Thursday, August 12, 2021 / by Flr Team
For a lot of first-time homebuyers, purchasing a home can feel overwhelming and intimidating. Some are unsure about the home buying process and what they can actually afford.
A recent survey of some buyers between the ages of 25-40 found the following to be true:
- “1 in 4 underestimated their buying potential by $150k or more”
- “1 in 4 underestimated the increase in value by $100k or more”
- “47% don’t know what a good interest rate is”
Because of these uncertainties, buyers have given up on their search, or worse, have decided to not move forward with the home buying process because they are discouraged. If you are interested in buying a home but not sure where to start, here are three key concepts about homeownership you should know before getting started.
Down Payments: What you need to know
Saving for a down payment is sometimes viewed as one of the biggest obstacles for first time homebuyers, but that doesn’t ha; ...
Thursday, August 5, 2021 / by Flr Team
If you are a prospective buyer or seller, it’s important that you understand the current real estate market conditions and how it can affect your home process. Here are a few things that can impact today’s housing market.
Technology Acceleration and Innovation
So much has changed in the past year for the real estate industry, especially when it comes to technology. For real estate, innovations like virtual tours, digital documentation, and video chat allowed agents to connect to clients no matter where they are. These options are ideal for prospective buyers and sellers who aren’t local to the area or those that need the added flexibility in signing documents online. It also allowed the flexibility in meeting the client’s needs in showing a property virtually when they were unable to physically be present. This is why many trusted real estate professionals will continue to use these technologies to move forward to best service all of their clients. ...
Wednesday, July 28, 2021 / by Flr Team
Did you know it’s Bioluminescence season? If you live on the Space Coast, you might be aware of the magical glow that lights up the lagoon at night during the months of July and August. We reached out to a local tour guide from Cocoa Kayaking to get more insight one what the magic is all about. This is what Dustin Foster has to share about the Bioluminescence experience.
“Bioluminescence is the biochemical emission of light given off by organisms. It is primarily used by living organisms as a means to deter or to attract predators and prey. The bioluminescence that we are experiencing in our local lagoons are due to a single-celled plankton called a dinoflagellate. These dinoflagellates are microscopic and harmless to people. They contain a molecule called luciferin that reacts with oxygen to produce light. Anything that creates a disturbance in the water is going to cause oxygen to react with the cellular wall of the plankton, sparking a chemical reaction that c ...
Wednesday, July 21, 2021 / by Flr Team
One important factor in today’s housing market is the number of homes for sale. While the inventory levels sit at a historic low, there are indications that we may have hit the lowest point we’ll see. We’re still not close to a balanced market but we are finally seeing a slow but steady increase in homes coming up for sale. This leaves many buyers and sellers wondering the same thing: what does that mean for me?
Buyers: More Options Are Arriving, So Act Fast
More supply means that there are more options to choose from with less competition. This could mean fewer bidding wars. If you have been experiencing trouble trying to find your next home, this news should give you the hope and motivation to keep your buying process moving forward. Experts are projecting that mortgage rates will begin increasing which will make purchasing homes less affordable. Capitalize on today’s market with low interest rates.
Sellers: The Supply Challenges Are Not Over Yet, s2 ...
Wednesday, July 14, 2021 / by Flr Team
As everyone knows, the housing market has been pretty good for the first half of the year. For the second half, it is looking to remain positive which contributes as to why there may not be a better time to sell than right now.
Here are four things to consider if you’re trying to decide if now is the best time to make a move.
Your House Will Move Quickly
The average days on market are a strong indicator of buyer competition, and of course, homes selling quickly are a great sign for sellers. It is also a huge indicator that buyers are motivated to do what it takes to buy their dream home.
Buyers Are Willing To Compete For Your House
While homes are selling fast, they are also receiving multiple offers. According to the National Association of Realtors, sellers are seeing an average of 5 competitive offers.
When Supply Is Low, Your House is in the Spotlight
One of the biggest challenges for motivated buyers is the amount of buyers vs the amount of homes for sal ...