Budgeting is often thought of as a bad word. I know it my household it rarely gets used. But why is it that we all tend not to do Monthly Budgets. Fear: We are afraid of the truth…that this pay check to pay check lifestyle is actually not sustainable. (But I have been doing it […]
You are buying a house or condo in Fort Myers, Cape Coral, or Bonita Beach Florida, and you are wondering; “what will I be signing at closing table?” I mean the real estate process is scary and then even more intimidating when getting a loan, it all boils down to the “closing table.” Here […]
Understanding your home mortgage: Data based on $200,000 Purchase Price, $20,000 down payment resulting in: 30 year, $180,000 home loan at 5.5% Interest (no taxes or insurance are taken into consideration in this article, and there is no PMI). Your monthly Loan Payment will be $1022, multiply that by 360 payments (30 years) = $367,920 […]
Knowing the Rate of Absorption also indicated by months of Inventory is a helpful indicator of the Real Estate Market. Is it a “buyers” market, with inventory levels exceeding 7 months. OR is it a “sellers” market with inventory levels under 6 months which is equivalent to homes selling faster than hot cakes at McDonalds. […]
Knowing the current mortgage rates will help you be able to estimate properly your monthly expenses for owning a particular home as well as helping you know that amount of money you will need to bring to the table at closing. Also helps you negotiate your interest rate down with the mortgage broker you are working with.
Whether you are a first time home buyer or a seasoned veteran of buying homes; here are some things to consider when working with local builders and home contractors in Cape Coral, Fort Myers, Lehigh Acres, Bonita Springs and Lee County Florida. General issues to consider prior to entering a contract for new construction are: Construction Time Frames, Deposits, Change Orders, Inspections, Draw Orders…
National Housing Numbers Rebound and Lee County Home Values increase over 30% year over year in August, 2012. Good news from the association included the higher selling prices of traditional homes that helped boost the area’s overall median price, an increase of 30.9 percent in August to $127,000 from $97,000 a year ago. It was the sixth month in a row that the median price has been above $125,000.
“The market indicators are up in Southwest Florida,” said Marion Briggs, association president, in a statement about the local numbers. “For the past six months the median price has remained above $125,000, due largely in part to the fact that traditional properties have been the majority of our single home sales, which is very good news.”