Word of the Week- Commission

What is it? How much should it be? Why pay it?      Let me get this right....I'm going to sell my home and give a real estate agent how much?!? That is a common reaction when someone engages a real estate associate to help with buying or selling a home. Here we will help you understand why that 5 or 6% commission will be the best money you ever spent. In fact, if you choose a qualified and reputable agent, you should make more money (even with the subtracted commission) than you would have doing it by yourself. First...

What is the Real Estate Market Doing?

As a realtor, one of  the most common questions heard is "what is the housing market like". There is never an easy answer, but as we roll into 2018, I wanted to try and attack that question.  Here in the Tampa Bay area, the housing market is pretty good, particularly if you are looking to sell! Tampa Bay ranks 29th in the nation's top 100 markets for 2018. Coming in behind Lakeland, Miami, Orlando, Daytona Beach and Sarasota, but finishing ahead of Cape Coral and Fort Myers.   Sellers According to Darne Blomquist, senior vice president at ATTOM, a real...

Learning About Loans

  Many potential home owners are hesitant to even dip their toes in the intimidating home ownership  water. It seems a large part of that fear stems from thinking they can't afford a home. A recent survey by rental service, Apartment List, found that 80 percent of millennial renters want to buy a home, but most say they can't afford it. What you may not know is that there are quite a few programs out there that offer assistance. Here we have outlined a handful of those and provided links for further reading.   FHA LOAN FHA, short for Federal...

Buying a House? Don’t Forget to Factor in Property Taxes!

You’ve found the dream house, the price is right and you are ready to purchase. Make sure you stop and consider additional expenses first. The cost of homeownership goes beyond just your mortgage payment. For instance, property taxes and flood insurance. In this article we are going to focus on property taxes. Did you know that Florida’s property taxes average 1.1% of a home’s assessed value? This tax helps support state and local government funding, since Florida doesn’t impose a personal income tax. It’s imperative that you discover how your property tax bill works. Once you understand how your property...

WORD OF THE WEEK- ESCROW

WORD OF THE WEEK- ESCROW If you’ve ever heard a discussion on real estate, chances are the word “Escrow” has been thrown around. Perhaps you have a vague understanding that it has to do with holding money, but we will break it down for you here. There are two different meaning for the word “escrow” depending on what part of the country you are in. The overall definition is: “To place money or legal documents in the control of a third party until specific conditions are met”.  In the Western US, when someone says they are “in escrow”, they are...