Has your house been sitting on the market longer than expected? If so, you’re bound to be frustrated by now. Maybe you’re even thinking it’s time to pull the listing and wait to see what 2025 brings. But what you may not realize is, the decision to hold off could actually cost you. Here’s a look at why staying the course could be the smarter move. Other Sellers Are Pulling Back. Should You Hold Off Too? According to recent data from Altos Research, the number of withdrawals is increasing – that means more sellers are opting to pull their listings off the market right now. And this isn’t unusual for this time of the year. In the housing market, there are seasonal ebbs and flows. Inventory levels typically start to drop off a bit headed into the fall season as some sellers delay their pl... 10/08/2024

If you’re toying with the idea of selling your house, you’re probably wondering how much it’ll cost. To be honest, the final number will depend on several factors like the offer you accept, if you help with your buyer’s closing costs, how many repairs you tackle, and more.So, to give you a ballpark of what to expect, here’s some information on a few of the expenses you’ll want to be ready for (see graph below): But here’s something that puts those costs into perspective. Most homeowners today have a substantial amount of equity built up in their homes, and that means they stand to make significant gains when they sell. Chances are, you do too. This can help quickly recoup these selling costs. You may even have enough equity leftover to put some toward your next home purchase too. Let’s ... 10/10/2024

You may have heard chatter recently about the economy and talk about a possible recession. It's no surprise that kind of noise gets some people worried about a housing market crash. Maybe you’re one of them. But here’s the good news – there’s no need to panic. The housing market is not set up for a crash right now.Real estate journalist Michele Lerner says:“A housing market crash happens when home values plummet due to a lack of demand for homes or an oversupply.”With that definition in mind, here are two reasons why this just isn’t on the horizon.1. Demand for Homes Is Higher than SupplyOne of the biggest reasons the housing market crashed back in 2008 was an oversupply of homes. Today, though, it’s a very different story.It’s a general rule of thumb that a market where supply and dema... 10/09/2024

by Anthony Stokes-Pereira /LPT Realty October 06, 2024 09:08 AM Buying your first home is an exciting milestone, but it can also be a daunting process. To help you navigate this journey, we’ve put together a comprehensive guide covering everything from preparing for mortgage prequalification to understanding current interest rates and housing inventory in Lake Nona, Orlando. Preparing to Get Pre-Approved for a Mortgage Before you start house hunting, it’s crucial to get pre-approved for a mortgage. This step will give you a clear idea of how much you can afford and make you a more attractive buyer to sellers. Here are some steps to help you prepare: Gather Financial Documents: Collect your recent pay stubs, tax returns, bank statements, and any other financial documents that show your ... 10/06/2024