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Tag: #siestakeymortgage

Is the Down Payment Myth Blocking Your Path to Homeownership

Written by Siesta Key Mortgage Syndicated User on . Posted in Siesta Key Mortgage, Uncategorized.

Is the Down Payment Myth Blocking Your Path to Homeownership? It’s a common misconception that you have to have a 20% down payment to buy a home. Let’s connect to make sure you have all the right facts and information you need if you’re buying a home this year. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

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If You’re a Buyer, Is Offering Asking Price Enough?

Written by Siesta Key Mortgage Syndicated User on . Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. From there, the buyer and seller typically negotiate and agree on a revised price somewhere in the middle. Things Are Different Today Today’s housing market is anything but normal. According to the National Association of Realtors (NAR), homes today are: Receiving an average of  3.8 offers Selling in just 17 days Homes selling quickly...

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It’s Still a Sellers’ Market [INFOGRAPHIC]

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

Some Highlights Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. That might be why 73% of people believe it’s a good time to sell. Sellers, don’t miss out on this unique opportunity. Let’s connect so you can take advantage of this hot sellers’ market. Content previously posted on Keeping Current Matters

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Is a 20% Down Payment Really Necessary To Purchase a Home?

Written by Siesta Key Mortgage Syndicated User on . Posted in Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Millennials, Mortgage Siesta Key, Siesta Key Mortgage.

There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That may be because those individuals assume a 20% down payment is necessary. While putting more money down if you’re able can benefit buyers, putting 20% down is not mandatory. As Freddie Mac puts it: “The most damaging down payment myth—since it stops the homebuying process before...

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Two Reasons Why Waiting a Year To Buy Could Cost You

Written by Siesta Key Mortgage Syndicated User on . Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Siesta Key, Move-Up Buyers, Pricing, Siesta Key Mortgage.

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself two simple questions: What will home prices be like in 2022? Where will mortgage rates be by the end of 2022? Let’s shed some light on the answers to both of these questions. What will home prices be like in 2022? Three major housing industry entities project continued home price appreciation for 2022....

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