Why You Want an Agent’s Advice for Your Move

Written by Miramar Beach FL Mortgage Syndicated User on March 1, 2024. Posted in Buying Myths, For Buyers, For Sellers, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Selling Myths.

No matter how you slice it, buying or selling a home is a big decision. And when you’re going through any change in your life and you need some guidance, what do you do? You get advice from people who know what they’re talking about. Moving is no exception. You need insights from the pros to help you feel confident in your decision. Freddie Mac explains it like this:“As you set out to find the right home for your family, be sure to select experienced, trusted professionals who will help you make informed decisions and avoid pitfalls.”And while perfect advice isn’t possible – not even from...

Why Today’s Housing Supply Is a Sweet Spot for Sellers

Written by Miramar Beach FL Mortgage Syndicated User on March 1, 2024. Posted in For Sellers, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Wondering if it still makes sense to sell your house right now? The short answer is, yes. And if you look at the current number of homes for sale, you’ll see two reasons why.An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells us inventory has grown. But going back to 2019, the last normal year in the housing market, there are nearly 40% fewer homes available now:Here’s a breakdown of how this benefits you when you sell. 1. You Have More Options for Your MoveAre you thinking about selling because your current house is...

Don’t Wait Until Spring To Sell Your House

Written by Miramar Beach FL Mortgage Syndicated User on February 1, 2024. Posted in For Sellers, Interest Rates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

As you think about the year ahead, one of your big goals may be moving. But, how do you know when to make your move? While spring is usually the peak homebuying season, you don’t actually need to wait until spring to sell. Here’s why.1. Take Advantage of Lower Mortgage RatesLast October, the 30-year fixed mortgage rates peaked at 7.79%. In January, they hit their lowest level since May. That means you may not feel as locked-in to your current mortgage rate right now. That downward trend in rates has made moving more affordable now than it was just a few months ago.Another reason...

Foreclosure Activity Is Still Lower than the Norm

Written by Miramar Beach FL Mortgage Syndicated User on February 1, 2024. Posted in Foreclosures, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Have you seen headlines talking about the increase in foreclosures in today’s housing market? If so, they may leave you feeling a bit uneasy about what’s ahead. But remember, these clickbait titles don’t always give you the full story.The truth is, if you compare the current numbers with what usually happens in the market, you’ll see there’s no need to worry.Putting the Headlines into PerspectiveThe increase the media is calling attention to is misleading. That’s because they’re only comparing the most recent numbers to a time where foreclosures were at historic lows. And that’s making it...

2 of the Factors That Impact Mortgage Rates

Written by Miramar Beach FL Mortgage Syndicated User on February 1, 2024. Posted in For Buyers, Interest Rates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates. Over the last couple of years, they hit record lows, rose dramatically, and are now dropping back down a bit. Ever wonder why?The answer is complicated because there’s a lot that can influence mortgage rates. Here are just a few of the most impactful factors at play.Inflation and the Federal ReserveThe Federal Reserve (Fed) doesn’t directly determine mortgage rates. But the Fed does move the Federal Funds Rate up or down in response to what’s happening with inflation, the economy, employment...

Will a Silver Tsunami Change the 2024 Housing Market?

Written by Miramar Beach FL Mortgage Syndicated User on February 1, 2024. Posted in Demographics, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Have you ever heard the term “Silver Tsunami” and wondered what it’s all about? If so, that might be because there’s been lot of talk about it online recently. Let’s dive into what it is and why it won’t drastically impact the housing market.What Does Silver Tsunami Mean?A recent article from HousingWire calls it:“. . . a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging . . .”The thought is that as baby boomers grow older, a significant number will start downsizing their homes. Considering how large that generation is, if...

3 Keys To Hitting Your Homeownership Goals in 2024

Written by Miramar Beach FL Mortgage Syndicated User on January 1, 2024. Posted in For Buyers, For Sellers, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

If buying or selling a home is your goal for 2024, it’s important to understand today’s housing market, know your why, and work with industry experts to bring your homeownership vision for the new year into focus.Over the last year, the economy had a big impact on the housing market, and likely on your wallet too. That’s why it’s critical to have a clear picture of not just the market today, but also on what you want out of it when you buy or sell a home. Danielle Hale, Chief Economist at Realtor.com, explains:“The key to making a good decision in this challenging housing market is to be...

The Benefits of Working With an Agent When You Sell Your House [INFOGRAPHIC]

Written by Miramar Beach FL Mortgage Syndicated User on January 1, 2024. Posted in For Sellers, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Selling Myths.

Some HighlightsWhen it comes to selling your house, the expertise of a trusted real estate agent can make a big difference.They’ll explain what’s happening today, what that means for you, and how to price and market your house. They’re also skilled negotiators and well versed in the contracts and disclosures involved. Partner with a trusted real estate professional so you have expert advice throughout the entire process.

What You Need To Know About Saving for a Home in 2024

Written by Miramar Beach FL Mortgage Syndicated User on January 1, 2024. Posted in Buying Myths, First Time Home Buyers, For Buyers, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Move-Up Buyers.

If you’re planning to buy a home, knowing what to budget for and how to save may sound intimidating – but it doesn’t have to be. One way to ease those concerns is to make sure you understand some of the costs you may encounter up front. And to do that, always turn to trusted real estate professionals. They can help you set a plan and take a strategic look at your budget and your process before you even get started.Here are just a few things experts say you should be thinking about.1. Down PaymentSaving for your down payment is likely top of mind as you set out to buy a home. But do you know...

Retiring Soon? Why Moving Might Be the Perfect Next Step

Written by Miramar Beach FL Mortgage Syndicated User on January 1, 2024. Posted in Baby Boomers, Demographics, For Sellers, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

If you’re thinking about retirement or have already retired this year, it’s a good time to consider if your current house is still a good fit for the next chapter in your life.Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about as you decide whether or not to sell and make a move.How Long You’ve Been in Your HomeFrom 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning many...

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