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 ...
4 Things Not Covered by Home Inspections in Florida
May 24, 2018
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 ...
Keep Your Smart Home Safe from Hackers
April 22, 2018
Homes are getting smarter as tech gadgets get more affordable. Many of the latest gadgets help improve home safety, but it can expose homeowners to a different type of danger,.. hackers. It’s important to know how you can keep your smart home safe from hackers. Protect Your Network Since most in-home tech gadgets use. Wi-fi to connect, it’s critical that you secure your network. There are two specific things that you should do here. First, add a password to your Wi-fi settings. This prevents anyone from simply connecting to it without knowing your password. Secondly, don’t broadcast your ...
Purchasing Investment Properties in Florida
April 19, 2018
Florida is a popular investment market given the seasonal temperatures and year-round attraction to vacationers. If you enjoy visiting Florida often or merely wish to take advantage of the market, then you may be looking to purchase a home in the area. Here is some helpful information on purchasing investment properties in Florida. Demand for Single Family Rentals Single family rentals are extremely popular in Florida. Renters range from families to school/sports organizations or groups of adults. Many go there to enjoy the warm weather, visit the many theme parks, or attend events such as golf tournaments, conventions, trade shows ...
Florida Spring Home Care Tasks
April 14, 2018
While the seasonal transition in Florida may be different from other parts of the country, there are still some specific projects that should be part of your spring home care routine. A warm weather climate presents its own set of maintenance needs. Having a seasonal checklist is a great way to keep on top of those demands. Think of these Florida spring home care tasks as a preventative guide to an energy-efficient, safe, and service-free summer season. Give me some air! Now is a great time to think about your air conditioning and HVAC system. Let’s start with air filters ...
5 Things That Scare Away Home Buyers in Florida
April 3, 2018
Buyers make quick judgements when it comes to your home. Sometimes a seemingly minor thing can be a major red flag for buyers. It's important to address things that scare away home buyers before you start showing your home for sale. Plumbing Leaks Plumbing leaks are a concern for most home buyers because it involves a major system. It can be something as minor as a small drip under the bathroom sink. Buyers imagine that if you haven't addressed that leak, you probably haven't taken care of any others. Furthermore, they imagine worse problems in the overall plumbing of the ...
Factors that Affect Home Prices in Florida
March 22, 2018
Most homeowners take pride in their home and are emotionally invested in it. Whether it be the amount of money and energy spent in its repair or the many memories that a home holds, it's extremely difficult for any homeowner to remain objective when it comes to pricing. This is why it's important to work with a local real estate agent who understands the market. Agents will review many different aspects of a home and the market to determine pricing. Here are a few factors that affect home prices in Florida. Home Style & Size Naturally, the features of a ...
Researching a Florida Home Using Public Records
March 15, 2018
The modern home buyer values information. Luckily, with the advancement of technology, researching a Florida home using public records is easier than ever. Here are a few online resources that you can turn to for your research efforts. County Records When researching a Florida home using public records, start with the Registry of Deeds. Paperwork related to all real estate is recorded in the county Registry of Deeds. Many counties scan their records and provide an online searching mechanism. First, determine which county a property is located in. Then, search for that county's registry of deeds website online. Next, find the link on the ...