Renting vs. Owning Your Own Home

What are the advantages of giving up renting to become a homeowner? Eric Intihar, one of our preferred lenders, is here to answer that for you.

Looking to buy in Vero Beach? Get a Full Home Search 
Looking to sell in Vero Beach? Get a Free Home Price Evaluation

Today we’re very excited to have Eric Intihar from U.S. Mortgage of Florida here to talk a little bit about the mortgage world and the benefits of owning a home. 

First, homeownership is key when trying to build a financial base. In fact, when the average person retires, 65% of their wealth is tied up in real estate. 

However, building a financial base isn't the only benefit to owning a home. It also allows you to be a part of a community, gets you a tax break, and increases your equity. Overall, a homeowner will do much better than a renter. 
The advantages of owning a home far outweigh the disadvantages.
It’s true that owning a home comes with more responsibilities like having to repair things yourself instead of calling the landlord, but the advantages of being able to become a part of a community and helping yourself get rich instead of your landlord far outweigh the disadvantages. 

Right now, it’s almost like the entire real estate market is on sale. Rates are historically low, so now is a great time to make the switch from renter to homeowner. 

If you have any questions for Eric, you can reach him at (954-448-9829).

As always, if you have any questions about real estate, please don’t hesitate to give me a call or send me an email. I’m always happy to help! 

How Can You Price Your Home for the Market?

If you want to sell your home for top dollar, you need to price your home correctly. Here are three common pricing pitfalls to avoid.

Looking to buy in Vero Beach? Get a Full Home Search 
Looking to sell in Vero Beach? Get a Free Home Price Evaluation

It’s natural for home sellers to want the highest price in the shortest amount of time. However, there are three issues that you need to avoid in order to make that happen. 

First of all, don’t rush your home onto the market. Take the time to properly prepare. Take care of any repairs, painting, or maintenance items that you might have overlooked in the time you’ve lived there. When the time comes to launch your home onto the market, you want to put your best foot forward. 
Price your home correctly right from the start.
Statistics show time and time again that when homes are priced correctly from the start, they will sell for the most money. The reason is that testing the marketplace with an inflated price diminishes buyer interest. Instead of the buyers and agents saying, “Wow, what a great house!” they say, “That’s a nice house, but it’s not priced correctly. It’s a little expensive for the market.” 

Finally, if you have been on the market for awhile and you’re not getting a reasonable number of showings (three to five a week), then it may be time to adjust the price of your home. Your home should be priced based on what has come on the market or what has recently sold. If buyers are choosing other similar homes over yours, then your home is not priced correctly. 

Once you realize that your home is overpriced, it’s incredibly important to have that conversation with your agent and reduce the price of your home. If you have any other questions, just give us a call or send us an email. We would be happy to help you!