Ready TO Buy in Ocala? | 30-Year Fixed Mortgage Rates Down Slightly

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
Here is Zillows latest update on 30 year fixed mortgage rates

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.4 percent, down from 3.46 percent at this same time last week.

The 30-year fixed mortgage rate hovered between 3.42 and 3.47 percent for the majority of the week, dropping to the current rate this morning.

“After remaining steady for the past week, rates moved slightly lower yesterday after Italian election results renewed concerns about Eurozone economic stability,” said Erin Lantz, director of Zillow Mortgage Marketplace. “This coming week, rate movement will depend on sequester discussions in the United States and perceived political tensions in Italy and elsewhere in the European Union.”

Additionally, the 15-year fixed mortgage rate this morning was 2.64 percent, and for 5/1 ARMs, the rate was 2.27 percent.

What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage ratesfor your state.

02-26-13 955AM*The weekly rate chart illustrates the average 30-year fixed interest in six-hour intervals.

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.

Just call and say Help Help me Rhonda 352-266-2637

AWESOME 5 ACRES MINI FARM

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471  352-266-2637

13046 NW 21 Ct, CITRA, FL 32113

MLS# 380785

3 bedroom 2 bath home with 2 car garage and detached workshop. Built 2009 with 2042 sq ft. Homes has enormous great room, vaulted ceilings gas log fireplace, kitchen has granite counter tops, stainless appliances. A MUST SEE! Great price $284,000

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.
Just call and say Help Help me Rhonda 352-266-2637

CANDLER HILLS $124,900 Great Deal!

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637

Real Estate for Sale, ListingId:21826673, location: 8334 Sw 82 Loop Ocala 34481

CANDLER HILLS $124,900 Great Deal! This home has 2 bedrooms with a den, large sitting area in master, walk in Roman shower, solid surface counter tops, wood cabinets, screened patio. Golf Course Community.

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.
Just call and say Help Help me Rhonda 352-266-2637

Ocala Real Estate Investors | Are You Ready to Be a Landlord?

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637

With such great deals out there in the Ocala real estate market, I thought this was a very timely article recently published by Leonard Baron.

The buying of property

If you want to be successful in your real estate ownership, you have to understand that real estate is just like any other job: The more you put into it, the more you get out of it. And it starts with buying decent quality, cash-flow positive properties located in low vacancy and fair credit quality areas.

But experienced investors know that buying a good property is actually a lot tougher than you might think.

Anyone can go out and buy property X, Y or Z, but will that property produce sufficient income and investment returns for the risk and hassle you are taking on as the owner? About 75 percent of real estate investors really do not make very much money on their acquisitions. Bad tenants, renovations gone astray, poor cash flows and HOA issues can all make an owner wish they had left their money in the bank.

So ask yourself: Am I willing to spend the next six to 12 months, every weekend, driving neighborhoods, touring open houses, learning about property management, penciling out real estate deals, making offers on properties, then going through the escrow and due diligence process to take ownership of a good quality property?

If you’re not willing to do the time-consuming work to find those diamonds in the rough, you probably will lose money on your purchase and should just avoid becoming a landlord in the first place.

Owning and managing your property

Task No. 2 is the owning, leasing and management of the property. Again, many people think this is easy, that properties rent themselves and that all tenants pay on time and never cause any hassles. Good luck finding someone who actually owns rental properties and will opine that as a fact!

All real estate comes with potential issues such as floods, overflowing toilets, broken appliances, etc., and you, the owner, have to deal with those problems. Tenant relations can also be a real challenge. (Secret hint: Smart landlords know that if you treat your tenants well, hopefully they will return the favor and your life will be easier and your ownership will be a lot more successful.)

You also have to record all the rents, hire contractors and maintenance people, advertise and lease the property, pay bills and file your taxes. So there is a lot more to it than you think.

Now, ask yourself again: Do I want to deal with all those issues? You could just leave your money in a mutual fund and probably do just as well.

If you do want to take on the challenge, you should have a long-term ownership agenda and a desire to learn about investing in real estate. Just about anyone can pick up five to seven properties in the next two to three decades and probably retire comfortably just about 30 years from today. But is it the right “job” for you?

So, last chance: Are you ready to be a landlord?

I have helped many investors for the past 20 years find the perfect opportunity in real estate. Just call and say Help Help me Rhonda 352-266-2637 or visit BucknerHomes.com