Why Pre-Approval Is More Important Than Ever This Spring

Written by Sarasota Mortgage Mortgage Syndicated User on March 26, 2025. Posted in Buying Tips, For Buyers, Mortgage Sarasota, Sarasota Mortgage.

Spring is here, and so is the busiest season in real estate. More buyers are out looking for homes, which means more competition for you. If you want to put yourself in the best position to buy, there’s one step you can’t afford to skip, and that’s getting pre-approved for a mortgage.Some buyers think they can wait until they’ve found a home they love before talking to a lender. But in a season where homes can sell fast, that’s a risky move. Getting pre-approved before you start your search is a much better bet.Here’s what you need to know about this early step in the buying process.What Is...

4 Things To Expect from the Spring Housing Market

Written by Sarasota Mortgage Mortgage Syndicated User on March 24, 2025. Posted in For Buyers, For Sellers, Home Prices, Mortgage Rates, Mortgage Sarasota, Sarasota Mortgage.

Spring is in full swing, and the housing market is picking up along with it. And if you’ve been wondering whether now is the right time to buy or sell, here’s the inside scoop on why this spring may be a great time to make your move.1. There Are More Homes for SaleAfter a long stretch of tight inventory, the number of homes for sale is finally improving. According to recent national data from Realtor.com, active listings are up 27.5% compared to this time last year. Look at the graph below and follow the green line for 2025. You can see, even though inventory levels still haven’t returned...

Your Roadmap to Homeownership

Written by Sarasota Mortgage Mortgage Syndicated User on March 21, 2025. Posted in Agent Value, Buying Tips, First-Time Buyers, For Buyers, Infographics, Mortgage Sarasota, Sarasota Mortgage.

Some HighlightsBuying a home isn’t just a transaction – it’s a journey. And like any great adventure, having a solid roadmap makes all the difference. ?From building your dream team to getting pre-approved, house hunting, and signing the papers on closing day – each milestone is an achievement. Your journey starts here. Connect with an agent so you have help every step along the way.?

How Buying or Selling a Home Helps Your Local Economy

Written by Sarasota Mortgage Mortgage Syndicated User on March 20, 2025. Posted in For Buyers, For Sellers, Mortgage Sarasota, Sarasota Mortgage.

Whether you’re buying or selling a house, here’s something to think about that most people don’t. Your decision doesn’t just impact your life and your family’s, it sparks a ripple effect that has a positive impact on your entire community.Every year, the National Association of Realtors (NAR) puts out a report that breaks down the financial impact that comes from people buying and selling homes. The data shows that if you buy an existing (previously lived-in) home, you’re giving the local economy a boost of just over $60K. And if you buy a newly built home, that number goes up to over...

What You Need To Know About Homeowner’s Insurance

Written by Sarasota Mortgage Mortgage Syndicated User on March 19, 2025. Posted in Buying Tips, For Buyers, Mortgage Sarasota, Sarasota Mortgage.

Homeowner’s insurance is a must-have to protect what’s probably your biggest investment – your home. And while you never want to think about worst-case scenarios, the right coverage is basically your safety net if something goes wrong. Here’s how it helps you.Covers Repairs and Rebuilding Costs: If your home is damaged by fire, storms, or other covered events, your policy helps pay for repairs or even a full rebuild.Protects Your Belongings: Many policies can also cover personal items like furniture, electronics, and clothing if they’re stolen or damaged.Provides Liability Coverage: If...

Rising Inventory Means This Spring Could Be Your Moment

Written by Sarasota Mortgage Mortgage Syndicated User on March 17, 2025. Posted in For Buyers, Home Prices, Mortgage Sarasota, Sarasota Mortgage.

Want to know two reasons this spring might finally be your time to buy? Inventory has grown and sellers may be more willing to negotiate as a result. That means you’ve got more options and more power than buyers have had in years. Let’s break it down.1. You Have More Homes To Choose FromThe number of homes for sale this February was higher than it’s been in any of the past five Februarys – and that’s great news for your home search. The graph below uses the latest data from Realtor.com to show the supply of homes on the market has grown by 27.5% in just the last year:More choices for your...

What You Need To Know About Pre-Approval

Written by Sarasota Mortgage Mortgage Syndicated User on March 14, 2025. Posted in Buying Tips, For Buyers, Infographics, Mortgage Sarasota, Sarasota Mortgage.

Some HighlightsBefore you even start looking at homes, there’s something you should do first – and that’s get pre-approved for your mortgage.Pre-approval is when a lender checks your finances and decides how much you’re qualified to borrow for your home loan. This helps you determine your budget and makes your offer stand out for sellers.?Connect with a trusted lender to get the process started.

Is the Housing Market Starting To Balance Out?

Written by Sarasota Mortgage Mortgage Syndicated User on March 13, 2025. Posted in For Buyers, Inventory, Mortgage Sarasota, Sarasota Mortgage.

For years, sellers have had the upper hand in the housing market. With so few homes for sale and so many people who wanted to purchase them, buyers faced tough competition just to get an offer accepted. But now, inventory is rising, and things are starting to shift in many areas.So, is the market finally balancing out? And does that mean buyers will have it a bit easier now? Here’s what you need to know.What Makes It a Buyer’s Market or a Seller’s Market?It all comes down to how many homes are for sale in an area compared to how many buyers want to buy there. That’s what ultimately...

Buying Your First Home? It’s Okay To Feel Nervous

Written by Sarasota Mortgage Mortgage Syndicated User on March 12, 2025. Posted in Buying Tips, First-Time Buyers, For Buyers, Mortgage Sarasota, Sarasota Mortgage.

Buying your first home is exciting, but let’s be real – it can also feel overwhelming. It’s a big step, and with that comes plenty of questions. Am I making the right decision? Can I really afford this right now? Will I be able to make ends meet if I have unexpected repairs? What if I lose my job?Here’s the thing: every first-time homebuyer has these thoughts. The homebuying process has always been a mix of excitement and nerves, and that’s completely normal. Here’s some information that can give you a bit of perspective, so you don’t have these concerns.Focus on What You Can...

Mortgage Rates Hit Lowest Point So Far This Year

Written by Sarasota Mortgage Mortgage Syndicated User on March 11, 2025. Posted in For Buyers, Mortgage Rates, Mortgage Sarasota, Sarasota Mortgage.

If you’ve been holding off on buying a home because of high mortgage rates, you might want to take another look at the market. That’s because mortgage rates have been trending down lately – and that gives you a chance to jump back in.Mortgage rates have been declining for seven straight weeks now, according to data from Freddie Mac. And the average weekly rate is now at the lowest level so far this year (see graph below):While that may not sound like a significant shift, it is noteworthy. Because the meaningful drop from over 7% to the mid-6’s can change your mindset when it comes to buying...

Category: For Buyers