The Mortgage Process can be scary, but it doesn’t have to be

by leoalbanes 31. October 2016 04:23


Buying a Home | General

2015 National Housing Pulse Surveys Says: Americans Think Buying a Home Is a Good Financial Decision

by leoalbanes 10. November 2015 07:39

Homeownership Builds Wealth and Offers Stability

The most recent Housing Pulse Survey released by the National Association of Realtors
revealed that the two major reasons Americans prefer owning their own home
instead of renting are:
Read More



Buying a Home | Home Ownership

Baby Boomers Finding Freedom In Retirement

by leoalbanes 6. November 2015 12:07

Within the next five years, Baby Boomers are projected to have the largest household growth of any other generation during that same time period, according to the Joint Center for Housing Studies of Harvard. Let’s take a look at why. Read More


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General | News

Qualify for a Mortgage? What Do You Really Need!

by leoalbanes 3. September 2015 08:20

According to the report, 36% think a 20% down payment is always required. In actuality, 

  Qualify for a Mortgage

there are many loans written with a down payment of 3% or less.  Read More...

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Home Prices Rising!

by leoalbanes 2. September 2015 06:10

Quicken Loans, each month, releases their national Home Price Perception Index(HPPI).

This month’s report revealed that the difference in appraiser home value opinions as compared to homeowner estimates is continuing to increase. Chief Economist Bob Walters explains: Read More...

Home Prices Rising!

by leoalbanes 2. September 2015 06:10

Quicken Loans, each month, releases their national Home Price Perception Index(HPPI).







This month’s report revealed that the difference in appraiser home value opinions as compared to homeowner estimates is continuing to increase. Chief Economist Bob Walters explains: Read More...

4 great benefits of buying now as opposed to waiting for a better opportunity down the road:

by leoalbanes 22. June 2015 11:25

1. Home Ownership is now more affordable then renting.

According to a recent articles, rents are up nationally 3.7% over last year with some markets seeing an increase of 5.3%. If you continue to rent, your rent will increase annually. If you obtain a fixed rate mortgage, you will be paying the same monthly payment for a period of 15-30 years.

2. Home Ownership means the creation of wealth.

A good portion of someone’s wealth comes from the property they own, including the one that they live in. According to a recent Home Price Expectation Survey, each year over the next five years, home values are expected to increase on an average of between 3 and 4 percent. This means that if you purchase a $250,000 home this summer, your wealth would increase almost $50K before 2020.

3. Interest rates are still at record lows.

The all-time high for interest rates was in 1981, when rates went as high as 18%. Currently rates are still low, but Freddie Mac projects that will increase approximately 1% before the end of the year. A one-point increase in interest means that you will spend more on interest. As a result, you will be able to afford less.

4. Home prices are increasing.

The market is on the move. More buyers and sellers are coming into the market and there is an increased demand for homes as more people recover from the Recession. In fact, the S&P/Case -Shiller Home Price Index recorded a 4.1% annual gain in March 2015 with a 0.8% increase for the month. Combined with the fact that interest rates are also increasing, it becomes much more important to make your next home purchase as soon as possible.

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General | News | Real Estate Industry

Median Days on the Market by State Infographic

by leoalbanes 15. April 2015 17:02 

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General | News

Homeownership Creates Family Wealth

by qleoa 15. April 2015 16:56

Matthew Rognlie, from the Department of Economics at MIT, recently released a paper: Deciphering the Fall and Rise in the Net Capital Share. One of the major findings of the report is that homeownership is and has been for the last fifty years a major component to family wealth. An article on the study in The Economist notes one of the findings of the study:

“The return on non-housing wealth, in fact, has been remarkably stable since 1970. Instead, surging house prices are almost entirely responsible for growing returns on capital.”

This came as no surprise to us as the Federal Reserve previously reported that the net worth of families that own their own home is 36 times greater than that of families that rent.

Bottom Line

HousingWire’s Senior Financial Reporter, Trey Garrison, summed it up well in his reporting on Rognlie’s study:

“Homeownership has consistently created generational wealth more reliably, and more ‘democratically’, than any other asset class. And it does so in a manner entirely ancillary to its primary purpose of giving you a place to lay your head and keep your stuff.”


When Is The Best Time To Sell Your Home?

by leoalbanes 6. January 2014 09:01

Every homeowner who is ready to sell their home wants to put themselves in a position to sell quickly, and at the best price. Many homes sit on the market for years, waiting for the right buyer, and this lengthy process keeps the seller in uncomfortable limbo. There are important factors to consider, and some crucial points to be aware of, when it comes to selling your home in a timely manner. The smoother and quicker the process, the easier it becomes for the seller to move forward into their new homes.


Spring Fever

Spring fever—everyone gets their dose of it. But in the real estate industry, this term can take on a whole new meaning. The spring is a perfect time to prepare a home for sale, and tax returns put more money into the pockets of potential buyers. Agents become energized this time of year, knowing that potential buyers are more likely to want to settle into a new home by summer. The summertime is often the best time for families to move. Everyone can get settled and adjusted into their new neighborhood before the fall school season.

Remember, however, that the market will also be more saturated during the spring. When it comes down to it, the final price of a home is dictated by the market, which brings us to our next factor to consider.


State of the Market

Are you entering a buyer’s or seller’s market? What are interest rates like, and are they on their way up or down? Is the economy stable? Are there tax incentives available for those who buy or sell at a given time? These are all questions that should be asked and researched to know whether now is the time to put a home up for sale. If you know the answers, you’ll be in a better position to negotiate and better able to predict the types of offers you’ll ultimately receive.



That’s right, Thursday. Just in time to show your house over the weekend and hopefully attract a full price offer before it’s been on the market for too long. Also, try to list when the weather over the coming weekend will be especially pleasant.


Seek Professional Advice

Since all homeowners have different situations, it is best to consult an experienced, hardworking real estate agent like Leo Albanes for further considerations in putting your home on the market. He knows the Charlotte County, FL area, and he knows the ins and outs of what your home is worth and how to get the most for it.


Think now is a good time to sell your home? Why not try a few of our tips for increasing its value? In the meantime, visit for information on selling (or buying) a home in the Punta Gorda, Florida area.