As competition grows for desirable homes in Florida, home buyers must take a different approach to how they interact with sellers and submit offers. Sellers are beginning to review more than what appears on paper. Here's a look at why seller impressions matter in Florida multiple offer scenarios. Differentiating Factors Sometimes one offer stands out from the rest and makes a seller's decision easy. However, that's not always the case. Many times, competing offers will be pretty close in price and other terms. What happens in this case? Sellers will start considering other factors. One possible factor is a buyer's ...
Why Seller Impressions Matter in Florida Multiple Offer Scenarios
September 10, 2018
4 Ways to Get Your Offer Accepted
September 5, 2018
In a competitive market, home buyers must be creative to effectively compete against other buyers. There are many different ways to get your offer accepted, such as adjusting the terms of your offer to directly appeal to sellers. Here are a few ideas. 1. Waive the Home Inspection Yes, it is possible to waive home inspections. This option, of course, should be used with caution. It's best for buyers with a trained eye for home repairs/issues and who are not adverse to some risk. Additionally, if a home is meticulously maintained and updated, it may be less risky. 2. Don't Ask ...
Tips on Selling a Home with Pets
August 21, 2018
There are many things to think about when selling a home. If you are a pet owner, don't forget about making special arrangements for your pets. Failing to do so can negatively impact your home sale. Here are a few tips on selling a home with pets. Organize Pet Areas Take a look at where you pet sleeps and plays,... and where you store pet supplies. Make sure all of these spaces are neat and organized. If you can "hide" some of these, that would be even better. The goal is to put less focus on your pets so that ...
Rising Prices of Florida New Construction Homes
August 16, 2018
Home prices are on the rise for many reasons. The economy is stronger. Housing inventory is low while demand remains high (especially with expected future interest rate hikes). These market conditions naturally lead to higher home prices all around, but new construction is subject to some additional pricing factors. Here are a few reasons behind the rising prices of Florida new construction homes. Limited Availability of Labor It's getting more and more difficult for home builders to find skilled labor for their construction projects. During the market downturn, many workers transitioned into other industries. They have not necessarily returned to construction now that the ...
Reasons Why a Florida Home Might Be Sold As-is
August 6, 2018
In your home search, you may come across listings described as "sold as-is." What does this mean? And why do sellers choose to go this route? Here's a quick look at the use of the term, reasons why a Florida home might be sold as-is, and what home buyers should know. What Does Sold As-Is Mean What does "sold as-is" truly mean? Essentially, it means that the seller will not make any repairs to the home before it is sold. Sellers are still required to disclose any known defects; as-is does not eliminate their disclosure obligation. However, buyers should perform their ...
Documents Required for Mortgage Applications
August 1, 2018
Mortgages are for significant amounts of money. It only makes sense that lenders will want to know everything about you and your finances to determine your risk level and qualification. To help you prepare for this process, below is a list of documents required for mortgage applications. Income Verification & History Lenders review your current and past income. This will give them a sense of how likely you are to continue making the same amount of money in the future. Typically, they will ask for 2 recent pay stubs and W-2 forms for the last 2 years. Tax Returns & Transcripts ...
4 Credit Mistakes to Avoid Before Buying a Home
July 31, 2018
Your credit score is one of the most important factors in obtaining a mortgage. If it's your first time buying, it can be easy to unknowingly make a mistake that puts a wrench in your home buying plans. Whether you are buying a home this year or simply plan to buy sometime in the future, here are 5 credit mistakes to avoid before buying a home. Missing Payments Your payment history weighs heavily on your credit score. Missing even one payment can drop your score. Missing multiple payments will lead to an even more noticeable drop. Think of it this ...
5 Florida Real Estate Market Trends
July 10, 2018
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 ...
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 ...