The news media has made it seam like the world is about to end because it is so bad. NOT SO. Realistically we are back to a normal market. 2005-2006 was a crazy market that inflated home price all over the nation. In Ocala homes are selling at the same price they were in 2004. Homes are selling on the average of 5- 6 months now verse homes in 2004 were selling in about 3 months. In this market because of the improper way the lender were lending money and then the new media telling people to walk away from the homes, we have more repo and short sales available compared to 2004.
The media has made home buyer afraid to even try to get a loan. On the new you hear how the banks are going under and that nobody is lending money. That is far from the truth. The past two months there has been first time home buyer programs giving buyer money for down payments and closing cost. Starting October 1, there will be some changes and you will have to come up with the 3% down to buy a home, but you can always get a gift from a family member. There are so many option for first time home buyers and any one really wanting to buy a home.
A home is the best investment the average person can own. On the average, your home should increase in value 6% a year. I do not know any where I can put $100,000 (if I had it) and make 6%. Where can you borrow money and take tax advantages and still make the 6%. OWN A HOME! For a great lender to help you get per qualified contact Elaine www.Homeloan.chase.com/elaine.m.henwood
Ocala market is still alive. Call Rhonda for more information or visit www.BucknerHomes.com
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