5 Secret Sources of Down Payment Money

5 Secret Sources of Down Payment Money

The down payment: It’s the biggest test of our ability to save money that most of us will ever face, and one that stands between us and our ability to become a homeowner.

Homes for Sale in Davenport FL

It can be tricky to stockpile enough money for a down payment, but it’s also an opportunity. The more money you put down, the more choice you’ll have about how much house you can afford and what you want the monthly payment to be. Plus, building up a cash cushion will definitely give you peace of mind once you’re in your new home.

Here’s How to Boost Your Down Payment Savings

1. Go local.

Gone are the times when nationwide programs allowed for the zero-down loan, the federal…

3335 Views, 0 Comments

Does Owning a Home Affect Financial Stability?

Does Owning a Home Affect Financial Stability?

The Consumer Financial Protection Bureau (CFPB) released its report on the financial well-being in America, showing most Americans are generally satisfied with their household situation.

Homes for Sale in Davenport FL

According to the report, average adults who answered to be “very satisfied” in the place they live have a higher level of financial stability (10 points by the metrics of the data, at 60,) than those that report being “less than very satisfied,” which stood at 50 points.

The report, notes, however, that this could be a chicken or an egg situation, “It is possible that being satisfied with one’s residence influences financial well-being, but it is also possible that individuals with…

3383 Views, 0 Comments

The Truth Behind Housing Data

The truth behind housing data

National home sales are falling, and according to Zillow Chief Economist Svenja Gudell, the housing industry needs to stop sugarcoating the truth behind the data: the U.S. is severely under producing housing.

Homes for Sale in Davenport FL

According to Gudell’s reaction to August new home sales, which fell 560,000 (SAAR), down 3.4 percent from July and 1.2 percent from 2016, housing inventory is stuck at roughly mid-1990s levels despite the fact that the country has grown by more than 60 million people since that decade.

Though buying conditions are great in theory, considering jobs and incomes are increasing, and interest rates are keeping financing costs low, Gudell said a lack of homes available to buy at a…

3238 Views, 0 Comments

How to check out your next neighborhood before buying a home

How to check out your next neighborhood before buying a home

The neighborhood matters

When you ask a real estate agent the three most important things about any home, she's likely to reply, "Location, location, location." But that's only because "Neighborhood, neighborhood, neighborhood," doesn't sound as catchy.

Before you buy a new home, you should carefully check out the neighborhood to which you plan to move. County records, Facebook, Google, Google Earth and other online resources can all be friends that help you avoid a big mistake.

Homes for Sale in Davenport FL

Questions to ask

A candidate home's plot and view make up a big part of the appeal of its location. But its neighborhood can be at least as important.

Wisdom For…

5368 Views, 0 Comments

Looking For Your Dream Home? Know What You Want Vs. What You Need

Looking for your dream home? know what you want vs. what you need

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.  This is especially true if you're looking for Homes for Sale in Davenport FL.

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…

3333 Views, 0 Comments

Happily Ever Homeowner

Happily Ever Homeowner

Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.

Whether they are looking for Homes for Sale in Davenport FL  or Clermont Homes For Sale, many couples are deciding to use what would otherwise be their wedding fund as a down payment on their first home, as unmarried couples made up 8% of all first-time buyers last year. If you’re single, don’t fret; you can still buy your dream home! Single women made up 17% of first-time buyers in 2016, while single men accounted…

3103 Views, 0 Comments

Homeowners: Do You Know Your Home’s Value?

Homeowners: Do You Know Your Home’s Value?

The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,

“National Home Prices Now 50% Above March 2011 Bottom”

The real estate market has come a long way since 2011, which is great news for homeowners in Davenport FL!

Nearly 79% of homeowners with a mortgage in the US now have significant equity in their homes (defined as over 20%), according to the latest Equity Report. The challenge is that not every homeowner knows how much their home’s value has appreciated.

Homeowners in Denver, CO lead the way with 8.7% appreciation over the last year, while…

3572 Views, 0 Comments

How Supply And Demand Impacts Real Estate Home Values

How Supply And Demand Impacts Real Estate Home Values

Some Highlights:

• The concept of supply & demand is a simple one. The best time to sell a home in Davenport FL, is when the supply of that item is low & the demand for that item is high!
• Anything under a 6-month supply is a seller’s market!
• Nationally, there has not been a 6-months inventory supply since August 2012!
• Inventory levels differ depending on the area of the country and price range, so be sure to consult your local real estate professional for your exact market conditions.

Do you own a home in Davenport FL and want to find out the Current Market Value of your Home?

Click Here to Request a FREE No Obligation, Market Valuation for your Home

3443 Views, 0 Comments

4 Reasons To Buy A Home This Fall!

4 Reasons To Buy A Home This Fall!

Here are four great reasons to consider buying a home in Davenport FL today, instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have hovered around 4%. Most experts predict that rates will rise over the next 12…

3368 Views, 0 Comments

FSBO Sellers: Is it Worth it?

FSBO Sellers: Is it Worth it?

To determine if for sell by owner listings provide more benefits in Davenport FL, Trulia’s Housing Data Analysts reported where these listings are the most common and how they differ from agent-listed properties in price and DOM.

Nationally the data reveals that FSBOs are listed about 2 percent more than a similar home listed by an agent, and according to Trulia, FSBOs sometimes sit on the market longer than agent listed homes.

Overall, only 6.2 percent of all listings were for sale by owner, and the report noted that Tulsa, Oklahoma had the highest percentage of FSBO listing across the nation at 12.7 percent.

The largest positive difference in listing price for a FSBO is in Pittsburg, Pennsylvania, where a…

3846 Views, 0 Comments