Category: For Buyers
For those who don’t live and breathe real estate, it is often a mystery how Realtors are paid. Those who are buying or selling a home may wonder to themselves, “how is my real estate professional compensated for their services?” The answer and the break down are rather simple in most cases.
The Tallahassee real estate market is strong. Homes are selling quickly and home values continue to rise. A true seller’s market; this is a great time to sell your home in Tallahassee. Currently, homes and properties in the northeast corridor of Tallahassee are especially popular. Those selling your home in Killearn Estates, Killearn Acres, or Arbor Hills can rely on the Property Finders Team to sell your home quickly and for top-dollar. Recently, one of our listings in 32309 sold after only one week on the market!
FHA Mortgage – Offers low down payments and is backed by the U.S. Government. –
USDA Mortgage – Zero down payment mortgage available in rural areas. –
Conforming mortgage – Mortgages which meet the guidelines of Freddie Mac and Fannie Mae offer down payments as low as 3%.
The first step to buying any home is financing. Knowing what you are able to afford is essential when searching for a home suited to your individual needs. With so many financing options available, it can be confusing. Every buyer wants to know that they have done the right thing and have chosen the best possible financing option for their particular situation.
In the last week, long-term U.S. mortgage rates fell to the lowest level since May 2013. Driven by the shifting financial landscape in Europe, the 30-year fixed rate is close to its all-time low of 3.31 percent in November of 2012.
Let’s imagine you have a very specific location in mind; A dream neighborhood. The catch is that every home in that neighborhood is well above your price point, except one. It needs a new roof, some HVAC work, and definitely some new paint. However, you do not have enough cash-on-hand to make all of the needed repairs. Do you need to walk away from this home?