The media is abuzz with tales of doom and gloom in the real estate market. So why do you want to buy NOW? When interest rates are at near historic lows, inventory is higher and prices have come down, we are in a buyer's market. There are fantastic loan programs right now for qualified first time home buyers with up to 100% FINANCING with a low, fixed interest rate for 30-years (The Florida Bond Program). FHA loans are available for owner-occupants and are 97% financing, only requiring a 3% down payment or less!
Gainesville has an incredibly low foreclosure rate. We have the University of Florida, Shands Hospital and the VA, all of which bring employment opportunities and shield our local economy from the same fate as some of the other areas in the country. Couple that with the fact that Gainesville, FL not only currently has the lowest unemployment rate in the state, but it was voted #1 city to live in the nation in 2007, according to Cities Ranked and Rated, and you must be curious about what all the buzz is about!
The real estate market can change at any time and there is no guarantee that property values will continue to appreciate or maintain, but it is my opinion that Gainesville will continue to be an area that does not succumb to the market woes that the media is shoving down everyone's throat!
There are a lot of great loan programs and options for first time home buyers as well. If you are new to the homebuying process, you may want to take a look at my Buyer's Guide to Survival, which talks about the steps to take and the costs associated with purchasing a home.
Please contact me for more information about why now is a great time to buy and I'd be happy to send you some homes that are currently available in an effort to educate you about "what you get for the money" in Gainesville!
Angela Elliott is a licensed Florida REALTOR® with Century 21 Classic Properties in Gainesville, FL. Please visit my profile for more about me and browse my Gainesville, FL real estate website for additional Alachua County information and listings. Your phone calls are always welcome at (352) 256-7038 as are your e-mails to angela.elliott1@century21.com. A portion of all my closed sales will be donated to the Alachua Co. Humane Society (View my mission statement).
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