Real Estate News

The top 5 rental scams — and how avoid falling for them

If you’re looking to rent an apartment, condo or house, rental fraud can turn a search from an exciting time to a negative experience with a scammer who steals your money. Fake Craigslist deals, Zillow listings for properties that don’t exist or phantom landlords who demand deposits before even showing the place are all too common in the digital age,…

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7 Steps to Take Before You Buy a Home

7 Steps to Take Before You Buy a Home By doing your homework before you buy, you’ll feel more content about your new home. Most potential home buyers are a smidge daunted by the fact that they’re about to agree to a hefty mortgage that they’ll be paying for the next few decades. The best way to relieve that anxiety…


Financing Contingency vs. Appraisal Contingency

By Joel Maxson – If a contract includes both a financing contingency and appraisal contingency, where does one end and the other begin? There’s substantial overlap in the two contingencies, but they have very different rules. ORLANDO, Fla. – When buyers negotiate a contract that includes both a financing contingency and appraisal contingency, they sometimes have trouble understanding where one…


Mortgage Rates Drop Below 3% – Lowest in 50 Years

By Kerry Smith – The 30-year, fixed-rate mortgage averaged 2.98% this week, according to Freddie Mac – but any uptick in buyer demand will meet a shrinking inventory of for-sale homes. MCLEAN, Va. – The average 30-year mortgage rate dropped below 3% this week for the first time in at least 50 years. It averaged 2.98% this week, according to…


NAR: Watch for Home Sales Rebound as Economy Opens Up

By Catherine Mesick There are still many unknowns about COVID-19, but with that in mind, NAR Chief Economist Lawrence Yun is cautiously optimistic about where the economy is heading, and he also sees positive indicators in the residential real estate market. WASHINGTON – First a caveat: There are still many unknowns about COVID-19 and what might happen next. But with…


Closing Checklist for Sellers

You may already have gathered all the paperwork you need for closing day, but there are a few other tasks to handle before you get to the closing table. 1. Clean the entire house, including inside drawers and cabinets. 2. Close utility accounts and have them shut off on the day of closing. 3. Place all keys (house, mailbox, pool,…


Florida Realtors: Feb. Single-Family Sales Up 9.1%

From Florida Realtors Condo sales up 10.8% year-to-year. Statewide median price for single-family homes up 8% to $270K; condo median price up 6.7% to $200K.  Florida Housing Market in Good Position After Strong February The latest statistics show that existing home sales in Florida experienced another solid month of growth, putting the state in a good economic position as coronavirus concerns…


What makes a house a home? The answer is changing

Debbie Dawson, RE/MAX Advantage Realty, 727-709-9541 For some of us, home is a walk-up apartment that we share with a roommate or two. For others, it might be a house on a leafy suburban street, or a modern glass box overlooking the sea. The variations are endless. The only real universal feature is a roof over your head; everything else…