Kissimmee, FL Real Estate News

By Mark Horan, "The Resident Chef" - Resident Team Realty LLC &
(Resident Team Realty, LLC & Toni's Property Management LLC)
How Long Will It Be Until The Banks Open The Flood Gates. Banks are holding back bank owned properties to keep property values from plummeting. By hold 70% of the bank owned foreclosure off the market, the banks are slowing the depreciation of American home prices. The inherent problem is that the pipe line is filling faster than the bank owned properties are selling. By controlling the Real Estate market bottom, they are limiting the lose that they getting from the foreclosure crisis. I do see the dike springing a leak and the release of many bank owned properties are going to make a buying Fiorenze from the great deal we are going to see. I don't see prices of the foreclosures getting that much better, but the amount that is going to be sold will affect the median home price to drop. ...
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Original Content from www.ThePinkFlamingo.info When considering the investment of a piece of Disney area real estate to use for a vacation home or short term rental your number one consideration when buying shouldn't be which neighborhood you think is the coziest or which house has the nicest window treatments but rather which home is going to bring me in the best return on bookings.  I'm going to profile seven of the most booked Disney area neighborhoods based on my experience working in the short term rental business. Lake Berkley -Kissimmee, FL If this isn't the most booked out community in Kissimmee I don't know what is.  The homes in this community were averaging 30-40 solid booked weeks per year.  Alot has changed in the economy over the past year however I don't think this neighb...
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If you're in the market to invest in a sunny vacation home near Disney World in Orlando,Florida then lets talk money.  These are five of the most common expenses that you could and most likely will incur when you own a vacation villa near Disney and use it for short term rental use.  These are NOT your settlement expenses but rather your recurring expenses associated with ownership. (For information on vacation home settlement expenses please contact us directly for a free quote) 1. Orlando Property Management (Villa Management) Fees If you live outside of the Disney area (within a few hours or more) than management is a must in my opinion.  They rent out and maintain your Disney area vacation villa, condo or townhouse for you. Cost To You: $150 and up per month 2. Orlando Resort Commun...
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Photo Courtesy of Darwin Bell from Flickr.com Originally Posted at: www.ThePinkFlamingo.info So you want to purchase a holiday villa here in the states and your plan is to buy it and rent it out to short term renters while your not using it. You have it all figured out, your estate agent has got you all excited about how you’re going to receive a cash flow on the property and it will pay for itself. I hate to be the one to tell you this but they lied to you. It’s one of the biggest myths you are going to hear when you come to Florida to buy a vacation home.  Realtors and management companies often tell you this because they want to make the sale and they think it’s what you want to hear. It may be what you want to hear but it’s simply not usually true. When you turn your property over ...
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By Mark Horan, "The Resident Chef" - Resident Team Realty LLC &
(Resident Team Realty, LLC & Toni's Property Management LLC)
Yes in the current market here in Kissimmee and Saint Cloud , Florida Investors are reaping large rewards. With home prices at a 10 year low it is actually possible to purchase a home and have positive cash flow from your investment. The next two years are going to produce a large amount of future wealth. The past 10 years prices were so high that the rent rolls didn't cover the mortgage amount. That has changed and the investors are here reaping the benefits. For a list of Bank Owned Properties click The Resident Team's  link below and request yours today!  
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By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
Foreclosed Mansions 1 Mil+Foreclosed Holiday Homes Near Disney  WILL YOU SEND US ADDITIONAL PHOTOS OF THE PROPERTIES THAT INTEREST US?  Of course.  After you have "proofed".......... Some of the property details you receive will have numerous photos attached and some may only have one. In most cases we are NOT the agent for the Sellers and have no control over what information they may or may not make available.  Due to the tremendous interest in these Florida foreclosures we do not go out and take additional photos unless the Buyer has "proofed". What this means is we need to see proof of funds prior to sending our photographer out to take additional photos. This proof of funds can be either a bank statement or letter of credit from your banker. The account balance MUST be stated in U...
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By Mark Horan, "The Resident Chef" - Resident Team Realty LLC &
(Resident Team Realty, LLC & Toni's Property Management LLC)
I successfully negotiated another short sale yesterday. The second lien holder Wells Fargo agreed to release the lien for the contract amount of $13,000. But, they will not release the note of $85,000 dollars. They won't stand in the way of the short sale, but they are holding the homeowner to the fire on the second mortgage. This is the second time that I have seen this in just a week. They are forcing homeowners that are distraught to file bankruptcy by not releasing the note. And they are not budging. It use to be that they were only asking, but now they are demanding. Again the arena of Shorts Sales is ever changing.    
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By Rick Belben, Orlando Real Estate - Belben Realty Group
(Belben Realty Group)
Kissimmee Homes For Sale -- Great Deal only $135KLocation: Heather OaksHome features NEWER Roof and AC unit. Kitchen has New Cabinets, Corian Counter tops & New Appliances. Wood Burning Fireplace in Family Room. Large Fenced Back Yard with Fruit Trees. Great Location close to Theme Parks, Valencia Community College, Shopping & Dining! 2nd bedroom is 22x10 which was converted from 2 bedrooms to One Huge Bedroom. Living Room can easily be made 3rd bedroom.Lots of Home for the Money. Nothing to do but Bring Your Furniture.Located on a Cul-De-Sac. NO HOA!!InformationContact InformationRick BelbenRick57sellshomes@aol.com(407) 341-1706Contact Reply FormForward to a FriendView Other FlyersPricingPrice: $175,000.00Property Location1574 Weeping Willow CtKissimmee, FL 34744View MapLinksVirtual To...
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Generally, foreign national do not incur any additional costs for purchasing and owning property than do U.S. citizens or legal residents. However, a few special rules apply, and you should be aware of their financial impact. Obtaining a Mortgage Loan Higher standards are applied to Foreign Nationals who wish to finance their home purchase. You can expect to obtain a loan of between 60 and 75 percent of the purchase price. Also expect additional loan-related costs totaling between 3 and 6 percent of the loan amount. More favorable loan terms are given if you intend to use the property as a personal residence for you or family members rather than as an investment property leased to tenants. County Property Taxes Owners of residential property are required to pay property taxes to the cou...
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By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
OK folks, here's my year end market report for 2008. You read the papers and you watch the news. You hear all of the predictions and how bad things are. It's very depressing!!! BUT....Real Estate is very very local. This report is very specific to Poinciana Florida. It has nothing to do with real estate in other areas. Some areas are better and some areas are....well....let's just say some areas are better. If there are any that are worse please let me know. OK here goes........... (INFO COMPILED FROM THE MID-FLORIDA REGIONAL MLSSEARCH CRITERIA: ACTIVE 34758,34759 SUBDIVISION POIN)  2008 MONTH NUMBER OF CLOSINGS AVERAGE SALES PRICE MEDIAN SALES PRICE 2007 MEDIAN SALES PRICE JANUARY 20 $141,847 $137,000 $225,000 FEBRUARY 26 $154,094 $152,000 $202,900 MARCH 35 $137,403 $131,230 $196,000 ...
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By Richard Shuman, Real Estate Broker - Orlando Area - Love Referrals
(The Only B.S. I Have is from the University of Massachusetts)
  Investors & First-Time Buyers are back looking for bargains in Florida! We actually have seen a sharp increase in buyers over the past few weeks. Not that the holidays are over, rates are down and the number of bargain homes increase, THEY'RE BACK!!! Not the same bunch of buyers as in 2005 and 2006 but it seems to be new ones. Sick of seeing their STOCKS PLUNGE. It only makes sense to get in the game with REAL ESTATE. Pay cash or put down as little as 3.5% with a 580 Credit Score if you qualify!   We are also seeing most of our clients get approved for a loan. As long as they meet the new guidelines  including but not limited to proving their income and either having a down payment or receiving a gift for the down payment. Real Bargains are receiving multiple offers again! Search for ...
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By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
OK so TLW told me I really need to re-post my annual Martin Luther King Day post. I agreed. I also feel that Martin Luther King Jr would be a very happy man tomorrow when we get our first black President. We've come a long way since my days of growing up in the deep south. Here's a little story from my past written and posted first in 2007. Today, we celebrate Martin Luther King day. Where do I begin to write a post about this? First, I need to let you know that I grew up in the deep south as a son of a Lutheran Pastor. My formative years were the early sixties and during this time I lived all over Alabama, Mississippi, Georgia and South Carolina. Racism was alive and well in the little towns I grew up in. I can remember marching with MLK in Foley Alabama and the "good ole boys" throwin...
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By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
Once I received an offer for one of my listings. Came complete with a copy of an escrow check, a two week closing, more than full price, request for 6% closing costs contribution and the notorious unsigned "pre-approval" letter from "Eddie". Well being the professional Realtor that I am the first thing I do is pick up the phone and give good ole' Eddie a call. I figured I had best ask him about this 6% seller contribution on a conventional loan. Also, thought it might be nice to find out who Eddie is and who he works for. Well Eddie it turns out IS a Mortgage Broker and is ready and excited about getting a loan closed for these Buyers. Seems they were under contract before but the deal didn't close. Something about the Seller. Anyway, Eddie being full of knowledge and very helpful told ...
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By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
OK this is a follow up to my post yesterday. I received this email: You are right Bryant, I should not work with 2 realtors at the same time and got a bit excited after reading your blog. It occured to me you are more than an average realtor (broker/listed agent) and may get few properties ahead of everyone else and sometimes yet to be listed in MLS. There are few foreclosure specialists in Chicago area that work on fee based service. Please don't think otherwise but appreciate if you can clarify the following:   If you are like anyone else, what advantage does a buyer have in hiring you to acquire an REO? What is this retainer for? I can see some buyer advantage in short sales but for REOs I don't see any. Am I missing anything?? END  MY RESPONSE Hi there,   OK so I like the part about...
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By Rick Belben, Orlando Real Estate - Belben Realty Group
(Belben Realty Group)
Kissimmee Home For Sale -- Great Deal 1751 sq ft NEWER Roof and AC Unit Remodeled Great Condition NO HOA! $135,000 Click here for more Info and Photos Search all Orlando MLS Listings Orlando Real Estate Rick BelbenAmerivest Realty of Central Florida(407) 341-1706http://www.RickSellsFlorida.com Experience Matters Call Rick Belben Today! One Call Does it ALL!
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By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
Hi Folks. Brian Brady wrote a featured post yesterday and my comments started going off on a rant about short sales so I decided I best write a post to voice my opinion. Let me say that whether you like short sales, want to do short sales or want to avoid short sales, they are here to stay. Short sales are a major part of the market and in my opinion will become even more so. Lenders WANT to do short sales. A successful short sale cuts losses and keeps the lender from owning a declining asset.  This post is about taking control of the short sale situation from the get go, knowing what we are doing, preparing the Seller in advance of what to expect and being strong enough in our negotiation skills so we do not have to accept whatever bone the banks want to throw us. Here are a few of my ...
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By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
Hi folks. It seems like only yesterday that we started hearing about short sales, foreclosures and financing issues. That's why I was a little surprised when I fouind this post that I posted in December of ........2006!!!!! No wonder I'm tired. Three blind mice, three blind mice......blah blah blah. Lately, as anyone knows who has been reading my Blog, I have been dealing a lot with short sales and pre-foreclosure listings. Since I am not an attorney and cannot give legal advice, I always recommend to these Sellers, that they seek competent legal counsel. Most do. In addition to this, I give them my opinion, about what a short sale may do to their credit and the possibility of the amount of the "short" being treated as income, for tax purposes, and/or being attached to them as a persona...
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By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
Typical REO in my area. Hi folks, I have to say that my job right now sure is a lot harder than it needs to be. With over 85% of the closings in my area being either banked owned properties (REOs) or short sales it has never been more difficult to get a simple real estate deal to closing. Someone, please tell the Banks that selling real estate is NOT brain surgery!!!  It works like this:  You have a property you want sold. You list it "for sale". A Buyer comes along wanting to buy. A deal is negotiated. Then all parties proceed towards closing.  Simple. In fact it's so simple a caveman could do it, unless.....the Seller is a bank. Then we have to do things like this....  To whom it may concern,  After numerous attempts to sort out major inspection issues and after having sent over seve...
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By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
  What goes in the Hardship Letter?    This outline will help you prepare your hardship letter. The sample answers are to assist you NOT to just be copied. Your hardship letter should only contain facts. Just be honest. Your goal is to explain to your Lender why you can no longer make the payments for your property. This letter should be handwritten and legible.  TO: Countrywide Mortgage FR: Paul and Suzie Helpus RE: 1234 Lost Value Ave. Poinciana FL 34759 LN#: 34578903 First Paragraph-Explain what you want    We are requesting that you approve us for a short sale of our loan with your Company. We are no longer able to make the payments and have been trying hard to sell the property. We love our home but due to circumstances beyond our control we are no longer able to pay for it.   Sec...
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Press Release FOR IMMEDIATE RELEASE CENTURY 21 Premium Properties located at 720 Celebration Avenue, Suite 100, Celebration, FL Receives 2008 Best of Kissimmee Award U.S. Local Business Association's Award Plaque Honors the Achievement WASHINGTON D.C., November 24, 2008 -- Century 21 Premium Properties has been selected for the 2008 Best of Kissimmee Award in the Real Estate Agents category by the U.S. Local Business Association (USLBA). The USLBA "Best of Local Business" Award Program recognizes outstanding local businesses throughout the country. Each year, the USLBA identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through servic...
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