Parents in Florida will often take bold steps to provide for their children. A Realtor.com survey found that 78 percent of respondents gave up items on their housing wish list to live in a good school district. Among the most common amenities that buyers passed up included garages, updated kitchens and outdoor living space. Respondents also commonly said that they bought homes with fewer bedrooms to be near quality schools.
There are currently 44 million Americans who owe a total of $1.5 trillion in student loan debt according to the website Make Lemonade. However, some in Florida and throughout the country may doubt whether or not they can buy a home while carrying such debt. The good news is that student loan borrowers may be able to qualify for a home loan. This can be especially true for those who have a credit score of 750 or more.
Florida residents who are interested in starting a business may be concerned about securing an ideal commercial location. Getting financing is an important part of obtaining commercial real estate. Prospective business owners should understand where they should go for commercial real estate loans and what to do to improve their chances of getting approved for one.
Individuals in Florida who are interested in buying a home may have to spend over six years to save up for a 20 percent down payment. This is a result of both higher rents and higher home prices throughout the country. According to an analysis by HotPads, it could take some people up to 30 years to save enough money to make a 20 percent down payment on a home.
Summer is a popular time to sell a home. Homeowners in Florida can take certain steps to entice buyers to give their property serious consideration. Having an open house is an effective method for giving prospective buyers an up-close look at a home. However, during the summer, it may be ideal to hold such events on days other than the weekend. For example, open houses that take place during rush hour may provide a more convenient opportunity for buyers to examine a home.
Those who are planning on buying a home in Florida should make use of contingencies and disclosures. When a buyer goes to an open house, the seller should provide a disclosure form that lists all the potential problems with the home. If there are known issues that aren't revealed, it may be possible to ask that they be corrected prior to closing.