Save Money in Going Green with Your Home

Are you also tired in spending month after month more money for power and water only to keep your home cool and your landscaping blooming and green? Then it is time for a change. Sit down and start your plan for the change.

Florida is a wonderful and sunny state with a mild breeze and some rain. That is what Mother Nature gave you and it is your turn to apply this natural resource to your home.

The sun offers you the opportunity to install solar panels on your roof. These panels are collecting the energy of the sunshine and transforms it into electricity. You can use this electricity to power your appliances in the home during the day time. That can already save much money, especially when you use energy efficient appliances.

Another easy fix in your home is to seal the windows and doors, so that the cool interior air cannot escape to the outside through these tiny spaces. And the insulation of your attic is also a good idea, especially when you have a flat roof or only a small pitch. The summer heat comes directly into your interior space and your A/C has to work harder to cool that air down.

These tips are hints in going green. You need help how to get started? We are here for you info@florida-informations.com

The sustainable housing recovery brings motivates Buyers

It took a long time to get to this point. The new construction had to wait for this strong market for seven years. The hope for this market development was already expected in the last year but the economy was not there yet.

This year the economy has a strong growth trend and that boost the consumer confidence. The low gas price and the new created jobs make it much easier for the consumer to concentrate on their next big goal: the own home.

Not only the first time home buyer are looking for homes but also the home owners, that lost their former home in the financial crisis, are back. Both buyer groups have in the today’s mortgage market good chances to get mortgage. The lenders know that they need these customers to grow in their mortgage sector and make it easier to apply for a loan.

However, to make the buyers happy there are also sellers necessary who are willing to sell. To get such a transaction quick and easy closed potential seller have to keep in mind, they need buyers who are able to finish the deal.

Therefore the seller have to avoid the following mistakes in their sale process.

The pricing of a home is very crucial. When the house is overpriced it will sit on the market without an offer. The longer the house is on the market the chances are decreasing to get the asking price. In average such home are closing below 90 % of the listing price.

Before a house is put on the market it should be in clean and fixed condition because every little flaw of the house will impact the sale price. As a seller you either have to give a price reduction or you have to fix in the home inspection discovered defects.

For questions in this matter you can reach us at andrea@florida-informations.com

Buying New Construction Homes

Not everybody likes to buy a home that is pre-owned by a seller. For these buyers a new construction home is the better solution. However, when buying a new construction home you as the buyer have to keep some important details in your mind when going on house hunt.

The developing company is the seller of the house and they offer their product – the home – based on the construction costs. That means that the material quality and the work that was put into to the construction dictates the price. This said it is highly unlikely that the builder will lower the home price when you -the buyer - enter into the contract. They will often give you some upgrades to the house and/or will pay some closing costs and that can be a good deal too.

When buying a new construction home you as the buyer make your decision based on the model home that you have visited. These homes often have upgrades that your house might not have because your house is not yet built and you decide during the purchase and building process what kind of upgrades and quality you want in your new home. Please do not forget, every upgrade comes with a new price tag and your starting purchase price may not be the end price of your new home.  Also make sure that every detail about your home upgrades and changes to the purchase contract are in writing so that you are on on the save side in case anything goes not straight during the construction period.

Sometime the home builder offers also the financing options in-house or with an associated lender. When taking the builder’s financing option into consideration, please make sure that you also check other lenders for affordable financing options. The builder's financing is not always the best for the buyer.

The most attractive deals in new construction housing sector you will get at the year's end or when the development is nearly fully finished because the developing company wants to close its books on this construction project and want to start a new project in a different neighborhood.

You want to buy a new construction home and do not know where to start, because these new construction developments are not on the internet? Contact us at andrea@florida-informations.com for assistance.

 

Vacation home purchases are the today’s market trend

Market studies show that the investment trend in the real estate has shifted from investment properties to vacation and second homes. This trend is not only popular in the super rich population but also in the ordinary middle class. The market share of these transactions is 21 % of all transactions and exceed the market share of the investment home purchases that have only 19 % portion of the real estate transactions.

The vacation home purchaser often buy their property in an average distance of 200 miles from their primary residence. The most preferred location for this type of retreat homes are with over 40 % beach areas while the country side homes are only 19 % and the homes in the mountains are only 17 % of the transactions.

Based on the strong economy the buyers are using mortgage for their vacation home purchase but the mortgages for these home are below 70 % of the loan ratio.  

You want to know more about this actual market trend? Our email address is andrea@florida-informations.com

55+ People are on the move

The time of waiting is over for these homeowners. The people that are 55 and older stayed in their homes during the last years. During the recession and the financial crisis the house lost a big portion of its market value. When you as a homeowner have a mortgage on your property that exceeds the market value of your home you would have realized that loss and maybe have jeopardized your retirement funds. In case you as a homeowner had already paid off your mortgage and you have only equity in the home it would have been wise to sell the home either because the sale proceeds would have been much less than today.

Now it is time to make the move and sell their property. The market statistics show that movement clearly. The home sales in this specific market segment have increased by 5 points to 58 % during the last year and it is expected that this trend will last.

However, when these elder people sell their homes they need to move to a different home – either a smaller single family home or a condominium. This movement creates a demand either for a purchase or for a lease of a property in a 55+ community.

This particular market segment is constantly growing. This demographic segment of retirees and pre-retirement increases because the people are much healthier and they live longer. The live expectancy is in average 79 years and is moving upwards. All these people need a home for this portion of their lives and that makes this senior market segment very attractive for developers that focus on elder people housing projects.

You want to know more? Please contact us at andrea@florida-informations.com

55+ Real Estate Market is strong and healthy

In the United States real estate market there is a specific market segment that addresses the needs of elder persons and this market is strong and growing during the last years. This trend is expected to keep an upward trend for the future.

The demographic development shows that the population is getting steadily older and the people live longer. The children have left the homey nest and have children of their own. The group I am talking about are active people who are turning 55 and are now eligible to live in the age restricted communities. Such a market segment is not in every foreign country known and you cannot compare these complex with nursing homes. The owner of such a unit is living an active life and often belong to the active workforce in the region.

The existing units in these complexes change often quickly from one owner’s hand to the next. Therefore this market segment becomes more and more interesting for new construction developments and the developers are exploring their opportunities in this market.

The available properties in these communities – that can be a condominium or a small single family home – are in comparison to other properties very affordable. The maintenance fees in these communities are moderate. The community complexes are mostly central located and have shuttle bus services to all important place in the municipality. In the 55+ community itself there are many amenities available that make the active life of its residents very pleasant. These communities have often entertainment centers with dancing events or music performance, tennis, golf and several pool areas indoor and outdoor and much more for everyone. 

When you are interested in such a unit you can contact us at
andrea@florida-informations.com  

Get ready for your new home in Florida

 

The economies in Florida and in other country are growing and producing the necessary income for the purchase of a primary home or a second home in one of the most desirable vacation areas: Florida.

 

The spot is not only interesting for locals but also for foreign buyers. There preferred buying area are the vacation spots Sarasota, Naples and Miami.

 

The huge property inventory during the buyer’s market is gone and now we have a seller’s market again. That means that the inventory is low and many buyers are competing for one home and may have to pay more as they expect for their dream home.

 

Even in this condition, the real estate market in Florida is still very attractive for the homebuyers in comparison to other countries. In Florida, a buyer can get a home for three times of the median income, a Chinese person has to invest 35 times his median income and a Brazilian has still 20 times the median income to pay for a home.

 

Every seriously interested buyer needs to get ready for the dream home in Florida. The market conditions are on the flow and each month the dream home will cost more money. The home prices are forecasted to increase by 5 % to 7 % in the next 12 months.

 

Therefore hurry up or your best chances will be gone!

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