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Entries Tagged as 'North Central Florida Real Estate'

The Pros and Cons of Building Vs Buying a Home

July 5th, 2017 · No Comments

If you are in the market for a new home, you may have already begun to ponder whether you should build your new home or buy your new home.  There are many good reasons to go either way.  Below is a list of pros and cons of building vs. buying a home for your consideration.

  1.  One pro of building a home instead of buying is that you can customize the home to be exactly what you are looking for.  There will be no need to go in and change things once you move in because the home will already be build to your liking.  A con of building a home to get everything you wish for is that the price may be out of your comfort zone.
  2. A con to building your home instead of buying your home   is that picking every little thing out can quickly become a daunting task.  When you build your own home you will be picking out things you never thought much about such as door knobs and ceiling fans.  If you like to pick things out and you don’t mind spending time doing so then this may not be a problem for you.
  3. If you want things done quickly and you like instant gratification then buying a home may be better for you than building one.  Typically when you set out to build a home you have a time frame you plan to finish it in that doesn’t work out quite like you planned.  If you are an impatient person you may want to just buy a home and fix it to your liking or better yet just buy a home that is everything you’re looking for.
  4. A con to buying a home can sometimes be location.  If you love the home but you don’t like the neighborhood then buying may not be right for you.  When you build you will be able to build on land that you purchase and love.

These are a few pros and cons to building vs. buying a home that can get you starting thinking a little bit deeper about what you want to do.   Buying or building  a home is a big decision no matter which you choose, so be sure to think about every possibility before you begin.

 

Courtesy Gainesville FL Realtor Linda Luetjen.

Tags: North Central Florida Real Estate

Don’t Forget to “Spring Forward”

March 10th, 2017 · No Comments

daylight saving time

Courtesy Gainesville FL Realtor Linda Luetjen.
352-332-8841 or lindalu@gatorhomes.com

Tags: North Central Florida Real Estate

Gainesville FL Real Estate Market Trends – Sept 2016

October 26th, 2016 · No Comments

mortgage rates

Freddy Mac reports that mortgage rates staying low. Here are the national averages for mortgage rates during the week ending Oct. 6:

  • 30-year fixed-rate mortgages: averaged 3.42 percent, with an average 0.5 point, unchanged from last week. A year ago, 30-year rates averaged 3.76 percent.
  • 15-year fixed-rate mortgages: averaged 2.72 percent, with an average 0.5 point, also unchanged from last week’s average. Last year at this time, 15-year rates averaged 2.99 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.80 percent, with an average 0.4 point, dropping slightly from last week’s 2.81 percent average. A year ago, 5-year ARMs averaged 2.88 percent.

With rates like this, is it time for you to buy a home? If so, just hit reply to get started!

Take a look at how many folks bought homes in our market last month…

Gainesville FL Real Estate Market Trends – September 2016

The Gainesville FL area single family home sales saw the number of new listings decrease by 4.90% when compared with Sept 2015 numbers.  Pending sales decreased by 10.90% while sold listings decreased by 4.22%. The average sales price decreased by 14.29% and market times dropped by 19 days.

Gainesville Area
Single Family
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
Sept 2016 252 188 203 $228,359 118
 Sept 2015 265 211 213 $198,966 137

The Gainesville FL area Condo home sales saw new listings decrease by 16.66% when compared with Sept 2015 numbers.  Pending sales increased by 24.32% while sold listings increased 23.80%. The average sales price increased by 15.82% and market times dropped by 12 days or 12.35%.

Gainesville
Area Condo
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
 
Sept 2016
55 46 52 $107,537 105
 
Sept 2015
66 37 42 $92,841 119

For the latest Gainesville FL real estate market conditions in your area, please call me at 888-424-8841 or visit MyGatorCondo.com.

Tags: Area Info · Buyer Info · Market Trends · North Central Florida Real Estate · Real Estate · Seller Info

6 Steps To a Pre-approval

October 21st, 2016 · No Comments

pre-approval

If you are in the market for a new home then the very first step you need to take even before you begin your search for the perfect place is to get a pre-approval on a loan.  Most Realtors won’t take you serious about looking for a home until you have your pre-approval.  There are a few things that need to take place in order for a pre-approval to be a legitimate one.  If your lender tells you that you are pre-approved within just a few minutes you may want to do some investigation to find out if it’s a legit pre-approval or not.   Below are a few instructions on what you need to do in order to receive a pre-approval.

  1. Submit an application with the lender of your choice
  2. Provide all documentation that the lender requires of you
  3. Given the go ahead and approval for the lender to pull your credit
  4. Your lender must have found that you meet all the credit guidelines. They will look at things such as your debt-to- income ratio as well as your assets.
  5. The lender will have talked with you about what money you need to have together for closing costs as well as what your mortgage payment will be monthly. Your lender will also go over any or all programs that you may qualify for.
  6. An automated underwriting must be made by your lender before you can move forward with your loan.

If you have a good lender, he or she will talk with you about the different requirements to get a pre- approval and they may even determine that you need to work on a few things first and give it a bit of time before you apply for a pre-approval.  Good lenders will spend the time needed with you to figure out where your finances are so that you don’t end up getting in over your head with a home you cannot afford.  Take your time looking for a lender so that you have a good match and one that you can trust.  After all, buying a home is a big deal and you need to be able to trust those who are leading you into your future and home ownership.

Courtesy of Gainesville FL Realtor Linda Luetjen.

Tags: Buyer Info · Money matters · North Central Florida Real Estate · Real Estate

Things To Do Gainesville: U Pick Lane Pumpkin Patch & Corn Maze

October 19th, 2016 · No Comments

U Pick Lane Pumpkin Patch & Corn Maze

Things To Do Gainesville:  U Pick Lane Pumpkin Patch & Corn Maze gives you a fun festival to attend this weekend!

Welcome to our 2016 Fall Festival!  Be ready to have an old fashioned good time!

Corn maze, pumpkin patch, Monsterbine Combine rides, Corn Hole, Pipe Slide, Food & Fun! ~ Take a country ride out to U Pick Lane!

WHEN:  Saturday, October 22, 2016 @ 6pm
WHERE:  U Pick Lane
COST: $10

Visit the Event Website for more details.

Information courtesy of Gainesville FL Real Estate Expert Linda Luetjen

Tags: Area Info · North Central Florida Real Estate · Real Estate · Things To Do

Things To Do Gainesville: Jean Dorney WILDflower Walk

October 12th, 2016 · No Comments

Jean Dorney WILDflower Walk

Things To Do Gainesville:  Jean Dorney WILDflower Walk is the perfect way to enjoy the outdoors this weekend!

Enjoy the spectacular Fall wildflower bloom in the piney woods of Morningside Nature Center during a guided walk! The JEAN DORNEY MEMORIAL WILDFLOWER WALKS take place every Saturday in October and start at 9 a.m. at Morningside Nature Center, from the education building.

Wear comfortable walking shoes; bring water and field guides you would like to use. Admission is FREE! These walks are courtesy of a grant from the Friends of Nature Parks in honor of charter member Jean Dorney.

Jean, a Texas native, moved her family to Gainesville in 1972. She quickly became involved with the Alachua Audubon Society and was a founding member of Friends of Nature Parks. Through the years, Jean was an active advocate of adult education programs at the nature parks and participated in many wildflower walks and natural history classes.

WHEN:  Saturday, October 15, 2016 @ 9am-10:30am
WHERE:  Morningside Nature Center

Visit the Event Website for more details.

Information courtesy of Gainesville FL Real Estate Expert Linda Luetjen

Tags: Area Info · North Central Florida Real Estate · Real Estate · Things To Do

Gainesville FL Real Estate Market Trends – August 2016

October 12th, 2016 · No Comments

home improvement

Being a homeowner means that your home is yours – even the things that need fixing. Is a faucet leaking? Are floor boards squeaky? Is a light-switch not working? Those issues are all yours to tackle. But what projects can you do yourself and what ones require the help of a trained professional? Taking on projects yourself can save you time and money. But taking on the wrong projects can lead to unending amounts of stress or end up costing you more money than if you had hired someone in the first place. NAR’s consumer website, HouseLogic.com, lets you know which projects need a seasoned hand and a beginner can undertake.

Take a look at how many families decided to become homeowners in our local market in August…

Gainesville FL Real Estate Market Trends – August 2016

The Gainesville FL area single family home sales saw the number of new listings increased by 10.11% when compared with August 2015 numbers.  Pending sales decreased by 18.91% while sold listings increased by 11.11%. The average sales price increased by 8.41% and market times dropped by 9 days.

Gainesville Area
Single Family
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
August 2016 283 180 280 $230,340 123
 August 2015 257 222 252 $212,459 132

The Gainesville FL area Condo home sales saw new listings decrease by 14.03% when compared with August 2015 numbers.  Pending sales increased by 9.80% while sold listings increased 2.43%. The average sales price increased by 10.08% and market times dropped by 103 days or -50.25%.

Gainesville
Area Condo
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
 
August 2016
49 56 84 $103,175 102
 
August 2015
57 51 82 $93,724 205

For the latest Gainesville FL real estate market conditions in your area, please call me at 888-424-8841 or visit MyGatorCondo.com.

Tags: Market Trends · North Central Florida Real Estate · Seller Info

Things To Do Gainesville: The Great Halloween Costume Sale

October 4th, 2016 · No Comments

THE GREAT HALLOWEEN COSTUME SALE

Things To Do Gainesville:  The Great Halloween Costume Sale is a great event this weekend!

Dance Alive and The Next Generation present The BEST EVER Great Halloween Costume Sale. NO PRESALE! Great adult and children’s costumes! Hip-Hop, jazz, ballet, contemporary and tap costumes for girls and boys/men and women – some never been worn that originally cost $65. You can let your imagination go wild! Benefits Dance Alive National Ballet’s educational programming.

WHEN:  Saturday, October 8, 2016 – 9am-2pm
WHERE:  Pofahl Dance Studios
COST: varies

Visit the Event Website for more details.

Information courtesy of Gainesville FL Real Estate Expert Linda Luetjen

Tags: Area Info · North Central Florida Real Estate · Real Estate · Things To Do

Things To Do Gainesville: Pink Pumpkin Pedal-Off

September 26th, 2016 · No Comments

Pink Pumpkin Pedal-Off

Things To Do Gainesville:  Pink Pumpkin Pedal-Off  is a charity bicycle ride to raise funds to support local research on treatment-resistant breast cancers.

Ride distances are 22, 40, or 62.5 miles and all rides begin and end at the Cancer and Genetics Research Complex at the University of Florida. Register at www.pinkpumpkinpedaloff.org

WHEN:  Saturday, October 1, 2016 @ 8:30am
WHERE:  UF Cancer and Genetics Research Complex

Visit the Event Website for more details.

Information courtesy of Gainesville FL Real Estate Expert Linda Luetjen

Tags: Area Info · North Central Florida Real Estate · Real Estate · Things To Do

Deciding Which Offer To Accept Between Multiple Offers

September 23rd, 2016 · No Comments

Choosing between multiple offers to sell your home

You must admit the housing market is booming right now and this means that many folks are getting more than one offer on their house.   Knowing which offer you should accept  can sometimes be a daunting task.  If you get multiple offers you may think that opting for the highest bidder is the route to go, but not in all cases is this true.  Below are a few tips for making sense of it all, and deciding which offer to accept between multiple offers that is best for you and your family.

  1. If you want your home to be sold to a family member but their offer is just too low as compared to someone who is going to use your house as an investment for example, try coming back with a counter offer.  Just because you get a really high offer from someone doesn’t mean you have to accept that offer.  If you don’t want to see your home be flipped for example, don’t accept the offer from that person.  If you can afford to do so, accept a little bit of a lower offer to keep the house in the family.
  2. If you have a potential buyer make an offer with contingencies it may be best to skip over that person. You don’t want to get involved in things such as waiting for a potential buyers house to sell before they can purchase yours.  In most cases it will serve you best, if you have more than one offer, to skip right over those with contingencies.
  3. If you have a buyer that makes a good offer on your house but they cannot close for a month or two, pick the one that can close more quickly if that meets your needs.
  4. Just because someone makes a really high offer on your house doesn’t mean they are the ones who need to win the bid war. Many times folks that make very high offers may back out in the end leaving you high and dry.  Be careful not to just accept the highest bid and not look at any of the rest.

Hopefully these ideas on how to decide which offer to accept  when you have multiple offers on your home will make things easier for you.   Don’t worry too much about it, after all…multiple offers is a good thing!

Courtesy of Gainesville FL Realtor Linda Luetjen.

Tags: home ownership · North Central Florida Real Estate · Real Estate · Seller Info