Here's What You Need to Know About Buying a Foreclosure Roughly 11 percent of homes sold fall into the foreclosure category and account for a substantial part of the real estate market. While buying a foreclosure home isn't for everyone, there are many instances where a foreclosure can offer a lot of potential benefits to the buyer. There are pros and cons to foreclosures but don't let the hype scare you away from what could be a great opportunity.

What Exactly Is A Foreclosure?

Put simply, a foreclosure is a property that has been put on auction by a bank because the owner has fallen behind or stopped making mortgage payments altogether. The bank repossesses the property and attempts to sell it to recoup the money lost from the lack of payments. When the bank auction occurs, potential buyers bid until…

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The Best Way to Find New Home Listings The process of buying a new home can be a challenging one. When looking at new homes for sale in Kissimmee FL it can be difficult to decide where to begin and what to do to get the process started. Finding a source you can trust, that has access to the most up to date and relevant information, takes much of the confusion and stress out of the equation.
 
Knowing what to look for in an information source can be half the battle when it comes to finding the help you need.

Local Knowledge

New construction is popping up all over Florida and sometimes builders don't use the MLS or don't use it "correctly."  You're best option here is to talk to local experts on real estate.  For example, our Clermont Real Estate agents at Florida Realty Marketplace not only…

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How You Can Calculate Property Tax When Buying A HomeOne of the most confusing aspects of purchasing one of the many New Homes For Sale In Winter Garden FL is calculating the property taxes associated with the home. Property taxes can make or break a home purchase and should be considered like any other aspect of a particular house. While it is always recommended to consult a certified tax professional, there are some things you should know going into the process that can help you along the way.

Some Florida Tax Considerations

Florida's .98% average property tax rate comes in slightly lower than the national average of 1.08% meaning that many areas in the state are favorable for homeowners. Florida also has some laws in place to limit the impact of rising property tax rates. Save Our Homes for example…

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What You To Need Know About Buying An Older Home In Florida It’s important to keep in mind that not all of the homes for sale in Clermont, FL are brand new. There are numerous opportunities to buy an older home and make it the home of your dreams. Older resale homes can offer a substantial upside in both value and availability, but there are some things to keep an eye out for and keep in mind when looking to buy rather than rent an older home.

Condition Of The Roof

One of the most prevalent issues with older homes is the condition of the roof. Different roof materials have different life cycles, but weather conditions and maintenance play a large role in getting the most out of your home's roof.

Look for missing or cracked shingles, obvious patch jobs (an area of noticeably newer or different colored…

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Orlando Area Homes Sales Jump 25% in October, Leading Into Strong Holiday Season For Sellers

October 2020 Recap

The Orlando area avoided the typical fall slowdown and, instead, showed significant increases in homes sales and home prices in October, according to a new report from the Orlando Regional REALTOR® Association. Monthly housing report data reveals that the number of homes sold in October 2020 spiked 25% over October 2019, and the median price increased 11.6% during that same time frame.

"We're seeing strong home sales making up for steep declines earlier this year. REALTORS® are not seeing the usual slowdown as we head into the holiday season," said ORRA President Reese Stewart, RE/MAX Properties SW. "This…

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The Best Things To Do in Davenport Florida Moving to a new town comes with its challenges, especially if you are completely new to the area. For those moving to or looking for things to do in Davenport, Florida, the entertainment and relaxation options can be overwhelming, as the town offers quite a bit to choose from. If you’re thinking about moving to Davenport, here are some of the nearby perks of joining this wonderful community.

Eat and Drink

Sh-booms Ice Cream & Sweets - This cozy, friendly spot offers world class ice cream perfect for the sweet tooth in your family. Known for making their own candy, Sh-booms is a Davenport staple and a favorite dessert stop for residents.

True Blue Winery - The family owned winery has been serving award winning wine to the Davenport community for more…

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What Are The Costs Associated With Selling a Home in FloridaIf you’re like many other homeowners, you are thinking about taking advantage of this seller’s real estate market. If you’ve been paying attention to homes for sale in Kissimmee you will have seen the increase in value over the last year that has helped sellers realize now is the time to list their home for sale and cash in on their equity.

While you will likely see great returns from selling your home, there are some costs associated with the sale that you should be prepared for.

Commission

Using a real estate agent has proven to be the most profitable and successful way to list and sell your home. Real estate commissions can vary from agent to agent and brokerage to brokerage, but somewhere between 5-6% is common. These fees can cover a myriad of…

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