Angelika M. Schlieper

  REALTOR«, GRI, SFR, e-Pro

 

Florida Homes By Angelika

 

                          Call Me... and Start Packing!

 

(386) 846-7196

 

        Ich spreche Deutsch!    

                                                                     I speak German!

 


 

 

 

 

Are you dreaming to be a home owner?

If you can afford to pay rent, you can probably afford a mortgage.

Dear First Time Home Buyer:

Did you know that many renters like yourselves are now enjoying living in their own home, for less than they were paying in rent? Buying a home today is easier than ever before; although the buying process has change! 

7 Reasons to Own Your Home

1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.

2. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the NATIONAL ASSOCIATION OF REALTORS«. In addition, the number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.


3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.

4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

5. Predictability. Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase.

6. Freedom. The home is yours. You can decorate any way you want and benefit from your investment for as long as you own the home.

7. Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.

 

Take the plunge!

  There’s never been a better time to buy a home!

The housing market is on the mend in many parts of the country, but media reports about falling prices and foreclosures may still be making you hesitate before taking the plunge and buying a new home. The truth is this: There’s never been a better time to buy a home.

Low interest rates, a great supply of houses from which to choose, and motivated sellers are just a few of the reasons why now is a great time to buy. But there are many other advantages to owning a home, rather than renting.

Here are just a few:

First-time buyers
First-time homebuyers edged up to a 39 percent market share in the past year from 37 percent in the 2011 study. Long-term survey averages show that four out of 10 buyers are typically first-time buyers, who are critical to a housing recovery because they help existing homeowners sell and trade up.

The study shows the median age of first-time buyers was 31 and the median income was $61,800. The typical first-time buyer purchased a 1,600 square-foot home costing $154,100, while the typical repeat buyer was 51 years old and earned $93,100. Repeat buyers purchased a median 2,100-square foot home costing $220,000.

Downpayments
The median downpayment for all homebuyers was 9 percent, ranging from 4 percent for first-time buyers to 13 percent for repeat buyers.

“First-time buyers historically make small downpayments, but repeat buyers like to put down 20 percent if they can to avoid paying mortgage insurance,” Bishop said. “The general loss in home value since the peak of the housing boom means many repeat buyers in recent years had to make smaller downpayments. Fortunately, prices have turned up this year and are showing sustained increases, so we’re on the road to a recovery in home equity.”

First-time buyers who financed their purchase used a variety of resources for the downpayment: 76 percent tapped into savings; 24 percent received a gift from a friend or relative, typically from their parents; and 6 percent received a loan from a relative or friend. Eleven percent tapped into a 401(k) fund, and 6 percent sold stocks or bonds. Ninety-three percent of entry-level buyers chose a fixed-rate mortgage.

Forty-six percent of first-time buyers financed with a low-downpayment FHA mortgage, and 10 percent used the VA loan program with no downpayment requirements. Forty-two percent cut spending on luxury items to buy their first home, 35 percent cut spending on entertainment, and 27 percent cut spending on clothes.

Seventy-eight percent of recent home buyers said their home is a good investment, and 46 percent believe it’s better than stocks; 92 percent were satisfied with the buying process.
 


 

10 ways to land the home of your dreams

 

It’s still a buyers’ market—interest rates are historically low, available homes are abundant, and sellers are eager to sell. But if it’s a great time for you to buy, it’s a great time for everyone else too. How can you compete against other buyers and snag the home of your dreams?

  • Be decisive. Decide exactly what your dream house looks like. How many bedrooms and baths do you want? What location? This will help narrow down the possibilities faster.
  • Always consider a house’s potential. An older home that needs cosmetic updates, such as fresh paint or a new kitchen, may net a better price than one that’s newer.
  • If you can pay cash, you’re in the driver’s seat. Sellers like cash deals because they’re uncomplicated and close quickly.
  • If you need financing, get pre-approved. That’s “pre-approved,” not “pre-qualified.” Attach your pre-approval letter to your offer to show the seller you’re serious about buying—and financially capable of doing so.
  • Offer a high downpayment. The more you put down, the more attractive the deal to the seller.
  • Try to limit contingencies. You won’t want to waive your inspections or do anything foolish, but the fewer the contingencies, the more secure the seller will feel with your offer.
  • Stay on top of the market. New houses are listed every day. Your agent may even know of houses about to hit the market.
  • Prepare yourself for a bidding war by deciding ahead of time what your maximum offer will be.
  • Consider distressed properties, such as short sales and foreclosures. But remember that they may not be in tip-top condition—and that you may have to wait weeks or months to find out if your offer was accepted.
  • Most important, find a qualified agent who is familiar with your target area. That will save you a lot of time

By Editor/Century 21 on December 16th, 2010

  

Why You Should Work With a REALTOR«

Not all real estate practitioners are REALTORS«. The term REALTOR« is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS« and subscribes to its strict Code of Ethics. Here are five reasons why it pays to work with a REALTOR«. 

 1. You’ll have an expert to guide you through the process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes. 

2. Get objective information and opinions. REALTORS« can provide local community information on utilities, zoning, schools, and more. They’ll also be able to provide objective information about each property. A professional will be able to help you answer these two important questions: Will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell? 

3. Find the best property out there. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your REALTOR« to find all available properties. 

4. Benefit from their negotiating experience. There are many negotiating factors, including but not limited to price, financing, terms, date of possession, and inclusion or exclusion of repairs, furnishings, or equipment. In addition, the purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required. 

5.  Property marketing power. Real estate doesn’t sell due to advertising alone. In fact, a large share of real estate sales comes as the result of a practitioner’s contacts through previous clients, referrals, friends, and family. When a property is marketed with the help of a REALTOR«, you do not have to allow strangers into your home. Your REALTOR« will generally prescreen and accompany qualified prospects through your property. 

6. Real estate has its own language. If you don’t know a CMA from a PUD, you can understand why it’s important to work with a professional who is immersed in the industry and knows the real estate language.  

7. REALTORS« have done it before. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. And even if you’ve done it before, laws and regulations change. REALTORS«, on the other hand, handle hundreds of real estate transactions over the course of their career. Having an expert on your side is critical.  

8. Buying and selling is emotional. A home often symbolizes family, rest, and security — it’s not just four walls and a roof. Because of this, home buying and selling can be an emotional undertaking. And for most people, a home is the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay focused on both the emotional and financial issues most important to you. 

9. Ethical treatment. Every member of the NATIONAL ASSOCIATION of REALTORS« makes a commitment to adhere to a strict Code of Ethics, which is based on professionalism and protection of the public. As a customer of a REALTOR«, you can expect honest and ethical treatment in all transaction-related matters. It is mandatory for REALTORS« to take the Code of Ethics orientation and they are also required to complete a refresher course every four years.

 

 

 


 

Please contact me to give you any help

to find your perfect first home!

 

You can either email me at        century21angie@att.net  

 

or call me at                       (386) 846-7196 

 

or

 

 (800) 541-0844 ext. 113

 

 

                                                                                                                         

 

   

  mail to:     century21angie@att.net                  

         

           

 

 

 

  Copyrightę 2017   Angelika Schlieper   All Rights reserved

 

     

 

 

   

      

          

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