Whether you're buying a Vero Beach home, or just shopping for a new car, most every lender you apply to for a mortgage or loan will want to see your credit report and your FICO score. What most people don't realize is, the FICO score your lender pulls and the one you may have paid for are not always the […]
Vero Beach Real Estate News – November 2013
In our Vero Beach Real Estate News for November 2013: No Mortgage Limit Changes Before Spring Housing Inventory Fell In September IRS Delays Start of Tax Filing Season (Again) No Mortgage Limit Changes Before Spring Mortgage lenders will get at least six months' notice before the government reduces the limit on the size of loans that taxpayer-owned Fannie Mae […]
Vero Beach Housing Bubble – Potential Still There?
Is there still a potential we could see another Vero Beach housing bubble? A top Federal Reserve official says yes. A mortgage market bubble in part caused the 2007-2009 financial crisis and Great Recession from which the world's largest economy is still recovering. In response, the Fed has depressed interest rates and is buying $85 billion in assets each month, […]
Preparing Your Vero Beach Home For Sale
If you have your Vero Beach home for sale, or are thinking of putting it up for sale soon, there are some things you can and should do to shorten the time it takes to find a buyer. Most buyers want a 'move in ready' home, not one where they have to do a lot of work to make it […]
Vero Beach Home Prices Rising Means Higher Costs
There is a downside to Vero Beach home prices rising. With improved equity comes higher costs for property taxes and insurance. Rising Vero Beach Home Prices Could Mean Higher Bills Rising Vero Beach home prices means you can finally breathe a sigh of relief — especially if you're hoping to sell. But there is a cloud behind that silver lining. […]
Vero Beach Home Prices Not Affected By Shutdown
Vero Beach home prices were largely unaffected by the 16 day government shutdown. Aside from asking prices, the housing market remains uncomfortably tied to Washington and its budget mess, such as the shutdown's effect on mortgage processing for home purchases and the potential effect of a default on the housing market and economy. Other Factors Affect Vero Beach Home Prices […]
Vero Beach Flood Insurance – Should You Buy It?
A big question we hear asked quite often is, "do I need Vero Beach flood insurance for my home if I'm not near a body of water?" Vero Beach Flood Insurance – Most Don't Have Adequate Coverage One third of homes damaged by Hurricane Sandy weren't covered by insurance and most of those that were didn't have adequate flood insurance. […]
Buying a Vero Beach Home – Clock is Ticking
If you're even remotely considering buying a Vero Beach home, there's no time like the present. The clock is ticking, and soon, getting a mortgage will likely become more difficult and more expensive. Loan limits for popular mortgages are scheduled to drop in January 2014. The Federal Housing Finance Agency is planning to slash the maximum size of mortgages eligible […]
Vero Beach Reverse Mortgage Pros and Cons
There is growing trend today among older Americans who are increasingly looking at a Vero Beach reverse mortgage to tap the equity they've built up in their home over the years, now that they are in the low or no income category and can no longer qualify for the traditional refinance or home equity loan. There are some pros and […]
Vero Beach Home Prices Slow Heading Into Fall
Vero Beach home prices improved year-over-year for the 18th straight month in August, though the arrival of housing's usual "off-season" brought negligible monthly growth. Home prices nationwide increased 12.4 percent on a yearly basis in August. On a monthly basis, prices were up only 0.9 percent. Excluding distressed sales, home prices increased 11.2 percent over August 2012 and 1.0 percent […]
