What Every Homeowner Should Know About Their Equity

Written by Stuart FL Mortgage Syndicated User on August 6, 2024. Posted in Equity, For Sellers, Mortgage Rates Stuart FL, Selling Tips, Stuart FL Mortgage.

Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.Here’s a deeper look at what you need to know if you’re ready to cash in on your investment and put your equity toward your next home.Home Equity: What Is It and How Much Do You Have?Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and...

Should You Rent Out or Sell Your House?

Written by Stuart FL Mortgage Syndicated User on August 1, 2024. Posted in For Sellers, Mortgage Rates Stuart FL, Rent vs. Buy, Selling Tips, Stuart FL Mortgage.

Figuring out what to do with your house when you’re ready to move can be a big decision. Should you sell it and use the money for your next adventure, or keep it as a rental to build long-term wealth?It’s a question many homeowners face, and the answer isn’t always straightforward. Whether you’re curious about the potential income from renting or worried about the responsibilities of being a landlord, there’s a lot to consider.Let’s walk through some key questions to ask to help you make the best decision for your situation.Is Your House a Good Fit for Renting?Even if...

The Biggest Mistakes Sellers Are Making Right Now

Written by Stuart FL Mortgage Syndicated User on July 31, 2024. Posted in For Sellers, Mortgage Rates Stuart FL, Selling Tips, Stuart FL Mortgage.

The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity at the same time the supply of homes for sale is growing.And if you aren’t working with an agent, you may not realize that. Here’s the downside. If you’re not informed, you can’t adjust your strategy or expectations to today’s market. And that can lead to a number of costly mistakes.Here’s a look at some of the most common ones – and how an agent will help you avoid them when you sell. 1. Overpricing Your HouseMany sellers set their asking price too high and that’s why there’s an...

Why Fixing Up Your House Can Help It Sell Faster

Written by Stuart FL Mortgage Syndicated User on July 18, 2024. Posted in Agent Value, For Sellers, Mortgage Rates Stuart FL, Selling Tips, Stuart FL Mortgage.

If you’re thinking about selling your house, you should know there are buyers who are ready and able to pay today’s high prices. But they want a home that’s move-in ready. A recent press release from Redfin explains:“Buyers are still out there and they’re willing to pay today’s high prices, but only if the house is in really good shape. They don’t want to spend extra money on paint or new appliances.”It makes sense when you think about it. They’re having to pay a lot of money for a house in today’s market. That means they may not be able to easily afford upgrades after they move in. So, if...

Why Moving to a Smaller Home After Retirement Makes Life Easier

Written by Stuart FL Mortgage Syndicated User on July 12, 2024. Posted in Downsize, Equity, For Sellers, Mortgage Rates Stuart FL, Selling Tips, Stuart FL Mortgage.

Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it’s important to think about whether your current home still fits your needs. If it’s too big, too costly, or just not convenient anymore, downsizing might help you make the most of your retirement years. To find out if a smaller, more manageable home might be the perfect fit for your new lifestyle, ask yourself these questions:Do the original reasons I bought my current house still stand, or have my needs changed since then?Do I really need and...

Why Your Asking Price Matters Even More Right Now

Written by Stuart FL Mortgage Syndicated User on July 10, 2024. Posted in For Sellers, Home Prices, Mortgage Rates Stuart FL, Selling Tips, Stuart FL Mortgage.

If you’re thinking about selling your house, here’s something you really need to know. Even though it’s still a seller’s market today, you can’t pick just any price for your listing.While home prices are still appreciating in most areas, they’re climbing at a slower pace because higher mortgage rates are putting a squeeze on buyer demand. At the same time, the supply of homes for sale is growing. That means buyers have more options and your house may not stand out as much, if it’s not priced right.Those two factors combined are why the asking price you set for your house is more important today...

Homeowners Gained $28K in Equity over the Past Year

Written by Stuart FL Mortgage Syndicated User on July 4, 2024. Posted in Equity, For Sellers, Mortgage Rates Stuart FL, Selling Tips, Stuart FL Mortgage.

If you own a home, your net worth has probably gone up a lot over the past year. Home prices have been rising, which means you’re building equity much faster than you might think. Here’s how it works.Equity is the current value of your home minus what you owe on the loan.Over the past year, there have still been more people wanting to buy than there are homes available for sale, and that’s pushed prices up. That rise in prices has translated directly into increasing equity for homeowners.How Much Equity Have You Earned over the Past 12 Months?According to the latest Homeowner Equity Insights...

What To Do When Your House Didn’t Sell

Written by Stuart FL Mortgage Syndicated User on July 2, 2024. Posted in For Sellers, Mortgage Rates Stuart FL, Selling Tips, Stuart FL Mortgage.

If your listing expired and your house didn’t sell, it’s totally natural to feel a mix of frustration and disappointment. And as you’re working through that, you’re probably also wondering what went wrong and what you should do next.If you still need to move and want to get it back on the market, here are some things to consider as you look back.Was It Priced for Today’s Market?Setting the right price from the start is key. While it might be tempting to try shooting high with your price, that can slow down the selling process big time. If your house was priced higher than others similar to it,...

The Downsides of Selling Your House Without an Agent

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

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

Written by Stuart FL Mortgage Syndicated User on June 11, 2024. Posted in For Sale by Owner, For Sellers, Mortgage Rates Stuart FL, Selling Tips, Stuart FL 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...

Category: Selling Tips