Tag Archives: ocala housing market 2011

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

12160 ne 135 st, FT MC COY, FL 32134

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

12160 ne 135 st, FT MC COY, FL 32134
Real Estate for Sale, ListingId: 22578697, Ft Mc Coy, FL  32134

4 BEDROOM ON 10 ACRES
Coming soon. You must see this property. Very large home on 10 acres, privacy at it best. Kitchen has island and stainless appliances double oven, granite counter tops, Large family room and living room, split bedroom, covered porch in back. Call for appointment

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

7 banks foreclosing on the most mortgages

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

“The banks foreclosing on the most homes may not directly own the bulk of the mortgages,” 24/7 Wall St. explains. “Rather, they often service them for other entities, which means collecting payments from homeowners and foreclosing on those properties when they become delinquent.”

24/7 Wall St. determined the banks foreclosing on the most home loans by reviewing RealtyTrac data from February of this year. The company identified the following banks as foreclosing on the most homes:

1. Bank of America (which includes Countrywide’s portfolio from its acquisition)
Loans in foreclosure: 96,319
Percentage of loans underwater: 61

2. Wells Fargo
Loans in foreclosure: 84,903
Percentage of loans underwater: 56

3. JPMorgan Chase
Loans in foreclosure: 53,325
Percentage of loans underwater: 54

4. U.S. Bancorp
Loans in foreclosure: 44,881
Percentage of loans underwater: 62

5. Deutsche Bank
Loans in foreclosure: 33,608
Percentage of loans underwater: 63

6. Bank of New York Mellon
Loans in foreclosure: 31,821
Percentage of loans underwater: 67

7. Citigroup
Loans in foreclosure: 27,697
Percentage of loans underwater: 54

Source: “Banks Foreclosing on the Most Homes,” 24/7 Wall St. (March 12, 2013)

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

Getting ready to Buy in Ocala?|Most Important Things to Do Before and After Closing

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com
Great advice ! Love this article from 

You searched for homes over the course of months or even years. You endured a series of offers and counter offers, property disclosures,inspections and reports. Finally, after so much excitement, stress and anxiety, the house hunt has come to an end.

But the story isn’t over yet. Here are some next steps to consider before you actually move in.

Plan any work well in advance

Rarely does a buyer get a place that is truly in “move-in” condition. By the time you’ve signed a contract, you have lots of ideas about how you’ll live in this home, how you’ll customize it and what work needs to be done.

If the place needs work, don’t wait until you’ve closed to engage a painter, a floor refinisher or a general contractor. Either at your final walk-through or during a private appointment after you’ve removed your contingencies get the proper contractors in the house. Start getting bids for necessary work. If possible, have floor sanding, painting or small fix-it work done before you move in. Real estate agentswork with all kinds of tradespeople, so they’re often a great resource for referrals

Set up the utilities

Some people assume the utilities will work once they walk in on day one. While many utility companies have grace periods (the days between when the seller cancels service and the new ownercalls), you can’t always assume this will be the case. If you have an out-of-town seller, they may have cancelled services the day they knew all contingencies were removed. In this instance, the grace period likely lapsed, and you may be stuck dealing with the electric company, waiting for an appointment or just being without power when you really want to start painting, fixing or cleaning.

The best plan is to call the utility companies and get service set up well before closing. If they haven’t received cancellation notice from the seller, let the seller know to take care of that.

Got the keys? Great, now change the locks

Assume that every one and his brother has a set of keys to your new home. The seller’s real estate agent likely gave copies to his or her assistant, a painter, stager or even another agent at some point during the marketing period. That’s why the first person you should call after getting the keys is a locksmith.

A new homeowner was shocked when a painter walked into the house at 7 p.m. The painter had a punch list of to-do items from the listing agent, but nobody had told him the house had closed two days early. He assumed it was vacant. Don’t let this happen to you. Spend the money to get all the locks changed right away. You’ll sleep better at night.

Hire a cleaning crew

There’s nothing worse than showing up with the movers, dozens of boxes and your personal belongings only to discover the seller hadn’t had the place cleaned.

Assume the worst and get a professional cleaning crew in there the minute after the closing. Even if the seller did clean, they may have done a poor job. You want to start life in your new home with a clean slate. The movers might make a mess while moving in. But the bones of the place will be sparkling clean and you won’t be scrambling to get cleaners in while the home is in a state of disarray as you unpack.

Have a handyman, small contractor or designer on call

Moving in can take days, if not weeks, and is made up of the kind of stuff you wouldn’t wish on your worst enemy. Things like aligning your framed artwork, centering the couch in the living room or getting the large rug set up in the master bedroom can drive you crazy. Nailed multiple holes in the wall in an attempt to get your family photos lined up on the staircase? Not all of us are cut out to do this kind of stuff. Imagine doing all this throughout an entire 3,000-square-foot house, and you’ll probably feel overwhelmed.

While it may seem like a luxury, investing a few hundred dollars in hiring someone to take orders, help with setting up and take over some of these mindless tasks will save time and potentially relieve you of a giant headache.

Thinking ahead is the way to go

The journey to home buying could have been anything from fun to stressful and emotional. When the closing date draws near, you’re probably exhausted. But taking a little extra time to plan ahead will save you time, money and a lot of hassle. And it will make the move into your new home so much more satisfying.

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

4035 SE 17 Lane, OCALA, FL 34471

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com
4 BR, 2 full BA Single Family Home
4 BEDROOM POOL HOME
$145,000 Super SE neighborhood for the 4 bedroom pool home. The home features laminate wood flooring and wall to wall carpet throughout, an eat in kitchen with ceramic tile and a large pantry, nice size bedrooms, cultured marble surrounds in the bathrooms, a covered patio, new roof. Not a short sale or foreclosure

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

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