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Category: For Sellers

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Why Buyers and Sellers Face Very Different Conditions Today

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

There’s a new divide in housing right now. In some states, buyers are gaining ground. In others, sellers still have the upper hand. It all depends on where you live. Curious what’s happening in your state?These 3 maps show how the split is playing out across the country. In each one:Darker Shades of Blue = Buyer friendlyLighter Shades of Blue = Seller strongInventory Sets the StageWhile the number of homes for sale has improved pretty much across the board, how much growth we’ve seen can look dramatically different based on where you live. And that impacts who has the leverage...

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Do You Know How Much Your House Is Really Worth?

Written by Key West Mortgage Syndicated User on . Posted in Equity, For Sellers, Key West Florida News, Key West News, Selling Tips.

Want to know something important you probably don’t have a professional check for you nearly as often as you should? Spoiler alert: it’s the value of your home.Because here’s the reality. Your house is likely the biggest financial asset you have. And if you’ve lived in it for a few years or more, chances are it’s been quietly building wealth for you in the background – even if you haven’t been keeping tabs on it.You might be surprised by just how much it’s grown, even as the market has shifted over the past few months.What Is Home Equity?That hidden wealth in your home is called equity....

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Why Now May Be a Key 2025 Moment To Sell Your House

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

Mortgage rates are finally heading in the right direction – and buyers are starting to jump back in.According to the data, buyer demand picked up considerably once mortgage rates hit a new low for 2025. The Mortgage Bankers Association (MBA) reports that applications for home loans were up 23% compared to the first week of September last year.If you’ve been waiting to sell, or your listing recently expired because the market was slower than you hoped it would be, now’s the time to reconsider your move. Buyer demand is the highest it’s been since July – and you don’t want to miss this...

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Patience Won’t Sell Your House. Pricing Will.

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

Waiting for the perfect buyer to fall in love with your house? In today’s market, that’s usually not what’s holding things up. And here’s why.Let’s be real. Homes are taking a week longer to sell than they did a year ago. According to Realtor.com:“Homes are also taking longer to sell. The typical home spent 60 days on the market in August, seven days longer than last year and now above pre-pandemic norms for the second consecutive month. This was the 17th straight month of year-over-year increases in time on market.”Part of that is because there are more homes on the market. So, with more...

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Why 50% of Homes Are Selling for Under Asking and How To Avoid It

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

If your selling strategy still assumes you’ll get multiple offers over asking, it’s officially time for a reset. That frenzied seller’s market is behind us. And here are the numbers to prove it. From Frenzy to “Normal”Right now, about 50% of homes on the market are selling for less than their asking price, according to the latest data from Cotality.But that isn’t necessarily bad news, even if it feels like it. Here’s why. The wild run-up over the last few years was never going to be sustainable. The housing market needed a reset, and data shows that’s exactly what’s happening right now.The...

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Thinking About Renting Your House Instead of Selling? Read This First.

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

If your house is on the market but you haven’t gotten any offers you’re comfortable with, you may be wondering: what do I do if it doesn’t sell? And for a growing number of homeowners, that’s turning into a new dilemma: should I just rent it instead?There’s a term for this in the industry, and it’s called an accidental landlord. Here’s how Yahoo Finance defines it:“These ‘accidental landlords’ are homeowners who tried to sell but couldn’t fetch the price they wanted — and instead have decided to rent out their homes until conditions improve.”Why This Is Happening More Often Right NowAnd...

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History Shows the Housing Market Always Recovers

Written by Key West Mortgage Syndicated User on . Posted in Economy, For Sellers, Forecasts, Key West Florida News, Key West News, Selling Tips.

Now that the market is slowing down, homeowners who haven’t sold at the price they were hoping for are increasingly pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their homes off the market is up 38% since the start of this year and 48% since the same time last June. For every 100 new listings in June, about 21 homes were taken off the market.And if you’ve made that same choice, you’re probably frustrated things didn’t go the way you wanted. It’s hard when you feel like the market isn’t working with you. But while slowdowns...

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More Contracts Are Falling Through. Here’s How To Get Ahead.

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

When you sell a house, the last thing you want is for the deal to fall apart right before closing. But according to the latest data from Redfin, that’s happening a bit more often lately. The good news is, it’s completely avoidable if you lean on an agent for insight into why that is and how to avoid it happening to you.This June, 15% of pending home sales fell through. That means those buyers backed out of their contracts. That’s not too much higher than the norm of roughly 12% from 2017-2019, but it’s still an increase. And it’s one you don’t want to have to deal with. The key to avoiding...

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What You Need To Know About Concessions

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

Some HighlightsNow that there are more homes for sale, buyers have more options. And sellers need to be more flexible to close the deal.That’s why almost half of homeowners are making some type of concession. This can include covering closing costs, paying for repairs, or dropping the price.Not sure which concessions to offer? Connect with a local agent so you know what’s working for sellers in your market.

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Online Home-Buying Search Terms Recently Hit 2-Year High

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

Believe it or not, there are clear signs buyer interest is heating up again.Let’s talk about what’s really going on behind the scenes, and why the housing market might not be as quiet out there as it seems. Buyers Are Looking, and Search Trends Prove ItOne of the clearest ways to measure what people are thinking about is to look at what they’re searching for online. And according to Google Trends, searches for phrases like “home for sale” have been climbing steadily this year.The graph below shows an index of two common homebuyer search phrases and how popular they were on Google over the...

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