Stressed buyers and renters desperate for a home can make rash decisions – and scammers know that. Escrow wire-fraud scams can destroy a buyer’s dreams only moments before a closing, but Fla. A.G. Moody also focuses on rental, loan-flipping and foreclosure relief scams.
Tiny Newby can advertise her listings by showing off their kitchens, and she does that by actually cooking in them with the videos posted on her Facebook channel.
Lots of Americans who could buy a home choose to rent instead, notably many with incomes in the $120K-$150K range. They view the higher cost mainly as a convenience fee.
The association representing private mortgage insurers (PMI) says the average Fla. buyer has a credit score of 739, a $58K annual income and buys a median $310K home. In 2020, 55% of Fla. first-time buyers relied on PMI to make down payments of less than 20%.
The bill, if signed by DeSantis, would add new limitations to the way local governments can levy impact fees – which pay for infrastructure needs – on new developments.
As the office market decides how and when employees will return, the employees themselves may pose an unexpected challenge: 39% say they’ll quit if forced back full-time.
Some agents avoid rentals because they pay less than home sales., but, beyond steady income, landlords and renters can become leads when they’re ready to buy.
Aerial photography is becoming more common in real estate listings – even for interior shots – and new FAA rules may allow drone use in even more locations.
More owners install solar panels as costs drop, and in Calif., they’re mandatory for new construction. One day, buyers will probably expect every listing to have them.
Listing shortages lead to some disconcerting behavior. Sellers have tremendous leverage in this intense seller’s market, but the Code of Ethics applies during all types of markets. Still, a handful of listing agents take advantage, simply because they think they can get away with it.