Uncategorized Why FSBOs Say They Regret Not Using a Real Estate Agent December 5, 2023 Home sellers reveal why they decided to bypass professional representation—and the mistakes they made without a trusted adviser. Homeowners who decline to use a real estate agent to sell their property are twice as likely to say they weren’t satisfied with the selling experience, according to a new survey from Clever Real Estate(link […]
Uncategorized Average 30-Year Mortgage Rate Falls to 7.44% Last week, it was 7.5%. It’s the third weekly drop in a row, good news for buyers facing persistently high prices and a near-historic low number of for-sale homes. LOS ANGELES (AP) – The average rate on the benchmark 30-year home loan fell for the third week in a row, welcome news for house hunters […]
Uncategorized Mortgage Buydowns: How Do They Work? Some homebuyers priced out of the market opt for a mortgage buydown, usually funded by sellers, in order to lower their monthly payments for the first few years. RICHMOND, Va. – Mortgage rates have risen since the Federal Reserve implemented a new monetary policy in 2022, almost hitting 8%. As of Nov. 2, the average […]
Uncategorized ‘Title Pirates’ Wreak Havoc on Closings Forged deeds, driver’s licenses, titles, etc., continue to grow as real estate-theft scams, in part because the tactic often works and, when it does, nets a criminal hundreds or thousands of dollars in fake real estate sales. They even have a name now: Title Pirates.  Fraudulent real estate sales are on the rise. The FBI’s […]
Uncategorized Mortgage Rates Keep Moving Higher: 7.63% this Week The march toward 8% mortgages continued this week, with the 30-year, fixed-rate mortgage averaging 7.63%, up from last week’s 7.57%. A year ago, it was 6.23%. LOS ANGELES (AP) – The cost of financing a home surged again this week with the average long-term U.S. mortgage rate at its highest level since December 2000. The […]
Uncategorized How Will FHA Calculate ADU Rent Income in a Loan? OCTOBER 17, 2023 To promote affordable housing, HUD says rental income from an accessory dwelling unit will be considered for FHA loans. It outlined the policy details yesterday. WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) will allow lenders to count income from small units of housing built inside, attached to, or […]
Uncategorized Pandemic Migration Creates Housing Crisis Buyers complain about too-few sellers selling – but some homeowners want to move and feel frustrated that an ultra-low mortgage rate has locked them in. BOSTON – One out of every 5 homeowners who moved within the last three years now regret their decision. Many Americans relocated either permanently or temporarily because of the COVID-19 […]
Uncategorized Buyers on $3K Budget Lost $71K in Purchasing Power August 2023 If a buyer on a $3K monthly budget can get a 7.4% mortgage, the range of homes they can afford is less expensive than the ones they looked at last year. SEATTLE – Historically high mortgage rates are cutting into buyers’ budgets: A buyer on a $3,000 monthly budget, for example, can afford […]
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Uncategorized The True Value of Homeownership Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides. Of course, there are financial reasons to buy a house, but it’s important to consider the […]
Uncategorized Navigating Florida Homeowner’s Insurance and Tackling Flood Risks and Roof Conditions In the exciting journey of buying a home in Florida, one element that requires careful thought is homeowner’s insurance. As your local realtor, I’m here to highlight two important considerations that specifically impact insurance rates in our state – flood risk and the condition of the roof. These factors, among others, can significantly…influence your overall […]
Uncategorized A Guide for First-Time Home Buyers Navigating the Current Real Estate Market Are you a first-time home buyer eager to enter the real estate market? You may have heard that the current market conditions pose some challenges, with slightly higher interest rates and limited inventory. However, fret not! With the guidance of a local expert agent like me, you can confidently […]
Uncategorized 🏡 Looking to make a smart real estate investment? Timing is key! 📈 Looking to make a smart real estate investment? Timing is key! As a local real estate agent with the top Century 21 in Florida, I want to share an important insight with you. While low interest rates may seem tempting, there’s more to consider when buying a home. It’s often better to buy when rates […]
Uncategorized Exploring Your Real Estate Options: Let’s Chat! Helping You Navigate Real Estate Options: Why Knowing Your Options Matters Buying or selling a property is a significant decision that can have long-lasting implications on your financial well-being and lifestyle. Whether you’re a homeowner looking to make a change or an aspiring real estate investor, knowing your options and understanding the future possibilities is […]
Uncategorized Selling with Solar – Selling Your Home with a Solar Lease or Loan Selling with Solar If you have solar panels on a house you’re selling, you might have questions: Is there anything I should know about selling with solar? How will the solar system affect the sale? Will the solar panels help sell the house, or will they make the house harder to sell? This article answers […]