Why Waiting To Sell Your House Could Cost You a Small Fortune

Written by Cedar Key Mortgage Syndicated User on January 5, 2022. Posted in Cedar Key Mortgage, For Sellers, Housing Market Updates, Interest Rates, Mortgage Cedar Key, Move-Up Buyers, Pricing, Selling Myths.

Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and July. However, this year’s expected to be much different than the norm. Here are five reasons to list your house now rather than waiting until the spring. 1. Buyers Are Looking Right Now, and They’re Ready To Purchase The ShowingTime Showing Index reports data from more than six million property showings scheduled across the country each month. In other words, it’s a gauge of how many buyers are out looking...

5 Tips for Making Your Best Offer on a Home

Written by Cedar Key Mortgage Syndicated User on December 28, 2021. Posted in Buying Myths, Cedar Key Mortgage, First Time Home Buyers, For Buyers, Mortgage Cedar Key, Move-Up Buyers.

As a buyer in a sellers’ market, sometimes it can feel like you’re stuck between a rock and a hard place. When you’re ready to make an offer on a home, remember these five easy tips to help you rise above the competition. 1. Know Your Budget Knowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. As Freddie Mac puts it: “This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer.” Showing...

When a House Becomes a Home

Written by Cedar Key Mortgage Syndicated User on December 23, 2021. Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, Mortgage Cedar Key, Move-Up Buyers.

It’s clear that owning a home makes financial sense. But lately, the emotional side of what drives homeownership is becoming increasingly important. No matter the living space, the feeling of a home means different things to different people. Whether it’s a familiar scent or a favorite chair, the feel-good connections to our own homes can be more important to us than the financial ones. Here are some of the reasons why. 1. Owning your home is an accomplishment worth celebrating You’ve put in a lot of work to achieve the dream of homeownership, and whether it’s your first home or your fifth,...

The Perks of Putting 20% Down on a Home

Written by Cedar Key Mortgage Syndicated User on December 22, 2021. Posted in Cedar Key Mortgage, Down Payments, First Time Home Buyers, For Buyers, Mortgage Cedar Key, Move-Up Buyers.

If you’re thinking of buying a home, you’re probably wondering what you need to save for your down payment. Is it 20% of the loan, or could you put down less? While there are lower down payment programs available that allow qualified buyers to put down as little as 3.5%, it’s important to understand the many perks that come with a 20% down payment. Here are four reasons why putting 20% down may be a great option if it works within your budget. 1. Your Interest Rate May Be Lower A 20% down payment vs. a 3-5% down payment shows your lender you’re more financially stable and not a large credit...

Homebuyers: Be Ready To Act This Winter

Written by Cedar Key Mortgage Syndicated User on December 20, 2021. Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Cedar Key, Move-Up Buyers.

To succeed as a buyer in today’s market, it’s important to understand which market trends will have the greatest impact on your home search. Danielle Hale, Chief Economist at realtor.com, says there are two factors every buyer should keep their eyes on: “Going forward, the conditions buyers face are primarily dependent on two things: mortgage rates and housing supply.” Here’s a look at each one. Mortgage Rates Projected To Rise in 2022 As a buyer, your interest rate directly impacts how much you’ll pay on your monthly mortgage when you purchase a home. Rates are beginning to rise, and experts...

2022 Housing Market Forecast [INFOGRAPHIC]

Written by Cedar Key Mortgage Syndicated User on December 17, 2021. Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Mortgage Cedar Key, Move-Up Buyers, Pricing.

Some Highlights What does the coming year hold for the housing market? Here’s what experts project for 2022. Mortgage rates are projected to rise and so are home prices. Experts are forecasting buyer demand will remain strong as people try to capitalize on rates and prices before they climb, creating another strong year for home sales. Let’s connect so you can make your best move in the new year. Content previously posted on Keeping Current Matters

Homebuyers Are Going on a Shopping Spree This Winter

Written by Cedar Key Mortgage Syndicated User on December 16, 2021. Posted in Cedar Key Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Cedar Key, Move-Up Buyers.

Black Friday and Cyber Monday are over, which means some shoppers have wrapped up their holiday buying. But there’s still a group of buyers that are very active this holiday season – homebuyers. Experts anticipate the real estate market will see a flurry of activity this winter, and that’s great news for today’s sellers. If you’re planning on listing your home, there’s no need to wait until the spring for better conditions – today’s real estate market is already heating up. Buyers Have Warmed Up to the Idea of Purchasing This Winter The past 18 months brought about significant lifestyle changes...

What Everyone Wants To Know: Will Home Prices Decline in 2022?

Written by Cedar Key Mortgage Syndicated User on December 15, 2021. Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Cedar Key, Move-Up Buyers, Pricing.

If you’re thinking of buying a home in today’s housing market, you may be wondering how strong your investment will be. You might be asking yourself: if I buy a home now, will it lose value? Or will it continue to appreciate going forward? The good news is, according to the experts, home prices are not projected to decline. Here’s why. With buyers still outweighing sellers, home prices are forecast to continue climbing in 2022, just at a slower or more moderate pace. Why the continued increase? It’s the simple law of supply and demand. When there are fewer items on the market than there are...

Two Reasons Why Waiting To Buy a Home Will Cost You

Written by Cedar Key Mortgage Syndicated User on December 9, 2021. Posted in Buying Myths, Cedar Key Mortgage, First Time Home Buyers, For Buyers, Interest Rates, Mortgage Cedar Key, Move-Up Buyers, Pricing.

If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home. To determine whether you should buy now or wait another year, you can ask yourself two simple questions: Where will home prices be a year from now? Where will mortgage rates be a year from now? Let’s shed some light on the answers to both of these questions. Where Will Home Prices Be a Year from Now? Three major housing industry entities are projecting...

Struggling To Find a Home To Buy? New Construction May Be an Option.

Written by Cedar Key Mortgage Syndicated User on December 8, 2021. Posted in Cedar Key Mortgage, For Buyers, Mortgage Cedar Key, Move-Up Buyers, New Construction.

There’s no question that the financial benefits of selling a house are outstanding today. Now is truly a great time to list if you’re ready to make a change. But if you do sell your house right now, you may be wondering where you’ll go when you move. With so few homes available to buy right now, you might be considering building a new home as one of your options. But you may be unsure if that’s the way to go. Let’s compare the benefits of a newly built home versus moving into an existing one, and why working with a real estate agent throughout the process is mission-critical to your success...

Category: Move-Up Buyers