Shopping for a new home is stressful. This is especially true now, as houses seem to be flying off the market. Homes are quite frequently even being sold for more than asking price. Key aspects are often overlooked in the race to obtain the property of your choosing. Here are three important things to make sure you do not overlook when home shopping.
Courtesy of FloridaRealtors.org, this infographic highlights how a real estate transaction works.
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.
