Can you live with an HOA? Here’s what you need to consider when you’re buying a home in a community that has a homeowners association. What is an HOA? A homeowners association, or HOA, is an organization with the primary purpose of preserving home values in a community. The HOA makes rules, called covenants, conditions […]
Why You Should Try to Save Up 20 Percent to Buy a Home
When you’re buying a home for sale in Lake City, it’s in your best interest to put down as much money as possible – and if you can save up 20 percent or more, you’ll be in great shape. It’s not always easy to save up that large of a sum, but in the end, […]
Should You Buy a Home in Lake City? Here Are the Hidden Costs
If you’re renting a home, you’re probably thinking about what it would be like to own your own house – but are you really ready? Here’s some advice that can help you decide whether it’s time to buy a home for sale in Lake City or you should keep renting for a while. Should You […]
Water on an Agricultural Property in North Florida
When you’re buying an agricultural property in North Florida, whether you want to raise cattle on cattle land or you’d like to have a horse farm, one of the biggest things you’ll need to worry about is the water – and there are two sides to that coin. Water on an Agricultural Property in North […]
What is PMI?
If you’re buying a home with less than 20 percent down, your lender will require you to buy private mortgage insurance. There’s only one exception to that rule: If you’re using a VA loan, you don’t need to buy private mortgage insurance, or PMI. What is PMI? PMI is a type of insurance that lenders […]
Who Pays Real Estate Commissions – the Buyer or the Seller?
When you’re buying or selling property in Lake City, who pays the real estate commission? How Real Estate Commissions Work Real estate agents work for a real estate broker. The broker is the one who pays the real estate agents their commissions. The total commission someone pays to the broker doesn’t always go to the […]
How to Find the Right Real Estate Agent
Finding a real estate agent to help you when you’re buying a home in Lake City is a big task – but with a little nudge in the right direction, you can get the person who’s just right for your needs. How to Find the Right Real Estate Agent First things first: You want to […]
What Lenders Look at on Your Credit Report
When you apply for a mortgage loan to buy a home for sale in Lake City, your lender is going to check your credit score. Here’s what you need to know. What Lenders Look at on Your Credit Report Lenders look at your ability to repay other loans when they’re deciding whether to let you […]
What is a Home Warranty?
If you’re like many people searching for a home for sale in Lake City, you’ve heard of a home warranty – but what is that, and do you need one? What is a Home Warranty? A home warranty is a lot like a vehicle warranty. You pay a warranty company to take care of issues […]
Why You Should Shop for a Mortgage Loan
If you’re buying a home for sale in Lake City or any of the surrounding communities, you’ll most likely need a mortgage loan – most people do. And when you’re ready toi apply for one, it’s incredibly important that you shop around. Here’s why. Why You Should Shop for a Mortgage Loan There are hundreds […]
