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Category: For Sellers

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Houses Are Still Selling Fast

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

Have you been thinking about selling your house? If so, here’s some good news. While the housing market isn’t as frenzied as it was during the ‘unicorn’ years when houses were selling quicker than ever, they’re still selling faster than normal. The graph below uses data from Realtor.com to tell the story of median days on the market for every January from 2017 all the way through the latest numbers available. For Realtor.com, days on the market means from the time a house is listed for sale until its closing date or the date it’s taken off the market. This metric can help give you an...

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Don’t Wait Until Spring To Sell Your House

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

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 Rates Last 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...

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3 Must-Do’s When Selling Your House in 2024

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

If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home. A great way to balance those emotions and make sure you’re confident in your decision is to keep these three best practices in mind when you’re ready to sell. 1. Price Your Home Right The housing market shifted in 2023 as mortgage rates rose and home price appreciation started to normalize once again. As a seller, you still need to recognize how important it is to price your...

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2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers

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

If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below 7% for over a month now (see graph below): And while they’re not going back to the 3% we saw during the ‘unicorn’ years, they are expected to continue to go down from where they are now in the near future. As Dean Baker, Senior Economist at the Center for Economic Research, explains: “It also appears that mortgage rates are now...

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Why You May Want To Seriously Consider a Newly Built Home

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

Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why. Near-Record Percentage of New Home Inventory Newly built homes are becoming an increasingly significant part of today’s housing inventory. According to the most recent report from the National Association of Home Builders (NAHB): “Newly built homes available for sale accounted for 31% of total homes available for sale in November, compared to an approximate 12% historical...

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Ways Your Home Equity Can Help You Reach Your Goals

Written by Key Largo Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Key Largo Mortgage, Key Largo Mortgage Rates, Move-Up Buyers.

If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity. If you’re not familiar with that term, Freddie Mac defines it like this: “. . . your home’s equity is the difference between how much your home is worth and how much you owe on your mortgage.” That means your equity grows as you pay down your home loan over time and as home values climb. While it’s true home prices dipped slightly last year, they rebounded and have been climbing in many areas since then. Here’s why that price growth is good news for...

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Things To Consider If Your House Didn’t Sell

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

If your listing has expired and your house didn’t sell, it’s completely normal to feel a mix of frustration and disappointment. Understandably, you’re probably wondering what may have gone wrong. Here are three questions to think about as you figure out what to do next. Did You Limit Access to Your House? One of the biggest mistakes you can make when selling your house is restricting the days and times when potential buyers can tour it. Being flexible with your schedule is important, even though it might feel a bit stressful to drop everything and leave when buyers want to see...

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3 Keys To Hitting Your Homeownership Goals in 2024

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

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...

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

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

Some Highlights When 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.

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Retiring Soon? Why Moving Might Be the Perfect Next Step

Written by Key Largo Mortgage Syndicated User on . Posted in Baby Boomers, Demographics, For Sellers, Key Largo Mortgage, Key Largo Mortgage Rates.

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 Home From 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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