How To Avoid Today’s Top Seller Mistakes

Written by Palm Harbor FL Mortgage Syndicated User on September 1, 2024. Posted in For Sellers, Infographics, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Selling Tips.

Some HighlightsWant to know some of the top mistakes sellers are making today and how to make sure they don’t happen to you too?The biggest missteps are pricing a house too high, skipping repairs, not being objective, and not being willing to negotiate.And the best way to avoid falling into any of these traps is to partner with a real estate agent and lean on them for advice.

Are We Heading into a Balanced Market?

Written by Palm Harbor FL Mortgage Syndicated User on September 1, 2024. Posted in For Buyers, For Sellers, Inventory, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.What Is a Balanced Market?A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more balanced...

2025 Housing Market Forecasts: What To Expect

Written by Palm Harbor FL Mortgage Syndicated User on September 1, 2024. Posted in For Buyers, For Sellers, Forecasts, Home Prices, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans.Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025.Mortgage Rates Are Projected To Come Down SlightlyMortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association (MBA), the...

What’s the Impact of Presidential Elections on the Housing Market?

Written by Palm Harbor FL Mortgage Syndicated User on September 1, 2024. Posted in Economy, For Buyers, For Sellers, Home Prices, Inventory, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

It’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead. And those unanswered thoughts can quickly spiral, causing fear and uncertainty to swirl through your mind. So, if you’ve been considering buying or selling a home this year, you’re probably curious about what the election might mean for the housing market – and if it’s still a good time to make your move.Here’s the good news that may surprise you: typically, Presidential elections have only had a small, temporary impact on the housing market. But your questions are definitely worth answering,...

The Number One Mistake Sellers Are Making: Overpricing Their House

Written by Palm Harbor FL Mortgage Syndicated User on September 1, 2024. Posted in Featured, For Sellers, Home Prices, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Selling Tips.

In today’s housing market, many sellers are making a critical mistake: overpricing their houses. This common error can lead to a home sitting on the market for a long time without any offers. And when that happens, the homeowner may have to drop their asking price to try to re-ignite buyer interest.Data from Realtor.com shows the number of homeowners realizing this mistake and doing a price reduction is climbing (see graph below):If you’re thinking about making a move yourself, here’s what you need to know. The best way to avoid making a costly mistake is to work with a trusted real estate...

How To Choose a Great Local Real Estate Agent

Written by Palm Harbor FL Mortgage Syndicated User on September 1, 2024. Posted in Agent Value, For Buyers, For Sellers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Selecting the right real estate agent can make a world of difference when buying or selling a home. But how do you find the best one? Here are some tips to help you make that big decision as you determine your partner in the process.Check Their ReputationStart by gathering information about agents in your area. From there, try to narrow down the list. Ask the people you trust if they have someone they’d recommend. You’ll want to find an agent with a strong online presence, plenty of positive reviews, and someone whose great reputation truly precedes them. As Freddie Mac explains:“. . . you may...

How Mortgage Rate Changes Impact Your Homebuying Power

Written by Palm Harbor FL Mortgage Syndicated User on September 1, 2024. Posted in For Buyers, For Sellers, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can afford in your monthly mortgage payment, and you want to factor that into your planning. Here’s what you need to know.What’s Happening with Mortgage Rates?Mortgage rates have been trending down recently. While that’s good news for your homebuying plans, it’s important to know that rates can be unpredictable because they’re affected by many factors. Things like the economy, job market, inflation, and decisions made by...

Should You Rent Out or Sell Your House?

Written by Palm Harbor FL Mortgage Syndicated User on August 1, 2024. Posted in For Sellers, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Rent vs. Buy, Selling Tips.

Figuring out what to do with your house when you’re ready to move can be a big decision. Should you sell it and use the money for your next adventure, or keep it as a rental to build long-term wealth?It’s a question many homeowners face, and the answer isn’t always straightforward. Whether you’re curious about the potential income from renting or worried about the responsibilities of being a landlord, there’s a lot to consider.Let’s walk through some key questions to ask to help you make the best decision for your situation.Is Your House a Good Fit for Renting?Even if...

The Biggest Mistakes Sellers Are Making Right Now

Written by Palm Harbor FL Mortgage Syndicated User on August 1, 2024. Posted in For Sellers, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Selling Tips.

The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity at the same time the supply of homes for sale is growing.And if you aren’t working with an agent, you may not realize that. Here’s the downside. If you’re not informed, you can’t adjust your strategy or expectations to today’s market. And that can lead to a number of costly mistakes.Here’s a look at some of the most common ones – and how an agent will help you avoid them when you sell. 1. Overpricing Your HouseMany sellers set their asking price too high and that’s why there’s an...

Unlocking the Benefits of Your Home’s Equity

Written by Palm Harbor FL Mortgage Syndicated User on August 1, 2024. Posted in Equity, For Buyers, For Sellers, Infographics, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Some HighlightsEquity is the difference between what your house is worth and what you still owe on your mortgage.The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity.To find out how much equity you have, connect with a real estate agent who can give you a Professional Equity Assessment Report (PEAR).

Category: For Sellers