Owning beats Renting in Florida

July 28, 2017

LOS ANGELES – July 27, 2017 – Arizona, Nevada and Washington, D.C. are among the 11 states where it’s more affordable to rent than it is to buy a home. But owning a home still beats renting in Florida, according to a study by website GOBankingRates.

GoBankingRates surveyed all 50 states and the District of Columbia, and identified which states are best for buying a home and which are better suited for renting. For the cost of owning, the study assumed a 20-percent downpayment on a 30-year fixed loan.

In Florida, homeowners have the advantage. They GOBankingRates study found that the average monthly rent of $1,543 is $167 higher than the cost of an average monthly mortgage of $1,376. The difference amounts to about $2,000 per year that the average Florida family would save by owning rather than renting, though actual savings would differ by metro area and other variables.

 


Sink Hole Concern?

July 1, 2017

Are you wondering if there are any sink holes near your home?

A great site to check out the History of Sink Holes and other Natural Catastrophies in the vicinity of your home can be accessed by clicking this link:

http://www.plotscan.com

Celebration is Sink Hole Free!!


Windsor at Celebration

June 2, 2017
Office Located at 715 Bloom St., #140
Celebration
Developer/Owner Big Rock Partners announced that preleasing of its 239 independent living, assisted living and memory care residences began on June 1st.
Windsor at Celebration is on track to open in Spring, 2018.
Resort-style amenities will consist of the building’s rooftop sky bar to enjoy views of Disney fireworks nightly and first-run movies in the community’s state-of-the-art, stadium style Screening Room.
As a rental alternative to traditional continuing care retirement communities, Windsor at Celebration does not require an up-front entrance fee.
Life Care Services, an LSC Company, is manager of the new community.
Designed by global architectural firm Gensler, the community’s plan promotes an engaged lifestyle and offers an array of choices for dining and entertainment.

Assisted Living coming to Celebration

May 17, 2017

Celebration will welcome assisted living in March 2018.

Windsor at Celebration is the Assisted Living Community currently under construction on Celebration Blvd. in Celebration Florida.

See the model photos to get an idea.

Call Imagination Realty for more information, 321-939-1300.

 


New Luxury Enclave

April 18, 2017

The first two model show-homes are complete! Central Florida’s newest enclave featuring in-home spa services and extra kitchens geared for catering is a reality through the Four Seasons Resort.

These are the country’s first single family homes affiliated with Four Seasons, according to Walt Disney World.

Buyers in the new neighborhood may use the resort’s golf course, clay tennis courts, adult-only and family pools, lazy river, water slides and weekly “dive-in” movies. They may dine at the resort’s six restaurants or book in-home catering and spa services.

Like other residents of Golden Oak, Four Seasons home buyers also can use the Summerhouse club with its concierge services, lounge, fitness center, restaurant and entertainment rooms.

All buyers become club members and the annual dues are $16,889. Homeowner association dues cost $24,514 for Four Seasons Residences, compared to $5,735 in most neighborhoods within Golden Oak.

 


Thinking of Moving Up or Listing Your Home?

March 10, 2017

NEW YORK – March 9, 2017 – Borrowers are getting spooked by rising mortgage rates and, as a result, rushing to lock in rates before any further increases. That, in turn, is pushing mortgage application volume higher – increasing a seasonally adjusted 3.3 percent week over week, the Mortgage Bankers Association reported Wednesday.

More buyers are also turning to adjustable-rate mortgages (ARMs) to try to get more savings in their monthly payments too.

“Mortgage rates increased last week as remarks by several key Federal Reserve officials strongly signaled a March rate increase,” says Joel Kan, an MBA economist. “This was further supported by a few solid economic data releases, including GDP, inflation and manufacturing gauges.”

The 30-year fixed-rate mortgage increased to 4.36 percent from 4.30 percent the previous week, the MBA reports; and the share of ARMs reached its highest level of mortgage applications since 2014. The average loan size for purchase applications also reached a survey high of $313,000.

Refinance volume was up 5 percent last week. Applications for home purchases rose 2 percent higher for the week and, and they’re about 4 percent higher than a year ago.

The MBA says mortgage volume remains 18 percent lower compared to the same week a year ago. Volume is mostly lower from a year ago due to a significant decrease in refinance applications from a year ago when interest rates were lower. Refinance volume is down 34 percent annually.

Source: “Borrowers Rush to Beat Rising Rates, Pushing Mortgage Volume 3.3% Higher,” CNBC (March 8, 2017)

© Copyright 2017 INFORMATION, INC. Bethesda, MD


86% of buyers don’t know what a CLUE report is. Do you??

November 21, 2016

WASHINGTON – Nov. 16, 2016 ­– Homebuyers often shop around for the best rate on a homeowners insurance policy, but 86 percent of Americans don’t realize that the policy amount is based, in part, on the home’s claim history.

Sellers who make too many property insurance claims could harm future buyers, yet most buyers are unaware that actions take by a home’s previous owners may be considered when an insurance company sets a premium under their new policy.

Many insurers use CLUE – an acronym for Comprehensive Loss Underwriting Exchange – to report and check the claims history of homes. Yet, only 12 percent of buyers say they ask for a CLUE report before buying their current home, according to a new survey of more than 1,000 adults by InsuranceQuotes.

“Consumers of all ages, from millennials to seniors, are almost entirely unaware of how the CLUE database affects their insurance rates,” says Laura Adams, senior insurance analyst at InsuranceQuotes. “In most states, an inquiry about property damage can be added to your CLUE report and used against you, even if you never file a claim.”

Only the owner of a property can request a CLUE report. Homebuyers, therefore, need to ask sellers to obtain a copy on their own behalf.

“The CLUE report, which maintains data up to seven years, is a valuable tool for homebuyers because it reveals prior claims and potential risks,” Adams says. “It also helps home sellers provide full disclosure about their property’s condition.”

Homeowners can get a CLUE report free once every 12 months.

Source: InsuranceQuotes

© Copyright 2016 INFORMATION, INC. Bethesda, MD