This week on Central Florida Real Estate Radio, Laura shares her Exclusive Central Florida Market Stats and explains what today's numbers mean for buyers and sellers across Orange, Osceola, Lake, Polk, and Seminole Counties.
Many would-be buyers are sitting on the sidelines waiting for mortgage rates to come down. But is waiting really the best strategy?
Laura discusses why the best thing buyers can do today is get completely prepared before they find the house they want. Today's market generally offers buyers more choices and negotiating opportunities—but the best homes can still attract serious buyers.
Exclusive Central Florida housing market statisticsWhy some buyers are waiting for lower mortgage ratesWhy getting fully approved before you find the house can give you an advantageKnowing the monthly payment you're comfortable with—not simply the maximum amount you can qualify forWhy taxes, insurance, HOA fees and maintenance need to be part of your buying decisionHow seller concessions can be used strategicallyTemporary versus permanent interest-rate buydownsWhy a permanent rate buydown or discount points may help some buyers qualify when a temporary buydown may notWhen having the seller pay closing costs may be more valuable than negotiating the price lowerWhy buyers should have their lender compare different uses of the same seller contributionIdentifying your true must-haves while remaining flexible about cosmetic issuesUsing comparable sales and competing listings to determine what a home is really worthKeeping enough cash available after closing for inspections, moving, repairs and unexpected expensesThe lowest purchase price isn't always the best deal, and the biggest seller concession isn't necessarily the most valuable one. The important question is: How can the dollars available in the transaction be structured to help you the most?
Instead of simply waiting and hoping rates come down, understand the options available today. The right combination of price, financing, seller concessions and preparation could make the home you want more affordable than you think.
Hosted by Laura Petersen, Broker/Owner of Your Home Sold Guaranteed Realty, sharing insights to help buyers and sellers make smarter real estate decisions in Central Florida.
To get in touch with Laura, call 407-566-2555.