Crystal McCall ABR,CRS,CRB,GRI,SRES,CIPS

Traditionally, we have been told that it was best to place your current home on the market, take the equity from the property and reinvest it in the next home you plan on buying. As we know, the current market in Ocala and The Villages, Fl is leaving many sellers with little or no equity or even negative value.

One fact that has become very evident, the purchase prices of today are becoming incredible. We are seeing great buys and it has become an outstanding market to buy real estate in. There are many folks looking for great homes to rent and this might be the time to turn your home into an investment property if it does not afford you enough equity in the current market.

Of course, you must have great credit to get a loan and this is a factor that must first be considered. Just today, my loan officers have contacted me to let us know that interest rates have dropped down to the 5% range. It has been a while since we have seen this and we do not think that it will last very long.

Renting your current home may be a good option in a buyers market until the market switches. This is the current trend for many people who want to buy with these great prices but they are not able to sell for a great profit. Renting your current property will hopefully take care of your debt service owed and cover most of your expenses leaving this as a lateral move and still enable you to take advantage of what is going on in our current market.


If you would like further information or need a great mortgage lender contact, please let us know.

Crystal@CrystalMcCall.com

You are faced with decisions in choosing location and properties and now you must think about who to call when you want to buy a home in The Villages, FL. The Villages is a "retirement community" which is also called the Disneyland for adults located in Central FL, just south of Ocala and 75 miles north of Orlando. Golf is just one of the many activities that are available for mature adults looking for a fun lifestyle. Hundreds of homes are for sale with good prices but it is the "great deal" that you are looking for which can seal your emotional purchase.

The Villages is a development which has numerous sales people who work for the developer. Their first objective is to sell you a new property versus a resale or as they term quality pre-owned homes. The developer has built all of the homes and they are good construction. Some homes that are pre-owned have been customized. The most important thing that all Buyers should know: The Villages adds their own infrastructure bond to a new purchase which can be over $ 30,000.00 added to your expenses. Of course they let you pay this off over a time period for a competitive rate of interest, but in reality, you have added a mortgage to your property as this is a debt that you the owner incur.

As a Realtor, I do not work for the Villages but for the buyer looking for a great deal. I have found these bonds are very negotiable to a motivated seller. Some property owners have paid off their bond as they understand this is a tax and new owners of resale properties are not willing to pay the prior owners left over tax on the property.

A Realtor who is offering the buyer Buyers Representation should take the active role and negotiate the transaction for the buyers to make the deal work in your favor - not the developers favor.
Understanding the power of negotiating makes a big difference in what a new homeowner will pay whether buying a new home or a preowned home in The Villages. This can save you many thousands of dollars for a beautiful golf course home in this fun community of golf cart transportation, a lifestyle for mature adults.

Bottom line, you the buyer make the decision. Do you want the Villages Salesperson representing the owner or the Realtor with 29 years of experience who has sold over 2500 properties and represents you the buyer! It's your call.

Give Crystal McCall and the Sold Team a call today at 1-800-391-8354 x 0

Today's real estate market is abundant with terms of shorts sales and foreclosures and the best time to buy a property for a "good deal" is when it is an official Bank Owned property. This means it is completely through the foreclosure property, all appraisals have been completed, the bank has a completed file on the property and it wants to get this property off their books as soon as possible.

In the month of June, 2008, there were over 20,000 foreclosures filed in the state of Florida. These are homes both over the $ 500,000 price point with the best inventory in newer homes from $ 150,000 to $ 250,000. Many of these homes are brand new and never lived in and they are in great repair. Yes, there are those homes that have been stripped and abused and some of these are great buys but the new owner has to be willing to accept them in "as is" condition and willing to repair and improve at these discounted prices.

Summerfield, Fl which includes retirement communities of Stonecrest and Del Webb Spruce Creek Golf and Country Club and The Villages have been included in this overwhelming market of Foreclosures and Bank Owned(Real Estate Owned)properties. These are homes in golf course and retirement communities.

The difference in these properties and the "Short Sales" that the media describes is that the Foreclosed properties are ready to be sold. There is not a waiting period of submitting an offer and then waiting, sometimes 60-90 days for a counter offer which many times is greater than the asking price. Buyers are finding that these short sales are causing disappointment at the end of negotiation as the bank is truly not ready to discount the price at the time.

Looking for great deals in real estate in the North Central Fl market including Ocala, Summerfield and The Villages, Fl contact us at 352 547 1077 or email us at Crystal@CrystalMcCall.com.