Monday, January 27, 2020

Dispelling Refinancing Myths


“Refinancing” is a scary word for many people, but that shouldn’t be the case for you. For many homeowners, refinancing can not only lower your monthly payments and help with your monthly budget, but it can save you thousands of dollars in the long run.

YOU’RE NOT TOO LATE.
For years now, we’ve been hearing that interest rates will be on the rise, and although there have been some small increases, you’re still in a great position to drastically lower your interest rate. The general rule is if your mortgage interest rate is more than one percent above the current market rate, you should consider refinancing.

IT’S NOT TOO TIME CONSUMING.
Don’t brush off refinancing just because it seems like a long and daunting process. An informational call with a lender to see how rates compare will only take a few minutes. There are also some programs for streamlining the application process. And besides, isn’t the amount of money you could save worth the time and effort?

ARMS CAN BE REFINANCED, TOO.
Seeing your Adjustable Rate Mortgage (ARM) increase after the introductory period can be incredibly stressful and place a squeeze on your budget. Many people assume they’re stuck, but ARMs can be refinanced, just like fixed-rate mortgages. You can even switch to a shorter term fixed-rate mortgage, such as 15 or 23 years. The longer you’re planning to stay in the home, the more sense it makes to look into refinancing.

Monday, January 20, 2020

Take 5: What to Negotiate When Buying a House


Whether you are a first-time homebuyer or a seasoned veteran, the negotiation part of the transaction can be a little daunting and stressful. However, it is necessary to ensure you are getting the best possible deal for your money. So, what should you negotiate when buying a home?
  1. Closing costs. Your closing costs are determined by a variety of factors, but you can expect it to be between 2% to 5% of the purchase price. Ask the seller to cover some or all of the closing costs upfront or request a closing credit that can be used to make specific updates and fixes to the home.
  2. Furnishings. Love how the seller has furnished and decorated the home? Buyers often negotiate keeping couches, fixtures, landscaping items, patio furniture, appliances, and more. And many sellers agree, wanting to make the home more appealing.
  3. Inspection and closing timing. Buyer offers that include a quick inspection and close timeline are often more attractive to sellers who have been going through the process for far too long. Just ensure you allow yourself ample time to get your financing in place and complete proper, thorough inspections.
  4. Home warranty. Sellers will often agree to pay the premium on the home warranty at closing and then hand it off to the new homeowner, who is responsible for the deductible on any future claims.
  5. Repairs. Your inspection may uncover small or large repairs needed to bring the home up to standard. You can negotiate to have these items fixed before closing or ask for a price reduction to cover the costs.

Friday, January 17, 2020

861 Thoroughbred DR Orange Park, FL 32065

Property Site: http://tour.corelistingmachine.com/home/HK6BBA/861-Thoroughbred-DR-Orange-Park-FL-1033508
Spectacular large 4 bedroom, 3 bath home in Oakleaf Plantation at the end of a cul-de-sac. Beautiful courtyard entrance complete with waterfall koi pond.Hardwood floors, a wall of windows and tiled fireplace. Large master bedroom has walk in closets and double vanity and inviting garden tub in master bathroom. One of the best features is the detached 4th bedroom plus living room with private entrance and private bath. Huge screened lanai. Fenced in yard, large 2 car garage, includes washer and dryer. Lots of upgrades and updates make this home a must see!. Walking distance to pool.
Bedrooms: 4
Bathrooms: 3
Square feet: 2,646
Price: $289,900

For more information about this property, please contact JENNI GALLI at 904-505-5619 or galliteam@comcast.net. You can also text 5964436 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: http://www.gowithgalli.com/


MLS ID: 1033508

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Monday, January 13, 2020

615 Rothmoor LN St Johns, FL 32259

Property Site: http://tour.corelistingmachine.com/home/AXT7K2/615-Rothmoor-LN-St-Johns-FL-1031266
This tastefully upgraded pool home with 3 car garage awaits you. What an amazing outdoor space! Take a dip in the refreshing pool, listen to the relaxing waterfall or swim up to the built in table for a drink. Theres room for outdoor eating and an additional area to gather in the screened lanai. Double gate with paver walkway. Inside the home, the upgrades will amaze you! New wide plank hardwood floors in common areas, office with french doors, plantation shutters. Kitchen is upgraded with rope detail molding, glass front cabinets, corian counter tops. Owners suite has a double tray ceiling with sitting area, 2 separate closets with built ins, dual corian counter bathroom vanities, jacuzzi tub /separate shower. All bedrooms have custom closets. Speakers for your surround sound system.
Bedrooms: 4
Bathrooms: 3
Square feet: 2,580
Price: $425,000

For more information about this property, please contact JENNI GALLI at 904-505-5619 or galliteam@comcast.net. You can also text 5957308 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: http://www.gowithgalli.com/


MLS ID: 1031266

https://www.facebook.com/TheGalliTeam/ https://www.twitter.com/TheGalliTeam https://www.youtube.com/user/galliteam/

Tuesday, January 7, 2020

Must-Have Tools for Homeowners


When you own your home, things are going to break and, unless you want to spend your money on visits from a neighborhood handyman, you’re going to need to fix them yourself. Luckily, you don’t need an arsenal of tools to handle most home maintenance fixes. These five tools will cover most of your basic projects.
  1. Cordless drill. A cordless drill is a must-have for installing cabinets, drawer pulls, hinges, picture frames, shelves and hooks, and more. Whether it’s for do-it-yourself projects or repairs, you’ll use your cordless drill just about every month.
  2. Drain cleaners. Shower and bathroom sink drains are susceptible to clogs because of the daily buildup of hair and whisker clippings. You can use chemical clog removers like Drano, but they’re expensive and the lingering chemical scent is unpleasant. Instead, buy some plastic drain cleaners that can reach into the drain to pull out the clog of hair and gunk. You can purchase them on Amazon or at a local hardware store for a low price.
  3. Shop-vac. No matter how careful you are, spills and accidents will happen and there are some tasks that just can’t be handled with paper towels or a standard vacuum, like pet messes or broken glass.
  4. Loppers. Even the minimum amount of care for your landscaping will require some loppers to remove damaged branches, vines, thick weeds, and any other unruly plants in your yard.
  5. Flashlight. You’re going to want something a little more powerful than your iPhone flashlight when you’re in the crawlspace!

Monday, January 6, 2020

Which down payment strategy is right for you?


You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders.
But there can actually be financial benefits to putting down a small down payment—as low as three percent—rather than parting with so much cash up front, even if you have the money available.

THE DOWNSIDE
The downsides of a small down payment are pretty well known. You’ll have to pay Private Mortgage Insurance for years, and the lower your down payment, the more you’ll pay. You’ll also be offered a lesser loan amount than borrowers who have a 20-percent down payment, which will eliminate some homes from your search.

THE UPSIDE
The national average for home appreciation is about five percent. The appreciation is independent from your home payment, so whether you put down 20 percent or three percent, the increase in equity is the same. If you’re looking at your home as an investment, putting down a smaller amount can lead to a higher return on investment, while also leaving more of your savings free for home repairs, upgrades, or other investment opportunities.

THE HAPPY MEDIUM
Of course, your home payment options aren’t binary. Most borrowers can find some common ground between the security of a traditional 20 percent and an investment-focused, small down payment. Your trusted real estate professional can provide some answers as you explore your financing options.

Wednesday, January 1, 2020

615 Rothmoor LN St Johns, FL 32259

Property Site: http://tour.corelistingmachine.com/home/TZW5X9/615-Rothmoor-LN-St-Johns-FL-1029843
This tastefully upgraded pool home with 3 car garage awaits you. What an amazing outdoor space! Take a dip in the refreshing pool, listen to the relaxing waterfall or swim up to the built in table for a drink. Theres room for outdoor eating and an additional area to gather in the screened lanai. Double gate with paver walkway. Inside the home, the upgrades will amaze you! New wide plank hardwood floors in common areas, office with french doors, plantation shutters. Kitchen is upgraded with rope detail molding, glass front cabinets, corian counter tops. Owners suite has a double tray ceiling with sitting area, 2 separate closets with built ins, dual corian counter bathroom vanities, jacuzzi tub /separate shower. All bedrooms have custom closets. Speakers for your surround sound system.
Bedrooms: 4
Bathrooms: 3
Square feet: 2,580
Price: $425,000

For more information about this property, please contact JENNI GALLI at 904-505-5619 or galliteam@comcast.net. You can also text 5945432 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: http://www.gowithgalli.com/


MLS ID: 1029843

https://www.facebook.com/TheGalliTeam/ https://www.twitter.com/TheGalliTeam https://www.youtube.com/user/galliteam/