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

Written by Lakewood Ranch Mortgage Syndicated User on February 28, 2024. Posted in For Sellers, Housing Market Updates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates.

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 too...

It’s Time To Prepare Your House for a Spring Listing

Written by Lakewood Ranch Mortgage Syndicated User on February 20, 2024. Posted in For Sellers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates.

If you’re thinking of selling your house this spring, now is the perfect time to start getting it ready. With the market gearing up for its busiest time of year, it’ll be important to make sure your house shines bright among the competition.Here are some valuable tips you can use to get your house market-ready.Declutter and OrganizeFirst impressions matter, and if your house is a mess, that can easily turn off potential buyers. Before listing, take the time to declutter and organize each room. Decluttering is about more than just tidying up – it’s about creating a sense of...

Home Equity Can Be a Game Changer When You Sell

Written by Lakewood Ranch Mortgage Syndicated User on February 9, 2024. Posted in For Sellers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Selling Myths.

Are you on the fence about selling your house? While affordability is improving this year, it’s still tight. And that may be on your mind. But understanding your home equity could be the key to making your decision easier. An article from Bankrate explains:“Home equity is the difference between your home’s value and the amount you still owe on your mortgage. It represents the paid-off portion of your home.You’ll start off with a certain level of equity when you make your down payment to buy the home, then continue to build equity as you pay down your mortgage. You’ll also build...

Houses Are Still Selling Fast

Written by Lakewood Ranch Mortgage Syndicated User on February 7, 2024. Posted in For Sellers, Housing Market Updates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch 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 idea...

Don’t Wait Until Spring To Sell Your House

Written by Lakewood Ranch Mortgage Syndicated User on February 2, 2024. Posted in For Sellers, Interest Rates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch 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 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 today’s...

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

Written by Lakewood Ranch Mortgage Syndicated User on January 23, 2024. Posted in For Sellers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch 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 house appropriately...

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

Written by Lakewood Ranch Mortgage Syndicated User on January 18, 2024. Posted in For Sellers, Housing Market Updates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch 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 falling...

Why You May Want To Seriously Consider a Newly Built Home

Written by Lakewood Ranch Mortgage Syndicated User on January 17, 2024. Posted in For Sellers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch 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 InventoryNewly 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 average.”That...

Ways Your Home Equity Can Help You Reach Your Goals

Written by Lakewood Ranch Mortgage Syndicated User on January 10, 2024. Posted in For Buyers, For Sellers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch 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 you.In...

Things To Consider If Your House Didn’t Sell

Written by Lakewood Ranch Mortgage Syndicated User on January 3, 2024. Posted in For Sellers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch 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 it....

Category: For Sellers