If you need assistance, please call 407-227-4800

Benefits Of Buying A Home | Free Annual Disney Passes when buy EXIT Magic Cit Blog

Thursday, March 31, 2022   /   by Todd Mowry

Hedge Against Inflation With These 3 Real Estate Investment Types

The annual inflation rate in the United States is currently around 7.5%—the highest it has been since 1982.1 It doesn’t matter if you’re a cashier, lawyer, plumber, or retiree; if you spend U.S. dollars, inflation impacts you.
 Economists expect the effects of inflation, like a higher cost of goods, to continue.2 Luckily, an investment in real estate can ease some of the financial strain.
 Here’s what you need to know about inflation, how it impacts you, and how an investment in real estate can help.
 
 WHAT IS INFLATION AND HOW DOES IT IMPACT ME?
 Inflation is a decline in the value of money. When the rate of inflation rises, prices for goods and services go up. Therefore, a dollar buys you a little bit less with every passing day.
 The consumer price index, or CPI, is a standard measure of inflation. Based on the latest CPI data, prices increased 7.5% from January 2021 to January 2022.1 A little bit of inflation is considel ...

Read More


  orlando real estate, orlando realtor, homebuying, benefits of buying a home, should i rent or buy a home, orlando realtor tips, hedging against inflation with real estate

Thursday, January 6, 2022   /   by Todd Mowry

A Return to 'Normal' ? The State of the Real Estate Market in 2022

Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021.1

However, there were signs in the fourth quarter that the red-hot housing market was beginning to simmer down. In the month of October, only 60.3% of sales involved a bidding war—down from a high of 74.5% in April.2 While this trend could be attributed to seasonality, it could also be a signal that the real estate run-up may have passed its peak.

So what’s ahead for the U.S. housing market in 2022? Here’s where industry experts predict the market is headed in the coming year.

MORTGAGE RATES WILL CREEP UP

Most economists expect to see mortgage rates gradually rise this year after hitting record lows in late 2020 and early 2021.3

Freddie Mac forecasts the 30-year fixed-rate mortgage will average 3.5% in 2022, up from around 3% in 2021.4

The Mortgage Bank ...

Read More


  orlando real estate, orlando realtor, homebuying, benefits of buying a home, should i rent or buy a home, orlando realtor tips, renting versus buying in orlando florida, should i buy a home in 2022, should i wait to buy, state of the real estate market, what are the interest rates going to be in 2022, will home prices rise, will interest rates rise, should i rent or own a home

Tuesday, November 16, 2021   /   by Todd Mowry

New Build Or Existing Home? : Which is Right For You- Todd Mowry Your Local Realtor

New Build or Existing Home: Which One Is Right for You?

Homebuyers today are facing a huge dilemma. There simply aren’t enough homes for sale.

Nationwide, there were 1.27 million active listings in September, down 13% from the previous year. According to the National Association of Realtors, that’s about 2.4 months of inventory, which is far less than the six months that is generally needed to strike a healthy balance between supply and demand.

Given the limited number of available properties, if you’re a buyer in today’s market, you may need to expand your search to include both new construction and resale homes. But it can feel a little like comparing apples to oranges. Let’s take a closer look at some of the factors you should take into account when choosing between a new build or an existing home. ...

Read More


  orlando real estate, orlando realtor, homebuying, homes for sale east orlando, benefits of buying a home, should i rent or buy a home, oviedo real estate, lake nona real estate, lake nona realtor, new homes, new homes central florida, new homes kissimmee, new homes orlando, search homes in winter park florida, winter park florida real estate

Thursday, June 24, 2021   /   by Todd Mowry

What you Should Look For When On Your Home Tour With Your Realtor

There are various things to look for on your home tour with a Realtor. You should look at all the usual things like the kitchen, baths, layout, rooms and the backyard... but there are also things that you should look at on your tour that can save you a lot of time and money if you spot these things early. By learning a few things and taking a little extra time on your home tour and listening to your Realtor... you will not end up putting in offers on homes that wont work for you because they need to many repairs or have unpermitted work that you don't want to deal with. If you see these things early, they can also help you save money on the amount of your offer. Most of time sellers know what's wrong with their homes but see it differently than the buyer. So if you spot a problem early you can make your offer accordingly rather than trying to lower your offer later after the inspection. You might learn from your inspector something that you think is a hidden problem but the seller thin ...

Read More


  orlando real estate, orlando realtor, homebuying, homes for sale east orlando, belle isle homes for sale, benefits of buying a home, should i rent or buy a home, oviedo real estate, what to look for on a showing, what to look out for when looking at homes

Tuesday, July 14, 2020   /   by Todd Mowry

Im Pre-Qualified Now What? by Todd Mowry Realtor Experienced Realtor in Orlando

What happens in the mortgage loan process after you get pre-qualified and have found a house to buy?


Getting a pre-qualification is not exactly what it sounds like. Most people think this is all I need to buy a home.  Pre-qualification is just a quick look at your credit and income to see if you can possibly qualify to be approved for a mortgage. You do a quick application..they give you a pre-qualification letter and you go on your way looking for a home thinking you are ready and good to go. While you are good to find a home and turn in an offer you are still a long way off from being ready to buy.

 If you are not pre qualified it would be a good idea to get pre qualified before you start your home search. Waiting till you have found the home can cause delays in being able to offer. Things in your past history can throw a wrench in to your application and you may lose the home you offered on, because of having to wait for answers or correction. If you don't have any; ...

Read More


  orlando real estate, homebuying, benefits of buying a home, how does the mortgage process work, pre qualification

Exit Realty Magic City-1 Able Realty
Jarrett West
653 Maguire BLVD, Suite 900
Orlando, FL 32803
407-227-4800

© 2022 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.12/9/2022 5:54 PM CST
This site powered by CINC: www.cincpro.com