Rates Trend Down in Recent WeeksThere’s big news for mortgage rates. After the latest reports on the economy, inflation, the unemployment rate, and the Federal Reserve’s recent comments, mortgage rates started dropping a bit. And according to Freddie Mac,...

Helpful Negotiation Tactics for Today’s Housing Market

Written by Seaside FL Mortgage Mortgage Syndicated User on August 7, 2024. Posted in Agent Value, For Sellers, Mortgage Seaside FL, Seaside FL Mortgage, Selling Tips.

If you haven’t already heard, homebuyers are regaining some negotiating power in today’s market. And while that doesn’t make this a buyer’s market, it does mean buyers may be able to ask for a little more. So, sellers need to be ready for that possibility and know what they’re willing to negotiate.Whether you’re looking to buy or sell a house, here’s a quick rundown of potential negotiations that may pop up during your transaction. That way, you’re prepared no matter which side of the deal you’re on.What Can You Negotiate?Most things in a home purchase are on the negotiation table. Here’s a...

What Every Homeowner Should Know About Their Equity

Written by Seaside FL Mortgage Mortgage Syndicated User on August 6, 2024. Posted in Equity, For Sellers, Mortgage Seaside FL, Seaside FL Mortgage, Selling Tips.

Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.Here’s a deeper look at what you need to know if you’re ready to cash in on your investment and put your equity toward your next home.Home Equity: What Is It and How Much Do You Have?Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and...

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