Why This Winter Is the Sweet Spot for Selling

Written by Lakewood Ranch Mortgage Syndicated User on December 7, 2024. Posted in For Sellers, Infographics, Inventory, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates.

Some HighlightsThinking about selling your house? Here are a few reasons why you may want to do it this season.Buyers looking right now are serious about moving and the number of homes for sale is typically lower this time of year – helping your house stand out.While inventory is higher this year than it’s been in the last few winters, you’ll still be in this year’s sweet spot.

Why Owning a Home Is Worth It in the Long Run

Written by Lakewood Ranch Mortgage Syndicated User on December 6, 2024. Posted in Home Prices, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Mortgage Rates.

Today’s mortgage rates and home prices may have you second-guessing whether it’s still a good idea to buy a home right now. While market factors are definitely important, there’s also a bigger picture to consider: the long-term benefits of homeownership. Think of it this way. If you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. That’s because over time, home values usually grow – and that means a homeowner’s net worth does too. Here’s a look at how that can really add up over the years.Home...

When Will Mortgage Rates Come Down?

Written by Lakewood Ranch Mortgage Syndicated User on December 5, 2024. Posted in Forecasts, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Mortgage Rates.

One of the biggest questions on everyone’s minds right now is: when will mortgage rates come down? After several years of rising rates and a lot of bouncing around in 2024, we’re all eager for some relief.While no one can project where rates will go with complete accuracy or the exact timing, experts offer some insight into what we might see going into next year. Here’s what the latest forecasts show.Mortgage Rates Are Expected To Ease and Stabilize in 2025After a lot of volatility and uncertainty, the most updated forecasts suggest rates will start to stabilize over the next year, and should...

Sell Your House During the Winter Sweet Spot

Written by Lakewood Ranch Mortgage Syndicated User on December 4, 2024. Posted in For Sellers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Selling Tips.

A lot of people assume spring is the ideal time to sell a house. And sure, buyer demand usually picks up at that time of year. But here’s the catch: so does your competition because a lot of people put their homes on the market at the same time.So, what’s the real advantage of selling your house before spring? It’ll stand out.Historically, the number of homes for sale tends to drop during the cooler months – and that means buyers have fewer options to choose from.You can see how that trend played out over the past few years in this data from the National Association of Realtors (NAR). Each time,...

Should You Sell Your House As-Is or Make Repairs?

Written by Lakewood Ranch Mortgage Syndicated User on December 3, 2024. Posted in For Sellers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Selling Tips.

A recent study from the National Association of Realtors (NAR) shows most sellers (61%) completed at least minor repairs when selling their house. But sometimes life gets in the way and that’s just not possible. Maybe that’s why, 39% of sellers chose to sell as-is instead (see chart below): If you’re feeling stressed because you don’t have the time, budget, or resources to tackle any repairs or updates, you may be tempted to sell your house as-is, too. But before you decide to go this route, here’s what you need to know.What Does Selling As-Is Really Mean?Selling as-is means you won’t make any...

Investors Are Not Buying Up All the Homes

Written by Lakewood Ranch Mortgage Syndicated User on November 30, 2024. Posted in Economy, For Buyers, Infographics, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates.

Some HighlightsThere’s a misconception Wall Street is buying all the homes on the market. But data proves that isn’t true.?Experts agree the share of homes bought by investors is declining – and most are smaller investors, like your neighbor who owns a second home, not Wall Street.No matter what you’ve heard, the majority of homes are still being purchased by everyday homebuyers like you – not big investors. Connect with an agent if you have questions.?

Make Your House the Top Thing on Every Buyer’s Wish List This Season

Written by Lakewood Ranch Mortgage Syndicated User on November 29, 2024. Posted in For Sellers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Selling Tips.

With the holidays right around the corner, homeowners planning to move have a decision to make: sell now or wait? Some may even consider taking their house off the market until next spring. But is that the best choice? Because at this time of year, your home can really stand out.Here’s the thing: there are plenty of buyers out there who want to be in a new home by the holidays, and your house might be just what they’re looking for. As an article from Redfin says: “. . . there is typically less inventory in the housing market this time of year, allowing your home to easily stand out among...

Control the Controllables If You’re Worried About Mortgage Rates

Written by Lakewood Ranch Mortgage Syndicated User on November 28, 2024. Posted in Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Mortgage Rates.

Chances are you’re hearing a lot about mortgage rates right now, and all you really want to hear is that they’re coming back down. And if you’ve seen headlines about the early November Federal Funds Rate cut by the Federal Reserve (The Fed), maybe you got hopeful mortgage rates would start to decline right away. Although some media sources may lead you to believe that the Fed’s actions determine mortgage rates, in reality, they don’t. The truth is, the Fed, the job market, inflation, geopolitical changes, and a whole list of other economic factors influence mortgage rates, too. So, while recent...

How Co-Buying a Home Helps with Affordability Today

Written by Lakewood Ranch Mortgage Syndicated User on November 27, 2024. Posted in Buying Tips, For Buyers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates.

Buying a home in today’s market can feel like an uphill battle – especially with home prices and mortgage rates putting pressure on your budget. If you’re feeling stuck, co-buying could be one way to help you get your foot in the door. Freddie Mac says:“If you are an aspiring homeowner, buying a home with your family or friends could be an option.”But there are some things you’ll want to consider first. Let’s explore why co-buying is gaining popularity right now among some buyers and see if it may make sense for you too.What Is Co-Buying?Co-buying means buying a home with someone like...

Why Today’s Mortgage Debt Isn’t a Sign of a Housing Market Crash

Written by Lakewood Ranch Mortgage Syndicated User on November 26, 2024. Posted in Equity, Foreclosures, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Mortgage Rates.

One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today. Unlike in the last housing bubble, where many homeowners owed more than their homes were worth, today’s homeowners have far more equity than debt.That’s a big part of the reason why even though mortgage debt is at an all-time high, this isn’t 2008 all over again. As Bill McBride, Housing Analyst for Calculated Risk, explains:“With the recent house price increases, some people are worried about a new housing bubble – but mortgage debt isn’t a concern . . .”Today’s homeowners are...

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