Peter Edmunds Realtor

Hello FB friends/family, I hope you'll are doing fine.
The attached article provides some valuable information for first-time homebuyers especially with regards to 1) the importance of a good/high credit score and 2) getting a pre-approval from a Lender before you begin your house search.
If you are ready to begin the homebuying process, we can meet to discuss your specific goals, finances and situation.....you can reach me at (561) 410 6018 or at [email protected]. Have an awesome day!

Financial Fundamentals for First-Time Homebuyers Are you prepping to buy your first home?

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If you are thinking of selling your home this Winter, here are three (3) reasons why you shouldn't wait until 2023 to make that decision:
1) Based on the attached data, it is still a Seller's Market since inventory (whilst it's growing) is still low at < 6 months supply (it's a Buyer's Market when inventory is at least 6-7 months).
Accordingly, if your home is priced 'right' you should be able to get the fair market value.
2) Millennials are still looking for their dream home as they move into their prime home-buying years, creating a demand for single family homes.
3) Rents are still very high and many buyers are looking to avoid falling into the rental trap in 2023.

If you need help/advice with 1) The decision to sell and 2) Calculating your equity in your existing home, give me a call and we can discuss your goals and plans..........have an awesome day!

Reasons To Sell Your House This Season [INFOGRAPHIC] Some Highlights If you’re planning to make a move but aren’t sure if now’s the right time, here are a few reasons why you shouldn’t wait to sell your house. The supply of homes for sale, while growing, is still low today. Plus, serious buyers are out looking right now, and many are hoping to...

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While we have seen an increase in interest rates over the past few months (due to rising inflation), if you are ready and able to buy your dream home, you should still give it serious consideration for the following reasons:

1) Due to the increase in interest rates, demand for homes has decreased which in turn has caused the inventory supply to increase. Accordingly, the pool of homes for sale has grown which
bodes well for homebuyers; less competition in the marketplace.

2) The Housing Market is not expected to crash like it did in 2008 since lending standards have tightened significantly by the Regulators. Therefore, the projection for foreclosures are much
less than the 2008 housing crash since homeowners are in a better financial position to service their mortgages; home prices are expected to appreciate but at a moderate rate.

3) It is better to own your home instead of renting for the following reasons:
a) You will be building equity in the property as you pay down your mortgage.
b) In turn, your equity will cause your Net Worth to increase.
c) The interest portion of your mortgage payment is tax deductible.
d) Certain home improvements can be tax deductible.

4) As inflation cools down, mortgage rates in turn will fall at which point you can refinance your mortgage and benefit from a low interest rate and in turn a low mortgage payment.

When interest rates come down, those waiting on the sidelines will jump back into the search for their dream home; your advantage is getting in before they do. If you are thinking about buying a home, you should consider the abovementioned points and take advantage of what today's market offers.

If you are ready and able to become a homeowner, give me a call (561 410 6018) and we can discuss your options......have an awesome day!

Key Advantages of Buying a Home Today There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today.

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The attached article provides some useful information (a checklist) for those planning to sell their home this Winter. However, while the information is valuable, working with an experienced Real Estate Advisor can help you save money on unnecessary repairs/costs and also provide helpful tips based on your specific situation.

If you are ready to pull the plug, give me a call @ (561) 410 6018 for guidance/advice on what you may want to do to get your house ready to sell this Winter..........have an awesome day!

Winter Home Selling Checklist [INFOGRAPHIC] Some Highlights As you get ready to sell your house, focus on tasks that make it inviting, show it’s cared for, and boost your curb appeal. This list will help you get started, but don’t forget, a real estate professional will provide other helpful tips based on your specific situation. Connect ...

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Based on a recent survey by the NAR, two (2) key obstacles for most homebuyers are 1) The Mortgage process/getting pre-approval and 2) The required down payment.

While I am not a Mortgage Broker, based on my extensive Banking/Finance background, I can quarterback the entire Mortgage application process at NO extra cost to you. Furthermore, I can negotiate on your behalf with the Lenders so that you get the most favorable terms and conditions (especially the interest rate).

With regards to the down payment, there are many down payment assistance programs out there which require very little down payment and in some case $0. For example, with a FHA loan, you only require 3.5% down payment and with a VA loan, you need $0.

With my knowledge and guidance/advice, I can help you overcome both of the abovementioned hurdles. Give me a call @ (561) 410 6018 so that we can start the process for your dream of homeownership ...........have an awesome day!

What You Want To Know If You’re Pursuing Your Dream of Homeownership If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead.

Hello FB friends/family, I trust that you'll are doing fine and getting ready for the Holidays.

The attached article is self-explanatory and provides five (5) reasons why you should sell your home during the holidays instead of waiting for 2023. From a Buyer's perspective however, here are seven (7) financial reasons why you should consider buying your dream home now instead of renting:
1) Rent increases year on year which doesn't work in your favor; it helps the landlord repay his/her mortgage.
2) Your monthly mortgage payment (which is your largest housing costs) helps mitigate the increase in inflation since your monthly mortgage payment is usually fixed for the duration of the
term of the mortgage (15 - 30 years).
3) The interest portion of your mortgage payment is tax deductible.
4) By paying down on your mortgage you will be building equity in the property.
5) The increase in your equity will in turn help you grow your Net Worth.
6) If you purchase a multifamily unit (e.g. triplex/fourplex) you can live in one of the units rent free by letting the other tenants service the entire mortgage payment. Furthermore, you will be
building equity in the property as your tenants pay you rent. This is one of the fastest ways of generating wealth (not by working for a pay check).
7) According to the IRS, if you have a capital gain from the sale of your main home, you can EXCLUDE "up to $250,000 of that gain from your income or up to $500,000 of that gain if you file
a joint tax return with your spouse".

If you are ready to pull the trigger (buy/sell) give me a call @ (561) 410 6018 and we can discuss your goals..........have an awesome day!

Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait.

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The attached article is for the attention of folks who are considering selling their home this year. Based on the statistics provided by the NAR, I would recommend you sell your home now (if that's your intention) for the following reasons:
1) While inventory is low and demand has softened due to higher interest rates, it is still a Seller's market (currently < 6 months of inventory) and therefore you should be able to get a fair
price for your home if it is priced 'right'.
2) Assuming that you have owned your home for many years, you would have built a significant amount of equity in your property which you can use with your next purchase. It would make
sense to down size to a smaller property (e.g. a condo/townhouse) which you can purchase outright in cash and thus reducing your housing costs - insurance, property taxes etc.

If you want assistance in calculating your equity in your existing home and search for a new home, give me call and we can run the numbers.............have an awesome day!

3 Questions You May Be Asking About Selling Your House Today [INFOGRAPHIC] Some Highlights If you’re planning to sell your house this year, you likely have questions about what the shift in the housing market means for your home sale. You might be wondering: Should I wait to sell? Are buyers still out there? And can I afford to buy my next home? Connect with a trusted re...