Buy or Build a House Here’s How to DecideWhen you are looking for a house, you might find yourself frustrated with the lack of available homes on the market in your area. The real estate market is hot right now, and homes are selling in record time. The highly competitive market is causing house prices to increase as well. Many homes are even selling for above asking price, which can make potential buyers wonder whether it is cheaper to buy land and build a house instead. If you are in the market for vacation homes in Davenport, Florida, then you might also be wondering if building a house is cheaper than buying. There is a lot that goes into buying a home and also building one from scratch. Here’s what you need to know about buying vs. building a house.

Decision Factors for Buying vs.…

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How Long Does an Appraisal TakeAn important part of buying a new home is the real estate appraisal. While the seller may set a listing price to their choosing, a home appraisal provides the potential buyer with an unbiased estimate of how much the home and property are actually worth. The fair market value of a home must be included for buyers using a mortgage loan, and the real estate appraisal must be conducted by a licensed appraiser. If you are searching for new homes for sale in Orlando, Fl, then you want to take into account the real estate appraisal to learn the fair market value of the home you are interested in buying.

What Goes into a Home Appraisal?

The home buying process is not complete without a home appraisal. With a hot housing market and homes selling in less…

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Best New Construction Homes Near Me Under $200K in 2021Finding an affordable home near you can seem daunting in today’s competitive housing market. When you are a home buyer on a budget, you have to consider all your options so that you get the best bang for your buck. If you are looking for your next home in Davenport, Fl, then consider new construction homes under $200K. Browse new homes in Davenport, FL, that fit your price range to find the best new construction home for you and your family.

Tips to Finding a New Home in Davenport, Fl Under $200K

When you are looking for new homes in Davenport, Fl, you want an experienced team helping you find the best options for you. Florida Realty Marketplace has over 14 years of experience in the real estate industry with local knowledge of Davenport, Fl, and…

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What Does Off-Market Mean in Real Estate ListingIf you find yourself searching online for the perfect house, then you might be wondering, “what is an off-market listing?” There are many search engines out there that can show you homes listed on the market, but did you know that there are also homes that don’t show up on those lists? These homes are known as off-market in real estate terms. When browsing for new construction in Davenport, Fl, it helps to get an idea of off-market property options available in the area as well. A real estate agent can help you navigate both on-market and off-market listings because of their greater access to what is going on in the local market. Whether you are buying or selling off-market, you want to find a real estate team you can trust to help you through the…

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October’s median home price was $325,000. This is an increase after a slight drop in September to $318,000.

 

 

October 2021 Recap

State of the Market

  • October’s median home price was recorded at $325,000, increasing once again after a slight drop in September to $318,000. Orlando saw a 10-month steady increase in the median home price prior to September when the record high hit $320,000 in July (maintained in August).
  • Overall sales in October dropped by 0.77%, with a total of 3,760 sales.
  • Homes spent an average of 27 days on the market in October, the same amount as September 2021.
  • Inventory dropped for the first time in six months, decreasing by 7.12% from September to October, for a total of 3,406 homes…

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15 Common Things That Fail a Home InspectionA home inspection is a key part of buying or selling a home. Buyers rely on a home inspection to ensure they are purchasing a home that is structurally sound with safe plumbing, electric, and more. A seller relies on a home inspection to assuage the prospective buyer’s concerns by providing prospective buyers with a better understanding of the home’s physical condition. As you browse Champions Gate homes for sale, it is important to take into consideration that some homes may require repairs or replacements after a home inspection. Here’s what you need to know about home inspection fails and the most common home inspection issues.

What Do Home Inspectors Look For?

A home inspection should be completed by a licensed home inspector who visits the home…

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What Does Contingent Mean in Real EstateWhen you’re searching online for homes for sale in Davenport, Fl, you will see many different terms specific to the real estate industry. While most people are familiar with a “home for sale” status, real estate terminology like “pending” and “contingent” can be confusing to first-time home buyers. It helps to get a better understanding of home buying terms so that you know how to best move forward when you find a home you want to buy in Davenport, Fl. Continue reading to learn more about what a contingency status on a home means and common contingencies sellers and buyers encounter on the housing market.

What Does Contingent Mean?

A common question when searching homes for sale in Davenport, Fl, is “what does contingent mean on a house?” Contingent…

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Best Home Office Renovations for Your New HomeThe Covid pandemic had drastic repercussions in the housing market and one of the biggest changes was the sudden value on work from home space or home offices. With shutdowns forcing people to adapt their home space to a business office in just a few hours, new homes or homes for sale in Clermont FL with dedicated offices became premium commodities. For those thinking about renovating their current home to have a dedicated home office, let's look at some things to consider and renovations that are worth your while. 

Think More About Color

This is your work space and you should be inspired by what's around you to do your best work and be the best you that you can be. But with virtual meetings and conference calls becoming a regular occurrence for…

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Everything You Need to Know About EscrowYou'll probably hear the word "escrow" many times during your home for sale in Winter Haven FL buying transaction. The term can be confusing because it is used to describe different events that take place before and after the real estate settlement. Let's take a look at how real estate escrow works during the entire process of buying your home, from offer to close.

What Is Escrow For Real Estate?

An escrow is “a deposit of funds, a deed or other instrument by one party for the delivery to another party upon completion of a specific condition or event.” It is an independent neutral account by which the interests of all parties to the transaction are protected. When opening an escrow, the buyer and seller of a piece of property establish terms and…

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What To Know About Home WarrantiesWhen purchasing a resale home, many buyers consider the option of a home warranty to go along with their new property. While there are benefits and drawbacks to a home warranty, it is important to understand the product (the home warranty itself) to ensure you make an informed decision that is best for you and your family. Let's take a deeper look into the home warranty and what it can mean for you.

What Is A Home Warranty And What Does It Cover/Not Cover

A home warranty is not the same thing as homeowners insurance, which covers major perils such as fires, hail, property crimes, and certain types of water damage that could affect the entire structure and/or the homeowner’s personal possessions. A home warranty is a contract between a homeowner and…

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