Buying Real Estate

Can an HOA Deny a Buyer the Purchase of a Home?

Many communities including some on Sanibel Island have homeowners’ associations (HOA). HOA associations are very helpful in a majority of situations to retain a quality of atmosphere within the community. But there have been some not-so-pleasant situations regarding these associations as well.

In some communities, HOAs will ask to screen residents before a sale can be closed on a property in the community but it can be rare. Florida is actually a state where this happens more frequently than other locations. If an HOA has a screening process, it must openly communicate it and state it within the HOA bylaws.Can an HOA Deny a Buyer the Purchase of a Home

Does an HOA have the right to block a buyer from purchasing a property?


Can Increased Mortgage Rates Flip the Seller's Market?

Can Increased Mortgage Rates Flip the Seller's Market

Mortgage rates have increased significantly since the beginning of the year. Though they have cooled off in their appreciation they are still hovering around the 5% mark. In some cases, this is nearly twice what some buyers were qualifying for not too long ago.

At the end of the week dated April 21, the average 30-year fixed-rate mortgage was 5.11%. This was an 11-basis point increase from the week prior according to Freddie Mac. A basis point is equal to 1/100 of a percentage point. This is the first time since February 2011 that mortgage interest rates have exceeded 5%. also shows that the number of new listings of homes for sale was down 13% as compared to this time...

Who Should Attend a Home or Condo Inspection?

who should attend the inspection

Buyers have the ultimate say as to who attends their home inspection. Buyers also have the authority to determine who they will use for the inspection. Real estate agents can suggest or recommend but it’s ultimately up to the buyer to choose the inspector. Because of this, buyers also have a say in who attends the inspection. In general, most real estate buyer’s agents will attend the inspection with their buyer but at the very least, buyers should attend as well.

In some cases, buyers may be unable to attend the inspection due to unrelated circumstances such as an out-of-town buyer or they are not able to leave work in time, etc. In these cases, the buyer’s agent should be on site to accompany the...

Young People are the Biggest Buyers in High-End Homes

Young People are the Biggest Buyers in High-End Homes

Prior to the pandemic homeownership was not a high item on a goal list for many millennials. But this changed as the pandemic dragged on from weeks to months and into years. With this being the largest age group of potential homebuyers looking at the home as a place to crash between traveling and work and making a switch to working remotely from home full-time, the importance of owning a home became a higher priority.

The actual parameters that define a millennial are someone born between the years of 1981 to 1996. Research has shown and confirmed this age group has been slow to embrace homeownership. People in their mid-20s to being newly 40 were more reluctant or unable to purchase a home....

6 Great Reasons to Consider Beachfront Condos

6 Great Reasons to Consider Beachfront Condos

There are so many amazing properties on Sanibel and Captiva Islands. How do you choose between purchasing a beach home or a beach condo?

If you have dreamt about living in a beachfront single-family home, the idea of a condo might feel like it is not worth the time to consider. There are many benefits of choosing a beachfront condo property on the islands. It could be worth expanding the possibility of your home search to include condos as well.

Some Benefits of Beachfront Condo Living on Sanibel and Captiva Islands

Lower Price...

What is the Appraisal Process Like?

What is the appraisal process like

During the home-buying process, obtaining a home appraisal is a critical step.  Let’s take a look at some of the frequently asked questions. 

A home appraisal is an unbiased estimate of the true (or fair market) value of what a home is worth. The process is usually 7-10 days.  All lenders order an appraisal during the mortgage loan process so that there is an objective way to assess the home’s market value and ensure that the amount of money requested by the borrower is appropriate. The appraisal can include recent sales information for similar properties, the current condition of the property, and the location of the property, i.e., insight as to how the neighborhood impacts the property’s...

When Should You Move? Where Should You Live?

Young adults starting their careers and perhaps living on their own for the first time generally move into apartment complexes. After a while, they may move to a larger apartment with more amenities or to a condo that has more space than their apartment. Many couples begin married life in an apartment or condo.moving

Then their lives change. The couple has a baby or plans to have kids — they need more room. An apartment dweller wants to own a dog — he needs a yard and sidewalks. Young people who are well on their way to fruitful careers may be ready to invest in property. These are a few of the factors that cause people to move from a multi-family dwelling into a single-family home of their own.

Once someone makes the decision to relocate from an apartment or condo to a house, how does he or she decide where this home should...

How First Time Home Buyers Can Keep Cool in a Hot Sellers Market

Shopping for any home can be stressful on its own, but shopping for your first home when competition is high and home prices are on the rise can be even more so. It is not uncommon right now for buyers to walk into a home and fall in love with it only to find out that there are about a dozen or so other interested buyers trying to compete for the chance to own the same home.How First Time Home Buyers Can Keep Cool in a Hot Sellers Market

Right now, the housing market is a red-hot seller’s market with many homes still receiving multiple offers, although the number of offers on each home has decreased. Many of these homes are also selling for above their listing price and these conditions can have many buyers, especially first-time buyers, losing hope in finding a home. But one of the biggest...

Do I Need a Buyer's Agent When Purchasing Luxury?

Do you really need a buyer's agent when purchasing luxury property? Is there any difference between a traditional buyers agent and a luxury home buyers agent? What exactly is a buyer's agent, what do they do, and how do they get paid? All of these are very common questions you might consider when purchasing property and they're very valid as well.Do I Need a Buyer's Agent When Purchasing Luxury?

Let's start with the basics of what is a buyer's agent:A buyer's agent is the agent or agency within a real estate transaction that brings the buyer and facilitates the transaction on the buyer's behalf.

This agent is working solely for the buyer and not the seller of any particular property. The needs and interests, as well as financial confidentiality and negotiating strategies,...

What Millennials Want in a Home

Born between 1980 and 2000, millennials are thought to be a group driven by the technology revolution and fed by avocado toast. Certain characteristics and manners have influenced society’s overall viewpoint of this generation, such as the increase in single-parent families, the higher likelihood of college enrollment — and student loan debt — and many observations on their work ethic. Because millennials are so dominant to the housing market, it is critical that sellers adapt to the increasing demand. Learn more from the accompanying infographic and be prepared with our tips on how to appeal to millennial homebuyers.

What Millennials Want created...