For Buyers | | Page 15 of 44 | Davenport FL Mortgages

Is an Accessory Dwelling Unit Right for You? Here’s What To Know

Written by Davenport FL Mortgage Syndicated User on March 2, 2025. Posted in Buying Tips, Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Buyers.

Are you having a hard time finding the right home in your budget? Or maybe you already own a home but could use some extra income or a designated space for aging loved ones. Either way, accessory dwelling units (ADUs) could be the smart solution you’ve been looking for in today’s market.What Is an ADU?According to Fannie Mae, an ADU is a small, separate living space that’s on the same lot as a single-family home. It must include its own areas for living, sleeping, cooking, and bathrooms independent of the main house. And they can take shape in a few different ways. Fannie Mae adds, an ADU...

The Return to Urban Living — Why More People Are Moving Back to Cities

Written by Davenport FL Mortgage Syndicated User on February 20, 2025. Posted in Buying Tips, Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Buyers.

After years of suburban and rural migration during the pandemic, cities have been making a comeback in the past couple of years. According to the National Association of Realtors (NAR), the percentage of people moving to cities has risen to 16%. While that may not sound like a big number to you, it is the highest level in a decade – and that’s a big deal (see graph below):And data from BrightMLS seems to confirm this trend. In a recent survey, 1 in 5 (20.6%) people looking to buy say they want to live in the city.So, what’s behind this ongoing shift back to urban living? Let’s break down...

Why You’ll Love Owning a Home

Written by Davenport FL Mortgage Syndicated User on February 15, 2025. Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, First-Time Buyers, For Buyers, Infographics.

Some HighlightsOwning a home comes with many benefits, both non-financial and financial.From the sense of accomplishment and freedom of expression, to growing your net worth, it’s easy to fall in love with homeownership.What’s the top reason you’d love to own a home? Connect with an agent to come up with a plan that makes it possible.

Breaking Into the Market: Smart Moves for First-Time Buyers

Written by Davenport FL Mortgage Syndicated User on February 13, 2025. Posted in Buying Tips, Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, First-Time Buyers, For Buyers.

If you’re like a lot of aspiring homebuyers, there’s a major hurdle standing in your way — the cost of living. From groceries to gas, eggs, and just about everything else, prices have gone up. And that rings true for home prices, too.But even when everything feels expensive, there are still ways to make homeownership more than an item on your wish list. You may just need to think about where you plan to buy a bit differently.Think of Your First Home as a Stepping Stone One of the biggest misconceptions among buyers is that their first home has to be their forever home – or that it has to...

A Record Percent of Buyers Are Planning To Move in 2025 – Are You?

Written by Davenport FL Mortgage Syndicated User on February 12, 2025. Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Buyers.

This could be the year to sell your house – and here’s why. According to a recent NerdWallet survey, 15% of people are planning to buy a home this year. That’s actually a record high for this survey (see graph below):Here’s why this is such a big deal. The percentage has been hovering between 9-11% since 2020. This recent increase shows buyer demand hasn’t disappeared – if anything, it indicates there’s pent-up demand ready to come back to the market.That doesn’t mean the floodgates are opening and that there’s going to be a huge wave of buyers like we saw a few years ago. But this...

Home Price Growth Is Moderating – Here’s Why That’s Good for You

Written by Davenport FL Mortgage Syndicated User on February 11, 2025. Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Buyers, Home Prices.

Over the past few years, home prices skyrocketed. That’s been frustrating for buyers, leaving many wondering if they’d ever get a shot at owning a home. But here’s some welcome news: that whirlwind pace of home price growth is slowing down.Home Prices Are Rising at a Healthy PaceAt the national level, home prices are still going up, but at a much more moderate, normal pace. For example, in November, the year-over-year increase in home prices was just 3.8% nationally, according to Case-Shiller. That’s a far cry from the double-digit spikes that occurred in 2021 and 2022 (see graph...

Why Buying a Home Now Is Your Winning Play

Written by Davenport FL Mortgage Syndicated User on February 8, 2025. Posted in Buying Tips, Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Buyers, Infographics.

Some HighlightsYou may be sitting on the sidelines wondering if it’s better to buy now or wait. But buying before the spring rush may be a game-changing decision.?Moving this winter can give you significant advantages, like less competition, more negotiating power, and lower prices.If you’re able to buy now, stay ahead of the game and outrun the competition. To tackle your homebuying plans this year, connect with a local agent.?

The Perks of Buying a Fixer-Upper

Written by Davenport FL Mortgage Syndicated User on February 7, 2025. Posted in Affordability, Buying Tips, Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Buyers.

There’s no denying affordability is tough right now. But that doesn’t mean you have to put your plans to buy a home on the back burner.If you’re willing to roll up your sleeves (or hire someone who will), buying a house that needs some work could open the door to homeownership. Here’s everything you need to know so you can decide if this is the right move for you.What’s a Fixer-Upper?A fixer-upper is a home that’s livable but requires some renovations. Think cosmetic updates like wallpaper removal and new flooring or more extensive repairs like replacing a roof or updating plumbing.While...

Buyer Bright Spot: There Are More Homes on the Market

Written by Davenport FL Mortgage Syndicated User on February 5, 2025. Posted in Buying Tips, Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Buyers, Forecasts, Inventory.

The past few years have been challenging for homebuyers, especially with higher home prices and mortgage rates. And if you’re trying to buy a home, it’s easy to worry you won’t be able to find something in your budget.But here’s what you need to know. The number of homes for sale has grown a whole lot lately and that’s true for both existing (previously lived-in) and newly built homes. Here’s a look at those two bright spots for buyers right now and why they may make it a bit easier to find the home you’re been looking for.1. There Are 22% More Existing Homes for Sale Data from Realtor.com...

The Real Benefits of Buying a Home This Year

Written by Davenport FL Mortgage Syndicated User on February 4, 2025. Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Buyers, Home Prices.

Have you been wondering whether you should keep renting or finally make the leap into homeownership? It’s a big decision, and let’s be real — renting can feel like the easier option, especially if buying a home feels out of reach.But here’s the thing: a recent report from Bank of America highlights that 70% of prospective buyers fear the long-term consequences of renting, including not building equity and dealing with rising rents.Maybe you’re feeling that too — concerned about where renting might leave you down the road, but still unsure if you’d even be able to buy right now. The...

Category: For Buyers