When purchasing a new home, it is important to do research on all facets of the homebuying process. One thing you will need to understand is how to best protect yourself and your investment if anything were to go wrong. The information below explains homeowner’s insurance and home warranties to help educate yourself on your options. Please keep in mind that they are not an either-or choice. Both types of protection can be immensely helpful.
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.
While the luxury single family home markets ($1M+ homes) in both Sarasota and Manatee counties are buyer’s markets, they are both significantly better now for sellers than they were last year at this time.
Unfortunately, our homes do not always grow with us. What may have initially worked fine for a single person, a young couple’s starter home, or a family with a newborn can quickly become too small as families expand and multiple generations live under one roof.
We saw mortgage interest rates drop again in the last 30 days. The recent change will save new borrowers over $8 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 2.88% as of this week. Last month at this time, they were sitting at 3.03%.