Hunting for a new home online is a great place to start your search, but it should not be your end all be all. Good listing agents are excellent at highlighting the best features of the home, but keep in mind there may be more than meets the eye. To make the most of your time and efforts and gather a well-rounded picture of home listings online, keep the following three things in mind.
We saw mortgage interest rates drop again in the last 30 days. The recent change will save new borrowers another $3 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 2.65% as of this week. Last month at this time, they were sitting at 2.71%. Of course, both are historically low.
Congratulations to our sellers in Clubside at Country Club East! Their lovely home is in contract after just coming to market.
The local market for condos and townhomes has not changed materially from last month. However, when compared to last year at this time, the market favors sellers across all price points in both Sarasota and Manatee counties.
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.