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Category: For Buyers

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Is Wall Street Really Buying All the Homes?

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

Let’s be real – buying a home right now is tough. You’re scrolling through listings, rushing to open houses, and maybe even losing out to more competitive offers. Somewhere along the way, you might’ve heard the reason it’s so hard to find a home is because big Wall Street investors are swooping in and snatching up everything in sight.But here’s the thing: that’s mostly a myth. While investors are part of the market, according to Redfin, they’re a relatively small part:Here’s what that means. Five out of every six homes are being purchased by everyday homebuyers like you – not big...

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How Real Estate Agents Take the Fear Out of Moving

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

Feeling a bit unsure, or even afraid, to move with everything going on right now? The decision to move shouldn’t be scary, it should be exciting. And the best way to eliminate any fear is to work with a pro. Real estate agents are so much more than just transaction facilitators; they’re trusted guides to help you navigate the complexities of the housing market with confidence and ease. And a great agent can turn what may feel like a daunting process into a manageable—and even enjoyable—experience.That’s why, in a Bright MLS survey, respondents agreed partnering with an agent is essential...

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Avoid These Top Homebuyer Mistakes in Today’s Market

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

No one likes making mistakes, especially when they happen in what’s likely the biggest transaction of your life – buying a home.That’s why partnering with a trusted agent is so important. Here’s a sneak peek at the most common missteps buyers are making in today’s market and how a great agent will help you steer clear of each one.Trying To Time the MarketMany buyers are trying to time the market by waiting for home prices or mortgage rates to drop. This can be a really risky strategy because there’s so much at play that can have an impact on those things. As Elijah de la Campa, Senior...

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Why Home Sales Bounce Back After Presidential Elections

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

With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down.Election Years Bring a Temporary SlowdownIn any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s usually a slightly larger dip in home sales in the month leading up to Election Day (see graph below):Why? Uncertainty. Many consumers hold off on making major decisions or purchases while they wait to see how the election will play out. It’s a...

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Debunking Scary Myths About Buying a Home

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

Some HighlightsThere are a number of scary myths about homebuying in today’s market. Here’s what you need to know.Prices are not expected to crash, it is possible to buy even with student loan debt, and there are programs that can help you save for a down payment.Don’t let scary myths delay your homebuying plans. Connect with an agent so you have a pro to help you separate the facts from your fears.

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What To Expect from Mortgage Rates and Home Prices in 2025

Written by Key West Mortgage Syndicated User on . Posted in Affordability, Featured, For Buyers, For Sellers, Home Prices, Key West Florida News, Key West News, Mortgage Rates.

Curious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices.Whether you’re thinking of buying or selling, here’s a look at what the experts are saying and how it might impact your move.Mortgage Rates Are Forecast To Come Down One of the biggest factors likely affecting your plans is mortgage rates, and the forecast looks positive. After rising dramatically in recent years, experts project rates will ease...

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Why Buying Now Is Worth It

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

Some HighlightsYou may be torn between buying a home now or waiting. But don’t forget to factor in the equity you’ll gain as prices rise.Experts forecast prices will climb over the next 5 years – and based on those forecasts, you could gain about $90k in equity in that time.So, you could wait, but you’ll miss out on a lot of equity if you do. If you’re ready and able to buy, let’s connect so you can start growing your wealth now.

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This Is the Sweet Spot Homebuyers Have Been Waiting For

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

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers—and it’s one that may not last long.So, if you’ve put your own move on the back burner, here’s why maybe you shouldn’t delay your plans any longer.As you weigh your options and decide if you should buy now or wait, ask yourself this: What do you think everyone else is going to do?The truth is, if mortgage rates continue to ease, as experts...

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Buying Beats Renting in 22 Major U.S. Cities

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

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below):As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly. When you add all of that up, it’s getting less expensive to buy a home than to rent one in many parts of the country.This is a big deal if you’ve been renting for a while now. But if you don’t see your city on this list, don’t sweat it. Things are moving fast, and your area...

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Buy Now, or Wait?

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

Some HighlightsIf you’re wondering if you should buy now or wait, here’s what you need to know. If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you buy now, you’d get ahead of that and have the chance to start building equity.Should you buy now or wait? Connect with a real estate agent and talk through it together, so you can make your best decision.

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