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My clients sold their home and searched for land for their retirement dream! We found this piece of land that I was able to get under contract for my clients in 24hrs and closed in 20 days. My clients are excited to purchase and put their new mobile home on this beautiful piece of land. If you are looking to purchase land for your future retirement or investments, I am ready to find your perfect property. ✔Contact me for a free buyers or seller consultation! 🤝Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 👉www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakersteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano #closing904realestate

Join Melissa Lampugnano for an open House 🏡Open House Sunday May 1st 1-3pm in Samara Lakes, St. Johns County. 🏡 111 STRAW POND WAY , ST AUGUSTINE, FLORIDA, 32092 💲 325,000 3 bed/2 bath 📢Directions: From World Golf Parkway travel south to Pacetti Road. Turn left into Samara Lakes Neighborhood. Go straight and drive pass the amenity center/pool. Next left is Straw Pond Way. Third House on Right. 📢 Wonderful 3 bed 2 bath single family home in Samara Lakes Neighborhood. Great location in Saint Johns County, close to World Golf Village, Saint Augustine, and about 20 minutes from the beach. Community has an amenity center, community pool/splash park, and playground area. One of Saint Augustine's most desirable areas close to shopping, schools, and outdoor recreation! View additional Home Listing Information ✔Contact me for a free buyers or seller consultation! 🤝Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 👉www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakersteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano #closing904realestate

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by the GI Bill to purchase a home. Since then, the percentage of homeowners throughout the country has increased to the current rate of 65.5%. That strong desire for homeownership has kept home values appreciating ever since. The graph below tracks home price appreciation since the end of World War II: The graph shows the only time home values dropped significantly was during the housing boom and bust of 2006-2008. If you look at how prices spiked prior to 2006, it looks a bit like the current spike in prices over the past two years. That may lead some people to be concerned we’re about to see a similar fall in home values as we did when the bubble burst. To help alleviate those worries, let’s look at what happened last time and what’s happening today. What Caused the Housing Crash 15 Years Ago? Back in 2006, foreclosures flooded the market. That drove down home values dramatically. The two main reasons for the flood of foreclosures were: 1. Many purchasers were not truly qualified for the mortgage they obtained, which led to more homes turning into foreclosures. 2. A number of homeowners cashed in the equity on their homes. When prices dropped, they found themselves in an underwater situation (where the home was worth less than the mortgage on the house). Many of these homeowners walked away from their homes, leading to more foreclosures. This lowered neighboring home values even more. This cycle continued for years. Why Today’s Real Estate Market Is Different Here are two reasons today’s market is nothing like the one we experienced 15 years ago. 1. Today, Demand for Homeownership Is Real (Not Artificially Generated) Running up to 2006, banks were creating artificial demand by lowering lending standards and making it easy for just about anyone to qualify for a home loan or refinance their current home. Today, purchasers and those refinancing a home face much higher standards from mortgage companies. Data from the Urban Institute shows the amount of risk banks were willing to take on then as compared to now. There’s always risk when a bank loans money. However, leading up to the housing crash 15 years ago, lending institutions took on much greater risks in both the person and the mortgage product offered. That led to mass defaults, foreclosures, and falling prices. Today, the demand for homeownership is real. It’s generated by a re-evaluation of the importance of home due to a worldwide pandemic. Additionally, lending standards are much stricter in the current lending environment. Purchasers can afford the mortgage they’re taking on, so there’s little concern about possible defaults. And if you’re worried about the number of people still in forbearance, you should know there’s no risk of that causing an upheaval in the housing market today. There won’t be a flood of foreclosures. 2. People Are Not Using Their Homes as ATMs Like They Did in the Early 2000s As mentioned above, when prices were rapidly escalating in the early 2000s, many thought it would never end. They started to borrow against the equity in their homes to finance new cars, boats, and vacations. When prices started to fall, many of these homeowners were underwater, leading some to abandon their homes. This increased the number of foreclosures. Homeowners didn’t forget the lessons of the crash as prices skyrocketed over the last few years. Black Knight reports that tappable equity (the amount of equity available for homeowners to access before hitting a maximum 80% loan-to-value ratio, or LTV) has more than doubled compared to 2006 ($4.6 trillion to $9.9 trillion). The latest Homeowner Equity Insights report from CoreLogic reveals that the average homeowner gained $55,300 in home equity over the past year alone. Odeta Kushi, Deputy Chief Economist at First American, reports: “Homeowners in Q4 2021 had an average of $307,000 in equity – a historic high.” ATTOM Data Services also reveals that 41.9% of all mortgaged homes have at least 50% equity. These homeowners will not face an underwater situation even if prices dip slightly. Today, homeowners are much more cautious. Bottom Line The major reason for the housing crash 15 years ago was a tsunami of foreclosures. With much stricter mortgage standards and a historic level of homeowner equity, the fear of massive foreclosures impacting today’s market is not realistic. ✔Contact me for a complimentary buyers or seller consultation! Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano

Popular New Home Construction Searches Featuring the area's premier homebuilders ICI Homes Taylor Morrison Maronda Homes Smith Family Homes Landmark 24 Homes Century Complete Toll Brothers KB Home Ryan Homes David Weekley Homes Dream Finders Homes D.R. Horton Mattamy Homes Richmond American Homes Florida Green Construction Drees Homes J. Thomas Homes Bluewood Normandy Homes Lilyana Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📌Contact me for a complimentary buyers or seller consultation! 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano #closing904realestate

Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📌Contact me for a complimentary buyers or seller consultation! 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano #closing904realestate

Real Estate home comparables, also known as "comps," are properties used for comparison in the real estate appraisal process. When looking at comps, we find out how much other homes in the area, of similar size and with similar amenities, sold for to gain a better sense of how the home on the market should be priced. Comps narrowly compare like homes to one another in a small area, where as market stats look at all houses within a broader area like a zip code, metropolitan statistical area (MSA), county of the entire state. We use market statistics when we are trying to get a sense of the marketplace and how key elements have changed over time. Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📌Contact me for a complimentary buyers or seller consultation! 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano #closing904realestate

Join Melissa Lampugnano for an open House Saturday March 4th & Sunday March 5th from 10am-1pm in Fleming Island, Florida! 🏡Times: Open House Saturday & Sunday 10am-1pm! 🏡 Address: 6221 S Creek Rd, Fleming Island, FL 32003 📢Directions: From I295. take Highway 17 south. Left on Bald Eagle. Right on Pine. Left on River Reach. Right on South Creek. 📢 This NO HOA home sits on almost an acre of land, in a riverfront neighborhood! New floors and new AC. This home is walking distance to Paterson elementary, minutes from local shops and eateries and a short drive to NAS Jax. For more information on this listing - 👉Melissa Lampugnano 📞904-330-4457 📣www.closing904realestate.com Follow the Facebook Event for Updates ✔Contact me for a free buyers or seller consultation! 🤝Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 👉www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakersteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano #closing904realestate

Are you one of the many renters thinking about where you’ll live the next time your lease is up? Before you decide whether to look for a new house or another apartment, it’s important to understand the true costs of renting in 2022. As a renter, you should know rents have been rising since 1988 (see graph below): In 2021, rents grew dramatically. According to ApartmentList.com, since January 2021: “. . . the national median rent has increased by a staggering 17.8 percent. To put that in context, rent growth from January to November averaged just 2.6 percent in the pre-pandemic years from 2017-2019.” That increase in 2021 was far greater than the typical rent increases we’ve seen in recent years. In other words – rents are rising fast. And the 2022 National Housing Forecast from realtor.com projects prices for vacant units will continue to increase this year: “In 2022, we expect this trend will continue and fuel rent growth. At a national level, we forecast rent growth of 7.1% in the next 12 months, somewhat ahead of home price growth . . .” That means, if you’re planning to move into a different rental this year, you’ll likely pay far more than you have in years past. Homeownership Provides an Alternative to Rising Rents If you’re a renter facing rising rental costs, you might wonder what alternatives you have. If so, consider homeownership. One of the many benefits of homeownership is it provides a stable monthly cost you can lock in for the duration of your loan. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says: “. . . fast-rising rents and increasing consumer prices, may have some prospective buyers seeking the protection of a fixed, consistent mortgage payment.” If you’re planning to make a move this year, locking in your monthly housing costs for 15-30 years can be a major benefit. You’ll avoid wondering if you’ll need to adjust your budget to account for annual increases. Homeowners also enjoy the added benefit of home equity, which has grown substantially right now. In fact, the latest Homeowner Equity Insight report from CoreLogic shows the average homeowner gained $56,700 in equity over the last 12 months. As a renter, your rent payment only covers the cost of your dwelling. When you pay your mortgage, you grow your wealth through the forced savings that is your home equity. Bottom Line If you’re thinking of renting this year, it’s important to keep in mind the true costs you’ll face. Let’s connect so you can see how you can begin your journey to homeownership today. ✔Contact me for a free buyers or seller consultation! Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano

Some Highlights If you’re looking to buy a home, you may want to put these items on your to-do list to ensure you hit your goals. It’s important to start working on your credit and saving for a down payment early. When you’re ready to begin your search, work with a real estate professional and get pre-approved so you know how much you can borrow. Connect with a real estate advisor so you have the guidance you need to achieve your homebuying goals this year. ✔Contact me for a free buyers or seller consultation! Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano

Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and July. However, this year’s expected to be much different than the norm. Here are five reasons to list your house now rather than waiting until the spring. 1. Buyers Are Looking Right Now, and They’re Ready To Purchase The ShowingTime Showing Index reports data from more than six million property showings scheduled across the country each month. In other words, it’s a gauge of how many buyers are out looking at homes at the current time. The latest index, which covers November showings, reveals that buyers are still very active in the market. Comparing this November’s numbers to previous years, this graph shows that the index is higher than last year and much higher than the three years prior to the pandemic. Clearly, there’s an influx of buyers searching for your home. Also, at this time of year, only those purchasers who are serious about buying a home will be in the market. You and your loved ones won’t be inconvenienced by casual searchers. Freddie Mac addresses this in a recent blog: “The buyers who are willing to house hunt in a winter market, when there are fewer options, are typically more serious. Plus, year-end bonuses and overtime payouts give people more purchasing power.” And that theory is proving to be true right now based on the number of buyers who have put a home under contract to purchase. The National Association of Realtors (NAR) publishes a monthly Pending Home Sales Index which measures housing contract activity. It’s based on signed real estate contracts for existing single-family homes, condos, and co-ops. The latest index shows: “…housing demand continues to be high. . . . Homes placed on the market for sale go from ‘listed status’ to ‘under contract’ in approximately 18 days.” Comparing the index to previous Novembers, while it’s slightly below November 2020 (when sales were pushed to later in the year because of the pandemic), it’s well above the previous three years. The takeaway for you: There are purchasers in the market, and they’re ready and willing to buy. 2. Other Sellers Plan To List Earlier This Year The law of supply and demand tells us that if you want the best price possible and to negotiate your ideal contract terms, put your house on the market when there’s strong demand and less competition. A recent study by realtor.com reveals that, unlike in previous years, sellers plan to list their homes this winter instead of waiting until spring or summer. The study shows that 65% of sellers who plan to sell in 2022 have either already listed their home (19%) or are planning to put it on the market this winter. Again, if you’re looking for the best price and the ability to best negotiate the other terms of the sale of your house, listing before this competition hits the market makes sense. 3. Newly Constructed Homes Will Be Your Competition in the Spring In 2020, there were over 979,000 new single-family housing units authorized by building permits. Many of those homes have yet to be built because of labor shortages and supply chain bottlenecks brought on by the pandemic. They will, however, be completed in 2022. That will create additional competition when you sell your house. Beating these newly constructed homes to the market is something you should consider to ensure your house gets as much attention from interested buyers as possible. 4. There Will Never Be a Better Time To Move-Up If you’re moving into a larger, more expensive home, consider doing it now. Prices are projected to appreciate by approximately 5% over the next 12 months. That means it will cost you more (both in down payment and mortgage payment) if you wait. You can also lock in your 30-year housing expense with a mortgage rate in the low 3’s right now. If you’re thinking of selling in 2022, you may want to do it now instead of waiting, as mortgage rates are forecast to rise throughout the year. 5. It May Be Time for You To Make a Change Consider why you’re thinking of selling in the first place and determine whether it’s worth waiting. Is waiting more important than being closer to your loved ones now? Is waiting more important than your health? Is waiting more important than having the space you truly need? Only you know the answers to those questions. Take time to think about your goals and priorities as we move into 2022 and consider what’s most important to act on now. Bottom Line If you’ve been debating whether or not to sell your house and are curious about market conditions in your area, let’s connect so you have expert advice on the best time to put your house on the market. ✔Contact me for a free buyers or seller consultation! Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano

As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider. Here are a few things you should think about before you settle on renting for another year. 1. Rents Are Rising Quickly Rent increasing each year isn’t new. Looking back at Census data confirms rental prices have gone up consistently for decades (see graph below):If you’re a renter, you’re faced with payments that continue to climb each year. Realtor.com recently shared the September Rental Report, and it shows price increases accelerating from August to September (see graph below):As the graph shows, rents are still on the rise. It’s important to keep this in mind when the time comes for you to sign a new lease, as your monthly rental payment may increase substantially when you do. 2. Renters Miss Out on Equity Gains One of the most significant advantages of buying a home is the wealth you build through equity. This year alone, homeowners gained a substantial amount of equity, which, in turn, grew their net worth. As a renter, you miss out on this wealth-building tool that can be used to fund your retirement, buy a bigger home, downsize, or even achieve personal goals like paying for an education or starting a new business. 3. Homeowners Can Customize to Their Heart’s Content This is a big decision-making point if you want to be able to paint, renovate, and make home upgrades. In many cases, your property owner determines these selections and prefers you don’t alter them as a renter. As a homeowner, you have the freedom to decorate and personalize your home to truly make it your own. 4. Owning a Home May Provide Greater Mobility than You Think You may choose to rent because you feel it provides greater flexibility if you need to move for any reason. While it’s true that selling a home may take more time than finding a new rental, it’s important to note how quickly houses are selling in today’s market. According to the National Association of Realtors (NAR), the average home is only on the market for 17 days. That means you may have more flexibility than you think if you need to relocate as a homeowner. Bottom Line Deciding if it’s the right time for you to buy is a personal decision, and the timing is different for everyone. However, if you’d like to learn more about the benefits of homeownership, let’s connect so you can make a confident, informed decision and have a trusted advisor along the way. ✔Contact me for a free buyers or seller consultation! Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano

As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021. If you’ve taken your last vacation this summer, here are reasons you should consider selling your vacation home this year. 1. Remote work continues to drive demand for vacation homes. As the report from NAR says, based on continuously evolving work needs, there could be more interest in your second home than you think: “In 2020, across all nine divisions, the fraction of the workforce that work from home is typically higher in the vacation home counties than in the non-vacation home counties… The opportunity to work from home could further raise the demand for vacation homes in future years. Recent data shows we’ll likely see a sustained increase in the rate of remote work over the next five years. That means your vacation home could be highly sought after by certain buyers. Lawrence Yun, Chief Economist at NAR, puts it best, saying: “Vacation homes are a hot commodity at the moment . . . . With many businesses and employers still extending an option to work remotely to workers, vacation housing and second homes will remain a popular choice among buyers.” 2. Selling could allow you to upgrade your vacation spot – or even your day-to-day scenery. When demand is high, so is buyer competition. When competition is strong, buyers will do everything they can to make their offer on your vacation home as appealing as possible. This can include things like all-cash offers and more. If you sell now, you’ll be able to benefit from high buyer competition and pick the offer with the best possible terms for you. That offer could give you the opportunity to purchase the primary residence of your dreams. Or, if you find that you’ll continue working from home, you could consider taking up more permanent residence in your vacation home and selling your primary residence instead. While this isn’t a choice everyone can consider, it could be a great option. No matter what the situation, you don’t have to make the decision on your own. Your trusted real estate advisor can help you determine your best option when you’re ready to sell. Bottom Line Buyers remain interested in vacation homes this year for a number of reasons. Now that summer is winding down, it’s time to think about taking advantage of today’s demand for vacation homes. Let’s connect today if you’re ready to give your second home its day in the sun. ✔Contact me for a free buyers or seller consultation! Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano