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Hunt Brothers Realty Blog

Thursday, July 19, 2018   /   by Hunt Brothers Realty

New Survey Finds Misconceptions About Down Payments Keeping People From Purchasing Homes

One of the main reasons people aren’t buying homes is they think they can’t afford it—especially the down payment. But, as it turns out, there are plenty of buyers out there who actually can afford to purchase a home, but their misconceptions about affordability are holding them back from making a move. According to a recent survey from lender Laurel Road, 53% of Americans are concerned about their ability to afford a home. But a lot of that concern is because they don’t know what their options are. A solid 58% of Americans surveyed said they planned to put down a 20% payment on a home, but 35% (and 46% of millennials) didn’t think they could afford to save that kind of down payment. But with alternative lending options, you don’t need 20% in order to buy a home! According to the National Association of Realtors, the median down-payment for first-time buyers is at 6%—significantly less than the 20% the majority of Americans believe th ...

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  for buyers, first time home buyers

Monday, July 02, 2018   /   by Hunt Brothers Realty

Buying This Summer? Be Prepared for Bidding Wars!

Summer is traditionally a busy season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on those buyers who are looking to purchase before the new school year. This year will be no different!
Buyers have already been out in force looking for their dream homes and more are on their way. The challenge is that the inventory of homes for sale has not kept up with demand, which has led to A LOT of competition for the homes that are available.
A recent article by the National Association of Realtors touched on the current market conditions:
“Realtors® in areas with strong job markets report that consumer frustration is rising. Home shoppers are increasingly struggling to find an affordable property to buy, and the prevalence of multiple bids is pushing prices further out of reach."
Realtor.com went on to explain why buyers are flocking to the market in such big numbers: ...

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  for buyers, move-up buyers, first time home buyers, housing market updates

Monday, June 25, 2018   /   by Hunt Brothers Realty

You DO NOT Need 20% Down to Buy Your Home NOW!

The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that the main reason why non-homeowners do not own their own homes is because they believe that they cannot afford them.
This brings us to two major misconceptions that we want to address today.
1. Down Payment
A recent survey by Laurel Road, the National Online Lender and FDIC-Insured Bank, revealed that consumers overestimate the down payment funds needed to qualify for a home loan.
According to the survey, 53% of Americans who plan to buy or have already bought a home admit to their concerns about their ability to afford a home in the current market. In addition, 46% are currently unfamiliar with alternative down payment options, and 46% of millennials do no ...

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  for buyers, first time home buyers, down payments, buying myths

Friday, June 22, 2018   /   by Hunt Brothers Realty

4 Reasons to Sell This Summer

Some Highlights:

Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!


Housing inventory is still under the 6-month supply needed to sustain a normal housing market.


Perhaps the time has come for you and your family to move on and start living the life you desire.


 

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  move-up buyers, for sellers, infographics

Friday, June 15, 2018   /   by Hunt Brothers Realty

Top 4 Home Renovations for Max ROI

Some Highlights:



Whether you are selling your home, just purchased your first home or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI).
Minor bathroom renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers.
Upgrading your landscaping or curb appeal helps get buyers in the door. These upgrades rank as the 2nd and 4th renovations for returns on investment.

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  move-up buyers, for sellers, infographics

Hunt Brothers Realty, Inc.
Licensed Real Estate Brokerage
630 South Orange Ave. #104 Sarasota, FL 34236
941-388-7017

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