Buying Tips

Mortgage Rates - What’s in Store for Ponte Vedra Beach Mortgages?

Posted on by Lisa Barton

Most home sales in Ponte Vedra Beach make use of a conventional or jumbo mortgage. We asked our favorite loan officer for insight into what to expect next year for mortgage rates. Here's what he had to say:

Forecasts for mortgage interest rates for 2019 and beyond are all over the map. Ranging from an expectation of between 5.3% and 6% by year end 2019 all the charts agree on one thing - mortgage rates will continue to rise through the next two years! At this time last year, the professional forecasters were predicting that rates would be between 4.375% and 4.75% by year end 2018; however most lenders actually tipped over the 5% rate this past week for the traditional 30 year mortgage.

So, from a recent historical perspective, rates at year end last year were in the 3.75% to 4% range, the first time 4% was achieved consistently in several years. This year was the first time in many, many years that 5% was reached.

Let’s examine what best case and worst case projected increases for 2019 mean for your potential 30 year mortgage if you wait another year to make a home purchase in Ponte Vedra:

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Is a tankless hot water heater for you?

Posted on by Lisa Barton

It’s your turn to take a shower but you’re pacing in circles because all the hot water is gone, oh and its mid-winter and all you want to do is take a hot shower.

Have you ever been in this situation? You might want to consider a tankless hot water heater, also known as demand-type or instantaneous water heater. Tankless water heaters can avoid the standby heat losses associated with storage water heaters. 

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Tesla’s New Solar Tiles Add Value to Homes for Sale

Posted on by Lisa Barton

At the end of 2016, Telsa unveiled their new and highly innovative solar roof tiles. The product looks just like standard roof tiles, but have the same harnessing power as traditional solar panels. The technology is revolutionary, and the environmental benefits that come from its use are incredible. The costs of the roof sound steep at first, but the long-term rewards that come from installation are worth the upfront cost. 

Tesla’s claim is that their roof will cost less than a regular roof, when the benefits of solar production are factored in. Their quote for the solar powered roof on a typical home in Maryland is $52,000. However, with the energy the roof generates plus the tax credits,  “the roof will actually pay for itself and earn you about $8,000 over 30 years” (Tesla.com). The cost of the roof is calculated by adding the price of materials, labor of installation and Powerwall battery. But the value of a completely sustainable energy source built into a home that earns tax breaks and bodes off-the-grid reliability arguably makes up for the upfront cost, and then some!  

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6 Signs You’ve Found the Right New Home

Posted on by Lisa Barton

Love at first sight is not limited to only a significant other, it can happen when seeing the perfect house! From the moment you arrive, there is an instant attraction. The curb appeal is breathtaking and lures you up the walkway and into the house. The feelings only get stronger from there. The house is checking off the major items on the ‘must-have’ list, plus even more. You may think to yourself, “Wow, it’s all moving so fast. Am I rushing into this (house) love affair?”

Here are a few signs you may have found ~The One~:

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Purchasing a new home in Nocatee’s Coastal Oaks

Posted on by Lisa Barton

Looking for a new home in Nocatee? You might want to consider Coastal Oaks, which is Nocatee's premier gated community. Toll Brothers, a national builder with an excellent reputation, is building single family homes in Coastal Oaks. Many new home buyers are attracted to Coastal Oaks because, in addition to Nocatee's extensive amenities, this neighborhood offers its residents a swimming pool, fitness center, sports fields, tennis courts and a playground. 

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New Neighborhood in Nocatee: The Outlook at Twenty Mile

Posted on by Lisa Barton

There's a new community in Nocatee! Twenty Mile Drive - The Outlook offers peace and tranquility in a beautiful old Florida setting. Twenty Mile works in the history of the area with its rustic touches as seen in the split-rail fences and nature all around. Buyers looking to build a new home can choose from an assortment of water and preserve lots to suit their individual needs. 

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