What The 2022 Real Estate Market Changes Mean To You
Unless you have been hiding under a rock, you know the real estate market is changing! Everyone has heard the debate about whether we are or we are not in a recession. But if you own a home, there are several factors at play that will change the way you have to market your home in the coming months. In real estate there are 3 types of markets. There is a sellers market, which we have been in since the beginning of the pandemic, a buyers market which we had for years following the real estate market crash in 2008, and a balanced market which favors neither sellers nor buyers.…
Buying A Home With Solar Panels
Who doesn’t want to save money on their utility bills? That’s the universal appeal of solar panels to the average consumer. But owning them can be quite expensive and most consumers don’t fully understand what is involved in purchasing a home with solar panels already installed. From smart thermostats and showerheads that conserve water to tankless water heaters, these are some of the “green” features that are attractive to most home buyers. But, there is a downside to solar panels and many homebuyers won’t be able to afford the increased costs of having them. The facts that we rarely hear about include the initial costs of the solar panels. The…
Florida Hometown Heroes Housing Program
This $100 million dollar program will provide zero-interest for Florida’s Hometown heroes such as firefighters, nurses, teachers, doctors and over 46 other occupations that can be used for closing costs and up to 5% of the first mortgage or $25,000. Florida’s Governor, DeSantis, worked in conjunction with Florida Realtors to help pass this unique legislature to help our local citizens and heroes who worked tirelessly during the pandemic to afford homeownership in the communities they serve amidst skyrocketing home prices. However, this program also offers many other benefits including lower than market rates on FHA, VA, Fannie Mae or Freddie Mac first mortgages, reduced up front fees, no origination or…
Florida Homeowners Get $676M for Covid Relief
Homeowners assistance is available for Florida homeowners who were impacted by Covid 19. The Homeowners assistance Fund (HAF) is part of the American Rescue Plan Act of 2021, which was designed to help homeowners who economically where impacted by Covid-19. Florida received $676,102,379, of which the (DEO) Florida Dept. of Economic Opportunity is to oversee it’s distribution. Homeowners who qualify will receive a mixium of $50,000 per household. But, once the money is gone, your chance for relief will be as well. But, before you to their website to register for your homeowner’s assistance fund, make sure you are eligible. Here are some of the criteria: You must show qualified…
Real Estate Comps vs Market Stats
Whether you are a buyer or a seller, the first questions people ask me as a Realtor is to see the “comps” or CMA. But there is another piece of data that is useful in establishing value and that is knowing the real estate market stats. So, what is the difference, and how do you know when you should look at one vs the other? Comps, or comparables, are real estate market stats that help a buyer and seller. When a buyer finds a property they would like to purchase the comps help them to evaluate the listing price compared to other sales in the community and against the competition…
How To Sell A Manufactured Home
Before you put your manufactured home on the market in Florida, you must understand the unique challenge in marketing and selling this type of home. In the N. Central Florida area where I live, manufactured homes are prevalent. From Ocala to Dunnellon and in between you will find communities dedicated to these homes, or mixed neighborhoods that have site built and manufactured homes. Many cities are changing and will no longer allow manufactured homes in certain areas. So, before you sign a contract on a vacant parcel of land, be sure you check with the city zoning and building department. The number one issue with selling a manufactured homes is…
