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| <!-- Title : zipcode-City ( Neighbourhood ) -->34474-Ocala (College Heights Park) |
<!--IsMls--><!--Status-->FOR SALE <!--Price-->$75,000 <!--PriceHighlight-->Best buy in Ocala! |
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<!--Brokerage Name-->Realty Executives Ocala |
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| <!--Agent Name-->Michael Veri Email Michael <!--Contact Info in the format [Type of contact]:[number] repeating for each--> Work: 352-502-4661 Toll-Free: 877-849-5816 Fax: 352-547-1880 |
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| <!--First 10 details in the format [DetailType]:[Detail] next detail-->Address: 2709 SW 16 Street Type: Residential Style: Single Story Suite: No Living Area: Year Built: 0 More Details |
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| <!--First 500 words of description-->Super Cute 3 bedroom 2 bath home in Ocala's most convenient location on a quiet cul-de-sac street! Walk to shopping restaurants, CFCC, Paddock Mall & much more. The large fenced yard features 2 citrus trees & 2 large sheds, one of which is apprx 30 x 15! inside, the open floor plan is comfortable with a large family room that opens to eat-in kitchen. Priced for a quick sale at $75,000. Call our toll-free 24 hr information line at 1.800.355.6201 ext 248 for more details or visit on the web at www.BuyOcalaHomes.com More Description |
| Brokered and Advertised by Realty Executives Ocala LID 2186446 |
| Information is deemed to be correct but not guaranteed. |
I did just reviewed the January & February numbers from the Florida Association of Realtors & our prices were down year to year 16% in both January & February from 2007. Closed sales were down 51% for January & 43% for Feb from 2007. On the bright side, active listings are down to under 7,500 from the peak of apprx 8,000 at the end of December 2007, and interest rates are still relatively low!
The forecast is looking great if you are a motivated buyer to take advantage of a combination of lower prices and lower interest rates...It is a great time to buy!
Michael Veri
Realty Executives Ocala
352.502.4661
Here are the new guidelines from 2 of the top mortgage insurance companies.
Distressed markets (FLorida)
Two of the largest U.S. mortgage insurers announced they would be requiring larger downpayments in Florida:
PMI Group Inc. (starts March 1)
· At least 10 percent down in distressed markets.
· A minimum 620 credit score is required.
· No negative-amortizing loans or option-payment mortgages.
· At least 5 percent down in distressed areas except a mandatory 10 percent down on condos.
· A minimum 620 credit score is required.
· No cash-out refinances.
· No reduced documentation.
· No investment property loans.
· No negative-amortizing loans or option-payment mortgages.
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