After creeping up a bit, we saw mortgage interest rates drop again in the last 30 days. The recent change will save new borrowers another $10 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 2.97% as of this week. Last month at this time, they were sitting at 3.17%. Of course, both are historically low.
Whether you are looking to buy, sell or invest in real estate, it is important to understand market conditions. Real estate is hyper-local, with market dynamics changing from subdivision to subdivision. However, county trends generally give you a good idea of what to expect.
Every realtor has seen it – a home that has so much potential but is not getting any offers because it is just poorly staged. It is a lot more common than you think. Staging your home to be more desirable to potential buyers is one of, if not the, most important things in the selling process. Here are some simple tips to beautifully stage your home cut down the time it is on the market.
The local market for condos and townhomes continues to be hot for sellers across all price points in both Sarasota and Manatee counties. Markets are generally considered in “balance” when there is about six months of inventory for sale at the current pace of sales.
The Sarasota and Lakewood Ranch area is known for many things, such as being a thriving hub for the arts, a lovely beach town, and a prominent retirement community in Florida. A large percentage of my clients are moving to Florida for the first time from up North. They aim to escape freezing cold winters and enjoy their retirement in the sun… and who can blame them? I visit my parents every winter for about two weeks and let me tell you, that is more than enough cold to last me the whole year. One of the first questions I ask my older clients is whether they are looking to move into a 55+ neighborhood.