Wednesday, April 21, 2021 / by Flr Team
While pondering whether to rent or own a home, we have some insight that may help you decide on what the best route is for you.
One of the biggest benefits to home ownership is the equity you build with each mortgage payment instead of putting money into your landlord’s pocket. But it also doesn’t mean that buying is the best choice for you. As a renter, you enjoy more flexibility and avoid costs that come with ownership.
Some questions to ask yourself is:
Will you qualify for a mortgage?
Unless you have enough money in the bank to buy a house with cash, you will need to get a mortgage. First thing you will want to do is reach out to a lender to see what you qualify for. This is determined by the debt-to-income ratio. Debt-to-income ratio is the percentage of a consumer’s monthly gross income that goes toward paying debts.
Can you afford closing costs?
You have to be sure you have enough money to cover the closing costs. With a six-figure pri; ...
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Wednesday, April 14, 2021 / by Flr Team
What is an iBuyer? In a nutshell, it’s a new trendy way to buy or sell homes in the real estate world. If you’re a home seller who wants to sell your home fast with minimal fuss, selling to an iBuyer might be an option for some. However, I am here to tell you it’s not all rainbows and butterflies going that route.
Traditionally when you sell a home, there are necessary steps to take including making repairs, staging your home, holding open houses, soliciting offers, negotiating with home buyers, and signing the purchase agreement. You may also have to overcome any roadblocks that may come into play along the way. AReal Estate Agent will take care of all of this and will navigate the entire process for you.
When you go through the process of selling Real Estate through an iBuyer, it can be more of a streamlined transaction- plug in the address and fill out a questionnaire about your home. Within 24 hours, you will receive a cash offer. The ‘; ...
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Monday, April 5, 2021 / by Flr Team
Currently, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize, there are perks today that are empowering big moves for people. Here are the top two to keep on your radar this season.
Perks for Buyers: Low Mortgage Rates
The most compelling buyer incentive right now is low mortgage interest rates. For a 30-year fixed-rate mortgage you are looking at just over 3%. While that’s slightly higher than the record-lows from 2020, it’s still way lower than the typical rates in the recent years.
Having said that, this is a huge advantage for buyers in helping homeownership. The latest Homeowner Equity Report from CoreLogic shows how homeowners saw a major increase in their net worth last year, all thanks to owning a home. However, experts are forecasting we will see them continue to rise as the year goes on. If you&rsquo ...
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Thursday, April 1, 2021 / by Flr Team
When thinking about selling, homeowners often feel they need to do some updates or remodeling to make their home more appealing to buyers. However, with the market being where it is and buyers competing for the limited amount of homes available, renovations may not be as important as they would in a traditional market. Here are two major things to keep in mind if you’re thinking about selling your home this season.
Inventory is Low: There aren’t enough homes for sale right now
In a traditional market, there is usually a 6-month supply of homes for sale, but today’s housing inventory sits far below that. According to the National Association of Realtors (NAR), there’s only a 1.9 month supply of homes available today. As a result, buyer competition is high and homes are only on the market for about 21 days, during which time most receive multiple offers.
In this type of market, it may be wise to let future homeowners remodel the bathroom or kitchen to make desi; ...
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Wednesday, March 24, 2021 / by Flr Team
Over the last year, you’ve probably realized your needs in a home have changed, especially for those who are working from home. It’s possible you desire additional room that may not have been needed before the pandemic.
The space that you work in, should inspire you. Here are 5 work-from-home interior design trends for you to check out.
Maximalism Returns
Wallpaper and bolder colors are coming back! By adding an accent wall with a bold color or using wallpaper to add texture will help make your space cozy.
Natural Look
Bring the outdoors in, and use natural fibers in furniture, drapes, and decor.
The Open Air
Sheer window treatments and/or no treatments at all give a space the feeling of being outdoors.
Soothing Colors
Choose warm, comforting hues, and color schemes that promote wellness and healing. Some colors are soft serene blues and greens to mimic sea glass and ocean waters.
Feeling the Power
With more people home and on 2 ...
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