Rodney Cantrell’s Blog
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Top Cheapest Cities to Live in Florida | Brought to you by The Cantrell Team
Lake City: – Cost of Living: 16% below national avg – Median Home Price: $247K – Rental Price Range: $650 – $3,295 Deltona: – Cost of Living: 16% below national avg – Median Home Price: $301K – Rental Price Range: $1,249 – $3,800
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Almost Everyone Makes These 5 Home-Buying Mistakes | Brought to you by The Cantrell Team
Neglecting maintenance costs can lead to financial strain, with unexpected repairs averaging $500 to $600/mo. Rushed purchases risk overlooking crucial factors like location noise and crime rates, causing potential regrets later on.
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Getting a mortgage at a young age
If you're young and considering buying a home, ensure you're financially prepared. Factors to consider include credit history, employment stability, future plans, and potential assistance programs. It's essential to assess your readiness and make informed decisions before taking the leap into homeownership. Continue to full article
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First-Time Home Buyers Need a 6-Figure Income in Florida | Brought to you by The Cantrell Team
Due to current market trends, the path to homeownership for Millennials and Gen Zers requires careful financial planning.A Bankrate study found Americans need a 6-figure income to afford a mid-priced home.
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Florida Considers Zoning Reform for More Homes | Brought to you by The Cantrell Team
Experts are exploring zoning reforms to allow for more housing options, including accessory dwelling units (ADUs) like in-law cottages.This could allow developers to build more homes on less land, potentially increasing housing supply.
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Keep More of Your Money: Florida’s Low Tax Advantage | Brought to you by The Cantrell Team
A recent study identified Florida as one of the states with the lightest tax load for its citizens. This means residents keep a larger portion of their income compared to most other states.
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How much can you save by shopping for a mortgage?
Shopping for a mortgage loan in the current high-rate environment could yield significant savings. With rates nearly at 7%, potential savings could range from 0.50% to 1%, which could equate to tens of thousands of dollars over the loan's lifespan. Approaches to save include obtaining quotes from various lenders, requesting rate matches, and collaborating with…
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Slower Migration Causes Florida Rent Drops | Brought to you by The Cantrell Team
Florida rents are dropping: Major cities like Miami and Orlando saw rent declines compared to last year. Migration slowdown: The pandemic rush to Florida has cooled, with fewer people moving in.
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Florida Sees Condo Prices Crash | Brought to you by The Cantrell Team
A state law requires older buildings to adhere to certain structural safety standards. ~$30M special assessment for repairs was proposed by the condo board.
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Florida Housing Market Predictions for Next 2-Yr | Brought to you by The Cantrell Team
Florida's housing market is expected to see slower growth but remain positive in the next two years.Rising interest rates are causing an adjustment with more properties on the market.