Does Your House Have What Buyers Want?

Written by Siesta Key Mortgage Syndicated User on October 28, 2021. Posted in For Sellers, Housing Market Updates, Mortgage Siesta Key, Siesta Key Mortgage.

The rise in remote work is changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and today’s buyers are looking for homes with more space to support their work needs. As a seller, if you no longer need the extra room you have in your home, rest assured there are buyers who do. Remote Work Is Here To Stay Remote work remains a reality for many Americans. A recent poll from Garter, Inc. shows many organizations have not yet returned their offices: “. . . 66% of organizations are delaying reopening their offices due to new COVID-19...

There Are More Homes Available Now than There Were This Spring

Written by Siesta Key Mortgage Syndicated User on October 26, 2021. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

There’s a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low, there are a few important things to understand about the supply of homes for sale as we move into the end of the year. The Number of Homes for Sale Usually Peaks in the Fall In the residential real estate market, trends generally follow a predictable and seasonal pattern. Typically, the number of homes available for sale (or active monthly listings) peaks in the fall. But in a chapter where so little feels normal, the question becomes: should we expect a fall peak this year? If...

Your Home Equity Is Growing [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on October 22, 2021. Posted in For Sellers, Housing Market Updates, Infographics, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

Some Highlights If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year. Whether it’s funding an education, fueling your next move, or starting a business, your home equity is a great tool you can use to power your dreams. Ready to sell? Let’s connect to talk about how you can take advantage of your rising equity to reach your goals. Content previously posted on Keeping Current Matters

Looking To Move? It Could Be Time To Build Your Dream Home.

Written by Siesta Key Mortgage Syndicated User on October 20, 2021. Posted in For Buyers, For Sellers, Mortgage Siesta Key, Move-Up Buyers, New Construction, Siesta Key Mortgage.

While today’s supply of homes for sale is still low, the number of newly built homes is increasing. If you’re ready to sell but have held off because you weren’t sure you’d be able to find a home to move into, newly built homes and those under construction can provide the options you’ve been waiting for. The latest Census data shows the inventory of new homes is increasing this year (see graph below):With more new homes coming to the market, this means you’ll have more options to choose from if you’re ready to buy. Of course, if you do consider a newly built home, you’ll want to keep timing...

What Does the Future Hold for Home Prices?

Written by Siesta Key Mortgage Syndicated User on October 19, 2021. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Pricing, Selling Myths, Siesta Key Mortgage.

If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall? To answer that question, let’s first understand a few terms you may be hearing right now. Appreciation is an increase in the value of an asset. Depreciation is a decrease in the value of an asset. Deceleration is when something happens at a slower pace. It’s important to note home prices have increased,...

Sellers: Your House Could Be an Oasis for Buyers Seeking More Options

Written by Siesta Key Mortgage Syndicated User on October 18, 2021. Posted in For Sellers, Housing Market Updates, Mortgage Siesta Key, Siesta Key Mortgage.

Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), today’s housing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically features a 6-month supply. That places today’s market firmly in the sellers’ market category. That same NAR data also shows today’s inventory of single-family homes is trailing behind the level we saw last year (see graph below):Because of the ongoing supply challenges, buyers can feel like they’re wandering...

What Do Past Years Tell Us About Today’s Real Estate Market?

Written by Siesta Key Mortgage Syndicated User on October 14, 2021. Posted in For Sellers, Housing Market Updates, Mortgage Siesta Key, Selling Myths, Siesta Key Mortgage.

As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s housing market. Chances are high that some of the more recent storylines you’ve come across mention terms like cooling or slowing when talking about where the market is headed. But what do these terms mean? The housing market today is anything but normal, and it’s still an incredibly strong sellers’ market, especially when compared to the few years leading up to the pandemic. With that in mind, what can previous years tell us about today’s real estate market and if it’s truly slowing? We’re Still Seeing...

The Big Question: Should You Renovate or Move?

Written by Siesta Key Mortgage Syndicated User on October 13, 2021. Posted in For Buyers, For Sellers, Interest Rates, Mortgage Siesta Key, Move-Up Buyers, Pricing, Siesta Key Mortgage.

The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70% of respondents want more outdoor living space 69% of respondents want a home office (48% wanted multiple offices) 46% of respondents want a multi-function room/flexible space 42% of respondents want an au pair/in-law suite 39% of respondents want an exercise room/yoga space If you’re a homeowner who wants to add any of the above, you have two options: renovate your current...

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on October 8, 2021. Posted in For Sellers, Housing Market Updates, Infographics, Interest Rates, Millennials, Mortgage Siesta Key, New Construction, Siesta Key Mortgage.

Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If you’re thinking of selling, let’s connect to talk about our local area and how you can take advantage of today’s housing market. Content previously posted on Keeping Current Matters

4 Tips To Prep for Your Home Sale This Fall

Written by Siesta Key Mortgage Syndicated User on October 4, 2021. Posted in For Sellers, Mortgage Siesta Key, Selling Myths, Siesta Key Mortgage.

Even in a hot sellers’ market like today’s in which homes are selling so quickly, it’s still important to make a good first impression on potential buyers. Taking the time upfront to prep your house appropriately can bring in the greatest return on your investment. Here are four simple tips to make sure you maximize the sale of your house this fall. 1. Price It Right One of the first things buyers will notice is the price of your house. That’s why it’s important to price it right. Your goal in pricing your house is to draw attention from competing buyers and let bidding wars push the final...

Category: For Sellers