NOW AVAILABLE! Model Homes in Solterra!
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Found 7
blog entries tagged as Buy a Home.
How To Buy A House with No Money Down
Posted by Florida Realty Marketplace on
Low Down Payment Home Loans For First-Time And Repeat Buyers
The biggest barrier to homeownership today is the mortgage down payment. But it doesn't have to be.
According to the National Association of Realtors, 87% of first-time buyers think they need 10% or more down to buy any of the homes for sale in Davenport, FL.
That’s simply false.
In fact, the average down payment for first time buyers today is just 6%. And, a number of programs require no down payment at all.
If you’re “stuck” trying to raise enough down payment money, you must read this entire article.
What Is A Down Payment?
A down payment is a portion of the purchase price that a buyer pays from his or her own funds. A 10% down home purchase is structured as follows.
- …
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The Incredible Shrinking Yard!
Posted by Florida Realty Marketplace on
The size of new homes has been growing for decades now, but it’s coming at the expense of yard space
America’s homes are getting bigger, but more space comes at a price: the backyard.
New single family homes are using land relative to home size at near-record levels, even after considering the number of stories homes have.
It’s a trend that has been taking shape for much of the past three decades as lot sizes continue to shrink and home square footage continues to grow. Homes built since 2015 occupy 25% of the land on which they sit, while homes built in 1975 occupy just 13.9%.
Many people like the idea of living in a single-family home and having a yard to call your own along with some space between…
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Is it safe to waive real estate contingencies when you buy a house?
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When you buy a house, it's a jungle out there
Contingencies are magical little contract clauses that can prevent you from losing your shirt when you buy a house. And yet – as home prices have increased and inventory has shrunk – the need for contingencies is increasingly open to question.
Homes for Sale in Davenport FL
After all, if you see a nice house at a good price, won’t it attract multiple offers in today’s hot markets? Doesn’t it make sense to dump your contingencies to out-gun other bidders?
To answer this question we first need to take a basic look at the real estate contracting process.
Offer, acceptance and counter-offer
Picture a property listed for $400,000. A couple comes along and says, "We'll pay you $400,000 for your…
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Want to start a business? Buy a home
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Getting started
If you want to start a business, it helps if you own your home. That's because business financing is often hard to come by, requires a lot of hoop-jumping, and can be very expensive. Financing a business with home equity can be easier and much less costly.
Homes for Sale in Davenport FL
What the research found
New data show that more people use home equity as a source of startup capital than you’d think. One option is a home equity loan (HELOAN), which (usually) has a fixed rate, loan amount and repayment schedule. It's also called a "second mortgage."
How to get a mortgage approval when your business doesn't look good on paper
Another option is a home equity line of credit (HELOC). It has a variable rate that you can…
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58% Of Homeowners See A Drop In Home Values Coming
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According to the recently released Modern Home buyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years.
(Homes For Sale in Davenport FL)
After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very little in common with what happened last decade.
The two major causes of the housing crash were:
- A vast oversupply of housing inventory caused by home builders building at a pace that far exceeded historical norms.
- Lending standards that were so relaxed that unqualified buyers could easily obtain financing thus enabling them to purchase a home.
Today,…
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Why Right Now Is A Good Time For Millennials To Buy A Home
Posted by Florida Realty Marketplace on
Many young people are beginning to enter the next stages of their lives, and those stages can include more permanent jobs, children, marriage, and even home ownership. While many millennials are hesitant to consider buying or building a home, now may be the best time to break into the housing market. Click here to find a home in Davenport FL.
Here are just a few reasons that now is the best opportunity for millennials to shop in high-value areas, such as real estate in San Diego, CA, for example. No time is too early when it comes to establishing a future for yourself, and the future has never looked brighter for young people to begin buying homes.
- The price of rentals is rising…and rising! It’s becoming harder and harder for people to afford…
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