December 28, 2020
Is your House your Home? Buying A Home In Orlando Florida is now easier than ever!
Turning a House into a Happy Home
We talk a lot about why it makes financial sense to buy a home, but more often than not, we’re drawn to the emotional reasons for homeownership and the joy it brings to our lives!
No matter the living space, the feeling of a home means different things to different people. Whether it’s a certain scent or a favorite chair, the feel-good connections to our own homes are typically more important to us than the financial ones. Here are some of the reasons why.
1. Owning your home is an accomplishment worth celebrating
You’ve likely worked very hard to achieve this dream, and whether it’s your first home or your fifth, congratulations are in order for this milestone. You’ve earned it.
2. There’s no place like home
Owning your own home offers not only safety and security but also a comfortable place where you can simply relax and kick-back after a long day. Sometimes, that’s just what we need to feel recharged and truly content.
3. You can find more space to meet your needs
Whether you want more room in your home for your changing lifestyle (think: working from home, virtual school, or a personal gym), or you simply prefer to have a large backyard for socially-distant entertaining, you can invest in a location that truly works for your evolving needs.
4. You have control over renovations, updates, and your style
Looking to try one of those complicated wall treatments you saw on Pinterest? Tired of paying an additional pet deposit for your apartment building? Maybe you want to finally adopt that fur-baby puppy or kitten you’ve been hoping for. You can do all of these things in your own home.
In Summary...
Whether you’re a first-time homebuyer or a move-up buyer who wants to start a new chapter in your life, now is a great time to reflect on the intangible factors that turn a house into a happy home. Your family deserves it and so do you!
The Challenge:
The number one complaint I hear when I meet with home buyers is that they do not qualify for enough money to buy the home they really want to buy.
Here are a few things to consider as you prepare yourself to purchase your dream home that you REALLY want:
Credit score: It's true, there still are some low-credit loans, but you'll need a score of at least 620 for most conventional loans. If your credit score is lower than that, start working to raise your credit score now and subscribe to the Reid Realty Report so you can get my upcoming tips on how to boost your credit score!
Debt-to-income ratio:
In most cases, you'll want to spend less than 30% of your income on debt (including your future mortgage payment) each month and that's not easy to do for most people so make sure you have a plan for accomplishing this with a little wiggle room.
Down payment:
For a conventional loan, you'll need a down payment of at least 20%. Consider an auto savings plan or a "Keep the change" account to make saving for this automatic. Before you know it, You'll have what you need!
Closing costs:
Home buyers typically have to pay 2-5% of the home's price in closing costs. Considering the average home value in Florida is $262,291, that amounts to $5,246-13,115. These costs usually have to be paid out of pocket, so make sure you have savings to cover them. You may also consider short term loans to cover these or asking to Seller to cover a portion of this at closing during your negotiation. BUT IT RIGHT!
These are just a few of the things that can help you accomplish the wonderful achievment of home ownership here in Central Florida and if you have questions or need to buy or sell real estate please consider me and my team as we are standing by to assist you! Helping you to BUY it Right, and SELL without a Fight!
Call or Text: (407) 214-7422 to schedule a same day appointment with one of our agents!
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Mighty Mike Reid do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Mighty Mike Reid will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
Mighty Mentor
There are a lot of questions right now regarding the real estate market as we head into 2022.
The post Don’t Believe Everything You Read: The Truth Many Headlines Overlook appeared first on Keeping Current Matters.
With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago.
The post Why a Wave of Foreclosures Is Not on the Way appeared first on Keeping Current Matters.
Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility.
The post Understand Your Options To Avoid Foreclosure appeared first on Keeping Current Matters.
I’m really excited about today’s guest on the show! Heather Hurry is with Pillar To Post Home Inspectors and the Jeff Mackey team. She is going to join us today as we discuss INSPECTIONS and what home buyers are missing on the Inspection Report! SUPER IMPORTANT! Visit www.mightymikereid.com for full show notes and to watch the video of this interview.
Whether you are sitting on the beach or kayaking near the still water's edge at Fort De Soto, you find yourself absorbed in the abundance of natural beauty for as far as the eye can see. The complexity of the ecology is not immediately apparent, but the park offers the greatest diversity of systems just about anywhere. Emerging from the wealth of birdlife, sea life, wildlife and plant life is the majestic tapestry called Fort De Soto Fort De Soto was named America’s Top Beach for 2009 by Trip Advisor, the world's largest online travel community. In 2005, “Dr. Beach,” named Fort De Soto the nation’s #1 Beach. The park property was first purchased from the federal government in 1938 for $12,500. In 1941 the property was sold back to the federal government for $18,404 to be used as a gunnery and bombing range during World War II. The property was repurchased from the United States in 1948 for $26,500. The 12-inch mortar battery, located at the fort for which the park was named, was listed in the National Register of Historic Places in 1977. Adding to the historical interest at Fort De Soto, two British breech-loading, rapid-fire rifles of 1890 vintage were installed in March 1982. Markers showing the original building locations and a Quartermaster Storehouse Museum add to the park's historic interest.
Special Guest: Kristofer Brinton is a Tampa native with multiple years of mortgage experience. As an immigrant to the United States, Kris takes homeownership seriously and serves his clients with pride. Watch The Full Episode at https://youtu.be/Ot-LivVsA-c
With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago.
The post 4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures appeared first on Keeping Current Matters.
If you ask anyone who has ever tried to sell their own home
themselves they’ll tell you that from the moment the “For Sale By
Owner” sign goes up, the phone begins to ring. Unfortunately,
many of those calls will not be from prospective buyers, but
rather from real estate agents trying to obtain your listing.
Obviously, the idea of not having to pay commission to a real
estate agent is attractive to any home-seller. But because of all
the issues involved in the process, selling a home on one’s own
can be challenging, as many home-sellers will attest.
Get to the root cause of your partner’s concerns, find out who’s on the deed and how much equity is yours, and weigh your options for moving forward.
There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program.
The post 4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure appeared first on Keeping Current Matters.
