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The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]

A few Highlights: Interest rates are projected to increase steadily heading into 2020. The greater your interest rate, the more money you can be paying for your home and the higher your own monthly payment will be. Rates are still low right now – do not wait until they hit 5% to start searching for your dream home! You...

Should I Refinance My Home?

With the recent lower rates of interest, many homeowners are wondering should they should refinance. To decide if refinancing is the best option for your family, start by thinking about these questions: Why do you want to refinance? There are many reasons to refinance, but here are three of the most common ones: Lower your interest rate and...

What a Difference a Year Makes for Sellers

Over the last few years, many sellers have been hesitant to put their houses on the market because they terrifying not being able to find another home to buy. We’ve reported on inventory shortages in the past, plus it’s been a constant concern just for potential buyers throughout recent years. New research shows the inventory concern can be starting to decrease among...

The Surprising Profile of the Real Estate Investor

More than 10% of all residential homes are purchased by investors, and that number continues to rise. Who are these investors? Many have got speculated that the large institutional conglomerates such as Blackstone, American Homes four Rent, and Colony Starwood rule investor purchases. However , a special survey on investor home buying by CoreLogic , Don’t Call it a...

Measuring Square Footage

Square footage is commonly used to determine if a home will fit a potential buyer's needs.   The price per square foot may be used to compare the costs of different homes as well as, determine the value of a property. The challenge is what is the source of the particular square footage measurement and how has been it done. Region records use square footage to find out assessed...

Home Price Appreciation Forecast

Questions continue to come up about where home prices may head throughout the rest of this year, and also where they may be going over the few years beyond. We have gathered current data from the industry’s most reliable sources to help answer these questions: The Home Price Expectation Survey   – A study of over 100 market experts, real estate experts, and...

Will be your First Home Now Within Your Understand? [INFOGRAPHIC]

Some Highlights: According to the US Census Bureau, “millennials” are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Customers & Sellers , the median age of all first-time home buyers can be 32. More and more “old millennials” (25-36) are realizing that homeownership is within their...

5 Powerful Reasons to Own Instead of Lease

Owning a home provides great financial benefits. In a recent research paper, Homeownership as well as the American Dream , Laurie H. Goodman and Christopher Mayer from the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing plus nonhousing wealth in a variety of ways, with taxes advantages, greater financial...

four Tips to Sell Your Home Faster

Since June of a year ago, we have seen an increase in the inventory of homes for sale month per month. Each spring and summer, the inventory increases because people want to market their home. For those with children, they may want to be in their new home for that beginning of the school year. If you are one of those retailers, you may find these 4 tips helpful in getting...

Now’s the Time to Move-Up and Upgrade Your present Home!

Homes priced at the top 25% of the price range for any particular area of the country are considered “premium homes. ” In today’s real estate market, there are deals to be had at the higher end! This is great news for homeowners attempting to upgrade from their current house. Much of the particular demand for housing over the past couple of years has come from...

Can be Mortgage Debt out of Control?

The housing turmoil of the last decade was partly caused by unhealthy levels of mortgage financial debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative equity circumstance (where their mortgage was greater than the value of their home). As a result, they walked...

Top 5 Reasons You Should NOT FSBO

Rising home prices in conjunction with a lack of inventory in today’s market may cause some homeowners to consider trying to sell their home on their own (known in the industry as a Fsbo ). However , a FSBO might not be a good idea for the vast majority of sellers.   The top 5 reasons are given below:   1 ) Online Strategy for Prospective Purchasers...

Millennials Are Increasing the Demand for Condominiums

When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium! According to CoreLogic, “ Last year about 43% of all condo home-purchase mortgage applications were...

Know What to Expect at Your Home Inspection

So you made an  offer and it was accepted. Now, your next task is to possess the home inspected prior to closing. Realtors oftentimes make your offer dependant on a clean home inspection.   This backup allows you to renegotiate the price you paid for the home, ask the sellers to hide repairs, or in some cases, to walk away. Your agent can advise you in the best course of action once...

five Reasons to Sell Your House This Summer

Here are 5 compelling reasons listing your home for sale this summer makes sense.   1 . Demand Is Strong   The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, prepared, and able to purchase… and are on the market right now! More...

Before You Look for Your Dream Home: Know What You need vs . What You Need!

On this day and age of being able to shop for anything at all anywhere, it is really important to know what you’re looking for when you start your home search.   If you’ve been thinking about buying a home of your own for quite a while now, you’ve probably come up with a list of things that you’d LOVE to have within your new home. Many new homebuyers imagine about the amenities...

Why Is So Much Paperwork Required to Get a Mortgage?

When buying a home today, why is there so much paperwork mandated by the lenders for a mortgage loan application? It seems like they need to know everything about you. Furthermore, it requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten...

What You Need to Know About Private Mortgage Insurance (PMI)

Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI). What is PMI? Freddie Mac defines PMI as: “An insurance policy that...

Having a Professional on Your Side Makes All the Difference!

In today’s fast-paced world where answers are a Google search away, there are some who may wonder what the benefits of hiring a real estate professional to help them in their home search are. The truth is, the addition of more information causes more confusion. Shows like Property Brothers, Fixer Upper, and dozens more on HGTV have given many a false sense of what it’s like to buy and...

Young First-Time Buyers Are Saving for Their Dream Homes

Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their favorite home features. According to a survey from Open Listings, 70% of single renters are more...

Stop Wondering What Your Budget Is & Get Pre-Approved!

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Even if you are not in an incredibly...

Holiday Travels, go to holidays without worrying about your property with us

Holiday Travel Advice from Orlando Property Manager

Oliver Overton-Morgan with Morgan Property Solutions is a property manager with over 14 years experience. Here are his tips for your home when traveling over the holidays. The last thing you want if you’re traveling is to worry about someone burglarizing your home. Use this checklist to add some peace of mind while you’re out of town. Ask a trusted friend or neighbor to pick up mail, newspaper and...

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