Compare Listings

Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories

Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories

The National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure. Homes priced between $100-250K showed a 20.7% increase year-over-year. This is an impressive increase, showing that November was an excellent month for home sales in this price range. But […]

Inadequate Inventory Driving Prices Up

Inadequate Inventory Driving Prices Up

The latest Existing Home Sales Report from the National Association of Realtors (NAR) revealed a direct correlation between a lack of inventory and rising prices. We are all familiar with the concept of supply and demand. As the demand for an item increases the supply of that same item goes down, driving prices up. Year-over-year […]

Facts or Myths

“It’s impossible to get low down payment loans.” – FACT! FHA down payments are 3.5% and VA is 0%. In some areas, there may be some 0% down payment USDA loans available. FNMA and Freddie Mac have 3% down payment programs. “It takes perfect credit to get a loan.” – FACT! There is a relationship […]

Start 2017 Off Right… List Your House for Sale

Start 2017 Off Right… List Your House for Sale

As we are about to bring in the New Year, families across the country will be deciding if this is the year that they will sell their current house and move into their dream home. Many will decide that it is smarter to wait until the spring “buyer’s market” to list their house. In the […]

"This is going to be the year"

Every year, it seems like the same things are on the list but this could be the year you really do invest in a rental home. Rents are climbing, values are solid and mortgage rates are still low for non-owner occupied properties. A $150,000 home with 20% down payments can easily have a $300 to […]

Top 5 Reasons You Should Not For Sale By Owner

Top 5 Reasons You Should Not For Sale By Owner

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are […]

Existing Home Sales Surge Through The Holidays [INFOGRAPHIC]

Existing Home Sales Surge Through The Holidays [INFOGRAPHIC]

Some Highlights: November’s Existing Home Sales report revealed that sales are now at an annual pace of 5.61 million which is “now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).” Total housing inventory (or the inventory of homes for sale) fell 8.0% from last month and […]

The Fed Raised Rates: What Does that Mean for Housing?

The Fed Raised Rates: What Does that Mean for Housing?

You may have heard that the Federal Reserve raised rates last week… But what does that mean if you are looking to buy a home in the near future? Many in the housing industry have predicted that the Federal Open Market Committee (FOMC), the policy-making arm of the Federal Reserve, would vote to raise the […]

Student Loans = Higher Credit Scores

Student Loans = Higher Credit Scores

According to a recent analysis by CoreLogic, Millennial renters (aged 20-34) who have student loan debt also have higher credit scores than those who do not have student loans. This may come as a surprise, as there is so much talk about student loans burdening Millennials and holding them back from many milestones that previous […]

Whether You Rent or Buy: Either Way You’re Paying a Mortgage

Whether You Rent or Buy: Either Way You’re Paying a Mortgage

There are essentially two different ways to pay for a mortgage… you either pay your own or someone else’s. As an Orlando property manager, we find that many people cannot qualify or even want to purchase a home for a variety of reasons, and that’s OK. However, the benefits of home-ownership to those who can […]

2 Tips to Ensure You Get the Most Money When Selling Your House

2 Tips to Ensure You Get the Most Money When Selling Your House

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive. However, let’s look at this […]

What a Difference 50 years Makes!

In 1966, a gallon of gas was $0.32 and today, it is $2.49. A dozen eggs were $0.60 but they’ve only doubled to $1.33. A gallon of milk was $0.99 and today, it costs $3.98. You could send a letter for five cents and now, it costs forty-seven cents. The average cost of a new […]

The #1 Reason to Sell Now… Not Next Spring

The #1 Reason to Sell Now… Not Next Spring

The price of any item (including residential real estate) is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an […]

Can 0.5% Really Equal 5%?

Since the election, rates have started going up and it will have a direct effect on the cost of housing. There is a rule of thumb that a ½% change in interest is approximately equal to 5% change in price. As the interest rates go up it will cost you more to live in the […]

Americans Are Moving [INFOGRAPHIC]

Americans Are Moving [INFOGRAPHIC]

Oliver Overton-Morgan (with Morgan Property Solutions an Orlando property management company), found where Americans are moving to and from. It’s interesting to see what are the most and least popular places. Highlights: For the 4th year in a row, the Northeast America saw a concentration of High Outbound activity. Oregon held on to the top […]

Will Increasing Mortgage Rates Impact Home Prices?

Will Increasing Mortgage Rates Impact Home Prices?

There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home. If mortgage interest rates increase, fewer people will be able […]

Selling in the Winter Attracts Serious Buyers

Selling in the Winter Attracts Serious Buyers

A recent study of more than 7 million home sales over the past four years revealed that the season in which a home is listed may be able to shed some light on the likelihood that the home will sell for more than asking price, as well as how quickly the sale will close. It’s […]

4 Reasons to Buy Your Dream Home This Winter

4 Reasons to Buy Your Dream Home This Winter

As the temperature in many areas of the country starts to cool down, you might think that the housing market will do the same. This couldn’t be further from the truth! Here are 4 reasons you should consider buying your dream home this winter instead of waiting for spring! 1. Prices Will Continue to Rise […]

It Isn't Final Until It's Funded

Mortgage approval isn’t final until the loan is actually funded at closing.  Many things can change prior to the loan being closed that can affect a pre-approval such as changes in the borrowers’ financial situation or possibly, factors beyond their control like interest rate changes. Good advice to buyers is to do nothing that can […]

Gift or Inheritance – Does It Matter?

A person called into a radio talk program with a situation that was troubling based on the potential tax liability that may have been avoided. The caller’s elderly father had deeded his home to his daughter a few years earlier, because in his mind, his daughter was going to get the home eventually and this […]

It's the Principal of the Thing

Most people think they’ll have a house payment and a car payment for the rest of their lives, but it doesn’t have to be that way with a plan and a little discipline. If you make additional principal contributions to a fixed rate mortgage this can shorten the term and save tens of thousands in […]