Home seller conundrum: Move-up buyers want to jump into the market now before prices go up, but they also want to wait and get top dollar for their current home. Source: Florida Realtors
Buying a Home? 4 Demands to Make on Your Real Estate Agent
Are you thinking of buying a home? Are you dreading having to walk through strangers’ houses? Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of buying. A great agent is always worth more than the commission they charge, just like a great […]
Which websites have the fairest agent-rating system?
The Pa. Association of Realtors looked at nine websites that rate real estate agents, and found nine different rating systems with varying degrees of accuracy. Source: Florida Realtors
Taking the Fear out of the Mortgage Process
A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll […]
First-time buyers, single women get traction in 2016
NAR’s 2016 buyer-seller survey found that FSBO transactions hit at an all-time low, almost 90% of buyers and sellers worked with a real estate agent, and the share of first-time buyers ticked up to 35%. Source: Florida Realtors
Buying a Home Can Be Scary… Know the Facts [INFOGRAPHIC]
Some Highlights: 36% of Americans think they need a 20% down payment to buy a home. 44% of Millennials who purchased a home this year have put down less than 10%. 71.8% of loan applications were approved last month. The average credit score of approved loans was 731 in September. Source: Luxury Market News
Percentage of Homeownership by Decade and by State
There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership rate reached an all-time high of 69.4%, while the current rate is 62.9%. When comparing these two figures, there is some room for concern regarding the difference. However, today we want to shine some […]
HUD sets FHA requirements for condo financing
If a condo buyer wants FHA funding in a low-occupancy complex, the developer must show higher reserves, few dues in arrears and proof of its long-term stability. Source: Florida Realtors
What to Expect When Home Inspecting
So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. More often than not, your agent may have made your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price paid for the home, ask the sellers to […]
New home sales rose 3.1% in September
A tight inventory of new homes didn’t slow growth in Sept. as new home sales rose 3.1% thanks to recent hiring gains and still-low interest rates. Source: Florida Realtors
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