Buying Your Florida Home

Realtor news, new vs. used and everything you need to know when you are buying a new home!

Mortgage “Gift Fund” Etiquette

Etiquette experts agree that giving someone a gift of cash for a birthday, graduation, or wedding celebration is commonplace. But, did you know that it’s also common to receive a gift of cash for a down payment on a home? In fact, in 2017, the National Association of Realtors Profile of Homebuyers and Sellers estimates that 25% of first time homebuyers used gift funds for their down payments. Receiving cash for a birthday or graduation gift may only require a thank you note, but for a mortgage, there is a little more paperwork involved.
Who can give:
Anyone can give you […]

National Report Ranks Daytona Area #8 in Markets Poised for Growth

DAYTONA BEACH — For the sixth time in recent months, a national report has ranked the Volusia-Flagler area as one of the country’s top real estate markets to watch.

Read the full News Journal Article here.

Turn Your Dream of a Vacation Home Into a Reality

Ever been on a relaxing vacation watching a glorious sunset and wished you could own your own vacation home? If so, you are not alone. According to the National Association of Realtors Vacation and Investment Home Sales: A breakdown for 2017, thousands of buyers felt the same way and turned their dreams into a reality.
Financing a vacation home
There is a misconception that vacation home buyers pay in cash or have a large down payment. NAR cites that 72% of homebuyers purchasing a vacation property financed their purchase. Of those financing, the majority put down 30% or less as a […]

There is Hope After Bankruptcy or Foreclosure

Millions of Americans have been affected by a short sale, foreclosure or bankruptcy and may be afraid they will never be able to own a home again. Luckily, a derogatory credit item doesn’t mean an end to homeownership.

Check out the chart below to view waiting periods, by loan type, for homebuyers who have experienced foreclosure, short sale or bankruptcy, without extenuating circumstances.

*Foreclosure rates are cited from CoreLogic data highlighted in a January 2015 Forbes article.

The information voiced in this material is for general information and is not intended to provide specific advice or recommendations for any individual.

All loans subject […]

Is An Adjustable Rate Mortgage Right For You?

An adjustable rate mortgage (ARM) is a mortgage that offers an introductory fixed rate for a limited period of time, then adjusts annually to reflect market conditions. This introductory rate is typically lower than a 30-year fixed rate. This can make ARM’s attractive options for the right buyer.
We all like to save money, but how can you tell if an adjustable rate mortgage is right for you?
Here are a few questions to ask yourself:

1. How long do you plan on living in the home?
If your answer is for less than 10 years an ARM may be a good option […]

Common Mistakes That Can Compromise Your Mortgage Loan

After months of searching, you have finally found the right community, picked out the perfect lot, selected your dream floorplan and have even been pre-approved for a loan. Now, as you wait to close on your beautiful new home it may be tempting to shop for beautiful new things to furnish it. Be cautious when doing so because buying those beautiful new things may compromise your mortgage loan.
From the time you apply for a mortgage to the day you close, your financial management decisions can impact whether you are approved or denied. Sounds scary, but with some simple financial […]

Have Info, Will Buy: Millennials’ Influence on Homebuilding Industry

Over the last 100-plus years, each generation of U.S. home buyers has exhibited specific preferences and behaviors when buying and selling their homes. Millennials — generally thought of as folks who reached early adulthood in the early 2000s — are no different.

Like Baby Boomers and Generation X-ers before them, Millennials are shaped by the cultural, economic and political trends of their era. But, what are their tendencies when they enter the housing market?

We’ll give you a big hint: they’re not let’s-drive-around-and-see-what-we-see types. To them, serendipity happens only after extensive research.

Are these ironclad traits? Of course not; we’re all different […]

What Millennials Seek in a Home Buying Experience, Part II

In Part I of our series on what Millennials seek in a home-buying experience, we discussed some non-interpersonal aspects of how this generation tends to pursue their daily lives and business.

If you need a reminder, Millennials are the youngest major generation in the U.S. They achieved early adulthood in the 2000s, and generally are in their 20s and 30s as we speak.

They’re also the largest sector of U.S., home buyers — 34 percent, according to a recent National Association of Realtors survey — so it’s wise for Millennial home buyers and homebuilding and real-estate pros to understand each other.

In […]

What Millennials Seek in a Home Buying Experience, Part I

Are you a prospective Millennial home buyer or know someone who is? In the U.S., Millennials are today’s youngest signature generation. Their spending power, cultural influence and priorities are impacting how many industries conduct business nowadays, and the home-building industry is no different.

Millennials, by definition, are those who began their early adult years in the 2000s. Think those with birthdays in the 1980s and the 1990s. Per a recent National Association of Realtors report, millennials now are the biggest home-buying group — a whopping 34 percent.

Let’s examine what we know about how Millennials approach buying a home. We at […]

Should I Buy a Home in a Gated Community?

Good question! Gated communities offer more controlled access, privacy and security than a non-gated community. But there are some potential pitfalls. If you’re unsure where to build your new custom Florida home, it’s time to do some homework.

We’ll help you sort through whether you should buy a home in a gated community.
Start with the good stuff.
There are reasons home buyers pay additional fees and annual assessments to live in a gated community. Prestige — let’s not be shy about saying so — is one of them. Certain addresses are where some folks want to live, which is A-okay.

One example […]