HOME BUYING TRENDS

First time buyers have been having a difficult time to purchase a home due to much higher interest rates. The higher the mortgage interest rates are the smaller home that you may qualify for or even not qualify at all. This has dramatically dropped since June 2022 starting the first spike in mortgage interest rates. Now it is an affordability problem for many home buyers. It is now taken much longer to afford a home, inflation has taken over the nation even down to credit cards. With a working couple, it's nearly 100,000 income to own a decent home. Rental property has sky rocketed, which has many renters are trying and forced to improve their credit scores and keep debt down. However this is very difficult with inflation. Buyers now have come to grips and now even moving further due to remote work for affordability. 

CASH OFFERS

Cash offers is the best going thing and a huge game changer to avoid the bank red tape and a advantage for the sellers to purchase a home. This avoids mortgage insurance premium, inspection period, much lesser closing cost for the buyer along with a much faster closing. This type of purchase does not require a survey nor appraisal. This type of offer makes the seller day as long as neutral terms are met between both parties. Seek a trusted advisor that can negotiate this type of transaction with no loopholes. Remember cash is king in many cases.

TRUSTED ADVISOR

As a trusted advisor, professional realtor and retired military veteran I am here to serve you and keeping you on the pulse of the Dr Phillips and the Central Florida area. Always stay in tuned, educated and connected in this volatile housing market to purchase or for the sale of your home. In the absence of trustworthy up to date information whether it's a housing crisis or local housing market, real estate decisions are driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community and always preaching the truth of real estate. I emphasize that education is a must for the community to ensure you are making the right decision.

Part of my job is to keep you educated of the local market trends, information on the buying and selling process to include real estate common terms and videos. Don't get confused with the news, they talk about national level data, I can provide the most current up to date local area data.

So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. When you are getting help with a home, look for your realtor with the heart of a teacher. If you are ready to start your journey, contact me today at 850 496-6412 to help begin a new walk to homeownership and all your real estate needs.