This Spring Presents Sellers with a Golden Opportunity

Written by Palm Beach Gardens Mortgage Syndicated User on March 15, 2022. Posted in For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage, Pricing.

If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. If that’s the case, you should know – you may be able to get the best of both worlds today. Here are four reasons why this spring may be your golden window of opportunity. 1. The Number of Homes on the Market Is Still Low Today’s limited supply of houses for sale is putting sellers in the driver’s seat. There are far more buyers in the market today than there are homes available....

Key Terms for Homebuyers [INFOGRAPHIC]

Written by Palm Beach Gardens Mortgage Syndicated User on March 12, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

Some Highlights Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford. Terms like appraisal (what lenders rely on to validate a home’s value) and the inspection contingency (which gives buyers essential information on a home’s condition) directly impact the transaction. Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. Let’s connect so you have an expert guide and advice for any questions that may come up. Content previously...

How To Navigate a Market Where Multiple Offers Is the New Normal

Written by Palm Beach Gardens Mortgage Syndicated User on March 11, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you? As a buyer, low housing supply coupled with high buyer demand means you should be prepared to navigate a highly competitive market where homes sell fast and get multiple offers. Realtor.com has this to say: “Homes also flew off the market at record pace as buyers put offers in the moment properties came up for sale….” In a bidding war situation like this, doing everything you can to get ahead of the competition is a wise move. That’s because...

Key Factors That Impact Affordability Today

Written by Palm Beach Gardens Mortgage Syndicated User on March 10, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage, Pricing.

You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now unaffordable. There are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each of these components. 1. Home Prices The most recent Home Price Insights report by CoreLogic shows home values have increased by 19.1% from last January to this January. That was one reason...

How Global Uncertainty Is Impacting Mortgage Rates

Written by Palm Beach Gardens Mortgage Syndicated User on March 9, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January of this year. And just a few weeks ago, the 30-year fixed mortgage rate from Freddie Mac approached 4% for the first time since May of 2019. But that climb has dropped slightly over the past few weeks (see graph below): The recent decline in mortgage rates is primarily due to growing uncertainty around geopolitical tensions surrounding Russia and Ukraine. But experts say it’s to be expected. Here’s a look...

Why It’s Critical To Price Your House Right

Written by Palm Beach Gardens Mortgage Syndicated User on March 8, 2022. Posted in For Sellers, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage, Pricing, Selling Myths.

When you make a move, you want to sell your house for the highest price possible. That might be why many homeowners are eager to list in today’s sellers’ market. After all, with record-low inventory and high buyer demand, many homes are selling for more than asking price. Data from the National Association of Realtors (NAR) shows 46% of homes are selling above list price today. But even in a market like we have now, working with an agent to set the right asking price is critical, as pricing it too high or too low could have a negative impact on your final sale. Here’s why. Pricing Your House...

Down Payment Assistance Programs Can Help You Achieve Homeownership

Written by Palm Beach Gardens Mortgage Syndicated User on March 6, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

For many homebuyers, the thought of saving for a down payment can feel daunting, especially in today’s market. That’s why, when asked what they find most difficult in the homebuying process, some buyers say it’s one of the hardest steps on the path to homeownership. Data from the National Association of Realtors (NAR) shows: “For first-time home buyers, 29 percent said saving for a downpayment [sic] was the most difficult step in the process.” If you’re finding that your down payment is your biggest hurdle, the good news is there are many down payment assistance programs available that can...

Florida Mortgage | Your House Could Be the Gift That Keeps Giving This Holiday Season

Written by Palm Beach Gardens Mortgage Syndicated User on March 6, 2022. Posted in Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

Florida Mortgage | Your House Could Be the Gift That Keeps Giving This Holiday Season. Many buyers are searching for a home right now, but there aren’t enough for sale. Let’s connect to start the process of selling your home this winter. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Florida Mortgage | Why You Shouldn’t Sell Your House on Your Own

Written by Palm Beach Gardens Mortgage Syndicated User on March 6, 2022. Posted in Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

Florida Mortgage | Why You Shouldn’t Sell Your House on Your Own | There’s more to selling your house than putting up a For Sale sign. Let’s connect so you have an expert on your side when you’re ready to sell. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Are Home Prices Continuing To Rise?

Written by Palm Beach Gardens Mortgage Syndicated User on March 6, 2022. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage, Pricing.

Many analysts projected home price appreciation would slow dramatically in the fall of 2021 and then continue to soften throughout 2022. So far, that hasn’t happened. The major price indices are all revealing ongoing double-digit price appreciation. Here’s a look at their reports on year-over-year price appreciation for December: Federal Housing Finance Agency (FHFA): 17.6% S&P Case-Shiller: 18.8% CoreLogic: 18.5% To show that they’re not seeing signs of softening, here’s a graph that gives the progression of all three indices for each month of 2021. As the graph above reveals, last...

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