Home buying trends are changing each year. Since the crash of the market years ago, many developments have happened that made it easier and easier to buy a Carillon Lakes home. Let us share with you some specific changes that can definitely affect your home buying decision this year.
- More homes and slower price increase
The housing market has seen more and more homes for sale in Carillon Lakes community each year. This year is no different. It is expected that more homes will be in the market, making it a better playing field for buyers. This is due to the idea that they can now try to give lower offer price for homes as not so many competition will be present.
But then again, always consult your Lakeland Florida agent on the latest market report in your area. A comparative market analysis will show you the average prices homes were sold in the neighbourhood, giving you a better idea on how to price your offer.
- Less cash buyers
An all cash buyer, like investors are almost always more preferred than a usual buyer with a pre-approved mortgage. So even if you already have your eye fixed on your chosen home and you think you have the means to pay it, you could still be outplayed by an all cash buyer. The good news is that the percentage of all cash buyers has decreased. This would make competition lesser.
- Loose credit requirements
If you are planning to purchase a house for sale in Carillon Lakes community, you would have to be ready with an impeccable credit score that would sweep lenders off their feet. This has been the case but recent activities seem to steer away from this. There are more and more banks which have looser requirements when it comes to credit scores, making it more possible than ever for many to own homes.
- Lower down payments
Setting aside 20% of the home’s price as down payment has been a long time practice for most buyers. In fact, it is a generally accepted condition that a higher down payment always means having a greater chance of owning the home. Although this may still be true, the era of low down payments seems to be coming back. Many have been able to bag their dream homes with a single digit down payment, which is a huge help for most people wanting to buy a home. It certainly is a good change
No matter the situation, home ownership has always been, and will always be a great decision. Having your own home in Carillon Lakes community is something you should look forward to this year and in the coming years. If you want to know more about the home buying process, check out www.LakelandFloridaLiving.com for articles that could give you the tips you need.
Call me, Petra Norris, at (863) 619-6918 or send me an email at petra@petranorris.com if you’re looking for a Lakeland Florida real estate agent with superior local knowledge, experience, professionalism, integrity, and personal service to help you sell or buy Carillon Lakes Community homes for sale.
Petra Norris, REALTOR®…
Going The Extra Mile For You!