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Here’s a quick overview of the TRAPS to avoid when on your homeownership journey.

You do not want to make this ‘TOP TEN’ list.

We want to help you avoid some of these ‘traps’ that we’ve seen others make when in the process of buying a home.  It’s easy to get caught up in the ‘property’ part of the process without realizing that the ‘financing’ has such a significant role.

Here are 10 things you want to avoid until after you’ve signed on the dotted line and the keys to that home are yours.

  1. Don’t change jobs… don’t quit your job, don’t take a new job, and definitely don’t become your own boss!

  2. Don’t co-sign on a loan for anyone, not your family, not your friends, no one!

  3. Don’t have your credit report run.  Your mortgage company will run your credit for your loan – this is not the time to test all those clever ‘credit report’ sites advertised on TV.

  4. Don’t change who you bank with – keep the status quo on all your accounts.

  5. Don’t make large deposits – as counter intuitive as it seems – large deposits can throw up ‘red flags’ when reviewed by financial institutions –  just stuff your mattress.

  6. Don’t buy furniture on credit.  Buy it after you close on your home or else that new couch may be the only thing new you get!

  7. Don’t hide.  That loan application you complete should list everything… you don’t want to get denied along the way because you ‘did not recall’ that you had some other financial obligations.

  8. Don’t spend that big hunk of dough that you have set aside for your home purchase!

  9. Don’t go on a spending spree!  Racking up lots on new balances on your credit accounts or even worse missing payments can put a serious wrench in your homeownership plans.

  10. If its got an engine – just say NO.  Don’t got out an finance a new car, motorcycle, boat, whatever.  You can get those new wheels after closing.

Hope these TIPS on what NOT to do when buying a home were helpful.  This is the advantage of working with a professional – someone who can show you the way and where to avoid the common TRAPS.  Give us a call we’d love to work with you.

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As a Realtor and Broker everywhere I go people ask me… “how’s the market?” Chris Dyer, Broker/Owner Eb Stone Realty

Check out this short video where I share my answer to this question.

Here are some additional nuggets that show the market is healthy in our neck of the woods.

  • July 2018 became the 79th month in a row that saw the Florida median sales prices for condo-townhouse properties and single-family homes rise year-over-year.

This shows our market continues to grow.

  • The median sales price for single-family homes in Florida was found to be $255,000, which is up 6.3% from 2017.

This shows our market is growing at a healthy rate.

  • Condos and townhomes were found to have a median sales price of $180,000, which is up 5.3% on last year.

This shows our market is growing from the bottom up.

  • As of Sept 12, 2018 the avg conforming interest rate is 4.78% compared to August 2017 of 3.86%

This shows our market is steady and stable – less than 5% interest rate is still historically extremely low!

And if you need a heavy hitter to convince you, here’s what Dr. Brad O’Connor, Florida Realtors Chief Economist has to say…

We are continuing to see signs that the low-inventory situation impacting the single-family home market has finally stopped getting worse, though it remains constrained…

Remember, it was the Tortoise not the Hare that won the race – constrained is a good thing.  Slow and steady will ensure a healthy cycle in our market.

Hey… if you found this helpful let me know.  And if you’ve got other questions I can answer – please comment and let me know as well.  Always a pleasure to bring you a piece of “what’s up” in the real estate world.  Chris Dyer, Eb Stone Realty

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7 Reasons why you should own a home

Owning a Home is an essential part of the American Dream. Now is the the best time ever to fulfill that dream and begin to build equity.

Here are the top seven reasons to own a home.

1. Tax benefits. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home.

2. Appreciation. Historically, real estate has had a long-term, stable growth in value. In fact, median single-family existing-home sale prices have increased on average 5.2 percent each year from 1972 through 2014, according to the National Association of REALTORS®. The recent housing crisis has caused some to question the long-term value of real estate, but even in the most recent 10 years, which included quite a few very bad years for housing, values are still up 7.0 percent on a cumulative basis. In addition, the number of U.S. households is expected to rise 10 to15 percent over the next decade, creating continued high demand for housing.

3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.

4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

5. Predictability. Unlike rent, your fixed-rate mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will likely increase.

6. Freedom. The home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle.

7. Stability. Remaining in one neighborhood for several years allows you and your family time to build long-lasting relationships within the community. It also offers children the benefit of educational and social continuity.

Comment below, to share why would you like to become a home owner, or what benefit to you enjoy as a homeowner.

Source: Realtor Mag

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Whether we’re at a social gathering making small talk or in a conversation with friends inevitably we always get this question…so, how’s the market?  Everyone wants to know “how’s the market?”  My typical response is… “it’s great!”

Because the truth is… the market is always great for someone. 

Now, depending on what real estate milestone you are trying to reach will have an impact on whether market conditions are ideal for you.  But that doesn’t make the “market” bad… it makes market conditions less ideal for what you are trying to achieve.

The great news is that our current “market” conditions are just about at what we would call NEUTRAL.  You might think HOT would be a better environment but frankly it’s not.  Actually, NEUTRAL  is a healthy and more stable environment to reach more milestones for both sides – BUYERS and SELLERS.  You can download current market statistics below.


Hopefully, you find this to be encouraging news.  We’d love the chance to help you achieve your real estate milestone. Contact Us here.





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Your Realtor doesn’t just open the door…

I became a licensed real estate salesperson when I was 19 years old.  And you could say that I was in the business since middle school.  I remember walking to my mother’s office after school waiting until it was time to call it a day.  That’s pushing 35 years of industry exposure to say the least.  And although the technology has evolved from real estate offices having racks of keys to peoples homes to provide access for buyers to view – to using electronic lockboxes – the role of the salesperson hasn’t changed.

Your Realtor doesn’t just open the door – that’s the least of what they do. 

Their primary function is to be a knowledgeable expert on real estate contract law, a fierce negotiator on your behalf, and a consummate politician – since real estate is a relationship business.  Since, what feels like the beginning of time in our industry we’ve been combating a false narrative of the service we provide – Realtors don’t sell houses.

Realtors are managers of most people’s most expensive financial investment they will ever make.

Which makes sense since our industry is highly regulated and requires extensive licensing to practice.  All this being said – there will still be the select few that might think Amazon’s newest product might be the end of the so called “door openers” that some might ascribe us to be – I think not.