Author Archives: Valerie Peterson

Advantages Of Buying Grey Oaks Florida Condos For Sale

Some people prefer living in an apartment when moving to Florida, but if you’re looking for something a bit more permanent and personalized, you should check out Grey Oaks Florida condos for sale! Not only are condos in the area a lot more affordable than single-family homes, but they offer numerous advantages to the right owner. Of course, investing in any real estate can be costly, so it’s important that you gauge your needs and choose accordingly! Here are some tips from http://www.naplesluxurygolfrealestate.com/grey-oaks/.

Advantages Of Grey Oaks Condo Living

*Condos are affordable to purchase, especially for young adults or people looking to retire on a budget. It’s also important to consider that condos are a good investment because prices are only going to go up in just a few short years. Not only is condo living affordable, but it’s a smart investment guaranteed to get you a good return.

*Home ownership isn’t always everything people make it out to be. Often what people forget to mention is that owning a home is costly and the price of maintenance is only going to go up the more wear and tear it’s subjected to. Condos are bite-sized homes that don’t require lot of upkeep, and should anything need fixing; you can easily do it all on a budget.

*Keeping a condo organized and clutter-free isn’t as hard as reining in your clutter when you own a single-family home. Retired couples looking to travel and relax enjoy minimalist living, which is why a condo is a perfect fit. Since space is limited, you’re not forced to cull your collections, but you also become realistic about how much stuff to keep.

*Condo living ensures a safe community environment. You can get to know your neighbors on a more personal level and entertain friends and family. Many people enjoy those condo communities are tight-knit, and people look out for each other. With that being said, if you choose the right unit, you still get plenty of personal space and privacy.

*All of the outdoors maintenance and landscaping is taken care of by your monthly HOA fees. Of course, it’s important to consider these fees when investing in a condo of any size, but it also means that you don’t have to worry about the upkeep of a yard or your front lawn.

*Many condo communities come with amenities such as swimming pools, gyms or tennis courts. When shopping around for the right Grey Oaks Florida condos for sale, it’s important to consider what amenities, if any, you would like to have. Bear in mind that location and amenities are the most significant sellers when it comes to condos, which is why the right choice is a solid investment.

Real estate can be hard to find in any location when you have a lot of criteria that need to be met. What people have the most trouble with is finding a home that’s not only within their means but offers everything they want as well. Fortunately, the Internet can help with the search!

When Will Homes Start Selling Quickly Again?

During the heated market of the last several years homes sold very quickly. Today in May 2008, my area has at least a 10-11 month inventory of homes. Almost every day for the last 7 months about 3 times more homes have been listed for sale than closed (sold). Today was no different. Far more homes came on the market than closed or went pending.

It makes me wonder – WHY are so many people trying to sell their homes at the same time? Don’t they know the news? Don’t they know anything about or have even rudimentary knowledge about SUPPLY and DEMAND.

However, the daily statistic that I believe holds the key to why this market is slow is the Back on the Market list. On most days the number of homes that were returned to the market from the Pending or Under Contract category outnumbered the ones closed (sold). Why are so many deals falling through? Could it be because FINANCING has become so hard to get?

YES. The banks that were over exposed to the subprime risk or perceive they have too much risk, have stopped making loans. Their offices are open. Their loan agents are at their desks. Their processors and underwriters are on duty. BUT, somehow, no matter how much documentation, paperwork, proofs, tax returns, W-2’s, 1099’s, statements, verifications of deposit, etc. are provided, there is always one more thing they need. Of course the contract expires before the loan is approved.

By not lending very much money, even to excellent credit risks, the banks are building up reserves to balance out projected losses and writeoffs. But, how can they earn income without lending? A bank’s income comes from the difference between money in and money out. They borrow from depositors at a low rate of interest and lend to borrowers at a higher rate of interest. When they need some extra they borrow from the Federal Reserve (which creates money out of thin air by accounting entries, but that’s another whole story). By not lending they will grow reserves at the expense of income.

There are plenty of buyers in the market. There are plenty of underpriced and fairly priced homes. There just aren’t enough serious lenders at the moment. Homes will start selling again as soon as financing is readily available for buyers who have down payment money and good to excellent credit.

This a a good time for “Private Lenders” to enter the single-family home financing market.

Mortgage Rates Drop and Builders Offer Incentives

Are the media freezing you into inactivity with their negative housing market stories? Contrary to media articles, it is a great time to buy.

Today’s housing market has numerous choices in all price ranges. Inventory is high and Interest rates are low: about 6.25 percent -6.33 percent for 30-year fixed rate and 5.90 percent – 5.99 percent for 15 year fixed rate loans.

Some new home builders are offering great incentives. In fact, I know a leading builder who can put qualified buyers in a brand new home in Gainesville for a zero down payment. This builder will also pay all the closing costs!

With mortgage rates close to all time lows and you needing little cash to buy, it is the perfect time to buy your Brand New Dream Home in Gainesville!

Contact Me Now for more information about this exciting offer. 352-373-3783.