Closing, Title Company, Tax Matters

Closing,  Title Company, Tax Mattters

There are currently 80 blog entries related to this category.

June 2023 - Jean-Luc Andriot - Blog Post Image for Jean-Luc Andriot blog 060123

There’s an old adage in real estate: location, location, location. But ever since the Federal Reserve began its series of inflation-fighting interest rate hikes last year, a new mantra has emerged: mortgage rates, mortgage rates, mortgage rates.

Higher rates had the immediate impact of dampening homebuyer affordability and demand. But this year, we’re seeing further repercussions. While analysts expected listing inventory to swell as sales declined, instead, homeowners have been pushing off plans to sell because they feel beholden to their existing, lower mortgage rates.

So what impact is this reduced demand and low supply environment having on home values? And what can we expect from the real estate market in the coming months and years? Here are

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Mortgage rates are going to change May 1st 2023 for Jean-Luc Andriot blog 042423 If you're looking to buy a home, be aware that mortgages will change next month. Starting May 1st, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted.

Attention homebuyers: If you're planning to purchase a new home, keep in mind that mortgage fees will be changing from May 1st. Starting next month, Fannie Mae and Freddie Mac-backed loans will undergo adjustments in upfront fees due to changes in the Loan Level Price Adjustments (LLPAs). The fees vary depending on a borrower's credit score, downpayment amount, type of home, and more. The upcoming changes are related to credit scores and downpayment sizes, which may result in higher fees for some borrowers with higher credit scores and lower fees for those with lower credit

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January 2023 - Jean-Luc Andriot - Blog Post Image for Jean-Luc Andriot blog 010423

Last year, one factor drove the real estate market more than any other: rising mortgage rates.

In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly.

Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should ultimately lead to a more stable and balanced real estate market.

So what can we expect in 2023? Will mortgage rates continue to climb? Could home prices come crashing down? While

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Jean-Luc Andriot Boca Raton - Delray Beach Luxury market report November 2022 for Jean-Luc Andriot blog 112122

As I am a member of The Institute for Luxury Marketing, I thought I would share with you their November 2022 report for Boca Raton - Delray Beach.

It is your guide to a general analysis on the trends and comparative data on the top-residential markets in the Boca Raton - Delray Beach area.

Statistics are separated between single family homes and condominiums / townhomes in Boca Raton - Delray Beach.

At the national level:

Challenging Times in a Market Full of Contradictions

There is little doubt the luxury real estate market is facing some interesting challenges that even have experts contradicting each other in their predictions and assumptions. 
Statistics in many luxury markets still show that they are favorable to sellers – so why are

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Jean-Luc Andriot Boca Raton - Delray Beach Luxury market report October 2022 for Jean-Luc Andriot blog 102022

As I am a member of The Institute for Luxury Marketing, I thought I would share with you their October 2022 report for Boca Raton - Delray Beach.

It is your guide to a general analysis on the trends and comparative data on the top-residential markets in the Boca Raton - Delray Beach area.

Statistics are separated between single family homes and condominiums / townhomes in Boca Raton - Delray Beach.

At the national level:

Where is the Luxury Real Estate Market Headed?
It is hard to picture that less than 12 months ago, the luxury real estate market was on a strong upward trajectory, consistently seeing demand increase, prices soar, and inventory levels fall.
Even though we realized that this trend could not continue infinitely, the speed at

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September 2022 - Jean-Luc Andriot - Blog Post Image for Jean-Luc Andriot blog 090622

Mortgage rates have been on a roller coaster ride this year, rising and falling amid inflationary pressures and economic uncertainty. And even the experts are divided when it comes to predicting where rates are headed next.1

This climate has been unsettling for some homebuyers and sellers. However, with proper planning, you can work toward qualifying for the best mortgage rates available today – and open up the possibility of refinancing at a lower rate in the future.

How does a lower mortgage rate save you money? According to Trading Economics, the average new mortgage size in the United States is currently around $410,000.2 Let’s compare a 5.0% versus a 6.0% fixed-interest rate on that amount over a 30-year term.

Mortgage Rate

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August 2022 - Jean-Luc Andriot - Submitting a backup offer for Jean-Luc Andriot blog 083022

Were you outbid on your dream home?  You’re not necessarily out of luck.
A backup offer can keep you in the game.
What should you know about backup offers before entering into one?

- You will automatically go under contract if the first buyer falls through.
- You could lose valuable time searching for another home while you wait.
- Just like a primary offer, you’ll be locked into your initial bid.

Having a backup offer in place can help you get the house you want, even if you’re second in line. 

Ready to start your home search? Contact us today!

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What is a HELOC for Jean-Luc Andriot blog 081822

With home values having risen dramatically in the last few years, many homeowners are looking for ways to tap their equity without selling their home or refinancing their primary mortgage. If your home has gained significant value since you purchased it, or you’ve just paid so much of the mortgage down that you’ve got ample equity to work with, a second mortgage on your home might make sense.

Home Equity Lines of Credit (HELOCs) are popular options for homeowners in this very situation. They’re flexible loans which give you a lot of options and time to decide what you want to do with your equity, but they can also be a bit confusing because they don’t work like a more traditional home loan.

HELOCs Are Lines of Credit
The most important thing to

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Video - September 2020 Keller Williams Realty monthly real estate statistics.
This very short video (1:08 seconds) is going to give you the 3 national real estate statistics for this month.
With these 3 numbers, you should be able to "feel" the current market. Just click on the video below.Keller Williams Realty This month in real estate September 2020 for Jean-Luc Andriot blog 091620

  1. The number of projected homes for sale nationally
  2. The national median home price
  3. The average 30 year fixed-rate mortgage rate.

The Boca Raton area market is a little different from the national market. To get insider's information from a local real estate specialist, please be sure to reach out and call us today at 561-406-8880 . We'll let you know how these number may affect you and would be happy to talk about your real estate needs.

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Video - Looking for ways to take advantage of the lowest mortgage?

Mortgage rates hit an historic low, but the best rates are reserved for prime borrowers. So what steps can you take to secure the lowest possible rate?

Video - July 2020 - Jean-Luc Andriot - Add Value To Your Home With These 9 DIY Improvements

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