Ocala Real Estate and Community News

CLIMBING HOME PRICES?

shultz — Thu, 25 Feb 2010 19:06:05 +0000

According to Forbes magazine home price are not down everywhere. Actually some cities have made a very impressive turn around from the bottom. Altos Research examined data in about 8000 cities (who have at least 100 homes listed for sale). Altos posted 10 cities as having the biggest price jump from a year ago. Read the full story here

Three of the cities mentioned are in California. From past history, California always seems to be a trendsetter, especially when it comes to Real Estate. Personally, I take this as a very positive sign.

Art & Brigitte Shultz
The Shultz Team
Re/Max Premier Realty
Ocala, Florida
Toll Free: 800-243-4087
Direct: 352-291-1276
TheShultzTeam@cox.net
www.TheShultzTeam.com

What documents do you need to claim your Tax Credit?

shultz — Mon, 22 Feb 2010 18:01:42 +0000

The Internal Revenue has clarified what documentation is needed to apply for your Tax Credit. Read the full story here:

Art & Brigitte Shultz
The Shultz Team
#1 Team at Re/Max Premier Realty
Ocala, Florida
Toll Free: 800-243-4087
Direct: 352-291-1276
TheShultzTeam@cox.net
www.TheShultzTeam.com

Good News for Investors

shultz — Mon, 01 Feb 2010 22:13:32 +0000

FHA is changing the anti-flipping rule which is great news for Investors and home buyers who want to take advantage of the tax credit.

Read the full story here:
Art & Brigitte Shultz
The Shultz Team
#1 Team at Re/Max Premier Realty
Ocala, Florida
Toll Free: 800-243-4087
Direct: 352-291-1276
TheShultzTeam@cox.net
www.TheShultzTeam.com
* FREE OCALA MOVING TRUCK WHEN YOU BUY OR SELL THROUGH THE SHULTZ TEAM! *

Fannie Mae to offer help with closing costs on Foreclosures

shultz — Fri, 29 Jan 2010 18:33:43 +0000

Fannie Mae announced the end of last week that it will offer to pay for closing cost up to 3.5% of purchase price or appliances of the same value on purchases of foreclosed homes in its inventory. Read the full story here:

Art & Brigitte Shultz
The Shultz Team
#1 Team at Re/Max Premier Realty
Ocala, Florida
Toll Free: 800-243-4087
Direct: 352-291-1276
TheShultzTeam@cox.net
www.TheShultzTeam.com
* FREE OCALA MOVING TRUCK WHEN YOU BUY OR SELL THROUGH THE SHULTZ TEAM! *

How to file for Tax Credits

shultz — Mon, 25 Jan 2010 20:52:00 +0000

The Internal Revenue Service has released instructions and new forms on how to file for the $8,000 first time home buyer tax credit and the $6500 extended tax credit. FULL INSTRUCTIONS

New Tax Deductions and Credits for 2009

shultz — Thu, 21 Jan 2010 14:16:47 +0000

Are you sure you are getting all possible allowed tax deductions and tax credits for 2009? When you sit down to file your 2009 tax returns there are a lot of changes passed by congress in 2009 to be aware of. Click here for the full story:

Art & Brigitte Shultz
The Shultz Team
#1 Team at Re/Max Premier Realty
Ocala, Florida
Toll Free: 800-243-4087
Direct: 352-291-1276
TheShultzTeam@cox.net
wwwTheShultzTeam.com
* FREE OCALA MOVING TRUCK WHEN YOU BUY OR SELL THROUGH THE SHULTZ TEAM!

Ocala/Marion County Market Update December 2009

shultz — Wed, 20 Jan 2010 21:05:07 +0000

According to OMCAR (Ocala Marion County Board of Realtors) from the end of December of 2008 to December 31, 2009 the average sales price for residential homes fell from $138,445 to $113,018 for a decrease of 18%. The average list price fell from $150,936 to 121,522 or a decline of 19% for the same 12 months period. The average price per square foot of living area for residential homes fell from $81 a year ago to $68 by the end of November, 2009, for a decrease of 16%. The median sales price fell from $119,000 to 95,000 for the same 1 year period for a decline of 20%.

Our MLS has 5585 active residential listings as of the January 20, 2010, which shows that inventory is still holding steady. 290 residential homes sold through the Ocala Marion County MLS in December 09, this is an increase of 36% from a year ago. The absorption rate (how many months it would take to sell the inventory at present market levels) fell from 25.1 months a year ago to 14.6 months in December of 2009.

The Ocala/Marion County Real Estate Market will continue to absorb the many foreclosures and short sales. Sales volumes are up, but prices are approximately 18% down from a year ago. With interest rates still at an all time low and we expect to see inventory continue to move at these low levels.

Want to get in on the great opportunities this buyer’s market has to offer? Check out our article on Tips For Buying Distressed Properties for great comprehensive information on what to look for when buying a foreclosed or short sale home.

Are you facing foreclosure and need to sell your home for a short sale (selling the property for less than what the current mortgage amount is)? The Shultz Team are experienced Short Sale Specialists and are more than happy to assist you in selling your property under stressful circumstances. With an aggressive marketing plan, great communication and fully staffed office, we are ready to help save your home and credit from foreclosure. Feel free to contact Art & Brigitte Shultz to discuss your situation and start a plan to save your credit TODAY – the clock is ticking and sooner we are able to assist you, the more likely we are to have a successful closing.

For more detailed statistics or a free market analysis, please call or e-mail us.
Info@TheShultzTeam.com or call us direct at 352-291-1276

Art & Brigitte Shultz
The Shultz Team
#1 Team at Re/Max Premier Realty
Ocala, FL
Toll Free: 800-243-4087
Direct: 352-291-1276
Info@OcalaVisualTours.com
www.OcalaVisualTours.com
* FREE OCALA MOVING TRUCK WHEN YOU BUY OR SELL THROUGH THE SHULTZ TEAM! *

Ocala/Marion County Market Update October 2009

How are Pending Home Sales comparing to a year ago?

shultz — Wed, 20 Jan 2010 20:27:01 +0000

If you have wondered how the extension of the Home Buyer Tax Credit is affecting pending home sales read this report.

Buyers don’t miss the Expanded Tax Credit Opportunity!!

shultz — Mon, 11 Jan 2010 19:02:16 +0000

Buyers have less than 4 months to take advantage of the new and expanded Federal Tax Credit. The deadline to have a home under contract is April 30, 2010, the closing date cannot be any later than June 30th, 2010.

I also want to point out that there is no requirement to sell your current residence now – or ever. Only properties priced up to $800,000 qualify for the tax credit.

Ocala/Marion County Market Update November 2009

shultz — Tue, 29 Dec 2009 20:55:15 +0000

According to OMCAR (Ocala Marion County Board of Realtors) from the end of November of 2008 to November 30, 2010 the average sales price for residential homes fell from $122,690 to $106,149 for a decrease of13%. The average list price fell from $132,100 to 112,947 or a decline of 14% for the same 12 months period. The average price per square foot of living area for residential homes fell from $81 a year ago to $66 by the end of November, 2009, for a decrease of 19%. The median sales price fell from $118,500 to 84,500 for the same 1 year period for a decline of 29%.

Our MLS has 5674 active residential listings as of the December 29th, 2009, which shows that inventory is still holding steady. 243 residential homes sold through the Ocala Marion County MLS in November 09, this is an increase of 36% from a year ago. The absorption rate (how many months it would take to sell the inventory at present market levels) fell from 32 months a year ago to 18.5 months in November of 2009.

The Ocala/Marion County Real Estate Market will continue to absorb the many foreclosures and short sales. Sales volumes are up, but prices the approval of the extended and new tax credit are approximately 13% down from a year ago. With interest rates still at an all time low and we expect to see inventory continue to move at these low levels.

For more detailed statistics or a free market analysis, please call or e-mail us.
Info@TheShultzTeam.com or call us direct at 352-291-1276