Many sellers in today’s market favor buyers who are willing to guarantee their full offer price—even if the property appraises for less. For the buyer, that could require a financial leap of faith that the home is a solid investment. It also means they may need to come up with additional cash at closing to cover the gap.
We all dream about having our own home and not be compelled to
live in a rental. However if you’re just like most of today’s renters, you
most likely feel trapped in an apartment or condo that just doesn’t feel
comfortable and like your home. How could you feel at home in a place
where you’re not allowed to hang a painting on the wall ? Don’t you
feel stuck in a rut with literally no chance of getting out ? Well, you
shouldn’t. Believe it or not, there are ways to move out of a rental and
into your own home.
5 Questions to answer before purchasing your first home. Deciding whether to jump into the housing market or rent instead is rarely an easy decision – especially if you’re a first-time homebuyer. But in today’s whirlwind market, you may find it particularly challenging to pinpoint the best time to start exploring homeownership.
No one likes to think about disasters. Severe weather, fire, theft—or even a seemingly small issue like a broken pipe—can wreak havoc on your home and result in thousands of dollars in damages. Fortunately, a good homeowners insurance policy can offer you peace of mind that you and your family will be financially protected if disaster strikes. Make sure you are covered enough.
How does a lower mortgage rate save you money? According to Trading Economics, the average new mortgage size in the United States is currently around $410,000.2 Let’s compare a 5.0% versus a 6.0% fixed-interest rate on that amount over a 30-year term.
Hungry homebuyers will want to know the ins and outs of your home before buying it. As a seller you should be looking for these things before you even put your home on the market. “Industry experts argue that when it comes to home inspections, many owners go through a minimum amount of 33 physicalContinue reading “10 Important Things Everyone Must Know to Pass a Home Inspection- Todd Mowry Your Local Orlando Area Realtor”
10 tips to make your moving to a new home go as smooth as possible
The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.1 But while some had hoped 2022 would bringContinue reading “HIGHER RATES & SHORT SUPPLY: THE STATE OF REAL ESTATE IN 2022 – Todd Mowry Your Local Orlando Area Realtor”
I love how pet friendly our area is and others have taken notice…. The street.com a personal finance investing and retirement site ranks Orlando as the 3rd ranked dog friendliest major city in the U.S. What they did was compare the 100 most populated cities across 3 key dimensions: 1. Pet budget: Which includes costsContinue reading “Orlando Florida One of America’s Most Dog Friendly Cities by Todd Mowry Your Local Orlando Area Realtor”
Many people are wondering if prices will come down. There’s lots of evidence to show that prices will slow down and level off for a bit but not a lot of evidence so far…at least here in Central Florida… that prices are going to have a significant drop off anytime soon.