Psychological reasons

    1. More stability to own a home than to rent a house:

a.     a. When you are renting, the house may become for sale at any time, so you may need            to move out.

         b. The contract of the rental property expires and you are not sure if you must move                out.

         c. Usually, the rent you pay increases over time. Every year? Every other year?  

         *Consider the stress, cost, and time wasted when moving. 

2. 2. Buying a home in an area that you like strengthens the feeling of belonging to a                  community where you want to continue to grow. By nature, humans have an                          emotional need to be part of a group (family, tribe, group of friends, sports team)                  and to have a geographic area of reference to be proud of (city, country).

3. The excitement of caring for your own castle (your home) where to make live-lasting         memories is a unique experience. You can upgrade, paint, and decorate your home,             and choose the preferred landscape of your taste.

Financial reasons

4. 4. When you get a mortgage loan with a fixed interest rate, it cannot be changed by the          bank during the mortgage life (15-30 years). Conversely, the rent always increases.

5. 5. Your home may increase in value overtime (property appreciation), which equity can          be calculated at any time by deducting the remaining mortgage from the fair market            value of the property. This is one of the greatest ways a person can create wealth. Keep        in mind, however, that appreciation in all properties is not the same and it is more likely      to happen if the house is chosen correctly with the help of a real estate agent who                knows well the area and the market prices. 

6. Each month your home is a step closer to be yours because at the pace you are                  paying your monthly mortgage the principal reduces. And, if you do not sell it, at the            end of the mortgage life you will own your home, while having paid less monthly                    than if you were renting it.

    And If you decide to pay additional principal each month (let’s say an amount in                    between the required monthly payment and what would cost to lease that house),                the mortgage life and total interest paid will reduce.

    Contrarily, when paying rent, you are just allowed to reside in that property, but it will          never be yours. So, your money goes away from you, while helping your landlord pay            that rental house mortgage, which, at one point will be paid off, thanks to you and                the other tenants that also lived there.

 7. Tax benefits. There are some tax deductions allowed, such as property taxes and                   mortgage interest. Also, some states (like Florida) offer homestead exemption to the             primary residence owned and occupied by a person or family.

8. The current low mortgage interest rates (as of November 9-2020) and a wide variety         of mortgage loans available (some requiring a minimum down payment of $0.0) that           are well regulated by the government, MAKE IT VERY AFFORDABLE TO BUY A HOME!

WHAT TO DO BEFORE BUYING PROPERTY to reside yourself or renting it to others: 

1) Choose a REAL ESTATE AGENT that represents you exclusively; not the listing agent of a property that you are interested in because, when assisting a direct buyer without an agent, the seller's agent cannot represent the buyer’s interests only, but, at most, act as a transaction agent. Your agent can help you find and negotiate the best possible property for your money.

2) Find a lender’s agent that shows you all the mortgage loan possibilities that best fit your financial situation.

3) Always choose a FIXED INTEREST RATE if you do not want the bank to be able to raise it during the entire loan.

Disclaimer: The above is solely intended for informational purposes and in no way constitutes legal or financial advice. Each person should analyze the particular situation to determine if the information presented here can be applied. Looking for financial advice is recommended before making decisions!

 WHY TO BUY A HOME IN OCALA, FL? Ocala is a fast-developing area because of many reasons, such as:

ü Privileged location in the heart of North Central Florida, between the beautiful                     Mexican Gulf beaches and the exciting Atlantic coast beaches; surrounded by                         important cities, such as Orlando, Tampa, Saint Petersburg, Gainesville, Saint                           Augustine, Jacksonville, Daytona, The Villages, and others, each one of them unique             and wonderful to visit for a variety of fun reasons.

ü City & Country mix lifestyle, with the benefits and comfort of the city and the fresh air,       tranquility, and wide green spaces of the country.

ü While Florida is one of the states with lower cost of living in the nation, Ocala has a             cost of living below the average in Florida.

ü We enjoy a great weather for outdoor activities the entire year.

That is why:

·  Families from all corners of the US and other countries are moving here.

·  There are many communities for Retirees (55 plus) and many more being built at this          time.

·  Horse lovers from all over the World keep moving to Ocala. Actually, this beautiful city        is trade marked as the ‘Horse Capital of the World’. Not in vain private land                            developers are currently investing millions of dollars to build the impressive                            World Equestrian Center in NW Ocala.

·  Investors from all over have seen in Ocala a great place to buy all kinds of properties,            commercial, residential, horse farms, and land.

What are you waiting to buy your piece of paradise in Ocala?

We are ready to HELP YOU!         (352) 266-2782          

         Diego Bravo: Real Estate Sales Associate of PROFESSIONAL REALTY OF OCALA 

              YouDeserveOcala.com 2801 SW College Rd Suite#10, Ocala, FL 34474