When you buy a cattle ranch in Lake City, a home for sale in the area, or anything else, your lender will most likely require an appraisal—and your Lake City Realtor® will set up a contingency in your real estate purchase contract that protects you if the appraisal doesn’t come out the way you (and […]
What’s a Saltwater Swimming Pool?
A saltwater swimming pool isn’t really 100 percent saltwater. It is actually a pool that uses salt to make its own chlorine, instead of putting store-bought chlorine into the pool. The chlorine generated from salt is a lot less irritating and harmful because it is pure chlorine. Commercial chlorine is often as much as 90% […]
Why You Need Mortgage Preapproval
If you’re like most people, whether you’re looking for a large farm in North Florida or you want non-deed restricted land for sale in Lake City or Live Oak, you’re going to need financing—and that means it’s a good idea to get mortgage preapproval before you even begin searching. Why You Need Mortgage Preapproval When you apply for […]
What is a VA Funding Fee?
If you’re taking out a VA loan to pay for a home, whether it’s a large farm in North Florida or you’re looking for non-deed restricted land for sale in Lake City or Live Oak, you’ll have to know about the VA funding fee. But what is it, and how much is it going to cost you? What […]
What Are Comparable Sales in Real Estate?
When you’re interested in buying a home, whether it’s a large farm in North Florida or you’re looking for non-deed restricted land for sale in Lake City or Live Oak, your home appraiser (the one your lender appoints to the task) will look for comparable sales. But what are comparable sales, and why do they […]
What Are “Fixtures” in Real Estate?
Whether you’re buying a large farm in North Florida or you’re looking for non-deed restricted land for sale in Lake City or Live Oak, you’ll need to know what stays with the property and what goes with the previous owner. The things that stay are called fixtures—and before you sign the dotted line, you need […]
What Are Contingencies in a Real Estate Contract?
Whether you’re buying a large farm near Lake City or a land-home combo in the same area, you’ll have a real estate purchase contract to seal the deal. Within that contract, you’ll most likely have contingencies—but what is a contingency, and why do you need them in your contract? What is a Real Estate Contingency? […]
What is a Real Estate Purchase Contract?
A real estate purchase contract is an essential instrument in your transaction, but what is it? What does it include? What is a Real Estate Purchase Contract? A real estate purchase contract, which is also called a residential purchase agreement, is a binding agreement between two or more parties. The contract allows you to exchange […]
What is a Home Warranty?
If you’re buying a new house, whether it’s a large farm near Lake City or a land-home combo in the same area, you might be thinking about buying a home warranty, too. But what is a home warranty, and is it worth it? What is a Home Warranty? A home warranty, unlike homeowners insurance, is […]
What is Homeowners Insurance?
When you’re buying a home, whether it’s a $150,000 to $200,000 house for sale in Lake City or a big farm for sale in White Springs, you’ll most likely need to buy homeowners insurance. But what is it, and why do you need it? What is Homeowners Insurance? Homeowners insurance is a form of […]