Buy a home

There are currently 52 blog entries related to this category.

January 2024 - MVP - New Year, New Home for Jean-Luc Andriot blog 012624"

Buying a home in 2024? Here are 5 steps to take now.
We can help you get started with a free consultation.

1. Check your credit score
2. Shop for a mortgage
3. Set a budget
4. Make a list of the features you care about most
5. Find a real estate agent you trust

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Do you know your credit score. If the answer is no, don’t sweat it for Jean-Luc Andriot blog 080823

There are plenty of ways to get your FICO Score and/or VantageScore for free online. Knowing your credit score is the first step to protecting it. 

In the complex world of personal finance, your credit score is one of the most important numbers that can significantly impact your financial well-being. Whether you're looking to buy a home, get a car loan, or even apply for a credit card, your credit score plays a pivotal role in determining your eligibility and the terms you'll receive. If you're unsure about your credit score, fret not! In this blog, we'll explore the significance of knowing your credit score, how to access it for free online, and why it's the crucial first step toward safeguarding your financial future. 

Understanding Your Credit

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August 2023 - Jean-Luc Andriot - Blog Post Image for Jean-Luc Andriot blog 080223

To avoid buyer's remorse, be sure to consider your future self when shopping for a home.

Most new homebuyers don't regret becoming homeowners. In fact, according to a survey by LendingTree, 80% of recent buyers who successfully overcame a challenging housing market say they're glad they found their current homes.1 But that doesn't mean newly-minted homeowners don't have any regrets about their buying choices.

On the contrary, research shows that even the most-satisfied homeowners would change some aspects of their home purchase if given the opportunity. According to a recent survey by Anytime Estimate, nearly 3 out of 4 buyers who purchased a home in 2021 or 2022 still have a few regrets.2

Some question their decision to move to a neighborhood

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July 2023 - Jean-Luc Andriot - Blog Post Image for Jean-Luc Andriot blog 070723

Does your current home no longer serve your needs?

If so, you may be torn between relocating to a new home or renovating your existing one. This can be a difficult choice, and there’s a lot to consider—including potential costs, long-term financial implications, and quality of life.

A major remodel can be a major commitment. From hiring contractors to selecting materials to managing a budget, it can take a tremendous amount of time and energy—not to mention the ordeal of living through construction or relocating to a temporary residence.

On the other hand, moving is notoriously taxing. In fact, in one survey, 40% of respondents viewed buying a new home as ”the most stressful event in modern life.”1

So which is the better option for you?

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June 2023 - Jean-Luc Andriot - 5 Benefits of Homeownership for Jean-Luc Andriot blog 062623Owning your own home is a huge accomplishment — and it also comes with significant benefits. As a real estate agent in beautiful Boca Raton, FL, I understand the allure of homeownership. Owning a home offers numerous advantages that go beyond the simple satisfaction of having a place to call your own. In this blog, I'll highlight five key benefits of homeownership.

Building Wealth: 
When you invest in a home, you're not just buying a place to live; you're also building wealth over time. Unlike renting, where your monthly payments contribute to someone else's mortgage, owning a home allows you to build equity. As you make mortgage payments, you gradually increase your ownership stake, giving you a valuable asset that can appreciate in value over the

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May 2023 - Jean-Luc Andriot - Boomers Buy the Most Homes for Jean-Luc Andriot blog 050823

As the baby boomer generation enters retirement age, they are now the largest generation of home buyers and sellers. Baby boomers, born between 1946 and 1964, have a significant impact on the real estate market. In this blog post, we will explore why baby boomers are dominating the housing market and what this means for the future of real estate. 

One reason why baby boomers are the largest generation of home buyers and sellers is simply due to their size. According to the U.S. Census Bureau, there are currently around 73 million baby boomers in the United States, making up about one-quarter of the population. As a result, their impact on the housing market is significant.

Another reason why baby boomers are dominating the housing market is that

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May 2023 - Jean-Luc Andriot - How to Become a Homeowner for Jean-Luc Andriot blog 050123

It's not easy being a first-time homebuyer right now. At the end of last year, housing affordability hit an all-time low.1

Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, but especially for starter homes. Even lower-priced condos are harder to snag these days, as investors and downsizers muscle out first-timers by offering stronger, often cash-heavy bids.2

In fact, according to the National Association of Realtors, only 26% of last year's homebuyers were first-timers—the lowest share on record and down from 34% a year prior. This underscores just how steep a hill new buyers are facing.3 As a result, many first-time homebuyers are finding that they need to get creative or

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Wondering how the roller coaster ride of the real estate market has affected the value of your home? 

Don’t get too excited (or worried) about your home’s Zestimate or the value you find on another online calculator. While these tools can give you a sense of whether prices in your area are trending up or down, when it comes to individual homes, they can miss the mark.

As more and more people turn to the internet for everything from shopping to researching, it's no surprise that online home value calculators have become a popular tool for homeowners and prospective buyers. However, while these calculators can be a convenient and quick way to get an estimate of your home's value, it's important to understand their limitations and not rely solely on

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January 2023 - MVP - 2023 New Year's Resolutions for home buyers for Jean-Luc Andriot blog 012323

New Year’s Resolutions for Homebuyers
Thinking about buying a home in 2023? Add these resolutions to your list.

1. Check your credit score. This number is essential to landing a mortgage, so it’s important to know where you stand. Many credit card companies and banks allow you to check for free!

2. Pay down debt. The amount of debt you hold affects both your credit score and the amount you are eligible to borrow. The less you owe at the time of purchase, the better!

3. Save up for a down payment. The more you can offer, the more options you’ll have—but don’t forget to set some money aside to cover closing costs and moving expenses.

What else do you need to do to prepare for a home purchase? Reach out for a free consultation.

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October 2022 - Jean-Luc Andriot - 5-Year Rule  for Jean-Luc Andriot blog 102022

You need to know about the 5-year rule.

Some financial experts caution against buying a home unless you plan to own it for at least 5 years. This is because there are costs associated with purchasing and selling a home, and it may take time for the property’s value to rise enough to offset those expenditures.

If you aren’t sure about your new area or think you will need to move soon for work or family, you may be better off renting for now.

But if you plan to stay in your community long term, purchasing a home can be a fantastic opportunity. That time will allow you to build equity as your home value appreciates. Plus, you’ll gain a priceless sense of security and stability.

What other factors should you consider before taking the plunge

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