If you live in the north, the end of October heralds something besides the end of the leaf-peeping season: it’s also the beginning of another long, cold winter. Do you really want to spend the next five or six months shoveling snow? Whether you’re considering retirement or perhaps thinking of relocating your business, you couldn’t make a better choice than the Sunshine State.
And there’s never been a better time for a Florida home—
with a great Florida mortgage! Real estate in Florida is readily available and there’s something here for every budget. Whether you’re looking for a jumbo mortgage to cover a mansion or seaside luxury condominium, or something more modest for a small retirement home, there’s a property here for you.
But that may not be the situation forever, so the time to act is absolutely… now. “Much of Florida is still well within reach of the middle class,” says Jed Kolko, real estate website Trulia.com’s chief economist. “But prices are rising faster than incomes, and mortgage rates are higher than they were a year ago.” A buyer making the median Palm Beach County income of $51,278 can afford 58 percent of the homes for sale in the area, according to Trulia.
“Housing is not as affordable as it was a year ago, but I still think it’s a good time to buy, considering the price of the property relative to your income,” says Ken H. Johnson, a professor at Florida International University’s Hollo School of Real Estate. “For the average buyer out there, you will notice a difference if you wait a year, in terms of affordability.”
So the Florida real estate market shows that you’re not the only ones considering buying a home in the Sunshine State! Your first move needs to be a visit to a Florida mortgage company to ensure that you can be preapproved for what you’ll need to spend for your new Florida home. Armed with the best possible mortgage in hand, you’ll be in a great position to begin your real estate search.
And Florida mortgage brokers—including Avrus Financial and Mortgage—are standing by, ready to help you find the perfect mortgage for your Florida home purchase. Florida mortgage companies have the experience and expertise with the market, and with the best mortgage for your specific situation and real estate needs.