Per TD Bank’s survey of Real estate professionals, they found three major factors affecting a home buyer search: 1. Limited inventory (65%), 2. Mortgage qualification (20%), 3. Affordability (15%). Good news? The market still shows Orlando’s real estate market increasing in 2020. Interestingly enough, 55% of professionals expect home sales to increase this year and 70% state they expect greater demand for single-family homes. In addition, one major bank conducted a research on past clients’ anxiety and found the following six reasons to be issues. TD Bank recommends to reduce anxiety by working with a mortgage professional.
- Confusion around paperwork required: 31.85%
- Unexpected costs: 22.22%
- Concerns over financing: 21.48%
- Appraisal and inspection: 11.85%
- Meeting and closing date: 6.67%
- Credit approval: 5.93%
Source: TD Bank
Source: Realtor Magazine
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