3 Reasons To Buy a Home This Summer

Written by Fort Lauderdale Mortgage Syndicated User on June 20, 2025. Posted in Buying Tips, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Home Prices, Inventory.

Are you thinking about buying a home, but not sure if now’s the right time? A lot of people are waiting and wondering what the market’s going to do next. But here’s something only the savviest buyers realize:This summer might actually be the best time to buy in years. Here are three big reasons why.1. You Have More Negotiating Power After several years of sellers having all the leverage, things are starting to shift. Check out the graph below. It uses data from Redfin to show that right now, there are more sellers active in the market than buyers:Take a look at what happened back in 2021...

Buying Your First Home? FHA Loans Can Help

Written by Fort Lauderdale Mortgage Syndicated User on June 10, 2025. Posted in Affordability, Buying Tips, First-Time Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Mortgage Rates.

If you’re a first-time homebuyer, you might feel like the odds are stacked against you in today’s market. But there are resources and programs out there that can help – if you know where to look. And one thing that can make homeownership easier to achieve? An FHA home loan.They’re designed to help you overcome some of the biggest financial hurdles in the homebuying process – and that’s why so many first-timers are using them to make their purchase.Whether you’re dreaming of ditching rent, planting roots, or just wanting a place that’s truly yours, an FHA home loan could be the path that...

Understanding Today’s Mortgage Rates: Is 3% Coming Back?

Written by Fort Lauderdale Mortgage Syndicated User on June 5, 2025. Posted in Buying Tips, First-Time Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Mortgage Rates.

A lot of buyers are pressing pause on their plans these days, holding out hope that mortgage rates will come down – maybe even back to the historic-low 3% from a few years ago. But here’s the thing: those rates were never meant to last. They were a short-term response to a very specific moment in time. And as the market finds its footing again, it’s time to reset expectations.Back in 2020 and 2021, 3% mortgage rates gave buyers a serious boost: more affordability, more buying power, and more opportunity. But those rates were a result of emergency economic policies during the height of a...

Newly Built Homes May Be Less Expensive Than You Think

Written by Fort Lauderdale Mortgage Syndicated User on June 3, 2025. Posted in Affordability, Buying Tips, First-Time Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Home Prices, New Construction.

Do you think a brand-new home means a bigger price tag? Think again.Right now, something unique is happening in the housing market. According to the Census and the National Association of Realtors (NAR), the median price of newly built homes is actually lower than the median price for existing homes (ones that have already been lived in):You read that right. That brand new, never-been-lived-in house may cost less than the one built 20 years ago in a neighborhood just down the street. So, if you wrote off a new build because you assumed they’d be financially out of reach, here’s what you...

Common Real Estate Terms Explained

Written by Fort Lauderdale Mortgage Syndicated User on May 27, 2025. Posted in Agent Value, Buying Tips, First-Time Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates.

If you’re a first-time homebuyer, chances are you’ll come across some terms you’re not familiar with. And that can be overwhelming, especially while going through one of the biggest purchases of your life. The good news is you don’t need to be an expert on real estate jargon. That’s your agent’s job. But getting to know these basic terms will help you feel a lot more confident throughout the process.Terms Every Homebuyer Should KnowOnce you’re familiar with this terminology, you’ll have a better understanding of important details – from contracts to negotiations. So, when those...

What Buyers Need To Know About Homeowners Association Fees

Written by Fort Lauderdale Mortgage Syndicated User on May 21, 2025. Posted in Buying Tips, First-Time Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates.

When buying a home, you’re probably thinking about mortgage rates, home prices, your down payment, and maybe even your closing costs. But you may not be thinking about homeowners association (HOA) fees. While you won’t necessarily have these, you should know it’s a possibility, depending on where you decide to live.A homeowners association is basically an organization that oversees a housing community (including shared spaces) and sets and enforces rules for things like upkeep. Some buyers love the perks that come with an HOA, others may see the fees as an extra expense. The key is knowing...

Housing Market Forecasts for the Second Half of 2025

Written by Fort Lauderdale Mortgage Syndicated User on May 17, 2025. Posted in Buying Tips, For Buyers, Forecasts, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Infographics, Mortgage Rates.

Some HighlightsAre you wondering what to expect if you buy or sell a home in the second half of the year? Here’s what the expert forecasts tell you.Mortgage rates are expected to come down slightly. There will be more homes available for sale. And as inventory rises, home price growth will moderate.Want to know what this could mean for your plans? Connect with a local agent and talk through it together.

Don’t Let Student Loans Hold You Back from Homeownership

Written by Fort Lauderdale Mortgage Syndicated User on May 15, 2025. Posted in Buying Tips, First-Time Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates.

Did you know? According to a recent study, 72% of people with student loans think their debt will delay their ability to buy a home. Maybe you’re one of them and you’re wondering:Do you have to wait until you’ve paid off those loans before you can buy your first home?Or is it possible you could still qualify for a home loan even with that debt?Having questions like these is normal, especially when you’re thinking about making such a big purchase. But you should know, you may be putting your homeownership goals on the backburner unnecessarily.Can You Qualify for a Home Loan if You Have...

Why Buyers Are More Likely To Get Concessions Right Now

Written by Fort Lauderdale Mortgage Syndicated User on May 14, 2025. Posted in Buying Tips, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates.

Especially in areas where inventory is rising, both homebuilders and sellers are sweetening the deal for buyers with things like paid closing costs, mortgage rate buy-downs, and more. In the industry, it’s called a concession or an incentive.What Are Concessions and Incentives?When a seller or builder gives you something extra to help with your purchase, that’s called either a concession or an incentive. A concession is something a seller gives up or agrees to in order to reach a compromise and close a deal. An incentive, on the other hand, is a benefit a builder or seller advertises and...

Why You’ll Want a Home Inspection

Written by Fort Lauderdale Mortgage Syndicated User on May 10, 2025. Posted in Buying Tips, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Infographics.

Some HighlightsOnce your offer is accepted, an inspector will assess the condition of the house, including things like the roof, foundation, plumbing, and more.That information is incredibly important and paves the way for you to re-negotiate with the seller, as needed. So, you don’t want to skip this step.An inspection is your chance to avoid costly headaches and get peace of mind. Connect with an agent to talk about other ways to make your offer stand out.

Category: Buying Tips