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Lake City Florida Real Estate For Sale

(386) 754-2818 - Rockford Realty Group - Lake City Florida

Tag Archives: Buyer Information

Feds Reach Settlement with Banks In Robo Signing Case

Federal officials announced today that five major banks have reached an agreement to pay out $25 billion to homeowners who were improperly foreclosed on. JPMorgan Chase, Citigroup, Wells Fargo, Bank of America and Ally Financial will reduce loans for nearly 1 million households. They will also send checks of $2,000 to about 750,000 Americans who were improperly foreclosed upon. The banks will have three years to fulfill the terms of the deal.

The settlement ends a painful chapter that emerged from the financial crisis, when home values sank and millions edged toward foreclosure. Many companies processed foreclosures without verifying documents. Some employees signed papers they hadn’t read or used fake signatures to speed foreclosures – an action known as robo-signing.

Read the full article here >> States, banks reach foreclosure-abuse settlement

Are You Currently Renting A Home?

Owning a home is a dream that should come true for everyone. This dream might be a lot easier to realize than you think!

Home ownership is a big and exciting step to take and if you would like to find out if you qualify financially, give me a call or email me at any time. My complete home buying services are paid for by the home seller, not you. I will help you with your home search, arranging financing, negotiating a good deal and completing all the details of the transaction at no cost to you.

Home ownership is the most affordable it’s been since the 1970′s!  Don’t miss out on the opportunity to purchase a home at a low price with an extremely low interest rate! >>read more about home ownership affordability

Let’s see if we can make your dream come true together!

Call Gabe Fitzhugh at (386) 754-2818

…your professional Realtor in Lake City Florida

Florida’s Real Estate Market In Upward Trend

According to three leading US economists, the Florida real estate market is entering 2012 on an upward trend.   ”Our state is in a mini-recovery, sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some Florida markets.”

There’s been a change from just a year ago. We’re seeing a drop in inventories of homes for sale in Florida.  This is a sign that demand is picking up and prices are stabilizing.  ”Buyers have stepped back into the Florida market.”

It looks like we’ll see a gain in home prices in the Miami and Naples markets and from there the recovery with move through central Florida and North Florida.  Foreclosures will remain a significant part of the North Florida market and other areas of Florida this year, but lenders aren’t putting them all on the market at once, they are putting them out at a gradual pace.

Thinking about buying a home?  Read more here: This is the most affordable home ownership period in over 35 years!

 

The best time to buy real estate since the 1970′s

 

Home affordability is the best in 40 years!

I’ve been reading several blogs and articles relating to home affordability lately.  It’s very interesting reading!  According to the National Association of Realtors, home affordability is the best it’s been in 40 years!   Due to falling home prices and record low mortgage rates, home ownership is now within the reach of more families then ever.  Homeowners are now bringing in double the income needed to cover the cost of an average home.

I published a blog post back in 2008 which mentions that (at that time) it was the most affordable home ownership period in 35 years, and it’s only gotten better!  Just compare the median price of a home, interest rates and qualifying incomes and you’ll see how buyers should really consider purchasing a home right now.  If you’ve been on the fence trying to decide when to buy, don’t consider price alone.  If you are purchasing the home with a mortgage, think about today’s interest rates and how they effect your affordability factor and then consider purchasing.

I looked at the interest rates being offered today, and you can get a 15 year fixed rate mortgage for 3 percent!  Wow! …and a 30 year fixed rate FHA mortgage is 3.75 percent!

Contrary to popular belief, banks are still lending, interest rates are low and it is a great time to purchase a home!  There are even loan programs that will get you into a home with no down payment!  Don’t let this opportunity pass you by!

Gabe Fitzhugh, Realtor in Lake City Florida

 

Call Gabe Fitzhugh for more information:

Call: (386) 754-2818

Email: gabefitzhugh@gmail.com 

Selling homes in North Florida… Lake City FL and the surrounding areas.