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Recent Numbers Could Signal Increased Rent in Orlando - 09/29/11 02:02 PM
Guest blog post courtesy of Paige Taylor* The Orlando real estate market has been one that’s oft been analyzed and evaluated over the past few years. Some of the recent numbers have been a little more hopeful than usual, especially when you consider the possibility of some increases in rent may attract possibly buyers looking to invest in a home to rent out. The Orlando vacancy rates have apparently dropped to about 7 percent, as compared to 8 percent earlier in the year. The lower vacancy rate is good news for those potential buyers who want to rent out properties. Real estate (1 comments)
Leave a Message at the Tone - 09/27/11 08:01 AM
I had trouble with the subject of this blog post, because I am trying to keep things positive in light of my "real estate optimist" title. Lately, it seems the "new normal" in real estate is for agents not to call you back. I submitted three offers - good offers not ridiculous low ball offers - last week. One agent responded. One out of three, and I did not just e-mail the offers over. I always call to verify they received the offer, because frequently e-mails with attachments go into spam folders. So, I e-mail offers (full price - as-is - cash (9 comments)
Oops They Did it Again - 09/19/11 03:25 PM
You guessed it Bank of America has managed to surprise me again with their ineptness at handling short sales. The are the bank for a seller that has had two buyers walk because the approval took too long. The second buyer's offer of $153,000 was approved just a few weeks ago, but not in time to hold the buyer to the contract. Luckily, I am working with a terrific couple who made an offer immediately at the "approved" price. We went to contract and began waiting - again. We had just spent five months waiting on another short sale that went awry (8 comments)
Orlando Real Estate August 2010-August 2011 - 09/12/11 12:52 PM
I talk about supply and demand a lot in my blog, because it all boils down to those two economic fundamentals. Some other blogs recently have quoted my posts to support somewhat different conclusions about the Orlando real estate market. This and a question from one of my collegues, made me wonder how our market has changed since last year. In August 2010 we had 16,544 homes for sale in Orlando. In August 2011 that number has dropped 42.7% to 9,474. So, the supply has dropped significantly, what about demand? A year ago there were 2,287 sales, but this year that (0 comments)
Orlando Real Estate Sales August 2011 - 09/07/11 08:55 AM
I am running a couple of days late on my statistics this month. I have had out of town investors from Wisconsin and Canada this week, wrote three offers with two accepted so far. Despite what you may hear from other blogs, the number of properties available for sale in Orlando is continuing to decline making it more difficult to find properties. There are currently only 9,474 homes listed for sale by Orlando Realtors. With 2,437 sales last month that is less than a 3.9 month supply of homes available. A balanced market is six months. Of the homes available for (2 comments)
Orlando Real Estate Blog, news, statistics, marketing reports, insight, opinions. Orlando real estate includes, Winter Park Windermere, Apopka, Ocoee, and Winter Garden, as well as Conway and Dr. Phillips areas of Orlando.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.