Don’t Fall for These Real Estate Agent Myths

Written by Merritt Island FL Mortgage Syndicated User on September 27, 2024. Posted in Agent Value, Buying Tips, For Buyers, For Sellers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Selling Tips.

When it’s time to buy or sell a home, one of the most important decisions you’ll make is who you’ll work with as your agent. That choice will have an impact on your entire experience and how smoothly it goes.As you figure out who you’ll partner with, it’s important to know what to expect and what to look for. Unfortunately, there may be some myths holding you back from making the best decision possible. So, let’s take some time to address those, and make sure you have the information you need to find the right agent for you.Myth #1: All Real Estate Agents Are the SameYou might think all agents...

Why Buying Now May Be Worth It in the Long Run

Written by Merritt Island FL Mortgage Syndicated User on September 26, 2024. Posted in Buying Tips, Equity, First-Time Buyers, For Buyers, Home Prices, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates.

Should you buy a home now or should you wait? That’s a question a lot of people have these days. And while what’s right for you is going to depend on a lot of different factors, here’s something you’ll want to consider as you make your decision.As soon as you buy, you’ll start gaining equity. And you’d be surprised how quickly that can add up – even with more moderate home price appreciation.Each quarter, Fannie Mae releases the Home Price Expectations Survey. It asks over one hundred economists, real estate experts, and investment and market strategists what they forecast for home prices over...

The Down Payment Assistance You Didn’t Know About

Written by Merritt Island FL Mortgage Syndicated User on September 25, 2024. Posted in First-Time Buyers, For Buyers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates.

Believe it or not, almost 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually use it. And if you’re hoping to buy a home, this is a mission-critical gap to close – fast (see graph below):Here’s what you need to know to make the most of your down payment in today’s housing market.Amplify Your Down Payment PotentialFor first-time buyers, the name of the game with down payments is making sure you’re taking advantage of all the resources out there designed to help you. And a bunch of them can get you to your goal faster than you may have thought possible. For...

Is Your House Priced Too High?

Written by Merritt Island FL Mortgage Syndicated User on September 24, 2024. Posted in Agent Value, For Sellers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Selling Tips.

Every seller wants to get their house sold quickly, for as much money as they can, with as few headaches as possible. And chances are, you’re no different.But did you know one of the biggest things that could jeopardize your success is the asking price for your home? Pricing your house correctly is one of the most crucial steps in the selling process.So, how do you know if you’re missing the mark? Here are four signs your high asking price might be turning potential buyers away—and why leaning on your real estate agent is the best way to course correct.1. You’re Not Getting Many Showings or...

Lower Mortgage Rates Boost Your Buying Power

Written by Merritt Island FL Mortgage Syndicated User on September 21, 2024. Posted in For Buyers, Infographics, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Mortgage Rates.

Some HighlightsMortgage rates are trending down and that’s great news for your bottom line.As rates drop, your monthly payment on your next home does too. Even a small change in mortgage rates can have a big impact on your purchasing power.If you put your search on hold when mortgage rates were higher, think about how much you could save now that rates are coming down.

Falling Mortgage Rates Are Bringing Buyers Back

Written by Merritt Island FL Mortgage Syndicated User on September 20, 2024. Posted in For Sellers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Mortgage Rates, Selling Tips.

If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming down due to a number of economic factors. And yesterday the Federal Reserve cut the Federal Funds Rate for the first time since they began raising that rate in March 2022. And while they don’t control mortgage rates, this sets the stage for mortgage rates to fall even further than they already have – especially since more cuts from the Fed are...

The Latest Builder Trend: Smaller, Less Expensive Homes

Written by Merritt Island FL Mortgage Syndicated User on September 19, 2024. Posted in Affordability, For Buyers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, New Construction.

Even though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these things can be a big help if you’re worried about finding a home that’s right for your budget. Builders Are Building Smaller Homes During the pandemic, homebuyers were looking for larger homes—and many could afford them. Builders responded to that demand and created bigger spaces to help people with things like working from home, setting up home gyms,...

Mortgage Rates Drop to Lowest Level in over a Year and a Half

Written by Merritt Island FL Mortgage Syndicated User on September 18, 2024. Posted in For Buyers, For Sellers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Mortgage Rates.

Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment.Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that’s happened recently isn’t small. As Sam Khater, Chief Economist at Freddie Mac, says:“Mortgage rates have fallen more than half a percent . . . and are at their lowest level since February 2023.”But if you want to see it to really believe it, here’s how the math shakes out. Take a closer look at the...

The Best Time To Buy a Home This Year

Written by Merritt Island FL Mortgage Syndicated User on September 17, 2024. Posted in Buying Tips, For Buyers, Inventory, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Mortgage Rates.

A shift is underway in the housing market this season. And if you’ve been sitting on the sidelines waiting for the right moment to jump back into your homebuying search, this is a great time to do it. That’s because the best week to buy a home this year is just around the corner. Your sweet spot is here. The experts at Realtor.com study seasonal trends to figure out the ideal week for homebuyers:“Nationally, the best time to buy in 2024 is the week of Sept. 29–Oct. 5. This week historically has shown the best balance of market conditions that favor buyers. Inventory tends to be high, prices...

Checklist for Getting Your House Ready To Sell

Written by Merritt Island FL Mortgage Syndicated User on September 14, 2024. Posted in For Sellers, Infographics, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Selling Tips.

Some HighlightsGetting your house ready to sell? Here’s a few tips on what you may want to do to prepare.Focus on making it inviting, showing it’s cared for, and boosting your curb appeal.If you want specific advice to help your house stand out in your local market, connect with a real estate professional.?

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