Real Estate News in the Central Florida Area and Around the Country.

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Why have interest rates jumped to a 7-year high?

Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors.

Homes for Sale in Davenport FL

Sam Khater, Freddie Mac’s Chief Economist, had this to say:

“Healthy consumer spending and higher commodity prices spooked bond markets and led to higher mortgage rates over the past week.

Not only are buyers facing higher borrowing costs, gas prices are currently at four-year highs just as we enter the important peak home sales season.”

But what do gas prices have to do with interest rates?

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The huge risk home buyers take when they waive inspections

When you're trying to make your offer as attractive as possible, skipping the inspection may seem like a good idea. Here's why it's not.

Homes for Sale in Clermont FL

If you’re buying a home in a competitive market and your offers keep getting beat out, you may be tempted to resort to desperate measures. In addition to offering more than the asking price or a quick closing, some buyers agree to waive inspections.

This is never a good idea. The home may look OK to the naked eye, but it’s what’s beyond the surface, or items that you can’t identify as problematic, that cause the biggest issues.

For example, the typical buyer won’t be able to spot asbestos, nor will they see…

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How to get a mortgage

You may be just a loan away from your dream home. You just need to learn how to get a mortgage first.

There’s a little more to getting a mortgage than waltzing into your favorite bank and asking for one. After all, your financial life will be much of what helps lenders decide to offer you a loan, not your personality. And unless you have enough cash to buy a whole house, you’re going to need a home loan. Knowing how to get a mortgage long before you attempt to will help your odds of success.

Homes for Sale in Davenport FL

What Is a Mortgage?

A mortgage is a loan from a bank or mortgage lender to help finance the purchase of a home without paying the entire value of the property up front. Given the high costs of…

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A home on the housing marking in summer 2018
By Patrick Dunn  - Zillow

The sun is high and hot—and so is the competition for buying a home.

Thinking about buying a home this summer? The sunniest time of year is great for exploring new neighborhoods and visualizing future patio parties during viewings. But before you start any serious shopping, it’s important to understand what the housing market is like for buyers right now, and what you can do to end up with the best home—and the best price—for you.

Homes for Sale in Clermont FL

The housing market should be just as strong this summer as it’s been all spring. Existing home sales and list prices have risen this year, and starter home inventory has plummeted by 14 percent. But there are perks to house hunting right now, too. Here…

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Should You Buy or Rent a House?

Your decision to buy or rent a home should be based on your financial well-being, not the housing market.

The scenario: Your landlord keeps hiking up your rent, and you’re tired of reworking your budget to accommodate the other areas of your life—or worse, searching for a new rental. You want to invest in a house, but you’re not sure if now is the right time, so you start asking yourself the question: Should I buy a house?

Homes for Sale in Davenport FL

Deciding if you should rent or buy can be determined in part by your commitment to an area—you could have legitimate concerns about job relocation or you may wonder if the space you can afford now will be flexible enough that you won’t grow out of it just…

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Is it better to get a brand new house?

home builder building a new construction home

If you're debating between buying a previously owned home or new construction, it helps to know the benefits of buying a newly built house.

Not sure what type of home is right for you? Here are some key benefits to buying a brand new home.

If you’re shopping for a home, choosing between new construction and pre-owned homes can be an overwhelming decision. For many prospective buyers, new construction is an opportunity to see their dream home come to life while possibly saving money on the costs involved with buying an existing home.

Homes for Sale in Davenport, FL

Existing or older homes have the advantage of architectural charm and sizable lots, and are generally located in more established…

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What to double-check in a home inspection

An inspection is standard operating procedure when it comes to buying and selling a home. And while a home inspector’s final report provides valuable information, does it give you an accurate picture of a home’s well-being? Maybe. But there are some potential gaps in a typical home inspection, and some of them could prove costly if existing issues are overlooked.

Homes for Sale in Davenport FL

Whether you’re buying or selling, double-checking for potential problems known to slip through the cracks in a typical home inspection could save you money in closing. Read on to find out how to get the additional information for special inspections that you’ll need to help spot issues before you close…

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How to price your home to get the highest offer

man and woman learning how much their home is worth

Not sure how much your home is worth? Use these techniques to get top-dollar offers.

Are you wondering how to price your home before it goes on the market? While improving the appearance of your home — sprucing up the lawn, decluttering your home, or updating lighting fixtures — is an important factor to consider in attracting higher offers, there are pricing strategies that don’t involve any physical labor.

How much is your Davenport fl home worth?

How to Price Your Home to Attract the Highest Offers

  • Price your home competitively.

    Setting the right price for your home is the single most important decision you will make when  deciding to sell. Go too high,…

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