***July Closing Statistics***

Posted by R_yn5_@_ul on

 

Good Morning All, 

Happy August Everyone! It’s hard to believe that summer is almost over and the kids will be heading back to school in a week or so! Don’t worry,  the sunshine and warm weather will be sticking around a little longer! 

Here are some July closing statistics for certain cities in NE Marion County. 

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As always if you have any questions or if you’re interested in finding out what your property is worth please give me a call today! (352) 577-9171 or Info@Search352Homes.com 

 

All data is deemed reliable, but is not guaranteed accurate by the Ocala MLS or Rountree Realty Corp. All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information is deemed reliable, but should be verified by your own attorney, architect or zoning expert. We are an equal housing opportunity provider. 

Are Foreclosure a Thing of the Past?

Posted by R_yn5_@_ul on

 

Good Day All,

I hope everyone has had a great week and I’m sure you’re ready for the weekend!  I just wanted to take a moment and provide you a quick real estate update on foreclosures and housing inventory!

We are no longer in a housing recession and don’t maintain an overflow of inventory of homes on the market!  Inventory is so low right now and we need more homes for sale!  An article from Florida Realtors indicates that overall foreclosures are down 78% from the peak of the
foreclosures on the market in 2010. Also, foreclosures are down 15% from year to year.

Have you been telling yourself  “There are tons of foreclosures for sale in Marion County”  or “I want to find a foreclosure because they’re a better deal”? That is simply not the case; overall inventory is low and banks know this!  Therefore, banks want to sell their properties for the same market value of a traditional re-sale.

BUYERS! –  If you are in the market to purchase, call us today! My team checks new inventory everyday and we’re constantly getting new listings to sell!  Please call and give us an opportunity to help you!

SELLERS! – If you have given any consideration to selling your home or property, NOW is the time to do so!! I have buyers just waiting for new inventory to hit the market and I would welcome the opportunity to help you!

As always, if you have any questions or if there is anything we can do to help you, please  contact us today (352) 577-9171 or Info@Search352Homes.com

Is Your Home Smarter Than You?

Posted by R_yn5_@_ul on

 

Good Day All, 

Have you had the chance yet to tour a smart home? It’s crazy to think about all of the technology features that now makes up a home! Maybe you have thought about adding a few smart features to your home, but the cost scares you! Or you could be like me and wonder if a smart home is smarter than you! Here are a few affordable ways to turn your home into a smart home! 

  • Nest Hello Doorbell- Have you seen these yet? They’ve been out for quite a while and I love the idea behind them! If someone rings your doorbell you can download the Nest Hello Doorbell app on your phone and it will send you a picture of the person at your door. What a great feature for when you are not home! 

 

  • Ecobee 3 Smart Thermostat- Adding this smart feature to your home could save you a lot of money on your electric bill! Most of us are away from our homes during the day for work and errands. A lot of times you may think of turning off your A/C while away, but you forget. Now having the Ecobee 3 Smart Thermostat you can control your thermostat anywhere from your smartphone! 

 

  • Amazon Echo- Who doesn’t love speaking to Alexa?!?! Adding this smart feature to your home can help you in so many ways! Alexa can set reminders for you, turn on and off your tv, play music, arm/disarm your security system and so much more! 

 

  • Chamberlain Garage Door Opener- Who else constantly can’t remember if they shut the garage door when leaving their home? Well now you don’t have to worry anymore! This smart feature allows you to see your driveway and garage door from you smartphone. You can also control your garage door from the app! 

 

These are just a few ideas how you can turn your home into a smart home! Please check out more ideas online! As always, if you have any questions or if there is anything Rountree Realty can do to help you please contact us! 

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

June-Closing Statistics

Posted by R_yn5_@_ul on

 

Good Day All, 

We hope everyone had a great 4th of July holiday! It was a great time celebrating with friends and family and hope you were able to enjoy it too! 

I’ve heard so many people recently saying “I’ve heard home sales are up”  “I can’t believe what my neighbor got for their home” “Is it a good time to sell?” If you have thought any of these thoughts the answer is…YES!!! Now is a great time to sell!!! Check out these June closing statistic for parts of Marion County!!! 

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If you’re interested in finding out what your home value is worth call/text me TODAY! June was a great month for real estate in Marion County and I would love to have the opportunity to help you!  

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

 

All data is deemed reliable, but is not guaranteed accurate by the Ocala MLS or Rountree Realty Corp. All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information is deemed reliable, but should be verified by your own attorney, architect or zoning expert. We are an equal housing opportunity provider. 

 

 

Get The Most of Your Tax Return-Buy a Home!

Posted by R_yn5_@_ul on

 

Good Afternoon All, 

I hope everyone is having a great start to your Monday! Who has filed their income taxes and is just waiting for your refund to hit their bank account? Have you given any consideration as to what you’re going to do with your tax refund? Here’s an idea for you…INVEST IN YOURSELF AND BUY A HOME!!! Buying a home is one of the best financial decisions you can make! Below are just a few reasons what you should invest in yourself and buy a home NOW! 

1.) Low Interest Rates, BUT on the Rise- The average 30 year fixed interest rate is about 4.5%. This is still incredibly low, but over the past 8 weeks we have been seeing an increase in rates. 

2.) Home Values- Sale prices and home values are on the rise! This is a good thing! We want values to go up gradually which means if you purchase now, hopefully within a year or so you will have positive equity in your home! 

3.) Home Inventory- Most home sellers think about listing their home in the spring. They know the hard Florida winters are behind us and home buyers are ready to purchase! 

4.) More Cash in Your Pocket- Did you know parts of Marion County and surrounding areas qualify for 100% USDA financing? Meaning no down payment for you! Let’s chat on how we can negotiate the seller paying some of your closing cost so at the end, you have keys in your hand with very little money out of pocket! 

5.) Tax Benefits- Have you thought of all of the tax benefits of purchasing a home? Tax write offs, mortgage insurance, homestead tax exemption, etc. I’m sure your accountant will have even more tax benefits for you! 

If you have any questions or want to get started today with your home purchase please contact us. We would love to have the opportunity to help assist you with ALL of your real estate needs. Thank you!

Veterans Day Events-20% Off Services!

Posted by R_yn5_@_ul on

Good Day All, 

I hope everyone is having a great day! Check out these fun family events to honor and celebrate our Veterans this weekend! 

http://fun4ocalakids.com/Whats-Happening/Veterans-Day-Events/

There are a lot of activities here in Marion County and surrounding areas to have fun with the family!

Oh and don’t forget that Rountree Realty gives back 20% of earned commission to our Veterans! Contact me today for more info. (352) 572-1739 or info@homesforsaleocalamarion.com. 

-Duke

COSTS vs VALUE 2015 Report – Exterior Improvements Best Return on Investment

Posted by Duke Rountree on

When you begin to consider remodeling or home improvements, homeowners should consider the return on investment(ROI) or recouping of their costs. Many updates are preformed simply because the homeowner desires that upgraded kitchen or bathroom. It is important to remember that many, if not most, updates are not great ROI, because they are more for personal reasons rather than a cost vs. value.

“It can be a daunting task to even decide on what home improvement projects to undertake, let alone to physically tackle and complete them,” says National Association of Realtors (NAR) President Chris Polychron. “Realtors know what buyers are looking for during their search, and curb appeal is and always will be important. That explains why Realtors once again rated exterior projects as some of the most attractive and valuable for homeowners.”

Seeing these reports now for many years in a row I have noticed one update that always stands above the rest in terms of cost vs value; the steel entry door. According to Realtors, a new steel entry door returns about 101.8% of its costs upon resale compared to 96.6% last year. For my sellers and marketing the property to future home buyers we always start at the curb first and front entry way next. These areas are two of the most important areas to focus. Why, because first impressions do matter and the entrance to every home being marketed for sale should be warm and inviting. If you cannot afford to replace the front door, then we suggest a good painting and replacing all door hardware for that fresh and clean look.

The good news is the steel entry door is consistently the least expensive project in the report.

Rounding out the top 10 projects in terms of cost recouped:

  • Manufactured stone veneer (92.2 percent)
  • Garage door replacement – midrange project (88.5 percent)
  • Siding replacement with fiber cement (84.3 percent)
  • Garage door replacement – upscale project (82.5 percent)
  • Vinyl siding replacement (80.7 percent)
  • Wood deck addition (80.5 percent)
  • Minor kitchen remodel (79.3 percent)
  • Wood window replacement (78.8 percent)
  • Foam-backed vinyl siding replacement (77.6 percent)

© 2015 Florida Realtors® http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=2&id=317926

 

What Are Benefits of Working with REALTOR® & Rountree Realty

Posted by Duke Rountree on

What Are Benefits of Working with REALTOR®rlogo

 

Experience: The typical REALTOR® has 11 years of experience 80% of REALTORS®  have over 6 years. With an average of 8 transaction sides closed per year, the knowledge your REALTOR®  possesses is invaluable in the success of residential and commercial advertising, appraising, renting, leasing, buying, selling, auctions or exchanges.

Education: Real Estate Associates must complete 63 initial hours of education before licensure and an additional 45 hours before 2 year anniversary. Brokers must have 2 years experience in real estate field and complete 72 hours of coursework to obtain Broker license with an additional 60 hours to completed within 2 years. Also, 30% of REALTORS have a Bachelors or some college experience.

Local Expert: A Realtor that specializes in a local market will know things that are not appearing on the listing information online; they’ll know more about the neighborhood. Letting a Realtor take what is a very emotional decision and apply objective criteria is one of the largest benefits.And when it’s time to write an offer, they’ll know what other properties have sold for and the intricacies of those properties, the differentiating features, so then you can get the best deal for your money.

So I would say it’s ok to shop on your own, but absolutely retain a trained professional REALTOR® for one of the most important purchases that you’ll make in your entire lifetime.Only real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® (NAR) can call themselves REALTORS®. All REALTORS® adhere to NAR’s strict Code of Ethics, which is based on professionalism and protection of the public. That’s why all real estate licensees are NOT the same. “Dedicated to serving America’s property owners at local, state, and national levels, the NATIONAL ASSOCIATION OF REALTORS®, The Voice for Real Estate®, is the largest professional association at 1 million members strong. So, whether you’re buying or selling a home – it pays to work with a REALTOR®. Look for the REALTOR® logo when choosing your real estate agent. -Courtesy of NATIONAL ASSOCIATION OF REALTORS®”

“Perform at your best when you best is required. Your best is required each day.” John Wooden

To buy, or not to buy pre-1990 home

Posted by Duke Rountree on

Did you know that more than 70% of the U.S. single-family homes were built before 1990 – but only 60 percent of the 2013 sales year-to-date were for homes built before 1990. Of course all things are “local” when talking real estate and the likelihood  of purchasing an older home varies by state with 14 states having sales up 80% year-to-date 2013 for pre-1990 homes. According to RealtyTrac homes built in 1990 or later sold at an average price of $256,292 year-to-date in 2013 while homes built before 19190 sold at an average price of $233,221.

“The high percentage of homes that are at least 20 years old and likely in need of some major repairs is eye-opening,” says Jake Adger, chief economist at RealtyTrac. “However, given the low inventory of homes available for sale in today’s market, this challenge of aging U.S. housing supply can also be an opportunity for buyers looking for a bargain and homeowners looking to update their living space and improve the value of their homes.”The lower price point on older homes is not surprising given many are in need of some rehab and are more likely to have maintenance issues,” Adger says. “But this also presents an opportunity for buyers willing to take on that older inventory. Those buyers can purchase at lower price points and face less competition from institutional investors.”

SO what is the solution? Maybe it’s the government-backed rehab financing loan known as the FHA203(k) program. These loans allows owner-occupant buyers to finance the purchase, rehab, and upgrade of an older home, while allowing for all of the rehab cost to be rolled into the loan. This program is underused in my opinion because there is a lack of experienced lenders with experience in 203k program, the difficulty of meeting all of the requirements, and the additional upfront and closing cost involved in completing the purchase.

The perception that a new homes have less issues compared to pre-1990 homes is not always true either. Of course every home is built with codes and permits in place to ensure minimum or basic standards that every  home is safe, sound and secure. The reality is many of the older homes can be a great value and remodeled to meet current customers wants and needs.

SEARCH FOR A NEW HOME or JUST BE A NOSY NEIGHBOR AND CHECK OUT THE HOUSES AROUND YOU! [wnt_search title=”QuickSearch” /]

CLICK HERE >>>  http://search.ocalarealtyonline.com/

Source: http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=3&id=298796

3 Tips For Landing a Mortgage

Posted by Duke Rountree on

What is happening with todays current mortgages and how did we get there?

I can tell you one of my most challenging obstacles is financing. The banks/ lenders went from the “fog the mirror” loans to overly strict lending requirements. What is a “fog the mirror loan? Back in the good old days if you could breath and fog a mirror the bank would just ask how much you earned(which you did not have to verify, by the way) and the lender would qualify the loan based on no income verification or documentation. Simply qualify for the 0% first year months payments and it was yours. Now we have good people, with good jobs, money saved and finding it difficult to get a mortgage. I have even had buyers with enough cash to pay for a property outright to be told by the bank they could make the loan. If you are an entreprenur or private business owner good luck getting a decent mortgage.

What can you do to get a mortgage today?

Hope, Pray, Beg….. No not really but be prepared and shop around.

1.) High Credit Scores Count- surprise the lowest interest rates go to the ones with the highest credit scores of 760 or higher. Make sure you don’t open lines of credit or loans for at least 3 months prior to shopping for a loan. Also, try to pay off loan balances — “One large balance — even if it’s paid off at the end of the month — can ding your score by 20 points or more,” according to the article at Money Magazine.

2.) Gather plenty of quotes. Shop around, it can pay off big! Gather at least 6 quotes from lenders on rates because they can vary between lenders. Request quotes from local, regional and even online vendors like www.quikenloans.com or www.rpfunding.com. MOST IMPORTANTLY! Ask about the closing cost, they can vary from 2-3% of the loan amount.

3.) Lock in the Rate. When you chose the lender make sure to lock in the rate. During this period the lender agrees to not raise the rate within a certain time period. Make sure you check with your REALTOR and lender to verify how long the loan will take to close so you know how long to set the lock in rate for.

Lastly, ask for referrals to local professionals that can help. Ask ME! I have several preferred mortgage folks with different banks to serve your needs.

“Until Next Time”

Source: “For Your Customers:…” REALTOR Mag May 2, 2012 http://realtormag.realtor.org/daily-news/2012/04/30/for-your-customers-3-tips-for-landing-mortgage