The 2016 Profile of Home Buyers and Sellers Florida Report from NAR finds that 50% of state shoppers contacted an agent first when it was time to buy; nationally, only 17% start with a Realtor, and many begin the search process online. Source: Florida Realtors
No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring!
Is spring closer than we think? Depending on which groundhog you listen to today, you may have less time than you think to get your home on the market before the busy spring season. Many sellers feel that the spring is the best time to place their homes on the market as buyer demand traditionally […]
4.19% average mortgage rate unchanged this week
A rate spike last week was short lived, though current rates are still higher than the average 3.65% for all of 2016. Source: Florida Realtors
Buyer Demand Is Outpacing the Supply of Homes for Sale
The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between Seller Traffic (supply) […]
Fla. MLS offers 'true lifestyle cost'
My Florida Regional MLS’s new property search website helps buyers visualize the true cost of ownership, by incorporating buyer financial info, historical utility costs, commute times, property taxes, insurance rates and mortgage payments. Source: Florida Realtors
Thinking of Making an Offer? 4 Tips for Success
So you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market that you want to make sure you make a good offer so that you can guarantee your dream of making this house yours comes true! Freddie Mac covered “4 Tips […]
Water bills set to go even higher
Mich. study: 11.9% of U.S. households can’t afford their water bill, but that could rise to 35.6% in five years – and many Fla. areas are considered “high risk.” Source: Florida Realtors
2 Myths That May Be Holding Back Buyers
Fannie Mae’s article, “What Consumers (Don’t) Know About Mortgage Qualification Criteria,” revealed that “only 5 to 16 percent of respondents know the correct ranges for key mortgage qualification criteria.” Myth #1: “I Need a 20% Down Payment” Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According […]
NAR: Pending home sales bounce back in Dec.
In spite of rising mortgage rates and higher home prices, NAR’s Pending Home Sales Index rose 1.6% last month – from 107.3 in Nov. to 109.0 in Dec. Source: Florida Realtors
What to Expect From Your Home Inspection
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 […]
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