Renting or Selling Your House: What’s the Best Move?

Written by St. Augustine Mortgage Syndicated User on July 12, 2023. Posted in For Sellers, Selling Myths, St. Augustine, St. Augustine Mortgage.

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years.While a short-term rental can be a tempting idea, you may find the reality of being responsible for one difficult to take on. Here are some of the challenges you could face if you rent out your house instead of selling it.A Short-Term Rental Comes with ResponsibilitiesSuccessfully managing your house...

Smoke Alarm Installation

Written by St. Augustine Mortgage Syndicated User on July 12, 2023. Posted in St. Augustine, St. Augustine Mortgage.

St. Augustine Fire Department will assist with installing and testing smoke alarms.

Momentum Is Building for New Home Construction

Written by St. Augustine Mortgage Syndicated User on July 11, 2023. Posted in For Buyers, Housing Market Updates, New Construction, St. Augustine, St. Augustine Mortgage.

If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options. And, if your biggest hurdle right now is that you’re having trouble finding something you like, don’t forget that a newly built home is a great option.As a recent article from the National Association of Realtors (NAR) says: “Home buyers continue to be met with limited housing options during what’s typically the real estate market’s busiest season. . . . The current supply of existing homes is about half the level it was in...

Reasons Your Home May Not Be Selling

Written by St. Augustine Mortgage Syndicated User on July 10, 2023. Posted in For Sellers, Pricing, St. Augustine, St. Augustine Mortgage.

When it comes to selling your house, you want three things: to sell it for the most money you can, to do it in a certain amount of time, and to do all of that with the fewest hassles. And, while the current housing market is generally favorable to sellers due to today’s limited housing supply, there are still factors that can cause delays or even prevent a house from selling.If you’re having trouble getting your house to sell in today’s sellers’ market, here are a few things to think about.Limited Access – If You Can’t Show It, You Can’t Sell It.One of the biggest mistakes you...

The Benefits of Downsizing for Homeowners [INFOGRAPHIC]

Written by St. Augustine Mortgage Syndicated User on July 7, 2023. Posted in For Buyers, Infographics, St. Augustine, St. Augustine Mortgage.

Some HighlightsDownsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs.Downsizing could help cut down on your expenses and your equity can fuel your move.If you’re thinking about moving to a smaller home, connect with a real estate professional to go over your housing goals and look at your options in the local market.

Homeless Initiative

Written by St. Augustine Mortgage Syndicated User on July 7, 2023. Posted in St. Augustine, St. Augustine Mortgage.

Information and links to about the City’s efforts to help the homeless and reduce panhandling.

PFAS

Written by St. Augustine Mortgage Syndicated User on July 7, 2023. Posted in St. Augustine, St. Augustine Mortgage.

Review the utility providers in your area.

Meeting Calendar

Written by St. Augustine Mortgage Syndicated User on July 7, 2023. Posted in St. Augustine, St. Augustine Mortgage.

St. Augustine City Commission meets at 5 p.m. the second and fourth Monday in The Alcazar Room on the first floor of City Hall, located at 75 King Street.

Today’s Housing Inventory Is a Sweet Spot for Sellers

Written by St. Augustine Mortgage Syndicated User on July 6, 2023. Posted in For Sellers, Housing Market Updates, Selling Myths, St. Augustine, St. Augustine Mortgage.

One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on active listings, or homes for sale in a given month, as it compares to more normal levels.According to a recent report from Realtor.com: “On average, active inventory in June was 50.6% below pre-pandemic 2017–2019 levels.”The graph below helps illustrate this point. It uses historical data to provide a more concrete look at how...

Two Questions To Ask Yourself if You’re Considering Buying a Home

Written by St. Augustine Mortgage Syndicated User on July 5, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing, St. Augustine, St. Augustine Mortgage.

If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, overhearing someone chatting at the local supermarket, the list goes on and on. Most likely, home prices and mortgage rates are coming up a lot. To help cut through the noise and give you the information you need most, take a look at what the data says. Here are the top two questions you need to ask yourself...

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