Home Values Rise Even as Median Prices Fall

Written by Boynton Beach Mortgage Syndicated User on October 4, 2024. Posted in Boynton Beach Condo Financing, Boynton Beach Mortgage, For Buyers, For Sellers, Home Prices.

Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion. And as a buyer or seller, it’s easy to assume that means prices are coming down. But here’s the catch: those numbers don’t tell the full story.Nationally, home values are actually rising, even if the median price is down a bit. Let’s break down what’s really happening so you can make sense of the market without getting caught up in the fear the headlines create.Homes on the Market Right Now Are SmallerThe biggest reason for the dip in median price...

Secrets To Selling Your House Quickly

Written by Boynton Beach Mortgage Syndicated User on October 3, 2024. Posted in Boynton Beach Condo Financing, Boynton Beach Mortgage, For Sellers, Selling Tips.

Seeing your house sit on the market without any bites is the ultimate frustration. And unfortunately, some sellers are in that tricky spot today.According to data from the National Association of Realtors (NAR), the average time a house spends on the market has increased over the past few years (see graph below):A recent post from Realtor.com notes a similar trend:“During the week ending Sept. 14, homes stayed on the market eight days longer compared to last year. With more choices available and mortgage rates expected to fall, buyers are taking their time, which means sellers will need to be...

Don’t Fall for These Real Estate Agent Myths

Written by Boynton Beach Mortgage Syndicated User on September 27, 2024. Posted in Agent Value, Boynton Beach Condo Financing, Boynton Beach Mortgage, Buying Tips, For Buyers, For Sellers, 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 agents...

Is Your House Priced Too High?

Written by Boynton Beach Mortgage Syndicated User on September 24, 2024. Posted in Agent Value, Boynton Beach Condo Financing, Boynton Beach Mortgage, For Sellers, Selling Tips.

Every seller wants to get their house sold quickly, for as much money as they can, with as few headaches as possible. And chances are, you’re no different.But did you know one of the biggest things that could jeopardize your success is the asking price for your home? Pricing your house correctly is one of the most crucial steps in the selling process.So, how do you know if you’re missing the mark? Here are four signs your high asking price might be turning potential buyers away—and why leaning on your real estate agent is the best way to course correct.1. You’re Not Getting Many Showings or...

Falling Mortgage Rates Are Bringing Buyers Back

Written by Boynton Beach Mortgage Syndicated User on September 20, 2024. Posted in Boynton Beach Condo Financing, Boynton Beach Mortgage, For Sellers, Mortgage Rates, Selling Tips.

If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming down due to a number of economic factors. And yesterday the Federal Reserve cut the Federal Funds Rate for the first time since they began raising that rate in March 2022. And while they don’t control mortgage rates, this sets the stage for mortgage rates to fall even further than they already have – especially since more cuts from the Fed are...

Mortgage Rates Drop to Lowest Level in over a Year and a Half

Written by Boynton Beach Mortgage Syndicated User on September 18, 2024. Posted in Boynton Beach Condo Financing, Boynton Beach Mortgage, For Buyers, For Sellers, Mortgage Rates.

Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment.Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that’s happened recently isn’t small. As Sam Khater, Chief Economist at Freddie Mac, says:“Mortgage rates have fallen more than half a percent . . . and are at their lowest level since February 2023.”But if you want to see it to really believe it, here’s how the math shakes out. Take a closer look at the...

Checklist for Getting Your House Ready To Sell

Written by Boynton Beach Mortgage Syndicated User on September 14, 2024. Posted in Boynton Beach Condo Financing, Boynton Beach Mortgage, For Sellers, Infographics, Selling Tips.

Some HighlightsGetting your house ready to sell? Here’s a few tips on what you may want to do to prepare.Focus on making it inviting, showing it’s cared for, and boosting your curb appeal.If you want specific advice to help your house stand out in your local market, connect with a real estate professional.?

The Real Story Behind What’s Happening with Home Prices

Written by Boynton Beach Mortgage Syndicated User on September 12, 2024. Posted in Boynton Beach Condo Financing, Boynton Beach Mortgage, For Buyers, For Sellers, Home Prices.

If you’re wondering what’s going on with home prices lately, you’re definitely not the only one. With so much information out there, it can be hard to figure out your next move.As a buyer, you might be worried about paying more than you should. And if you’re thinking of selling, you might be concerned about not getting the price you’re aiming for. So, here’s a quick breakdown to help clear things up and show you what’s really happening with prices—whether you’re thinking about buying or selling. Home Price Growth Is Slowing, but Prices Aren’t Falling NationallyThroughout...

The Surprising Amount of Home Equity You’ve Gained over the Years

Written by Boynton Beach Mortgage Syndicated User on September 10, 2024. Posted in Boynton Beach Condo Financing, Boynton Beach Mortgage, For Sellers, Home Prices, Inventory.

There are a number of reasons you may be thinking about selling your house. And as you weigh your options, you may find you’re unsure how you’re going to deal with one thing about today’s housing market – and that’s affordability. If that’s your biggest concern, understanding how much equity you have in your house could help make your decision that much easier. Here are two key factors that have a big impact on your equity.How Long You’ve Been in Your HomeFirst up is homeowner tenure. That’s how long homeowners live in a house, on average, before selling or choosing to move. From 1985 to 2009,...

Should You Sell Now? The Lifestyle Factors That Could Tip the Scale

Written by Boynton Beach Mortgage Syndicated User on September 4, 2024. Posted in Boynton Beach Condo Financing, Boynton Beach Mortgage, For Sellers, Selling Tips.

Are you on the fence about whether to sell your house now or hold off? It’s a common dilemma, but here’s a key point to consider: your lifestyle might be the biggest factor in your decision. While financial aspects are important, sometimes the personal motivations for moving are reason enough to make the leap sooner rather than later.An annual report from the National Association of Realtors (NAR) offers insight into why homeowners like you chose to sell. All of the top reasons are related to life changes. As the graph below highlights:As the visual shows, the biggest motivators were the desire...

Category: For Sellers