Coconut Creek Real Estate, Remax ParkCreek

Watch this video to find out why you should buy real estate in The Township of Coconut Creek!

Click Here To Tour The Villages in The Township of Coconut Creek

To Begin Your Search for the Perfect Home or to Sell Your Home in
the Township of Coconut Creek, Begin Your Journey by Calling
Silva Stoyanova at (954) 673-4402.

Borrowing money for luxury Coconut Creek real estate just got cheaper. Typically money borrowed for luxury real estate is considered a jumbo loan, a loan of more than $729,750. Jumbo loans traditionally hold higher interest rates and are not backed by government sponsored agencies. The current interest rate for a jumbo loan is 5.48%, rivaling those of traditional 30 year fixed rate mortgages.

The low rates for jumbo loans make purchasing luxury real estate much more affordable than in recent years. Currently luxury Coconut Creek home values are lower than they have been, combine that with the low interest rates and thousands, if not hundreds of thousands, of dollars can be saved over the lifetime of a loan, adding to the affordability level.

The housing recovery has focused on the lower end of Coconut Creek real estate, through tax credits and low mortgage rates. The new low rates for jumbo mortgages should give the higher end a well-needed boost. The luxury real estate market is certain to get a lift from the newly reduced interest rates, luring both buyers and lenders.

Click here to read a recent article from the Wall Street Journal on low jumbo rates.

For the best in Coconut Creek real estate experience and knowledge contact Silva Stoyanova at 954-673-4402.  Silva has access to the Coconut Creek MLS and all available listings in the area.

If you are trying to sell your Coconut Creek home, consider thinking like a home buyer.  Walk around your home, what features do you like?  What parts of your home need work?  From the color of the paint on your walls to how clean your carpet appears, the details are important and the details are what will either attract or repel potential home buyers.

When it comes to paint choose a neutral color.  This doesnt mean a home has to be painted white but a living room certainly shouldnt be painted hot pink or orange.  Taste is subjective and leaving color basic is always best.

The flip side of improving your Coconut Creek home for sale is that a recent psychological study shows that new features like new carpet, fresh paint, new cabinets, and the like signal a Band-Aid approach when listed in ads.  By all means spruce up your home but point out the great features of your home without using words like "new", "newly" and the like.  Apparently some Coconut Creek home buyers see these words as bandages covering a deeper wound.  Attention to detail will help sell your home in a more timely manner.

Click here to read a recent article from Smart Money on the psychology of real estate.

For the best in Coconut Creek real estate experience and knowledge contact Silva Stoyanova at 954-673-4402.  Silva has access to the Coconut Creek MLS and all available listings in the area.

If you are relocating to Coconut Creek Florida, chances are that one of the biggest questions looming in your mind is whether you should buy or rent a home.  Of course only you can make that decision but there are some important factors to weigh.  How permanent do you feel this relocation is?  Do you have to sell a home before you buy a new home?  Are home prices in the area that you are relocating to stable?

There is no doubt about it that buying a home in Coconut Creek today is more affordable than ever.  Low mortgage rates, higher than normal inventory levels and low home values combine to make an ideal buyers market when it comes to real estate.  If you already own a home maybe renting it out until the market stabilizes or improves makes sense.  If you can hold on to your current home, cover its mortgage, and qualify to buy a new home, you could be in an ideal situation.

Examine the affordability levels of your new location.  Is it less expensive to rent, or would a monthly mortgage payment be the same or less than paying rent?  Find a Coconut Creek Realtor that comes highly recommended and pick his brain.  Get to know your new area and weigh the pros and cons of renting vs. buying heavily, after-all, buying real estate is a big investment.

Click here to read a recent article from Bankrate regarding selling vs. renting a home when relocating.

For the best in Coconut Creek real estate experience and knowledge contact Silva Stoyanova at 954-673-4402.  Silva has access to the Coconut Creek MLS and all available listings in the area.

If you are looking at buying Coconut Creek real estate the home buyer tax credit may be gone but assistance is still out there.  Potential first time home buyers have options to explore when considering jumping into real estate.  One of the first hurdles when buying a home for the first time is often coming up with a down payment.  Even a good saver may have a hard time saving the thousands that can be necessary for a down payment.  Luckily there are options for help.

The Department of Housing and Urban Development (HUD) has many assistance and reference programs.  HUDs website has links to Habitat for Humanity, rural housing, and a number of home buyer programs in your area.  The HUD website can be a great resource, offering a wealth of information on what is involved in purchasing a Coconut Creek home.

The Federal Housing Agency (FHA) is another agency offering information and assistance.  The FHA helps buyers buy homes with both low interest rates and a small down payment. Where a standard down payment can be anywhere from 10 to 20%, an FHA loan can require as little as 3.5% down.  Standard loan fees can be wrapped into the loan through FHA as well.

If home ownership seems like a pipe dream, it doesnt have to.  If you have a steady source of income then you have mastered one of your biggest hurdles.  Contact a Coconut Creek real estate professional today to learn more about purchasing real estate in your area.

Click here to visit the HUD website.
Click here to learn more about FHA.

For the best in Coconut Creek real estate experience and knowledge contact Silva Stoyanova at 954-673-4402.  Silva has access to the Coconut Creek MLS and all available listings in the area.