Stephen A. Martinez, Realtor, Ponte Vedra Club Realty

Contact me to find your dream home! Use my Dream Home Finder form on my website and I'll conduct a personalized search for you. https://buff.ly/3Juc0Xn
904.473.4161

I'm continually monitoring the latest real estate trends in the beaches. Inventory is up in the beaches compared to this time last year. Give me a call at 904.473.4161.

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Attention new Florida homeowners!

If you’ve recently purchased a home and have yet to apply for your Florida Homestead Tax Exemption, the deadline to submit your application to your Property Appraiser’s office is March 1.

Here are some great tips to help you before you list your home for sale.

I know real estate as an investor since 1990 and a Broker/Associate since 2000. I can provide you with the current market conditions and valuations; assist with your buying or selling transaction process toward a successful close in the shortest time frame. Give me a call today. 904.473.4161

Where do you like to spend the most time in your home?

On the Forbes list of the 10 best places to live in Florida, Jacksonville was ranked number 2! If you are looking to relocate or find a house in the Jacksonville area, I would love to help you find your dream home. Give me a call at 904-473-4161

Click to read what is happening in the Real Estate Market in Ponte Vedra Beach, FL and surrounding areas or to get subscribed to my monthly newsletter.
YOUR BEACHES Real Estate Market Update - https://buff.ly/3WZObLL

Wishing you a happy and prosperous 2023!

Looking to buy or sell soon? Let's chat about the possibility of buying and stabilizing your financial future while growing your home equity! Call me at 904-473-4161

Wishing you a wonderful Christmas with peace & cheer in the New Year!

When you buy with Ponte Vedra Club Realty you have the opportunity for specialty initiation at the Clubs of Gate Hospitality. Call me for more details at 904-473-4161 and let's not only get you the home you love but a membership you and the family will enjoy!

If you are in the market to buy or sell your home let's talk!

Give me a call today
904-473-4161

When thinking about buying a home make sure you know the steps you need to take before you head out to look at homes. It can save you some time, heartache, and disappointment! Give me a call if you're looking for a trusted name in real estate!

Are you looking for your dream home? I know real estate and as an investor since 1990 and a Broker/Associate since 2000 I can provide you with the current market conditions and valuations; assist with your buying or selling transactions, and get you to a successful close in the shortest time frame.
All this while ensuring your property is provided/exposed to the most current digital marketing programs to reach the greatest audience of buyers available in today’s digital real estate world.
I am also able to offer exclusive preferred membership to the Ponte Vedra Inn and Club, The Lodge and Club, Epping Forest Yacht and Country Club and The River Club. 🌴
Contact me for all of your real estate needs!
📱 904-473-4161

If you're thinking about selling, boost your home's selling price with these few simple staging tips.

Contact me to help you get your house sold!!
904-473-4161

Today’s housing market is anything but straightforward. On one hand, home prices are starting to ease. Despite the recent declines, home prices are still 12% higher than they were a year ago.

It’s a sign of the shift away from the incredibly strong seller’s market of the past two years and toward a more balanced buyer/seller relationship. Rising interest rates have slowed demand, leading to less competition and convincing more home sellers to adjust their home prices.

The slowdown isn’t happening across all markets, however. Some neighborhoods are still very competitive, with desirable homes in desirable areas still seeing double-digit price growth. All this can lead to clashing expectations.

“Buyers are thinking there is a huge price drop coming and there are sellers that are still expecting to sell over list price,” says Shelley Phillips, owner of RE/MAX Classic in Lavonia, Georgia.

These tips can help buyers and sellers get on the same page.

What's a Home Worth? 5 Tips for Finding the Right Price Five tips for buyers and sellers to help you find the right home price.

Don't forget to set the clocks back one hour before heading to bed tonight. It's that time of year when we get an extra hour but lose that added daylight in the evening.

Renters are finally catching a break after almost two years of non-stop price increases and record-high costs — but don't plan on throwing a goodbye party for your roommates anytime soon.

Several new studies show that rent prices either fell slightly or remained flat at the end of the summer, breaking a pattern of cost increases month after month throughout the pandemic.

There's Finally Some Good News for Renters Sick of Rising Prices Rent prices have dropped slightly, though affordability is still a big problem.

Fla.’s Aug. Housing: Inventory, Median Prices Rise Florida Realtors: Fla.’s single-family median price up 15% ($407K), condo median up 20.8% ($305K). Chief Economist: Inventory is growing but pace has slowed.

Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no signs of letting up soon.

So, is now the right time to buy a home? Anyone thinking about buying a home today should ask themselves two questions:

1. Where Do I Think Home Prices Are Heading?
There are two places to turn to answer this question. First is the consensus of what experts are saying. If you look at what experts are projecting for home prices in 2023, they’re forecasting home price appreciation around 2%. While it’s true some are calling for depreciation, most are calling for appreciation in home values over the next year.

2. Where Do I Think Interest Rates Are Heading?
Experts see mortgage rates rising over the next several months. Another expert agrees. Mark Fleming, Chief Economist at First American, says:

“While mortgage rates are expected to continue to drift higher over the coming months, much of the rapid increase in rates is likely behind us.”

The instability in the world and higher inflation are driving this volatile market, resulting in higher borrowing rates for those looking to buy homes.

Bottom Line
If you’re thinking about buying a home, asking yourself about home prices and mortgage rates will help you make a powerful and confident decision. Experts see both prices and rates rising in the future. The alternative is to rent, but rents are also increasing. That may mean buying a home makes more sense than renting.

The housing market is rapidly changing from the peak frenzy it saw over the past two years. That means you probably have questions about what your best move is if you’re thinking of buying or selling this fall.

To help you make a confident decision, lean on the professionals for insights. Here are a few things experts are saying about the fall housing market.

“This fall, a more moderate pace of home selling, more listings to choose from, and softening price growth will provide some breathing room for buyers searching for a home during what is typically the best time to buy a home.”

Michael Lane, VP and General Manager, ShowingTime: “Buyers will continue to see less competition for homes and have more time to tour homes they like and consider their options.”

Expert Quotes for Fall Sellers
Selma Hepp, Interim Lead of the Office of the Chief Economist, CoreLogic: “. . . record equity continues to provide fuel for housing demand, particularly if households are relocating to more affordable areas.”

Danielle Hale, Chief Economist, realtor.com: “For homeowners deciding whether to make a move this year, remember that listing prices – while lower than a few months ago – remain higher than in prior years, so you’re still likely to find opportunities to cash-in on record-high levels of equity, particularly if you’ve owned your home for a longer period of time.”

Bottom Line? Mortgage rates, home prices, and the supply of homes for sale are top of mind for buyers and sellers today.

If you’re looking to buy a home, you want to secure the lowest interest rate possible. That was easier to do in recent years past.

If you’re looking for ways to combat today’s higher rates and lock in the lowest one you can, here is what to focus on.

✨Credit scores can play a big role in your mortgage rate that’s why it’s important to maintain a good credit score. If you want to focus on improving your score, your trusted advisor can give you expert advice to help.

✨There are many types of loans, each offering different terms for qualified buyers. The Consumer Financial Protection Bureau (CFPB) says:

“There are several broad categories of mortgage loans, such as conventional, FHA, USDA, and VA loans. Lenders decide which products to offer, and loan types have different eligibility requirements. Rates can be significantly different depending on what loan type you choose.”

✨Another factor to consider is the term of your loan. Just like with location and loan types, you have options. Freddie Mac says:

“When choosing the right home loan for you, it’s important to consider the loan term, which is the length of time it will take you to repay your loan before you fully own your home. Your loan term will affect your interest rate, monthly payment, and the total amount of interest you will pay over the life of the loan.”

Depending on your situation, the length of your loan can also change your mortgage rate.

✨Your Down Payment
If you’re a current homeowner looking to sell and make a move, you can use the home equity you’ve built over time toward the down payment on your next home. The CFPB explains:

“In general, a larger down payment means a lower interest rate, because lenders see a lower level of risk when you have more stake in the property. So if you can comfortably put 20 percent or more down, do it—you’ll usually get a lower interest rate.”

These are just few factors that can help determine your mortgage rate if you’re buying a home.

Did you miss out on some boating this weekend in the fantastic weather we were experiencing? Never miss that again with this right in your back yard and a boat slip just steps away.



https://www.neflbeachesrealestate.com/idx/listing/featured/302458642/197-Admirals-Way-S-PONTE-VEDRA-BEACH-FL-32082