According to research, rent prices are rising across the country as well as in Florida. This rise in rent is helping investors but also making renters reconsider the purchase of homes. As the cost of renting rises, the cost of ownership, with its tax benefits, becomes more attractive. In addition, the cold weather that has spread across the country has increased home searches, … Keep reading... about Cold weather increases interest in Florida real estate
Buying Real Estate
New Mortgage Rules
The Consumer Financial Protection Bureau has issued regulations to protect borrowers from loans they cannot afford and make banks more responsible for those loans. Some of the new rules include the requirement that homeowners will get a monthly statement of account or a coupon book to make payments showing the current mortgage balance, payment amount and next due … Keep reading... about New Mortgage Rules
New FHA Mortgage Limits
On December 6 HUD has released updated loan limits for FHA financed single family homes. NORTH PORT-SARASOTA-BRADENTON, FL MSA (Metropolitan Statistical Area) Sarasota & Manatee Counties $285,200 PUNTA GORDA, FL (MSA) CHARLOTTE County $296,250 24143 Peachland Blvd Port Charlotte, FL 33980 Office: (941)235-0933 Chase Lending Advisors … Keep reading... about New FHA Mortgage Limits
Be Careful When Applying for a Mortgage
There are many things that can go wrong, even after you have been pre-approved. Click here to read the do's and don't's: http://rotonda.suncoasteam.com/2013/01/23/how-to-mess-up-a-mortgage-pre-approval … Keep reading... about Be Careful When Applying for a Mortgage
Is Paying Down Your Mortgage Early a Good Idea?
In today's economy, the attraction of quickly reducing and possibly eliminating the burden of a mortgage is very appealing to many home owners. But, is paying down your mortgage really the best idea? The average consumer may argue that paying off their mortgage debt faster is a smart decision since ridding oneself of quite possibly the largest financial obligation they will … Keep reading... about Is Paying Down Your Mortgage Early a Good Idea?
Banks Loosen Credit; Housing Crisis Over in 2012?
Real estate owners all around the United States have felt the impact of the current housing crisis and economic recession. As property values have dropped, many home (and condo) owners have been engulfed by a sense of panic and have become uncertain as to whether they should ride out the "economic storm" or simply try and sell their property at a lower value in this buyer's … Keep reading... about Banks Loosen Credit; Housing Crisis Over in 2012?
How to Buy a Foreclosure
When it comes to finding and buying a bank-owned home, it can be very difficult and very stressful for buyers. Over the past year, the "supply of bargain-basement, foreclosure homes shrank, as banks temporarily stopped trying to repossess properties to review possible paperwork errors" (Florida Realtors). This decrease in supply has created an increase in demand, which will … Keep reading... about How to Buy a Foreclosure
Your Credit Score
Your credit score is perhaps the most important statistic in your financial life. Maintaining good credit is imperative when applying for a mortgage or other credit. It even factors in when buying insurance, especially auto insurance. Therefore, doing your best to keep a high credit score or improve your score could save you heaps of money. There are several “credits scores”, … Keep reading... about Your Credit Score
Obama signs Homebuyer tax credit bill extension
President Obama signed an extension of the $8,000 tax credit for first-time buyers. The extension adds money for some move-up buyers. The maximum tax credit remains $8,000. Anyone who has not owned a home within three years is considered a first-time buyer. Your purchase must be under contract by April 30, 2010. Your purchase must close no later than June 30, 2010. After Dec. … Keep reading... about Obama signs Homebuyer tax credit bill extension
Buyers Broker, Charlotte County, Florida
An article in The New York Times, Sunday, March 15, 2009, by Marcelle S. Fischler, discusses the benefits of employing a “Buyer’s Broker”. At Suncoasteam Realty, we agree. It is important to have a broker working for you, in your best interest, to get YOU the best deal possible. The article discusses the experience of buyers who made an offer through the listing agent. These … Keep reading... about Buyers Broker, Charlotte County, Florida