What You Need To Know if You’re Thinking About Building a Home

Written by Destin FL Mortgage Mortgage Syndicated User on March 23, 2022. Posted in Destin FL Mortgage, For Buyers, Housing Market Updates, Mortgage Destin FL, Move-Up Buyers, New Construction.

If you’re ready to move up, you may be trying to decide whether you want to buy a home that’s already on the market or build a new one. And since the supply of homes available for sale today is low, you’re willing to consider either avenue. While home builders are doing everything they can to construct more houses and help narrow the supply shortage, they’re also facing delays due to factors outside of their control. Here’s the latest on some of the key challenges homebuilders are experiencing today and how they could impact your plans to move up. When you know what’s happening in the industry,...

The Many Benefits of Homeownership

Written by Destin FL Mortgage Mortgage Syndicated User on March 22, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Mortgage Destin FL, Rent vs. Buy.

The past two years have taught us the true value of homeownership, especially the stability and the feeling of accomplishment it can provide. But homeownership has so much more to offer. Here’s a look at a few of the non-financial and financial benefits of owning a home. If you’re looking to buy a home today, think about all the ways homeownership can impact your life. Homeownership Has Impactful Personal and Emotional Benefits Owning your home gives you a significant sense of pride because it’s a space that is truly yours. And as a homeowner, you can customize your home to your heart’s desire....

The Average Homeowner Gained More Than $55K in Equity over the Past Year

Written by Destin FL Mortgage Mortgage Syndicated User on March 21, 2022. Posted in Destin FL Mortgage, For Sellers, Housing Market Updates, Mortgage Destin FL, Pricing.

If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the loan. Today, you’re building that equity far faster than you may expect – and this gain is great news for you. Here’s how it happened. Home values are on the rise thanks to low housing supply and high buyer demand. Basically, there aren’t enough homes available to meet this high buyer interest, so bidding wars are driving home prices up. When you own a home, the rising prices mean your home is worth...

Spring Cleaning Checklist for Sellers [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on March 18, 2022. Posted in Destin FL Mortgage, For Sellers, Infographics, Mortgage Destin FL.

Some Highlights If you’re thinking about selling your house this spring, here are some things you’ll want to tackle before you list. Spend your time on tasks that make it feel inviting, show it’s cared for, and boost your curb appeal. To determine the full list of things you’ll want to tackle for your home, you need the opinion of a trusted expert. Let’s connect to help make sure your house shows well this season. Content previously posted on Keeping Current Matters

Did Your Dream Home Just Come on the Market?

Written by Destin FL Mortgage Mortgage Syndicated User on March 17, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Destin FL, Move-Up Buyers.

For the first time in a long time, the number of newly listed homes is beginning to rise. In their latest monthly release, realtor.com reveals the number of existing homes entering the market has increased for two months in a row (this comes after six months of declines). Here’s a graph showing the monthly new listings going back to January of last year. The green bars indicate the first gains since June. However, buying demand is still outpacing housing supply. Though the increase in homes coming to the market is great news for prospective homebuyers, the number of buyers is still outpacing...

Are You Wondering if This Is the Year To Buy a Home?

Written by Destin FL Mortgage Mortgage Syndicated User on March 16, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Mortgage Destin FL, Rent vs. Buy.

Every year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? If you’re a renter, chances are you’ve asked yourself that question at least once, and it’s likely because you’ve faced an increase in your monthly housing costs over time. After all, according to Census data, rents have risen consistently for decades. To make an informed and powerful decision, the first step is understanding what’s happening in today’s housing market so you can determine which option is the better long-term financial decision for you. Rents Are Going Up Again...

Don’t Get Caught Off Guard by Closing Costs

Written by Destin FL Mortgage Mortgage Syndicated User on March 15, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Mortgage Destin FL, Move-Up Buyers.

As a homebuyer, it’s important to plan and budget for the expenses you’ll encounter when you purchase a home. While most people understand the need to save for a down payment, a recent survey found 41% of homebuyers were surprised by their closing costs. Here’s some information to help you get started so you’re not caught off guard when it’s time to close on your home. What Are Closing Costs? One possible reason some people are surprised by closing costs may be because they don’t know what they are or what they cover. According to U.S. News and World Report: “Closing costs encompass a variety...

This Spring Presents Sellers with a Golden Opportunity

Written by Destin FL Mortgage Mortgage Syndicated User on March 14, 2022. Posted in Destin FL Mortgage, For Sellers, Housing Market Updates, Interest Rates, Mortgage Destin FL, Move-Up Buyers, Pricing.

If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. If that’s the case, you should know – you may be able to get the best of both worlds today. Here are four reasons why this spring may be your golden window of opportunity. 1. The Number of Homes on the Market Is Still Low Today’s limited supply of houses for sale is putting sellers in the driver’s seat. There are far more buyers in the market today than there are homes available....

Key Terms for Homebuyers [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on March 11, 2022. Posted in Buying Myths, Destin FL Mortgage, Down Payments, First Time Home Buyers, For Buyers, Infographics, Interest Rates, Mortgage Destin FL, Move-Up Buyers.

Some Highlights Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford. Terms like appraisal (what lenders rely on to validate a home’s value) and the inspection contingency (which gives buyers essential information on a home’s condition) directly impact the transaction. Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. Let’s connect so you have an expert guide and advice for any questions that may come up. Content previously...

How To Navigate a Market Where Multiple Offers Is the New Normal

Written by Destin FL Mortgage Mortgage Syndicated User on March 10, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Destin FL, Move-Up Buyers.

If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you? As a buyer, low housing supply coupled with high buyer demand means you should be prepared to navigate a highly competitive market where homes sell fast and get multiple offers. Realtor.com has this to say: “Homes also flew off the market at record pace as buyers put offers in the moment properties came up for sale….” In a bidding war situation like this, doing everything you can to get ahead of the competition is a wise move. That’s because...

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