BRIEF HISTORY OF MORTGAGE RATES

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Today’s potential buyers have been waiting for borrowing rates to come down before they purchase.

With the Fed’s resistance to lower the prime rate anytime soon, potential buyers are instead paying ever-rising rents when they could benefit from the tax perks of owning a home and instead of paying high rents to benefit the Landlord, they could be investing in themselves with that money. Here is a quick recent history of mortgage rates:

  • Oct 1981 – highest rates in history of 18.63%
  • 1990’s –the average rate was 10.13% but did dip to 6.49% in 1998
  • 2000’s – started out at 8.64%, the average in 2009 was 5.04%
  • 2010’s – the average in 2014 4.17%, 2019 4.94%
  • 2021 – rates lowered to historic lows 0% to 0.25% due to the Covid 19 Pandemic
BRIEF HISTORY OF MORTGAGE RATES

Today a credit score of 620 might get you a rate around 6%. And a person with a credit score of 760 might get a rate around 4%. So, is it wise to keep paying high rents when you could invest in yourself by owning a home? We believe it is wiser to invest in yourself and we are here to help you make it happen!

If you believe you need help getting your credit score up to get a better rate, we have a preferred lender who offers credit repair at no charge to you! Our preferred Lender has all the loan programs available and has in-house processing and underwriting for making quick closings happen for you! Even if you think you may not qualify for a home loan you may indeed qualify!! Your first step is to give Danielle at 1% Guys Tampa Bay a call to help you get started on your path to achieving your dream of home ownership!

Now is the Best Time to Purchase a New Construction Home!

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There are some great new construction opportunities right now, and your friends at One Percent Guys Full Service Real Estate Pros want to make your decision to purchase a new construction home even easier with our exclusive 2% rebate program. Yes, you read it right, a 2% rebate on a new construction home! This rebate will cover a large part, if not all, of your closing costs, thus saving you tons of money on your new home purchase.

If you already own a home and are thinking of selling so you can purchase a new construction home, we can help you with that as well. As we have discussed in previous articles, the seasonality of real estate can significantly impact your home sale. However, it’s also essential to review market conditions beyond seasonal considerations. Broader economic factors and the state of the housing market should also be considered. For example, a booming job market or dropping interest rates can attract more buyers and create a favorable environment for sellers.

Ultimately, partnering with a knowledgeable real estate professional such as the Tampa seller agents/Orlando seller agents/South Florida seller agents and buyer’s agents at One Percent Guys Full Service Real Estate Pros who have a deep understanding of local market conditions can help you navigate the complexities of timing and ensure your home sale is a success. It’s our job to advise you and help you along your home buying and selling journey! Our expertise, coupled with careful timing, allow you to proceed with confidence and make the most of the opportunities available to you.

The Tampa seller agents/South Florida seller agents/Orlando seller agents and buyer’s agents at One Percent Guys Full Service Real Estate Pros stand ready to help you with all of your real estate needs. We deal only in 1% real estate, which translates into more money back into your pocket.

Considering new construction? Don’t forget to read about our exclusive 2% rebate program for new construction homes. Allow us to represent you at no cost AND we’ll put extra money back into your pocket. Give us a call or explore our website to learn more about how One Percent Guys Full Service Real Estate Pros can benefit you today!

2% Rebate on New Home Builds in Tampa Bay

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One Percent Guys Tampa Bay just became the 2% Rebate Guys on New Home Builds in Tampa Bay!

One Percent Guys Tampa Bay just became the 2% Rebate Guys on New Home Builds in Tampa Bay

How can this help you? 

Well, for starters, this rebate allows for the builders’ incentives to either be used to buy down the rate of the home loan or be applied toward upgrades since a large part of the closing costs will be covered by our 2% rebate.

Builders offer anywhere from 10K to 30K in incentives to the buyer.

We will be giving the buyer 2% of the purchase price at closing, thus making the total incentives greater than the builder’s incentives alone.

Example

For example, if you purchase a new construction home priced at $550,000.00 with 20K from the builder in incentives, you can buy down the rate, ending up with a much lower than market rate. Thus, you will pay much less over the life of the loan and still have $11K of your closing costs covered by our 2% rebate. 

This new rebate program only applies to new construction homes.

If you are thinking of purchasing a newly built home from a builder, let One Percent Guys Full Service Real Estate Pros represent you. It costs you nothing AND puts extra money back in your pocket!

Planning When to Sell Your Home

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Tampa seller agents/Orlando seller agents/South Florida seller agents

Researching current local market trends and dynamics is vital in making an informed decision about the ideal timing to list your home. The Tampa seller agents/Orlando seller agents/South Florida seller agents at One Percent Guys Full Service Real Estate Pros can provide valuable insights into buyer demand, inventory levels, and pricing trends that may influence the best time to sell in your area.

We are continuing or series of articles discussing different times of the year to sell your home. Our previous article covered the fall months. Today, we will look at some advantages to putting your home up for sale in the winter.

Winter: The Season of Opportunity and Niche Markets

While winter is typically considered a slower season for real estate, it presents unique opportunities for sellers who are willing to take advantage of niche markets and specific buyer motivations.

Winter listings can target motivated buyers, such as holiday move-up buyers or corporate relocations. Some individuals may be relocating due to professional demands, while others use the holiday break to finalize their home purchase. By tapping into these niche markets, you may find buyers who are willing to act swiftly and may be less concerned about negotiating a lower price.

Furthermore, lower inventory during winter means less competition for sellers. With fewer homes on the market, your property could capture the attention of serious buyers who are specifically searching during this time, potentially resulting in a higher sale price.

Our next article will cover advantages of listing your home during the spring months.

One Percent Guys Full Service Real Estate Pros is here to help you with the home buying and home selling processes. We are the original 1% real estate firm, and our Tampa seller agents/South Florida seller agents/Orlando seller agents will ensure more money goes back into your pocket with our one percent real estate promise. We invite you to schedule a free consultation to learn more about the 1% real estate difference and how our one percent real estate promise can benefit you. Give us a call to connect with us today!

Pay Attention to This When Making and Offer on a Home

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We are concluding our series of articles discussing some aspects you should pay attention to when making an offer on a home. Let’s take a look:

Review the Contract Carefully Before Signing

When making an offer on a home, it is crucial to review the contract carefully before signing. Failure to review the contract carefully may lead to hidden surprises, misunderstandings, or even legal disputes. The Orlando seller agents/Tampa Seller agents/South Florida seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros will go over all contracts and paperwork with you before you sign.

Take Note of Contingencies and Deadlines

A contract typically includes contingencies and deadlines that can have significant consequences if not fulfilled. These may include an inspection contingency, mortgage contingency, or closing date contingency. Be sure to review these contingencies and deadlines thoroughly, understand them, and ensure that they are satisfactory before signing the contract. The Tampa seller agents/Orlando Seller agents/South Florida seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros can explain any contingencies and deadlines included in the contract.

Have a Backup Plan in Case Financing Falls Through

Even with pre-approval for a mortgage, financing may still fall through before the closing of the sale. It’s important to have a backup plan in case this happens. For example, you could explore other financing options or work with the seller on a lease-to-own agreement. A backup plan can give you peace of mind and prevent delays or even the loss of your dream home. Our Tampa seller agents/Orlando Seller agents/South Florida seller agents and buyers agents can help you explore the various financial options available to you.

If you are seeking to buy or sell a home, then one percent real estate is the most affordable way to go. The South Florida seller agents/Tampa seller agents/Orlando seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros only deal in 1% real estate and are exceptionally qualified to assist you in the home buying and/or home selling process. Give us a call to learn more about the 1% real estate difference today!

Don’t Make These Mistakes When Making an Offer on a Home

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Don’t Make These Mistakes When Making an Offer on a Home

We are continuing our series of articles discussing common mistakes to avoid when making an offer on a home. Our previous article covered not getting mortgage pre-approval and going it alone without engaging a qualified real estate agent. Today, we’ll look at two more pitfalls to avoid when making an offer as recommended by our Tampa seller agents/Orlando seller agents/South Florida seller agents and buyers agents.

Failing to Shop Comparable Properties

When making an offer on a property, it is essential to have a clear understanding of the local real estate market. Knowing the value of similar properties in the area can help you make a reasonable offer on a home. Research the sale prices of similar homes (size, features, etc.) in the area to get an idea of the home’s fair market value. Your 1% real estate professional at One Percent Guys Full Service Real Estate Pros can provide you with a list of comparable properties to help you make an informed offer and avoid overbidding.

Not Understanding Current Housing Market Trends

Before making an offer on a property, take some time to research the current trends in the housing market. This research can help you determine whether the current market is favorable to buyers or sellers. Keep an eye on interest rates, the unemployment rate, and other economic indicators that have an impact on the housing market.

Our next article will discuss more common mistakes people make when making an offer on a home.

One Percent Guys Full Service Real Estate Pros is the original 1% real estate firm with agents throughout the state of Florida to serve you. Our Orlando seller agents/Tampa seller agents/South Florida seller agents and buyers agents all deal in 1% real estate and are ready to work with you. If you are either buying or selling a home and want to save money, then give One Percent Guys Full Service Real Estate Pros a call today!

Avoid These Common Mistakes When Making an Offer on Your Dream Home

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Making an Offer on Your Dream Home

Making an offer on a dream home can be both exciting and nerve-wracking. It is essential to take your time and avoid common mistakes that can lead to buyer’s remorse. We are continuing our series of articles discussing some of the most common mistakes that home buyers make when making an offer on a property.

You can approach the process with more confidence and increase your chances of securing your dream home when you partner with One Percent Guys Full Service Real Estate Pros. Our Tampa seller agents/Orlando seller agents/South Florida seller agents and buyers’ agents are here for you. Our previous article discussed how not getting pre-approved for a mortgage and going it alone can be big pitfalls when buying a home. Here are more tips to help you avoid common mistakes when making an offer on a home.

Understand the Market to Avoid Overbidding

When making an offer on a property, it is essential to have a clear understanding of the local real estate market. Without proper research and knowledge, you risk overbidding or losing out on your dream home. At One Percent Guys Full Service Real Estate Pros, we do our research and can advise you throughout the bidding process.

Research the Housing Market Trends

Before making an offer on a property, take some time to research the current trends in the housing market. This research can help you determine whether the current market is favorable to buyers or sellers. Keep an eye on interest rates, the unemployment rate, and other economic indicators that have an impact on the housing market. One Percent Guys Full Service Real Estate Pros stays on top of market trends and can advise you when making an offer on a home.

Our next article will cover more tips from our Orlando seller agents/Tampa seller agents/South Florida seller agents and buyers’ agents.

One Percent Guys Full Service Real Estate Pros is the original 1% real estate firm with offices in Tampa, Orlando, and South Florida. Our one percent real estate promise means more money back into your pocket. If you are planning to buy or sell a home in the near future, we welcome the opportunity to work with you. Give us a call to learn more about our one percent real estate difference today!

Mistakes We Help You Avoid When Making an Offer on a Home

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Mistakes We Help You Avoid When Making an Offer on a Home

The Orlando seller agents/Tampa seller agents/South Florida seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros work with you every step of the way during the home buying and home sales processes. We are continuing our series of articles discussing some common mistakes to avoid when making an offer on a home. Our previous article discussed the pitfalls of not getting pre-approved for a loan and making the offer without the guidance and expertise of a professional real estate agent. Today, we will look at two more mistakes to avoid when buying a home.

Failing to Shop Comparable Properties

When considering a home purchase, you should shop comparable properties in the area. This can help ensure the offer you are making is fair for both you and the seller. And it can also help you make an offer with room to negotiate. The one percent real estate agents at One Percent Guys Full Service Real Estate Pros can show you listing prices and recent sales of comparable properties and help you determine an appropriate offer.

Not Asking Enough Questions

Although the real estate market is very aggressive with homes going under contract within days and sometimes even hours of being listed, it is still important that you ask enough questions to ensure the property meets your needs before you make a formal offer. The one percent real estate agents at One Percent Guys Full Service Real Estate Pros can assist you with a list of relevant questions to ask and also help you weigh the answers and options.

Our next article will cover more mistakes to avoid when making an offer on a home.

The South Florida seller agents/Orlando seller agents/Tampa seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros are Florida’s original 1% real estate agents. We work closely with you throughout the home buying and home selling processes. Best of all, our 1% real estate commissions translate into more money back into your pocket. Considering buying or selling a home now or in the near future? If so, give your friends at One Percent Guys Full Service Real Estate Pros a call today!

Mistakes to Avoid When Making an Offer on a Home

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While it may sound easy, making an offer on a home is a very detailed and sophisticated process. Do the right things when making an offer and you can put yourself on the path to homeownership. Step the wrong way and you could lose a potential dream home. The Tampa seller agents/South Florida seller agents/Orlando seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros have extensive experience with helping buyers make offers and advising sellers what offers to take and which ones to turn down. Our next series of articles will cover some mistakes to avoid when making an offer on a home.

Not Getting Pre-Approved

The first thing you should do when entering the market for a new home is get pre-approved for a loan. This not only helps you know your maximum price range, but a loan pre-approval letter is attractive to sellers. Not getting pre-approved for a loan may result in you making an offer on a home you will not be approved to purchase. You also could have your offer rejected in favor of someone who does have a pre-approval letter.

Going it Alone

Making an offer on a home without the guidance and advice of a real estate agent can be risky. Real estate agents have the knowledge and experience to help you negotiate an offer and outline contingencies that meet your goals and objectives.

Our next article will cover more mistakes to avoid when making an offer on a home.

When it comes to 1% real estate, trust the original One Percent Guys Full Service Real Estate Pros. Our Tampa seller agents/Orlando seller agents/South Florida seller agents and buyers agents only deal in one percent real estate, which means more money back in your pocket. If you’re in the market to buy or sell your home, we can help. Give your friends at One Percent Guys Full Service Real Estate Pros a call today!

Final Steps in the Home Buying Process

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Final Steps in the Home Buying Process

At One Percent Guys Full Service Real Estate Pros, we are not only passionate about one percent real estate, but our Tampa seller agents/South Florida seller agents/Orlando seller agents and buyer’s agents are dedicated to providing our clients and visitors to our website with reliable resources and insightful information. We are continuing our series of articles outlining the various steps in the home buying process. Our previous articles covered the importance of engaging a trusted real estate agent, obtaining mortgage pre-approval, determining which areas/neighborhoods you want to consider and learning more about the homeowner’s associations that govern them, prioritizing your “wants” vs. “needs”, and allowing your real estate agent to guide you through making an offer. Today, we will explore the final steps in the process of purchasing a home.

Home Inspections/Appraisals

The home inspection and appraisal are each processes that your 1% real estate agent from One Percent Guys Full Service Real Estate Pros can guide you through and manage for you. If there are areas identified on the home inspection that need to be addressed, we can work with the seller agent to determine a mutually agreeable solution. Likewise, if there are any issues with the appraisal, we can advise you and re-negotiate on your behalf.

Final Closing

The last step in the home buying process is the final closing. We will attend the closing with you to guide you through the process and answer any questions about the purchase and documents you are signing.

When it comes to one percent real estate, One Percent Guys Full Service Real Estate Pros is the resource to trust. We are the original 1% real estate experts founded with a mission of helping people like you purchase their dream home.  Our Tampa seller agents/Orlando seller agents/South Florida seller agents and buyer’s agents stand ready to serve you. Give us a call to get started today!