Its time to buy.  The inventory is up, rates are down, prices seem to be stuck at the bottum and investor's are on the move.  Large investment groups and hedge funds are buying up bundles of Florida homes.  They are planning to make huge returns as the Florida real estate market rebounds.  If you've been on the fence it may be time to get off.  Grab a good deal while you still can.  The market is changing again.

The local market has picked up dramatically.  Homes priced below 125k are  making up 75% of all sales in the county.  several things are driving this.  Low interest  rates, plentiful selection, low or no down payment loans, home buyer tax credit and prices we have not seen in years.  The other promising sign is the commercial real estate market is beginning to show signs of life.  Vacant land is still quite but that will likely change as existing home inventory declines.  Till next time, Happy house hunting!

Across the market I'm seeing more activity.  I don't want to jinx us but, it feels like values have stabilized.  The foreclosures are selling quickly in most cases but short sales are being dragged out by the lenders and in a lot of cases the buyers are walking away from the deals frustrated.  Rates are very low and there are banks lending. I've begun to see some interest in commercial and multi-family again and the rental market seems strong and should remain so for some time.  happy hunting!

Wow, 2008 is almost over.  It will certainly be remembered as a tough year for many.  Its brought us to an interesting point in time and in the real estate market.  I've spent most of this year selling "distressed property".  That means it was a "short sale", a foreclosure, or a pre-foreclosure.  These properties sell/sold for prices that haven't been seen in years.  Buyers and seller endure a long process in order to close but the result is often a win-win for everyone involved.  Buyers especially benefit.  For the first time in along time people are able to buy a home for as much or less than they're renting for.  This is a result of several things.  As I mentioned, great deals, low interest rates, and down payment assistance programs which allow those who qualify to get money towards the purchase of a home.  This is allowing many working people to enjoy the American dream.  So, despite all the doom and gloom some good as come out of all this turmoil.  Lets make 2009 an amazing year.

Well, despite the doom and gloom real estate is selling.  The markets sharp turn downward has made it possible for everyday working folks to once again afford a home.  I'm seeing a large number of first time home buyers taking advantage of aggressive government loan programs that require little or nothing down and others that provide money for down payments (as much as $25,000). Also, buyers are getting amazing deals on foreclosures, short sales and preforeclosure homes.  The opportunity for investment are here.  The current crisis will pass and home prices will normalize and when they do those who bought today will be happy they did. 

If the last 2 months are any indication the market is improving and homes are selling.  The dramatic reductions in value across the board combined with low rates and a revived interest in goverment backed loan programs maybe partly responcible for the activity we are seeing.  The buzz about foreclosures, short sales and the like is also fueling interest and action in the market.  Now is a great time to be a buyer!!!

$325,000.00 227 ELLA Inverness, FL 34450 Beds: 0 Rooms: 0 Baths: 0 Sq. Ft.: 0 Garage: 0 Built: 0   This is a new listing that I thought you might be interested in. Visit this listing online to see more photos of the property, Google Earth satellite images, and much more.   If you have any questions about this property or require more information, please feel free to call. Jeremy Lasseigne Coldwell Banker Investors Realty 3527269533 www.citrushousehunt.com     Visit this listing at Here

Buyers Market!!!

Its been quite sometime since we've seen what could be truly defined as a buyers market.  To give you an idea of whats working for all you buyers out there.  There are about 4 times the number of homes available now than there were at the height of the sellers market.  This means you'll have a lot to choose from.  Prices on single family homes have fallen over 35% on average in our area.  Sellers are offering all sorts of incentives to buyers such as, warranties, closing costs, rate buy downs, etc..... The banks are also stepping up to get the market moving.  Rates are dropping and despite the national media hype there are plenty of lenders vying for home loan business.  Whether your thinking of making a move up, buying a second home, or looking to invest (remember buy low, sell high). Now is the time to do it.  Take advantage of a golden opportunity.  Florida wont stay cheap, we've got to much going for us.  Till next time, happy hunting!

Well, despite all the doom and gloom about the state of the real estate market the commercial market seems to going strong in fact, it seems stronger.  The buyers also seem to be end users or developers as apposed to flippers.  There have been several sizable acquisitions in the last few months and I'm aware of several big deals in the works.  Big business is investing in Citrus County and you should consider adding commercial property to your portfolio.