Did you know that about 2/3’s of homes in the United States are mortgaged? It’s a big number. Even more surprising is that about 2.5 million homeowners in the U.S. still have negative equity. Negative equity, often referred to as being “underwater” or “upside down,” happens when borrowers owe more on their mortgages than their homes are worth.
Hurricane Irma is still disrupting local mortgage repayments. It has by no means reached a point where we should be concerned about another meltdown in our market, but the impact shouldn’t be ignored. Before the hurricane, our market was showing significant year on year downturns in mortgage delinquency rates and foreclosures. The mortgage market looked about as healthy as it could get. Thus, the real estate market looked the same.
The visual advantages of drone videos have impacted the way that homes are presented throughout the internet. Prospective home buyers often shop online first, so they expect high-quality photography and video in the online listing or they often won’t consider the home.
Whether you are buying your first home or your last home, there are several things you will do right and some things that you may get wrong. One of our jobs is to help minimize the things that you may get wrong. Here are some tips for making sure the next home you buy is a sound investment for you and your family.
I wanted to share this incredible listing we have in The Lake Club. If you are the market, but haven’t considered The Lake Club, you should. It lets you live your best life, with all the resources of a high-end resort for you to enjoy. Those resources include exclusive concierge services, a grand clubhouse, a private fitness center with state-of-art cardio and strength training equipment, a beautiful resort-style pool with dramatic waterfall features and a separate children’s pool. Further, a full-time activities director is available to create and oversee the array of culinary, wellness, enrichment, and signature events that is the hallmark of lifestyle in the club.