Buy Now, or Wait?

Written by Emerald Coast Mortgage Syndicated User on October 1, 2024. Posted in Buying Tips, Emerald Coast Mortgage, For Buyers, Infographics, Mortgage Emerald Coast, Mortgage Rates.

Some HighlightsIf you’re wondering if you should buy now or wait, here’s what you need to know. If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you buy now, you’d get ahead of that and have the chance to start building equity.Should you buy now or wait? Connect with a real estate agent and talk through it together, so you can make your best decision.

Don’t Fall for These Real Estate Agent Myths

Written by Emerald Coast Mortgage Syndicated User on October 1, 2024. Posted in Agent Value, Buying Tips, Emerald Coast Mortgage, For Buyers, For Sellers, Mortgage Emerald Coast, 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...

How To Avoid Today’s Top Seller Mistakes

Written by Emerald Coast Mortgage Syndicated User on September 1, 2024. Posted in Emerald Coast Mortgage, For Sellers, Infographics, Mortgage Emerald Coast, Selling Tips.

Some HighlightsWant to know some of the top mistakes sellers are making today and how to make sure they don’t happen to you too?The biggest missteps are pricing a house too high, skipping repairs, not being objective, and not being willing to negotiate.And the best way to avoid falling into any of these traps is to partner with a real estate agent and lean on them for advice.

Are We Heading into a Balanced Market?

Written by Emerald Coast Mortgage Syndicated User on September 1, 2024. Posted in Emerald Coast Mortgage, For Buyers, For Sellers, Inventory, Mortgage Emerald Coast.

If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.What Is a Balanced Market?A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more...

2025 Housing Market Forecasts: What To Expect

Written by Emerald Coast Mortgage Syndicated User on September 1, 2024. Posted in Emerald Coast Mortgage, For Buyers, For Sellers, Forecasts, Home Prices, Mortgage Emerald Coast, Mortgage Rates.

Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans.Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025.Mortgage Rates Are Projected To Come Down SlightlyMortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association...

Why the Sandwich Generation Is Buying Multi-Generational Homes

Written by Emerald Coast Mortgage Syndicated User on August 1, 2024. Posted in Buying Tips, Emerald Coast Mortgage, For Buyers, Mortgage Emerald Coast.

Are you a part of the Sandwich Generation? According to Realtor.com, that’s a name for the roughly one in six Americans who take care of their children and their parents or grandparents at the same time.If that sounds familiar to you, juggling all the responsibilities involved certainly must have its challenges. But it turns out there’s one pretty significant benefit: it can actually make it a bit easier for you to buy a home.How Can It Help You Buy a Home?Realtor.com asked members of the Sandwich Generation if they agree or disagree that taking care of children and parents at the same time...

Should You Rent Out or Sell Your House?

Written by Emerald Coast Mortgage Syndicated User on August 1, 2024. Posted in Emerald Coast Mortgage, For Sellers, Mortgage Emerald Coast, Rent vs. Buy, Selling Tips.

Figuring out what to do with your house when you’re ready to move can be a big decision. Should you sell it and use the money for your next adventure, or keep it as a rental to build long-term wealth?It’s a question many homeowners face, and the answer isn’t always straightforward. Whether you’re curious about the potential income from renting or worried about the responsibilities of being a landlord, there’s a lot to consider.Let’s walk through some key questions to ask to help you make the best decision for your situation.Is Your House a Good Fit for Renting?Even...

The Biggest Mistakes Sellers Are Making Right Now

Written by Emerald Coast Mortgage Syndicated User on August 1, 2024. Posted in Emerald Coast Mortgage, For Sellers, Mortgage Emerald Coast, Selling Tips.

The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity at the same time the supply of homes for sale is growing.And if you aren’t working with an agent, you may not realize that. Here’s the downside. If you’re not informed, you can’t adjust your strategy or expectations to today’s market. And that can lead to a number of costly mistakes.Here’s a look at some of the most common ones – and how an agent will help you avoid them when you sell. 1. Overpricing Your HouseMany sellers set their asking price too high and that’s why there’s an...

Are Home Prices Going To Come Down?

Written by Emerald Coast Mortgage Syndicated User on August 1, 2024. Posted in Emerald Coast Mortgage, For Buyers, Home Prices, Mortgage Emerald Coast.

Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means.Here’s what Danielle Hale, Chief Economist at Realtor.com, says: “In stock market terms, a correction is generally referred to as a 10 to 20% drop in prices . . . We don’t have the same established definitions in the housing market.”In the context of today’s housing market, it doesn’t mean home prices are going to fall...

What To Do When Your House Didn’t Sell

Written by Emerald Coast Mortgage Syndicated User on July 1, 2024. Posted in Emerald Coast Mortgage, For Sellers, Mortgage Emerald Coast, Selling Tips.

If your listing expired and your house didn’t sell, it’s totally natural to feel a mix of frustration and disappointment. And as you’re working through that, you’re probably also wondering what went wrong and what you should do next.If you still need to move and want to get it back on the market, here are some things to consider as you look back.Was It Priced for Today’s Market?Setting the right price from the start is key. While it might be tempting to try shooting high with your price, that can slow down the selling process big time. If your house was priced higher than others similar to...

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