orange: Baby Boomers Home Equity Decline Diminish Hopes Of Retirement - Many Are Selling In Orange County - 05/20/08 02:36 PM
Unlike previous generations who could look to equity in their homes as a source of economic stability, the worsening economy has thwarted many baby boomers plans of an easy retirement. In the past retirees could look to their homes as a source of equity with which to retire and somewhat live … (0 comments)
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orange: Housing Surplus In Seminole, Sumter, Osceola, Orange, Polk, And Lake County, Florida - 05/20/08 02:32 PM
Empty houses all around across Central Florida reveal builders plight as they are being forced to drop prices even faster than homeowners. Builders unable to sell their excess inventory are hustling to dump homes at lower prices and are doing whatever they can to hurry up and unload before prices go … (0 comments)
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orange: House Prices Decline In Value - Orlando, Orange County, And Across Central Florida - 05/20/08 02:29 PM
The U.S. government and corporate media don't talk about how lower house prices are good for home buyers, preferring to sacrifice we the people and families to make sure bankers have plenty of debt to earn interest on. Nevertheless pure and simple economics says lower prices of anything is good for … (0 comments)
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orange: Lake County, Florida Property Appraiser Blows Whistle On Mortgage Fraud Inflating Real Estate Prices - 05/20/08 02:24 PM
The surplus of speculating investors who cleverly learned how to leverage leverage OPM (other peoples money) and work the system, is now backfiring throughout the market and circling back around to correct itself. A fourth of the homes bought across the nation the last few years were purely speculative for profit … (0 comments)
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orange: Florida Growth Management Initiative - Let Citizens Decide Local Growth Management Plans - 05/20/08 02:21 PM
The Florida Growth Management Initiative Giving Citizens the Right to Decide Local Growth Management Plan Changes is a wonderful referendum sponsored by the Floridians for Smarter Growth, Inc. under Chairperson Clarence Anthony (Tampa, FL). Article II, Section 7 provides for the voting upon this referendum by voters in the 2008 general … (0 comments)
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orange: Conservation And Protection Of Florida Homeowners' Scenic Beauty - Florida's Billboard Amendment - 05/20/08 02:18 PM
Conservation and protection of Florida's scenic beauty should be a top priority for homeowners unless we want our home values to plummet as the state becomes billboard central. I don't think any Florida homeowner desires their neighborhood to look like Time Square in New York City full of advertisements as far … (0 comments)
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orange: Mandating Florida Hurricane Insurance, Additional Property Tax For Homeowners - Are You Eligible? - 05/20/08 02:14 PM
An initiative on the Florida, 2008 general election ballot is a bill to make hurricane insurance as a local property taxing authority at market value. To me this seems very dangerous because it basically passes on to every homeowner, whether they want it or not, additional insurance costs related to hurricane … (0 comments)
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orange: Portability Of FL Save Our Homes Assessment And Eventual Cap Removal - 05/20/08 02:11 PM
The average citizen and resident of the State of Florida knows little if anything about legislation and initiatives currently being proposed to greatly alter their lives. When I found out about the Save Our Homes Amendment, my first reaction was that on its face it sounds good.That however is the danger … (0 comments)
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orange: Florida Save Our Homes Amendment - Party Now And Pay Later - 05/20/08 02:08 PM
Florida lawmakers may have passed revolutionary property tax reform amendment (if the voters approve), or maybe they are setting the stage for the privatization of education and our public services.Many homestead property owners find they are unable to downsize or relocate to a new residence because purchasing a replacement property starts … (0 comments)
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orange: Florida Residential Growth, Impact Fees, And Local Government Planning - 05/20/08 02:03 PM
Local governments are being hit with a heavy economic burden with the slowdown in residential real estate. Sizeable reductions in new home construction and demands from the state of Florida requiring local governments to cut back their budgets are taking their toll. Fewer permits being pulled for new home construction means … (0 comments)
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orange: Central Florida Property Appraiser - Homestead Tax Exemption - 05/20/08 01:59 PM
Every person who has legal or equitable title to real property in the State of Florida and who resides on the property on January 1 and in good faith makes it his or her permanent home is eligible for a homestead tax exemption. If title is held by the husband alone, … (0 comments)
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orange: Central Florida Real Estate Market Downturn - Economic Variables & Causes - 05/20/08 01:51 PM
The residential real estate market in Central Florida has been good since the last recession that occurred in 1991. The real estate market was red hot for a six month window between April to September, 2005. I had never witnessed such phenomenal price increases in my entire 30 years as a … (0 comments)
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orange: Florida Real Estate Market - Taxes, Insurance & Inefficiencies - 05/20/08 01:41 PM
The rich don't want to pay their fair share in income taxes and the poor aren't always up to date with the laws the powerful are trying to pass to shift the tax burden elsewhere. Moreover those cleverly entrenched in the establishment often know how to write laws and market them … (0 comments)
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orange: Central Florida Land Appraiser - Residential Development & Eminent Domain - 05/20/08 01:36 PM
The state of Florida has some phenomenal land from coast to coast. From city to country land is a precious commodity always increasing in value. Though residential development comes with much speculation, one thing is for sure is the value of the land before the improvements are added thereon. Undoubtedly local … (0 comments)
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orange: Central Florida Property Eminent Domain And Just Compensation - 05/20/08 01:28 PM
Just compensation is determined by several key factors, which mandates that the owner receive a reasonable return on their investment which can be quite arbitrary given what the market will bear. Eminent domain is the power of the state and federal governments to take private property. While the government may regulate … (0 comments)
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orange: Central Florida Appraiser - Skillful And Experienced, The Key To Professionalism - 05/20/08 01:21 PM
Until recently many states did not require individuals to meet specific qualifications before being allowed to perform appraisals. The Appraisal Institute came about as a result of the need to have professional unbiased estimates prepared by knowledgeable and trustworthy practitioners. Today every state maintains an appraiser regulatory law.Nevertheless professionalism is not … (0 comments)
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orange: Central Florida Property Appraising & Consulting - Asset Assessment & Wealth Accumulation - 05/20/08 12:42 PM
Appraisers ensure that the decisions made by buyers, sellers, government officials, insurers, investors, and others are based on well-informed, carefully reasoned judgment. Therefore appraisers help promote the stable and orderly development of the real estate market.Appraisers of real property evaluate the utility and desirability of property and estimate its value for … (0 comments)
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orange: Lower Property Taxes - Central Florida Property Appraisals - 05/20/08 12:38 PM
As a longtime property appraiser, former home builder for twenty years, and licensed real estate broker I learned something from someone who seemingly was a novice in the real estate market and industry.My son Paul Jr. lived in Oviedo, FL (Seminole County) at the time when he phoned my Lake County … (0 comments)
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orange: Central Florida Appraisals Property Valuations - 05/20/08 12:33 PM
Property appraising historically has taken three approaches: 1. The Cost Approach2. The Sales Comparison Approach3. The Income Capitalization ApproachMotivations for acquiring an appraisal are to obtain financing when buying property, determine the appropriate price when selling, to gauge the amount of tax one should pay based on valuation, and as an … (0 comments)
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orange: Central Florida Real Estate Appraiser - Creating & Assessing Value - 05/20/08 12:28 PM
As a longtime real estate property appraiser and builder in Central Florida, I learned long ago the essentials for creating and assessing value. Whether you are a buyer or seller, these values will strongly effect you at some point in time during the market transactions. That being said it is worth … (0 comments)
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orange: Florida Voters Approve Save Our Homes & Vote Yes On Homestead Exemption - Now What For Property Tax? - 05/20/08 12:14 PM
What does the newly passed Save Our Homes Amendment 1 mean to Florida homeowners? The multi-million dollar battle over the Save Our Homes amendment was a victory for democracy and political activism. Popular Republican Governor Charlie Crist, along with legislative and business leaders, rallied against some of Florida's most powerful unions … (0 comments)
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orange: Buying Florida Real Estate - Florida Foreclosure Bonanza Awakens Buyers Across The Country & Globe - 05/20/08 12:09 PM
Florida was second in the nation, with more than 279,000 foreclosures filed in 2007. That's up 275 percent from 2006.As we roll into the new year, many are having to pack up and quickly sell their homes. This translates into substantial savings for buyers looking to seize a good deal, escape … (0 comments)
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orange: Florida Homeowners Negative Equity Nightmare - Costly Mistakes Leading To Bankruptcy And Foreclosure - 05/20/08 12:04 PM
A surprising large percentage of Florida homeowners who purchased their property in 2006 and 2007 now have negative equity on their homes, thanks to the excessively high prices paid when they bought their homes. Negative equity means your mortgage exceeds and gobbles up any ownership interest you have in the property … (0 comments)
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