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If Your House’s Price Is Not Compelling, It’s Not Selling

Written by Ponte Vedra Beach Mortgage Syndicated User on January 23, 2025. Posted in For Sellers, Home Prices, Selling Tips.

There’s one big mistake you need to avoid when you sell your house this year: setting your price too high. It might seem like overpricing gives you room to negotiate or could really boost your profit, but the reality is, it usually backfires.In fact, Realtor.com says almost 20% of sellers — that’s one in five — have to reduce their price to get their house sold. And you don’t want to be one of them. Here’s why starting too high can lead to trouble, and how to avoid it.Overpricing Pushes Buyers AwayWith mortgage rates and home prices where they are right now, buyers are already stretching their...

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Why More People Are Buying Multi-Generational Homes Today

Written by Ponte Vedra Beach Mortgage Syndicated User on January 22, 2025. Posted in Buying Tips, For Buyers.

Today, 17% of homebuyers are choosing multi-generational homes — that’s when you buy a house with your parents, adult children, or even distant relatives. What makes that noteworthy is that 17% is actually the highest level ever recorded by the National Association of Realtors (NAR). But what’s driving the recent rise in multi-generational living?Top Benefits of Choosing a Multi-Generational HomeIn the past, homebuyers often opted for multi-generational homes to make it easier to care for their parents. And while that’s still a key reason, it’s not the only one. Right now, there’s another powerful...

When Is the Perfect Time To Move?

Written by Ponte Vedra Beach Mortgage Syndicated User on January 21, 2025. Posted in For Buyers, Home Prices, Mortgage Rates.

It’s easy to get caught up in the idea of waiting for the perfect moment to make your move – especially in today’s market. Maybe you’re holding out and hoping mortgage rates will drop, or that home prices will fall. But here’s what you need to realize: trying to time the market rarely works. And here’s why.There is no perfect market.No matter when you buy, there’s always some benefit and some sort of trade-off – and that’s not a bad thing. That’s just the reality of it. If you’re not sure you buy into that, think back to the last 5 years in housing. Just a few years ago, mortgage rates hit a...

Florida Mortgage | How Mortgage Rates Affect Your Monthly Payment

Written by Ponte Vedra Beach Mortgage Syndicated User on January 20, 2025. Posted in Uncategorized.

How Mortgage Rates Affect Your Monthly Payment Experts say rates will come down slightly in the year ahead – but some volatility is expected. So, you shouldn’t try to time the market. Instead, it’s better to focus on how even a small change impacts your future mortgage payment. NMLS ID 1834853 | #mortgagerates #homebuying #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagetips #mortgageexperts

Florida Mortgage | 2025 Housing Market Forecasts

Written by Ponte Vedra Beach Mortgage Syndicated User on January 18, 2025. Posted in Uncategorized.

2025 Housing Market Forecasts | NMLS ID 1834853 The latest 2025 forecasts show mortgage rates are projected to come down slightly, prices are forecast to rise, and more homes will be available for sale. Want to know more about what this could mean for your plans this year? Contact us! #housingmarketforecasts #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgage

2025 Housing Market Forecasts

Written by Ponte Vedra Beach Mortgage Syndicated User on January 18, 2025. Posted in Home Prices, Infographics, Mortgage Rates.

Some HighlightsWondering what to expect when you buy or sell a home this year? Here’s what the experts say lies ahead.Mortgage rates are projected to come down slightly. Home prices are forecast to rise in most areas. And, there will be more homes available for sale.Want to know more about what this could mean for your plans this year? Connect with a local agent to discuss your 2025 goals.

One Homebuying Step You Don’t Want To Skip: Pre-Approval

Written by Ponte Vedra Beach Mortgage Syndicated User on January 17, 2025. Posted in For Buyers, Home Prices.

There’s one essential step in the homebuying process you may not know a whole lot about and that’s pre-approval. Here’s a rundown of what it is and why it’s so important right now.What Is Pre-Approval?Pre-approval is like getting a green light from a lender. It lets you know how much they’re willing to let you borrow for a home. To determine that number, a lender looks at your financial history. According to Realtor.com, these are some of the documents a lender may ask you for during this process:W-2s from the last two yearsTax returns from the last two yearsPay stubs from the last 30 daysBank...

Roughly 11,000 Homes Will Sell Today – Will Yours Be One of Them?

Written by Ponte Vedra Beach Mortgage Syndicated User on January 16, 2025. Posted in For Sellers.

Are you hesitant to sell your house because you’re worried no one’s buying with rates and prices where they are right now? Here’s some perspective that can help.The market actually isn’t at a standstill. While there weren’t as many sales last year as there’d be in a normal market, roughly 4.15 million homes still sold (not including new construction), according to the National Association of Realtors (NAR). And the expectation is that number will rise in 2025. That means more people will likely move this year, and they need homes to buy. Homes like yours.But even if we only match last year’s...

The Truth About Credit Scores and Buying a Home

Written by Ponte Vedra Beach Mortgage Syndicated User on January 15, 2025. Posted in Buying Tips, For Buyers.

Your credit score plays a big role in the homebuying process. It’s one of the key factors lenders look at to determine which loan options you qualify for and what your terms might be. But there’s a myth about credit scores that may be holding some buyers back.The Myth: You Need To Have Perfect CreditAccording to Fannie Mae, only 32% of potential homebuyers have a good idea of what credit score lenders actually require. That means two-thirds of buyers don’t actually know what lenders are looking for – and most overestimate the minimum credit score needed.The Reality: Perfect Isn’t NecessaryBut...

How Much Home Equity Have You Gained? The Answer Might Surprise You

Written by Ponte Vedra Beach Mortgage Syndicated User on January 14, 2025. Posted in Equity, Home Prices.

Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner? As home values rise, so does your net worth. And, if you’ve been in your house for a few years (or longer), there’s a good chance you’re sitting on a pile of equity — maybe even more than you realize.What Is Home Equity?Home equity is the difference between what your house is worth and what you owe on your mortgage. For example, if your house is worth $500,000 and you still owe $200,000 on your home loan, you have $300,000 in equity. It’s essentially the wealth you’ve built through homeownership....

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