A Helpful Guide for Picking a Real Estate Agent

Your home is your biggest financial investment. Whoever you hire to help sell it needs to be qualified for the job.

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In the state of Florida, anybody can get their real estate license within a week or two. All you need to do is take a three-day class and sit for a state exam. Because the barrier of entry into the business is so low, everybody knows someone around here who has a real estate license. Maybe it’s a friend, a family member, or a neighbor. This might be the first person you think of when it comes to real estate and you might be ready to hire them on the spot, but you shouldn’t. For most of us, our home is our biggest financial investment. You want to be sure you’re putting that asset in the right hands before you hire somebody to do the job. I’ve worked with expired listings a lot and one of the common threads I’ve seen is the fact that most of these people hired an agent who was a friend or family member and didn’t interview anybody else.

    You should interview at least three different agents for the job.

At the end of the day, selling your home is a business transaction. If someone isn’t owning up to their responsibility as an agent, you shouldn't hesitate to fire them. If it’s a good friend or family member that you hire, the hesitation will definitely be there. 

That’s why I think you need to interview at least three different agents for the job of selling your home before you hire one. Interview that friend or family member you know, but also interview somebody who has a proven track record and great reviews online. It will make your ultimate decision a lot easier.

I’d love to interview for the job of helping you buy or sell a home. If you have any questions for me or want to know how I can help you achieve your real estate goals, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon!

You’re Invited to Our Next HUD Training Event

We’re hosting an upcoming HUD training. We hope you’ll join us.

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I’m here to invite you to our next HUD agent training on March 14 from 11:30 a.m. to 1 p.m. It will be held over at the office of our friends at Quality Title & Escrow in their Kissimmee. We will cover the entire process, from build submission all the way through closing. All the questions you wish you had answers to will be answered. We’ll have lunch for you as well.

    All of your questions will be answered.

We’ll have mortgage, title, and real estate experts there to answer all your questions. RSVP by sending an email to info@fredarealtyorlando.com today. 

If you have any other questions for us, don’t hesitate to reach out by phone or email. We look forward to hearing from you soon.

How Rising Interest Rates Impact Your Plans to Buy

Rising interest rates may put buying a new home out of reach. I’ll explain why today.

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I recently came across an article about how mortgage interest rates are on the rise. I’ve read articles like this in the past, but this article was a little different. Inflation is firming because employers are under pressure to increase their wages. What does that mean if you plan on purchasing a property? Rates have been hovering below 4%, but today they are up a little, at 4.04% for a 30-year, fixed-rate mortgage. This is still a relatively low, reasonable rate.

    The projected rate increases and home appreciation may push many buyers out of the market.

Still, with rates projected to increase over the course of 2018, along with a projected 4% rise in overall home values this year, many potential buyers may soon find themselves pushed out of the market in terms of affordability.

If you are thinking about securing a mortgage, you may want to get started sooner rather than later in order to take advantage of today’s relatively low interest rates and market opportunities. 

If you need any help with preparing for that process, or have any questions regarding buying a new home, just give us a call or send us an email. We would be happy to help you!