Planning to Retire? It Could Be Time To Make a Move.

Written by St. George Island Mortgage Mortgage Syndicated User on December 16, 2022. Posted in Baby Boomers, Demographics, For Sellers, Mortgage St. George Island, Move-Up Buyers, Senior Market, St. George Island Mortgage.

If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that decision. Consider How Long You’ve Been in Your Home From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning...

You May Have More Negotiation Power When You Buy a Home Today

Written by St. George Island Mortgage Mortgage Syndicated User on December 15, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage St. George Island, Move-Up Buyers, St. George Island Mortgage.

Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from other buyers. And with less competition comes more opportunity. Here are two trends that may be the news you need to reenter the market. 1. The Return of Contingencies Over the last two years, more buyers were willing to skip important steps in the homebuying process, like the appraisal...

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities.

Written by St. George Island Mortgage Mortgage Syndicated User on December 14, 2022. Posted in For Sellers, Housing Market Updates, Mortgage St. George Island, Selling Myths, St. George Island Mortgage.

At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market. An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It shows supply has surpassed 2021 levels by 58%. But the further back you look, the more you’ll understand the bigger picture. And if you go all the way back to 2019, the last normal year in real estate, we’re roughly 35% below the housing...

What Every Seller Should Know About Home Prices

Written by St. George Island Mortgage Mortgage Syndicated User on December 13, 2022. Posted in For Sellers, Housing Market Updates, Mortgage St. George Island, Selling Myths, St. George Island Mortgage.

If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know. What’s Really Happening with Home Prices? It’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those headlines are designed to make a big impression in just a few words. But what headlines aren’t always great at is painting the full picture. While home prices are down slightly month-over-month...

Reasons To Sell Your House This Season [INFOGRAPHIC]

Written by St. George Island Mortgage Mortgage Syndicated User on December 10, 2022. Posted in For Sellers, Housing Market Updates, Infographics, Mortgage St. George Island, Selling Myths, St. George Island Mortgage.

Some Highlights If you’re planning to make a move but aren’t sure if now’s the right time, here are a few reasons why you shouldn’t wait to sell your house. The supply of homes for sale, while growing, is still low today. Plus, serious buyers are out looking right now, and many are hoping to avoid falling into the rental trap for another year. Let’s connect to determine if selling your house before the new year is the right move for you. Content previously posted on Keeping Current Matters

Homeownership Is an Investment in Your Future

Written by St. George Island Mortgage Mortgage Syndicated User on December 9, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Mortgage St. George Island, Move-Up Buyers, Rent vs. Buy, St. George Island Mortgage.

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains: “The desire for homeownership is strong. Many prospective buyers are waiting for the volatility in mortgage rates to subside, as well as for a clearer picture of the economic outlook.” If you’re in that position, remember that it’s important to consider not just what’s happening today but also what benefits you...

Key Advantages of Buying a Home Today

Written by St. George Island Mortgage Mortgage Syndicated User on December 8, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage St. George Island, Move-Up Buyers, St. George Island Mortgage.

There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to rising mortgage rates. Buying a home in any market is a personal decision, and the best way to make that decision is to educate yourself on the facts, not following sensationalized headlines in the news today. The reality is, headlines do more to terrify people thinking about buying...

What’s Going on with Home Prices? Ask a Professional.

Written by St. George Island Mortgage Mortgage Syndicated User on December 7, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage St. George Island, Pricing, St. George Island Mortgage.

If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in each local market. That means, moving forward, home price appreciation will continue to vary by location, with more significant changes happening in overheated areas. Here’s a quick snapshot of what the experts are saying: Danielle Hale, Chief Economist at realtor.com, says: “The...

Prioritizing Your Wants and Needs as a Homebuyer in Today’s Market

Written by St. George Island Mortgage Mortgage Syndicated User on December 6, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Mortgage St. George Island, Move-Up Buyers, St. George Island Mortgage.

There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter, you’ll need to be strategic so you can find a home that meets your needs and budget. Danielle Hale, Chief Economist at realtor.com, explains: “The key to making a good decision in this challenging housing market is to be laser focused on what you need now and in the years ahead, . . . Another key point...

Winter Home Selling Checklist [INFOGRAPHIC]

Written by St. George Island Mortgage Mortgage Syndicated User on December 3, 2022. Posted in For Sellers, FSBOs, Infographics, Mortgage St. George Island, Selling Myths, St. George Island Mortgage.

Some Highlights As you get ready to sell your house, focus on tasks that make it inviting, show it’s cared for, and boost your curb appeal. This list will help you get started, but don’t forget, a real estate professional will provide other helpful tips based on your specific situation. Let’s connect so you have advice on what you may want to do to get your house ready to sell this season. Content previously posted on Keeping Current Matters

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