Real Estate News

What Are Real Estate TaxesBetween property, real estate, sales, and capital gains taxes, you’re likely to run in to at least one of them if you’re in the market to buy or sell a home.

Property Taxes

People ask “What’s my home worth” when it’s tax time because property taxes are based on value. Fair market value is the key and the more the home is worth, the more property taxes you have to pay.  The median property tax in Florida is $1,773.00 per year for a home worth the median value of $182,400.00. That is slightly below the median tax in the United States but it’s not insignificant. It’s also something you can’t avoid by ignoring it.

The taxman shall be paid so make sure you take care of it. If you have a mortgage, it’s possible the lender is collecting taxes (and

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How Much Does It Cost to Build a House from ScratchYou’re ready to build your dream home from the ground up, but where do you start? For most buyers, it begins with a lender. If you’re not paying cash for the build, you need to know how this works.

Most of the lenders you find online, and some of them locally, won’t lend on new construction (if you're building from the ground up and not buying a "new home" in a subdivision). They want to loan money on a known, trusted entity, and building a house is fraught with unknowns.

Here’s everything you need to know about the costs associated with building a house from scratch.

Disclaimer:  This blog is about building a fully custom new construction home on the lot you own.  If you're buying a new home in Davenport, FL for example, you'll likely buy a home in a

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What Happens During Due DiligenceIf you’re in the process of buying a home, you may hear the term “due diligence period.” This is one of the most important parts of the home-buying process. It’s the time period where you can back out of the contract without losing your earnest money or incurring any other type of penalty.

While your Windermere, FL, real estate agent will be able to answer any of your questions about due diligence, it does help to have an idea of what this process is all about.

 

 

When Does Due Diligence Happen?

The due diligence period traditionally begins when all of the parties involved have signed the contract. This makes the contract binding and indicates that both the buyers and the sellers of homes for sale in Windermere, FL agree to its terms.

It is

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ORLANDO MEDIAN PRICE GAINS WHILE INVENTORY DROPS AND SALES HOLD STEADY

Orlando’s housing market in August saw both its largest increase (+9%) in year-over-year median price and its first inventory decline (-2%) in 2019. Sales were up a tiny fraction (+0.1) compared to August 2018.

“Orlando’s ongoing challenge with the lower-price range categories, which have solid demand and insufficient supply, is consequently pushing up home prices,” says Orlando Regional REALTOR® Association President Jeffrey M. Fagan, Watson Realty Corp. “In addition, while our local economic indicators — particularly very favorable interest rates — point toward a housing strong market, low supply that leaves first-time homebuyers with few options is restraining sales up the

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Should You Fix Your House Up or Sell Now?

With the fall season upon us, change is in the air. For many families, children are growing up and moving out of the house, maybe leaving for college or taking a jump into the working world. Parents are finding themselves as empty nesters for the first time. The question inevitably arises: is it finally time to downsize?

If you’re pondering that thought, you may also be wondering if you should fix-up your house before you sell it, or go straight to the market as-is, allowing a potential buyer to do the updates and remodeling. If you’re one of the many homeowners this camp, here are a few tips to help you decide which way to go.

1. Analyze Your Market

A real estate professional can help you to understand your market and the potential level of

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What Is an Open HouseOpen houses have long been a traditional part of selling a home. If you look at many of the homes for sale in Clermont, FL, you’ll likely see that a number of them have open houses scheduled.

These open houses are traditionally a time for interested buyers to drop in, visit with your real estate agent, and view the house. It was a way of getting a good number of potential buyers into the house without scheduling multiple private viewings.

But considering how many other parts of the home-selling process have changed thanks to new technology, you may wonder if an open house is necessary or if it has changed any over the last decade or so.

Benefits of an Open House

Open houses may not be as prevalent as they once were, but they are still happening.

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When Is the Appraisal Done When Buying a HomeFor sellers, they might find themselves asking, “What's my home worth?”. This can inform them of their listing price.

Buyers also want to know what a home is worth before buying it, which is why an appraisal is important.  Although it’s not theirs at the time of appraisal, if all goes well, it will be soon.

Here’s the rundown of the home buying process and what the appraisers do.

 

A Breakdown of the Homebuying Process

Deciding the right home for you is a big step, and it’s a complex project involving many tasks. Most buyers get connected to an agent to help them, and a majority of agent relationships begin through word-of-mouth referrals.

From there, the steps tend to follow this list:

1. Work with a Lender

Get connected to a lender and

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There are lots of ways to make a mistake in selling a home. It’s a complex project and not one to be done by just anyone.

Of all the homes for sale in Davenport, FL, it’s inevitable that some homeowners have tried to price their own home. Here are some of the biggest mistakes, so you can avoid them when it’s time to sell your home.

 

 

1. Not getting professional advice

There are lots of ways to sell a house, but working with an agent ensures the smoothest process. However, today, some sellers are choosing For Sale by Owner (FSBO) or working an online “iBuyers” because they think it’ll get them the best price.

FSBO is something a few folks believe they can do to save some money but they’re forced to answer questions that only professionals can

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Gorgeous Solterra Models are for Sale!


Find your dream vacation home at Solterra where you can spend all day at the attractions and then slip away to your quiet vacation home. 6 single family home designs offer up to 7 bedrooms, 5.5 bathrooms and 2 car garages with plenty of space for Owner’s storage.
 
Amenities include a resort-style pool with lazy river and water slide, poolside cabanas, onsite grille and bar at the clubhouse, fitness center, playground, open sports field, tennis courts, and walking trails.  

Two Models are For Sale!


Hideaway

$462,715
 
3,117 Sq. Ft.
6 Beds | 4.5 Baths
5561 Misty Oak Cricle, Davenport, FL 33837
Available: Closing
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