Your Home Equity Can Offset Affordability Challenges

Written by Florida VA Loan Syndicated User on September 20, 2023. Posted in Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Sellers, Housing Market Updates, Interest Rates, Selling Myths.

Are you thinking about selling your house? If so, today’s mortgage rates may be making you wonder if that’s the right decision. Some homeowners are reluctant to sell and take on a higher mortgage rate on their next home. If you’re worried about this too, know that even though rates are high right now, so is home equity. Here’s what you need to know.Bankrate explains exactly what equity is and how it grows:“Home equity is the portion of your home that you’ve paid off and own outright. It’s the difference between what the home is worth and how much is still owed on your mortgage. As your home’s...

Are More Homes Coming onto the Market?

Written by Florida VA Loan Syndicated User on September 19, 2023. Posted in Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Sellers, Housing Market Updates, Selling Myths.

An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially if it’s priced right.But there are some early signs that more listings are coming. According to the latest data, new listings (homeowners who just put their house up for sale) are trending up. Here’s a look at why this is noteworthy and what it may mean for you.More Homes Are Coming onto the Market than UsualIt’s well known that...

Plenty of Buyers Are Still Active Today [INFOGRAPHIC]

Written by Florida VA Loan Syndicated User on September 16, 2023. Posted in Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Sellers, Housing Market Updates, Infographics, Selling Myths.

Some HighlightsHolding off on selling your house because you believe there aren’t any buyers out there?Data shows buyers are still active, even with higher mortgage rates. This goes to show, people still want to buy homes, and those who can are moving now.Don’t delay your plan to sell for fear no one is buying. The opposite is true and buyer traffic is still strong today. Connect with a real estate agent to get your house in front of these buyers.

Planning to Retire? Your Equity Can Help You Make a Move

Written by Florida VA Loan Syndicated User on September 12, 2023. Posted in Demographics, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Sellers, Selling Myths.

Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities. As the door to this exciting chapter opens, one thing you may be considering is selling your house and finding a home better suited for your evolving needs.Fortunately, you may be in a better position to make a move than you realize. Here are a few reasons why.Consider How Long You’ve Been in Your HomeFrom 1985 to 2009, the average length of time homeowners stayed in their homes was roughly six years. But according to the National Association of Realtors (NAR), that number is higher...

Why It’s Still a Seller’s Market Today

Written by Florida VA Loan Syndicated User on September 5, 2023. Posted in Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Sellers, Housing Market Updates, Selling Myths.

Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house?The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Housing inventory is measured by the number of available homes on the market. It’s also measured by months’ supply, meaning the number of months it would take to sell all those available...

Buyer Traffic Is Still Stronger than the Norm

Written by Florida VA Loan Syndicated User on August 31, 2023. Posted in Demographics, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Sellers, Housing Market Updates, Selling Myths.

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it.The ShowingTime Showing Index is a measure of buyers touring homes. The graph below uses the latest numbers available and compares them to the same month in the last normal years to show just how active today’s buyers still are:As you can see, when June 2023 numbers are stacked alongside what’s typical for the housing market at this time of...

Why You May Still Want To Sell Your House After All

Written by Florida VA Loan Syndicated User on August 30, 2023. Posted in Demographics, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Sellers, Selling Myths.

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider. While the financial side of things does matter, your personal needs may actually matter just as much. As an article from Bankrate says:“Deciding whether it’s the right time to sell your home is a very personal decision. There are numerous important questions to consider, both financial and lifestyle-based, before putting your home on the market.”So, ask yourself this: why did I want to move in the first place?Chances are your...

Today’s Housing Market Has Only Half the Usual Inventory [INFOGRAPHIC]

Written by Florida VA Loan Syndicated User on August 26, 2023. Posted in Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Sellers, Housing Market Updates, Infographics, Selling Myths.

Some HighlightsThere are only about half the number of homes for sale compared to the last normal years in the market. That means buyers don’t have enough options right now. So, if you work with an agent to list your house, it should be in the spotlight. If you’re thinking of selling, get in touch with a local real estate agent so your house can stand out while there’s such a shortage of supply and buyers are craving more options.

More Jobs and Better Pay Leads to More Buyer Demand

Written by Florida VA Loan Syndicated User on August 25, 2023. Posted in Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Sellers, Housing Market Updates, Selling Myths.

There’s been talk about a recession for quite a while now. But the economy has been remarkably resilient. Why? One reason is employment and wages have stayed strong. Let’s look at the latest information on each one and why both are good news if you’re thinking about selling your house.More Jobs Are Being CreatedInstead of facing the job losses typical of any recession, the economy has been growing and adding jobs. According to the Bureau of Labor Statistics (BLS), 187,000 jobs were created in July, which is up from the 185,000 created in June. That means more people are finding work. In fact,...

Why You Need a True Expert in Today’s Housing Market

Written by Florida VA Loan Syndicated User on August 24, 2023. Posted in Buying Myths, First Time Home Buyers, Florida VA Condo Loan, Florida VA Loan, Florida VA Loan Rates, For Buyers, For Sellers, Selling Myths.

The housing market continues to shift and change, and in a fast-moving landscape like we’re in right now, it’s more important than ever to have a trusted real estate agent on your side. Whether you’re buying your first home or selling once again, it’s mission critical to work with an expert who can guide you through each unique step of the process. The reality is, not all agents operate the same way. To truly make a powerful and confident decision as you buy or sell a home, you need a real estate expert who uses their knowledge of what’s really happening with home prices, housing supply, industry...

Category: Selling Myths