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Ocala real estate a once in a life time opportunity

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Right now is the opportunity of a lifetime to buy an Ocala home. Here are 12 reasons to invest in Ocala real estate right now.

1. Interest rates are at historical low with no where to go but up.
2. Many Ocala area home sellers will pay part or all of a buyers closing costs.
3. Fannie Mae Homepath Financing doesn’t require an appraisal and also offers renovation loans for their Ocala and Marion County foreclosed properties.
4. USDA offers 100% financing with no Private Mortgage Insurance (PMI) on many Marion County homes. Mostly homes that are not in the Ocala city limits.
5. FHA loans allow the seller to pay many of the buyers closing costs.
6. Conventional loans rates are at all time lows. Local banks want to loan money to buyers with good credit. Don’t let anyone tell you different.
7. Foreclosures are selling at a 50% discount from 2005-08 highs.
8. Most Ocala foreclosures are in good condition and easily pass a professional home inspection.
9. Many “traditional sellers” have dropped their prices to better compete with distress sales.
10. In the 55+ communities there are always great deals on estate sales.
11. Estate sales also exist outside the 55+ communities and are a hidden secret often over shadowed by Ocala area foreclosures and short sales.
12. Principle, interest, taxes and insurance are often not much more than renting.

If you are a first time buyer, a renter, a retiree or investor now is the time to buy.

Ocala 55 plus retirement communities map

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Confused by all the 55+ retirement communities in the Ocala Marion County area? Well I’ve created a Google Map that shows the location of all the significant Ocala 55+ retirement communities. In case you’re not familiar with Google Maps you can zoom in and out, you can move the map around with your mouse and there is an aerial view feature. Click on the blue bubble like place mark to identify the community. In addition to the map below you can go Ocala 55+ Communities Map and save it to your favorites. I also have Ocala  55+ community profiles on my blog site. If you’re interested in seeing listings for 55+ communities check out my Listing Cart service which is a custom MLS search.

Buy now and retire later?

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People are buying 55+ community homes in Ocala now to retire in to in the future. Much to my surprise I’ve been contacted several times now in 2009 by buyers looking to buy a retirement home even though they’re not ready to retire just yet. Think about it, we are in the middle of the most extreme buyers market in anyone’s lifetime. Interest rates are at historical lows with no where to go but up. This is the buying opportunity of a life time. Can you can afford to buy your retirement home now and hold onto your primary home for several years until the market starts back up? This is a scenario of buy low and sell high if there ever was one.