Buying Tips | | Page 7 of 12 | Cape San Blas Mortgage

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

Written by Cape San Blas Mortgage Syndicated User on February 27, 2025. Posted in Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Buyers.

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...

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

Written by Cape San Blas Mortgage Syndicated User on February 20, 2025. Posted in Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Buyers.

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...

Breaking Into the Market: Smart Moves for First-Time Buyers

Written by Cape San Blas Mortgage Syndicated User on February 13, 2025. Posted in Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, First-Time Buyers, For Buyers.

If you’re like a lot of aspiring homebuyers, there’s a major hurdle standing in your way — the cost of living. From groceries to gas, eggs, and just about everything else, prices have gone up. And that rings true for home prices, too.But even when everything feels expensive, there are still ways to make homeownership more than an item on your wish list. You may just need to think about where you plan to buy a bit differently.Think of Your First Home as a Stepping Stone One of the biggest misconceptions among buyers is that their first home has to be their forever home – or that it has to...

Why Buying a Home Now Is Your Winning Play

Written by Cape San Blas Mortgage Syndicated User on February 8, 2025. Posted in Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Buyers, Infographics.

Some HighlightsYou may be sitting on the sidelines wondering if it’s better to buy now or wait. But buying before the spring rush may be a game-changing decision.?Moving this winter can give you significant advantages, like less competition, more negotiating power, and lower prices.If you’re able to buy now, stay ahead of the game and outrun the competition. To tackle your homebuying plans this year, connect with a local agent.?

The Perks of Buying a Fixer-Upper

Written by Cape San Blas Mortgage Syndicated User on February 7, 2025. Posted in Affordability, Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Buyers.

There’s no denying affordability is tough right now. But that doesn’t mean you have to put your plans to buy a home on the back burner.If you’re willing to roll up your sleeves (or hire someone who will), buying a house that needs some work could open the door to homeownership. Here’s everything you need to know so you can decide if this is the right move for you.What’s a Fixer-Upper?A fixer-upper is a home that’s livable but requires some renovations. Think cosmetic updates like wallpaper removal and new flooring or more extensive repairs like replacing a roof or updating plumbing.While...

Buyer Bright Spot: There Are More Homes on the Market

Written by Cape San Blas Mortgage Syndicated User on February 5, 2025. Posted in Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Buyers, Forecasts, Inventory.

The past few years have been challenging for homebuyers, especially with higher home prices and mortgage rates. And if you’re trying to buy a home, it’s easy to worry you won’t be able to find something in your budget.But here’s what you need to know. The number of homes for sale has grown a whole lot lately and that’s true for both existing (previously lived-in) and newly built homes. Here’s a look at those two bright spots for buyers right now and why they may make it a bit easier to find the home you’re been looking for.1. There Are 22% More Existing Homes for Sale Data from Realtor.com...

Two Resources That Can Help You Buy a Home Right Now

Written by Cape San Blas Mortgage Syndicated User on January 30, 2025. Posted in Affordability, Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, First-Time Buyers, For Buyers.

A recent report from Realtor.com says 20% of Americans don’t think homeownership is achievable. Maybe you feel the same way. With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge. But here’s the thing. With the right resources and help, you can still make it happen.There are options that can help make buying a home possible today — even if your savings are limited or your credit isn’t perfect. Let’s explore just two of the solutions that could help get you into your first home no matter the market.1. FHA LoansIf your down payment savings...

Smaller Homes, Bigger Opportunities: The Homebuilder Trend Buyers Love

Written by Cape San Blas Mortgage Syndicated User on January 24, 2025. Posted in Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Buyers, Home Prices, Mortgage Rates.

It’s no secret that affordability is tough with where mortgage rates and home prices are right now. And that may have you worried about how you’ll be able to buy a home. But, if you don’t need a ton of space, you may find you have more cost-effective options in an unexpected place: new home communities.Builders Are Building Smaller Homes Since smaller homes typically come with smaller price tags, buyers have turned their attention to homes with less square footage — and builders have shifted their focus to capitalize on that demand. As U.S. News notes:“The combination of higher home prices...

Why More People Are Buying Multi-Generational Homes Today

Written by Cape San Blas Mortgage Syndicated User on January 22, 2025. Posted in Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Buyers.

Today, 17% of homebuyers are choosing multi-generational homes — that’s when you buy a house with your parents, adult children, or even distant relatives. What makes that noteworthy is that 17% is actually the highest level ever recorded by the National Association of Realtors (NAR). But what’s driving the recent rise in multi-generational living?Top Benefits of Choosing a Multi-Generational HomeIn the past, homebuyers often opted for multi-generational homes to make it easier to care for their parents. And while that’s still a key reason, it’s not the only one. Right now, there’s another...

The Truth About Credit Scores and Buying a Home

Written by Cape San Blas Mortgage Syndicated User on January 15, 2025. Posted in Buying Tips, Cape San Blas Mortgage, Cape San Blas Mortgage Rates, For Buyers.

Your credit score plays a big role in the homebuying process. It’s one of the key factors lenders look at to determine which loan options you qualify for and what your terms might be. But there’s a myth about credit scores that may be holding some buyers back.The Myth: You Need To Have Perfect CreditAccording to Fannie Mae, only 32% of potential homebuyers have a good idea of what credit score lenders actually require. That means two-thirds of buyers don’t actually know what lenders are looking for – and most overestimate the minimum credit score needed.The Reality: Perfect Isn’t...

Category: Buying Tips