Central Florida Real Estate News - May 2019

Real Estate Market Update

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The Best Week of the Year to Put Your House on the Market Is...

The best week of the year to put your house on the market is...

For the past few years, home sellers have been in the driver's seat. With hordes of buyers fighting over a very limited supply of properties, many homes sold in days—and landed their sellers a windfall. But lately, sellers have been getting nostalgic for the good ol' days as the market has slowed down, with residences taking longer to sell and some even having their price cut.

Find Out What Your Home's Current Value is Now

So sellers angling to unload their abodes fast—and for a boatload of cash—might pin their hopes on the first week of April. The week of March 31 to April 6 was deemed the best time…

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A Gamble or Profit Opportunity? Factors to Consider in a Fixer-Upper

A gamble or profit opportunity? factors to consider in a fixer-upper

Photo Courtesy of Pixabay

There’s no getting around the fact that investing in a fixer-upper home is a gamble. They come with built-in problems that you, as a homeowner, have to correct. Sometimes, one problem just leads to another problem, then another. Even if you have a “project” home carefully inspected, you may still experience deep-seated issues that seem to come out of nowhere, leaving you in possession of what’s commonly called a money pit. On the other hand, you could reap tremendous financial benefits if you succeed in transforming a fixer-upper into an appealing property in a good location. You may even put yourself in a situation so profitable that it will transform…

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Things You Need To Know About Real Estate Law

Things you need to know about real estate law

Sooner or later, most of us will find ourselves in the middle of a real estate transaction. We could be buying, selling, or inheriting real property. Or, we could be involved in a real estate dispute involving easement, for instance. Whether you’re a property owner, investor, developer, or a tenant, you will need a basic understanding of real estate law when dealing with issues related to real property.

Here are some of the things you need to know about real estate law.

Real estate law

Real estate law is usually defined as a branch of civil law that governs who may possess, use, and enjoy land and all its permanent man-made attachments.

In the United States, real estate law requirements vary…

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Moving on a Budget: How to Decorate Your New Place When You're a Couple

Moving on a budget: how to decorate your new place when you're a couple

Photo via Pixabay

Moving in with a loved one is often a big step in a relationship, and it can be a stressful time even if you’re excited about the process. Figuring out how to merge your belongings with ease and how to agree on ways to decorate your place are just two aspects of the move; you’ll also need to work out a budget and stick to it. Fortunately, there are several ways you can make your new place a home without spending a ton of money. Think about the layout of the house and how you can use natural light to your advantage, measure before the move so you’ll know which pieces of furniture will fit best, and decide on paint colors that will boost a room’s appeal.

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5 Questions You Must Ask A Real Estate Attorney

5 Questions You Must Ask A Real Estate Attorney

For an ordinary citizen, the practice of law, by nature, is a rather complex one. To navigate the ins and outs and the twists and turns of the legal world, we will always need a skilled and experienced attorney to guide us.

Nowhere is this truer than in the world of real estate. It doesn’t matter if you’re buying a home for the first time or fighting off a foreclosure; real estate law covering various transactions can make your head spin, and only a lawyer well-versed in the wide variety of fields it encompasses can help you protect your interests.

Whether you’re a first-time homebuyer or a seasoned and serious investor, you can be sure that having a real estate attorney by your side can make…

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Plans underway for new high school in East Polk

Are you planning on Buying a Home in Davenport FL?  Here is some exciting news!

Polk County school board members got their first look at plans for a new high school in Davenport, which will be located on 60 acres next to the Davenport School of the Arts.

BARTOW — Polk County School Board members got their first look this week at plans for a new high school in Davenport, which will be located on 60 acres next to the Davenport School of the Arts and is scheduled to open in August 2021.

District Assistant Superintendent of Facilities and Operations Angela Usher said she and her team visited high schools in the state that meet the prototype of their needs, saying Weeki Wachee High School in Hernando County was closest to what they would like.…

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How Much Do You Really Need to Put Down on a Home?

How Much Do You Really Need to Put Down on a Home?

Buying a home is often one of the most expensive endeavors one will take throughout their life, so it’s not surprising that saving for a down payment remains a major hurdle for many Floridians on their path to homeownership. But although a 20 percent down payment is considered ideal, it’s not actually as common as you might think, nor is it a necessity to buying a home.

The majority (52 percent) of buyers put down less than 20 percent on their new home.

Typically, you have to put between 3 and 20 percent of your home’s sale price down in cash to qualify for a conventional loan (30-year fixed mortgage), but there are exceptions. If you meet eligibility guidelines, you might qualify for a home…

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How to Get A Mortgage

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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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 (which could protect you from costly repairs…

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