Friday, June 30, 2006, 12:45 PM
Where there is a will, there is a way. Many people don't realize how many little things can go wrong with a real estate deal. Most recently when dealing with a buyer purchasing a condo, the association gave the lender incorrect information regarding the number of units that were owner occupied. After many phone calls with the Mortgage Broker, the Lender the Se4ller's Realtor and the Association President, I was able to get the mis-information corrected and the closing went on as scheduled. If my buyer wasn't working with a seasonsed, caring professional, the deal would have fallen through and they would be sitting in their apartment packed and ready to move with no place to go. It is a great feeling to be able to make someone's dream of home ownership come true. I love this business!![ add comment ] | permalink
Friday, June 23, 2006, 11:37 AM
I attended a seminar put on by the Florida Housing Corporation last week. I was amazed at the number of awesome programs out there to help first time home buyers.
They have funds available to help buy down the current interest rates to 5 - 5.5%! This is awesome because it helps people qualify for a much higher priced home. They also have up to $7,000 you can apply toward your closing costs and programs that offer up to $25,000 in down payment money, which also brings your monthly payment down.
Contact me if you are a first time home buyer and I'll send you information on this great program!
Deana Schott
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Thursday, June 15, 2006, 11:33 AM
It's been a tough market for those selling. Although prices rose dramatically over the past three years, there has been a correction going on in the past 6 months. Prices have declined 6% as reported by the Orlando Regional Realtor's Association. Because there are so many homes on the market, there is a very good chance the prices will continue to fall.
When coupled with the higher interest rates, buyers are not able to qualify for the inflated prices of many homes. This translates into homes being on the market 60 - 180 days.
For buyers it means there is a large selection of homes to choose from and the pace of making a selection is much slower. And, lenders are being more creative with new products designed to help them qualify for a higher priced home.
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Wednesday, May 31, 2006, 07:56 PM
I love working with First Time Buyers because I'm a teacher at heart and there is definately a lot to learn in this market. There are lots of homes available, but the prices are higher than anyone buying thinks they're worth. However, being patient and realistic definitely helps![ add comment ] | permalink
