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 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.

When it comes to Coconut Creek real estate there are many bargains out there and if you are a home buyer this is your time to shine.  The benefit of being a home buyer today is that you can afford to be picky, after-all you are in charge.  You may be looking at five houses, which one is best for you?  Which one has the best schools, the best amenities, the best features?  Maybe two of them do, you can make offers with both and see which seller will give in more.  Todays Coconut Creek home buyer has the position of bargaining power.

Low mortgage rates, which are at historic lows and do not appear to be rising any time soon, high inventory and a continuing stream of foreclosures continue to keep homes prices at reasonable, if not bargain, levels.  Low mortgage rates alone help make the cost of buying a home more reasonable than in recent years.  High inventories are making home prices competitive and foreclosures, while they may have slowed, are still coming.

The bottom line is that it is possible to find a great Coconut Creek real estate bargain today.  There are sellers that are motivated out there and if you are a buyer you have an opportunity to stand your ground and try to get the best deal that you can.

Click here to read a recent article from Realty Times regarding the real estate market and the deals that exist.

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.