Category: For Sellers

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Should You Rent Your House or Sell It?

Written by Longboat Key Mortgage Mortgage Syndicated User on February 1, 2023. Posted in For Sellers, Longboat Key Mortgage, Mortgage Longboat Key, Selling Myths.

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll survey, 28% of homeowners have considered using a rental service to temporarily rent out their home for additional income.

Lower Mortgage Rates Are Bringing Buyers Back to the Market

Written by Longboat Key Mortgage Mortgage Syndicated User on January 31, 2023. Posted in For Sellers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers.

As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.

Where Will You Go If You Sell? You Have Options.

Written by Longboat Key Mortgage Mortgage Syndicated User on January 30, 2023. Posted in For Sellers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers, New Construction.

There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.

Why You Shouldn’t Fear Today’s Foreclosure Headlines

Written by Longboat Key Mortgage Mortgage Syndicated User on January 25, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key.

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today. Here’s a deeper look.

Want To Sell Your House? Price It Right.

Written by Longboat Key Mortgage Mortgage Syndicated User on January 24, 2023. Posted in For Sellers, Longboat Key Mortgage, Mortgage Longboat Key, Pricing, Selling Myths.

Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains:

What’s Really Happening with Home Prices? [INFOGRAPHIC]

Written by Longboat Key Mortgage Mortgage Syndicated User on January 20, 2023. Posted in For Sellers, Housing Market Updates, Infographics, Longboat Key Mortgage, Mortgage Longboat Key, Pricing.

Have Home Values Hit Bottom?

Written by Longboat Key Mortgage Mortgage Syndicated User on January 18, 2023. Posted in For Buyers, For Sellers, Longboat Key Mortgage, Mortgage Longboat Key, Pricing.

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008.

What Past Recessions Tell Us About the Housing Market

Written by Longboat Key Mortgage Mortgage Syndicated User on January 16, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key.

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says:

Is It Time To Sell Your Second Home?

Written by Longboat Key Mortgage Mortgage Syndicated User on January 12, 2023. Posted in For Sellers, Housing Market Updates, Longboat Key Mortgage, Luxury Market, Mortgage Longboat Key.

During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.

Planning To Sell Your House? It’s Critical To Hire a Pro.

Written by Longboat Key Mortgage Mortgage Syndicated User on December 29, 2022. Posted in For Sellers, FSBOs, Longboat Key Mortgage, Mortgage Longboat Key, Selling Myths.

With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you’re thinking of selling your house, it’s important to understand how the market has changed and what that means for you. The best way to make sure you’re in the know is to work with a trusted housing market expert. Here are five reasons working with a professional can ensure you’ll get the most out of your sale. 1. A Real Estate Advisor Is an Expert on Market Trends Leslie Rouda Smith, 2022 President of the National Association of Realtors (NAR), explains: “During...