Whether you’re putting your home on the market this year or in the next five years, it is a smart decision to start building your home’s resale value now. Here are some ways to create a comfortable home while making it easier to put more money into your bank account on closing day.
Category Archives: Area home values
Hot Homes List 3/27/2023- Todd Mowry Your Local Orlando Area Realtor
Get the newest homes on the maket and the most up to date housing and mortgage information for the Orlando and surrounding communities.
What recent bank failures mean for mortgage rates (and you)-Todd Mowry Your Local Orlando Area Realtor
The recent collapse of Silicon Valley and Signature banks sent shockwaves through the financial sector, causing a ripple effect through the economy.
While the situation has been challenging, there’s also been a silver lining in real estate:
Mortgage rates are down.
Read on for a summary of the situation, as well as what it means for homebuyers, sellers, and owners like you.
Orlando and Surrounding Area Housing Market Update for January 2023- Todd Mowry Your Local Orlando Realtor
Here we are in a new month and a new year. The housing market is still moving along…it just has slowed down a bit compared to the few torrid paced years we had before. We are also coming into a new year and out of the holidays which is a slower time of year for home sales in general every year. The FED has raised rates again, but they are still staying in the same ballpark of rates that has been the average over the past 30 or so years. The past 30 years the average after the peaks and valleys has been around 6 to 7% and thats where we are. I don’t see 4% or less coming back anytime soon. It would be great, but for all of you holding out for that again..good luck. Right now if you plan on buying a home in the near future… soon… if not now is a good time if you want to have more choices and be able to take your time. The buying cycle has slowed down to more of a normal pace and buyers and sellers can breathe and real contract negotiations and home inspections can go back on again. Buyers have more to choose from and sellers actually have to paint and fix problems that were being overlooked in the past months and couple years. Springtime historically is going to be busier so start looking now if you are ready. Prices might drop more later, but then people are going to start jumping back into the maket and the deals will be there, but have more competition again less time to make a decision.
Real Home Value Calculator: Assessed Value vs Market Value – Todd Mowry Your Local Orlando Area Realtor
Understanding a home’s true market value is about more than pictures, software assessments and price-per-square-foot. Whether you’re a current homeowner thinking of selling or are house-hunting, it’s crucial you understand what factors affect home valuation. By partnering with a local market expert, sellers will avoid pricing their house out of the market (the kiss of death in real estate) and buyers will ensure they get a good deal on their next home.
So, how do you accurately calculate a home’s value? After all, the value a home is assigned by its town or county and the one it’s given when it’s listed are often dramatically different from one another. Which one is accurate and what does it all mean? Read on to learn more.
Market Update For December 2022 In The Orlando-Kissimmee-Sanford Area — Todd Mowry Your Local Orlando Realtor
Time once again for a market update for Orlando-Kissimmee-Sanford and the surrounding communities. As you can see from the graphic above…
2023 Real Estate Market Outlook (And What It Means for You)- Todd Mowry Your Local Orlando Area Realtor
Last year, one factor drove the real estate market more than any other: rising mortgage rates. In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly. BothContinue reading “2023 Real Estate Market Outlook (And What It Means for You)- Todd Mowry Your Local Orlando Area Realtor”
‘Tis the Season: 5 Reasons Why Winter is a Great Time to Buy or Sell a Home- Todd Mowry Your Local Orlando Area Realtor
This is generally considered the “offseason” in real estate. Many sellers mistakenly believe that the cold weather will keep buyers away and that no one is looking over the holidays. Unfortunately, many real estate professionals perpetuate this myth by advising their clients to “wait until the spring” to list their home.
The truth is, homes are bought and sold year round. And while the market is typically quieter during the fall and winter, savvy buyers and sellers know how to use this slow down to their advantage. In fact, depending on your circumstances, now may be the ideal time for you to purchase or list a home.
7 Tips to Maximize Your Home’s Sale Price – Todd Mowry Your Local Orlando Area Realtor
Fortunately, we’ve developed a listing strategy that combines our proven approach to preparation, pricing, and promotion—all designed to help you get top dollar for your home. But you will play an important role in the selling process, as well.
Here are some crucial steps you can take to set yourself up for success as a home seller in this market:
8 Strategies You Must Know to Secure a Lower Mortgage Rate- Todd Mowry Your Local Orlando Area Realtor
How does a lower mortgage rate save you money? According to Trading Economics, the average new mortgage size in the United States is currently around $410,000.2 Let’s compare a 5.0% versus a 6.0% fixed-interest rate on that amount over a 30-year term.