Home Buyers
Information for home buyers including real time listings and search options, how to get a mortgage, how to find a Realtor, down-payment help, homes for sale, etc. in the Greater Ocala, Dunnellon, Citrus Springs and surrounding cities.
3 Common Mortgage Myths Answered
The process of getting a mortgage can be a complex and confusing one, and all the myths around mortgages certainly don’t make the process any easier. So, the question is, what are some of the most common mortgage myths? A recent article from realtor.com busted some of the most persistent myths around mortgages and the homebuying process, including: The lowest rate is always the best choice. Many buyers think that the mortgage with the lowest rate is automatically the best option. But that’s not always true; for example, if a loan has high origination fees or early payoff penalties, it might not be as solid of an option as a mortgage with a slightly higher…
Should You Buy A Foreclosed Home From a Bank?
Buying a foreclosed home from a bank have its positives and its downfalls. Even though foreclosed homes are not as prevalent as they were following the real estate market crash of 2008, there are still deals out there. When a foreclosed home is sold by the bank or lender, it is called an “REO” or real estate owned property and typically is offered at a favorable price. But is buying a foreclosed home from a bank a bad idea? For sure, there are issues that you will have to take into account or you could end up paying much more in repairs after the purchase. A sellers disclosure is typically…
Corona Virus and Real Estate
Who hasn’t heard of the Corona virus / Covid-19 by now and what’s going on in the world. But even that dark cloud is producing a silver lining of sorts for home buyers. It’s also presented a new and unique challenge on how we will conduct business as real estate agents, buyers and sellers. The Corona virus / Covid-19 is not just a health issues and global pandemic, it also affects our economy, including the housing market. It’s amazing how much our world has changed and how what happens in one part of the world can affect our local economy. In 2003, the SARS epidemic hurt the Chinese economy. The…
Licensed Vs. Unlicensed Contractor
Should you hire a licensed or unlicensed contractor to make changes to your home? It seems every week, I am reading on our local social media groups about someone who hired a contractor and it ended badly. Many report they gave 50 percent or more down-payment to the contractor to start the work. Then it goes downhill from there. From a contractor starting the work and never coming back to finish….Or them not showing up at all once they got the money! It pays to understand that a contractor’s main purpose is to coordinate and orchestrate a group of tradesmen/women hired to actually do the work. The issue really is…
Questions For Your Home Builder
Choosing your home builder can make or break your home construction experience. You’ve purchased your plot of land, got your home plans and you have narrowed down your list of potential home builders….now what? I have had 2 new homes constructed, and I can tell you the process of building a home is different in a planned urban development where you have a selected number of plans to choose from, versus building a custom home. When you purchase a home in a PUD, you deal with their agent or office personal. When building a custom home, you get to speak directly with the home builder throughout the project. This article…
Buy Your Dream Home in 2020
Aaah, the Dream home, the wish of every buyer! Finding the perfect time to buy your dream home is a challenge that requires research and a bit of luck. While timing the purchase perfectly might be desirable, the truth is the right time is a personal decision. As we enter 2020, you might be wondering if this is the right time to buy your dream home. With a strong economy, low unemployment and higher household income, there are 3 great reasons why you should consider buying that dream home this year. 1. A Home is a Great Investment – Real estate remains one of the best investments one can have.…
