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Author: Key Largo Mortgage Syndicated User

Florida Mortgage | Home Equity Makes All the Difference When You Sell

Written by Key Largo Mortgage Syndicated User on . Posted in Key Largo Mortgage, Key Largo Mortgage Rates.

Florida Mortgage | Home Equity Makes All the Difference When You Sell If you own a home, chances are you have a significant amount of equity in it. Let’s connect to find out how much. NMLS ID 1834853 #homeequity #sellingyourhome #floridamortgage #floridamortgagerates #floridamortgagecompany

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The Latest Trends in Housing [INFOGRAPHIC]

Written by Key Largo Mortgage Syndicated User on . Posted in For Sellers, Housing Market Updates, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates.

Some Highlights With the number of new listings going up and average days on market going down, buyers may have more options, but will still want to move fast. For sellers, inventory is still low and houses are selling fast, meaning your house should stand out and may get multiple offers if you price it right. If you want to know more about what’s happening in your area, connect with a local real estate agent.

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Why Today’s Seller’s Market Is Good for Your Bottom Line

Written by Key Largo Mortgage Syndicated User on . Posted in For Sellers, Key Largo Mortgage, Key Largo Mortgage Rates, Selling Myths.

Thinking about selling your house and wondering if now’s a good time to do it? Here’s what you need to know. Even though the number of homes for sale has been growing this year, there still aren’t enough homes on the market for all the buyers who want to buy. So, what does that mean for you? To keep it simple, it means it’s still a seller’s market. Here’s how it works: A neutral market is when supply and demand is balanced. Basically, there are enough homes to meet buyer demand based on the current sales pace, and home prices hold fairly steady. A buyer’s market is when there are more...

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Your Home Is a Powerful Investment

Written by Key Largo Mortgage Syndicated User on . Posted in Buying Myths, First Time Home Buyers, For Buyers, Key Largo Mortgage, Key Largo Mortgage Rates.

Going into 2023, there was a lot of talk about a possible recession that would cause the housing market to crash. Some in the media were even forecasting home prices would drop by as much as 10-20%—and that might have made you feel a bit unsure about buying a home. But here’s what actually happened: home prices went up more than usual. Brian D. Luke, Head of Commodities at S&P Dow Jones Indices, explains: “Looking back at the year, 2023 appears to have exceeded average annual home price gains over the past 35 years.” To put last year’s growth into context, the graph below uses data...

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What Mortgage Rate Do You Need To Move?

Written by Key Largo Mortgage Syndicated User on . Posted in Buying Myths, For Buyers, Interest Rates, Key Largo Mortgage, Key Largo Mortgage Rates.

If you’ve been thinking about buying a home, mortgage rates are probably top of mind for you. They may even be why you’ve put your plans on hold for now. When rates climbed near 8% last year, some buyers found the numbers just didn’t make sense for their budget anymore. That may be the case for you too. Data from Bright MLS shows the top reason buyers delayed their plans to move is due to high mortgage rates (see graph below):   David Childers, CEO at Keeping Current Matters, speaks to this statistic in the recent How’s The Market podcast: “Three quarters of buyers said ‘we’re out’ due to...

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Finding Your Perfect Home in a Fixer Upper

Written by Key Largo Mortgage Syndicated User on . Posted in Buying Myths, First Time Home Buyers, For Buyers, Key Largo Mortgage, Key Largo Mortgage Rates, Move-Up Buyers.

If you’re trying to buy a home and are having a hard time finding one you can afford, it may be time to consider a fixer-upper. That’s a house that needs a little elbow grease or some updates, but has good bones. Fixer-uppers can be a really great option if you’re looking to break into the housing market or want to stretch your budget further. According to NerdWallet: “Buying a fixer-upper can provide a path to homeownership for first-time home buyers or a way for repeat buyers to afford a larger home or a better neighborhood. With the relatively low inventory of homes for sale these...

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