post-image-0

Buying a home in Orlando or Davenport, FL? Before you make an offer, you need to know what you are actually bringing to the closing table. Most buyers budget for the down payment and stop there. But in Florida, closing costs on a $380,000 home can add anywhere from $7,600 to $19,000 on top of that number. And several of those fees are ones your lender may not walk you through until the day before closing. In our latest video, we break down the top 10 fees every Florida home buyer needs to know, including: Loan origination and lender fees Appraisal and home inspection costs Doc stamp tax and intangible tax on your mortgage Title search and title insurance Prepaid interest, homeowners insurance, and property tax escrow HOA transfer fees and estoppel We also cover one of the most misunderstood facts in the Florida market: who pays for owner's title insurance depends on the county you are buying in. In Orange County, the seller typically pays. In other counties, that cost lands on the buyer. Knowing this before you negotiate can save you thousands. Watch the full video and read the complete breakdown at the link below. Ready to buy in Central Florida and want to know exactly what your purchase will cost from offer to closing? Let's talk.

View Post
post-image-1

What’s Happening - Inventory & Supply: The market holds a 6.23 months supply, with no change from last month but a 16% decrease YoY. - Price Trends: The median sold price is $350,495, experiencing a 1% decrease MoM, with active listings at $375,000. - Days on Market: Median days for pending listings is 45, while sold listings are at 54 days, marking a 26% MoM increase. Why It Matters - Market Timing Coordination: Simultaneously buying and selling requires strategic timing; stable inventory levels aid in planning. - Pricing Dynamics: Understanding price trends can help optimize both sale profits and purchase costs, ensuring balanced transactions. Now What 1. Review Local Inventory: With 1,351 active listings, explore options that align with your budget and needs. 2. Evaluate Timing: With an increase in days on the market, consider the timing of your sale and purchase carefully. 3. Consult a Professional: Leverage expert advice to navigate pricing and negotiation in this balanced market. Davenport offers attractions like Lake Play Park and proximity to major employers, enhancing lifestyle options for residents. For tailored advice on coordinating your buying and selling journey, contact MANNY BARRIOS - REALTOR at LPT Realty LLC, via email at manny@2mannyhomes.com.

View Post
post-image-2

Seller concessions in Davenport FL are one of the most misunderstood tools a seller has. Used correctly, they help you close faster and walk away with more. Here is how they work

View Post