Lake Mary & Orlando's Place for Real Estate Advice, Tips & Fun Facts

Pst... I cant help you use your $8000 tax credit as your Down Payment

Thu, 02 Jul 2009 07:42:27 -0500

I know lenders and other Realtors are telling you it's not true you cant do it, they are WRONG. I wrote a blog the other day for First Time Home Buyers wanting to use their $8000 Tax Credit as their Down Payment. It's true it can be used as your minimum 3.5% down payment however very few people will have the opportunity to do so.

I have worked with Government agencies in Seminole & Orange County helping first time home buyers for years get assistance and this time it's no different. The State has granted local agencies throughout Florida a certain amount of funds for First time home buyers to use as their down payment. That means not everyone will be able to do so. These agencies will take applications only allowing 75 people to apply and with only about 50-60 of those people being able to get funds.

Want to be one of those people? The key is having your team in place that knows the ins and outs of these programs and who to get your file to. That's the easy part I already have the team, all you need to do is hire us. Applications come out July xx, 2009, then August XX, 2009 you will have the opportunity to make application, I have the date which I will release to my clients, cant give all my hard earned secrets away. I know the tips on how to make your application stand out and get you approved. Out of the 40 families helped by Seminole County SHIP funds, 5 of those people were my clients.

If you are a first time home buyer looking for down payment assistance in Seminole County you have come to the right place, contact me today to get started, you only have the next few weeks to get ready, dont miss out on this great opportunity to purchase a home with no money out of pocket!

Call or text me at 407-810-6304, follow me on twitter at LakeMaryRealtor or send me an Email at Heather@HeathertheRealtor.com

What's a wind inspection and why should I get one?

Wed, 01 Jul 2009 18:03:00 -0500

I have often asked this questions myself. During one of my last home inspection that I accompanied my buyer on the home inspector gave me the run down on what a wind inspection entails and how it can save you some money on your home owners insurance policy.

The reason you get a discount is because back in 2002 Florida came out with a ruling that stated insurers had to give discounts or credits for properties that reduce damage and loss in hurricanes and windstorms. Make sense to me.

So what does a wind inspection include and how do you get one? It's an inspection of the following 8 items:

1. Roof Covering

2. Roof Deck Attachment

3. Roof to Wall Attachment

4. Roof Geometry

5. Gable End Bracing

6. Wall Construction Type

7. Secondary Water Barrier

8. Door and Window Protection

All you have to do is add a wind inspection or your next home inspection and save upwards of $300+ a year on your home owners insurance.

Looking to buy a home in the Orlando area? Call or Text Heather Joubran at 407-810-6304 or follow me on twitter at LakeMaryRealtor or email me at Heather@HeathertheRealtor.com Your Buyer's Agent Specialist

Orlando First Time Home Buyers use your $8000 Tax Credit as your Down Payment

Tue, 30 Jun 2009 09:58:25 -0500

Ok there have been rumors, I have posted blogs and had to retract those blogs. I have spoken to local and state agencies as well as the Government agency on the national level that is handling the First Time Home Buyer tax credit and have the skinny.

The program is called Florida Home Buyer Opportunity Program. Phew, what a name, but yes if you are a qualifying first time home buyer you will be able to use your $8000 tax credit as your down payment. However the rule is it's up to $8000 or 10% of the homes purchase price. IE: you buy a $75000 home you only get $7,500. The other rule is these funds will have to be repaid once you close on the home so it's a short term loan with no interest from the government.

So here is how it will work. Ex: You qualify for a home loan for $150,000, but dont have funds saved for the 3.5% down payment or $5250. You will utilize county SHIP programs to get a down payment loan of $8000 to satisfy your down payment requirement. 30-45 days later you close on the home and can then amend your tax return or wait until you file your 2009 return. Once you have done that you will have to take the $8000 and repay the local SHIP office.

The bill goes into effect tomorrow July 1. However the state agencies have not yet pushed out the funds to the local agencies with policies and procedures so the ability to use your $8000 tax credit to purchase your first home probably wont happen until August or September sometime.

If you are looking for more information on purchasing a home around the Orlando area as a first time home buyer contact me at 407-810-6304 (text or call) or twitter me at LakeMaryRealtor or email me at Heather@HeatherTheRealtor.com

How to use your $8000 tax credit as your Down Payment as a First Time Home Buyer

Tue, 30 Jun 2009 09:56:04 -0500

If you are looking for more information on purchasing a home around the Lake Mary area as a first time home buyer contact me at 407-810-6304 (text or call) or twitter me at LakeMaryRealtor or email me a Heather@HeatherTheRealtor.com

Executive Custom Built home in Lake Mary,FL Property is in Short Sale status

Sat, 27 Jun 2009 18:37:45 -0500

Looking for the finest home money can buy in Lake Mary, FL? Look no further then this stunning home located in Lake Club. You can be Dwight Howard's next door neighbor.

Impressive in stature and welcoming in feel, this home is sheer elegance with expansive two-story windows over-looking the lake. Designed for entertaining, majestic wet bar and wine room, gourmet kitchen, adjacent pub room with full gentleman's bar, theater room, outdoor living with fireplace and summer kitchen/ grill.

Dramatic, two- story master bedroom with morning vestibule and kitchen with Frenh doors spanning the back wall. Adjacent to the master is a private library with spiral staircase leading to cozy retreat. Sweeping onyx leads to the second story, but no worry the elevator wil work just as well. Sophisticated music room over- looking the living room and grand fireplace. Children's room adjoined by a Jack-n-Jill bath.

Separate quarters ideal for nanny or housekeeper. The creative learning center includes art area, study station and performance stage. Graceful arches lead to the pool and expanisive outdoor living area. A unique firepit, statues and tiered gazebo encases the spectacular spa with an unparalled view.

Featuring new technology, the Smart House System will not only turn the lights on and off, adjust your temperature, videap survellaince, but you can even order dinner to be delivered. The myPad system connects the home to local resources, smart living at it's finest. This home was designed, so that you can enjoy life!

This home is the last street of dreams home available.

Listing Courtesy of Custom Builder Realty, LLC

If you are looking for a truly lavish lifestyle then contact me today to schedule your private tour of this estate. Heather Joubran heather@heathertherealtor.com 407-810-6304

Lake Mary's Certified Luxury Home Marketing Specialist by the Institute for Luxury Home Marketing

Home is priced at $5,499,900

Bedrooms: 5

Bathrooms: 4 full 2 half

Sq Ft: 11,018

Built: 2008

Pool, Spa, Water Features

Lake Rice Frontage

2+ acres

Celebrity Homes around Orlando, FL

Sat, 27 Jun 2009 18:20:13 -0500

Every wonder what Tiger Wood's house looks like or maybe Chris Kirpatrick from NSync? Here's a quick tour of some of Central Florida's celebrity homes. About 5 years ago I did hang out at Chri Kirkpatrick's house I will say he has a great below grade walk out bar area, pool and view of the lake.

Enjoy!

Annika Sorenstam

John Travolta

JJ Redick "Orlando Magic"

Chris Kirkpatrick

Joey Fatone (has a large theme park style pool) Jealous

Grant Hill - Orlando Magic

Rashard Lewis

Ken Griffey Jr

Carrot Top

Dwight Howard - Orlando Magic

Heather Joubran featured in The Wall Street Journal for her First Time Buyer Expertise

Sat, 20 Jun 2009 18:09:16 -0500

A few weeks ago I was approached by a reporter Amy Hoak who had done a google search on First Time Home Buyers and she felt by reading my information that I was knowledgable about the topic. We scheduled a time to speak and she conducted an interview. I am proud to say that I was featured in last Sunday's Wall Street Journal and had the closing statement.

Please read the article below, it's very helpful for those thinking about selling to First Time Home Buyers in the Orlando area.

A federal tax credit of up to $8,000 is nudging many Americans into buying a home for the first time -- good news for those trying to sell one.

Still, selling a home isn't easy in most markets today. To get the typical first-time buyer to bite and submit an offer, a house has to stand apart from the competition -- and there's a lot of it, including foreclosure homes that are selling at hefty discounts.

One big thing working in favor of the traditional seller: A lived-in, maintained home is easier for buyers to imagine themselves living in than a vacant foreclosure. That has great appeal for someone buying a home for the first time, for practical and financial reasons

"First-time buyers are skeptical of buying homes that need improvement. Sellers certainly don't need to remodel the kitchen, but they want to make sure that their home showcases very well," said Eric Mangan, a spokesman for ForSaleByOwner.com.........

While foreclosures that are in severe disrepair can be a huge turnoff for a first-time buyer, some banks will make improvements to their foreclosure stock, fixing them up so that they meet FHA standards and a buyer's needs, said Chuck Whitehead, of Coldwell Banker Associated Brokers in Southern California. These homes can be stiff competition for the rest of the for-sale inventory.

Never fear; there are still ways to outshine other homes on the market. Assuming you've priced the home correctly, here are five ways to lure a first-time buyer:

1. Maintain and stage.

A home that has been taken care of throughout the years will offer a stark contrast to a vacant, empty foreclosure. "If someone is living there, the landscaping is not dead," Mr. Whitehead said. "There is warmth in the home," and that can go a long way in selling a property. "It's all about the emotion, of having the ability to see what they can have."

As with any home, a fresh coat of paint, decluttering and the removal of unpleasant odors can go a long way to making a good first impression. But be careful not to over-improve the home, because the investment might not be worth the cost.

2. Mention that you'll help pay closing costs.

Whether it's in the marketing material or in the listing, this could be an extra motivator to reel in a buyer. Generally, there's a good chance they'll ask for closing cost help anyway, but it might pay off to be proactive and offer it at the beginning, said Heather Joubran, a real-estate agent with Re/Max Central Realty in Lake Mary, Fla.

If rising mortgage rates have your buyer spooked, consider paying mortgage points to bring the rate down, Mr. Mangan said. But consider a buyer's timeline for staying in the home before deciding if this is the most effective way to help; paying points generally makes sense for those staying in a home for more than a few years.

3. Offer a home warranty.

First-time buyers are often coming from a rental, and they are used to calling a landlord when there's a problem. To help them more easily transition into homeownership, provide them a warranty that covers major systems when problems arise, Ms. Joubran said.

4. Offer a buyer mortgage protection.

In some cases, it might make sense to address buyers' fears by purchasing insurance so they can keep up with their mortgage even if after losing a job. Coldwell Banker has such a program through its parent company, Realogy.

Basically, the plan will make several months of mortgage payments in the event that the buyer becomes unemployed. "There are people with secure jobs who are still nervous. This can give them just a little more comfort," Ms. MacKenzie said.

5. Don't snub low offers

Buyers know prices have fallen, so they're being aggressive in their offers -- sometimes extremely aggressive. But even if they come in with a shocking lowball offer, don't scoff at it.

"My rule of thumb is every offer deserves a counteroffer," Ms. Joubran said. "At least counter them back. It gets the conversation going."

You dont need a Realtor

Tue, 16 Jun 2009 18:19:28 -0500

You heard me right, you dont need a Realtor, if your a buyer. Why would a Realtor be saying such a thing. I mean isnt that what the commercials are always telling us how much you need a Realtor. Well it's true you dont need a realtor to pull you listings of houses and to see what's on the market. You dont need a realtor see how much the previous owner paid for the house or how much they owe. You dont need a Realtor to see the interior of the home with today's photos and virtual tours or to drive you around to the neighborhoods and point out the nifty little things. You dont need a Realtor for crime statistics or to find the nearest sex offender to the home you like. Heck you dont even need a Realtor to comp up with a fair market value for the homes you are interested in.

If you are currently working with a Realtor and that is what they are doing you have nothing more then a Tour Guide. In todays techonology drivin world you dont need an agent to perform all these tasks they are right there are your fingertips as a potential buyer. I recently had a client leave his Realtor and start working with me because that is what he Realtor was doing.

However, you do need a Realtor to educate you on the pitfalls and financial rewards of home, to negotiate the contracts, to educate you properly on the current state of the market and where it's heading. How a 10% decrease in price but a 1-2% increase in interest rate can effect you. You need a Realtor to efficiently represent you you in a transaction and ensure that you get the best possible price and terms for the property. There are many reason you do need a Realtor but none of them have to do with the first paragraph.

If you are ready to work with a professional who truly specializes in working with buyers, then call me today. I have a list of references of past and current clients in the Orlando area that can tell you the pros and cons of working with me.

What's the difference between a Short Sale and a Bank Owned Home

Thu, 28 May 2009 11:53:45 -0500

The topic of hot debate, what's the difference between a short sale and bank owned property (REO)?

This is a great question. There are two big differences. A property being sold as a Short Sale is still owned by the current home owner. They are in default on their mortgage and instead of being foreclosed on and ruining their credit more, they ask the bank to accept a sale and take less then what is owed to bank, it's the banks choice to take this or not and some banks are not offering this option anymore. A Bank owned property or REO (Real Estate Owned) is a property that has already been foreclosured on and has been taken back by the bank and being sold by them.

I have put together a pros and cons list of purchasing a bank owned and short sale property in and around the Orlando area.

Short Sale PROs:

From my stand point there are very few pros

1. These homes are often times in move in ready condition (home owner often times still live there)

Short Sale Cons:

1. Average time frame it takes to just get a response to an offer: 3 months but can take well over 6 months

2. The price you see has nothing to do with the price the bank is williing to accept. Hopefully the agent did their home work, but if an appraisal comes back $70,000 higher then the list price, be sure the bank will want that appraised value, they have no incentive at this point in the game to sell the property for less then what it's worth.

3. There are often times more then one loan on the property meaning that the short sale process involves more then 1 bank, double the time and work.

4. Since we are in a declining market the average depreciation right now is 1% a month. So lets say it takes 4 months to get a response to an offer you made back in February. You cant change your offer price and now the property might worth 4% less then what you offered. Not such a good deal anymore.

5. Sellers usually have no money to make repairs to a home and the bank isnt going to either.

Bank Owned Pros:

1. Response time. Banks normally respond to your offers in 24-48 hours.

2. Price is generally below market value, sometimes way below, meaning you truly get an outstanding deal.

3. Most times your appraisal will come back at asking price or sometimes $30,000 higher, meaning instant equity.

4. Even though properties are AS-IS you can still get new roofs put on and major FHA items taken care of before closing.

5. The price on the listing is a price the bank will accept no guessing.

Bank Owned Cons:

1. Some bank owned homes need TLC - New flooring, paint or missing appliances and fixtures that were taken out by angry home owners.

2. Since the prices are great there are often times bidding wars, so be ready. Homes normally have multiple offers on them within the first few days of entering the market.

Im sure each agent will have their own take. I started with short sales back in 2006 when very few of them were being done and things were different but as the market started to slide so did the process and my view point of them, so I got into listing REO properties for the bank and selling them to my buyers. I have the knowledge and experience of working both sides of these transactions and feel I come from a point of experience and not just perception

Heather Joubran at 407-810-6304 or send me a text or write me an email Heather@HeatherTheRealtor.com or if you are bored twitter me the message LAKE MARY REALTOR

Orlando Home Buyer's have patience when purchasing a home

Thu, 28 May 2009 09:56:48 -0500

As a full time buyers agent here in Orlando I have worked with just about all types of buyers, from the first time home buyer to the seasoned veteran. I have assisted clients who are Orlando natives and those that have come as far as Denmark. One thing remains true patience is needed when purchasing a home.

As a professional in my field of Real Estate my job is to educate home buyers and make the process as easy as possible. With the market being flooded with bank owned properties and short sales this becomes especially true. It's a whole different beast then a regular resale.

Here are some common concerns and questions my buyers have had recently that may just help you when it's time to purchase a home.

1. The bank has verbally approved my offer but we haven't received the executed contract back yet, are they trying to get a better offer?

This is very common for most buyers to feel this way. They become upset and frustrated with the bank and the process and it can leave a bad taste. Please know that no deal is final until you have both signatures on the contract, but bear in mind that generally on a bank owned property if the bank says they are taking your offer, they are taking your offer. They aren't holding out for more money, they have a process they must go through to get the contract signed. Once the offer is verbally approved it often times goes from the Asset Manager that the listing agent deals with to an upper level manager who has the authority to sign contracts to get signed. This person may have 100 or 1000 of contracts just like yours from around the US, so it can take sometimes 2 weeks to get the contract back. In the meantime the listing agent has to leave the property active on the market, because without the signed contract they cant put it pending.

2. Why would the bank come back with almost a full price counter to my low ball offer?

Banks price their homes with a value that would sell the home in 30 days or less. Meaning these properties are generally below or at market value. If the home just entered the market the bank has no intention of just giving it away. Now if you want to get a low ball offer accepted wait til the house has been on the market 90 or 120 days and doesn't qualify for anything but cash and you have a good shot of being able to low ball the bank. Otherwise realize that if the home is new on the market it's priced where it needs to be and there are probably other people in line to purchase the home at full price or even over. (most my buyers dont have this scenario, they are fully educated and prepared for today's market and getting their offers accepted.)

3. I am told I have to have things done in 24 hours or quickly, why can the bank and their title company take so long to do their job?

Unfortunately the only actions we can control are those of our own. As a buyer of property you never want the default to fall on your shoulders. You dont want to not have something done because of your actions, it can cost you 100s or 1000s of dollars. The bank on the other hand sometimes has free reign and if it's their fault we are late they cant come back on you as the buyer. So it's better to do what we are suppose to quickly and try to understand that the bank is servicing 1000s of others just like you every day and is doing the best they can, patience is the key here. I promise as your Realtor I will do everything in my power to ensure your deal closes smoothly and on time.

If you are a buyer around the Orlando area and are ready to purchase a home remember a little bit of patience is needed, especially in this market, but a skilled professional in the Real Estate Industry can increase your chances for a stressfree transaction.

Heather Joubran at 407-810-6304 or send me a text or write me an email Heather@HeatherTheRealtor.com or if you are bored twitter me the message LAKE MARY REALTOR

$8000 First Time Home Buyer Tax Credit can be used as Down Payment Assistance

Wed, 27 May 2009 15:36:49 -0500

You heard right, you can now use your First Time Home Buyer tax credit as your down payment on a home .

WHAT? I heard that you couldnt do this. Well now you can.

Beginning July 1, those who quality for the federal $8,000 first-time homebuyers tax credit will be able to apply for downpayment assistance before they close on the purchase of their home, and then repay the amount borrowed when they get their tax refund. The program will operate through local county housing administrators, though details are still being worked out

Great news for Seminole County First Time Home Buyers looking for down payment assistance. SHIP maybe out of money but that doesnt mean you can't get DPA.

If you have been thinking about purchasing your first home but didnt have the down payment now you don't have an excuse. If you are ready to work with a professional who knows the ins and outs of the Orlando home market as well as down payment assistance programs then call me,

Heather Joubran at 407-810-6304 or send me a text or write me an email Heather@HeatherTheRealtor.com or if you are bored twitter me the message LAKE MARY REALTOR

Newer construction Townhome home in Sanford/Lake Mary Area under $900/mo

Tue, 19 May 2009 20:44:06 -0500

Have you dreamed about living in Lake Mary/Sanford Area? Looking for newer construction?

I have a Bank Owned Gem / Reo Property right here in the Sanford/Lake Mary Area. This unit is not yet on the local MLS and here is your chance to get in before the rest of the market. Community is Gated and features a pool and playground, easy access to I-4, 417 and all that Lake Mary has to offer.

All month payment includes (HOA, Taxes, interest, insurance and mortgage principle) for less then $900/mo, all you need is $2800 to move in. With this home purchase you qualify for the $8000 First Time Home Buyer Tax Credit available to Lake Mary Area Buyers.

Bonus, the bank is paying for 6 months of HOA payments!

3 Bedrooms/2.5 Bathrooms 2 Car Garage - Covered Patio, SS appliances, New Washer & Dryer, Immaculate condition just like new! $79,900 or mortgage payments under $410/mo

Oh yeah forgot to mention.... Seller may pay all closing costs

If you are a Lake Mary First Time Home Buyer looking for a steal of a deal, then look no further, contact me today and start packing!

Heather Joubran 407-810-6304 Heather@HeathertheRealtor.com

First Time Home Buyer Tax Credit - Orlando & Lake May Buyers GREAT NEWS!!!

Mon, 11 May 2009 10:54:22 -0500

If you are a first time home buyer in and around the Orlando and Lake Mary areas there is great news for you. You probably already know about the $8,000 First time home buyer tax credit available to you if you purchase prior to Dec. 1 2009.

However here is the even better news. Until recently you could not use these funds as a down payment on a home, you would get the money after you closed and amended your tax return. Local and state government have devised a plan to allow you to borrow the $8000 upfront from the local county organizations to use for a down payment and then will repay them with your tax credit, starting July 1, 2009.

This is fantastic news for many first time home buyers in Central Florida and means the realization of home ownership for many more. The details are still being worked out but make sure to bookmark my blog or subscribe via rss or just email me and I will make sure you receive priority notice of the details.

The House and Senate what's to come for First Time Home Buyers

Fri, 01 May 2009 21:11:37 -0500

The House and Senate just completed their 60th day in legislative session and have some exciting things on the horizons for buyers. However, the 2009 regular session of the Florida Legislature has been extended for a full week to finalize the budget. So while there is still some finalizing to do, all non-budget legislation had to be considered for final passage today if it was going to have a chance of becoming law.

More details are coming but one of the final bills considered tonight was SJR 532. This constitutional amendment will ask voters to limit increases in property tax assessments on all non-homestead properties to 5 percent annually.

First-time homebuyers could benefit, too, with an additional homestead exemption up to $100,000.

HB 521, the bill that puts the burden of proving that a property tax assessment is correct on the appraiser, not the property owner, I think this bill is great but how biased would the tax assessor be when showing the true value.

And last but not least when the budget is finalized next week, there will be $30 million for downpayment assistance to help "front load" the federal first-time homebuyer tax credit. Sounds like great news to come.

Is it still a buyers market in Orlando, FL?

Sun, 12 Apr 2009 11:10:44 -0500

Is it still a buyers market in Orlando, FL? You bet it is, but the buyers market is not the same across the board. And First Time Home buyer market is moving closer each month to a balanced market with certain price points already back in the sellers market territory. Dont get me wrong I dont think pricing is going any in the upward movement however it does mean that your offers need to be realistic and understand that a good home with a good price tag will move very quickly.

So your probably scratching your head thinking this Realtor is crazy and just trying to get me to buy. I don't blame you for thinking that, but keep reading and lets find out what the numbers mean.

"Buyer's", "Seller's" and "Balanced" Markets

There's a universally-accepted and used formula for determining whether it's a "buyer's", "seller's" or "balanced" market...

more than 6 month's supply = buyer's market
5 to 6 month's supply = balanced market
less than 5 month's supply = seller's market

The "month's supply" is determined by comparing the overall supply, should no new houses come on the market (active inventory)to the demand (homes going under contract/selling). So let's look at the supply and demand in Seminole & Orange County

As you can see the homes under the $50,000 have already moved into the sellers market and the First Time Home Buyers market is teetering close to that balanced market, but as you can see there is a large jump from the $250,000 price point and even larger supply in the luxury area with over 7 years supply.

Orlando area sellers this means if you want to sell you can but you have competition price accordingly and you will find a buyer. Buyers depending on price range you might need to move quickly on a home that you like and not get as aggressive with discounting the price.

If you are looking for a Seminole & Orange County Realtor who understands the area's market and absorption rates and can help navigate and educate you on the local market give Heather Joubran a call today.

Email Heather@HeatherTheRealtor.com or call/text me at 407-810-6304

County Down Payment Assistance Programs Going Away for Ever?

Thu, 09 Apr 2009 19:01:46 -0500

Is it true Orange County & Seminole County down payment assistance programs like SHIP might be going away forever? I received and email today with the grave news that the housing funds from the state are on the chopping block. The senate is cuting over $123 million dollars from the budget and with those cuts would simply eliminate down payment assistance programs like SHIP.

If you want to see these programs stay around write your senate and congress.

Contact Senate President Jeff Atwater at atwater.jeff.web@flsenate.gov

Orlando Home Buyers New Construction - Baldwin Park

Wed, 08 Apr 2009 15:32:55 -0500

Orlando Home Buyers looking for new construction look no further then Baldwin Park. Even a stepford wife would be jealous of this neighborhood. Baldwin Park is free from gates and fortress walls. It's a carefully planned neighborhood that has a true sense of community and is one of the friendliest one's in Orlando. With seemlingly endless places to meet up with your neighbors, friends and family all homes are walking distince to the local Publix, shops, doctors offices, CVS, schools and many restaurants, located all within the community.

Miles of endless sidewalk and trails blend seemlessly with the surrounding lakes and natural wildlife. There are 3 community pools for residents to enjoy, a fitness facility, 2 community clubhouses and more parks and playgrounds then I have fingers. Want to join a dog club, they've got it. Want to do yoga in the park, they've got it. Want a place to meet your mommy and me play group for dancing with your kids, they've got it at the all new Vibe. Baldwin Park is the perfect blend for all lifestyles and stages of life.

Homes come in a few main styles, from Mediterrain to Colonial to the custom estates. Garages are accessed by alleys in the rear of homes for a prettier and friendlier streetscapes. It's an Orlando community you'll be proud to call home

The community is a true slice of heaven, but the best part is the deals. If you are looking for a home in Baldwin Park then you have come to the right place. I recently negotiated a few deals on some inventory units that are ready now. One property is a full $100,000 off asking price plus $15,000 in closing costs, got them to throw in hardwood floors and a refrigerator to seal the deal

I have a few deals left that are prenegotiated and I must say the homes are amazing. Brand new construction, all the bells and whistles starting in the low $300,000s for a nice single family home. Baldwin Park will be completed later this year so now is the time to get in.

If you are interested in purchasing one of these great deal you need to contact me by April 30th to take advantage.

Send me an email Heather@HeatherTheRealtor.com or text or call me at 407-810-6304

Live in Lake Mary for less then $900/mo - New Construction Townhomes

Fri, 03 Apr 2009 18:01:17 -0500

Have you dreamed about living in Lake Mary? Looking for new construction?

I have negotiated a deal with a local builder who is trying to sell off their inventory right here in Lake Mary. There is a limited quantity of these units availble at this pre-negotiated price. These are NOT condo conversions and are newly built.

Community features a pool and playground, easy access to I-4, 417 and all that lake mary has to offer.

All monthly payments include (HOA, Taxes, interest, insurance and mortgage principle), all you need is $3500 to move in. With this home purchase you qualify for the $8000 First Time Home Buyer Tax Credit available to Lake Mary Buyers.

Unit A 2 Bedrooms/2 Bathrooms 1 Car Garage - Screened Balcony, Granite Countertops, SS appliances $99,000 or $837/mo

Unit B 3 Bedrooms/2 Bathrooms 1 Car Garage - Screened Patio, Granite Countertops, SS Appliances $114,9000 or $912/mo

Unit C 3 Bedroms/2 Bathrooms 1 Car Garage - Screened Patio, Granite Countertops, SS Appliances $119,900 or $937/mo

Oh yeah forgot to mention.... ALL CLOSING COSTS PAID

If you are a Lake Mary First Time Home Buyer looking for a steal of a deal, then look no further, contact me today and start packing!

Heather Joubran 407-810-6304 Heather@HeathertheRealtor.com

*Must qualify for an FHA mortgage - each persons payments maybe slightly different based on credit score and interest rate. Each unit may have slightly different features.

Why should Orlando Area Buyers have an Agent?

Thu, 02 Apr 2009 18:21:53 -0500

Orlando Area buyers should have an agent..... Reason #1: We are Free. Our services are free and paid for by the sellers. Why do the driving, the negotiation, the schedule handling, finding properties, when someone who is skilled in purchases do it for you.

Reason #2: An Orlando Area buyers agent can save you money! This week I had the opportunity to sit down with my clients, who are also my close UCF college friends and help them purchase their first home together. The recently got married and are now pregnant expecting twins. So onward to family bliss or in other wards Baldwin Park. A neighborhood even the stepford wives would be envious of. With my negotiating skills in hand and their bottom line in mind. I was able to get the builder to take off $97,000 from the purchase price, pay $15,000 in closing costs, upgrade the flooring and through in a refrigerator.

More reasons to come later but I think the first two reasons are reasons enough to have an Orlando Area Buyers Agent on your side.

The Dark Side of Foreclosures

Tue, 24 Mar 2009 17:54:33 -0500

The dark side of Orlando Foreclosures. While some people see foreclosures and REO properties as a gold mine, others see the damage it causes to many families.

This blog isnt about the families that were foreclosed on but the people in the middle, hurt by the deceitful people still out to make a quick buck. The innocent people who think that they are simple getting a good deal because people are struggling and will take less for rent.

This weekend I had to handle the dark side of Foreclosures. A young couple with 3 kids and one on the way are occupying a house that is now owned by the bank. They rented the home from the previous home owners less then 2 weeks ago, happy with the home and the monthly fee. They paid first and last months rent upfront and even some past due monies owed to the water company. There were some red flags in this whole scenario but the main thing is. The previous owner was no longer the owner and has no right to the house or to rent the home.

Now these tenants are approached by me the rep for the bank who now owns the home, that they have just been scammed by the previous owner and must vacate in less then 30 days. If they do so peacefully we can do something for them, if they dont they can be flat out evicted and quickly. Beware of scammers out there. Simply checking the tax records wont help, the banks name doesnt always appear that quickly. You could do a record search and see the chain of issues which might tip you off that something isnt right.

It's always important to have a professional on your side from the Realtor who helps you buy and sell real estate to the Property Management company who ensures a smooth rental process.

What does a Real Estate expert mean to you?

Fri, 20 Mar 2009 10:56:16 -0500

What does a Real Estate expert mean to you? Is it someone that knows all the developments in their area? Someone who knows the ins and outs of the real estate industry and negotiations? Someone who knows whats going on in the community and what makes a community special?

In the Real Estate Industry there seems to be no gauge to rank what makes one agent better then another. There are designations, there are sales stats, but does all that mean that someone is an expert or even a good Realtor? How as a general end user of our services does one determine to use one agent over another?

What do you think makes a Real Estate agent an Expert or the person you would want to do business with and refer your friends and family to? Wouldnt it be great if there was a way to rank Realtors.

It's Raining Money in Orlando

Wed, 18 Mar 2009 21:35:18 -0500

Facts about Bank owned / REO (Real Estate Owned) Properties

There are 572,572 REOs Nationwide
65,240 in the State of Florida alone
In seminole county there are 850 properties
Bank owned homes in Orange county are a whopping 4,975
That's almost 6,000 amazing deals on properties in Central Florida

Whether your a first time home buyer, experienced home buyer or investor in the Orlando are you cant deny the fact that there are deals to be had. With almost 6,000 of those deals right here in central florida.

As an REO agent I have the expertise to help get your offers accepted by the banks. Worked with other agents who told you that banks dont do repairs? That's a myth. Currently under contract and getting ready to close a deal where the bank is doing $10,000 worth of repairs to the hope. Another closing a few weeks after putting on a new roof worth $7,000.

I look forward to discussing your real estate needs in the Orlando, Lake Mary and surrounding areas.

Looks like Dr. Seuss Built this House

Fri, 13 Mar 2009 15:23:16 -0500

I had a home inspection today with my First Time Home Buyer Tory today, who is a flight attendant with Southwest Airlines. We are utilizing my expertise in Down Payment Assistance to get him $10,000 in DPA from the City of Orlando.

We have an offer accepted on a great bank owned property in Orlando for $100,000. Today was our inspection and all went well except the roof which is shot, but we kind of already knew that going into the deal, my experience as a General Contractor helps many of my buyers get a feel for what kind of remodeling, TLC a property needs prior to a home inspection. This helps them narrow down which property is a better fit then another. However, I still cant emphasize the importance of a home inspection.

While walking around during the inspection we came to this strange outdoor piping situation. Picture to the right. Not sure what the thought was on this piping but it looks like something that should be in Dr. Seuss's House.

Blue Light Special on Lake Mary Bank Owned Properties

Mon, 09 Mar 2009 17:32:41 -0500

As and REO agent I have first hand knowledge how the banks work, how they arrive a their price and what it takes to get an offer accepted by them, yet I still get buyers everyday who contact me stating they want to find a house 40-50% under market value.

Guess what people most likely isnt going to happen and here's why. Banks have the properties appraised whether it's by another agent or an appraiser either way they get fair market value. Based on the condition of the property and the AS-IS terms they will price their property slightly below market, generally no more then 15%. Now if the home is properly priced it should sell in the first week to two weeks of being on the market.

A bank is not going to price a home 40-50% under current fair market value because it can be sold at fair market value and they are most likely taking a 40-50% hit off the note value. So when you hear these late not informercials talking about getting a property 40-50% below value, they are most likely talking about note value and not fair market value, well unless the house needs to be torn down that's another story

So just to back up my story with facts here are the most recent Bank Owned Properties in Lake Mary and what they have sold for in the Month of February. Note the ratio on list price to sales price.

REO properties in Lake Mary and Orlando are hot ticket items. The closer to market value a property is listed for the quicker it sells and for almost list price, but either way. These are all 11 bank owned sales in the month of February for Lake Mary, not a single one sold for 40-50% under market value.

If you are thinking about purchasing bank owned or REO properties in Lake Mary and the surrounding areas make sure to have an expert on your side, especially one who has first hand knowledge of how banks operate. Choosing the right agent could be the difference between getting a deal and just wasting your time.

Love to Twitter, then love to Hahlo

Sun, 08 Mar 2009 16:41:32 -0500

If you love to twitter then check out the coolest iphone/web app for twitter, Hahlo. I downloaded it today and I love the fact that I can keep a small drop down menu on my desktop all day and consistently be updated as to what my tweeps have to say.

Hahlo easily allows replies sent to your tweets, your direct messages, and your favorites, update your Twitter status, reply to and favorite tweets with a single tap and even send direct messages to your friends.