Historically Low Interest Rates and The Ocala Real Estate Market

The drop in the interest rates should truly cause a motivator in our market place.  The prices in the Ocala, FL real estate market have been droppingcontinuously for the last eighteen months thus creating a great time to invest in a home, whether it is a resale or a new home.  The sellers are offering great deals to the buyers and those who are actively making offers are truly pleased with what is the outcome.  The title companies, banks and mortgage brokershave truly seen in upswing in activity in just the last week.

Appraisers are reporting that the current sale prices are reflecting the prices of the late 2004 home prices which bring us back to where they were priorto the fast climbing market of 2005.  We have a strong supply of inventory which should  make it easy to find a property to meet all buyers needs aroundthe Ocala area, including retirement communities and The Villages.

I strongly encourage today’s Buyers and Sellers to review the credentials of your Real Estate professional and mortgage counselor.  Experience will be worth its weight in gold as to the kind of transaction the Buyer and Seller will be involved in and the outcome.  Many inexperienced licensees stepped into the marketplace during the fast paced market and are unable to provide the knowledge and expertise to the consumer.

It has been proven in our economic society to buy on the low, hold for a while and then evaluate your investment. Now is the time many Buyers and Sellers have been waiting for.

 

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