Marion Oaks North and South are wonderful neighborhood’s in Ocala, Florida. It’s a great place to live if you are looking for a place where you can relax and enjoy life. The community was established about 30 years ago and has been steadily growing since. Nowadays, it’s about to become an incorporated city with over 15,000 residents.
There are several banks, shops, and great restaurants in Marion Oaks, as well as several expansion plans that will increase the shopping area of the community. Education wise, Marion Oaks can offer:
- Marion Oaks Elementary (K-4)
- Sunrise Elementary School (K-4)
- Dunnellon High School
- Horizon Academy at Marion Oaks (5-8)
- West Port High School
A community college for the Ocala FL area is College of Central Florida that offers a variety of programs and vocational trainings. It’s a well-respected educational establishment that can give the youth a jump start in life. The University Center on the campus houses satellites for several major schools, such as St. Leo University, University of Central Florida, and Florida State University.
All in all, if you are moving to Ocala FL to raise a family and want your children to receive a good education, buying a house in Marion Oaks is a wise decision. Living there will be a great fun as there is always something interesting happening in Ocala FL. Don’t forget about the great climate that will save your mood from being ruined by nasty weather.
Every year, Marion Oaks hosts a fabulous Spring Celebration that includes a variety of fun events, including a parade, talent show, health fair, book sale, and even a car show. The festival also offers a great number of individual booths where you can buy all kinds of handmade products like cosmetics, souvenirs, delicious ethnic foods, etc. The celebration takes place in April, so be sure to come to Marion Oaks during this time to experience the true spirit of the community.
Tips for Buying a Home in Marion Oaks FL
If you are determined to become a happy owner of a home in Marion Oaks, you should start planning your purchase as finding and buying the perfect house is a lengthy and complicated process. The following tips will help you with it.
- Find out your credit score.
Getting a loan today is rather difficult, so you need to have a good credit score even if you qualify for some specialized financial aid programs offered by the state. To get lower monthly payments on your mortgage you should have a score over 680. The higher the better as this will allow you to cut down not only the monthly fees but the down payment as well. To get the best rates, you will need to have a credit score of 750 at the least. Improving your credit will be easy if you start early. Taking a few short-term loans will help you achieve this goal. You also need to study your credit reports carefully to make sure that no old debts ruin your score.
- Think of the future when choosing a house.
Few people think about reselling the property when they are buying a house in Marion Oaks, but there is always a chance that such a need will occur. Therefore, it’s best to choose a property that you would be able to sell for a good price. Get the home inspected and appraised by qualified professionals to learn its exact value. In addition, don’t try to buy the biggest house as such properties appeal to a very limited number of buyers. Therefore, you might have a hard time selling it in the future.
- Employ the services of an experienced Ocala FL real estate agent.
A good realtor will not only help you through the legal issues surrounding the deal, this specialist will also help you arrange all the necessary inspections and will find the perfect properties to show you. A local agent is a must as you no one else knows the area better than a resident of Ocala FL.
- Anticipate “sleeper costs”.
Remember that monthly mortgage payments as well as the initial down payment and closing costs for the home buying deal aren’t the only expenses associated with buying a house. There are also some “sleeper costs” that must be taken into account when you plan your budget. These costs include repairs, increases in property taxes, utilities, homeowner association’s dues, maintenance, etc. First-time home buyers often have a hard time anticipating these costs, so be sure to discuss this with your agent. Experienced realtors will not only help you with planning your budget but also help you find the house that realistically fits within your financial limitations.
- Show up with a pre-approved loan.
Marion Oaks is a great place to live, so the properties for sale here are always in high demand. To make the seller choose your offer over others you need to provide solid proof that you are capable of buying the house fast. If you can’t afford to pay in cash, which is the quickest option, you should have a pre-approval for a mortgage. This will indicate that you can get the loan fast.
To learn more about buying a home in Ocala, read my 10 steps to buying a home in Ocala. With 22 years of Real Estate experience I can assist you through the whole process!