HOT Demand for Real Estate!

Good Morning! 

COVID-19 has affected the economy in a lot of ways, but not real estate. We’re still seeing a shortage of inventory and multiple offer situations! Not to mention interest rates right now are in the low 3’s. I’ve even seen them as low as 2.8% 

Check out this article posted by FloridaRealtors! In May home prices were up 3.7%

https://www.floridarealtors.org/news-media/news-articles/2020/07/sp-corelogic-case-shiller-home-prices-rose-37-may

In June we saw a record high with existing home sales increasing by 20.7%

https://www.floridarealtors.org/news-media/news-articles/2020/07/nar-june-existing-home-sales-climb-record-207

NOW is a great time to buy and sell real estate! Call me for all of your real estate needs! (352) 577-9171

 

 

Be Careful About Forbearance On Your Mortgage

Rountree Realty Blog – Forbearance

During this pandemic, many people are stressed about finances and trying to find any way possible to make ends meet. Some homeowners are applying for mortgage forbearance through their banks while finding their way through this difficult time. The problem is, there is a lot of confusion and scrambling going on between banks or credit unions. Some people are saying lump-sum repayment is the only option, while others are saying that there will be a repayment plan that would run concurrently with your normal payments, or the possibility of a loan modification that would track the missed payments onto the end of your mortgage. This has created a communication lapse. If you apply for a forbearance, you need to know the terms. Every institution may be different, so make sure you fully understand what you are getting yourself into. Be careful and advocate for yourself. Check out this full article that Florida Realtors posted. As always call me if I can help in anyway! 

https://www.floridarealtors.org/news-media/news-articles/2020/05/loan-forbearance-advice-assume-nothing-check-everything

 

10 Year Market Trend

Good Day All, 

I keep saying this, but incase you all forgot HOUSING INVENTORY IS LOW! Here is a chart that shows you the decline of listings for sale in Marion County, over the past 10 years. If you have thought about selling now is the time! I have a portfolio of buyers waiting to find their perfect home! 

Please call me for all of your real estate needs! (352) 577-9171

Mortgages Hit Lowest Point in 3 Years!

 

Happy Friday Everyone! 

Check out this latest article from FloridaRealtors! 30 year mortgages hits lowest point in the past 3 years! Just another reason why now is the perfect time to get preapproved for financing, and begin your home search! Here is contact information for a great local lender! John Celebre has a years of experience and is ready to help you with all of your financing needs!

https://www.floridarealtors.org/news-media/news-articles/2020/02/rate-drop-30-year-mortgages-hit-lowest-point-3-years

Call me today if you have any questions (352) 577-9171

John Celebre
Senior Loan Officer | Union Home Mortgage
NMLS 659576 | FL LO40458
(352) 289-1164
(352) 804-4310
jcelebre@unionhomemortgage.com
www.facebook.com/unionhomemortgagecorp/

www.unionhomemortgage.com/jcelebre
2609 SW 33 Street Unit 101, Suite #5 | Ocala, FL 34471

 

What a Realtor does for you!

Have you ever thought what all does a Realtor do? Watch this short video to find out just a few things that we do to help buyers and sellers! 

https://www.floridarealtors.org/news-media/video-library/sharing/heres-look-what-realtor-can-do-you

Looking to buy or sell real estate? Give me a call! I would love to help. (352) 577-9171

2 Year Low Housing Inventory

Good Day All, 

Are you thinking about selling your home or a parcel of real estate? Inventory is at a 2 year low, and now is a great time to sell! Check out this article posted by FloridaRealtors! 

https://www.floridarealtors.org/news-media/news-articles/2020/01/realtorcom-sale-inventory-lowest-two-years

Please contact me! I would love to help you with all of your real estate needs!

(352) 577-9171 or info@homesforsaleocalamarion.com 

Tips for Avoiding Wire Fraud

Are you planning to make a large purchase in 2020! Maybe a new house,  car or a purchase out of state?  If so, the company handling the sale will probably want you to wire funds for the purchase. Check out this short video for tips to avoid wire fraud! This is a real problem and we’re seeing more and more with handling real estate transaction.

https://www.nar.realtor/window-to-the-law/how-to-avoid-wire-fraud-in-transactions

As always if you have any questions please contact me! I’m here to help you with all of your real estate needs! (352) 577-9171 or info@search352homes.com