Mortgage and Housing News
Going Solar? What are the costs and payback time? Some gret information from Kiplinger….
Selling Your Home Requires Doing Your Homework!
Pre Approval for Your Mortgage –
What, When How and Why you need a pre approval letter to purchase a home!
10 turnoffs for potential homebuyers
Save for the in ground pool ( a very major plus here in SW Florida), everything else is spot on! And yes if you still have avocado appliances you are way past due for a kitchen make over! https://homes.yahoo.com/news/10-turn-offs-potential-buyers-150640994.html
Flood Insurance Update
Private Flood Insurance may be coming to Florida. Currently policies are underwritten by the Federal Government. If Gov. Scott approves the bill private companies will be able to provide coverage at competing rates. See the article here:
April 2014 Realty Report Lee County FL
The FHA back to work program: A second chance for homeowners
A consumer who sold his or her home in a short sale or lost it in a foreclosure would normally have to wait 36 months to purchase a primary residence again with an FHA fixed-rate mortgage. However, the FHA Back to Work Program allows a buyer to purchase a primary home just 12 months after a foreclosure, short sale or a deed in lieu of foreclosure. Read here
When Homeownership is Better than Renting!-10 Good Reasons to Own versus Rent
Remodeling that Bathroom? Avoid these 5 mistakes:
You are ready for a DIY Bathroom Remodel – the pros share 5 mistakes to avoid having your DIY project become a disaster!
The NEW Qualified Mortgage Rules
New Qualified Mortgage Rules and how do they affect the homebuyer seeking a mortgage? Seven questions and answers that give a in depth insight into these new rules http://www.fool.com/investing/general/2014/03/22/7-questions-you-need-to-ask-about-the-new-qualifie.aspx
Spruce Up Your Curb Appeal!
Looking to spruce up that front yard? Want some curb appeal especially if your looking to sell? Flower plantings are relatively inexpensive and can “dress up” your front yard! http://shine.yahoo.com/photos/flex-green-thumb-10-best-slideshow-180000933/
Deductions for Tax Time!
It’s Tax Time – April 15th is just around the corner. Homeowner? Here are 8 tax break items you should be taking if you itemize deductions! http://www.minyanville.com/trading-and-investing/personal-finance/articles/8-Tax-Deductions-for-Homeowners-tax/3/21/2014/id/54273?camp=syndication&medium=portals&from=yahoo
More than Just the $$$$ Down Payment!
Your looking to buy and that doiwn payment figure is foremost on your mind! There is more than just the down payment that meets the eye! – think upfront costs, reserves, residual income. This article spells out what you will need
Credit Scores and Financing!
With the recession and housing bubble bursting there is an underserved population of borrowers who have been “shut out” from traditional mortgage financing due to low credit scores. Well bad things happen to good people and now there is a move to supply financing programs for these underserved borrowers. Carrington Mortgage Services LLC wants to boost lending to “underserved” borrowers with FICO scores below 640″ – See more at: http://www.inman.com/2014/03/24/carrington-mortgage-services-taking-minimum-fico-score-down-to-550/
10 Real Estate Terms Every Buyer and Seller Should Know –
Knowledge is Power! These ten terms are found in every real estate transaction. Understanding these terms and their meaning will give you a smoother buying or selling process and also avoid any long term financial mistakes!
Flood Insurance –
You’re selling your home! One of the marketing tools your agent can use is the Open House Showing. A bit unnerving having complete strangers walk through your home? Yes it is; however, you and your agent can insure a “safe harbor” during an open house.
Making The Extra Mortgage Payment
What’s In, Thinking of remodeling that kitchen in 2014? Looks like trends may be changing: granite, espresso floors and closed panel cabinets may be out!What’s Out for Kitchens in 2014 Click on Kitchen
Solutions to Help Pay Your Mortgage
For those that are struggling to make that mortgage payment ( and yes there are still many who are still impacted by a waning economy) – there are other options versus foreclosure or short selling – no gaurentees however, its worth taking a shot to see if these programs can help! Click on —> Help
Avoid Financial Scams!
Don’t become a victim of a financial scam! Seniors are the prime target for many of the scams out there. Someone is always looking to help you part with your money. If its too good to be true its usually too good to be true! Be aware, ask questions, call a trusted relative. Click Here –> Avoid Scams
How Do I Get A Home Loan?
You’ve found the home and now comes finding the mortgage! Coventional is only ONE way to go. We also just helped a buyer find a mortgage that has a program for foreclosures and bankruptcy so there is more than one way to obtain financing. Call us we can provide information.
Had a Foreclosure or Short Sale?
For those who have had foreclosures or short sales, your credit and financial history takes a hit. That doesn’t mean you are shut out of the housing market. Aside from financial institutions, mortgage finance companies have also developed lending plans for would be homeowners that faced the financial crisis.
Five questions you MUST ask your lender about YOUR mortgage!
Planning to Buy A House This Fall?
5 Tips on house buying – the summer is gone – what happens to housing prices in the Fall?
Cape Coral Housing Market as of September 9, 2013
Latest news from the National Assoc of Realtors home prices continue to rise and inventories continue get tighter. In Cape Coral latest numbers show median home prices have increased 11.1% from a year ago and inventory is down 16.5% (6368 units vs 7788 units ).
|September 09, 2013||Month/Month||Year/Year|
|Median Asking Price||$239,900||-3.7%||+6.6%|
Click here for complete report http://www.deptofnumbers.com/asking-prices/florida/cape-coral/
What’s Your Roof Look Like?
One of the curb appeal itemsregarding your home – your roof! Does it look clean or does it have those dark smudgy lines running through the shingles or tiles? The culprit – an algae that thrives on humid wet weather – the kind you find here in Florida! Great article on the ins and outs of roof cleaning maintenance.
Click on Roof Maintenance
Florida Economy on the Rise!
Great news about our Florid economy – projectons show that the sales tax revenue is moving ina positive direction possibly with a surplus in the state coffers for FY 2014! Great shot in the arm for Floridas and the housing market! Strong fiscal policy does have it’s reward
s and note that Florida does not have a state income tax – great for retiring boomers! Come on Down! Click on the link: Florida Economy
SWCape Coral/Fort Myers Makes the List!
The housing market is coming back strong as evidenced by the increase in single family home prices – location, location, location plus a decrease in avaialble inventory units as well as the positive trends for Florida’s economy have placed the SW Florida area on the list! In relation to larger metro areas in the country there is still value for would be home owners looking to relocate to this area! Existing home values as well as price per square foot for new construction and quality of life are still in demand attributes in this part of Florida.
Click on: Florida Makes the List!
How Much Home Can I Afford?
A Little-Known Way to Cut Your Mortgage Payment
Let’s talk PMI – Private Mortgage Insurance – If you don’t have 20% down you pay the insurance on a monthly basis to insure the lender against future mortgage payment default. It can be an expensive add on. There is another option that can save you money – Single-Pay Mortgage Insurance. A one time fee versus a monthly fee with an upside. Read on….
From Forbes: Ten Ways to Control Your Home Insurance Costs
Is Now the Time to Buy A New Home?
Is 2013 YOUR year to purchase a home? The article covers a few key points – your financial staus, the housing market and prices, cost of borrowing and your ccosts in owning a home. Follow the link….Good reading. http://homes.yahoo.com/news/is-2013-the-right-time-to-buy-a-house–231039614.html
June 2013 Cape Coral Housing Data:
Click on Image to Enlarge
New Construction on the Rise
Average Home Prices Continue to Increase
It’s supply versus demand with demand winning! The median price for existing homes nationwide is at $192,800 an 11% increase over last year!
Home Buying Tips – Negotiate Everything!
When buying a home negotiating the mortgage terms, associated fees and costs ae just as important as negotiating the asking price. This is a great article to help prospective buyers understand that all mortgages, fees and costs are not created equal. An informed home buyer will get the best deal!
Mortgage – What Type Do I Need?
What types of mortgages are out there? What are the differences? Which one is best for me? Confusing isn’t it! ? A great tutorial on the type of mortgage you may need for your home purchase. The flow chart in the article makes it pretty easy to see what type mortgage you need! http://themortgagereports.com/12843/mortgage-choices-what-type-of-mortgage-should-you-get
Mortgage Quick Guide
Cape Coral Housing Market Statistics April 29 – May 5th 2013
|Current Residential Real Estate Market|
|–Residential Listings (total):||1,539|
|Real Estate Activity for the Week of Apr. 29, 2013 – May 5, 2013|
|–New Residential Listings:||137|
|–Contingent (Pending Short Sales):||38|
|–Listings Returned to the Market:||45|
|–Average Price of Single-Family Homes Sold:||$184,845|
|–Total Value of Residential Real Estate Sold:||$19,408,686|