Allan Stofer's Blog Posts

Credit Scores and Mortgages

What Credit Score Do You Need for a Mortgage?According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans

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To Renovate or Not To Renovate Before Selling

To Renovate or Not To Renovate Before You SellWhen thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However,

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Tailwind to Today’s Recovering Economy Is Housing

What Is the Strongest Tailwind to Today’s Recovering Economy?Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy,

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6 Simple Graphs Proving Housing Is Nothing Like 2008

6 Simple Graphs Proving This Is Nothing Like Last TimeLast March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime

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3% Mortgage Rates: How Upset Should You Be

How Upset Should You Be about 3% Mortgage Rates?Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July.

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Making A Winning Offer On A Home: The How To Guide

How to Make a Winning Offer on a HomeToday’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively

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Preparing Your House for a Winning Sale This Spring

How to Prepare Your House for a Winning Sale This Spring Some HighlightsWith so few homes available to buy today, houses are in high demand, and they’re selling fast.That means it

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Is It Smart To Buy A Home Today

How Smart Is It to Buy a Home Today?Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be

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Is It a Good Time to Sell My House?!

Is It a Good Time to Sell My House?Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain

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A 20% Down Payment Isn't Usually Necessary - But Does Have Some Benefits

A 20% Down Payment Isn't Usually Necessary - But Does Have Some Benefits If you’re thinking of buying a home this year, you may be wondering how much money you need to come up

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Today’s House Sellers Have Leverage, But How Much?

How Much Leverage Do Today’s House Sellers Have?The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short

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Houses? Where Have You All Gone?!

Where Have All the Houses Gone?In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for

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Low Mortgage Rates: Will They Continue through 2021?

Will Low Mortgage Rates Continue through 2021?With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout

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Home Equity: How It Can Have a Major Impact on Your Life

3 Ways Home Equity Can Have a Major Impact on Your LifeThere have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the

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Is It Time to Buy a Bigger Home Millennials?

Millennials: Is It Time to Buy a Bigger Home?In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between

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Ways You’ll Win When You Buy a Home This Year

3 Ways You’ll Win When You Buy a Home This YearThere are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If

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Buyers Surprised by How Affordable Homes Are Today

47% of New Buyers Surprised by How Affordable Homes Are TodayHeadlines matter. Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become

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The Luxury Market In 2021

The Luxury Market Is Attracting Buyers in 2021As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In

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We’re Definitely Not in a Housing Bubble

3 Reasons We’re Definitely Not in a Housing BubbleHome values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some

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Foundational Benefits of Homeownership Today

6 Foundational Benefits of Homeownership TodayOver the past year, our homes have become an integral part of our lives more than ever. They’re much more than the houses we live in. They&rsquo

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You DON'T Need 20% Down Payment to Buy A House!

Do I Really Need a 20% Down Payment to Buy a Home?No! 3% will likely get you started! Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take

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Want To Grow Your Wealth? Buy A House This Year!

Want to Build Wealth? Buy a Home This Year.Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and

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Experts Give Their Best Advice, Not Perfect Advice

Turn to an Expert for the Best Advice, Not Perfect AdviceAs we approach the anniversary of the hardships we’ve faced through this pandemic and the subsequent recession, it’s normal to

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Appraisal and a Home Inspection: What’s the Difference?

What’s the Difference between an Appraisal and a Home Inspection?If you’re planning to buy a home, an appraisal is an important step in the process. It’s a

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Record-Low Housing Inventory & What It Means For You

What Record-Low Housing Inventory Means for YouThe real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by 

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Pinellas County - December 2020 By The Numbers

Pinellas County December 2020 Sales Figures At the end of each month the Pinellas County Realtor Association releases statistical information about the previous months sales. The December

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Looking For A Boost? Why Moving May Be Just What You Need.

Why Moving May Be Just the Boost You NeedAs we look back over the past year, we’ve certainly lived through one of the most stressful periods in recent history. After spending so much more time

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Home Ownership Is Still More Affordable Than Renting

Owning a Home Is Still More Affordable Than Renting OneIf spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you;

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How to Make the Dream of Homeownership a Reality This Year

How to Make the Dream of Homeownership a Reality This YearIn 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and

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Time to Sell Your House? Why Right Now May Be the Perfect.

Why Right Now May Be the Time to Sell Your HouseThe housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest&

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A Tsunami of Foreclosures? Unlikely.

Will Forbearance Plans Lead to a Tsunami of Foreclosures?At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow

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What Does 2021 Have in Store for Home Values?

What Does 2021 Have in Store for Home Values?According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months.

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Ready For A New House But Don’t Have Enough Down Payment? This Could Be Your Solution.

I get calls almost daily from people who are interested in purchasing a home in St. Petersburg but end up not having enough money saved for down payment and closing costs to take the next step into

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Waiting Until Spring to Make a Move? Here's Why You Shouldn't.

Why Not to Wait Until Spring to Make a MoveThe housing market recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation’s

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2021 - Getting a New Home? Set Homeownership Goals Whether You’re Buying, Selling, or Staying Put.

The start of a new year always compels people to take a fresh look at their goals, from health and career to relationships and finance. But with historically low mortgage rates, increased home sales

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Pinellas County - November 2020 By The Numbers

Pinellas County November 2020 Sales Figures At the end of each month the Pinellas County Realtor Association releases statistical information about the previous months sales. The November

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What You Should Do If You're Selling Your House This Year

3 Must-Do’s When Selling Your House This YearIt’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what

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For Sale By Owner? It's a Mistake!

Why Selling Your House on Your Own in 2021 Is a MistakeThere are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today,

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Pricing Your House Right Is Extremely Important

Pricing Your House Right Is Extremely ImportantEven in today’s sellers’ market, setting the right price for your house is one of the most valuable things you can do. According to&

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Turn a House into a Happy Home

Turning a House into a Happy HomeWe talk a lot about why it makes financial sense to buy a home, but more often than not, we’re drawn to the emotional reasons for homeownership.No

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In 2020 Did You Outgrow Your Home?

Did You Outgrow Your Home in 2020?It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the

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Difference a Year Makes for Homeownership

The Difference a Year Makes for HomeownershipOver the past year, mortgage rates have fallen more than a full percentage point, hitting a new historic low 15 times. This is a great driver

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3 Ways Low Inventory is Great For Sellers

Three Ways Low Inventory Is a Win for SellersThe number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence,

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After Applying For A Mortgage Keep These Things In Mind

The Do’s and Don’ts after Applying for a MortgageOnce you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You're

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Last Minute Gifts From Local St. Pete Businesses

Shop Local This Holiday Season With Christmas just days away there’s really only so many places left to get those last minute gifts in time! That’s why, this year, I strongly

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Be Optimistic about Real Estate in 2021!

3 Reasons to Be Optimistic about Real Estate in 2021This year will be remembered for many reasons, and optimism is one thing that’s been in short supply since the spring. We’re

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4th Street Corridor Foodsplosion!

Eating Good on 4th Street! It’s no secret that St. Pete’s everything is exploding! It seems like every day there is a great new business or attraction popping up. It’s exactly,

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Trouble Deciding Between Renting and Buying? This Should Help

Rent vs. Buy: How to Decide What’s Best for YouAccording to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s

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Don't Give Up Even When Competition Is Stiff

Don’t Let Buyer Competition Keep You from Purchasing a HomeThis year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put

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Making A Competitive Offer : 5 Homebuyer Tips

5 Tips for Homebuyers Who Want to Make a Competitive OfferToday’s real estate market has high buyer interest and low housing inventory. With so many buyers competing for a

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3 Graphs That Prove We're Not Headed For A Foreclosure Crisis

We all know the saying about assumptions.And if you don’t, well…just Google it.With the massive surge of unemployment that happened this year, it’s natural to assume that a

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10 Ways to Give Back This Holiday Season

    This year has demonstrated, perhaps more than ever, the importance of our family, friends, neighbors, and community. It truly “takes a village” to keep a community

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Decorate For The Holidays While Keeping Your House On The Market

   Just because your home is on the market, doesn't mean you can't deck the halls. The balance is to enjoy your home through the holidays while not overwhelming the space for

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