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orlando home sales: Buying Your Orlando Home Is Not a Trip to Fantasyland - 07/31/10 10:28 PM
If you are a potential Orlando home buyer, you may live near Disney World, but when you are considering buying a house, do not let your thinking drift to Fantasyland. Taking this step is a big one for anyone, but for given the recent depressing history of the Florida housing market, buyers are smart to consider the statistics. In addition, while interest rates are low, getting credit is harder than in the past.
Buying a home is seldom a mere economic step for many people who see it as nest for a new family, a sign of stability, or a source … (0 comments)
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orlando home sales: Survey Says: If Your Live in Florida, You're Happy - 12/18/09 08:01 PM
Florida may have its share of bad news in the housing arena, but its citizens are happy. In fact, recent research that matched survey by the Centers for Disease Control and Prevention (CDCP) with academic research done by two economists Andrew J. Oswald and Stephen Wu, found Floridians as the third happiest Americans right behind people from Louisiana and Hawaii.
Foreclosures may nearly top the nation and unemployment is high, but Florida gets high marks on its sunny climate which undoubtedly makes people happy about their lives.
Oswald noted: "We wanted to study whether people's feelings of satisfaction with their own … (5 comments)
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orlando home sales: New Tax Credit Expected to Boost Orlando Housing Outlook - 11/18/09 01:08 AM
"We can't underestimate just how powerful a catalyst the first-time homebuyer tax credit has been for the housing sector. It's given buyers the confidence they needed to get off the fence and take advantage of extremely affordable housing conditions. The buying conditions this year are the most favorable on record dating back to 1970, but the tax credit is allowing buyers to set aside any reservations about waiting for a better deal."
Lawrence Yun, NAR chief economist
No where are the words of Lawrence Yun more true than in Orlando, FL. The Orlando housing market, already enjoying record low home prices … (3 comments)
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orlando home sales: Get the Best Deal in a Great FL Condo Market - Choose Orlando - 11/16/09 09:34 AM
If you are thinking of buying a home but love the convenience of your apartment, then Orlando condo living is for you. Many Florida buyers agree. The Florida Association of Realtors reports a 77% increase in condo sales between August and September, 2009 vs. a year ago. In Orlando, existing condominium sales are nearly four times as high as September, 2008.
What's great for buyers is that condominium prices have fallen to the degree that transitioning from an apartment to a condo could mean your costs might not increase much, even as you gained the satisfaction and tax benefits of home … (2 comments)
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orlando home sales: Low Prices, Tax Credit Overwhelm Foreclosure Issues for Home Buyers - 11/15/09 06:27 PM
As an Orlando homebuyer, it is important to keep your eye on the prize. Homes, especially condos, are extremely affordable at the moment and sales are increasing dramatically. With the first time home buyer's credit extended to April 30, 2010 and expanded to include current owners and higher income families, the Orlando housing scene should see even more activity.
Despite this good news, our city has the dubious distinction of having the ninth highest foreclosure rate in the nation in October, along with the second highest number of foreclosure filings in the state. (Only Miami is in worse shape.)
According … (6 comments)
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orlando home sales: Orlando Home Inventory Levels Drop Along With Median Home Values - 09/27/09 02:04 PM
Now is the time to purchase your first home. Not only is the $8,000 first time buyers credit a great incentive for some, The Orlando Regional Realtor Association just announced that the month of August brought the Orlando area a surprising median home price drop to $128,000.
In August, Orlando Realtors sold 2,115 homes, a 65 percent increase when compared to the same time last year. Last month's sales included 850 bank-owned transactions and 188 distressed properties. These two categories accounted for 49 percent of the sales.
Home Sales UP!
There was a 71 percent increase in existing home sales in … (0 comments)
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orlando home sales: Listen Up, Orlando First Time Buyers - 09/12/09 06:26 PM
Maybe you have heard so much about the $8,000 first time homebuyers credit that you don't even listen any more. But if you are in a position to buy an Orlando home right now it is time to listen up: the tax credit is about to expire on November 30. Since processing your loan, appraisal, and paperwork for the home takes longer these days, October 15, or to be safe, even October 1, is the deadline. Only those who have closed on their homes before December 1 can claim the credit.
You know the basics of the credit: you can … (6 comments)
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orlando home sales: So What Do You Do with a Smelly Orlando House? - 08/23/09 10:06 AM
Imagine buying your Orlando dream home and experiencing a string of problems with it before you've even written the first few mortgage checks. The house has a funny smell and your wife and kids have had headaches and nosebleeds ever since you moved in. After you've lived there awhile you notice that the copper pipes, electrical wiring, and air conditioners are corroding as well as your microwave, phones, & computers. You fear that the drywall could be a fire hazard.
Imagine being a builder in the midst of one of the worst times in recent history for new home construction. You … (5 comments)
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orlando home sales: Working It Out with Your Orlando Lender - 08/06/09 10:41 PM
In trouble with your mortgage payment? If your trouble is short term, you may see the day when you can get back on track, if only your house payments were a little lower. You like your Orlando home and really don't want to move. If this is your story, you want to prevent foreclosure, but aren't interested in a short sale. Your strategy in this case might be to discuss a loan workout with your lender.
You might ask them for a reduced interest rate and a lower payment. Aside from loan modification, other remedies they might be willing to … (2 comments)
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orlando home sales: Sweet Orlando Short Sales – Getting Shorter? - 06/30/09 09:59 PM
Short sales offer hope for troubled Orlando homeowners who need to get out from under high payments with dignity. With a short sale, the lender makes an agreement with the homeowner to accept less than what is owed on the home. The owner is sorry to give up the house and the bank is very sorry to take a loss, but both end up winners, of sorts. Short sale is less damaging to the owner's credit record and less costly to the bank than foreclosure. Though a short sale might reduce the owner's credits score, the hit for foreclosure much greater.
… (3 comments)
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orlando home sales: Foreign Buyers Eye Orlando - 06/20/09 05:18 PM
These days, when the dollar is weak in world market and homes in the U.S. are plentiful, it's not surprising that property in the United States is a hot commodity among foreigners. A recent survey in 2008 of 200 members of the Association of Foreign Investors in Real Estate (AFIRE) revealed how desirable property in the states is considered:
• 56% of respondents judged the U.S. to be the most stable and secure country for foreign investment, distantly followed by Germany (11%), United Kingdom (8.8%), Australia (8.8%), and Japan (5.3%.)
• 26.2% consider the U.S. to offer the best chance for … (4 comments)
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orlando home sales: What Should Stay, What Should Go When You're Packing Your Orlando Home - 06/18/09 10:53 PM
There was a time when people had more common sense and even in the absence of that, an innate sense of what you should be packing up when you move from your home. Whether you are going by choice or moving after foreclosure, the same rules apply.
No question about it, the foreclosure crisis has resulted in a rash of trashed, smashed, and stripped-bare homes for the next set of owners to deal with. Many homeowners, strapped for cash, have ripped out counters, appliances, light fixtures, or cabinets to sell and may have intentionally damaged what's left, out of anger. … (0 comments)
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orlando home sales: What is an Affordable Central Florida Home? - 06/11/09 09:18 PM
You hear a lot these days about "affordable housing." Five years ago, lenders aided and abetted home buyers into stretching the definition of what was affordable to a figure far in excess of the traditional formula: buy a home three times your annual household income. The emphasis was put on the monthly payment, which is why people who should have bought $200,000 homes were buying $500,000 homes because some crazy mortgage packages made their payment "affordable" until the interest rate adjusted or some other term of the loan kicked in.
Now, many lenders are going back to basics. With housing … (2 comments)
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orlando home sales: $8,000 Tax Credit Can Make Your Springtime Dreams Come True in Orlando, FL - 06/10/09 06:10 AM
This spring could be the time everyone gets something they want. Orlando buyers get the home of their dreams at an affordable price with decent interest rates. Sellers move that property that's been on the market for awhile and then are able to take advantage of a good deal on their next home. Banks reduce their inventories of foreclosed home. Neighborhoods rebound, as families fix up and move into homes formerly owned by people who may not have been able to keep them up.
One thing that is facilitating this happy picture is the first time homebuyer's credit. Available until December … (2 comments)
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orlando home sales: Turning Up the Heat in Orlando Real Estate - 05/28/09 11:46 PM
It's hot in Orlando, nearly 90 degrees. For the first time in a long time, the housing market is hot too. According to the Orlando board of Realtors, home sales in Orlando for the past two months exceeded sales in March, 2008 by 47.59% and in April, 2008 by 42%. About half the sales for each of the two months this year were distressed or bank-owned.
It's a great thing that the distressed and bank owned homes are moving. This has made Realtors® like us who specialize in placing people in homes like this crazy busy, while showing our customers affordability … (4 comments)
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orlando home sales: Getting Down to the Business of Buying a Home - 02/26/09 06:39 AM
Discovering your "utopia" to purchase is only the first stage in the home buying process. There are an infinite number of homes on the market to choose from, and having three final dream homes selected is a good idea. In a perfect situation, once you've chosen your new residence, you give notice to your landlord, list your current residence and sell it, or you finally tell your parents you are moving out. Since the 30 - 45 day window has cleared; your loan has closed and you are ready to move. Realistically, this never happens. So here are a few realities about … (1 comments)
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orlando home sales: New Stimulus and Housing Plans Set to Revitalize Central Florida - 02/24/09 06:51 AM
There's been a lot of activity in Washington this past week, as a major economic stimulus bill was signed one day and a major housing plan was announced the next. Both bills will impact the past and present in the Florida housing market and make the state an even better place to live with improved roads and bridges. Florida is predicted to receive nearly $2 billion from the general bill; only California, New York and Texas will receive a bigger slice of the pie. Florida mayors, like other throughout the country, have their forks in hand to eat as much as they … (1 comments)
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Janice Petteway
Orlando,
FL
More about me…
Exit Real Estate Results
Address: 365 Wekiva Springs Rd. Suite 151, Longwood, FL, 32779
Office Phone: (407) 788-1226
Email Me
Your Expert for:
Central Florida real estate, Orlando real estate, Orlando home sales, Orange County, Seminole County, short sales, REO homes, bank owned homes, foreclosures, coaching, exit real estate results, extreme results team, real estate ethics, lakefront property specialist, relocation
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