Co-Signing a Mortgage Loan

Good Day Everyone, 

I hope you all are having a great week! Spring is right around the corner which often can be the busiest time of year for home sales. Lately, I’ve received several calls from first time home buyers in regards to purchasing a home. Often people think that if their credit and financial situation isn’t ideal, that they will just get a co-signer to sign on the mortgage. Are you aware of the risk of co-signing on a mortgage or any type of loan for that matter? Below, in my opinion, are the top 5 risk. 

  1. You’re 100% Responsible for the Loan – If the person you’re co-signing for loses their job or decides to quit making the payments, YOU’RE RESPONISIBLE TO PAY BACK THE LOAN. Just because you’re the “2nd person” or “backup” does not mean that you’re not responsible for the loan. 
  2. Credit Score – Co-signing on a loan will affect your credit score. Any delinquencies will appear on your credit score.
  3. Future Loans and Debts – Even if the primary borrower makes all payments on time and is in good standing, retailers and vendors will be notified that you have a mortgage loan in your name, even as a co-signer. 
  4. Your Financial Situation – Your finances will be reviewed to determine if the bank will approve the loan. You will need to provide bank statements, paystubs, tax returns, etc. ; just as if you were the primary borrower.
  5. Do Your Homework – Just remember without you, the primary borrower would not have been approved for this loan. Research and look into their income, debts, etc. before you financially obligate yourself to them and a loan. 

I hope you find the blog post helpful! If there is anything I can do to help please let me know. (352) 577-9171 or Info@Seach352Homes.com 

The Truth About “Zestimates”

Good Day All, 

I came across this article that Florida Realtors posted and I thought it would be something that homeowners and even buyers may find interesting. The #1 place people go to first when looking at Real Estate is Zillow. Zillow has a feature on the their website known as “zestimate” which is suppose to provide an idea of a properties value. 

http://bit.ly/FLRealtorsZestimateFailure

I typically find that the “zestimate” provided by Zillow is not accurate to the properties actual value. According to this article the value is typically off  by 4.7% of the correct property value. Although, sometimes I’ve seen it even be a much higher amount which cost you as the seller a lot of money. 

Real Estate is LOCAL and the first place you should check with thinking of selling or purchasing a property is with a local Real Estate Expert. If there is anything I can do to help please let me know! 

(352) 577-9171 or Info@Search352Homes.com 

First Time Home Buyer Financing Programs

 

Good Day All, 

I hope everyone is having a great week! This blogpost is particularly for first time home buyers. Right now there are so many financing programs out there to help first time home buyers achieve the goal of homeownership. The best part is with little money out of pocket!! Your path to homeownership may involve qualifying for one or more program options, which are aimed at helping people overcome the costly hurdles of buying a home and maintaining it. For example, you can purchase a home in an USDA eligible area and receive 100% USDA financing with no down payment. . ***some restrictions may apply*** 

To find out more about this loan product and several others available for first time home buyers please give me a call! I have a list of lenders that would be able to assist you with financing a home! Please note that 100% USDA financing is not just for first time home buyers. 

 

(352) 577-9171 or Email Info@Search352Homes.com 

JUST LISTED!! – Ocklawaha River Waterfront Luxury Retreat with Pool

New Ocklawaha River Waterfront Listing that just hit the market! OMCAR MLS # 550523

Very rare find! Beautiful custom built concrete block home on 2.16 peaceful, quite acres overlooking over 100′ on Ocklawaha River & Greenway with beautiful sunsets, nature views with turkey and deer visiting almost daily. Cast a line from the floating dock or relax on one of the many dock levels. Take a short boat ride to the World Famous Rodman Reservoir known for the trophy Large Mouth Bass, 20 minute ride to locks leading to the St Johns River. Located in the heart of the Ocala National Forest known for hunting, trail riding, canoeing, kayaking, horseback riding or just relaxing. In fact, you can ride right from the property on your ATV/SxS and access 80+ miles of trails through the Forest. On those cold nights, relax in front the fire pit as you watch the sunset over the river.

This custom built home is over 1820 living square feet with open floor plan and tile throughout. Inside you will find a cozy open floor plan soaring cathedral ceilings in living/dining area. The spacious kitchen including custom cabinets, granite countertops, recessed lighting, stacked stone island and all stainless steel appliances are included. Just off kitchen area is laundry room with large pantry, cabinets and countertops w sink. Living room with stack stoned wood burning fireplace, plant shelves, Infinity surround speakers and includes double french doors leading to porch w/ views of river. Main bedroom is 24 x 17 with vaulted ceiling, sitting area and bathroom with walk in sunken shower, privacy toilet, custom cabinetry and granite countertops. 2nd bedroom is 16×12 and includes nice size closet. #rd bedroom is currently being used as Den/Study.  Great to entertain on the 1,490 Sq Ft wrap around screen porch featuring hot tub with views of the woods and river.  As you walk around to back of the home you will caged black pebble crete pool, outdoor shower, and plenty of room to grill and entertain.  while enjoying the large  from the great room area with double french doors and more views of the Ocklawaha River. Just beyond home and caged pool is a dream 30×50′ metal workshop w/ 8″ concrete slab floor, enclosed room, 110/220 power, water and double roll up doors. There is attached one bay parking for boat and another building that will hold ATV, mower and all the yard tools or toys you desire.

This is… A TRUE ON OF A KIND JEM!!!

CALL, TEXT or EMAIL TODAY FOR PRIVATE SHOWING!!!

  • 3 Bedrooms 
  • 2 Bathrooms
  • 1820 Living Sq Ft Concrete Block
  • 2.16 Acres 
  • Zoned A-1 
  • 2,476 Sq Ft Under Roof  w/ Screened Wrap Around Porch
  • Inground Caged Swimming Pool 
  • Ocklawaha River Waterfront over 100′ on Greenway and River
  • Custom Kitchen w/ Granite and Stainless Steel Appliances 
  • Wood Burning Fireplace
  • 30X50′ Workshop

Asking Price $550,000 


For More Info Please Call/Text (352) 577-9171 or Email Info@Search352Homes.com

Time for a Contest & Giveaway!!

Happy Friday Everyone!! 

We have another contest for you and the winner will win a Dunkin Donuts Gift Card!! 

I understand that it is very stressful for a homeowner or home buyers to hire and choose the right Realtor for them! Below are 5 things I think you should consider when hiring a Realtor. 

  1. Experience 
  2. Personality 
  3. Reviews 
  4. Marketing Strategy 
  5. Local Expertise of the Area 

Which one of these is most important to you when hiring a Realtor? All you have to do is leave a comment on my Facebook post regarding this topic and your name with go in a drawing for a Dunkin Donuts Gift Card!! >>> www.Facebook.com/RountreeRealty 

Winner will be announced next week on Facebook!! Stay tuned for more contest and giveaways!! 

Handy Man Special Awaits-13225 NE 41st Street, Silver Springs

Good Day All, 

Here is a listing that may interest you! Handy Man Special Awaits for You! Bring your paintbrushes, tools and friends to fix it up!! This would make a great weekend getaway in the woods! Home needs work and major clean up. Includes 11×26 RV carport and additional 22×22′ carport. Note: Most of the value is in the 1.68 Acres with pond and island.

  • 1.68 Acres with Pond and Island 
  • Zoned R-4
  • Bring your Paintbrushes and Tools 
  • ***MOST OF THE PROPERTY VALUE IS IN THE LAND*** 
  • Asking Price $29,500

 

For More Info Please Call/Text (352) 577-9171 or Email Info@Search352Homes.com 

New Listing- 107 Acre w/ Farm Home

New Listing on 107+/- Acres in Fort McCoy!!

Are you looking for large farm with Old Florida feel? If so, this is the perfect property to call home. Currently set up as small cattle farm, the entire 107+ acres is fenced and includes 3 ponds(on or bordering the property). 107 acres includes 4 parcel numbers(Acreage – 75, 17.5, 10, 5) Original farm house, but has many updates since 2003 including floor joist updated/replaced, wood siding, electric panel upgrade, metal roof, kitchen with wood cabinets and hard surface countertops, updated appliances; crown molding in kitchen and living room.  Florida room is 107 square feet and features custom teak wood paneling and old hand hewn posts. Short walk to 2 story workshop/barn you will find 40’x40′ 2 story structure that can be finished and customized to your needs and wants. 2nd story would be great to finish as living quarters or possible game room and includes viewing deck overlooking beautiful pond and magnificent oak trees and more. The acreage includes variety of oaks, palms, pine, cypress trees and boasts tons of wildlife (deer, turkey, foxes) and ponds bring many types of water fowl. Don’t miss your chance to own one of Fort McCoy’s oldest homestead properties and live the “Old School” Florida Lifestyle.

Close to Silver Springs which is great for kayaking, boating and outdoor activities. Located minutes to downtown Fort McCoy with grocery store, doctor office, pharmacy, hardware, gas station, pizza delivery and more. Ocala is just another 20 minutes away with Walmart, Lowes, Bealls, Outback and many more of your favorite restaurants. Gainesville(Home of Florida Gators) is only 50 minutes to downtown. If you’re a fisherman, hunter or simply love hiking, canoeing or kayaking you are in luck! Minutes to Ocklawaha River, Rodman Reservoir boat ramp, Ocala National Forest and many natural springs(Salt Springs, Silver Glen Springs, Juniper Springs) awaits your explorations. One of a kind property and location! Ready for new owners! 

 

For More Info Please Call/Text (352) 577-9171 or Email Info@Search352Homes.com 

 

  • Asking Price $650,000
  • 107.5 +/- Fenced Acres
  • Zoned A-1 for Agriculture
  • Cattle Farm w/ Agriculture Exemption
  • 40 x 40 2 – Story Barn (Separately Metered)
  • 2 Bed 1 Bath Home w/ 1088 Living Sq. Ft.
  • 3 Ponds

 

Homestead Exemption-Marion County

 

Good Day All, 

I hope everyone is having a great week!! It’s such a busy time of year with holiday preparations, parties, shopping, and list goes on and on. If you purchased a home in 2018 and it’s your primary residence than this blog post is for you!! 

Please don’t forget to file for homestead exemption so you qualify for the tax break in 2019. Below is a link with instructions to apply online for homestead exemption for Marion County. 

http://bit.ly/HomesteadExemptionApplication

If you have any questions please contact me at (352) 577-9171 or Info@Search352Homes.com or Call Marion County Property Appraiser office at (352) 368-8300

0.35 Acre Lot For Sale in Kershores – $18,000

 

New Listing For Sale in Kershores in Salt Springs!! Lake access(Membership yearly fee required, has a club house and boat launch with access to Little Lake Kerr). Well, septic and power pole in place. Water test on file. Secluded location close to the Ocala National Forest! Great lot close to fishing, camping, hiking, atv trails and more!!

  • 0.35 Acre Lot 
  • Asking Price $18,000
  • Zoned R-4 Residential Mixed Used 
  • Close to Ocala National Forest, Water, ATV Trails, Etc. 
  • Existing Well and Septic 

For More Info Please Call/Text (352) 577-9171 or Email Info@Search352Homes.com