Looking to Find a Home in Florida? Why Now is Right Time to Act!

Opportunities for buying a home in Florida are good right now. Here are some reasons why.

Mortgage rates have dropped to a one-year low.

In the week ending Aug. 15, 30-year mortgage rates dropped to an average 6.28%, their lowest weekly average since February 2023.

Furthermore, it seems likely that the Federal Reserve will cut the federal funds rate by at least 25 basis points at its next meeting Sept. 17-18, according to CME Group’s FedWatch tool.

While the Fed doesn’t set mortgage rates directly, the federal funds rate influences the cost of long-term loans, including mortgages.

So, if you’re if you’re ready to buy, and are prepared with a budget and a mortgage preapproval, act now.

While a potential Fed rate cut is welcome news, it’s not a reason to wait.

Interest rate changes take time to trickle down. So, avoid trying to time the interest rate changes perfectly.

Also, when mortgage interest rates go down, homebuying competition goes up. Another reason to not delay.

Here is some more current good news for homebuyers wanting to buy a home in Southwest Florida.

If you know where to look, there are locations where right now it’s a Buyers Housing Market.

This means that there is more housing inventory available and less intense buyer competition happening.

The result is homes tend stay on the market longer. With sellers wanting to sell, prices can be negotiated lower (within reason).

But, be aware that when the weather starts to change in the Northern climes, there will be more buyer competition in Florida and potentially higher price bidding.

To speed up the homebuying process and take the most advantage of current opportunities, work with a Buyer’s Agent who knows the local market, and how far your budget can go to meet your specific criteria.

As an experienced Buyer’s Agent I can be an advocate for you and help you negotiate a good deal that saves money.

Be aware that there have been recent changes in the manner homebuyers now interact and compensate a Buyer’s Agent.

Previously, home sellers generally set the agents’ commission — typically 5% to 6% of the home sale price that was then split between the buyer’s and seller’s agent.

Now, a new system is in place. Before you can be shown a home whether in-person or live virtual you have to sign a Buyers Brokerage Agreement, which spells out the various ways how a Buyer’s Agent gets paid and what they do to earn it.

As mentioned, right now is a great time to look for a home in Florida before the buyers from the Northern climes amass. I’m here to help you get and stay ahead.

If you want help to secure your next or first home, I’m in your corner and ready to assist!

I cover Southwest Florida communities located in Naples, North Naples, Bonita Springs, Estero, Miromar Lakes, Fort Myers, and other communities located throughout Collier and Lee Counties.

To view homes available in these areas, visit my website: findswflproperties.com

With my local real estate insider knowledge, I’ll help you strategize a realistic plan, find a property that meets your budget and criteria, negotiate with listing agents on your behalf, and help you avoid costly homebuying mistakes.

Let me guide you through the entire process to secure your Florida dream home.

To schedule a free, no-strings-attached, consultation (in-person, by phone, or virtual), call/text 239-850-1650 or email [email protected]

#BuyersAgent #Realtor #FloridaRealEstate #Naples #BonitaSprings #Estero #FortMyers #SouthwestFloridaProperties #Consultation #RealEstate