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6 Home-Selling Myths

September 17th, 2019 by tisner


When the time comes to sell your home, you get all sorts of advice from friends and family, as well as the internet.  Accepting 
all of that information as fact isn’t a good idea, because following all of this advice may end up costing you money and time. Let’s look at some of the myths you may be taking as truths about selling your home: 

  • “My house is worth (much more or less than you thought) according to this website!”  Online estimators are not dependable when it comes to assessing the value of your home.  They can’t see the interiors, the condition of the roof, landscaping–you get the idea.  Your REALTOR® is your best source for setting a value for your property. 
  • “This kitchen needs remodeling before anyone will even consider buying this place.”  A thorough cleaning, sprucing up of the cabinets with new paint and hardware and installing an inexpensive backsplash and new faucet can make your kitchen a total selling point.  Spending too much on a complete renovation can cost more if you don’t get your return on investment. 
  • “If I overprice the house, then negotiate an offer, the buyer will think they’re getting a steal of a deal!”  In today’s world, most homebuyers have done their research, and may overlook your home simply because of the high asking price.  Have confidence in your agent’s ability to price it right.   
  • “Weekends are the only days I can have the house available for viewing.”  Setting limits on when an agent can bring potential buyers to the house is like putting up a Not For Sale sign in your yard. If you want the house to sell, it must be accessible even when it’s not convenient for you. 
  • “I’ll wait until I get a few more offers.”  Rejecting the first offer for a wait-and-see can leave your house on the market longer, which can lead to fewer offers.  Buyers will wonder if something is wrong with the house when they see the length of time it’s been for sale, leaving your home overlooked in their house hunting. 
  • “Hiring a real estate agent is going to cost too much.”  When you contract with a REALTOR®, you’re getting a professional that knows the market, handles the listing, marketing, showing, knows legal aspects of selling a home, and much more.  Taking the risk of selling your house on your own could cost you much more than an agent’s commission in the end. 

Discuss your ideas and fears with your REALTOR® and allow them to guide you through the home-selling process.  Choosing a reputable and knowledgeable agent will help with any concerns you may have, helping you debunk the more common myths about selling a home. 

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Photo credit: Jon Hesse

Selling Your Home From Out of State

September 3rd, 2019 by tisner


When a move out of state is necessary, selling the house your leaving behind may seem scary. A well-thought-out
 plan is an absolute must for the sale to go smoothly.  Read on for some tips to help you get your home-selling plan in place: 

  • Look for a REALTOR® who has experience with long distance sales and is comfortable handling the process with a seller that isn’t local.  Be available for lots of electronic communication with them. 
  • Find a tax attorney or accountant with a background in handling out-of-state home sales, because you may have double capital gains taxes to pay.  A professional will be able to walk you through the tax process and let you know if there are any credits you can claim at the end of the year. 
  • Unless your current home is paid for, you will have to pay as if you live in two homes once you move.  Bridge loans are always a possibility, and you’ll need to be certain your home sells within a certain time period, as bridge loans are short-term.  Learn more about bridge loans, and decide if one is the right fit for your budget. 
  • Pricing to sell as soon as possible is imperative, so make certain you and your agent are on the same page.  From realtor.com®: “Your for-sale listing will have the most impact as soon as it is published. That’s when you’re most likely to get fair market value for the home—before people start questioning why your house has sat on the market for so long. 
  • Consider a remote closing, especially if you are so far away that when it comes time to close on the property, you have to spend a lot in travel costs. 
  • Consult your insurance agent before you move, as your homeowner’s insurance will need some changes on your policy, as the house will be vacant. 
  • Leave the electricity on, and have timers on outdoor lighting, and in a few rooms inside.  Keep your security system in place, as well. 

Be wary of cash offers that aren’t through your real estate agent, as well as calls from those who call themselves investors.  Smart scammers see an empty house and know that the sellers are eager to move on.  In case the sale doesn’t happen within a certain time frame, talk to your agent about whether leasing or renting is a good idea for you.  Just keep in mind that your situation needs a REALTOR® with experience and confidence to handle the transaction. 

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Photo credit: LegalZoom

Understanding a Home Appraisal

June 18th, 2019 by tisner


During the selling/buying process, after the purchase agreement contract is signed, lenders order a home appraisal.  They want to be sure that the property 
is worth the mortgage they are getting ready to issue to the buyer, or in case of refinancing, the owner.  An appraisal is different from the home inspection, which should have already taken place.   

  • The lender typically schedules the appraisal with a licensed professional, who contacts the homeowner to schedule a time.  Some appraisers don’t mind the owner being present, but usually work alone. 
  • Sellers should have a few things readily available:  recent tax information, property survey, a list of what is being sold with the house, any addition construction information, including cost and construction date. 
  • The assessment can begin before the appraiser even steps onto the property, as they do market information about the house, as well as research comparable sales in the neighborhood, much like the listing agent did for setting the price for the house. 
  • Like someone viewing the house for purchase, the appraiser takes in the exterior appearance, curb appeal, looks for upgrades or additions, as well as the appearance of surrounding homes. 
  • The appraiser takes note of how many rooms are in the house, as well as size, building materials and finishes. 
  • Condition of everything is taken into consideration, including the foundation, exterior finishes, wear on flooring, what shape the windows are in, and all home systems. 
  • The appraiser will also access the basement, attic and crawlspace to check for water or insect damage. 
  • Most of the time, the appraisal fee is set in the loan agreement, but in case it is not, the buyer pays the fee in the closing costs. 

Although the actual property inspection may take a few hours, the appraisal itself is normally given to the lender in an average of seven business days. Appraisers commonly use the Uniform Residential Appraisal Report. If everyone has done their homework, literally and figuratively, the value of the home will meet the selling price, and the new buyers will soon be on their way to home ownership! 

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Photo credit: blog.militarybyowner.com

Ready to Sell Your Orlando Florida Home?

May 14th, 2019 by tisner


Whatever the reason behind the desire to sell your home, it’s not as simple as hiring an agent to put up a For Sale sign in the front yard.  If you want a successful sale, there are things you need to know and do!  Follow these tips for smooth sale-ing:
 

  • Do a bit of local research and choose at least three real estate agents to meet with and interview to find the best agent for you and your home’s sale.  
  • Gather every bit of “official” information about the house and property:  major appliance and home system ages, dates and permits for any renovations or additions made to the house, warranty paperwork that still applies for any part of your house, including the roof, and any information about your mortgage, if you still have one. 
  • Be open to fully trusting your agent about when to list the house, as well as pricing.  Selling homes is their business, and they know about the market, what homes in your area are selling for, as well as knowing buyers who are ready to purchase a new home. 
  • Emotionally speaking, you have to “check out” of your home.  You must step back and begin to look at it as a house, and someone else’s future home. 
  • Familiarize yourself for what you will need as a seller at closing, so everything will be in order when the time comes. 
  • Get ready for some work!  Your house needs to be thoroughly cleaned, decluttered, depersonalized and may need some cosmetic work, such as painting, new carpet, or fresh landscaping.  Remember that first impressions are important when it comes to selling your house. 
  • Do you plan to move before the house is sold?  If so, you need to add the cost of staging to your budget, because you want potential buyers to see it as a home, and not an empty shell. 
  • Realize that your family’s schedule will be interrupted during the showing process.  The more home-seekers who come through your door, the more your chances are of selling.   
  • Having a pre-sale inspection done on the house is a wise decision to make.  Once it’s complete, make sure you address any problems the inspector finds, or discuss your options with your RealtorⓇ, such as lowering your asking price, or offering a repair credit. 
  • Before making any upgrades in your house, such as installing a steam shower to the master bath, or integrating smart home features, talk with your agent to make sure they will be worth it in the end.  They will know what is desirable in homes in your market, and it could save you a bundle. 

Last of all, be patient; unless you get lucky with a quick offer, houses can take a while to sell, and there’s nothing wrong with that.  Talk to your RealtorⓇ about the ins and outs of selling–they’ve usually been involved in every situation imaginable.   

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Photo credit: reliefrealestate.com

Open House Etiquette

May 7th, 2019 by tisner

Open House Etiquette
The house you’ve had your eye on has advertised an Open House, and though you haven’t started your official house hunt, you’re dying to see it.  If you’ve never been to an open house, there are a few things you need to know before you visit–you want to ma
ke as good an impression as the house! 

  • Dress casually, and maybe even wear slip-on shoes, as some homeowners prefer guests to remove their shoes.  
  • Be on time (maybe even early so you can be the first ones there):  unless there’s an absolute emergency, you don’t want to get there when lots of others are in attendance, nor do you want to get there as the agent is locking up to go home. 
  • Let yourself in!  An agent may greet you at the door, or they may be waiting for visitors in a central room.  Remember that different agents have a different method, so be prepared for a self-tour, or an agent who would like to give you a tour. 
  • Signing in is sometimes optional, but some homeowners require it for their protection, and if you’re ready to start looking for a home, the attending agent can have your contact information so you can talk with them about your needs. 
  • If you already have a buyer’s agent, the polite thing to do would be to let the attending agent know who your agent is. 
  • While others are looking around, wait until they’re out of a room before you go in, giving them space and privacy. 
  • Most houses on the market don’t have closed access, but if you come to a closed door at an open house, ask the broker if it’s okay to go in and look around.  Sometimes another guest has mistakenly closed a door. 
  • At the same time, don’t open medicine cabinets or anything else that could have the seller’s sensitive personal items, and make sure it’s okay to check out closet space before you go into the bedrooms. 
  • Only take photos with permission.  Most of what you need to know is already provided in the open house flyer and online. 

Take the brochure or flyer the agent has available and take notes on it as you tour the house. Once you’re finished with the walkthrough, stop and ask the agent any questions you may have about the house, and write those answers down. This is especially helpful if you’ve taken a day to visit several houses and will make any discussions with your significant other or your agent much easier. 

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Photo credit: agentimage

For Sale By Owner for Sellers and Buyers

April 16th, 2019 by tisner

for sale by owner
Some homeowners think they’ll be saving a ton of money by choosing to sell their home themselves, and unless they’re a real estate agent, that may be so.  If you are interested in a house that is offered for sale by the owner (FSBO) what’s the risk for you
?  Read on to find out why it’s not a good idea for seller or buyer: 

Sellers 

  • According to realtor.comⓇ, the listing agent and buyer’s agent split about 6% of the home’s sale price.  You’ll need to calculate how much it costs you to stage and photograph your home, get an MLS number, market the house, take time from work to schedule showings as well as host the showings, do all of the paperwork involved, and contact and pay attorneys and others who are involved in a home sale, and compare it to the commission you believe you’ll give up to an agent.   
  • To be fair, the seller should offer a 3% commission to the buyer’s agent.  Otherwise, most agents won’t bring anyone who’s interested to your home for a showing. 
  • Sellers are responsible for any mistakes that have occurred once the transaction is in motion.  If you don’t purchase errors and omissions insurance, you may end up paying out of pocket in court or settle out of court for those mistakes. 
  • Pricing your home takes more than just an online search for sold homes in your area, and not only can you overprice your house, but you can lose thousands by underpricing. 
  • Scammers abound and can cost you in many ways.  These criminals target FSBO homeowners, because the scammers are savvy enough to make their offer look legitimate.   

Buyers 

  • Beware the owner’s asking price.  Since the majority of FSBO sellers don’t have the experience to set a good market value on their home, their quote will likely be too high. 
  • Be prepared to wait some time to see the home.  Most homeowners have full-time jobs, and you’ll have to view the home on their time, with them as your host. 
  • If a seller tells you their house is in perfect condition, and you can save money by not hiring an inspector, walk away.  Every house even brand-new houses should be inspected before changing hands. 
  • Ask the seller what fees they plan on paying, and in the case that they ask to share the costs with you, it’s time to find another house. 
  • Do your own research on the house, make sure the person you’ve talked with is the actual owner, and proceed with caution.  There are scams that involve an empty house, FSBO signs, and scammers who will take your money and run, because they aren’t the rightful owner. 

The best advice: hire a RealtorⓇ.  Not only are they the ones taking the risk in selling your home (or not), licensed real estate agents know everything you don’t know about selling and purchasing, devote all their working hours to home-buying, and can protect your investment as well as a buyer’s interests. 

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Photo credit: KCM

Protecting Yourself from Moving Scams

April 9th, 2019 by tisner

Protecting Yourself from Moving Scams
It appears
 every week, we’re reading about a new scam to be watchful for, and sadly, moving scams are out there.  Some news reports have shown interviews with families who have never found their belongings months after a move!  Protect yourself by keeping these tips in mind when hiring movers: 

  • Reputable moving companies charge a fee based on weight, along with their base fee.  If you’ve talked with someone who has given you a basic price without coming to your home to estimate, or who doesn’t look at everything you have, they may throw an extra fee on your balance before they’ll move your items into the new home. 
  • If the movers ask for a deposit, find another company.  Paying money up front takes away your control over having your belongings delivered where and when you want them.   
  • Before you or the movers start packing, take a written inventory of your things, and take photos of fragile, expensive, or irreplaceable items. 
  • Get a contract, go over it with a fine-tooth comb, and once it’s signed, make your own copy so you won’t have and edited version with added charges once it’s time to deliver to the new home. 
  • If you’re moving to another state, movers are required to give you a booklet called “Your Rights and Responsibilities When You Move,” according to the Office of Inspector General. If the company you’re interested in doesn’t offer it to you, ask for it, and if they don’t have it, find another mover. 
  • Once things are packed, number your boxes and list them on your inventory, and once you’re moved in, unpack or at least look in every single box.  Your time for filing damages is limited, and the sooner you get that done, the better. 
  • Most mover’s insurance only covers damage to items that they packed.  If you insist on packing some things yourself, take them with you in your vehicle or rental. 
  • Stumped on finding a reputable company?  Head over to the American Moving and Storage Association’s website, where it’s easier to find a mover in your area. 

Remember, your RealtorⓇ knows all about the ins and outs of moving and can help you locate a good company who will take care of your worldly goods and treat you right. 

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Photo credit: azbigmedia.com

Should You Use Your Home Equity?

April 2nd, 2019 by tisner

Should You Use Your Home Equity?
If you have a good amount of equity in your home, and would like to make some home improvements, or need money to help you pay for a child’s college tuition, you may be considering using the equity in your home to help pay for these things.  Let’s look at 
the difference between the two so you can make the right decision before you sign on the dotted line. 

Home Equity Loan 

  • Basically speaking, a home equity loan is a second mortgage on your home, which is used as collateral by the lender.  
  • The lender usually bases the loan amount on the difference between the homeowner’s equity and the home’s current market value.  Investopedia can help you determine how much equity you have in your home. 
  • Most lenders allow homeowners to borrow up to 85% of the home’s total value, but only based on what portion you actually “own.” If you haven’t finished paying your original mortgage off, your equity will be less than someone who has paid off their home loan. 
  • A home equity loan will be paid as a lump sum and comes with a fixed interest rate. You will know how much you must pay every month, in addition to your current mortgage payment. 
  • Just like the initial purchase of the house, your credit needs to be in good standing, so have all your financial records in order when you meet with your lender. 

Home Equity Line of Credit (HELOC) 

  • HELOC’s are a second mortgage as well, but instead of a lump sum, the homeowner typically has a five-to-ten-year “draw” period where they have access to the amount of the credit. 
  • During the draw period, some lenders allow interest-only payments on the amount, while some require principle-plus-interest payments. Either way, pay more than the minimum so the principal can be paid off before the repayment period. 
  • Once the draw period is over, repayment of what credit you have used will begin.  Keep in mind that these payments will be higher than the earlier amounts you’ve been paying. 
  • Your line of credit can be used for anything, but if you’re thinking about an island getaway, or some other non-essential purchase, you are better off starting a savings fund.  If you can’t meet the payments once the draw period is over, you could lose your home to foreclosure.  
  • In some cases, a lender will close your line of credit early if your circumstances change.  If you’re using that money to pay your child’s college tuition, you’ll no longer have access to it, creating financial strain. 

Before deciding to use either of these types of credit, find out if using the equity in your home is the right way to go.  If you’re already having a hard time paying the bills, a home equity loan or HELOC will only put your further in debt.  Contact a HUD-certified financial counselor to help you get your debt and other financial matters under control. 

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Photo credit: cnbc.com

Before You List Your Home…

February 26th, 2019 by tisner

It’s time to get ready to put your home on the market, and there are some things to think about before you have it listed.  There’s work to be done, and some dos and don’ts that should be taken into consideration if you want your home to sell! 

  • The exterior of your home is the first thing a potential buyer sees; paint the siding, if necessary, and make sure the roof is in great shape.   
  • Clean up the yard, front and back, and add some seasonal plantings for color. 
  • A deep clean inside is necessary.  Wash windows, (inside and out), walls, draperies, scrub the bathroom’s every cranny, and shampoo the carpets. 
  • If you have pets or a smoker in the home, a professional clean may be necessary, or even a new coat of paint on the walls. Pet odors and cigarette tar stay on everything.  Ask a friend or neighbor to come in and do a smell test and tackle any issues that they share with you. 
  • Deciding what colors to paint the walls shouldn’t be of your personal taste.  Choosing neutral colors is best, and don’t stop at the living areas walls–paint every room. 
  • Check all the doorknobs, and if any are sticking or simply not working, replace with similar hardware, or replace all of them.  It’s also important for all the exterior door locks to be in proper working order and replace any that aren’t. 
  • Major repairs or restoration should be done by a pro or an experienced DIYer.  If you choose not to make a repair that you know is needed, you’ll have to be up front to your agent, make the needed fix is listed in your disclosure, and be ready to lower your selling price. 
  • Sellers want their home to stand out, but don’t overdo it!  Using generally popular fixtures and finishes is better than going with the latest trend. 
  • Even if your storage space is limited, make it appear like there’s plenty of room.  Remove seasonal clothing from closets, as well as occasionally used kitchen gadgets from cabinets and counters, and put them in storage with the rest of your things. 
  • Consider staging, and if you can’t afford to go full scale, find a designer that will use your furniture and decorative pieces to maximize space, as well as have it looking its best. 

Lastly, don’t go it alone; find a RealtorⓇ that knows all that you don’t about selling your home.  Using an agent gets your home “out there,” and will make the process easier for you as well as for the buyer.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Photo credit: shutterstock

Study: Fla. top state for in-migration from other states

December 17th, 2018 by tisner

Average homeowner gained $12K in equity in 3Q
CHARLOTTE, N.C. – Nov. 5, 2018 – LendingTree’s latest State Migration Study discovered that 12.1 percent of homebuyers across the country plan to change states and most plan to head south – and the largest number prefer Florida. It’s the top destination for residents of 15 out of 50 U.S. states, most of which are located up and down the East Coast.

To do the study, LendingTree reviewed more than 2 million new-purchase mortgage loan requests for primary residences in all 50 states in 2018 through mid-November to find what percentage of all requests were from residents looking to move outside of their current state and where their destination would be. The results details the most popular new locations for homeowners in each state, along with the states with the highest percentage of requests to move to other parts of the country.

Of all purchase mortgage requests during the study’s period, 9.1 percent were for Florida, LendingTree reports. For out-of-state movers, 12.4 percent of requests were for Florida. The Sunshine State has a long history of bringing in visitors and new residents, particularly retirees.

Texas residents love the Lone Star State. Texas had the fewest percentage of residents looking to move out of state – only 6.6 percent – but Florida was also the top destination for the few considering a longer ride in a moving van. Texas was also the top move-to state for residents of six other states.

However, Florida also had fewer residents looking to move away. After Texas, only 8.6% of Michigan residents are considering such a move – but again, their top choice is Florida.

For the 8.9 percent of Florida residents considering an out-of-state move, it won’t be a long drive: 13.8 percent listed their top preferred state as Georgia.

Alaska has the most residents looking to move away – 24.8 percent. The top destination out of Alaska was Washington state.

Most people looking to move out of state don’t want to go far – more than half of them chose a state next door. But if they are looking to move cross-country, chances are it’s to Florida. Of the 20 states where the residents’ most popular new location doesn’t border their current state, 13 were Florida.

States that list Fla. as their No. 1 move-to destination

  1. New York: 21.3% want to move; 21.5% of them prefer Florida
  2. New Jersey: 17.5% want to move; 21.8% of them prefer Florida
  3. Connecticut: 17.3% want to move; 23.9% of them prefer Florida
  4. Vermont: 17.2% want to move; 19.6% of them prefer Florida
  5. Illinois: 14.2% want to move; 14.2% of them prefer Florida
  6. .Maine: 11.3% want to move; 21.0% of them prefer Florida
  7. Wisconsin: 10.6% want to move; 15.6% of them prefer Florida
  8. 8.Kentucky: 10.5% want to move; 15.4% of them prefer Florida
  9. Tennessee: 10.5% want to move; 15.8% of them prefer Florida
  10. Indiana: 10.0% want to move; 15.8% of them prefer Florida
  11. Alabama: 9.3% want to move; 22.4% of them prefer Florida
  12. Georgia: 9.2% want to move; 26.5% of them prefer Florida
  13. Ohio: 9.1% want to move; 20.7% of them prefer Florida
  14. Michigan: 8.6% want to move; 22.0% of them prefer Florida
  15. Texas: 6.6% want to move; 10.1% of them prefer Florida

© 2018 Florida Realtors®

https://www.floridarealtors.org/NewsAndEvents/article.cfm?id=374913

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Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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Teri Isner, CIPS, CRS, GRI
Keller Williams At-The-Lakes
1170 Celebration Blvd
Suite 200
Celebration, Fl 34747

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