- High Inventory: There are more than 5000 homes on the market in Ocala/Marion County today. Many homes are brand new and have never been lived in. There is something on the market in every price range. Just 5 years ago, buyers had to make compromises to find their dream home. We also have many building lots in all sizes at fantastic prices.
- No Bidding Wars: In 2005 multiple offers on one property drove buyers insane. They had to make their first offer the best offer, or they would lose the house they wanted. Many buyers gave more than the asking price. In todays Buyer's Market I have not seen any competitive bidding, unless you are buying a foreclosure. We are seeing some early signs of a recovery, so buyers, beware, these low prices will not be around forever.
- Still Time to shop: In the Seller\'s market of five years ago, time was of the essence. You had to hurry to make an offer, or you would be in competition with other buyers. Today you can take your time, look at several homes and weigh all of your options.
- Make an offer: Sellers invite you to make offers. Most of them will not be insulted if you make them a reasonable offer they cannot refuse.
- Inspections: Buyers are encouraged to obtain home and termite inspections and appraisals. During the hot Seller's market, many buyers waived these contingencies to gain advantage with multiple offers.
- Builder concessions: Builders are extremely motivated to sell the many spec homes they have in their inventory. They are offering help with closing costs, inexpensive lease options and offering many of the upgrades at a great discount.
Gone are the days of no doc, adjustable and sub-prime loans. Low fixed rates are back (the feds keep adjusting the prime rate). FHA financing, special loans for first time home buyers, teachers and police officers are still available. If you would like us to help you get pre-qualified for a mortgage, contact us
and let's get started!
Have questions? Please feel free to contact us and we will be more than happy to offer you our professional real estate services.
Markets Served: Belleview | Dunnellon | Lady Lake | Marion County | Ocala | Summerfield
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