Buying a house in Ocala in 2021
It’s getting harder and harder to buy a house in Ocala. I’ve been thinking about this for a couple of months now and the following are random thoughts.
Unless you live in Ocala or within reasonable driving distance you’re screwed. No one will hold a house while you jump on a plane and come down here. You can’t even trust that a home that looks active doesn’t already have an offer.
I don’t see the market changing anytime soon. This is pure supply and demand. There is also a catch 22 thing where people are afraid to sell even at high prices because they don’t know where to go next.
If you are out of state and absolutely want to move there are a couple of things you can do.
- You could make an offer on a house sight unseen. Yes people actually do that but it’s highly dependent on your personality.
- You could sell your existing home. Store you furniture or sell everything but very important and personal items. You could then try and find some sort of rental which is very difficult or stay on a hotel for a month or two. I have heard there are rentals in The Villages in the summer off season. Some people have relatives to stay with or a few lucky ones might have an RV.
I did an informal survey of the community I live in, Stone Creek. A few homes are selling below list price but most are selling at or above list price. There were a lot of cash sales but sellers are still taking offers where the buyer is getting financing. I can’t tell if sellers are taking a contingency on the sale of an existing home or not.