Why You Should Consider Condos as Part of Your Home Search

Written by Sarasota Mortgage Mortgage Syndicated User on September 28, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Sarasota, Sarasota Mortgage.

The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search. The inventory of homes for sale has increased this year, and that’s giving buyers much needed options. As Danielle Hale, Chief Economist at realtor.com, says: “. . . today’s shoppers have more than 5 homes to consider for every 4 they had at this time a year ago.” But perspective is important. Overall, housing...

A Crucial First Step: Mortgage Pre-Approval [INFOGRAPHIC]

Written by Sarasota Mortgage Mortgage Syndicated User on September 16, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Sarasota, Move-Up Buyers, Sarasota Mortgage.

Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and helps sellers know your offer is serious. Connect with a trusted professional to learn more and start your homebuying process today. Content previously posted on Keeping Current Matters

Buyers Are Regaining Some of Their Negotiation Power in Today’s Housing Market

Written by Sarasota Mortgage Mortgage Syndicated User on September 15, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Sarasota, Move-Up Buyers, Sarasota Mortgage.

If you’re thinking about buying a home today, there’s welcome news. Even though it’s still a sellers’ market, it’s a more moderate sellers’ market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over asking price to get your offer considered may be coming to a close. Today, you should have less competition and more negotiating power as a buyer. That’s because the intensity of buyer demand and bidding wars is easing this year. So, if bidding wars were the biggest factor that had you sitting on the sidelines, here are two trends that may be...

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