We are continuing our series of articles discussing some aspects to consider when determining if you should rent or buy a home. Our previous articles covered numerous thoughts from our Orlando listing agents/Tampa listing agents/South Florida listing agents and buyers agents, including the fact that owning a home is an investment opportunity, offers more design flexibility, and also has some lifestyle benefits. Today, we will discuss more advantages of purchasing a home.

Stability

For many, owning a home offers a sense of stability and security. Home ownership commits you to a particular location, but the peace of mind knowing that you have a home of your own regardless of how the housing market and mortgage rates are trending is something that many find extremely appealing. Owning a home also allows you to build equity that can later be extracted and/or profitable should you decide to sell your home.

Future Plans

Locking yourself into a lease agreement could make it difficult to take advantage of affordable mortgage rates and/or prevent you from making an offer on your dream home that finally comes up for sale, etc. Additionally, leases often increase annually. A fixed rate mortgage ensures the principal and interest you pay does not change.

Deciding whether to buy or rent your next home is no easy decision, and it requires careful consideration of a variety of factors. Ultimately, it’s important to weigh your financial situation, your personal goals for the future, and your lifestyle preferences. Should you decide to jump into the market to purchase a home, your friends at One Percent Guys Full Service Real Estate Agents will be here to help. Our Tampa listing agents/Orlando listing agents/South Florida listing agents and buyers agents deal only in one percent real estate, which ultimately means more money back into your pocket. Give us a call to learn more about the one percent real estate difference today!

One of the biggest decisions for anyone looking for a new home is whether to rent or buy. This is ultimately not just a decision about the place you’re going to live but also about your financial future. While both options have pros and cons, renting and buying have different implications for your budget and lifestyle.

Purchasing a home is a big step. Your friends at One Percent Guys Full Service Real Estate Agents have compiled a list of some of the benefits you will enjoy as a home owner. Let’s get started:

No Rise in Rent

One big disadvantage of renting is that you are subject to rising rent rates. There is always a chance that the cost of rent rises beyond what you can afford, especially with what our Orlando listing agents/Tampa listing agents/South Florida listing agents are seeing happening to rental rates throughout Florida.

Investment Opportunity

Owning a home is a substantial long-term investment with significant benefits such as equity buildup, tax advantages, and property appreciation. As your home’s value increases over time, you will reap the benefits of being able to take advantage of home equity lines of credit and/or making money on selling your home should you decide to downsize or re-locate.

Our next article will cover more reasons to consider purchasing a home vs. renting.

One Percent Guys Full Service Real Estate Agents are the original providers of 1% real estate. Our Tampa listing agents/Orlando listing agents/South Florida listing agents and buyer’s agents stand ready to make your homebuying experience pleasant and memorable. Additionally, when dealing in one percent real estate, you are afforded many financial advantages to enjoy. Looking to buy or sell a home? Contact your friends at One Percent Guys Full Service Real Estate Agents today!

When it comes to purchasing a home, dealing with a one percent real estate professional from One Percent Guys Full Service Real Estate Agents can make all the difference. We are continuing our series of articles discussing aspects to keep in mind when purchasing a home. Our previous articles covered researching the location you wish to consider, knowing why the sellers are choosing to sell the home, the size of the home you are looking at, its current condition, insurance and taxes, and the neighbors. Today, we will explore two more aspects to consider when purchasing a home.

Weigh the Pros and Cons of an Older Home vs. New Construction

An older home can be a great option if you’re looking to save money. In today’s market, you can often get more square footage for your budget than you would with a new build.

New construction can be a great option if you’re looking for low-maintenance living. However, new homes can be more expensive than older homes, and you may have less negotiating power with the builder. The Orlando listing agents/Tampa listing agents/South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents can represent you if you choose to purchase an older home OR if you decide to go the new construction route.

Budget

The first step to determine your home-buying budget is to get pre-approved for a mortgage. Pre-approval gives you an estimate of how much you can borrow and helps you narrow down your home search to properties that fit within your budget. Keep in mind that pre-approval is not the same as final approval, which you will receive once you’ve found a home and made an offer. The Tampa listing agents/Orlando listing agents/South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents can help you find the perfect home to fit your budget.

If you want to save money on your new home purchase, One Percent Guys Full Service Real Estate Agents can help. We are the original providers of 1% real estate, which essentially means more money back into your pocket. If you are in the market to purchase a home, or want to sell your home, then we invite you to experience the one percent real estate difference. Give us a call today!

The Orlando listing agents/Tampa listing agents/South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents know a thing or two about purchasing a home. If you are selling with us, our Orlando listing agents/Tampa listing agents/South Florida listing agents know what features to highlight in your MLS listing and other forms of marketing. If you are in the market to purchase a home, we know what questions to ask and what you should look for as we guide you in your search.

We are continuing our series of articles covering some aspects to consider when purchasing a home. Our previous article covered digging deep into the location you wish to consider, looking into things such as proximity to work, school, restaurants, shopping, entertainment etc., whether the home is in a flood zone, and more. We also discussed the importance of finding out why the owners are selling the home. Today, we will look at two more aspects to consider.

Condition of Home

The condition of the home is very important. You must consider how much money you will need to put into the home to make it your own. Will you need to paint? Install new flooring? Update the appliances? While these are all good aesthetic questions to ask, you also need to consider any issues identified on an inspection report. Will the roof need to be replaced soon? Does the air conditioner have any issues? Are there any problems with the electrical or plumbing? Anything indicated on the inspection report must be considered.

Size of Home

The size of the home is also a major consideration. Are there enough bedrooms for everyone in your family now and in the future (i.e., new baby, mother-in-law, etc.) Do you need a space for a home office? Is there enough living space for you to be comfortable? Is the home too big? These and other questions can help you analyze whether or not the home is the right size for your needs.

Our next article will cover more aspects to consider when purchasing a home.

Whether you want to sell your home or are in the market to purchase a home, the 1% real estate pros at One Percent Guys Full Service Real Estate Agents are ready to serve you. Our Orlando listing agents/Tampa Listing Agents/South Florida listing agents deal in one percent real estate to help ensure more money goes back into the pockets of our clients. If you are planning to buy a home or sell a home now or in the future, we welcome the opportunity to meet with you. Give your friends at One Percent Guys Full Service Real Estate Agents a call today!

The Tampa listing agents, Orlando listing agents, and South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents are dedicated to making the home buying and selling process as easy as possible for our clients. One way we do this is by walking you through the mortgage application process.

We are continuing our series of articles discussing the documents you need to apply for a home mortgage. Our previous article covered how you will need to provide proof of income for the past two years via income tax documents, W-2’s, 1099’s, profit loss statements, and/or accounts receivable. We also discussed how you will need to provide a full list of any unpaid debts such as loans, credit cards, medical bills, etc.  Today, we will look at more information you will need to have ready if you plan to apply for a home mortgage.

Miscellaneous Documentation

There are a number of additional documents and documentation you will need when you apply for your mortgage. Some of these include drivers licenses and social security cards of all parties applying for the mortgage, bank statements, investment account statements, information on alimony and/or child support, documentation related to any other properties you own, rental history, and letters for any down payment gifts you receive.

Explanation of Credit History

If your credit is average or poor, be prepared to provide a written explanation of any issues revealed on your credit report, high balances, past-due accounts, etc. Be sure to disclose any possible issues to your real estate agent and mortgage broker as soon as possible.

One advantage to working with a 1% real estate agent at One Percent Guys Full Service Real Estate Agents is that you can receive a closing credit of 1% of your loan amount when you use our exclusive program through Quicken Loans. So, with our one percent real estate promise, you will receive a 1% rebate on the purchase price of your home AND a 1% rebate on the mortgage amount!  If you are in the market to purchase a home or want to sell your home, we can help. Give your friends at One Percent Guys Full Service Real Estate Agents a call today.