To Buy or to Sell a House in the Lake City, FL Real Estate Market

If you are interesting in selling your property, now would be a good time to put it on the market. We have noticed a measurable increase in the number of buyers, prospects, and overall market activity right now in the Lake City, FL area.

With approximately a 12 month supply of residential homes for sale in the Lake City, FL area, prices are still low & will most likely remain stable for this year. However, because of the drastic drop in home values over the past few years, if you are waiting to see the market come back before you sell, it could be a very very long time.

Perhaps a better plan to consider would be to sell your home now, and buy your next home while price are low. You will loose some, but you will more than gain in the buying power of your money right now on the purchase whether upgrading or downsizing.

Also a option is to sell it as a short sale if you are underwater regarding the equity in your home. This will get you out of a high monthly obligation, most likely settle your debt, and free up your monthly resources. Even though your credit will be hit, if you rent for a year or two, and get back into something at today's prices, you would mostly likely be in a much better financial situation in a few years.

Homes are extremely affordable, Especially Lake City FL Homes & Real Estate

FAR affordability index. Still running at historic highs. The average buyer has nearly twice the income necessary to buy the median priced home financed with the average fixed rate mortgage loan.

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More Keep up with Mortgage Payments

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=237847
This is a good sign. Note the comment about strategic foreclosures. I think you will see this problem fade as the banks toughen up and the economy strengthens. I think we will look back at 2010 as the big washout year. It will carry into future year(s) but this may be the high water mark this year. - from: Charlie Sparks. Broker at Westfield Realty Group.

Flood Zone Mapping & Information

Finding FEMA flood zone maps for real estate properties has become easier & easier.

I wanted all to know that for the counties around there in North Florida its even easier than ever.

First get the parcel # of the property, land or home you are looking at.

Second, go to http://www.srwmdfloodreport.com/ Click the county are inquiring about, click go, and type in or past the parcel number you are interested in. This will map the property with a nice aerial map & highlited your parcel. I will show any flood zones in the are. You can also click the legend button to see what everythign means.

If the property is in a flood zone, this does not mean the end of it. Flood insurance is very affordable, usually costing only around $300 per year. Ask a Realtor for more details.

Here are the county property appraisers sites along with the corresponding flood zone site.

Columbia County - Lake City, FL - Fort White, FL

http://g2.columbia.floridapa.com/

http://www.srwmdfloodreport.com/

Suwannee County - Live Oak, FL - Branford, FL

http://www.suwanneepa.com/

http://www.srwmdfloodreport.com/

Hamilton County - Jasper, FL - Jennings, FL - White Springs, FL

http://www.hamiltonpa.com/

http://www.srwmdfloodreport.com/

Union County - Lake Butler, FL - Providence, FL

http://g2.union.floridapa.com/index.asp?

http://www.srwmdfloodreport.com/

The FEMA - Suwannee River map site also has the following counties: Alachua, Bradford, Columbia, Dixie, Gilchrist, Hamilton, Lafayette, Levy, Madison, Suwannee, Taylor, Union.

Latest Listing & Youtube Video Test.
Maple Ln for $99,900. Lake City, FL Real Estate.

MARKET WATCH: GAINESVILLEIn Gainesville, some positive signs have recently emerged about median home prices and existing home sales. "I think we're heading in the right direction," says Craig McCall, president-elect of the Gainesville Alachua County Association of Realtors. More buyers, McCall says, are beginning to look at properties, and agents are starting to receive more offers.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-040108.cfm __________________________

www.REALTOR.COM new Realtor.com consumer feature enables buyers and Realtors to immediately get listing information using their PDA or cell phone. The service, available 24/7, has a one-click button that delivers listing info about a nearby home, and another one-click feature to contact the listing agent or broker.Read the full story:http://click.email.floridarealtors.org/?ju=fe5f11767764007b751d&ls=fe0215707d64077877177371&m=feff1070756103&l=fec21d7177640c74&s=fe671c707464007d771d&jb=ffcf14&t=

Lake City, FL is in the news. Fortunatly this is not effecting the major residential areas as much as it is in government or national forest areas.

http://apnews.myway.com/article/20070513/D8P3N7E80.html

Just Listed... 4 bedroom, 3 bath, built in 2006 in the Plantations neighborhood here in Lake City, FL priced at $359,900

Upscale home in premier neighborhood built by top quality builder Isaac Construction. Home features: stronger 2x6 framing, crown molding, custom cabinets, stainless appliances, encased windows wi custom plantation style blinds and sun bursts, individual shower temperature controls.

Family room has built in bookshelf/entertainment center with electric fireplace. Pocket door to guest suite with private bath & door to porch. This is a must see home. Call for a tour.

Workshop is a 20’x20’ built to match house with 13 electrical outlets, roll up door, sink, shelves.