Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off

Written by Emerald Coast Mortgage Syndicated User on June 1, 2023. Posted in Emerald Coast Mortgage, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage Emerald Coast, Pricing.

Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years we just experienced is almost worthless. By ‘unicorn,’ this is the less common definition of the word:“Something that is greatly desired but difficult or impossible to find.” The pandemic profoundly changed real estate over the last few years....

We’re in a Sellers’ Market. What Does That Mean?

Written by Emerald Coast Mortgage Syndicated User on April 1, 2023. Posted in Emerald Coast Mortgage, For Sellers, Mortgage Emerald Coast, Selling Myths.

Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today so good if you want to list your house?It starts with the number of homes available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market...

4 Key Tips for Selling Your House This Spring

Written by Emerald Coast Mortgage Syndicated User on April 1, 2023. Posted in Emerald Coast Mortgage, For Sellers, Housing Market Updates, Mortgage Emerald Coast, Selling Myths.

Spring has arrived, and that means more and more people are getting their homes ready to sell. But with recent shifts in real estate, this year’s spring housing market will be different from the frenzy of the past several years. To sell your house quickly, without hassles, and for the most money, be sure to follow these four simple tips:1. Make Sure You Give Buyers AccessOne of the biggest mistakes you can make as a seller is limiting the days and times when buyers have access to view your home. In any market, if you want to maximize the sale of your house, you can’t limit potential buyers’...

An Expert Makes All the Difference When You Sell Your House

Written by Emerald Coast Mortgage Syndicated User on March 1, 2023. Posted in Emerald Coast Mortgage, For Sellers, FSBOs, Mortgage Emerald Coast.

If you’re thinking of selling your house, it’s important to work with someone who understands how the market is changing and what it means for you. Here are five reasons working with a professional can ensure you’ll get the most out of your sale.

Checklist for Selling Your House This Spring [INFOGRAPHIC]

Written by Emerald Coast Mortgage Syndicated User on March 1, 2023. Posted in Emerald Coast Mortgage, For Sellers, Infographics, Mortgage Emerald Coast.

Should You Rent Your House or Sell It?

Written by Emerald Coast Mortgage Syndicated User on February 1, 2023. Posted in Emerald Coast Mortgage, For Sellers, Mortgage Emerald Coast, Selling Myths.

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll survey, 28% of homeowners have considered using a rental service to temporarily rent out their home for additional income.

Lower Mortgage Rates Are Bringing Buyers Back to the Market

Written by Emerald Coast Mortgage Syndicated User on February 1, 2023. Posted in Emerald Coast Mortgage, For Sellers, Housing Market Updates, Mortgage Emerald Coast, Move-Up Buyers.

As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.

Where Will You Go If You Sell? You Have Options.

Written by Emerald Coast Mortgage Syndicated User on February 1, 2023. Posted in Emerald Coast Mortgage, For Sellers, Housing Market Updates, Mortgage Emerald Coast, Move-Up Buyers, New Construction.

There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.

Planning To Sell Your House? It’s Critical To Hire a Pro.

Written by Emerald Coast Mortgage Syndicated User on January 1, 2023. Posted in Emerald Coast Mortgage, For Sellers, FSBOs, Mortgage Emerald Coast, Selling Myths.

With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you’re thinking of selling your house, it’s important to understand how the market has changed and what that means for you. The best way to make sure you’re in the know is to work with a trusted housing market expert. Here are five reasons working with a professional can ensure you’ll get the most out of your sale. 1. A Real Estate Advisor Is an Expert on Market Trends Leslie Rouda Smith, 2022 President of the National Association of Realtors (NAR), explains: “During challenging...

3 Ways You Can Use Your Home Equity

Written by Emerald Coast Mortgage Syndicated User on December 1, 2022. Posted in Emerald Coast Mortgage, For Sellers, Housing Market Updates, Mortgage Emerald Coast, Move-Up Buyers.

If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now. As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. A real estate professional is the best resource to help you understand...

Category: For Sellers