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Home Buyer Tips

From deciding the right budget, to finding the right lender, to locating the perfect home for you, get home buyer tips here!

Found 193 blog entries about Home Buyer Tips.

Home sales were down for the third consecutive month across the Daytona Beach area in March.

For the month ending on March 31, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 435 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $230,500. It’s a 7 percent drop in sales compared to the same month last year and a nearly 2 percent decline in median prices 

Compared to February, sales were up by 52 percent and prices were down by 2 percent.  And year to date, single family home sales are down by more than 9 percent across the Daytona area, while prices are up by 3 percent.

Comparisons to previous months and 2018 Single Family Home Sales figures are below:

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Despite lackluster sales, the median condo sales price rose higher in March. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 108 condo units sold around the Daytona Beach area in March. That’s a more than 18 percent drop in sales, compared to sales around the area in March of 2017 and 2018. Sales volume was down by more than 12 percent, reports show.

Meanwhile, the median condo sales price in March was $239,950, up more than 11 percent over median sales prices last year.

In monthly comparisons, March condo sales matched February sales. And prices rebounded strongly from the $180,000 median condo sales price reported in February.  

“The area enjoyed strong gains in condo sales

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Home sales were down dramatically across the Daytona Beach area in February.

For the month ending on February 28, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 286 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $235,500. It’s a nearly 19 percent drop in sales compared to the same month last year. Meanwhile, year-over-year comparisons showed median sales prices rose by 3 percent.

Compared to January, sales were up by 4 percent and prices were down by a nominal 1 percent.  And year to date, single family home sales are down by more than 12.5 percent across the Daytona area, while prices are up by 5.7 percent.

Comparisons to previous months and 2018 SFR

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After a rough start to the new year, condo sales and prices picked up in February.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 108 condo units sold around the Daytona Beach area in February. That’s a 12.5 percent increase in sales transactions, compared to February 2018, and a 4 percent increase in median sales prices. The overall volume of condo sales was up 6 percent in year over year comparisons.

In monthly comparisons, sales grew nearly 36 percent compared to the paltry 79 units sold in January. Median prices in February were up by a scant 2 percent, compared to the previous month.

 “We’re happy to see condo sales picking up,” said Ron Wysocarski, Broker and CEO of Wyse Home Team

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The median sales price of single family homes in the Daytona Beach area rose nicely in January after some stagnation of prices in December.

For the month ending on January 31, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 275 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $238,000. It’s a more than a 6 percent drop in sales compared to the same month last year. And while year-over-year comparisons showed median sales prices remained flat in December, the turn of a new year brought with it a 10 percent increase in median sales prices.

Comparisons to previous months and 2018 SFR sales figures are below:

  • January 2019: 275 sales, $238,000 median sales
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Daytona Condo Market Stutters as 2019 Begins

As temperatures plummeted across the Daytona Beach area in January, so did condo sales and prices.  

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were just 79 condo units sold around the Daytona Beach area in January. It’s a painful 21 percent decline in sales transactions, compared to January 2018. The overall volume of condo sales was down nearly 14 percent in year over year comparisons.

Median sales prices also fell hard in January. MLS reports show the median condo sales price around the Daytona Beach area in January was $176,000, down 17 percent from the same month last year.

In monthly comparisons, the freefall in sales and median

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5 Mistakes to Avoid If You're Planning To Buy A House

Many home buyers have learned the hard way that there are definitely some missteps that can keep you from closing on your dream home. So, to help our clients avoid these painful errors, we've pulled together a quick list of the most common 5 mistakes to avoid if you're planning to buy a house. 

Credit Disputes

If you're getting ready to buy a home, don't file last minute credit report disputes unless your loan officer advises you to do so. Quite often inexperienced buyers will make the mistake of disputing an old, dormant collection showing up on their credit report. Unfortunately, this can be a little like "poking a sleeping bear." Particularly, if the debt is valid. Negative items on

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Fixing Your Credit To Buy A Home

Is your bad credit holding you back from the American Dream of home ownership?

You’re not alone.

During the Great Recession, millions of Americans watched their credit scores plummet. And although the nation’s average score has rebounded nicely to 700, according to the latest reports from the credit bureaus, there are definitely people still struggling.

(In case you were wondering, 700 is considered a “good score.”  It’s not GREAT, but it’s good. And people can generally get decent financing with a score of 700 or higher.)

So the question is… how does one get their score up above that coveted 700 figure to buy a home or land a great interest rate on a new car?

The answer isn’t an easy one to swallow.

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Building Credit to Buy A Home

 Are you a young adult hoping to buy your first home, but you’re being turned away for lack of credit history?

You’re not alone.

Experian says this:

“It's no surprise that young people with few credit accounts ("thin" credit files) tend to have lower scores than older folks.”

According to Experian’s latest data, Generation Z (born after 1996 is holding down an average score of 634, while "Silents" are almost 100 points higher, at 729. Generation Y, also known as Millennials, (born 1982-1995) doesn't fare much better at 638, and Generation X (1967-1981) is 658. Only when the age scale reaches Boomers (1947-1966) does the average surpass 700 (703).

It’s the age old conundrum… building credit can be awfully

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Daytona Home Prices Soared Last Year

Median price gains across the greater Daytona Beach area were higher in 2018 than expected.

According to the Daytona Beach Multiple Listing Service (MLS) detached single family home sales sales and median prices were both up last year, compared to 2017. MLS data shows that 5,132 detached single-family homes were sold in the greater Daytona Beach area in 2018, with a median sales price of $229,000. In 2017, single-family home sales totaled 4,937 and median sales prices were $215,000. Overall, there were 8846 real estate transactions recorded by the MLS in 2018, with a $200,000 median sales price.

In total, sales of all property types were up by 3.3 percent in 2018, and sales of existing single-family homes

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