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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 188 blog entries about Home Buyer Tips.

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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Home Sales Down in December

Daytona Beach area home sales slowed in December, as median prices rose only slightly

 For the month ending on December 31, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 396 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $224,900. It amounts to a nearly 8 percent drop in sales compared to the same month last year, and just a meager 1 percent rise in median sales prices. Compared to November, sales were up by 11 percent while median prices fell by 6 percent.

All told, sales in 2018 were up by nearly 4 percent and median sales prices rose by 6.5 percent over 2017 totals.

A look a the numbers

  • December 2018: 396 sales,
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The median sales prices of condos around the greater Daytona Beach remained strong in December as sales fell slightly.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 116 condo units sold around the Daytona Beach area in December. That’s just a handful of sales short of reaching the 123 condo units that sold in December 2017.  Meanwhile, median sales prices rose by just under 3 percent to $228,450, compared to prices in December 2017. In monthly comparisons, the median condo sales price skyrocketed by nearly 23 percent.

All told, median condo sales prices in 2018 were up by 10 percent, a figure many real estate experts predicted for Florida as the year began. As the year ended, total condo

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The real estate market around the greater Daytona Beach area was strong in 2018, as inventory levels improved and highly competitive conditions began to stabilize.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 1555 condo sales across the area from January 1 to December 31. The units sold had a median sales price of $209,000. Compared to 2017, that’s a 3.5 percent increase in sales. And it’s a 10 percent increase in median sales prices, confirming real estate experts’ predictions for Florida as the year began.

“We started the year with cautious optimism as experts predicted Florida would continue to see the strong median price gains for another year, said Ron Wysocarski, Broker and CEO

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Median home sales prices rose dramatically across the Daytona Beach area in November.

 For the month ending on November 30, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 356 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $239,850. It amounts to a 4.7 percent increase in sales compared to the same month last year, and an 18 percent rise in median sales prices.

Compared to October, sales were down by nearly 13 percent while median prices rose slightly. Year to date, sales are up by 4.5 percent and median sales prices remain nearly 8.5 percent higher than the first 11 months of 2017. 

Comparisons to previous months and 2017 SFR sales figures are below:

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    The median sales prices of condos around the greater Daytona Beach rose in November as sales held steady.

    An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 104 condo units sold around the Daytona Beach area in November. That’s just one unit shy of the 105 units sold in November 2017.  Meanwhile, median sales prices rose by more than 5 percent to $186,000 over  prices in November 2017. Compared to October, the median condo sales price fell by more than 19 percent.

    Year to date, median sales prices are up by just under 10 percent as total condo sales remained 4 percent above the number of units sold during the first 10 months of 2017.

    “Overall, November was a good month for the Daytona area

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