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Category: For Buyers

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Paused Your Moving Plans? Here’s Why It’s Time To Hit Play Again

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

It’s not really a surprise that 70% of buyers paused their home search last year. Maybe you were one of them. And if so, no judgment. Conditions just weren’t great.Inventory was too low, prices were too high, and mortgage rates were bouncing all over. That made it really hard to find a home you loved – and could afford. And why sell if you’re not sure where you’re going to go? But here’s the thing: the market’s shifting. And it might be time to hit play again.The Inventory Sweet SpotMore homeowners are jumping back into their search to make a move this year. Builders are finishing more...

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You Finally Have More Options for Your Move

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

Some HighlightsIf you put your home search on hold because you couldn’t find anything you liked in your budget, it’s time to try again. ?There’s a much wider selection of homes for sale, with more fresh listings hitting the market each month.With more options come more possibilities. Connect with an agent if you want to see what’s available in your area.?

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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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Here’s What a Recession Could Mean for the Housing Market

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

Recession talk is all over the news, and the odds of a recession are rising this year. And that leaves people wondering what would happen to the housing market if we do go into a recession.Let’s take a look at some historical data to show what’s happened in housing for each recession going all the way back to the 1980s.A Recession Doesn’t Mean Home Prices Will FallMany people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time we saw such a steep drop in prices. And it hasn’t happened since.In fact,...

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Paused Your Moving Plans? Here’s Why It Might Be Time To Hit Play Again

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

Last year, 70% of buyers abandoned their home search – and maybe you were one of them. It makes sense. Inventory was low, prices were high, and mortgage rates were up and down like a rollercoaster. All of that made it really hard to find a home you loved – and could afford.But guess what? The market is shifting.So, if you paused your moving plans in 2024, it might be time to hit play again. Here’s why.More Inventory Opens Up More OptionsEven if you could make the numbers work, the lack of available homes in recent years probably made it hard to come by something that fit your needs. But...

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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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