September was a crazy month for sales in Central Florida. The $8000 tax credit came to an end this month - if you had a straggling contract from back in April but didn't close it before September 30, your chance at getting the credit is gone. Sadly I know a few short sale buyers that lost deals because of this deadline. Additionally GMAC, JP Morgan Chase, Bank of America, and a few other REO bank owned sellers pulled their listings off the market this month - including listings that were pending to close. It should be quite interesting to see the affect this will have on the monthly sales statistics. We did manage to close quite a few deals during September though. Check these deals out:
Moorings Leon Spindletree
1. Moorings Lane, Orlando, FL 32810. 3 bed/2 bath/2-car garage home. This was previously a short sale that we sold to this buyer. They bought it cheap, fixed it up beautifully, and re-sold it for a roughly 20K profit. Flipping houses is alive and well in Central Florida. Sold for $98,500.
2. Leon St, Altamonte Springs, Fl 32701. 3 bed/1 bath block home. This was probably the worst, nastiest house I have ever listed. House needed a roof and had mold issues, yard was overgrown, and pit bull dogs next door. House had code enforcement liens and was a short sale on top of that. In 2006, the owner paid $134,000 for this home. In 2010, our buyer paid just $4,000. That's a heck of a short sale.
3. Spindletree Lane, Orlando, FL 32829. 3 bed/2 bath/2-car garage home. Great southeast Orlando area neighborhood. Another flip deal. Buyer bought this home at the foreclosure auction, fixed it, and re-sold it within about 3 months for $151,000.
4. Valencia Road, Debary, FL 32713. 3 bed/1 bath super cheap home. Bank owned REO. Great wholesale deal. Our buyer bought this home for $26,000 and wholesaled for a nice profit.
5. Steeplechase Blvd, Orlando, FL 32818. 4 bed/2 bath pool home. Beautiful home on a 1-acre lot in West Orlando. Sold for $220,000.
Deals are selling around Orlando. We have many cheap properties listed for sale or available on our wholesale list at this very moment. If you need help finding a great deal for yourself, please contact one of our Realtors or simply contact me directly and I will assist you with your home buying and selling decisions.