The real estate market is in a beautiful place right now. According to Housing Wire, foreclosures are now at the lowest level since the housing market collapsed almost 10 years ago. In addition, interest rates remain low making housing more affordable for active buyers. Our lending laws, fortunately and for good reason, are more strict than they once were. However, the qualifying buyer with an FHA loan, has a 43% or less debt to income ratio, 3.5% down payment and a minimum credit score of 580. Even with a credit score lower than 580, buyers are not necessarily disqualified, but required to put down a larger down payment of approximately 10% or more. If you are considering buying a home but are "certain" you cannot qualify, meet with a lender, actually several lenders, to see if there are programs you may qualify for. Be sure to ask about down payment assistance programs in your area! If you're unsure of which lender to choose, contact a local realtor to ask for recommendations. The truth is, not all lenders are created equal. It may be quite astonishing to find out how very different they can be.
To the sellers, the one who holds the gold, we need more of you. Although inventory has increased, it is still short in many areas even with rising home sales. As a matter of fact, the National Association of Realtors say home sales have increased for the second consecutive month, 1.7% and 6% since April 2015! This is great news for our economy as sellers are seeing a larger return, although some not fully recovered, and buyers are able to purchase homes at some of the lowest interest rates in years. This is not to say that pricing will continue to rise or even interest rates will stay low, but as of right now we are in a great place across the country.
Author:Danielle Lower Phone: 727-254-8194 Dated: June 17th 2016 Views: 453 About Danielle: ...
About Sandy Hartmann & Associates Real Estate Team of Tampa Bay FL
Sandy Hartmann & Associates Real Estate Team, your Tampa Bay Real Estate source, has been helping home buyers and home sellers in Tampa Bay, FL since 1979. We deliver a brand of real estate services based on integrity and years of expertise that is unmatched. We are the #1 Keller Williams Real Estate Team in Tampa Bay and we are ranked in the top 1% of Realtors Nationwide. In 2017, we sold over 69 million dollars in homes!
Selling a Home? We use some of the most cutting edge global marketing technology available to get homes sold fast, for top dollar in the Tampa Bay area. As a Keller Williams Luxury Real Estate Agent and as a Global Property Specialist, your home listing will appear on real estate websites in not just the United States, but around the world, in multiple languages. That's right, GLOBAL EXPOSURE.
Buying a Home? 1st Time Home Buyer? Looking for an Investment Property? Sandy Hartmann & Associates will help you find the perfect home for sale at the best price, while easing your anxiety and guiding you to a successful home purchase.
Our real estate team was founded with the vision of becoming the real estate team of choice in Pinellas County & Tampa Bay, FL. That means always putting our customer's needs first, and having the integrity to do the right thing, every time. Come find out why Sandy Hartmann and Associates is the #1 Real Estate Team in the City of Seminole, #1 in the City of Largo, and the #1 Keller Williams Team in Tampa Bay.
It's quite a legacy. One we are proud to be a part of.
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