Available 7 Days/Week       MON - FRI  8am - 7pm       SAT - SUN  10am – 6pm
Call us (888) 259-2257
Apply Now

Category: Mortgage Florida

Category Added in a WPeMatico Campaign

Mortgage Broker vs. Bank: Which Will Save You More? #mortgagebrokervsbank #floridamortgagebroker #floridamortgage #fidelityhomegroup

Mortgage Broker vs. Bank: Which Will Save You More? #mortgagebrokervsbank #floridamortgagebroker #floridamortgage #fidelityhomegroup ? original sound – Fidelity Home Group® – Fidelity Home Group®

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, floridamortgagecalculator

What To Do When Your House Didn’t Sell

What To Do When Your House Didn’t Sell Simplifying The Market

If your listing expired and your house didn’t sell, it’s totally natural to feel a mix of frustration and disappointment. And as you’re working through that, you’re probably also wondering what went wrong and what you should do next.

If you still need to move and want to get it back on the market, here are some things to consider as you look back.

Was It Priced for Today’s Market?

Setting the right price from the start is key. While it might be tempting to try shooting high with your price, that can slow down the selling process big time. If your house was priced higher than others similar to it, it may have turned away buyers. And that’s likely why it sat on the market. As Rocket Mortgage explains:

“Buyer interest in your home is highest when it first comes on the market. That’s why it’s so important to start with the right price on day one. . . If you overprice your house, buyers may just raise an eyebrow and move on to the next listing without even coming for a showing. . . It can be easy to think your home is worth more but try not to let sentimental value color your judgment. Your home’s true value is whatever a buyer is willing to pay for it.”

Was It Easy for Buyers To Tour?

One of the biggest mistakes you can make when selling your house is overly restricting the days and times when potential buyers can tour it. Even though it might feel stressful to drop everything and leave when buyers want to see your house, being flexible with your schedule is important. After all, minimal access means minimal exposure to buyers. ShowingTime advises:

“. . . do your best to be as flexible as possible when granting access to your house for showings.”

Was It Set Up To Make the Best Impression on Buyers?

If buyers weren’t interested in your house, it’s worth taking another look at your home through their eyes. Are there outstanding repairs that may be distracting them? Even if it’s a small thing, some buyers may see it as a sign the maintenance on the home is falling behind.

Just remember, you don’t always need to make big upgrades. Selective small repairs or touch-ups go a long way. Things like tidying up your landscaping, a fresh coat of paint inside, or removing personal items and clutter can work wonders in sprucing up the house for potential buyers. You could also consider staging the home.

Were You Willing To Negotiate?

If there were offers coming in, but you weren’t ready to negotiate, that may be another reason why it didn’t sell. While you want to get top dollar for your house, you also need to be realistic about what your house can net in today’s market. The market is still tipped in a seller’s favor, but the supply of homes for sale is growing and buyers are feeling the sting of higher mortgage rates. So being willing to play ball can make closing a deal a whole lot easier. A skilled agent can help. As Ramsey Solutions explains:

“If you don’t have the money or time to fix home issues, consider offering some other form of incentive to buyers. . . An experienced real estate agent can help you arrange a deal where you and your buyer both come out on top.” 

Did You Listen To Your Agent?

If you want an expert’s advice on why it didn’t sell, rely on a trusted real estate agent. Whether that’s the agent you used previously or a new one once the listing has officially expired, a great agent will sit down and take the time to talk it over with you. They’ll want to hear your honest opinion on what worked and what didn’t, and where you want to go from here.

Then, they’ll offer their perspective. This includes tailored advice and effective strategies for re-listing your house to get it sold. As Better Homes & Gardens says, an agent should be your go-to resource in this situation:

“If you’re frustrated with the timeline of your sale, chat with your real estate agent. Agents want what is best for you and the sale of your home, and having open communication about any frustrations will be key.”

Bottom Line

It’s natural to feel disappointed when your listing has expired and your house didn’t sell. Connect with a reliable real estate agent to determine what happened, and what changes you should make to get your house back on the market.

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, #mortgageflorida

Miami-Dade County Market Snapshot #miami #miamirealestate #miamimortgage #fidelityhomegroup #floridamortgage

Miami-Dade County Market Snapshot #miami #miamirealestate #miamimortgage #fidelityhomegroup #floridamortgage ? original sound – Fidelity Home Group® – Fidelity Home Group®

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, floridamortgagecalculator

Orlando: Florida’s Second Leading Rental Market #floridarentalmarket #rentalmarket #rentalproperties #fidelityhomegroup #floridamortgage

Orlando: Florida’s Second Leading Rental Market #floridarentalmarket #rentalmarket #rentalproperties #fidelityhomegroup #floridamortgage ? original sound – Fidelity Home Group® – Fidelity Home Group®

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, floridamortgagecalculator

Florida Cities: The Highest and Lowest Cost of Living #costofliving #floridacostofliving #florida #floridalife #fidelityhomegroup

Florida Cities: The Highest and Lowest Cost of Living #costofliving #floridacostofliving #florida #floridalife #fidelityhomegroup ? original sound – Fidelity Home Group® – Fidelity Home Group®

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, floridamortgagecalculator

Florida Introduces Reinsurance Program to Stabilize Market #floridareinsuranceprogram #floridarealestate #floridamortgage #fidelityhomegroup #floridamortgage

Florida Introduces Reinsurance Program to Stabilize Market #floridareinsuranceprogram #floridarealestate #floridamortgage #fidelityhomegroup #floridamortgage ? original sound – Fidelity Home Group® – Fidelity Home Group®

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, floridamortgagecalculator

Florida Property Insurance: 14% Rate Hike for 2025 #floridahomeownersinsurance #homeownersinsurance #floridarealestate #floridamortgage #fidelityhomegroup #floridamortgagecompany

Florida Property Insurance: 14% Rate Hike for 2025 #floridahomeownersinsurance #homeownersinsurance #floridarealestate #floridamortgage #fidelityhomegroup #floridamortgagecompany ? original sound – Fidelity Home Group® – Fidelity Home Group®

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, floridamortgagecalculator

Housing Market Forecast for the 2nd Half of 2024 [INFOGRAPHIC]

Housing Market Forecast for the 2nd Half of 2024 [INFOGRAPHIC] Simplifying The Market

No Caption Received

Some Highlights

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, #mortgageflorida

Sunshine State Standouts: Top Florida Cities to Live In #floridarealestate #floridaliving #florida #floridalife #fidelityhomegroup #floridamortgage

Sunshine State Standouts: Top Florida Cities to Live In #floridarealestate #floridaliving #florida #floridalife #fidelityhomegroup #floridamortgage ? original sound – Fidelity Home Group® – Fidelity Home Group®

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, floridamortgagecalculator

The Difference Between an Inspection and an Appraisal

The Difference Between an Inspection and an Appraisal Simplifying The Market

When you decide to buy your first home, you may come across a number of terms and conditions you’re not familiar with. While you may have a general idea of what an inspection is, maybe you’re not sure why you need one or how it’s different from an appraisal. To keep it simple, here’s an explainer of each one and what they mean for you as a homebuyer.

Home Inspection

Once you’re under contract on a home you’d like to buy, getting an inspection is a key part of the process. An inspection gives you a clear idea of the safety and overall condition of the home – which is important for such a big transaction. As a recent Realtor.com article explains:

A home inspection is something that protects your financial interest in what will likely be the largest purchase you make in your life—one in which you need as much information as possible.”

If anything is questionable in the inspection process – like the age of the roof, the state of the HVAC system, or just about anything else – you have the option to discuss and negotiate any potential issues or repairs with the seller before the transaction is final. And don’t worry – you don’t have to go through that process alone. Your real estate agent will be your advocate and negotiate with the seller for you.

Home Appraisal

While the inspection tells you about the current state of the house, an appraisal gives you its value. Bankrate explains:

“When buying or selling a home, an appraisal verifies that the sale price of the home is in line with fair market value. This ensures the homebuyer doesn’t pay more than the home is worth, and the mortgage lender doesn’t lend more than it is worth.”

Regardless of what you’re willing to pay for a house, if you’ll be using a mortgage to fund your purchase, the appraisal protects you from overpaying and the bank from lending you more than the home is worth.

And if there’s ever any confusion or discrepancy between the appraisal and the agreed-upon price in your contract, your trusted real estate professional will help you navigate any additional negotiations to try to close the gap.

Bottom Line

The inspection and the appraisal are different but equally important steps when buying a home – and you don’t need to manage them by yourself. Connect with an agent today so you have expert guidance from start to finish.

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, #mortgageflorida