Buying Your Florida Home

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

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 […]

Four Good Reasons to Build a Custom Home

Which is Right For You? Spec Home or Custom Build?

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When you’re in the market for a new home, you usually have three choices: a resale, a “spec” home (we’ll explain) and a custom home built just for you and your household.

Hmmm. Which would you prefer? A resale means you’re buying a home someone else is selling, usually not a new home. A spec home, also known as an inventory home or showcase home, is a new home built to sell. It’s usually a builder’s popular floor plan and what you see is what you get, especially if the […]

Your Financial Roadmap to a New Home

So, it’s time to buy a home. Many of you likely are ready to do so for very different reasons. For one, you might be starting a family and need more space. Two, you might be only months from retirement and long have been ogling a move to the beach. Three, you might want to live closer to aging family members. Four, you might be facing a big career transfer.

Or, maybe it’s simply time to become a homeowner. You’re done with renting. Weary of stuffing a landlord’s wallet each month rather than building equity in your own place (What’s […]

What Working Women Want in a New Home

No matter the industry, job or career path, women who command board rooms, teams, divisions and departments usually know what they want and need when it’s time to buy a new home. For dual-career couples, the new-home search can be tricky unless both partners’ job requirements are compatible. Convenience, commutes and access to work sites all are critical factors. So how do women balance their work needs when choosing a new home? Read on.
They need a home office
Or a studio, drafting table or writing room. Regardless of the types of jobs or careers, working women are as big a […]

Single Parent? Live Alone? You Can Own a Home

For many of us, home-buying may seem the primary domain of families and couples. Another fact many of us may take for granted is that there’s likely more than one income for those two household categories.

But as society has evolved over the past seven decades, so have trends in household composition, which — not surprisingly — can affect home buying. Here’s a look at how households have evolved in the United States during that time period, and how folks in any household category can making home buying a reality.
Statistics tell a story
The 2016 Current Population Survey Annual Social and Economic […]

Spec Home or Custom Build? You Decide

Which is Right For You? Spec Home or Custom Build?

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If you plan to move to Florida from another state, or simply from one part of Florida to another, finding your new home can be a time-consuming exercise. Few of us make that decision quickly or lightly, so deciding whether to buy an existing new home — a “spec home” — or have one built to your specifications, is something worth pondering. But what if you don’t want to, or can’t take that kind of time? We’re here to help you decide whether a spec home or a custom […]

Worried About Mortgage Approval? Some Good News

Ready to buy a new Florida home, but fear you might not withstand a mortgage lender’s scrutiny? You might surprised. Regardless of economic climates, mortgage prospects exist for home buyers of all economic stripes. That’s because in everyday life, lenders exhibit more elasticity with financial home-buying requirements than you might think. The key? Don’t take hearsay about current mortgage trends for granted, whether it originates from office gossip, media, social media or our friend Google. Here are a few real-world tips for sizing up your mortgage potential.
First, You Need a Decent Credit Score
Must it be perfect? No. Few of […]

Before You Buy a Home: Five Financial Tips

Not many of us have the financial reserves to pay cash for a new home. Most of us must finance that purchase. If that’s your situation, we at ICI Homes offer some handy tips before you apply for a mortgage. If you’re not sure your financial health can withstand a lender’s examination, read on. Our five tips will help you whip your finances into shape before you buy a home.
Get Your Credit Reports
Your credit rating is the baseline that lending institutions will use to determine your mortgage eligibility. They’ll examine more factors than only your credit rating, but it […]

Ten Real Estate Terms You Should Know

Like many major life experiences, home-buying can be an intimidating process if you’ve never done it before. Or, if you have, and the process didn’t go well. If you’re not familiar with industry jargon, hearing real-estate terms can be akin to learning a foreign language, especially if those terms aren’t defined clearly or simply. Read on for a handy dissection of the most important real-estate nomenclature.
Listings
A listing is the public advertisement that a home is for sale. The most visible aspect is the physical For Sale sign in a yard. In today’s digital world, real-estate companies round up all […]

Jargon 101 For New Home Buyers

Understanding real-estate terms and acronyms can feel like cracking a secret code. If you’re a newbie home buyer, you may think you need a financial dictionary in order to wade through the mortgage-application process. While we at ICI Homes hope you’ll buy your first home from us, we want you to understand what it takes to make it yours. Here’s our Jargon 101 Guide to some of the most important terminology for first-time home buyers.
Two Types of Mortgages
Once you’ve chosen your dream home, you’ll need to decide between a Fixed Rate Mortgage (FRM) or an Adjustable Rate Mortgage (ARM). […]