All Blog Entries by John Sabia

John Sabia is a Fort Lauderdale Realtor at Coldwell Banker Residential Real Estate with more than 30 years real estate experience listing and selling homes, condos and townhouses in Fort Lauderdale and South Florida.

Found 442 blog entries published by John Sabia.

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The Federal Reserve administers its Survey of Consumer finances every three years. Information is gathered by researching across all economic and social groups. The most current report dates from 2013 thru 2016.

The report shows that the median net worth of a homeowner is $231,400 - a 15% increase since 2013. Over the same period, the median net worth of renters decreased by 5% ($5,200 currently as compared to $5,500 in 2013). This research shows a homeowner's net worth is more than 44 times greater than that of a renter.

Home Ownership is a tremendous path towards increasing net worth

As in past posts, owning a home is a form of "forced savings." With each mortgage payment, you are adding to your net worth by increasing the amount of equity

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Move Up and Upgrade To A New Home

Premium or Luxury homes are typically defined as homes priced in The top twenty-five percent of homes for sale in that area. In the current real estate market, there are plenty of potential "good deals" to be found in the higher end market. This is fantastic news for current homeowners looking to move up to a more comfortable premium home.

During the last couple of years, most of the demand for housing was from first-time home buyers looking to find their starter home while less demand was for higher priced homes.

According to ILHM’s Luxury Report, this imbalance between  buyer demand and premium home inventory has resulted in a Buyer’s Market for luxury homes (homes priced from One Million and more).


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Many questions about the real estate housing market focus on current home prices and where they are trending. To answer these questions, we can turn to the most current Home Price Expectation Survey (HPES).

Quarter 2 - 2019 survey results are as follow:

  • Home values are expted to appreciate by 4.1% in 2019
  • Over the next 5 years, the average annual appreciation rate is expted to be 3.2%
  • By year 2023, the cumulative appreciation will be 16.8%
  • Even the most bearish of pundits predict a cumulative appreciation of over 6.7% by 2023.

What Does This Mean?

A significant amount of family wealth is comprised of home equity. As the home's value increases, the home's equity increases as well.

Using predictions from the HPES Survey,

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The Current real estate market boasts higher home values, low interest rates, and increased buyer demand. All of these conditions point to the robust market predicted to go on for the remainder of the year.

One area that may cause a slow down is a diminishing supply of housing inventory. Demand from buyers typically increases during the summer months, however, the supply of properties is not keeping up with the demand.

Below are a few insights from industry experts:

Chief Economist at National Associations of Realtors (NAR), Lawrence Yun says, "An imbalance persists for mid-to-lower priced properties with strong demand and insufficient supply, which is consistently pushing up home prices."

First American Chief Economist Mark Fleming says,

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Whether you are purchasing a home for the first time as a "first time home-buyer" or wanting to upgrade to a larger home of your dreams, now may be the perfect time to do do.

Look at 3 significant reasons to consider purchasing a home today:

1. Affordability
Many people look only at price when speaking about home affordability. As home prices have gone up throughout the past year, they assume homes are less affordable. However, affordability is determined by 3 components:


Home prices are up, but so are employment wages - and mortgage interest rates have dramatically decreased. As a result, the National Association of Realtors/ (NAR) Affordability Index report signaled that homes are MORE

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The below infographic illustrates the necessary steps you will need to take when buying your dream home or condo. 

infographic - 10 steps to buying a home |

Number 3 is where I come in. Let me beyour resource for guiding you thru steps 4 thru 10. My 30+ years experience selling homes and condos in Fort Lauderdale will ensure your buying transaction is as smooth and stress free as possible.

I have a network of people already in place to help from the start to the finish line!

Even if you are not ready just yet. Let's have a quick conversation to find out your needs and wants and get you on the right pathway from the beginning to your goal of becoming a home owner.

You can reach me directly at 954.850.2397.



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Know Your Buying Power first

In Many local and national real estate markets, There are more home-buyers looking for their dream home then there are available homes for sale. When this happens, the market place is very competitive and buyers need to make sure they stand out to a potential seller. One way to show a seller you are a serious buyer is to get pre-approved for your loan upfront so a seller knows you are a qualified purchaser.

even in non-competitive markets, it makes good sense to know your buying power before searching homes to be sure your dream home is within your reach.

Freddie Mac points out the advantages of pre-approval in the "My Home" section on their website. "It's highly recommended that you work with your lender to get

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Five compelling reasons Selling your home or Condo this summer makes sense.

1. Strong Buyer Demand: The most current Buyer Traffic Index from the National Association of Realtors (NAR) reports that buyer demand continues to be strong across the vast majority of the country. These home buyers are ready, willing, and able to step up and make a purchase. These buyers are in the market right now!

Very often, more than one buyer is competing for the same property. Take full advantage of the home buyer activity presently in the market.

2. Less Competition: Inventory for homes and condos is at or just under the 6-month supply needed for a normal real estate In other words, there are not enough homes and condos for sale to satisfy the demand from

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You've just closed on your new home and have finished unpacking and begin to settle in. You pick up your mail and you find a notice letting you know that your mortgage has been sold on the secondary market and is being serviced by a new company. You are stunned and question If this allowed? Then you start to worry if the terms of your mortgage have somehow changed? You ask yourself Why would the lender sell my mortgage?

One of the many documents you signed up front during the mortgage application was a a document called Mortgage Servicing Disclosure. This document reports what percentage of the lender’s loans are sold off. Quite often, the majority of approved and funded loans approved by a particular mortgage company will immediately be sold to

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