How Long Will It Take To Sell My House?

Written by Tampa Bay Mortgage Syndicated User on June 26, 2024. Posted in For Sellers, Inventory, Mortgage Tampa, Tampa Bay Mortgage, Tampa Mortgage.

You want your house to sell fast. And you may be wondering how long the whole process is going to take. One way to get your answer? Work with a local real estate agent.They have the expertise to tell you how quickly homes are selling in your area and what’s impacting timelines for other sellers. That way you have realistic expectations and can work together to come up with a plan that’s based on today’s market.Here’s a high-level overview of just one of the factors a great agent will walk you through – the supply of homes for sale and how that impacts your process.The Growing Supply of Homes...

Housing Market Forecast: What’s Ahead for the 2nd Half of 2024

Written by Tampa Bay Mortgage Syndicated User on June 25, 2024. Posted in For Buyers, For Sellers, Forecasts, Home Prices, Inventory, Mortgage Tampa, Tampa Bay Mortgage, Tampa Mortgage.

As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.Home Prices Are Expected To Climb ModeratelyHome prices are forecasted to rise at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sources in the industry:The reason for continued appreciation? The supply of homes for sale. Jessica Lautz, Deputy Chief Economist at the National Association of Realtors (NAR), explains:“One thing that seems to be pretty solid is that home prices are going to continue to go up, and the reason...

The Downsides of Selling Your House Without an Agent

Written by Tampa Bay Mortgage Syndicated User on June 22, 2024. Posted in For Sale by Owner, For Sellers, Infographics, Mortgage Tampa, Selling Tips, Tampa Bay Mortgage, Tampa Mortgage.

Some HighlightsConsidering selling your house without an agent? You should know there are some serious downsides to handling it on your own.You’ll be missing out on marketing tools that draw in more buyers, pricing and market expertise, essential negotiation skills, in-depth knowledge of the fine print in contracts, and so much more.Don’t take all of this responsibility on. Instead, connect with an agent so you have someone with the knowledge and experience you’ll need on your side.

Do Elections Impact the Housing Market?

Written by Tampa Bay Mortgage Syndicated User on June 18, 2024. Posted in For Buyers, For Sellers, Mortgage Tampa, Tampa Bay Mortgage, Tampa Mortgage.

The 2024 Presidential election is just months away. As someone who’s thinking about potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market.It’s a great question because buying or selling a home is a major decision, and it’s natural to wonder how such a major event might impact your plans.Historically, Presidential elections have only had a small, temporary impact on the housing market. Here’s the latest on exactly what’s happened to home sales, prices, and mortgage rates throughout those time periods.Home SalesDuring the...

Home Prices Aren’t Declining, But Headlines Might Make You Think They Are

Written by Tampa Bay Mortgage Syndicated User on June 13, 2024. Posted in For Buyers, For Sellers, Home Prices, Mortgage Tampa, Tampa Bay Mortgage, Tampa Mortgage.

If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify. Here’s what’s really happening with prices.The bottom line is home prices are higher than they were a year ago at this time, and they’re expected to keep rising, just at a slower pace.But a recent article from Redfin notes,“Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand.” And that might make you think prices are declining.Now, while it’s true the latest report from Realtor.com also shows 16.6% of homes on the market had price...

Selling Smart: Why a Real Estate Agent Makes All the Difference

Written by Tampa Bay Mortgage Syndicated User on June 11, 2024. Posted in For Sale by Owner, For Sellers, Mortgage Tampa, Selling Tips, Tampa Bay Mortgage, Tampa Mortgage.

If you’re considering selling your house on your own as a “For Sale by Owner” (FSBO), you want to think about if it’s really worth the extra stress. Going this route means shouldering a lot of responsibilities by yourself – and, if you’re not an expert, that opens the door for mistakes to happen and can quickly become overwhelming.A report from the National Association of Realtors (NAR) shows two key areas where people who sold their own house struggled the most: pricing and paperwork.Here are just a few of the ways an agent makes those tasks a whole lot easier.Getting the Price RightSetting...

Your Equity Could Make a Move Possible

Written by Tampa Bay Mortgage Syndicated User on June 7, 2024. Posted in Equity, For Sellers, Mortgage Tampa, Selling Tips, Tampa Bay Mortgage, Tampa Mortgage.

Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now. Today’s mortgage rates are higher than the one they currently have on their home, and that’s making it harder to want to sell and make a move. Maybe you’re in the same boat.But what if there was a way to offset these higher borrowing costs? There is. And the money you need probably already exists in your current home in the form of equity. What Is Equity?Think of equity as a simple math equation. Freddie Mac explains:“. . . your home’s equity is the difference between how much your home is worth...

What To Expect if You Buy or Sell a Home This June

Written by Tampa Bay Mortgage Syndicated User on June 5, 2024. Posted in For Buyers, For Sellers, Mortgage Tampa, Tampa Bay Mortgage, Tampa Mortgage.

June is a busy month in the housing market because a lot of people buy and sell this time of year. So, if you’ve got a move on your mind and you’re looking to make it happen this month, here’s a snapshot of what you need to know to make sure you’re ready.If You’re Buying This JuneA lot of homebuyers with children like to move after one school year ends and before the next one begins. That’s one reason why late spring into summer is a popular time for homes to change hands. And whether that’s a motivator for you or not, it’s important to realize more buyers are going to be looking right now –...

How an Agent Helps Market Your House

Written by Tampa Bay Mortgage Syndicated User on May 30, 2024. Posted in For Sellers, Mortgage Tampa, Selling Tips, Tampa Bay Mortgage, Tampa Mortgage.

You’re ready to sell your house. But what do you need most from your real estate agent? Well, the National Association of Realtors (NAR) asked that very question to recent sellers and found one of the top things they were looking for is help marketing their house to potential buyers. Maybe that’s what you need the most help with too.You expect your real estate agent to write a great description of your house for the listing and pair it with some high-quality photos. But that’s not all you’re going to get when you partner with a great agent.They’ll do a lot more to make sure your house stands...

Questions You May Have About Selling Your House

Written by Tampa Bay Mortgage Syndicated User on May 24, 2024. Posted in For Sellers, Mortgage Tampa, Selling Tips, Tampa Bay Mortgage, Tampa Mortgage.

There’s no denying mortgage rates are having a big impact on today’s housing market. And that may leave you with some questions about whether it still makes sense to sell your house and make a move.Here are three of the top questions you may be asking – and the data that helps answer them.1. Should I Wait To Sell?If you’re thinking about waiting to sell until after mortgage rates come down, here’s what you need to know. So are a ton of other people.And while mortgage rates are still forecasted to come down later this year, if you wait for that to happen, you may be dealing with a lot more competition...

Category: For Sellers