Coronavirus and Real Estate

Posted by R_yn5_@_ul on

Happy Monday Everyone! 

I’ve had a lot of friends and customers call and ask “how is the coronavirus affecting real estate” ? Well we’re still selling homes, and I had a couple of listings go under contract last week within 24 hours of hitting the market! I’m sure the next few weeks will be interesting, but right now is still a great time to buy or sell real estate! Interest rates are at a low which is great for buyers! Inventory is extremely low which is great for sellers! Check out this video that Florida Realtors published regarding the coronavirus and real estate! 

https://www.floridarealtors.org/news-media/video-library/sharing/florida-realtors-legal-update-coronavirus-march-17-2020

If you have any questions or if I can help you in anyway please let me know! 

 

Housing Demand

Posted by R_yn5_@_ul on

Happy Thursday, Everyone! 

If you have followed my blog you know for the past several months I have talked about the housing shortage that we’re currently facing. Check out this article that Florida Realtors just posted! The U.S. needs 3.3 million more homes to satisfy the housing demand. 

https://www.floridarealtors.org/news-media/news-articles/2020/03/study-us-needs-33m-more-homes-satisfy-demand

If you have given any consideration to selling now is the time!

Call me! I would love to help (352) 577-9171 

Worst Advice for Home Buyers!

Posted by R_yn5_@_ul on

Happy Monday! When buying a home you hear all different types of advice and opinions from your family, friends and peers. Check out this article posted by Realtor.com ~ worst advice given to home buyers. 

  • Prices are going down (FALSE) 
  • You don’t need a Realtor (USING A REALTOR IS FREE FOR YOU! PAID BY THE SELLER) 
  • Make lowball offers (THIS ISN’T ALWAYS A GOOD IDEA.) 
  • Don’t obtain a home inspection (FALSE. THIS IS THE BIGGEST INVESTMENT YOU WILL MAKE) 

Link to full article >>>

https://www.realtor.com/advice/buy/worst-home-buying-advice/?cid=soc%5Ffy20_TW_RDCFY20_Buyi

Please call me for all of your real estate needs! I would love to help! (352) 577-9171 

10 Year Market Trend

Posted by R_yn5_@_ul on

Good Day All, 

I keep saying this, but incase you all forgot HOUSING INVENTORY IS LOW! Here is a chart that shows you the decline of listings for sale in Marion County, over the past 10 years. If you have thought about selling now is the time! I have a portfolio of buyers waiting to find their perfect home! 

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Please call me for all of your real estate needs! (352) 577-9171

Co-Signing a Mortgage Loan

Posted by R_yn5_@_ul on

Good Day Everyone, 

I hope you all are having a great week! Spring is right around the corner which often can be the busiest time of year for home sales. Lately, I’ve received several calls from first time home buyers in regards to purchasing a home. Often people think that if their credit and financial situation isn’t ideal, that they will just get a co-signer to sign on the mortgage. Are you aware of the risk of co-signing on a mortgage or any type of loan for that matter? Below, in my opinion, are the top 5 risk. 

  1. You’re 100% Responsible for the Loan – If the person you’re co-signing for loses their job or decides to quit making the payments, YOU’RE RESPONISIBLE TO PAY BACK THE LOAN. Just because you’re the “2nd person” or “backup” does not mean that you’re not responsible for the loan. 
  2. Credit Score – Co-signing on a loan will affect your credit score. Any delinquencies will appear on your credit score.
  3. Future Loans and Debts – Even if the primary borrower makes all payments on time and is in good standing, retailers and vendors will be notified that you have a mortgage loan in your name, even as a co-signer. 
  4. Your Financial Situation – Your finances will be reviewed to determine if the bank will approve the loan. You will need to provide bank statements, paystubs, tax returns, etc. ; just as if you were the primary borrower.
  5. Do Your Homework – Just remember without you, the primary borrower would not have been approved for this loan. Research and look into their income, debts, etc. before you financially obligate yourself to them and a loan. 

I hope you find the blog post helpful! If there is anything I can do to help please let me know. (352) 577-9171 or Info@Seach352Homes.com