Real Estate
Knowing the Right Time To Sell Your Home
Listing your home on the market is similar to booking a flight or playing the stock market. Like those two scenarios, in the housing market you never really know what the future entails. With the housing market making a recovery, many people are taking this time to list their home. There are always risks that you take when you put your house on the market though. Home prices could continue to rise and you sold your house too soon. On the contrary, after selling your home, the prices could go down, thus you maximized your profits. The bottom line is, knowing when the right time is to sell your home. Several factors go into the selling decision other than just price. You have to consider your current financial situation and whether your credit is in good shape. Other factors can include neighborhood and location as well as what the current housing market will mean for purchasing your next home. In the end, the decision ultimately comes down to what is best for you and your family. At the end of the day, only you know when the right time to sell your home is. For more information on home listings in Admirals Cove, contact Rob Thomson and the rest of the Admirals Cove team at (561) 743-0344 or...
read moreHome Buying Tips You Might Not Know
You already know things like you need to get pre-approved for a loan and that you should hire a realtor in your market. Here are some home buying tips that you might not already know to find the perfect home in Admirals Cove. Bigger isn’t always better- It’s ok if you want to buy a big house, but bigger isn’t always better. The value of the biggest house in the neighborhood doesn’t always increase at the same rate as the smaller houses do. The biggest home in the neighborhood actually raises the home value of the other homes in the neighborhood. Watch for undercover costs- Many people purchase a home thinking that their monthly mortgage payments can be the same as what their rent payment was. The problem with that, is that there area costs that are not accounted for in the mortgage. Closing costs, property taxes, homeowner’s insurance, homeowners’ association dues, and home repairs are some of the most common expenses that aren’t factored into the monthly mortgage costs. Don’t obsess over the market- While it is smart to know what the current market is doing, you don’t need to obsess over it. The best time to buy a home is when you are ready and when you have the means to purchase it. While you might be able to save a little money later on, the interest rates might not be as good. As a result, you shouldn’t obsess over the market. For more information on home listings in Admirals Cove, contact Rob Thomson and the rest of the Admirals Cove team at (561) 743-0344 or...
read moreBest Renovations That Make Your Home Sell
While most home renovations bring a decent return on investment, some are better than others. When people are shopping for a home they tend to be more concerned about big ticket items more than little cosmetic things that can be easily fixed. Here are some of the best renovations that will make your home sell in Admirals Cove. Kitchen- A renovated kitchen is one of the best things that cane be done when it comes to return on investment. Buyers love to see updated appliances so when considering a renovation that will get your buyer’s attention, the kitchen is the way to go. Big ticket items- While the big ticket items aren’t usually the first thing to catch a prospective buyers eye, they are just as important as the more flashy items. People want to be able to move into the home and not have to worry about shelling out a lot of money for major work, especially after paying for the down payment and closing costs. The HVAC system and roof are the two biggest of the big ticket items that you want to make sure are in good shape. Go green- Many buyers these days want to move into a green home. Installing high-efficient upgrades will not only make your home sell faster but for a higher price as well. For more information on home listings in Admirals Cove, contact Rob Thomson and the rest of the Admirals Cove team at (561) 743-0344 or...
read moreHow Mortgage Rates Affect the Housing Market
The number of people trying to buy for a home keeps increasing every month due to two huge factors. First, home costs are still comparatively cheap, and second, mortgage interest are still near all-time lows. But, because the demand for home ownership continues to grow, home prices and mortgage rates continue to rise. It’s clear that interest rates have an effect on home buyers. However, they also have an effect on the sellers as well. That’s why it is important for everybody to keep an eye on what rates are doing. On a $200,000 loan with a 30-year, fixed-rate mortgage, an interest rate increase of just 1% can add nearly $1,400 in annual costs and $42,000 over the life of the loan. That’s why real estate experts say the time to buy is now. However, for many buyers, that is easier said than done. There are so many people that want to buy right now that the increase in buyers have led to bidding wars, with many homes selling for more than the original listing price. As long as this continues, sellers will maintain control of the market. However, with mortgage rates on the rise, some prospective buyers are choosing to bail out and stop pursuing a home. As home prices and interest rates increase, the idea of buying a home becomes less attractive to some consumers, especially if they keep losing in bidding wars. This is why mortgage rates are so important in the housing market. They don’t just affect the buyer trying to get the mortgage, they affect the seller as well. For more information on home listings in Admirals Cove, contact Rob Thomson and the rest of the Admirals Cove team at (561) 743-0344 or...
read moreHow Lenders Make Sure You’re Mortgage Worthy
When the housing market crashed several years ago, banks learned the hard way that they needed to be a little stricter when it came to approving mortgages. Borrowers started defaulting on the loans and it left the banks scrambling. As a result, banks have become much more conservative when it comes to approving a home loan. So how do banks determine if you are mortgage worthy in the new housing market? Well, they start off by looking at your credit score and your debt-to-income ratio. By doing this, they can determine whether you are a person that they want to loan their money to. The debt-to-income ratio tells the banks how much you can realistically spend on a mortgage each month, while the credit score tells the bank how you have historically handled your money. For more information on home listings in Admirals Cove, contact Rob Thomson and the rest of the Admirals Cove team at (561) 743-0344 or...
read moreBest Ways To Land a Luxury Home
In this new housing market, there is a lot of competition from prospective home buyers. With the competition it can make it difficult to purchase a home, especially a luxury one. Here are some tips to help you get the luxury home you have been looking at in Admirals Cove. Be aggressive- Once you find that luxury house that you are interested in, be aggressive with your initial bid. If you go to low on the initial offer, the seller might not consider you for the home. It’s a good idea to make an offer that is close to the asking price. Be prepared- If you want to get the seller’s attention, come to the table ready to buy the home. Make sure that you are already pre-approved for your home loan that way you can prove to the seller that you can purchase the home. It also helps if you already have a closing attorney picked out and ready to go. For more information on home listings in Admirals Cove, contact Rob Thomson and the rest of the Admirals Cove team at (561) 743-0344 or...
read moreAdvantages To Performing an Energy Audit
If you have ever felt a breeze coming up from your door or have had an open air vent that didn’t blow out much air, then chance are your home has wasted energy. An energy audit is a way to make sure that your house is not wasting energy. Here are some reasons why it is a good idea to have an energy audit performed on your home in Admirals Cove. Saves money- While getting an energy audit will cost you money, the audit will pay you back over time. After all, wasted energy is wasted money. Many energy audit companies provide a savings calculator on their website so you can figure out exactly how much you are spending and how much you will save in the long run. Add value to home- Most home buyers want to know about energy use so they can figure out the monthly costs. Having energy efficient upgrades done as a result of the energy audit will immediately add value to your home. For more information on home listings in Admirals Cove, contact Rob Thomson and the rest of the Admirals Cove team at (561) 743-0344 or...
read moreHow To Decide Where To Live
Finding a new place to live can be a very tough and stressful decision to make, especially if you are in a new marriage and it is your first home purchase. You and your spouse can have different ideas on what constitutes as the “perfect home”. Here are some ways to help in that decision making process and find the perfect Admirals Cove home. Communicate- One of the keys is communication. Talking about things like proximity to work, what is important to you in the home, and how much you want to spend are key components to deciding on where to live. Compromise- You are not always going to agree on everything, which is why it is important to compromise. By compromising, both people feel as though they are getting what they want. Creating a list and making note of what things you are willing to compromise on will make the process easier. For more information on home listings in Admirals Cove, contact Rob Thomson and the rest of the Admirals Cove team at (561) 743-0344 or...
read moreMoving Tips To Help Your Children
Moving into your home in Admirals Cove can be an exciting time. It can also be a complicated and stressful time, especially for children. For most children, the home you are moving out of is the only house they have ever known. Here are some helpful tips on helping your children with the big move. Communicate your move- Children might like surprises, but chances are a move is not a surprise they will like. After making the decision to move, call a family meeting and explain the reason for the move. Most importantly, encourage them to express their feelings about the move. Get your children involved- Allowing the children to get involved in the moving process makes them feel like they are an important part of the process. Let them pack their belongings or go through and pick out what they want to take to the new house. For more information on home listings in Admirals Cove, contact Rob Thomson and the rest of the Admirals Cove team at (561) 743-0344 or...
read moreMaximizing Your Closet Space
No matter what type of home in Admirals Cove that you live in, the amount of closet space you have to work with never seem to be enough. Learning how to manage the closet will allow you to fit more things in an organized fashion. Here are some ways to maximize your closet space. De-clutter the closet- Everyone has items in the bedroom closet that does not need to be in there. By taking everything out of the closet and deciding what should be in there and what shouldn’t you will clear up more free space for the things that need to be in there. Plus it is a great way to get some spring cleaning done! Invest in storage options- Storage options such as shoe holders, baskets, and shelf dividers can work wonders when it comes to making more space in your closet. Consolidate- Consolidating things like ties and belts and putting them on a hanger can free up space and make your closet much more organized. Stacking similar types of clothes on the same shelf will also leave more room for more items to be stored. For more information on home listings in Admirals Cove, contact Rob Thomson and the rest of the Admirals Cove team at (561) 743-0344 or...
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