Category Archives: Finding an agent in Ocala

What to do to Purchase a Home

WHAT TO DO TO PURCHASE A HOME

Purchasing a home is the largest investment that most people undertake in their lifetime. Since credit scores are very important factor in determining what terms the buyer would receive on the financing in the purchase of a home, buyers should know what they can do to improve their credit scores.

First thing is get credit scores from the three major credit bureaus, Experian, Equifax, and Trans Union. These scores should be similar, if not, then there are discrepancies that need to be looked in to.

If you find any errors, they should immediately be challenged in writing by filling out a dispute form located on the back of the credit report. Once the credit bureau as received the written challenge, they must notify the retailer and then the retailer has 30 days to respond in writing. If they fail to respond the consumer gets the benefit of any doubt, but the down fall it takes 30-45 days to correct it. It is recommended that the buyer get credit scores 45-60 days prior to closing on home, to give enough time to fix errors.

Do not make inquires for additional credit such as department store, auto dealers, furniture etc. Recent inquires lower scores.

Payoff as many outstanding balances owed on credit cards and other month to month and do no use credit cards until after closing.

Pay obligations timely.

Do not use credit cards to pay off another during 30-45 days of closing period, as both credit card balances will show up increasing debt ratio.

Do not use consumer finance companies. They lower your score.

Never go to consumer counseling service when you apply for home loans. This alerts credit bureaus that you are unable to pay bills and will have an effect such as bankruptcy would.

If you have relatives that are willing to help you, have them pay off your credit cards to help wipe out debt. Present estate gift laws allow relatives to give $11,000 per year. Another way a relative can help is to buy down the mortgage rate, or they can act as co– borrowers.

It is always good to check your credit report yearly. We found someone used my husbands name and SS# and we had a judgment on one of the three reports.

I hope this was informative for you and your friends. I hope you are doing well. If you need anything call me 352-266-2637.

I work with Rick Durham Bank of England, he is wonderful, call her for loan information– 352-804-5883

– Rhonda

Cheaper to own than rent regardless of mortgage rate

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

Check out this great article posted on Florida Realtor

SAN FRANCISCO – Mar 20, 2013 – Trulia’s Winter 2013 Rent vs. Buy Report looked at homes for sale and for rent on Trulia between Dec. 1, 2012, and Feb. 28, 2013, and compared the costs, factoring in transaction costs, taxes and opportunity costs. For homeownership costs, study authors assumed a 30-year fixed-rate mortgage, 20 percent down, itemizing tax deductions at the 25% bracket and a stay of seven years in the home.

Overall, buying a home is 44 percent cheaper than renting nationwide – down just slightly from 46 percent in 2012. In each of the 100 largest metros, buying is more affordable than renting, though it ranges significantly – from 70 percent cheaper to buy than rent in Detroit to only 19 percent cheaper in San Francisco.

In the 10 Florida markets checked by Trulia, savings ranged from 40 percent to 60 percent. The include:

Miami: 43% cheaper to buy
Fort Lauderdale: 53% cheaper to buy
West Palm Beach: 56% cheaper to buy
Cape Coral-Fort Myers: 45% cheaper to buy
North Port-Bradenton-Sarasota: 51% cheaper to buy
Lakeland-Winter Haven: 55% cheaper to buy
Palm Bay-Melbourne-Titusville: 50% cheaper to buy
Orlando: 51% cheaper to buy
Tampa-St. Petersburg: 55% cheaper to buy
Jacksonville: 54% cheaper to buy

Individual own-versus-rent savings will vary depending on details, but Trulia posed an adjustable map on its website.

Visitors can change the map to suit their circumstance by choosing the mortgage rate they expect to pay (3.5%, 4.5% or 5.5%), their IRS tax bracket (none, 15%, 25%, 35%) and the length of time they expect to be in the house. The map then changes its buy-versus-rent estimates based on input.

For example, changing a Miami buy-versus-rent decision to a three-year stay, 15 percent tax bracket and 5.5 percent mortgage interest rate makes it wiser to rent for a 1 percent savings.

“People who didn’t buy a home last year may have missed the bottom of the market, but they haven’t completely missed the boat,” says Jed Kolko, Trulia’s chief economist. “Buying remains cheaper than renting in all 100 large metros. Even buyers who can’t get today’s lowest mortgage rates will still find that buying makes more financial sense than renting in nearly all local markets – so long as they can get a mortgage in the first place.”

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


FORT MC COY 4 BEDROOM ON 10 ACRES

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

4 BEDROOM ON 10 ACRES

Real Estate for Sale, ListingId: 22578697, Ft Mc Coy, FL  32134

12160 ne 135 st, FT MC COY, FL 32134

A must see property, 3655 sq ft on 10 acres, very private. Eat in kitchen with stainless steel appliances, a double oven, granite counter tops and a beautiful island. Split bedroom floor plan, covered porch, formal living and dining room. Call for more info. $229,000


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

30-Year Fixed Mortgage Rates Decline for 4th Consecutive Week

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

Read more great news posted on Zillow today!
Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.31 percent, down from 3.34 percent at this same time last week.

The 30-year fixed mortgage rate remained relatively flat for the majority of the week, hovering between 3.34 and 3.32 percent before dropping to the current rate this morning.

“Amid continued economic uncertainty both domestically and abroad, mortgage rates held steady near this year’s lows,” said Erin Lantz, director of Zillow Mortgage Marketplace. “We expect mortgage rates will remain close to these levels during another relatively quiet week for economic events and data.”

Additionally, the 15-year fixed mortgage rate this morning was 2.53 percent, and for 5/1 ARMs, the rate was 2.22 percent.

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

04-23-13 1003AM

*The weekly rate chart illustrates the average 30-year fixed interest rate 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

GOOD NEWS FOR OCALA’S REAL ESTATE MARKET

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com
According to Trulia’s latest predictions Ocala seems to be rebounding

The average price per square foot for Ocala FL was $65, an increase of 12.1% compared to the same period last year. The median sales price for homes in Ocala FL for Jan 13 to Mar 13 was $86,000 based on 713 home sales. Compared to the same period one year ago, the median home sales price increased 13.8%, or $10,400, and the number of home sales decreased 15%. There are currently 2,687 resale and new homes in Ocala on Trulia, including 1 open house, as well as 3,243 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Ocala FL was $271,165 for the week ending Apr 10, which represents an increase of 0.9%, or $2,374, compared to the prior week.

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

Thinking of Buying or Selling Your Ocala Home? | Buying & Selling in the Housing Market’s ‘New Normal’

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

Great information written by Jill Simmons. Check it out!!

Home-shopping season is just getting underway, and many people who’ve sat on the sidelines in recent years are finally ready to enter a market that might be quite different from what they’re expecting. Here are a few tips to help buyers and sellers get the best results in the competitive market.

Tips for buyers

1. Choose the right real estate agent. Times have changed. Due to inventory shortagesacross the country (down nearly 17 percent from last year) the tables have turned, and buyers are no longer in control like they were a few years ago. Not only is it hard to find a good home for sale, once you do, expect to be competing with lots of other buyers. Choosing the right agent is more crucial than ever in this type of environment. You need to find someone who is skilled at negotiations and knows how to handle competitive offer situations.

Tip: Read online reviews of agents, focusing on reviews of their negotiation skills. Then interview at least three agents and ask how they handle competitive bids, what you can expect in your area/price range and what your strategy will be.

2. Get creative. Search for homes that aren’t on the market but might actually be for sale — if the right offer came along. You’ve heard of agents soliciting homeowners asking if they’d be willing to sell? Zillow has a feature that enables homeowners to post a dream price for their home — without actually putting it on the market. Buyers can search for homes that are “listed” this way, and contact the homeowner directly to start a dialogue. Make Me Move® listings are the fastest growing listings on Zillow right now, due in no small part to lack of inventory. Who knows, your future home may not even be listed on the market.

3. Make yourself as attractive to sellers as possible. Come to the table pre-approved for amortgage and be able to put down 20 percent or more. Be prepared to close quickly — 30 days if possible as opposed to 60. Consider waiving certain contingencies. Write a heart-tugging letter as to what this home means to you — it works! Consider an escalation clause.

Tips for sellers

1. Price it right. Bidding wars are the new reality but only for homes that are priced right from the get go. Overpriced homes won’t attract buyer attention and therefore will miss all the action. Get lots of buyers interested in your home with the right price, and they’ll bid up from there.

Tip: Unsure of how to price your home? Try putting a Make Me Move price on Zillow first. It’s a low-effort way to test the market. You can gauge whether you get any interest from buyers, who are contacting homeowners with MMM listings in increasing numbers. You just may end up with a willing buyer, while avoiding the hassle of putting your home on the market, as well as the seller’s costs.

2. Your listing needs to be where the buyers are. Mobile is where it’s at. More and more buyers are using their mobile devices to shop for homes. Zillow says 60 percent of its weekend traffic comes from a mobile device. So make sure your home shows up on mobile real estate apps — and that it shows well. That means your listing should have lots of photos taken with a high-resolution camera.

3. Prioritize your home improvements. First, take care of any basic maintenance issues such as a leaky faucet or creaky door — small things that signal to buyers that the home hasn’t been property maintained and bigger issues could lurk ahead. Then before buyers walk through your door make sure your house is decluttered and sparkling clean! After doing these two things, you can make other basic improvements such as painting walls neutral colors, updating fixtures or installing a new appliance or two.

Tip: Don’t spend a lot of money on renovations just for selling purposes. Everyone has a different style, and while you may design your dream kitchen, buyers probably have other needs/wants in mind. Updates are fine; major, expensive overhauls are usually not worth it.

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

GREAT OCALA LEASE PURCHASE

Rhonda Buckner with Buckner Homes Realty

3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com

LEASE PURCHASE

Awesome home in very quiet location. Real hardwood floors and ceramic tile throughout living area, open eat-in kitchen, split bedroom floor plan, and completely fenced back yard. Call for details on rent to own. $165,000


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

5 Ways to Find Your Home During an Inventory Shortage

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

Ocala’ Market is very hot again!! Read this great article from professrbarron.com

The news is out. Real estate is back. Home buyers are in the game again, but they’re facing a huge inventory shortage in most markets. Some buyers make three of four offers on homes, only to keep losing out to other buyers.

In this tight market, buyers and real estate agents need to think outside the box. You may need to go after homes that aren’t listed for sale. Here are five ways to do that.

1. Look for ‘expired’ and ‘withdrawn’ listings

A good agent will scour the MLS for homes that were listed in the recent past but never sold. Many homes failed to sell because they were seen as overpriced at the time. Does their last list price seem like a valid price today? Chances are, the owner doesn’t realize how much the market has picked up and might still be open to selling the home. Have your agent contact the owner with a letter expressing your interest in purchasing the property. Show the owner you’re serious, and you’ll likely get a response.

2. Search for Make Me Move® prices

Do you feel like cattle being herded through a busy open house with dozens of other buyers? Scouring the Zillow app while on the Sunday open house circuit? You might want to filter listings by searching for homes with a Make Me Move price in the neighborhoods where you want to own.

Owners who have set a Make Me Move price have gone out of their way to indicate a price that would make them sell. Some would-be sellers are unrealistic in their pricing. But others may have listed their property months or years ago, and their price may in fact be doable. Reach out to them with an offer. It often works.

3. Check rental listings

Why would a buyer go after rental listings? Here’s why: The owner may have lived in the home at some point but had to move for a job transfer, divorce or life change. At that time, their home could have beenunderwater or the market simply wouldn’t support the asking price. Instead of listing it with an agent, they just decided to rent it and “ride it out” for a couple of years. Their current tenant might have given notice and, without knowledge of the changing market, the owner simply wants to rent it again. Go see the home. If you like it, find out if the owner would be open to selling. Make it easy, and they may be on board.

4. Don’t ignore overpriced listings

The No. 1 complaint among real estate agents everywhere is working with a seller who’s unrealistic about their home’s price, especially in this tight market. But as a buyer, you might use it to your advantage.

After six weeks or less in some markets, an overpriced home loses its luster. The seller doesn’t clean as often. Weeds grow in front. And it just may not show as well. The fading curb appeal, along with an unrealistic price, will keep buyers away.

How is this good for the buyer? Many sellers won’t list their home at a lower price but will sell it at a lower price. Go in with an offer before the first price reduction, if possible. Once they do drop the price, other buyers will take notice again, and you may have competition.

5. Off-market or pocket listings

Some homeowners want to sell but don’t want to or can’t list. Maybe they simply don’t want the hassle of keeping a clean home and dealing with showings. Or perhaps they’re just very private. Especially in the luxury market, some owners just don’t want to publicly list their homes.

In many markets, real estate agents regularly network with each other about potential deals. Some areas have dedicated websites for agents to share off-market properties, also known as “pocket” listings. Also, brokerage firms generally release upcoming listings to their agents a few weeks before they hit the MLS. Work with a well-connected agent and make sure you’re privy to these potential opportunities.

Think outside the box

Most active buyers spend months looking for a home the traditional way. Until prices rise enough to bring more sellers and inventory into the market, these buyers will likely keep facing tight housing inventory. That’s why it’s important to make sure your agent is trying every way possible to uncover opportunities for you. Be open to using non-traditional methods to beat the competition and take advantage of low interest rates and favorable pricing.

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

Great Buy in Ocala Windstream Subdivision $104,500

Rhonda Buckner
Buckner Homes Realty
3200 SE 20 th AVE
OCALA, FL 34471
WWW.BUCKNERHOMES.COM

Windstream Subdivision $104,500
Very well kept home on a cul de sac. Features include a split bedroom floor plan, volume ceilings, a formal dining room, a beautiful eat in kitchen, a wood burning fireplace,Large Master bedroom & ceramic tile in the bathrooms, screened in porch. Will not last long!

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

Live in Ocala Learn More About HOA

Shared by
Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com
Check out this recently published article from Zillow .com

fRule bookAsk enough condo owners, and you’ll likely hear at least one horror story about their homeowners association (HOA). One of the most extreme examples recently made the news when an HOA president in Evansville, IN directed ahomeowner to implant a microchip in her dog.

Though they sometimes may go overboard, HOA rules and regulations are meant to protecthome values and the homeowners’ quiet enjoyment of their property. What few buyersconsider when embarking on a condo purchase is that, as an owner of a condo, you’re a member of the HOA that governs the condominium complex. You will be subject to the HOA’s rules.

That’s why it’s so important to take a close look at the HOA in advance. While the process varies by market, a buyer’s typical contract with the seller will allow time for disclosure review, which includes due diligence on the HOA.

Many buyers wonder how to do due diligence on the HOA. The answer is to request copies of the HOA documents (meeting minutes, financials, house rules and governing documents). The seller, as a member of the HOA, has access to these documents and should make them available to the buyer.

Here are three things potential condo buyers should do with those documents:

1. Read the past year’s meeting minutes

Above all, read the minutes of the HOA monthly or quarterly board meetings. You can learn a lot about the HOA’s inner workings, such as the politics and how enforceable its rules are. You’ll get a sense of how the HOA works, who’s on the board and how flexible or difficult they are to deal with.

The most obvious red flag is any discussion in the minutes of an upcoming assessment or any major project (painting, roof repair, boiler replacement). These conversations generally happen months or years before the work (and assessment) is enacted. Other potential red flags would be documented conflict between homeowners and board members, such as the case mentioned earlier about the HOA president telling the homeowner to put a microchip in her dog.

2. Review the house rules and regulations

Nearly every HOA has its house rules and regulations. In a suburban subdivision, typical rules would include restrictions on how your home looks from the street (no pink houses on Elm Street). In a condo building, restrictions often cover noise, such as no loud music or noise between 10 p.m. and 8 a.m., or that 85 percent of your hardwood floors must be covered by area rugs in living, dining and bedroom areas.

While there are generally accepted common rules, from time to time more excessive ones stand out that may not sit well with a potential buyer. Some examples include no RVs in the driveway or the required removal of Christmas lights by Jan. 15. A buyer’s response to such rules is subjective. But it’s better to know the type of HOA you’re buying into before you sign the final paperwork.

3. Review the financials

Be on the lookout for HOAs that can barely cover their monthly expenses. Since the housing crisis began, many HOAs have been forced to foreclose on homeowners who are behind on their HOA dues. If you have a third of homeowners not paying, that affects everyone, as the money needs to be made up somewhere.

Another red flag is the lack of a reserve fund. If the HOA only has $5,000 in reserves, and there’s mention in the meeting minutes of a major sidewalk replacement, you should assume that funding for the project will come from a one-time “special assessment” levied on the homeowners. Don’t want to be stuck with a $10,000 mandatory assessment six months after you move in? You may want to reconsider this property.

Advice to sellers

If you live in an HOA community that has some issues, be sure to disclose them upfront. It’s not much different from disclosing the leaky window or recent crime in the home. You don’t want to create a giant red flag for potential buyers, of course. But if they find out about something major after the fact, it could come back to haunt you. Work with your real estate agent and strategize about some of the best ways to make the HOA documents or disclosure information available to buyers during escrow.

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