Saving It for Later! I just wanted to say kudos on your July 2017 issue of Florida Realtor magazine. Although your magazine is always insightful, the July issue is particularly invaluable due to its abundance of great articles, such as “ Better Than a Crystal Ball,” on page 18, “Fanatical Prospecting,” on page 20 and “Staging with Words,” on page 34. Not only did I read the magazine from cover to cover, but I saved it to implement all the great advice. Lydia Moldovanu, e-PRO The Realty Pros, Boynton Beach Remove the But with an FHA 203(k ) Loan “I absolutely love this house, but I just can’t afford the place knowing I’ll have to replace the (insert home improvement need here).” If your customers raise objections like this, let them know about FHA 203(k) loans, which allow for some down payment flexibility while helping buyers get additional financing for home improvements, such as air-conditioning units, roof repairs and landscaping. When used properly, a 203(k) loan opens a completely new avenue of business for real estate partners on both the selling and the listing side. With a 203(k) loan, you can expand on the menu of homes that fit your customer’s budget. The FHA 203(k) program previously earned a poor reputation for being over complicated and expensive and for taking too much time to close. In response to criticisms like these, many lenders are building out teams for servicing these products. Understanding how various mortgage products can help us move inventory can be the key to taking our business to the next level. TALK TO US! because we love to talk about you! Send us your comment on an article, an idea for a new one, the story of your success or just a funny story; email us at email@example.com. Find Us Online! What’s happening with Florida Realtors online How’s the housing market in my county? Glad you asked! The Florida Realtors® Tableau Interactive Graphics tool on floridarealtors.org allows you to quickly check median sales prices in each Florida county and compare prices over a 10-year span. Choose from a variety of housing metrics and property types, such as new listings, closed sales and inventory of active listings. Use this tool at a listing presentation or on the go when you’re talking with someone who’s curious about a real estate trend or activity in a specific location. Results can be viewed online, downloaded, printed and shared across business and social networks. From your desktop or tablet, just click on each county in the Florida map to view and compare metrics. TRY IT OUT: floridarealtors.org/ResearchAndStatistics/Interactive-Graphics/Index.cfm (login required)
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