While many people view land as the ultimate “hands-off,” long-term investment, some landowners are able to turn their investments into an immediate income stream using an instrument called “owner financing.” Owner financing—sometimes called seller financing—is pretty self-explanatory. Instead of a buyer getting a loan from a bank or mortgage company, the person selling the property […]
7 Reasons to Make Land Your Next Investment
Land investment is generally viewed as something which is only profitable to real estate developers who acquire massive parcels of land for commercial or residential development. Nothing could be further from the truth. Investing in land is actually one of the greatest investment strategies available for anyone looking to build long-term wealth. Vacant land […]
Where to Stay When You’re Buying a Home in Lake City
Known as the “Gateway to Florida,” Lake City is a northern city located between Tallahassee and Jacksonville. If you’re considering a move here, you’ll need to know where to stay — and this list will get you started. Homes2 Suites Homes2 Suites 414 SW Florida Gateway Drive Lake City, FL 32024 855-277-5400 This pet-friendly hotel is […]
Painting Your New Kitchen in Your Lake City Home
Many sellers choose a neutral color scheme to help them sell their home quickly. If that’s the case with your new home, you may decide to paint right away. Many homebuyers repaint before moving in or immediately afterward. Since the kitchen is often the first room you’ll unpack, it’s a great place to begin. Choosing […]
Things to Do in the Lake City Area
Did you know the Lake City area was once called “Alligator”? While not the only swamp animal native to northern Florida, alligators tend to get more press than many others do. Since settling the area, we humans have learned to coexist with the native wildlife. Indeed, enjoying the local flora and fauna is a popular […]
Moving In? Do This First
If you’re like most people, moving in to your new home is the culmination of all your hard work finding and purchasing the house or condominium of your dreams. Most likely, you can’t wait to get your belongings moved in so you can get settled. However, there are a few things you might consider doing […]
Tax Breaks for Homeowners: You Could Be Eligible!
While you probably already know that most homeowners are entitled to certain tax privileges, you may not know exactly what they are – but here’s a quick breakdown of the tax advantages to owning a home. Remember, though, we’re North Florida Realtors®, not tax professionals. You should always consult a tax professional for specific tax […]
How to Improve Your Credit Score Before You Buy a Home
If you’re buying a home, you probably already know that lenders want to see that you’re capable of repaying a loan before they’ll give you money to do so – and that means they want to evaluate your payment habits, find out whether you have revolving credit lines, and check on your overall credit health. […]
From Renting to Owning: Tips for Apartment Dwellers
If you’re like many people, you’ve been living in an apartment while you wait for the right time to buy a house – but how are you supposed to know when it’s the “right” time, and what happens if you wait too long? Buying Your First Home Buying your first home is an emotional experience. […]
Do I Need Mortgage Insurance?
Unlike other forms of insurance you might buy, mortgage insurance doesn’t protect you; it protects your lender. However, that doesn’t mean it may not be to your benefit. Mortgage insurance reduces the risk to the lender, meaning you may be able to qualify for a loan with less than 20 percent of the home’s purchase price […]
