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Category: Infographics

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How Growing Inventory Benefits Today’s Buyers

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

Some Highlights While the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal.? Here’s what that means when you buy: more options for your search, more negotiation power for you, it’s more likely sellers will make select repairs, and more moderate price growth. If you want to talk more about what rising inventory means for you, connect with a local real estate agent.

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3 Reasons To Move in Today’s Shifting Market

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

Some Highlights The 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.?

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Home Inspections For Sellers: How To Prepare

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

Some Highlights If 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.

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3 Reasons Why We’re Not Headed for a Housing Crash

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

Some Highlights Back in 2008, there was an oversupply of homes for sale. Today, there’s an undersupply. The three main sources of inventory show this isn’t like the last time. Existing homes, new homes, and foreclosures are all way below the levels we saw during the housing crash. Inventory data shows there just aren’t enough homes available to have a repeat of what happened back in 2008. 

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Unlocking the Benefits of Your Home’s Equity

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

Some Highlights Equity is the difference between what your house is worth and what you still owe on your mortgage. The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity. To find out how much equity you have, connect with a real estate agent who can give you a Professional Equity Assessment Report (PEAR).

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The Biggest Mistakes Homebuyers Are Making Right Now

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

Some Highlights Want to know the biggest mistakes homebuyers are making today? They include everything from putting off pre-approval for too long, holding out for the perfect home, buying more than they can afford, and skipping out on hiring a pro.  Connect with a real estate agent to make sure you have a pro on your side who can help you avoid these mistakes.

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How Do Presidential Elections Impact the Housing Market?

Written by Key Largo Mortgage Syndicated User on . Posted in Economy, Home Prices, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates.

Some Highlights Are you wondering if the upcoming election will have an impact on the housing market? Here’s what history tells us you need to know if you’re considering a move.? Data shows home sales slow in November but quickly bounce back and rise the following year. Prices usually keep climbing. And mortgage rates typically come down slightly. Presidential elections have only a small and temporary impact on the housing market. If you have questions, connect with a real estate agent.

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Things To Avoid After Applying for a Mortgage [INFOGRAPHIC]

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

Some Highlights There are a few key things you’ll want to avoid after applying for a mortgage to make sure you’re in the best position when you get to the closing table. Don’t change bank accounts, apply for new credit, make any large purchases or transfers, and don’t co-sign loans for anyone. Here’s a good rule of thumb. Always connect with your loan officer before making any financial decisions once you’ve started the mortgage process.

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Housing Market Forecast for the 2nd Half of 2024 [INFOGRAPHIC]

Written by Key Largo Mortgage Syndicated User on . Posted in Forecasts, Home Prices, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates.

Some Highlights Wondering what the second half of the year holds for the housing market? Here’s what expert forecasts say. Home prices are expected to climb moderately. Mortgage rates are forecast to come down slightly. And, home sales are projected to hold steady. If you have questions about what to expect for the rest of the year, connect with a local agent to have a conversation about what it means for you and your plans.

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The Downsides of Selling Your House Without an Agent

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

Some Highlights Considering selling your house without an agent? You should know there are some serious downsides to handling it on your own. You’ll be missing out on marketing tools that draw in more buyers, pricing and market expertise, essential negotiation skills, in-depth knowledge of the fine print in contracts, and so much more. Don’t take all of this responsibility on. Instead, connect with an agent so you have someone with the knowledge and experience you’ll need on your side.

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