Real Estate Insider Blog
Showing 1-4 of 4 articles.
The last two years have seen the U.S. real estate market gain a remarkable amount of traction, surprising optimists and naysayers alike. Several important metro housing markets made impressive strides in 2017, confounding skeptics who predicted that runaway housing prices in some major cities would lead to diminished interest from prospective home buyers. Commercial construction meanwhile continues unabated in several regions of the country. In this commentary we'll look at the drivers behind the strength. I'll also explain why I believe 2018 will be the big coming out party for the real estate sector.
Purchasing Clearwater area real estate isn't difficult if you know what type of property you want to buy. Before you start looking at properties, you need to decide whether you want a condo, townhouse, or a villa or if either one will do. It pays to learn the difference between these three property types before you start looking at all the available Clearwater real estate, especially when housing inventory is so low right now.
When you purchase a condo, you're purchasing one unit in a larger building. You own the unit that you live in and are required to pay condo association fees to help maintain the common areas of the property. Owning a condo is ideal for anyone who enjoys apartment-style living, but doesn't to rent.
Townhouses are slightly different than condos. In most cases, townhouses have several floors, and when you own a townhouse, you own the interior and exterior of your unit. Some townhomes even come with a garage. Basically, when you own a townhouse, you have a home with similar features to a free-standing home, but at least one wall is shared with your neighbors. Like condo owners, townhouse owners are typically responsible for paying a monthly maintenance fee to keep the property in tip-top shape.
If you're looking for a vacation home, you might want to consider purchasing a villa. Many villas sit on larger properties and usually have larger interior space than condos and townhomes. They are typically lavish homes that...
Single parents can do very well raising their family. And, home ownership is readily available and possible in many situations. If you are thinking about the opportunities and benefits of buying a home as a single parent, there's a lot to plan for. Before you make that move and buy a home, consider these key factors first.
Every situation is different. However, if you plan to buy a home as a single parent, you'll need to consider your individual needs very carefully. Work with a local real estate agent that really does understand your needs and the overall scope of...
The Clearwater Housing Market is Heating Up
This is good news for sellers but buyers need to consider their home buying options now to avoid being priced out of the market. For Clearwater home buyers it’s time to get off the fence and actively explore your options today.
January 2016 has seen a National Average of 5.4% increase in home values and Clearwater is ahead of the trend. Of course our beautiful weather helps but the low home inventory has produced a much larger demand for available homes. Rather than see this as a negative, home buyers should look at the advancing home values as an opportunity to get into the market at the “perfect time.”
“But if it’s a seller’s market then shouldn’t I wait to buy?”
Not necessarily, while there are conditions which makes it appealing for sellers to enter the market, buyers have good reasons to buy as well. It’s really more of a balanced market right now. The natural reaction of sellers to the rising home values is to list their homes for sale. As we get into the Spring Selling Season in Clearwater, we can expect to see inventories rise as well. This is a critical point if you are trying to save money.
Buyers have a real incentive to purchase a new property right now since interest rates have fallen since the beginning of 2016 and not likely to keep falling. As of April 8, 2016, interest rates are down 8 basis points over last week to a national average of 3.38%....
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