The Perks of Owning More Than One Home

Written by Palm Harbor FL Mortgage Syndicated User on March 1, 2022. Posted in For Buyers, Luxury Market, Move-Up Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Many things have changed over the past couple of years, and real estate is no exception. One impact is an increased desire to own more than one home. According to the recent Luxury Market Report from Luxury Home Marketing: “As trends such as remote working and flexi-hours took hold in 2021, so too did the flexibility of relocating as well as the growth of second homeownership.” This may be because the pandemic has altered how we think about our homes. Where we live has become, more than ever, our safe space and our getaway. And with the rise in remote work, more people are reconsidering where...

The Difference Between Renting and Owning [INFOGRAPHIC]

Written by Palm Harbor FL Mortgage Syndicated User on March 1, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Rent vs. Buy.

Some Highlights If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home. As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan. If you’re weighing your options, remember that owning a home is a decision that has considerable financial perks. If you want to learn more, let’s connect to talk about the perks of homeownership. Content previously posted on Keeping Current Matters

Millennials: Do You Need a Home with More Space?

Written by Palm Harbor FL Mortgage Syndicated User on March 1, 2022. Posted in Demographics, Down Payments, For Buyers, For Sellers, Millennials, Move-Up Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

If you’re a millennial, homebuying might be top of mind for you. Your generation is the largest group of homebuyers in the market today and has been since 2014, according to the National Association of Realtors (NAR). And while other millennials are looking to buy for the first time, you may be one of the many who are now discovering you’ve outgrown your home. If that’s the case, you’re not alone. The past two years brought about significant changes for many people, and today, homeowners are reevaluating what they truly need in a home. As a recent report from the Wall Street Journal states: “They...

Why a Move Could Bring You More Happiness This Year

Written by Palm Harbor FL Mortgage Syndicated User on February 1, 2022. Posted in For Buyers, For Sellers, Move-Up Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Over the past two years, we’ve lived through one of the most stressful periods in recent history. Because of the health crisis, many of us have spent more time at home and that’s led us to re-evaluate both what we need in a house and how much we appreciate having a safe space. If you’ve found your current home isn’t filling all your needs, you may be wondering if it’s time to find a new one. There’s reason to believe a change of scenery could boost your happiness. Catherine Hartley, an Assistant Professor at New York University’s Department of Psychology and co-author of a study on how new...

Why Your Home Inspection Matters [INFOGRAPHIC]

Written by Palm Harbor FL Mortgage Syndicated User on February 1, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Some Highlights Buying a home and wondering if your inspection is necessary? While some buyers may decide to waive their inspection, it’s risky decision. Your home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase, so you can avoid costly surprises down the road. Let’s connect so you have expert advice and a trusted professional who will keep your interests top of mind. Content previously posted on Keeping Current Matters

Why Pre-Approval Is Key for Homebuyers in 2022

Written by Palm Harbor FL Mortgage Syndicated User on February 1, 2022. Posted in First Time Home Buyers, For Buyers, Move-Up Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a pre-approval letter prior to making an offer. Here’s why. Being intentional and competitive are musts when buying a home this year. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Just as important, being able to present a pre-approval letter...

Are You a Homeowner Thinking About Climate Change?

Written by Palm Harbor FL Mortgage Syndicated User on February 1, 2022. Posted in For Sellers, Housing Market Updates, Move-Up Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Americans are more aware than ever of the effects climate change and natural disasters can have on their homes. According to a report from realtor.com: “More than 3 in 4 recent buyers, 78%, took [natural disasters] into account when choosing the locations of their homes, . . .” The study also found that many existing homeowners (34%) have already considered selling their houses and moving to a new location because of the changing climate. If you’re like those homeowners and are weighing your options about what to do next, here’s some information to keep in mind as you begin the process of...

When a House Becomes a Home

Written by Palm Harbor FL Mortgage Syndicated User on January 1, 2022. Posted in First Time Home Buyers, For Buyers, Move-Up Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

It’s clear that owning a home makes financial sense. But lately, the emotional side of what drives homeownership is becoming increasingly important. No matter the living space, the feeling of a home means different things to different people. Whether it’s a familiar scent or a favorite chair, the feel-good connections to our own homes can be more important to us than the financial ones. Here are some of the reasons why. 1. Owning your home is an accomplishment worth celebrating You’ve put in a lot of work to achieve the dream of homeownership, and whether it’s your first home or your fifth,...

5 Tips for Making Your Best Offer on a Home

Written by Palm Harbor FL Mortgage Syndicated User on January 1, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

As a buyer in a sellers’ market, sometimes it can feel like you’re stuck between a rock and a hard place. When you’re ready to make an offer on a home, remember these five easy tips to help you rise above the competition. 1. Know Your Budget Knowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. As Freddie Mac puts it: “This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer.” Showing...

The Perks of Putting 20% Down on a Home

Written by Palm Harbor FL Mortgage Syndicated User on January 1, 2022. Posted in Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

If you’re thinking of buying a home, you’re probably wondering what you need to save for your down payment. Is it 20% of the purchase price, or could you put down less? While there are lower down payment programs available that allow qualified buyers to put down as little as 3.5%, it’s important to understand the many perks that come with a 20% down payment. Here are four reasons why putting 20% down may be a great option if it works within your budget. 1. Your Interest Rate May Be Lower A 20% down payment vs. a 3-5% down payment shows your lender you’re more financially stable and not a large...

Category: Move-Up Buyers