Don’t Tackle Selling Your Home on Your Own – an Agent Can Help

Written by Cedar Key Mortgage Syndicated User on September 29, 2021. Posted in Cedar Key Mortgage, For Sellers, FSBOs, Mortgage Cedar Key, Selling Myths.

If you’re looking to maximize your sale and minimize your effort, you need to work with a real estate professional. In a sellers’ market like today’s, it can be tempting to list your house on your own – known as For Sale By Owner (FSBO). But the truth is, a real estate professional can save you time and money by managing every step of the process, from pricing your home to reviewing documents and handling negotiations. Before you decide to sell your house on your own, here are five reasons why working with an agent is your best bet to maximize the sale of your home. 1. First impressions...

Early October is the Sweet Spot for Buyers

Written by Cedar Key Mortgage Syndicated User on September 28, 2021. Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Cedar Key, Move-Up Buyers.

Are you looking to buy a home? If so, we’ve got good news for you. While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search for your dream home. If you find yourself a bit discouraged, hear this: there are clear signs buyers may have more opportunities this fall. According to realtor.com, the sweet spot for buyers is just around the corner. In a recent study, experts...

If You’re a Buyer, Is Offering Asking Price Enough?

Written by Cedar Key Mortgage Syndicated User on September 27, 2021. Posted in Buying Myths, Cedar Key Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Cedar Key, Move-Up Buyers.

In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. From there, the buyer and seller typically negotiate and agree on a revised price somewhere in the middle. Things Are Different Today Today’s housing market is anything but normal. According to the National Association of Realtors (NAR), homes today are: Receiving an average of 3.8 offers Selling in just 17 days Homes selling...

It’s Still a Sellers’ Market [INFOGRAPHIC]

Written by Cedar Key Mortgage Syndicated User on September 24, 2021. Posted in Cedar Key Mortgage, For Sellers, Housing Market Updates, Infographics, Mortgage Cedar Key, Move-Up Buyers, Pricing.

Some Highlights Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. That might be why 73% of people believe it’s a good time to sell. Sellers, don’t miss out on this unique opportunity. Let’s connect so you can take advantage of this hot sellers’ market. Content previously posted on Keeping Current Matters

Two Reasons Why Waiting a Year To Buy Could Cost You

Written by Cedar Key Mortgage Syndicated User on September 23, 2021. Posted in Buying Myths, Cedar Key Mortgage, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Cedar Key, Move-Up Buyers, Pricing.

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself two simple questions: What will home prices be like in 2022? Where will mortgage rates be by the end of 2022? Let’s shed some light on the answers to both of these questions. What will home prices be like in 2022? Three major housing industry entities project continued home price appreciation for...

Is a 20% Down Payment Really Necessary To Purchase a Home?

Written by Cedar Key Mortgage Syndicated User on September 22, 2021. Posted in Buying Myths, Cedar Key Mortgage, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Millennials, Mortgage Cedar Key.

There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That may be because those individuals assume a 20% down payment is necessary. While putting more money down if you’re able can benefit buyers, putting 20% down is not mandatory. As Freddie Mac puts it: “The most damaging down payment myth—since it stops the homebuying process...

Have You Ever Seen a Housing Market Like This? [INFOGRAPHIC]

Written by Cedar Key Mortgage Syndicated User on September 21, 2021. Posted in Cedar Key Mortgage, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Mortgage Cedar Key, Rent vs. Buy.

Some Highlights Whether you’re buying or selling – today’s housing market has plenty of good news to go around. Buyers can take advantage of today’s mortgage rates to escape rising rents and keep monthly payments affordable. Sellers can reap the benefits of multiple offers and a fast sale. If this sounds like good news to you, let’s connect today so you can capitalize on the unique opportunity you have in today’s market. Content previously posted on Keeping Current Matters

Is It Time To Move on to a New Home?

Written by Cedar Key Mortgage Syndicated User on September 21, 2021. Posted in Cedar Key Mortgage, For Buyers, For Sellers, Mortgage Cedar Key, Move-Up Buyers.

If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical averages (see graph below):As the graph shows, before 2008, homeowners sold their houses after an average of just five years. Today, that number has more than doubled to over 10 years. The housing industry refers to this as your tenure. To really explore tenure, it’s important to understand what drives people to make a move. An article from The Balance explores some of the primary reasons individuals choose to sell...

Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need?

Written by Cedar Key Mortgage Syndicated User on September 21, 2021. Posted in Cedar Key Mortgage, For Buyers, For Sellers, Mortgage Cedar Key, Move-Up Buyers.

A lot has changed over the past year. For many people, the rise in remote work influenced what they’re looking for in a home and created a greater appetite for a dedicated home office. Some professionals took advantage of the situation and purchased a bigger home. Other people thought working from home would be temporary, so they chose to get creative and make the space they already had work for them. But recent headlines indicate working from home isn’t a passing fad. If you’re still longing for a dedicated home office, now may be the time to find the home that addresses your evolving...

Why It’s Still Safe To Sell Your Home

Written by Cedar Key Mortgage Syndicated User on September 21, 2021. Posted in Cedar Key Mortgage, For Sellers, Housing Market Updates, Mortgage Cedar Key, Selling Myths.

If you’re on the fence about whether or not you want to sell your house this year, there’s good news. Real estate professionals are highly experienced in how to sell houses safely during the pandemic. Over the last year, agents have adopted new technologies and safety measures designed to keep you safe. And experts say these practices are here to stay. As Bob Goldberg, CEO of the National Association of Realtors (NAR), puts it: “The pandemic has confirmed to all of us in the industry that technology will continue to transform real estate.” Below is a closer look at some of the new tools...

Category: Cedar Key Mortgage