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Tag: #mortgagekeywest

The Power of Pre-Approval

Written by Key West Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Key West Florida News, Key West News, Move-Up Buyers.

If you’re buying a home this spring, today’s housing market can feel like a challenge. With so few homes on the market right now, plus higher mortgage rates, it’s essential to have a firm grasp on your homebuying budget. You’ll also need a sense of determination to find the right house and act quickly when you go to put in an offer. One thing you can do to help you prepare is to get pre-approved.To understand why it’s such an important step, you need to know what pre-approval is. As part of the process, a lender looks at your finances to determine what they’d be willing to loan you. From there,...

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Falling out of Love with Your House? It May Be Time To Move.

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

Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to make a move.According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), the average person has lived in their current house for ten years. If you’ve been in your home for a while, think about how much in your life has changed since you moved in. Even if you thought it would be your forever home when you bought it,...

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What’s the Difference Between a Home Inspection and an Appraisal?

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

If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. Here’s the breakdown of each one and why they’re both important when buying a home.Home InspectionHere’s the key difference between an inspection...

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Think Twice Before Waiting for Lower Home Prices

Written by Key West Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Key West Florida News, Key West News, Millennials, Move-Up Buyers, Pricing.

As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data...

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5 Reasons Millennials Are Buying Homes

Written by Key West Mortgage Syndicated User on . Posted in Demographics, First Time Home Buyers, For Buyers, Key West Florida News, Key West News, Millennials.

In the United States, there are over 72 million millennials. If you’re part of that generation and have thought about buying a home, you aren’t alone. According to Zonda, 98% of millennials want to become a homeowner at some point if they aren’t already. But why? There are plenty of reasons you may choose to become a homeowner. Here’s why other millennials have made that decision (see graph below):This graph shows why millennials are buying homes according to Zonda’s 6th annual millennial survey. The top reasons include building equity, a change in life stage, wanting stability, rising home...

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Sailors May Get that ‘Sinking Feeling’ at Key West’s Minimal Regatta

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

Some get that “sinking feeling” before leaving the dock, while others capsize somewhere along the course. A hardy few actually manage to stay afloat — but whatever the fate of their favorites, spectators can anticipate silliness and seafaring spirit Sunday, May 28, during the annual Schooner Wharf Minimal Regatta.

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Four Florida Keys Events to Celebrate Island Chain’s Bicentennial

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

Florida Keys visitors and residents can commemorate the subtropical island chain’s bicentennial with events including a sunset celebration on the Middle Keys’ Old Seven Mile Bridge, a gala sea-to-table dinner in Islamorada, a family-style waterfront picnic in Key Largo and Lower Keys festivities and fireworks highlighted by the creation of the world’s largest Key lime pie.

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