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orlando regional board of realtors: 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)

orlando regional board of realtors: 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)

orlando regional board of realtors: 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)

orlando regional board of realtors: 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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Janice Petteway

Orlando, FL

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Exit Real Estate Results

Address: 365 Wekiva Springs Rd. Suite 151, Longwood, FL, 32779

Office Phone: (407) 788-1226

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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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