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Is a Survey Required When Buying a Home?

A survey is an important part of a real estate transaction. It’s highly advisable that a buyer have one done before closing on a home so they have a full accounting of any issues that may exist. And in instances where a lender is involved, a survey is actually required. When a loan is taken…

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More Gains Expected in 2014 for US Housing Market

Experts emphasized recently what they’ve been saying for weeks: The US housing market will show even better gains in 2014. Evidently, experts believe that it will be a good year for housing, despite the fact that sales are likely to level off slightly. Those interested in buying and selling real estate in the US in…

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U.S. Home Prices On the Rise in Most Cities

Great news for interested home sellers throughout the country: The price for single-family homes has increased in 88 percent of the country’s cities! That’s according to third quarter data recently discussed in a Bloomberg article. Experts are saying that the increase is directly attributed to buyers competing for limited inventories as well as a decrease…

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National Housing Market Becoming Increasingly Balanced

The housing market is on the mend and is not as grossly out of whack as it has been in years past, according to a recent USA Today article. Evidently, housing markets across the country are reporting that more homes are coming on the market and asking prices are leveling out. This all means that…

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U.S. Home Prices on the Rise

Home prices continue to climb on the national housing market, according to the most recent reports. Real estate data specialist RealtyTrac recently revealed that property prices across the country are up 5 percent year-over-year. Meanwhile, home sales are up 8 percent. And the news just keeps getting better for national home sellers! More Information on…

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Flood Insurance

Does your homeowners insurance policy cover flood damage? The answer is most likely “no”. The vast majority of flood insurance is written separately through the National Flood Insurance Program (NFIP). The NFIP is managed by the Federal Emergency Management Agency and writes or renews flood insurance for 5.6 million property owners nationwide. It’s important to…

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Interesting facts about Florida home buyers and sellers

Several weeks ago, Florida Realtors released a report profiling home buyers and sellers in the state. The following is a summary of key points from that report: Buyers 25% of buyers were first time buyers, as compared to 39% nationally. The typical Florida buyer was 55 years old compared to 42 years old nationally. 66%…

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Why Citizens Insurance is a Mess

To understand the problems facing Citizens Insurance, it’s important to first understand how insurance is supposed to work. Insurance is simply the transfer of the risk of loss from one entity to another in exchange for a payment. The entity accepting the risk is the insurance company. The entities making the payments (premiums) are people (the…

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What is a Septic Inspection?

Homes in Tallahassee will discharge waste to either the city sewage system or a septic tank. If you own or plan on buying a home with a septic tank, there are some things you should do to save money and headaches in the future. Septic systems are a simple yet reliable way to treat waste….

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The New Mortgage Credit Score

Leading real estate analytics company CoreLogic has partnered with Fair Isaac Corporation (FICO) to develop a new mortgage credit score that both companies say will make more people eligible for mortgages. The new score takes into consideration previously unused consumer data when deciding mortgage eligibility. It’s called the FICO Mortgage Score Powered by CoreLogic and is…

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