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Category: Buying Tips

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What Buyers Need To Know About Homeowners Association Fees

Written by Key West Mortgage Syndicated User on . Posted in Buying Tips, First-Time Buyers, For Buyers, Key West Florida News, Key West News.

When buying a home, you’re probably thinking about mortgage rates, home prices, your down payment, and maybe even your closing costs. But you may not be thinking about homeowners association (HOA) fees. While you won’t necessarily have these, you should know it’s a possibility, depending on where you decide to live.A homeowners association is basically an organization that oversees a housing community (including shared spaces) and sets and enforces rules for things like upkeep. Some buyers love the perks that come with an HOA, others may see the fees as an extra expense. The key is knowing...

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Should I Buy a Home Now or Wait?

Written by Key West Mortgage Syndicated User on . Posted in Buying Tips, Equity, For Buyers, Home Prices, Key West Florida News, Key West News.

At some point, you’ve probably heard the saying: “Yesterday was the best time to buy a home, but the next best time is today.”That’s because homeownership is about the long game – and home prices typically rise over time. So, while you may be holding out for prices to fall or rates to improve, you should know that trying to time the market rarely works.Here’s what most buyers don’t always think about: the longer you wait, the more buying could cost you. And you deserve to understand why.Forecasts Say Prices Will Keep ClimbingEach quarter, over 100 housing market experts weigh in for the...

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What You Can Do When Mortgage Rates Are a Moving Target

Written by Key West Mortgage Syndicated User on . Posted in Buying Tips, For Buyers, Key West Florida News, Key West News, Mortgage Rates.

Have you seen where mortgage rates have been lately? One day they go down a little. The next day, they go back up again. It can feel confusing and even frustrating if you’re trying to decide whether now’s a good time to buy a home.Take a look at the graph below. It uses data from Mortgage News Daily to show that after a relatively stable month of March, mortgage rates have been on a bit of a roller coaster ride in April: This kind of up-and-down volatility is expected when economic changes are happening.And that’s one of the reasons why trying to time the market isn’t your best move. You...

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Don’t Miss This Prime Spring Window To Sell Your House

Written by Key West Mortgage Syndicated User on . Posted in Buying Tips, First-Time Buyers, For Buyers, Key West Florida News, Key West News.

According to Realtor.com, the best week to list your house this year was April 13–19. And since that week has come and gone, you might be wondering: did I miss my chance? Not at all – and here’s why.That’s just one source’s take, based on their own research. Other organizations run similar studies. And since different places use different methodologies for their research, sometimes the results vary too – and that’s actually good news for you. According to Zillow, the best time to list your house is still ahead.The latest research from Zillow says sellers who list their homes in late May...

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Pre-Approval Isn’t Commitment – It’s Clarity

Written by Key West Mortgage Syndicated User on . Posted in Buying Tips, First-Time Buyers, For Buyers, Key West Florida News, Key West News.

If buying a home is on your radar – even if it’s more of a someday plan than a right now plan – getting pre-approved early is still one of the smartest moves you can make. Why? Because, like anything in life, the right prep work makes things clearer.The best time to get serious about buying is before you’re ready to buy. Here’s why.Pre-Approval Helps You Understand Your NumbersOne of the biggest benefits of pre-approval is how it helps you understand your buying power. As part of the pre-approval process, a lender will walk through your finances and tell you what you can borrow based on...

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Buyers Have More Negotiation Power – Here’s How To Use It

Written by Key West Mortgage Syndicated User on . Posted in Agent Value, Buying Tips, For Buyers, Key West Florida News, Key West News.

You may have heard there are more homes for sale right now. And while that’ll vary depending on the market, it means that overall, things are starting to lean in a more balanced direction. As that happens, some sellers are a bit more open to compromise. Here’s what that means for you.You may be regaining some negotiating power. That can translate into savings, perks, or even better terms on your purchase – if you know what levers to pull during negotiation.Why an Agent Is an Essential Part of the Negotiation ProcessThe complicated part is knowing what is and isn’t on the table. That’s where...

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Why Pre-Approval Is More Important Than Ever This Spring

Written by Key West Mortgage Syndicated User on . Posted in Buying Tips, For Buyers, Key West Florida News, Key West News.

Spring is here, and so is the busiest season in real estate. More buyers are out looking for homes, which means more competition for you. If you want to put yourself in the best position to buy, there’s one step you can’t afford to skip, and that’s getting pre-approved for a mortgage.Some buyers think they can wait until they’ve found a home they love before talking to a lender. But in a season where homes can sell fast, that’s a risky move. Getting pre-approved before you start your search is a much better bet.Here’s what you need to know about this early step in the buying process.What Is...

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Your Roadmap to Homeownership

Written by Key West Mortgage Syndicated User on . Posted in Agent Value, Buying Tips, First-Time Buyers, For Buyers, Infographics, Key West Florida News, Key West News.

Some HighlightsBuying a home isn’t just a transaction – it’s a journey. And like any great adventure, having a solid roadmap makes all the difference. ?From building your dream team to getting pre-approved, house hunting, and signing the papers on closing day – each milestone is an achievement. Your journey starts here. Connect with an agent so you have help every step along the way.?

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What You Need To Know About Homeowner’s Insurance

Written by Key West Mortgage Syndicated User on . Posted in Buying Tips, Featured, For Buyers, Key West Florida News, Key West News.

Homeowner’s insurance is a must-have to protect what’s probably your biggest investment – your home. And while you never want to think about worst-case scenarios, the right coverage is basically your safety net if something goes wrong. Here’s how it helps you.Covers Repairs and Rebuilding Costs: If your home is damaged by fire, storms, or other covered events, your policy helps pay for repairs or even a full rebuild.Protects Your Belongings: Many policies can also cover personal items like furniture, electronics, and clothing if they’re stolen or damaged.Provides Liability Coverage: If...

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Is an Accessory Dwelling Unit Right for You? Here’s What To Know

Written by Key West Mortgage Syndicated User on . Posted in Buying Tips, For Buyers, Key West Florida News, Key West News.

Are you having a hard time finding the right home in your budget? Or maybe you already own a home but could use some extra income or a designated space for aging loved ones. Either way, accessory dwelling units (ADUs) could be the smart solution you’ve been looking for in today’s market.What Is an ADU?According to Fannie Mae, an ADU is a small, separate living space that’s on the same lot as a single-family home. It must include its own areas for living, sleeping, cooking, and bathrooms independent of the main house. And they can take shape in a few different ways. Fannie Mae adds, an ADU...

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