Is It Enough To Offer Asking Price in Today’s Housing Market?

Written by Fort Pierce Mortgage Syndicated User on April 26, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates, Housing Market Updates, Move-Up Buyers.

If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer’s bid and the home’s initial asking price. In today’s real estate market, buyers shouldn’t shop for a home with the same expectations. Things Are Different Today Today’s housing market is anything but normal. According...

How To Approach Rising Mortgage Rates as a Buyer

Written by Fort Pierce Mortgage Syndicated User on April 21, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates, Housing Market Updates, Interest Rates, Move-Up Buyers.

In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will fall, waiting will only cost you more. Mortgage rates are forecast to continue rising in the year ahead. If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise. How Rising Mortgage Rates Impact You Mortgage rates play a significant...

Why Pre-Approval Is an Important Step for Today’s Homebuyers

Written by Fort Pierce Mortgage Syndicated User on April 20, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates, Move-Up Buyers.

Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains: “The lender will check out your personal finances and issue you a letter confirming the amount you’re eligible to borrow. This not only gives you a firm budget for house hunting, but also lets sellers know you’re qualified to make an offer.” Why does that matter so much today? There are many more...

The Future of Home Price Appreciation and What It Means for You

Written by Fort Pierce Mortgage Syndicated User on April 18, 2022. Posted in First Time Home Buyers, For Buyers, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates, Housing Market Updates, Move-Up Buyers, Pricing.

Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market is totally different today. For example, Odeta Kushi, Deputy Chief Economist at First American, tweeted just last week on this issue: “. . . We do need price appreciation to slow today (it’s not sustainable over the long run) but high price growth today is supported by fundamentals- short supply, lower rates & demographic demand. And we are in a...

Using Your Tax Refund To Achieve Your Homeownership Goals This Year

Written by Fort Pierce Mortgage Syndicated User on April 18, 2022. Posted in First Time Home Buyers, For Buyers, For Sellers, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates, Housing Market Updates, Move-Up Buyers.

If you’re buying or selling a home this year, you’re likely saving up for a variety of expenses. For buyers, that might include things like your down payment and closing costs. And for sellers, you’re probably working on a bit of spring cleaning and maintenance to spruce up your house before you list it. Either way, any money you get back from your taxes can help you achieve your goals. Using a tax refund is a common tactic for buyers and sellers. SmartAsset estimates the average American will receive a $2,897 tax refund this year. The map below provides a more detailed estimate by state: If...

What Is Multigenerational Housing? [INFOGRAPHIC]

Written by Fort Pierce Mortgage Syndicated User on April 18, 2022. Posted in Baby Boomers, Buying Myths, Demographics, First Time Home Buyers, For Buyers, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates, Gen Z, Generation X, Infographics, Millennials, Move-Up Buyers, Senior Market.

Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today. Let’s connect so you can find a house that meets your changing needs and has plenty of space for you and your loved ones. Content previously posted on Keeping Current Matters

Category: First Time Home Buyers