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!

Selling Your Home During Summer Months

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Timing is everything in real estate. The Tampa seller agents/South Florida seller agents/Orlando seller agents at One Percent Guys Full Service Real Estate Pros will work with you to determine the most advantageous time for you to list your home. We are concluding our series of articles discussing different times of the year to put your home up for sale. Today, we will explore the advantages of listing your home during the summer.

Summer: The Season of Vibrancy and High Demand

As the weather warms up, so does the real estate market. Summer brings forth a sense of vibrancy and often translates into increased buyer interest and higher demand for homes.

Selling your home during the summer allows you to take advantage of various factors that positively impact the selling process. Since many people take summer holidays and vacation breaks, potential buyers have more time available for viewings and open houses. This increased availability can result in a higher number of interested parties visiting your property.

Families looking to relocate before the new school year also drive summer demand in the real estate market. Positioning your home as a great family-friendly option can attract buyers who are motivated to settle into a new home before the academic year begins.

Summer is also an excellent time to showcase your property’s outdoor features and amenities. From inviting patios and sparkling swimming pools to well-maintained gardens, buyers can envision themselves enjoying these spaces during the warm summer months!

The Tampa seller agents/Orlando seller agents/South Florida seller agents at One Percent Guys Full Service Real Estate Pros stand ready to help you get a maximum offer for your home. Additionally, our 1% real estate promise means more money back into your pocket at closing. We are the original one percent real estate firm, and we stand ready to help you buy your next home or sell your existing home. Give your friends at One Percent Guys Full Service Real Estate Pros a call to learn more today!