Are You Ready For Home Ownership?

Owning a home may be your dream, but in order for the purchase to be the happy and satisfying experience it was meant to be, you need to ensure that you are financially and mentally prepared for the responsibilities that come with it.

Some people have a notion that home ownership is like renting, but with the power to have pets and paint the walls whatever color you like. However, while these privileges are available to homeowners in most municipalities, they come with the responsibilities of a mortgage, taxes and home maintenance. Preparing for home ownership requires you to take critical stock of your finances and your expectations.

Search now for Affordable homes in the area.

Questions for Prospective Homeowners

 

Are you ready to buy?

Owning your own home is about more than just being able to decorate any way you like; it's about being prepared to maintain your home over the years, realizing that part of your income and time will go towards repairs and maintenance. It's about being willing to take the risks of home ownership with a realistic expectation of the rewards.

How much can you afford?

It can be discouraging to find that your salary won't stretch as far as the home you want to own. However, sacrificing a huge part of your income just to pay the mortgage can very quickly make home ownership a burden rather than a point of pride. It's better to buy a modest home now and look at purchasing your "dream home" in a few years. If you are interested in an online prequalification through our wonderful mortgage affiliate you can find the application here:

What is your debt-to-income ratio?

This is something that lenders take very seriously. Your overall debt should not be more than 40% of your income, and your housing debt should not be more than 32%. What 32% of your income will buy depends on where you want to live. In rural or downtrodden areas for example, it can buy a very comfortable residence and ample acreage. In highly sought-after urban areas however, it may not even buy a 400 square foot bachelor suite.

What do you want?

Do you like the idea of cleaning your own gutters? Do you shudder at the thought of lawn care? Would you rather just pay a fee every month and have everything done for you? Would obeying rules about when you can have your garbage cans out bother you, or do you want to live in a neighborhood where everything is 'just so'? The answers to these questions can help you narrow down the search for the right type of property for you.

We Can Help

You need a good agent who will work hard for you. Our real estate team is dedicated to helping you find the right home, at the best price. We want you to find the home that will make you happy and successful in real estate ownership.

When you hire us to help you buy your first home, we want to know what you want and how much you can afford. Then we'll find a way to merge these two priorities and find a residence that you'll enjoy owning.

Keep your objectives in mind when visiting a home. Sometimes the idea of owning a home can overwhelm your practical sense, so keep your feelings in check. Keep a list handy of the features that you need and want in a home, and judge each home by the list instead of by details that could distract you from your goal. When you're alone with your agent, you can go over the pros and cons of each home. We can help you stay on track while still keeping our eyes out for a great property.

Make the offer. This can be a maze of "buyer", "seller", "chattels", "deposit", and "completion". We'll be happy to prepare the paperwork and go through it with you before submitting it. Remember, the seller may reject or counter your offer, so even at this late date, avoid setting your heart on the home you hope to own. You'll probably have to write a deposit check to the seller's broker that proves the seriousness of your offer.

Get all necessary inspections done. A home inspector will check for signs of harmful materials like asbestos, lead paint and mold. They'll also check for evidence of pests, faulty wiring and leaks. This is a crucial part of the home purchase. Not getting an inspection done means that you could be stuck in a home with a bad case of black mold and no recourse other than to pay for its removal. Inspections will cost a few hundred dollars, but again, this is more than worth it in the end. There are several inspectors in the area that we'd be happy to recommend.

Do a final walkthrough before closing the deal. We'd be happy to do this with you to make sure that everything agreed upon is completed prior to the final signing.

From the first interview that determines your requirements to the moment that you receive the keys, we can help you with the complicated process of buying a home. Don't hesitate to contact us to find out more about how we can make the home buying process easier!

Contact us for more information about first time home purchasing.

All Listings $100,000 - $200,000 $200,000 - $300,000
1,596 Properties Found. Page 1 of 107.
Photo of Listing #1038689
New Listing

1760 Keswick Rd, St Augustine

$300,000 - 4 Beds, 2 Baths, 1,848 Sf

MLS® # 1038689

LEGACY REALTY GROUP NORTH FLORIDA INC
Photo of Listing #1038570
New Listing

11814 Lindsey Lake Dr, Jacksonville

$300,000 - 6 Beds, 4 Baths, 3,272 Sf

MLS® # 1038570

COLDWELL BANKER VANGUARD REALTY
Photo of Listing #1037944
New Listing

4833 Reef Heron Cir, Jacksonville

$300,000 - 3 Beds, 3 Baths, 1,973 Sf

MLS® # 1037944

BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Photo of Listing #1037749
New Listing

543 Northside Dr South, Jacksonville

$300,000 - 4 Beds, 3 Baths, 2,042 Sf

MLS® # 1037749

D R HORTON REALTY, INC
Photo of Listing #1030944

2943 Algonquin Ave, Jacksonville

$300,000 - 2 Beds, 1 Baths, 1,260 Sf

MLS® # 1030944

CENTURY 21 FIRST COAST
Photo of Listing #1034926

1440 Tintern Ln, St Augustine

$300,000 - 4 Beds, 2 Baths, 1,660 Sf

MLS® # 1034926

PREMIER HOMES REALTY INC
Photo of Listing #1034142

14710 Bartram Creek Blvd, Jacksonville

$300,000 - 3 Beds, 3 Baths, 1,875 Sf

MLS® # 1034142

NAVY TO NAVY HOMES LLC
Photo of Listing #1030391

246 Glasgow Dr, St Johns

$300,000 - 4 Beds, 2 Baths, 1,862 Sf

MLS® # 1030391

D R HORTON REALTY, INC
Photo of Listing #1028600

2536 Herschel St, Jacksonville

$300,000 - 3 Beds, 3 Baths, 3,189 Sf

MLS® # 1028600

CREST REALTY COMPANY
Photo of Listing #1028562

221 Chasewood Dr, St Augustine

$300,000 - 4 Beds, 2 Baths, 2,057 Sf

MLS® # 1028562

D R HORTON REALTY, INC
Photo of Listing #1027348

1564 Chelsea Pl, Orange Park

$300,000 - 3 Beds, 2 Baths, 2,699 Sf

MLS® # 1027348

BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Photo of Listing #1020495

192 Concave Ln, St Augustine

$300,000 - 3 Beds, 2 Baths, 1,863 Sf

MLS® # 1020495

KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE
Photo of Listing #1025854

1466 Poplar Ridge Rd, Orange Park

$300,000 - 4 Beds, 3 Baths, 2,430 Sf

MLS® # 1025854

SELECT REALTY LLC
Photo of Listing #1020348

25 Pickett Dr, St Augustine

$300,000 - 4 Beds, 2 Baths, 1,986 Sf

MLS® # 1020348

D R HORTON REALTY, INC
Photo of Listing #1020344

296 Pickett Dr, St Augustine

$300,000 - 4 Beds, 2 Baths, 1,986 Sf

MLS® # 1020344

D R HORTON REALTY, INC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Round Table Realty are marked with the listing broker's name and detailed information about such listings includes the name of the listing brokers. Information deemed reliable but not guaranteed.

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Listing information last updated on February 17th, 2020 at 1:23pm EST.