Real Estate News in the Central Florida Area and Around the Country.
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Gallup polls continue to report real estate as the preferred investment choice for Americans, topping stocks and besting gold for another year in a row. Surprised that real estate beats out gold with American investors? Read on to discover four reasons why real estate investing is the safest choice.
With many advisors predicting the end of the bull market, investors with all of their eggs in the stock market basket could be headed towards losing the gains they’ve experienced over the last eight years or so. Real estate, however, is much less of a gamble and far more accessible for potential investors.
Unlike the stock market, which is unpredictable at best, real estate investors can make market predictions based on hard data to…
Two things can happen when you start house hunting: either you close on a property or find the perfect lot to build your dream house from scratch.
If you take the second route, be prepared for a relatively lengthy process.
According to a 2018 Survey of Construction by the Census Bureau, the average completion time for a single-family home is a little over six months. But this can reach 8 months or more depending on how custom it is and who is making the building decisions.
If you can’t find a home for sale in Winter Haven FL that you like, and choose to build your dream home from scratch, here are some things that you will have to deal with throughout the whole process.
Factors that will affect how long a new home takes to build
ORLANDO MEDIAN PRICE AND INVENTORY RISE AS SALES SLIP IN JUNE
Orlando’s housing market enjoyed year-over-year increases in both median price and inventory in June, while sales took a bit of a slide during the peak of our traditional homebuying season.
“We are expecting June’s 2% decline in sales to reverse itself in the coming months as families seek to close on their new homes before the start of the school year,” says Orlando Regional REALTOR® Association President Jeffrey M. Fagan, Watson Realty Corp. “In addition, we anticipate an eagerness to take advantage of favorable conditions such as falling mortgage rates and small-but-steady increases in the inventory of homes available for purchase in the Orlando area.”
June Housing Market…
9 Steps to Buying a House
For most people, buying a house takes years of planning and preparation. The whole process can be overwhelming, especially for first-time homebuyers. Step-by-step, we’ll guide you through the important decisions that go into homeownership. When it’s over, you could have the keys to your dream house and the biggest investment you make in your lifetime.
1. Check your financial and credit history
Your financial history and credit score affect your overall loan options, and a higher credit score will usually get you a lower interest rate. To avoid any surprises down the road, know what your credit score is before you start the mortgage preapproval process. Most mortgage lenders like to see credit scores in the mid 700s…
Rising home prices coupled with a lack of inventory in today’s market may cause some homeowners to consider selling their home on their own (known in the industry as a For Sale By Owner). However, a FSBOmight not be a good idea for the vast majority of sellers.
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The top 5 reasons are listed below:
1. Online Strategy for Prospective Purchasers
Recent studies have shown that 95% of buyers search online for a home. In comparison, only 13% use print newspaper ads. Most real estate agents have an Internet strategy to promote the sale of your home. Do you?
2. Results Come from the Internet
Where did buyers find the home they actually purchased?
- 50% on the Internet
- 28% from a Real
Your home purchase is a big deal, but your down payment shouldn’t be. If you haven’t saved a significant down payment for a home, but you’re otherwise qualified to receive financing, we have you covered. Waterstone Mortgage offers a variety of no- and low-down-payment mortgage programs to help you achieve your goal of homeownership.
No Down Payment
USDA/Rural Housing Loans
- FICO as low as 600
- Home must be located in designated area
- FICO as low as 600
- No mortgage insurance requirements
- Available for active-duty military, veterans, reservists and members of the National Guard, and some surviving spouses of veterans
Wealth Building Loan
- FICO as low as 680
- Financing through adjustable rate mortgage
In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.
Homes for Sale in Davenport Florida
If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d LOVE to have in your new home. Many new homebuyers fantasize about the amenities that they see on television or Pinterest, and start looking at the countless homes listed for sale through rose-colored glasses.
Do you really need that farmhouse sink in the kitchen to be happy with your home choice? Would a two-car garage be a convenience or a necessity? Could the “man cave” of your dreams be a future renovation project instead…