When you get a mortgage, you’ll be exposed to all kinds of new terminology. In fact, any time you borrow – whether it’s to buy timberland in Lake City, a home for sale in Columbia County, or anything else – you’ll have to familiarize yourself with a few terms. One of them is the term […]
What You Need to Know About Mortgage Interest Rates
Your interest rate on your mortgage is used to calculate your monthly mortgage payment. The higher your rate is, the higher your monthly payment will be. That’s true whether you’re buying property, like a timber tract for sale in North Florida, or a $500,000 home for sale near Lake City. Let’s Talk About Mortgage Interest […]
Why You Need Loan Preapproval
Before you start shopping for a home, timberland tract, or other property for sale in Lake City, you’ll probably want loan preapproval – and that’s to benefit you and home-sellers. What is Loan Preapproval? Loan preapproval is proof from your lender that you’re actually qualified to purchase a home or property, as long as your […]
Mortgage Basics
When you’re buying a home for sale in Lake City, timberland in North Florida, or a cattle ranch in Columbia County, chances are pretty good that you’re going to need financing from a lender. But how does it all work, and what do you need to know if you’ve never borrowed before? Financing Basics There […]
Residential Real Estate Investing vs. Commercial Real Estate Investing
When you’re investing in real estate, you’ll have to decide whether you want to make a residential investment or a commercial investment. (You may also want to make industrial, retail, or mixed-use investments, but those are a little more nuanced than residential and commercial are.) Residential Real Estate Investments Properties like houses, apartment buildings, and […]
Thinking of Becoming a Real Estate Investor? Read This First!
If you’re like many people, you’ve toyed with the idea of investing in real estate – but where do you even begin? Real Estate Investing: The Basics For some people, real estate investing makes sense. You can buy a property and make money from it. But it’s not quite that easy. How Real Estate Investors […]
Lake City, FL Evacuation Routes and Shelter Locations
Here you’ll find Lake City’s evacuation routes and shelter locations in case you need to leave your home due to Hurricane Irma. Lake City, FL Evacuation Routes The graphic below shows evacuation routes for Columbia County. You can view the whole map here. Lake City, FL Hurricane Shelter Locations You can find sheltering information for […]
What if Your Buyers Get “Cold Feet”?
When you’re selling your property, whether it’s a cattle ranch in Lake City, a home for sale in Lake City, or anything else, it’s exciting when someone makes an offer. But what happens if your buyers get cold feet? What Happens When People Get Buyer’s Remorse on a House? For the most part, buyers can […]
What is a Home Inspection Contingency in a Real Estate Purchase Contract?
When you buy a cattle ranch in Lake City, a home for sale in the area, or anything else, the transaction depends on the home inspection—and your Lake City Realtor® will write your purchase offer to include a contingency that says if the inspection turns up something you’re not willing or able to deal with, […]
What is a Financing Contingency in a Real Estate Purchase Contract?
When you buy a cattle ranch in Lake City, a home for sale in the area, or anything else, the transaction depends on you having the money to actually purchase it—and your Lake City Realtor® will build a financing contingency into your real estate purchase contract that helps protect you if you can’t secure financing. […]