What You Need To Know About Selling in a Sellers’ Market

Written by Vero Beach Mortgage Syndicated User on April 29, 2022. Posted in For Sellers, Pricing, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in a sellers’ market really mean? What Is a Sellers’ Market? The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still very low. There’s a 2-month supply of homes at the current sales pace. Historically, a 6-month supply...

Myths About Today’s Housing Market [INFOGRAPHIC]

Written by Vero Beach Mortgage Syndicated User on April 23, 2022. Posted in Buying Myths, For Buyers, For Sellers, Infographics, Selling Myths, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Some Highlights If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions. Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or repair before listing your house as a seller, it takes a professional to guide you through those decisions. Let’s connect so you have an expert to help separate fact from fiction in today’s housing market. Content previously posted on Keeping Current Matters

Why This Housing Market Is Not a Bubble Ready To Pop

Written by Vero Beach Mortgage Syndicated User on April 21, 2022. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Pricing, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by the GI Bill to purchase a home. Since then, the percentage of homeowners throughout the country has increased to the current rate of 65.5%. That strong desire for homeownership has kept home values appreciating ever since. The...

Is It Time To Buy a Smaller Home?

Written by Vero Beach Mortgage Syndicated User on April 19, 2022. Posted in Baby Boomers, For Buyers, For Sellers, Senior Market, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face. This period of your life can mean doing more of the things you enjoy, like traveling, visiting with loved ones, or taking on new hobbies. But what does that mean for your home? If you’re looking for ways to focus more on the important things in your life, the answer could be downsizing. A recent article from The Balance talks about why it could be a great option, saying: “There are many reasons to buy a smaller home—or to downsize from your present home—but sometimes,...

Do You Know How Much Equity You Have in Your Home? [INFOGRAPHIC]

Written by Vero Beach Mortgage Syndicated User on April 19, 2022. Posted in For Sellers, Housing Market Updates, Infographics, Move-Up Buyers, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Some Highlights If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity. Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average homeowner’s equity grew by $55,300. Ready to sell? Let’s connect to talk about how you can use that equity to fuel your next move. Content previously posted on Keeping Current Matters

Using Your Tax Refund To Achieve Your Homeownership Goals This Year

Written by Vero Beach Mortgage Syndicated User on April 19, 2022. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

If you’re buying or selling a home this year, you’re likely saving up for a variety of expenses. For buyers, that might include things like your down payment and closing costs. And for sellers, you’re probably working on a bit of spring cleaning and maintenance to spruce up your house before you list it. Either way, any money you get back from your taxes can help you achieve your goals. Using a tax refund is a common tactic for buyers and sellers. SmartAsset estimates the average American will receive a $2,897 tax refund this year. The map below provides a more detailed estimate by state: If...

Why a Real Estate Professional Is Key When Selling Your House

Written by Vero Beach Mortgage Syndicated User on April 19, 2022. Posted in For Sellers, FSBOs, Pricing, Selling Myths, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever. They have the skills, experience, and expertise it takes to navigate the highly detailed and involved process of selling a home. That may be why the percentage of people who list their houses on their own, known as a FSBO or For Sale By Owner, has reached its lowest point since 1985 (see graph below): Here are five reasons why selling with a real estate professional makes more sense, even in today’s hot market: 1. They Know What Buyers Want To See Before you decide...

On the Fence of Whether or Not To Move This Spring? Consider This.

Written by Vero Beach Mortgage Syndicated User on April 19, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer both of those questions, let’s turn to the data. Today, there are far more buyers looking for homes than sellers listing their houses. Here are the maps of the latest buyer and seller traffic from the National Association of Realtors (NAR) to help paint the picture of what this looks like: Notice how much darker the blues...

Category: For Sellers