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Activity is picking up in the Jacksonville, FL market. However, there is so much to choose from on the market that purchasers are having trouble deciding which home to buy. Understandably, they want to be sure that are securing the best opportunity. Now is the time to consider Springfield Historic District!

Eighteen homes have sold or are in pending sales in the last four months priced from $100,000.00 - $385,000.00. These are only the ones that are listed on MLS. Many other homes have been sold that are not listed on the MLS. If you want to purchase a home for half price there are several available that are listed in the $50's and $60's that were bringing $120000.00 before the mortgage melt down. As you all know, what goes down must come up. Now is the time to purchase before prices begin to rise again. There are new and existing homes to choose from. There are also commercial properties and multiple unit rental investment properties to choose from. What about financing?

There are FHA and Conventional renovation loans available if you are a owner-occupant. Contact Lewis Sport at Wells Fargo (904-779-4238) and he can get you pre-approved for a mortgage. Then contact Brenda Gravitt at bkgravitt@comcast.net to find your home. You can select a pre-approved contractor to renovate your historic home and the appraised value will be determined by the homes value after improvements. In Jacksonville there are also opportunities for down payment and closing cost assistance for first time home buyers. Contact Penda Tyson at Wachovia at 904-704-9856 to get pre-approved.

If your interested in increasing your wealth, now is the time to act! Real estate prices are normally on a seven year roll of ups and downs. The market has now been down for approximately three years and has no where to go but back up. The price corrections have been made by the sellers. Banks and mortgage companies are ready to liquidate the inventory off their books. This will allow the new homeowners to profit in the future by increasing values. A national average of increasing home values is usually around 6%-7% depending on your location over a seven year period. This is true even when no improvements are being made. Improvements increase the profit potential.

Contact Brenda Gravitt for more information at 904-573-9638 or 904-238-9314 or bkgravitt@comcast.net.