Special offer

Orlando, FL Real Estate News

By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you.In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold.But when rates start to come down, things change. It goes from limited or weak demand to good or strong demand. That’s because a big portion of the buyers who sat on the sidelines when rates were higher are going to jump back in and make t...
Comments 6
By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know.A lot of that fear is probably coming from what you’re hearing in the media or reading online. But here’s the thing to remember. Negative news sells. That means, you may not be getting the full picture. You may only be getting the clickbait version. As Jay Thompson, a Real Estate Industry Consultant, explains:“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.”Here...
Comments 3
By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Some Highlights When it comes to the current housing market, there are some myths circling around right now. Some of the more common ones are that it’s better to wait for mortgage rates to fall or prices to crash. But there are others about the supply of homes for sale and down payments.  Let’s connect so you have an expert to help separate fact from fiction in today’s housing market.  Contact us:PHP Houses142 W Lakeview AveUnit 1030Lake Mary, FL 32746Ph: (407) 641-1531Fax: (407) 205-1951email: info@phphouses.comLet’s Connect:FacebookLinkedinTwitterInstagramThe information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contai...
Comments 1
ORLANDO — Emerson International recently negotiated three new lease agreements and three renewals that total 5,001 square feet of office space at Major Center Plaza One, its professional office development on Major Blvd. near Universal Studios in Southwest Orlando. Pierre de Amezola, director of sales and marketing at Emerson International, said Emerson leasing associate Sean Westcott negotiated the following new leases Vacation Masters International, LLC leased 1,245 square feet and two 160 square foot mini executive suites were leased to MBK Tours and Franklin Fox and IPA and Associates and David Wroblicky. Westcott and Theresa McGriff with Emerson negotiated lease renewals in the 5728 Major Center building with Allegiance Insurance Group who occupies 916 square feet and The Law Offic...
Comments 0
ORLANDO, Fla. – Beazer Homes’ (NYSE: BZH) state-of-the-art gourmet kitchen in its waterfront Legacy community model home will get its first—and most challenging—test when the season No. 1 winner of Bravo’s hit series, Top Chef, whips up a cooking demonstration for area realtors Tuesday, Dec. 2. Beazer is using the invitation-only event to debut its SMARTDESIGN™ Chef’s Dream Kitchen, a true workhorse of a space with all the whistles and bells that chefs demand and home cooking enthusiasts aspire to enjoy, at its new home community located just minutes from downtown Orlando. Professional chef Harold Dieterle, who won the inaugural season of the popular Top Chef television series, plans to stir up the audience with his version of the hot reality cooking show while showcasing the many funct...
Comments 0
Interested in how Keller Williams Advantage II Realty may help increase your business potential? At 4pm today, November 13th, we invite you over so that you may learn a bit more about the Keller Williams Way. This is your opportunity to learn how we have such major market share in East Orlando, and to discover how you may have the opportunity to see your business grow as well. If you are unable to attend this afternoon, you are more than welcome to attend any one of our upcoming classes. You will have an Ah Ha moment no matter your experience level! Next week's classes include: 1. Synergy Mortgage: USDA Rural Housing (Did you know the Avalon Park area qualifies for 100% financing?) 2. Real Estate Top 12 Freebies 3. Credit Restoration and Education For more information about the party th...
Comments 0
There are many advantages to buying a proven business buy many people are surprised to learn buying a franchise does not guarantee success    Orlando, FL --  Rick Bisio, franchise consultant and noted author of the book, The Educated Franchisee, recently spoke at a workshop designed to provide franchise information to young entrepreneurs who were considering owning a franchise.  Rick believes that even in today's economy, buying a franchise is a wise choice but one must be aware of the common misconception that franchise ownership guarantees success.   Rick received a huge round of applause from the attendees who were excited to hear him speak. He began, "Purchasing a franchise is safer than starting a new business from scratch.  The whole point of a franchise is that you limit your ris...
Comments 2
By Mark Maupin See Blog Free Investors Training, National Real Estate Investors Network Host
(National Real Estate Network, LLC)
This article was written by Rick Bisio, franchise consultant and noted author.  Rick is a great friend and business associate of mine; he has givin me permission to re post his article.  I hope you enjoy reading this informative article:   Gathering great franchise information and choosing a proven franchise concept is perhaps the best route to successful business ownership.  There are many advantages to buying a proven business but many people are surprised to find out that buying a franchise does not ensure success.  This is a fairly frequent misperception.  This article examines some of the realities - and misperceptions.   Buying a Franchise is Safer than Starting a Business from Scratch. Almost every potential franchisee I talk with has heard this. And it is true. The whole point o...
Comments 0
Gathering great franchise information and choosing a proven franchise concept is perhaps the best route to successful business ownership.  There are many advantages to buying a proven business but many people are surprised to find out that buying a franchise does not ensure success.  This is a fairly frequent misperception.  This article studies some of the facts - and misperceptions.   Buying a Franchise is Safer than Starting a Business from Scratch. Almost every potential franchisee I talk with has heard this. And it is factual. The whole point of a franchise is that you limit your risk by buying a system that is already established. The instruments for success already are in place and there's no need to spend years reinventing the wheel with product, pricing, marketing, and so on.  ...
Comments 1
By David Welch, Real Estate Optimist - #OrlandoRealEstate
(Charles Rutenberg Realty)
The official numbers are finally out. They have not hit the paper yet, but they should show up later today at www.OrlandoSentinel.com. Right now here is how they break down. While sales in October were down compared to September they were 10% higher than October 2007. This year's closed sales were 1,199 compared to last year's 1,090. The flip side of that is the price which are down month over month from $182,000 in September to $178,000 in October. That is a big 24% lower than October 2007's median of $235,000. In case you need help with the math that is an improvement of $57,000. On a 30 year mortgage at 6% interest that is a monthly savings of just over $340.00. The number of pending sales continues to climb with 3,316 properties under contract compared to 1,923 a year ago. Homes sti...
Comments 0
By David Welch, Real Estate Optimist - #OrlandoRealEstate
(Charles Rutenberg Realty)
I was just on the phone with Chip Gregory with Trinity Mortgage here in the Orlando area. We were talking about some of the things that we are seeing in the Orlando real estate market, and what the big drivers are. First, foreclosures and distressed properties have had a big impact on prices and values all over Orlando. Here in Baldwin Park, I was just checking values for a prospective seller. One investment property he owns in the newest section of the neighborhood has actually gone down fairly significantly due to the distressed properties around his. That particular section of the neighborhood was bought up by investors during the hottest time we had back in 2005. Second, first time home buyers are a huge influence on the market right now. Move up buyers are having a hard time sellin...
Comments 0
By Oliver and Devinee Overton-Morgan, Absolut Realty Inc and Property Management
(Absolut Realty and Property Management)
VIZCAYA is a stunning Mediterranean style, 85-acre village in Southwest Orlando, surrounded by three recreational lakes that are ideal for boating, jet skiing, or a relaxing lakeside picnic.  Situated on a lush peninsula amidst Big Sand Lake, Little Sand Lake, and Lake Serene, Vizcaya is winner of six Aurora Awards including Best Residential Development and the Grand Award for Best Single Family Home, and there is a mix of 422 Single Family Homes, Estate Homes, Townhouses and Condominiums to suit every taste and lifestyle.  This superb community is full of amenities, including a manned, gated entrance 24 hours a day, lakefront clubhouse with state-of-the-art fitness center, tennis courts, swimming pool & cabana, lush landscaping and fountains. In this serene setting, you are likely to s...
Comments 1
By Oliver and Devinee Overton-Morgan, Absolut Realty Inc and Property Management
(Absolut Realty and Property Management)
This upscale area of Orlando takes its name from Dr Philip Phillips, a citrus industry pioneer who once owned thousands of acres of orange groves. One of his biggest groves extended from present-day Conroy Road on the north to the south end of the Sand Lake Chain, encompassing all of what is now Bay Hill, Orange Tree, Sand Lake Hills and Turkey Lake Park. Philip Phillips was born in Tennessee in 1874 to a French merchant Henri Philippe and his wife Isabelle. He spent his early years in his native state and later went to medical school in New York. His spirit of adventure and entrepreneurship however made him take the decision to venture South and forgo medical practice.With $5000 from his father he made his way to Florida and purchased his first citrus grove. In the early 1890s a devast...
Comments 0
By Marc Grossman, GRI, Greater Orlando Real Estate Broker
(Marc It Sold!)
The following are the market sales statistics for Orlando, Orange County, Florida for October 2008.  Orlando is made up of a multitude of zip codes.  For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas. A couple of definitions are in order. The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time - in other words, it's the midpoint of sale prices. So basically what this means, is that the median sales price is showing market activity in that it's specifically indicating which price range is more active. The average sales price, as opposed to the median sales price, is the total volume of sold properties divided by the number of prop...
Comments 0
By David Welch, Real Estate Optimist - #OrlandoRealEstate
(Charles Rutenberg Realty)
Check out the link below to an article in the Orlando Business Journal last week. Anthony Crocco Director of Metrostudy's North and Central Florida divisions talks about the new home inventory in Orlando. While housing starts are off significantly compared to last year, the inventory of available new homes is down as well. In fact, starts are off 45% compared to 2007, and the inventory is down by over 37%. Even more dramatic is the drop in lots delivered for building. Delivered lot inventory fell by over 69% to just over 1,000 compared to the third quarter of 2007. Available lot inventory is still a staggering 43,303 representing an 83 month supply at the current pace. http://orlando.bizjournals.com/orlando/stories/2008/11/03/daily7.html?q=metrostudy%20orlando%202008 Official Orlando re...
Comments 5
By Debbie Summers
(Charles Rutenberg Realty )
  Multiple Offers... Really?  The buyers I'm working with were surprised to hear those words come out of my mouth, probably not as much as I was for saying them...  But it is true! In in the midst of a vast sea of short sales...  The Real Estate Market is heating up in the Neighborhoods of Avalon Park & Avalon Lakes in East Orlando. Single family homes priced under $200,000 with 2,000+ square feet are selling in days and sometimes hours.  I haven't seen this in nearly 3 years. Most of the properties that are selling like "hotcakes" are Foreclosures that are in very good condition and less than 5 years old.  I think that buyers are really starting to see these homes become affordable again and are making the move to home ownership.  I've watched three outstanding value priced homes go u...
Comments 27
By Sal Poliandro - Helping People Win, Broker Associate
(RE/MAX Properties)
We are sitting in the airport waiting for our plane. This is probably the first time I have had to sit and relax. We had an excellent time at NAR 2008. Here are my top 10 reasons... 10 Orlando is way warmer than Ridgewood NJ and it rained there the whole time we were gone. 9 Rented a convertible and were like a couple without children (kids were at grandmas house). 8 People from our computer came to life. We met a bunch of active rainers. (I will post a blog with pictures later). 7 Free Stuff... Dawn heard about the flip camera and wanted me to purchase it. I told her to win one at the spinning    wheel at HomeGain's booth. SHE DID!!! 6 Palm Trees as far as the eyes can see! 5 Parties every night (I mean social interactions in a networking kind of way). 4 We saw gas at $1.99 a gallon. 3...
Comments 9
By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
What's Hot and What's Not Week in Review - 11/10/2008 Past Weeks: 10/06/2008 10/13/2008 10/20/2008 11/04/2008 Each week will feature the hottest sales and listings in Orange County and Seminole County, FL. As to not offend anyone we will not be listing the Nots. This week we are showing the most lavish homes in the Orlando Real Estate Market from the east side to the west. Hottest Home of the Week JUST SOLD: This weeks hot home sale is located at 9801 BLANDFORD RD ORLANDO, FL in LAKE NONA. Immediately feel swept away as you enter this opulent residence. Highlights include a formal dining room with custom mural replication, 19th Hole lounge and multiple golf/water views. Entry features custom iron gateway & hand carved mahogany doors. Saturnia marble floors, granite countertops, elegant...
Comments 4
By Christopher Myers, Greater Orlando and Central Florida Real Estate
(Orlando Property Group)
Christopher Myers | Orlando Property Group at Keller Williams | 407-538-0127 1649 LAKE BALDWIN LN, Orlando, FL Spectacular Luxury Townhome! Historic Styling At It’s Best! 3/2.5/2 3BR/2.5BA Townhouse offered at $375,000 Year Built 2007 Sq Footage 2,019 Bedrooms 3 Bathrooms 2 full, 1 partial Floors 3 Parking 2 Lot Size Unspecified HOA/Maint $48 per month DESCRIPTION The "Ashton" is one of the last remaining new townhomes in Baldwin Park. This home's premier location is steps away from Lake Baldwin, Publix, CVS and the boutique shopping and waterfront dining found in the Village Center. Inside, you'll find a light-filled kitchen with an island, stainless steel GE appliances, Uba Tuba granite countertops, and handsome Wellington Cherry cabinetry, complete with a glaze finish, under cabinet...
Comments 0
By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
The fun started this Friday when Claudia arrived at my home downtown Orlando and we headed to the NAR convention at the Orange County Convention Center. We arrived around 10 am with our free expo pass in hand. However the exhibits didnt open til 4 pm. So what would we do. Since we valet parked we decided to walk around a little and scoop things out. Then headed out to Chili's on Apopka Vineland for some lunch. We made it back in time to attend DAvid Meerman Scott seminar on The New Rules of Marketing and PR. It was pretty entertaining and gave me a few good ideas. It also let me know that we are on the right track with my new website and the way I am trying to build my brand. But I should never doubt my genius boyfriend who is a Partner & Creative Director for Push.   At 4 pm on the no...
Comments 4
By Brad Andersohn, ActiveBrad - 707.646.1876
(Retired Executive Director of Education at eXp)
Here in am in Orlando Florida at the NAR 2008 Convention and ActiveRain Gathering.  In a 100 years, I would have never guessed that this is where I'd be creating my 300th post on AR.  Sitting in my hotel room at the Hard Rock Hotel, I just had to write this milestone post.  What will make this post the most unique of all, is that I am building it as I go.  This will be my smorgasbord post of everything ActiveRain at the NAR 2008 event this year.  The CyberProfessionals, The Convention, The Expo, Diamond Dwellings, The AR Party, REALTORS night out at Universal Studios and anything else I can share.  It's all been such a blur, thank goodness for digital cameras and video. This has been one of the greatest times I've ever had.  The memories from this trip will live on for lifetimes in this...
Comments 68
By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
This Pre-Qual worksheet is part of a series of blogs to assist First Time Home Buyers. While this worksheet is by no means meant to replace speaking with a loan officer and obtaining a pre-approval, it might help you understand how the process works and give you a starting point to figure out how much you can afford. Again there are more details that go into a pre-approval and if you would like to get pre-approved for a home loan contact Heather Joubran 407-810-6304. Total gross monthly income:             $_3600_ $___3600_____________    x _____0.31_________% = $____1,116.00_________ (total gross monthly)                        Housing Ratio              FHA allowable toward housing cost $___3600_____________    x _____0.43_________% = $____1,548.00_________ (total gross monthly)     ...
Comments 2
By Rob Arnold, Metro Orlando Full Service - Investor Friendly & F
(Sand Dollar Realty Group, Inc.)
Just 2 short months ago, the City of Orlando was crying the blues because they were so broke that they couldn't afford their 2008-09 budget without raising property taxes by another $30 million.  5-2 the city commission voted to raise the millage rate by 14%.     Then this weekend, I read the following Orlando Sentinel story .  The City of Orlando is building a new fire station headquarters to the tune of $17.6 million. You should see the photos in the newspaper - 60,000 square feet and looking like the Taj Mahal. The fire fighters will probably need to take the shoes off in order to not dirty up this little palace.  And I thought the city had no money.  If the City of Orlando was really this short of funds, they could have put off building this new fire station for 2 or 3 years.  After...
Comments 1
Explore Orlando, FL
Orlando, FL Real Estate Professionals