Owning Is More Affordable than Renting in the Majority of the Country

Written by Lower Keys Mortgage Syndicated User on January 31, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Pricing, Rent vs. Buy.

If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable than renting in the majority of the country. The 2022 Rental Affordability Report says: “. . . Owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller portion...

Why Your Home Inspection Matters [INFOGRAPHIC]

Written by Lower Keys Mortgage Syndicated User on January 28, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers.

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

Florida Mortgage | No Matter What the Groundhog Says You Should Sell Before the Spring!

Written by Lower Keys Mortgage Syndicated User on January 28, 2022. Posted in Lower Keys Florida Mortgage, Lower Keys Mortgage.

Florida Mortgage Experts | No Matter What the Groundhog Says, You Should Sell Before the Spring! Buyers are looking for homes right now, and with today’s record-low inventory, the chance of your house getting noticed is high. Let’s connect today so you get all the benefits that come with listing your house before spring. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers

Written by Lower Keys Mortgage Syndicated User on January 27, 2022. Posted in For Sellers, Housing Market Updates, Lower Keys Florida Mortgage, Lower Keys Mortgage.

If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why. Demand Is Very Strong According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), 6.18 million homes were sold in 2021. This was the largest number of home sales in 15 years. Lawrence Yun, Chief Economist for...

Are You a Homeowner Thinking About Climate Change?

Written by Lower Keys Mortgage Syndicated User on January 26, 2022. Posted in For Sellers, Housing Market Updates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers.

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...

The Next Generation of Homebuyers Is Here

Written by Lower Keys Mortgage Syndicated User on January 25, 2022. Posted in Demographics, First Time Home Buyers, For Buyers, Gen Z, Lower Keys Florida Mortgage, Lower Keys Mortgage.

Many members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about homeownership. The sooner you start planning, the sooner you can move on from renting. As you set off on your journey and plan your next move, here are a few reasons to think about homebuying this year. The Reasons Gen Z Want To Become Homeowners While the majority of Gen Z haven’t entered the housing market yet, a large portion plan to according to a realtor.com report. The report...

Why Pre-Approval Is Key for Homebuyers in 2022

Written by Lower Keys Mortgage Syndicated User on January 24, 2022. Posted in First Time Home Buyers, For Buyers, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers.

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...

Americans Choose Real Estate as the Best Investment [INFOGRAPHIC]

Written by Lower Keys Mortgage Syndicated User on January 21, 2022. Posted in For Buyers, Housing Market Updates, Infographics, Lower Keys Florida Mortgage, Lower Keys Mortgage.

Some Highlights According to a Gallup poll, real estate has been rated the best long-term investment for eight years in a row. Real estate tops the list because you’re not just buying a place to call home – you’re investing in your future. Real estate is typically considered a stable and secure asset that can grow in value over time. Let’s connect today if you’re ready to make real estate your best investment this year. Content previously posted on Keeping Current Matters

Florida Mortgage | Home Equity Is a Seed That Can Grow Your Wealth

Written by Lower Keys Mortgage Syndicated User on January 21, 2022. Posted in Lower Keys Florida Mortgage, Lower Keys Mortgage.

Florida Mortgage | Home Equity Is a Seed That Can Grow Your Wealth When you buy a home, you plant a seed that grows your investment each year. Let’s connect so you can buy the home of your dreams and let the equity take root today. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Buyers Want To Know: Why Is Housing Supply Still So Low?

Written by Lower Keys Mortgage Syndicated User on January 20, 2022. Posted in Buying Myths, For Buyers, Housing Market Updates, Lower Keys Florida Mortgage, Lower Keys Mortgage.

One key question that’s top of mind for homebuyers this year is: why is it so hard to find a house to buy? The truth is, we’re in the ultimate sellers’ market, so real estate is ultra-competitive for buyers right now. The number of buyers searching for a home greatly outweighs how many homes are available for sale. While low inventory in the housing market isn’t new, it’s a challenge that continues to grow over time. Here’s a look at two reasons why today’s housing supply is low and what that means for you. 1. New Home Construction Fell Behind for Several Years The graph below shows new home...

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