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Tag: Selling Myths

What Does Being in a Sellers’ Market Mean?

Written by The Villages FL Mortgage Syndicated User on . Posted in The Villages FL Mortgage, The Villages FL Mortgage Calculator, The Villages FL Mortgage Company, The Villages FL Mortgage Rates.

Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house? It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’...

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The Best Use of Time (and Money) When It Comes to Renovations

Written by The Villages FL Mortgage Syndicated User on . Posted in The Villages FL Mortgage, The Villages FL Mortgage Calculator, The Villages FL Mortgage Company, The Villages FL Mortgage Rates.

In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. Here are some considerations a professional will guide you through: 1. With current supply challenges, buyers may be willing to take on projects of their own. A more balanced market typically sees a 6-month supply of homes for sale. Above that, and we’re in a buyers’ market....

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A Look at Housing Supply and What It Means for Sellers

Written by The Villages FL Mortgage Syndicated User on . Posted in The Villages FL Mortgage, The Villages FL Mortgage Calculator, The Villages FL Mortgage Company, The Villages FL Mortgage Rates.

One of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, you’ve likely heard that low supply is good news for you. It means your house will get more attention, and likely, more offers. But as life begins to return to normal, you may be wondering if that’s something that will change. While it may be tempting to blame the pandemic for the current inventory shortage, the pandemic can’t take all the credit. While it did make some sellers hold off on listing...

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Selling Your House? Make Sure You Price It Right.

Written by The Villages FL Mortgage Syndicated User on . Posted in The Villages FL Mortgage, The Villages FL Mortgage Calculator, The Villages FL Mortgage Company, The Villages FL Mortgage Rates.

There’s no denying we’re in a sellers’ market. With low inventory and high buyer demand, homes today are selling above the asking price at a record rate. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR): Homes typically sell within 17 days (compared to 26 days one year ago). The average home sold has five offers to pick from. 54% of offers are over the asking price. Because so many buyers are competing for so few homes, bidding wars are driving up home prices. According to an average of leading expert projections, existing home prices...

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What To Expect as Appraisal Gaps Grow

Written by The Villages FL Mortgage Syndicated User on . Posted in The Villages FL Mortgage, The Villages FL Mortgage Calculator, The Villages FL Mortgage Company, The Villages FL Mortgage Rates.

In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing to pay more than the market data supports is increasing.” While this is great news for today’s sellers, it can be tricky to navigate if the price of your contract doesn’t match up with the appraisal for the house. It’s called an appraisal gap, and it’s...

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Save Time and Effort by Selling with an Agent

Written by The Villages FL Mortgage Syndicated User on . Posted in The Villages FL Mortgage, The Villages FL Mortgage Calculator, The Villages FL Mortgage Company, The Villages FL Mortgage Rates.

Selling a house is a time-consuming process – especially if you decide to do it on your own, known as a For Sale By Owner (FSBO). From conducting market research to reviewing legal documents, handling negotiations, and more, it’s an involved and highly detailed process that requires a lot of expertise to navigate effectively. That’s one of the reasons why the percentage of people selling their own house has declined from 19% to 8% (See graph below):To help you understand just how much time and effort it takes to sell on your own, here’s a look at a few of the things you need to think about...

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Demand for Vacation Homes Is Still Strong

Written by The Villages FL Mortgage Syndicated User on . Posted in The Villages FL Mortgage, The Villages FL Mortgage Calculator, The Villages FL Mortgage Company, The Villages FL Mortgage Rates.

The pandemic created a tremendous interest in vacation homes across the country. Throughout the last year, many people purchased second homes as a safe getaway from the challenges of the health crisis. With many professionals working from home and many students taking classes remotely, it made sense to see a migration away from cities and into counties with more vacation destinations. The 2021 Vacation Home Counties Report from the National Association of Realtors (NAR) shows that this increase in vacation home sales continues in 2021. The report examines sales in counties where “vacant seasonal,...

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