The real estate market is ever changing. Home prices go up and down, listing time frames vary by season, mortgage rates fluctuate, and buyer/seller preferences shift as well. It is important to understand current market conditions before buying or selling a home. Here are 5 Florida real estate market trends that might help in your buying and selling efforts. Going, Going, Gone! It’s a seller’s market right now, which means there’s high demand and low supply. When there are more buyers than there are listings, things get pretty competitive. The lack of inventory has left a void - and that’s ...
5 Florida Real Estate Market Trends
July 10, 2018
Things to Remove From Your Home Before Selling
July 6, 2018
As you prepare to sell your home, you may want to consider removing some items completely before allowing showings? Valuables & Antiques As your home is being shown to prospective buyers, it's unlikely that someone will keep a close eye on them every moment they are in your home. Open houses often attract multiple buyers at a given time. Your agent won't be able to tend to them all simultaneously. Furthermore, buyers may schedule private viewings with their own agents. It's best to remove highly valuable items from your home that can be easily damaged or stolen. This includes antiques, jewelry ...
How to Make Your Offer Stand Out
June 27, 2018
In a competitive market, buyers are constantly looking for ways to differentiate themselves. As sellers review multiple offers and must decide which one they like best, will your offer get lost in the mix? Here's how to make your offer stand out from the rest. Write a Personal Letter The process of reviewing offers is often a bit impersonal. After all, sellers are not normally present at showings and therefore have not met any of the buyers. Instead, they review letters and numbers in the offer. What are the prices, deposits, closing dates, etc. They rarely have any personal information to ...
Why Florida is a Great Place to Retire
June 14, 2018
What is it about Florida? Why do so many people retire here instead of choosing a different location? There are plenty of other places that offer year-round warm weather – what makes Florida so popular? It has to be more than just the climate, right? But what exactly is ‘it’? If you’ve been wondering why this destination is a favorite, let us give you a rundown of why Florida is a great place to retire. And yes… It Starts with the Weather There’s no denying the appeal of warm weather year-round – especially to retirees. Gone are worries about shoveling ...
5 Ways to Get an Offer Accepted | Florida Home Buying Tips
June 7, 2018
The real estate market is a competitive one right now due to lack of inventory. As you compete for new listings that enter the market, it can be frustrating to constantly lose out to other buyers. So, what can you do to make your offer more appealing and to get your offer accepted? As part of our Florida home buying tips, here are a few ways to get an offer accepted. Ask for the Seller’s Preferences It’s helpful to know what a seller wants in a sale, and to accommodate them whenever possible. For instance, what is their preferred closing ...
Should You Buy Owner's Title Insurance for Florida Homes?
May 31, 2018
Owner's title insurance is offered to all home buyers. It is an optional coverage with a one-time premium, usually paid at closing. If you are wondering whether you should buy title insurance for Florida homes, this information may help you decide. What Is Owner's Title Insurance Owner's title insurance protects you against any title issues (others claiming ownership or rights to a property) that may arise during your ownership period. This is different from lender's title insurance, which is normally mandatory if you are using a mortgage to purchase a home. Lender's title insurance protects the lender's interest in the property ...
4 Things Not Covered by Home Inspections in Florida
May 24, 2018
Home inspections are an important part of the Florida home buying process. Most buyers assume that it will unveil every possible issue with a house, but unfortunately, there are limitations to what inspectors can see and evaluate. By understanding these limitations, buyers can proceed with a better understanding of what to expect as home buyers. Here are 5 things not covered by home inspections. Electrical Wiring in Walls Inspectors will evaluate circuit breaker panels, outlets, switches, and other electrical components that are accessible. However, they can't possibly see or know the condition of wiring within the walls. Sometimes there are ...
The Difference Between Interest Rate and APR
May 22, 2018
Interest rate and APR are two terms that often get lumped together. In some instances, they are in fact the same thing, but when it comes to mortgages, they mean two different things. This certainly does make it more confusing, doesn't it? Understanding the difference between the two can help home buyers compare different mortgage loan programs. What Is Interest Rate? Interest rate has a clear-cut definition and is exactly what most people assume. It is the percentage charged annually against the balance of a mortgage. It is charged in monthly increments, so the percentage is divided by 12 months. When requesting quotes ...
Why Interest Rates Are So Important to Florida Home Buyers and Sellers
May 16, 2018
It almost goes without saying that interest rates are important to home buyers. Home sellers don't often think about rates, but they should. With rates currently on the rise, we thought it would be important to discuss why interest rates are so important to Florida home buyers and sellers. Rising Interest Rates and Buying Power Buyers qualify for mortgages based on their income and debts. Total debts must be below a certain percentage of total income. When interest rates rise, the same priced home becomes more expensive to purchase. Thus, the price range that buyers can afford changes too. As we detailed ...
Why the Florida Real Estate Market is Unique
April 30, 2018
It’s the Sunshine State, after all…the land of snowbirds, vacationers, retirees, Spring Break, and year-round golfers. People come to Florida in search of warm weather, sunny skies, and the myriad types of housing options. Pair the wide age demographic with a temperate climate in an ever-popular destination and you can see why the Florida real estate market is unique. Popularity Due to its appeal as a vacation destination, Florida benefits from this niche space in the real estate market. Not only is there a high demand for primary residences but also a separate subgroup of buyers looking for vacation and ...