Category: Florida Real Estate

Found a condo you love, only to find that it doesn’t qualify for a federally backed mortgage? Try again tomorrow First-time homebuyers often opt for a condo, but rules for Federal Housing Administration (FHA) mortgage loans banned many units and complexes in Florida from participating. However, that changes on Tuesday,… Read More

Here’s all the tax deductions at your disposal when selling your home You may be wondering if there are tax deductions when selling a home. And the answer is: You bet! But there’s also a new tax code – aka the Tax Cuts and Jobs Act – causing quite a… Read More

New FHA rules make getting condo mortgages easier The Federal Housing Administration issued new guidelines that aim to streamline the agency’s approval process for condominium projects. The long-awaited regulations are intended to promote affordable and sustainable homeownership, especially among credit-worthy first-time buyers. The new policy is designed to be flexible… Read More

Don’t make any more excuses—buying a home is within your reach Owning a home means you can build equity, take advantage of tax deductions, and partake in a little something called the American dream. For the past couple of years, the U.S. homeownership rate has hovered around 64%. But there’s… Read More

Low mortgage rates means greater savings in borrowing costs, but many would-be buyers may be left out Ongoing trade disputes with China prompted mortgage rates to drop sharply this week. The 30-year fixed-rate mortgage averaged 3.60% last week, the lowest average since November 2016, Freddie Mac… Read More

Home sellers who sell directly to an iBuyer end up paying higher fees than if they sold with a real estate agent Instant offers work well for sellers who want quick closings with minimal preparation, but a study by Collateral Analytics found that homeowners make less money than selling their… Read More

Here’s a few tasks to complete before buying your first home Very few events in your life are going to be as exciting as buying your first home, but first-time buyers need to remember that this process can be very complicated. Well before you make an offer on a home,… Read More

Home prices plummeted during the recession & some buyers are waiting for it to happen again — but they might be waiting longer than expected Home buyers sitting on the sidelines waiting for home prices to backslide might be waiting longer than expected, according to experts. Although the high price… Read More

If you’ve been waiting to buy a home, now is the time — the housing market will soon favor sellers again Competition in the housing market finally began to cool this year as listings multiplied and price gains moderated. Bidding wars became less frequent, and spring sales perked up a… Read More