Wednesday, August 30, 2023 / by Marie Babin Real Estate Team .
Investing in real estate requires a thorough understanding of various factors that can influence the value of a property over time. Property appreciation is a crucial aspect of real estate investment, and this is especially true in a dynamic market like Florida. With its diverse neighborhoods, vacation spots, and economic growth, Florida offers both opportunities and challenges for investors looking to estimate property appreciation. In this blog post, we'll explore five key points to consider when estimating property appreciation in the Sunshine State.
1. Historical Market Trends:
One of the first steps in estimating property appreciation is to examine historical market trends. Look at how property values in the specific Florida region you're interested in have changed over the past several years. This data can provide insights into the overall trajectory of the market, helping you identify periods of rapid appreciation and potential downturns. Online real estate databases, local re. ...
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Wednesday, August 2, 2023 / by Marie Babin Real Estate Team .
Many investors will not hang on to their properties forever. When it comes to divesting and offloading your investment properties, you’ll want to be sure to get the most out of them. This will involve a bit of legwork on your part, but it will also mean developing a strong relationship with the right real estate professional to help guide you throughout the process. Before you list your investment property, here are some tips to point you in the right direction.
LOOK FOR A QUALIFIED AND EXPERIENCED REAL ESTATE PROFESSIONAL
Whether you’re listing your primary home for sale or getting ready to offload investment properties, you’ll be better prepared by partnering with an experienced real estate agent. There are numerous ways an agent can best serve your needs, not the least of which is their handling the cumbersome closing process.
A true professional agent will also work hard to market your property. Even in a hot seller’s market, you’ll want the prospec ...
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Friday, June 30, 2023 / by Marie Babin Real Estate Team .
The real estate market seems to always be in the news these days. With interest rates increasing and the overall national home prices seeming to cool off a bit after their banner year in 2021, home prices have been quite the topic of interest. But what is happening nationally might be different in localized real estate markets. If you are exploring Destin real estate as a buyer or a seller, it will pay to learn as much as possible about the housing situation in this Emerald Coast community.
RECENT DATA FROM THE U.S. CENSUS BUREAU SHOWS PROMISING GROWTH IN THIS SMALL CITY
Destin’s population has increased by over 10% from its count in 2010, according to the U.S. Census Bureau. As more folks are moving into Destin, they are bringing with them a solid median household income, and investing that income into properties that command prices higher than the national average.
The current real estate trends in Destin are in line with the national ones, with the prospect of the mark! ...
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Friday, May 26, 2023 / by Marie Babin Real Estate Team .
Building equity in your property is a great way to increase your wealth and financial stability. Here are some strategies to help you build equity:
Make a larger down payment: When purchasing, making a larger down payment can instantly increase your equity. It reduces the amount you need to borrow and helps you start with a greater ownership stake.
Accelerate your mortgage payments: Paying more than the required monthly mortgage payment can significantly reduce your principal balance and, consequently, build equity faster. Consider making extra payments or switching to biweekly payments, which results in an extra month's payment each year.
Refinance to a shorter loan term: If you can afford higher monthly payments, refinancing your mortgage to a shorter term, such as 15 years instead of 30 years, can help you build equity at a faster rate. It may also result in a lower interest rate, saving you money in the long run.
Make improvements: Increasing the value of your p. ...
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Thursday, May 4, 2023 / by Marie Babin Real Estate Team .
It’s the perfect blend of lively beach towns, unspoiled beaches, great seafood, warm and brilliant Gulf waters, and dazzling white sand. Welcome to the Emerald Coast (also known less poetically as the Florida Panhandle).
The Emerald Coast, in our completely biased opinion, is one of the most beautiful stretches of beach you’ll find anywhere, and we invite you to see it for yourself. We are quite certain that once you’ve visited the beaches here, you’ll be a loyal devotee for life.
Are you looking for the perfect vacation home? Marie Babin, an experienced Emerald Coast Real Estate Agent, can help you fulfill that wish and help you find the perfect condo, whether you’re seeking an investment property or your new home away from home.
Purchasing a condo has unique considerations that set it apart from a single-family dwelling. Condos share common areas, come with amenities on site, and require owners to contribute to improvement p ...
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