Skip to main content
Available 7 Days/Week       MON - FRI  8am - 7pm       SAT - SUN  10am – 6pm
Call us (786) 755-7400
Apply Now

Category: Buying Tips

Auto Added by WPeMatico

Don’t Fall for These Real Estate Agent Myths

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

When it’s time to buy or sell a home, one of the most important decisions you’ll make is who you’ll work with as your agent. That choice will have an impact on your entire experience and how smoothly it goes.As you figure out who you’ll partner with, it’s important to know what to expect and what to look for. Unfortunately, there may be some myths holding you back from making the best decision possible. So, let’s take some time to address those, and make sure you have the information you need to find the right agent for you.Myth #1: All Real Estate Agents Are the SameYou might think all...

Continue reading

Why Buying Now May Be Worth It in the Long Run

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

Should you buy a home now or should you wait? That’s a question a lot of people have these days. And while what’s right for you is going to depend on a lot of different factors, here’s something you’ll want to consider as you make your decision.As soon as you buy, you’ll start gaining equity. And you’d be surprised how quickly that can add up – even with more moderate home price appreciation.Each quarter, Fannie Mae releases the Home Price Expectations Survey. It asks over one hundred economists, real estate experts, and investment and market strategists what they forecast for home prices...

Continue reading

Today’s Biggest Housing Market Myths

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

Have you ever heard the phrase: don’t believe everything you hear? That’s especially true if you’re thinking about buying or selling a home in today’s housing market. There’s a lot of misinformation out there. And right now, making sure you have someone you can go to for trustworthy information is extra important.If you partner with a real estate agent, they can clear up some common misconceptions and reassure you by backing them up with research-driven facts. Here are just a few misconceptions they can help disprove.1. I’ll Get a Better Deal Once Prices CrashIf you’ve heard home prices are...

Continue reading

Why the Sandwich Generation Is Buying Multi-Generational Homes

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

Are you a part of the Sandwich Generation? According to Realtor.com, that’s a name for the roughly one in six Americans who take care of their children and their parents or grandparents at the same time.If that sounds familiar to you, juggling all the responsibilities involved certainly must have its challenges. But it turns out there’s one pretty significant benefit: it can actually make it a bit easier for you to buy a home.How Can It Help You Buy a Home?Realtor.com asked members of the Sandwich Generation if they agree or disagree that taking care of children and parents at the same time...

Continue reading

A Newly Built Home May Actually Be More Budget-Friendly

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

If you’re in the market to buy a home, there’s some exciting news for you. Many people assume that newly built homes are more expensive than existing ones (houses that have already been lived in), but that’s not always the case. In fact, exploring newly built homes can sometimes lead to more cost-effective options, especially today. Hard to believe, right? But the data doesn’t lie.Here are two key reasons working with your agent to look into new home construction could help you find a more budget-friendly option.Reason 1: Lower Median Prices for Newly Built HomesThe median sales price for...

Continue reading

How Affordability and Remote Work Are Changing Where People Live

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

There’s an interesting trend happening in the housing market. People are increasingly moving to more affordable areas, and remote or hybrid work is helping them do it.Consider Moving to a More Affordable AreaToday’s high mortgage rates combined with continually rising home prices mean it’s tough for a lot of people to afford a home right now. That’s why many interested buyers are moving to places where homes are less expensive, and the cost of living is lower. As Orphe Divounguy, Senior Economist at Zillow, explains:“Housing affordability has always mattered . . . and you’re seeing it...

Continue reading

The Biggest Mistakes Homebuyers Are Making Right Now

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

Some HighlightsWant to know the biggest mistakes homebuyers are making today?They include everything from putting off pre-approval for too long, holding out for the perfect home, buying more than they can afford, and skipping out on hiring a pro. Connect with a real estate agent to make sure you have a pro on your side who can help you avoid these mistakes.

Continue reading

Unlocking Homebuyer Opportunities in 2024

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

There’s no arguing this past year has been difficult for homebuyers. And if you’re someone who has started the process of searching for a home, maybe you put your search on hold because the challenges in today’s market felt like too much to tackle. You’re not alone in that. A Bright MLS study found some of the top reasons buyers paused their search in late 2023 and early 2024 were:They couldn’t find anything in their price rangeThey didn’t have any successful offers or had difficulty competingThey couldn’t find the right homeIf any of these sound like why you stopped looking, here’s what...

Continue reading

The Difference Between an Inspection and an Appraisal

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

When you decide to buy your first home, you may come across a number of terms and conditions you’re not familiar with. While you may have a general idea of what an inspection is, maybe you’re not sure why you need one or how it’s different from an appraisal. To keep it simple, here’s an explainer of each one and what they mean for you as a homebuyer.Home InspectionOnce you’re under contract on a home you’d like to buy, getting an inspection is a key part of the process. An inspection gives you a clear idea of the safety and overall condition of the home – which is important for such a big...

Continue reading

Why a Vacation Home Is the Ultimate Summer Upgrade

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

Summer is officially here and that means it’s the perfect time to start planning where you want to vacation and unwind this season. If you’re excited about getting away and having some fun in the sun, it might make sense to consider if owning your own vacation home is right for you.An Ameriprise Financial survey sheds light on why people buy a second, or vacation, home (see below): Vacation destination or a place to get away from the stresses of everyday life (81%) – Having a second home to use as a vacation spot can be a special place where you go to relax and take a break from your daily...

Continue reading