The 2019 fourth quarter is shaping up to provide tremendous growth in Tallahassee. Residential new construction as well as commercial development projects are in full swing across the city. These projects can impact economic conditions as well as property values in the neighboring development areas. Here are a few areas to keep an eye on…
It’s common knowledge that your FICO® score plays an important role in the homebuying process. However, many buyers have misconceptions regarding what exactly is required to get the loans they need. While a recent announcement from CNBC shares that the average national FICO® score has reached an all-time high of 706, the good news for…
Have you ever looked up at a roof and and noticed dark streaks? Often times those are caused by a biological growth, technically knownan Gleoecapsa Magma. Its technically a cyanobacteria that closely mimics an algae. Traditionally found around the eastern seaboard, it has been spreading across the nation over the past few years and can…
Contrary to common misconception, a down payment is often much less than many believe. According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More than 6 in 10 (62%) Americans believe you must put at least 20% down in…
Some Highlights: Learning the lingo of homebuying is an important part of feeling successful when buying a home. From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them. Your local professionals are here to help you feel confident and informed…
The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound. 1. Existing Home Sales (closed sales) are up, marking two consecutive months of growth. 2. Pending Home Sales (contracts signed) are up with each of the…
By making a few key upgrades to your home, you’ll save on your utility bills and improve the energy efficiency of your home. When you’re ready to sell your house, these key features will make it even more attractive to potential buyers. As a homeowner, it’s important to keep your home running efficiently, not only…
You made an offer and it was accepted. Your next task is to have the home inspected prior to closing. Agents often recommend you make your offer contingent upon a clean home inspection. This contingency allows you to renegotiate the price you offered for the home, ask the sellers to cover repairs, or in some…
The latest edition of the Realtors Confidence Index from NAR sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Until the supply of homes for sale starts to meet buyer demand, prices will continue to rise. The price of any item is determined by supply, as well as the market’s demand for the item. The National…
Applications for mortgages for new home sales increased 0.2% in August compared with July and were up an impressive 33% compared with August 2018, according to the Mortgage Bankers Association’s (MBA) Builder Application Survey. The index, which is not adjusted for seasonal patterns, shows that applications for conventional loans represented about 69.3% of loan applications for…
We share insightful articles and resources to help homeowners and real estate professionals stay connected to the top trends related to the real estate market and local happenings in Tallahassee.