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Is an Accessory Dwelling Unit Right for You? Here’s What To Know

Written by Nokomis Mortgage Syndicated User on February 27, 2025. Posted in Buying Tips, For Buyers, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

Are you having a hard time finding the right home in your budget? Or maybe you already own a home but could use some extra income or a designated space for aging loved ones. Either way, accessory dwelling units (ADUs) could be the smart solution you’ve been looking for in today’s market.What Is an ADU?According to Fannie Mae, an ADU is a small, separate living space that’s on the same lot as a single-family home. It must include its own areas for living, sleeping, cooking, and bathrooms independent of the main house. And they can take shape in a few different ways. Fannie Mae adds, an ADU...

Are Investors Actually Buying Up All the Homes?

Written by Nokomis Mortgage Syndicated User on February 26, 2025. Posted in Inventory, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

Are you trying to buy a home but you feel like you’re up against deep-pocketed Wall Street investors snatching up everything in sight? Many people believe mega investors are driving up prices and buying up all the homes for sale, and that’s making it hard for regular buyers like you to compete.But here’s the truth. Investor purchases are actually on the decline, and the big players aren’t nearly as active as you might think. Let’s dive into the facts and put this myth to rest.Most Investors Are Small, Not Mega InvestorsA common misconception is that massive institutional investors are...

How To Buy a Home Without Waiting for Lower Rates

Written by Nokomis Mortgage Syndicated User on February 25, 2025. Posted in Forecasts, Mortgage Rates, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

Many people are hoping mortgage rates will come down before they buy a home. But will that actually happen? According to the latest forecasts, experts say rates will decline, but not by as much as a lot of people want.The good news? Even if they don’t drop substantially, there are still ways to make buying a home more affordable.How Much Will Rates Drop?A few months ago, experts were forecasting mortgage rates could dip below 6% by the end of the year. But recent projections suggest that may not happen after all.While mortgage rates are still expected to decline some later this year,...

Should I Update My House Before I Sell It?

Written by Nokomis Mortgage Syndicated User on February 22, 2025. Posted in For Sellers, Infographics, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates, Selling Tips.

Some HighlightsWith more homes for sale and buyers being more selective, it’s smart to make strategic updates.? But how do you decide what’s worth doing? ?You lean on an agent.An agent will be able to tell you what buyers want, quick wins that’ll have a big impact, and what projects have the best ROI.What projects are on your to-do list before selling? With only a month left before spring, connect with a local agent so you know what’s worth the time and effort.

Seller Concessions: A Smart Strategy To Get Your House Sold

Written by Nokomis Mortgage Syndicated User on February 21, 2025. Posted in For Sellers, Inventory, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates, Selling Tips.

For the past few years, it’s been mostly a seller’s market. But dynamics are shifting as the number of homes for sale grows. And that means that the market is balancing out a bit. As a result, some sellers are finding they need to be more flexible to close a deal. One strategy that can help? Offering concessions.As the National Association of Realtors (NAR) explains:“As home inventory begins to grow and buyers regain some advantage in the market, sellers may consider offering more in negotiations to make the deal more attractive and get to the closing table.”What Are Seller...

The Return to Urban Living — Why More People Are Moving Back to Cities

Written by Nokomis Mortgage Syndicated User on February 20, 2025. Posted in Buying Tips, For Buyers, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

After years of suburban and rural migration during the pandemic, cities have been making a comeback in the past couple of years. According to the National Association of Realtors (NAR), the percentage of people moving to cities has risen to 16%. While that may not sound like a big number to you, it is the highest level in a decade – and that’s a big deal (see graph below):And data from BrightMLS seems to confirm this trend. In a recent survey, 1 in 5 (20.6%) people looking to buy say they want to live in the city.So, what’s behind this ongoing shift back to urban living? Let’s break down...

Buying a Home May Help Shield You from Inflation

Written by Nokomis Mortgage Syndicated User on February 19, 2025. Posted in Home Prices, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates, Rent vs. Buy.

It feels like everything is getting more expensive these days. That’s because inflation has remained higher than normal for longer than expected – and that’s impacting the costs of goods, services, and more. And with rising costs all around you, you’re probably questioning: is now really the right time to buy a home?Here’s the good news. Owning a home is actually one of the best ways to protect yourself from the rising costs that come with inflation.A Fixed Mortgage Protects You from Rising Housing CostsOne of the key benefits of homeownership is that when you buy a home with a fixed-rate...

Are You Asking Yourself These Questions About Selling Your House?

Written by Nokomis Mortgage Syndicated User on February 18, 2025. Posted in For Sellers, Inventory, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

Some homeowners hesitate to sell because they’ve got unanswered questions that hold them back. But a lot of times their concerns are based on misconceptions, not facts. And if they’d just talk to an agent about it, they’d see these doubts aren’t necessarily a hurdle at all.If uncertainty is keeping you from making a move, it’s time to get the real answers. The ones you deserve. And to take the pressure off, you don’t have to ask the questions, because here’s the data that answers them.1. Is It Even a Good Idea To Move Right Now? If you own a home already, you may be tempted to wait because...

Why You’ll Love Owning a Home

Written by Nokomis Mortgage Syndicated User on February 15, 2025. Posted in First-Time Buyers, For Buyers, Infographics, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

Some HighlightsOwning a home comes with many benefits, both non-financial and financial.From the sense of accomplishment and freedom of expression, to growing your net worth, it’s easy to fall in love with homeownership.What’s the top reason you’d love to own a home? Connect with an agent to come up with a plan that makes it possible.

The Secret To Selling This Spring: Start the Prep Work Now

Written by Nokomis Mortgage Syndicated User on February 14, 2025. Posted in For Sellers, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates, Selling Tips.

Spring is the busiest season in the housing market. It’s the time of year when buyers are most active – that means it’s when homes sell faster and for top dollar. If you’ve already got a move on your mind, why not list this spring and take advantage of the added buyer demand? Since spring is just around the corner, now’s the time to start getting your house market-ready. You’ve got just over a month to do the prep work. And while that may sound like a decent amount of time, it’s going to go by quickly. And you won’t want to rush through this important task – especially this year. The Right...

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