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What Are The 3 Most Important Things When Buying an Ocala House?

What Are The 3 Most Important Things When Buying an Ocala House?

Want to know the 3 most important things when buying an Ocala house? Buying a home is an exciting milestone, but it’s also a major financial decision that requires careful consideration of your needs and budget. With so many factors at play, it can be easy to get overwhelmed and lose sight of what’s most important in the process. 

In this blog post, Ocala realtor Scott Coldwell and the professionals at Your Home Sold Guaranteed Realty - Coldwell Real Estate Services will discuss the three most important things you should keep in mind when buying an Ocala house.

Key Takeaways:

  • One of the most important things when buying a house is thinking about your practical needs- both now and in the years to come.
  • Beyond just the purchase price, take an honest look at your income, debts, down payment funds, and ability to comfortably cover the expenses associated with homeownership.
  • One major homeownership expense that buyers frequently underestimate is the amount they need to pay in property tax.

What Are The 3 Most Important Things When Buying an Ocala House?

Home Features

One of the most important things when buying an Ocala home is thinking about your practical needs- both now and in the years to come. Key features to evaluate include:

  • Location
  • Curb appeal
  • Layout and floor plan
  • Lot size
  • Number of bedrooms and bathrooms
  • Neighborhood dynamics

Your new home should align with your current lifestyle while also offering flexibility for the future. Don’t just think about your needs for today. Depending on how long you intend to stay in the home, look ahead and choose one that can adapt as your circumstances evolve.

Budgeting for Value and Affordability

Finding your dream home is only part of the equation– you also need to ensure it aligns with your finances. There are two key pricing considerations:

  • Fair Market Value: A professional Ocala realtor is the best way to find the market value of your home. They can analyze comparable sales to help you get the best possible price and avoid overpaying.
  • Overall Affordability: Beyond just the purchase price, take an honest look at your income, debts, down payment funds, and ability to comfortably cover the expenses associated with homeownership. Beyond the monthly mortgage payment, this also includes property taxes, homeowner’s insurance, potential HOA fees, maintenance costs, etc.

Property Taxes

One major homeownership expense that buyers frequently underestimate is the amount they need to pay in property tax. The property tax rate in Ocala is 1.26%. Depending on the home’s value, this can easily cost you thousands or even tens of thousands per year.

Before purchasing a home, do some research on the specific property tax amount for that home and neighborhood. Your realtor should be able to provide you with up-to-date information. Once you have a number, add it to your projected monthly mortgage payment for an accurate picture of how much you’ll be paying each month.

Buying an Ocala House is Easy with Scott Coldwell

What Are The 3 Most Important Things When Buying an Ocala House?
Scott Coldwell

An experienced Ocala realtor is invaluable for guiding you through the most important things in the home-buying process. At Your Home Sold Guaranteed Realty - Coldwell Real Estate Services, Scott Coldwell and our team have worked with thousands of home buyers in Ocala and North Central Florida.

We know exactly what to do to guide our clients through closing and into their dream homes.  Our experience is only one reason we’re the best realtor in Ocala. In addition, we offer unique buyer guarantees that make the buying process risk-free, like our Buyer Protection Plan.

To learn more about working with Your Home Sold Guaranteed Realty - Coldwell Real Estate Services to buy a house in Ocala or the surrounding areas, call 352-290-3512, send a message to [javascript protected email address], or fill out the form on this page.

To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!

Scott Coldwell $ 223 SW Broadway St, Ocala, FL 34471 352-290-3512
Scott Coldwell, Broker/Owner
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