Posts with tag 'buying a home'
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14
Buying a Home with a Real Estate Wish List
The real estate "wish list" is something familiar to every real estate buyer and their realtor. Often, it holds within it a dream of homeownership, a vision of a lifestyle, and promise of happiness. In short, the "wish list" is both rational and emotional. The National Association of Realtor's did a survey that showed that most home buyers let go of something on their wish list, only a third kept everything on the list in their purchase. So, how to navigate the home buyers wish list in reality?
A good way to start is get the pre-approval for your mortgage so you know what kind of home is in your price range. Then, it's time to filter you search. Do you need the property to have a pool or could you do without this feature and still enjoy using the outdoor space in the house? Are granite countertops absolutely necessary to be happy with the property? Will proximity to the beach be a make or break or a negotiable? It is important to give thoughts to the parameters of your visio...
12
How to Buy Successfully in a 2017 Seller’s Market with Low Inventory
The internet news have been in a frenzy over the challenges home buyers will face in the real estate market this year with record low housing inventory. According to the National Association of Realtors, the number of "for sale" listings fell to the lowest point in December 2016 since 1999. While an average balanced market has 6 months of inventory, sales at this fast pace could be gone in about 3 months. For the first time home buyers including millennials, the news is even worse with entry-level homes becoming more and scarce on the market. The first time home buyer currently makes up less than a third of the market, when historically they have been at 40%.
This poses a problem for the home buyer who is facing tough competition in a hot market, and certain conditions will make a difference. The most favored buyers act fast and pose smaller risk to the seller. The buyers who are pre-approved for a mortgage, have more cash for a down payment, and no contingencies are at an a...
3
Want a Pet? Buy a Home
The shelters are filling up with people that have to give up their pets. Why? Because many landlords do not allow pets.
In the Orlando area, less than 4% of properties said they allowed their tenants to have dogs and cats, according to a recent survey by the national online rental-listing company Abodo.com.
Apartments are the main culprits (with large apartment communities in Orlando). Miami had a 22% pet acceptance and Tampa had a 19% acceptance.
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