How To Save On A Mortgage Payment Whether Buying Or Selling

In Trulia’s recent report, Rent vs. Buy: Roommate Edition, they examined the impact that renting with a roommate has in determining whether it is more expensive to rent or buy. The study explains:

“Since we started keeping track in 2012, it’s been a better deal to buy than rent in America’s largest housing markets – and for much of that time it hasn’t been close.”

It then goes on to ask the question:

“But does the equation change for renters who share their rent with a roommate?”

The report reveals:

“While the standard rent vs. buy analysis reveals buying is cheaper than renting in all of the nation’s 100 largest metros, this doesn’t hold true for those choosing between renting with a roommate and buying a starter home.”

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No… You Do Not Need 20% Down To Buy NOW!

The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that non-homeowners cite the main reason for not currently owning a home, as not being able to afford one.

Homes for Sale in Davenport FL

This brings us to two major misconceptions that we want to address today.

1. Down Payment

NAR’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 39% of non-homeowners say they believe they need more than 20% for a down payment on a home purchase. In actuality, there are many…

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You Don’t Want To Hear This From Your Listing Agent

You’ve decided to sell your house in Davenport FL. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to:

• Set the market value on possibly the largest asset your family owns (your home)
• Set the time schedule for the successful liquidation of that asset
• Set the fee for the services required to liquidate that asset

An agent must be concerned first and foremost with you and your family to garner that degree of trust. Make sure this is the case.

Be careful if the agent you are interviewing begins the interview by:

• Bragging about their success
• Bragging about their company’s success

An agent’s success and the success of their company can be important…

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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 Home Buyers

Are the schools good? Is quality healthcare easily…

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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 be a convenience or a necessity? Could the ‘man cave’ of your dreams…

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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 for 7% of buyers.

…

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Homeownership Is A Precondition Of The American Dream

Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations–including millennials–agree homeownership is very important to achieving the American Dream.”

Homes for Sale in Davenport FL

Americans ranked “owning a home I love” higher than any other options (including “starting a family” and “finding a fulfilling career”) as an important part of the American Dream.

Despite some claims that homeownership’s importance to the American Dream is in decline, the report found that the dream of homeownership remains strong.

Of Americans who said they think achieving the American Dream is important, 70%…

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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 owners in Washington and Utah have experienced…

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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

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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 months. The Mortgage Bankers Association, Fannie…

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