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Showing posts with the label homebuyer tips

Same Home. Same Buyer. $44,000 Saved — Pembroke Pines & Miramar Edition!

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When you’re buying a home in Pembroke Pines/ Miramar , one of the smartest moves you can make is shopping around for a lender.  Many buyers assume rates are the same everywhere, but they aren’t. A recent Realtor.com ® analysis of nearly two million loans found that borrowers who compared multiple lenders saved an average of $44,000 over the life of a 30-year mortgage.  But saving money doesn’t stop there. Beyond finding the right lender, read on to learn other ways to reduce your monthly costs, as well as the total cost of your home. If you want to buy a home in Pembroke Pines / Miramar without going overbudget, this guide will show you where those savings are hiding. Your Choices Matter More Than the Market Mortgage rates move up and down with the broader economy, but your personal rate depends largely on your own financial picture.  Realtor.com ’s research showed that when average rates hovered around 6.6%, borrowers with stronger profiles were able to secure rates cl...

Before You Buy That Fixer-Upper, Read This!

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  For the first time in years, existing homes (yes, the older ones that often need updates) are selling for more than brand-new construction.  According to the latest numbers , the median price of an existing home is $429,400. For a newly built home? $410,800. That’s an $18,600 difference. So if you’ve been eyeing a resale home thinking it’s the “cheaper” option, you might want to check out all your options. Let’s break down what’s going on, why it matters, and what it means if you’re thinking about buying a home. The Numbers Say It All It used to be that brand-new homes were priced way above resales. From 2010 to 2019, the gap between new and existing homes averaged about $66,000. Over the past five years, that gap narrowed to around $25,000 on average. Things first flipped in Q2 and Q3 of 2024, when the median price of existing homes surpassed new homes for the first time. And now in 2025, that trend is holding strong. Not only are resale homes more expensive than new const...