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…

1704 Views, 0 Comments

Housing Market Projections as We Near 2022Even though we a few months of 2021 remaining, real estate experts have already begun shifting their focus on 2022 and beyond. While there are many factors that influence the real estate market as a whole, there are several that have the greatest impact on the consumer and will affect buyers and sellers in the year to come. Let’s take a look at these factors and where they are projected to go in 2022. 

Interest Rates

Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers looking for homes for sale in Haines City. Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates present buyers with an incredible opportunity. And while…

1662 Views, 0 Comments

3 Annual Maintenance Appointments You Need for Your House

3 Annual Maintenance Appointments You Need for Your HouseOwning a home comes with many responsibilities and one of the most important is keeping up with annual home maintenance appointments. While there are many aspects of your home that should be maintained regularly, there are some that should be at the top of the list every year. Let's take a look at some of the most important appointments you need for your home, and why they should be handled by professionals.

Air Conditioning/HVAC

Besides the normal filter replacement that you should be maintaining every six months or so, it’s important to have a licensed HVAC technician inspect your home’s air conditioning system before the start of the A/C season. While their inspection and service won't…

1567 Views, 0 Comments

What Is the Average Time to Sell a HouseAs the housing market ebbs and flows, so does the average time to sell a house. In this current market, houses are selling significantly faster than in years past. The average time it takes to sell a home is also impacted by the area and local market. An average time to sell a house by zip code can vary depending on what city and even state you are looking at. When you are looking for homes for sale in Davenport, FL, it helps to understand how long it takes to sell a house and what the entire process entails.

Average Days on the Market by Zip Code

On average, homes across the US spend an average of 25 days on the market before they go under contract, which is five days shorter than the previous few years. There are also seasonal trends to take into…

3025 Views, 0 Comments

Going into 2022, we’d all love to see the world calm down from some of the bigger challenges of 2020 and 2021. However, spending more time at home in these past two years has definitely impacted homebuyer tastes, to the point that demand has shifted pretty substantially. Finding a great real estate agent and buying a house in 2022 will require prospective buyers to think through which of the current and emerging home trends matter most to them.

 

HomeLight gleaned insights from real estate agents in all major U.S. markets and they see these features being paramount in the coming year for the housing market. Keep them in mind as you make your decisions.

 

People Want Space in Their Homes Now 

The first inklings of this trend were when people…

1465 Views, 0 Comments

7 Things to Do Before Putting Your Home on the Market When you’ve decided to sell your home, it can be overwhelming thinking about all the things that need to be done. It’s true that the way your home presents can be important, but there’s more to think about than just the appearance. Before placing a home for sale in Davenport, FL, you need to be sure you have the right team in place and the home ready for viewings. Below is a checklist you can use while you prepare to sell your home.

1. Understand Your Home’s Value

Have you ever wondered "what's my home worth?" The best way to determine the value of your home is to do research on the local housing market. Search for comparable homes in your neighborhood to determine recent sale prices. Pay close attention to the price per square foot in addition to…

1384 Views, 0 Comments

September’s median home price was recorded at $318,000, down a slight drop from the record high of $320,000 set in August 2021

 

 

September 2021 Recap

State of the Market

  • Orlando’s median home price dropped by $2,000 from last month. September’s median home price was recorded at $318,000, down a slight drop from the record high of $320,000 set in August 2021. The median home price has steadily been increasing over the last 11 months when it was recorded at $269,950 in October 2020.
  • Overall sales in September dropped by 5.25%, with a total of 3,879 sales.
  • Homes spent an average of 27 days on the market in September, an 8% increase from August.
  • Inventory edged upward for the fifth straight month, rising by…

124143 Views, 0 Comments

Is It a Good Time to Buy a House Right NowIf you’ve ever heard someone say, “with the way the housing market is right now,” you might wonder what exactly they mean. With the economic upheaval brought about by COVID-19 and regulation changes in the Federal Reserve, it’s left many noticing that prices are high and houses are going quickly. But what does that mean for a potential buyer today? There are reasons it’s more difficult to buy today, but also reasons this is a good time to start looking at homes for sale in Groveland, FL.

Downsides of Buying a Home Today

If you’ve heard people advise against buying a home right now, they may have a good reason. There are a number of factors that make it more difficult.

Tight Credit

Due to the instability in employment right now, banks are being…

1153 Views, 0 Comments

How Property Taxes Play a Role in Your Mortgage PaymentOne of the often overlooked aspects of homeownership is the paying of property taxes for the properties that you own. Of course any time you say the word taxes, your brain can jump down a rabbit hole of confusing laws, rules, and jargon that instantly leave you confused and frustrated. 

What Is Property Tax?

Property tax is paid by an individual or entity on an owned property. Property taxes are a type of “ad-valorem” tax, which means they’re based on the assessed value of real property and some tangible personal property, such as boats or cars. In the U.S., these taxes are generally levied by state and local municipalities and used to fund school districts, community amenities and other local expenses and projects. Property taxes can vary widely…

2037 Views, 0 Comments

Top 6 Tips for Staging Your Groveland, FL Home for SaleOne of the most important steps in getting your home ready for the market is staging. Staging of a home can make or break the buyer appeal and can be the difference between a quick sale and your home staying on the market for much longer than it should. Let's take a look at some ways you can begin staging your home and ensure you are maximizing the time and effort spent.

Get rid of clutter

While this should go without saying, eliminating clutter in your home should be the first step to staging and showing a home. Removing as many unnecessary items as possible will help the home not only show better in person, but photograph better as well. If you are living in the home while showing it, buyers will understand that you need certain things on a daily…

1254 Views, 0 Comments