In buying a home, a question that inevitably comes up is “how long does it take”? The answer will usually vary depending on what kind of buyer you are. It will vary if the home is sold in a traditional, short sale or foreclosure sale. It’s important for anyone involved to know that the timeline for each transaction will be different and that your REALTOR® should provide you with the expertise and information you need. While it's sometimes hard to pin down exactly how long the home buying process takes, we can offer the steps you will go through when buying a new home. 

The first month of 2015 is over and we are heading into February. This means we have 3 Central Florida events for you to check out, a few of which allow you to enjoy the practically perfect weather we've been having here lately. We're pretty sure our friends and family in the north are jealous anytime they take a look at pictures shared on Facebook or Instagram by us Floridians. But these events (and our weather) are just another reason why Florida is one of the best places to call home.

Aside from what it means for our national economy as a whole, the Fed’s “patience” could be good news for home buyers.

Interest rates on home loans were expected to increase this spring, but it appears those rates will likely remain stable following the Federal Open Market Committee’s decision Wednesday to hold the line on interest rates.

That’s good news for potential homebuyers. On a $100,000 loan at an interest rate of 4.5 percent, the homeowner would have monthly payments – without taxes and insurance – of $506.69. If interest rates rose from 4.5 percent to 4.75 percent, those monthly payments – without taxes and insurance – would rise to $521.65. The higher interest rate would mean a higher monthly payment of $14.96 and $5,386.33 in interest over the life of a loan.