Tallahassee Real Estate Listings

09/26/2024

We are in Foley AL, cool little city so far. Prayers for everyone riding out this hurricane in Tallahassee! Helene is about to do a number on our beautiful city.

02/27/2024

10/05/2022

Honest question. What's the appropriate number of Oreos to eat in one sitting?

- Jake

09/16/2022

So this house in Tallahassee is listed for sale at $369,900. The mortgage payment would be about $1,774/month. Here’s an idea: rather than trying to convince the seller to accept a lower price, negotiate a “rate buy down” instead. What this means is the seller helps pay some money upfront to lower the interest rate on the buyer's mortgage. Of course, every situation is different, but it can shave hundreds of dollars a month off of your monthly payment.

Let’s say the seller agreed in theory to a $15,000 price reduction. Instead of $369,900, they’re willing to accept $354,900. If you use that $15,000 to “buy down the rate” instead of the purchase price, it could lower your mortgage payment by $275 a month. That’s huge!

Let me know if you guys have any questions, I'd be happy to refer you to some amazing mortgage lenders who can help you with the specifics!

-Jake