Is a Fixer Upper Right for You?

Written by Boca Raton Mortgage Syndicated User on November 5, 2024. Posted in Affordability, Boca Raton Mortgage, Boca Raton Mortgage Rates, Buying Tips, For Buyers.

Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive into why buying a fixer upper could be your ticket to homeownership and how you can make it work.What Is a Fixer Upper?A fixer upper is a home that’s in livable condition but needs some work. The amount of work varies by home – some may need cosmetic updates like wallpaper removal and new flooring, while others might require more extensive repairs like replacing...

Q&A: How Do Presidential Elections Impact the Housing Market?

Written by Boca Raton Mortgage Syndicated User on November 2, 2024. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Economy, Home Prices, Infographics, Mortgage Rates.

Some HighlightsEven if you’re not looking to move right away, you may have questions about how the election will impact the housing market.When we look at historical trends, combined with what’s happening right now, we can find your answers. Based on historical data, mortgage rates decrease in the months before and home prices and sales increase the year after the election.The facts show Presidential elections only have a small and temporary impact on the housing market.

How Real Estate Agents Take the Fear Out of Moving

Written by Boca Raton Mortgage Syndicated User on November 1, 2024. Posted in Agent Value, Boca Raton Mortgage, Boca Raton Mortgage Rates, For Buyers, For Sellers.

Feeling a bit unsure, or even afraid, to move with everything going on right now? The decision to move shouldn’t be scary, it should be exciting. And the best way to eliminate any fear is to work with a pro. Real estate agents are so much more than just transaction facilitators; they’re trusted guides to help you navigate the complexities of the housing market with confidence and ease. And a great agent can turn what may feel like a daunting process into a manageable—and even enjoyable—experience.That’s why, in a Bright MLS survey, respondents agreed partnering with an agent is essential and...

Avoid These Top Homebuyer Mistakes in Today’s Market

Written by Boca Raton Mortgage Syndicated User on October 31, 2024. Posted in Agent Value, Boca Raton Mortgage, Boca Raton Mortgage Rates, For Buyers.

No one likes making mistakes, especially when they happen in what’s likely the biggest transaction of your life – buying a home.That’s why partnering with a trusted agent is so important. Here’s a sneak peek at the most common missteps buyers are making in today’s market and how a great agent will help you steer clear of each one.Trying To Time the MarketMany buyers are trying to time the market by waiting for home prices or mortgage rates to drop. This can be a really risky strategy because there’s so much at play that can have an impact on those things. As Elijah de la Campa, Senior Economist...

Why Home Sales Bounce Back After Presidential Elections

Written by Boca Raton Mortgage Syndicated User on October 30, 2024. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Economy, For Buyers, For Sellers, Home Prices.

With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down.Election Years Bring a Temporary SlowdownIn any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s usually a slightly larger dip in home sales in the month leading up to Election Day (see graph below):Why? Uncertainty. Many consumers hold off on making major decisions or purchases while they wait to see how the election will play out. It’s a pattern...

Why Your House Will Shine in Today’s Market

Written by Boca Raton Mortgage Syndicated User on October 29, 2024. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Sellers, Inventory.

Even though there are more homes available for sale than there were at this time last year, there are still more buyers than there are houses to choose from. So, know that if you’ve got moving on your mind, your house can really stand out.There are several key reasons why there aren’t enough homes to go around and understanding them will help you see why the market is working in your favor if you’re ready to make a move.What’s Causing the Shortage?1. Underproduction of Homes: For years, the industry hasn’t built enough homes to keep up with demand. As Zillow explains:“In 2022, 1.4 million homes...

Embroider a Halloween-Themed Pumpkin, Bat, or Cat

Written by Boca Raton Mortgage Syndicated User on October 26, 2024. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates.

Event date: October 31, 2024 Event Time: 01:00 PM – 03:00 PMLocation: 400 NW 2nd AvenueBOCA RATON, FL 33432Description:Learn the basics of embroidery

Debunking Scary Myths About Buying a Home

Written by Boca Raton Mortgage Syndicated User on October 26, 2024. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Buyers, Infographics.

Some HighlightsThere are a number of scary myths about homebuying in today’s market. Here’s what you need to know.Prices are not expected to crash, it is possible to buy even with student loan debt, and there are programs that can help you save for a down payment.Don’t let scary myths delay your homebuying plans. Connect with an agent so you have a pro to help you separate the facts from your fears.

Why Today’s Foreclosure Numbers Won’t Trigger a Crash

Written by Boca Raton Mortgage Syndicated User on October 25, 2024. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Economy, Foreclosures.

With everything feeling more expensive these days, it’s natural to worry about how rising costs might impact the housing market. Many people are concerned that high prices and tighter budgets could cause more homeowners to fall behind on their mortgage payments, leading to a wave of foreclosures.But before you start worrying about a housing market crash, here’s a look at what’s really happening. And the good news is: the latest foreclosure data shows there’s no wave on the horizon.How Today’s Market Is Different from 2008Let’s ease those fears by looking at the bigger picture. The graph below...

How Long Will It Take To Sell Your House?

Written by Boca Raton Mortgage Syndicated User on October 24, 2024. Posted in Agent Value, Boca Raton Mortgage, Boca Raton Mortgage Rates, For Sellers.

As you’re getting ready to sell your house, one of the first questions you’re probably asking is, “how long is this going to take?” And that makes sense—you want to know what to expect.While every market is different, understanding what’s happening nationally can give you a good baseline. But for an even more detailed look at real estate conditions in your area, connect with a local real estate agent. They know your local market best and can explain what’s happening near you and how it compares to national trends.Here’s a look at some of the things a great agent will walk you through during...

Tag: bocaratonmortgagerates