Lake Mary, FL Real Estate News

By Gary Berkson, ABR, CRS & CDPE
(RE/MAX Central Realty)
FACILITY RENTAL AND CEREMONY INFORMATION In the middle of the City's downtown redevelopment area sits the Lake Mary Events Center located on the shore of West Crystal Lake.  The facility is a perfect place for business meetings | receptions | family gatherings | banquets | retreats and parties. Included are banquet and meeting facilities and the facility can be transformed for a beautiful wedding | graduation party or important event.  Catering services are available. LOCATION AND OFFICE HOURS 260 North Country Club Road Lake Mary, Florida 32746 (407) 585-1490 Office hours are Monday – Friday, 8:00 AM – 5:00 PM. Appointments to make a reservation are available Monday – Friday, 8:30 AM – 4:00 PM.
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By Gary Berkson, ABR, CRS & CDPE
(RE/MAX Central Realty)
The Westin Lake Mary, Orlando North has put together a very special Mother's Day Brunch.  Offering special items for a very special day.  A variety of salads | soups | pasta | seafood | carving stations to name a few.  Deserts | breads and a children's buffet. Mother's day is once a year so take this time to spend time with your loved ones but to remind those special ladies just how special they really are.   Where: Westin Lake Mary, Orlando North 2974 International Parkway, Lake Mary, Florida 32746 When: Sunday May 9, 2010 11:00am – 4:00pm Price:   Adults $47.00 Children 10 to 4 years old $22.00 Children under 4 years old free For reservations please call 407-531-3567 or 321-249-8046
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By Gary Berkson, ABR, CRS & CDPE
(RE/MAX Central Realty)
Alaqua Lakes is a master planned community filled with lush landscaping, prime location and just outside of Orlando Florida.  Just of Interstate 4 or better known as I-4.  The main roads to this upscale community is Lake Mary Boulevard and Markham Woods Road.  Land in Alaqua Lakes comes in a variety of sizes from 1/2 acre to more depending on your needs.  Custom built homes, luxury homes can be found in Alaqua Lakes.  A desireable subdivision in Lake Mary Florida.  Ammenities include a community park, swimming pool and the Legacy club.  These homes are well worth the price.  
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By Gary Berkson, ABR, CRS & CDPE
(RE/MAX Central Realty)
Lake Mary Florida was voted in top 100 places to live according to CNNMoney.com.  Lake Mary is located in Seminole County Florida.  Here's why: Technology companies-Many technology companies have made Lake Mary Florida there home. Small town feel with big city benefits CNN Money Magazine ranked Lake Mary as #1 small town in Florida Growth in communities, business and population makes Lake Mary Florida desirable. Lake Mary Florida is conveniently located to Orlando Florida. Parks, trails, boating and fabulous shops and things to. Lake Mary Florida offers small town feel with big city perks.  If you are considering relocating to Central Florida and would like additional information about Lake Mary Florida contact me!  I live, work and play in Lake Mary Florida. Gary Berkson of RE/MAX Cent...
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By Gary Berkson, ABR, CRS & CDPE
(RE/MAX Central Realty)
The market conditions that many homeowners are facing today have brought to the forefront the immediate need for understanding the importance of seeking competent advice on how to avoid foreclosure.  There is a HUGE difference between life after foreclosure and life without foreclosure! The 5 reasons to avoid foreclosure are: 1.  On any mortgage application the homeowner will always have to disclose they have had a foreclosure. 2.  Credit scores will be lowered by 300+ points affecting the ability to get a car,apartment, credit cards. 3.  A foreclosure is the one credit report item that almost impossible to be "repaired". 4.  Security clearance for military and government personnel could be at risk with foreclosure. 5.  Foreclosure is one of the top items that will put a potential new h...
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By Marc Grossman, GRI, Greater Orlando Real Estate Broker
(Marc It Sold!)
The following are the market sales statistics for Lake Mary, Seminole County, Florida for March 2010.  Lake Mary is made up of the zip code 32746.  For purposes of this analysis we will be 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 prope...
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By Marc Grossman, GRI, Greater Orlando Real Estate Broker
(Marc It Sold!)
The following are the market sales statistics for Lake Mary, Seminole County, Florida for February 2010.  Lake Mary is made up of the zip code 32746.  For purposes of this analysis we will be 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 pr...
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By Debbie Summers
(Charles Rutenberg Realty )
Lake Mary Homes For Sale Homes & Condos for sale:  377Properties listed as short sales: 108 or 29%Bank Owned/REO Properties:  38 or 10% We have seen a stabilization of the inventory of homes over the past 4 months, which is a positive indicator, but there are many homes that are bank owned that are empty and will be resold, also called “Shadow Inventory”, this is an unknown variable that could impact our market in a negative manner.  Currently, distressed properties make up 39% of the available homes for sale in Lake Mary, Florida [up 3% from last month]. Click here to read the rest of the article, Lake Mary Florida Real Estate Market Update...  
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By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
  You can't get your mortgage rates from the newspaper. Last week proved it.  Again. Friday morning, headlines in Florida and around the country read that mortgage rates were down 0.04 percent, on average, since the week prior. A sampling of said headlines includes: US Mortgage Rates Drop For 2nd Straight Week (Reuters) Mortgage Rates On 30-year US Loans Fall To 4.93% (Business Week) 30-Year Fixed Mortgage Rate Falls Farther Below 5% (Marketwatch) The story behind the headline was sourced from the Freddie Mac Primary Mortgage Market Survey, am industry-wide mortgage rate poll of more than 100 lenders.  The PMMS has reported mortgage rate data to markets since 1971 and is the largest of its kind. Unfortunately, Longwood rate shoppers can't rely on it. See, unlike governments and private-...
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By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
According to the Census Bureau, 2.8 million people commute to work 90 minutes or more each day, in each direction. Now, your daily commute may not be as long, but time spent in cars, trains and buses is time away from work and from family. Drive-time can affect a person's Quality of Life and it's one reason why Forbes Magazine's Best and Worst Commutes is worth reviewing. Measuring travel time, road congestion and travel delays in the 60 largest metropolitan areas, Forbes ranks city commutes from best-to-worst with Salt Lake City topping the list and Tampa-St. Petersburg finishing it. The Top 5 Commutes, as compiled by Forbes: Salt Lake City, Utah Buffalo-N...
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By Marc Grossman, GRI, Greater Orlando Real Estate Broker
(Marc It Sold!)
The following are the market sales statistics for Lake Mary, Seminole County, Florida for January 2010.  Lake Mary is made up of the zip code 32746.  For purposes of this analysis we will be 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 pro...
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By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Mortgage rates are dropping this morning on weaker-than-expected Retail Sales data from December. Lower rates means more bang for your home-buying buck. Excluding motor vehicles and parts, December's "ex-auto" sales receipts were down roughly $500 million from November. Analysts had expected receipts to grow. The relevance of Retail Sales to home affordability isn't obvious, but it's definitely logical. Retail Sales is directly related to consumer spending and consumer spending accounts for the majority of the U.S. economy. When consumer spending slows, the economy often does, too. It leads investors to seek out "safe" investments. It's the reason why stock markets often drop on weak economic data -- stocks are among the riskiest investment classes available. Conversely, the best place ...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
Lake Mary Real Estate for Sale What's going on in the Lake Mary Real Estate Market? Lets take a look at a snapshot of the sold market from January 2010.   Total Lake Mary Condos Sold: 17      Price Range: $24,100-$118,000 Lake Mary REO Condos Sold: 10 Lake Mary Short Sale Condos Sold: 6 Only 1 condo was a regular   Total Lake Mary Town Homes Sold:10 Price Range:$109,000 - $308,500 Lake Mary REO Town Homes Sold: 0 Lake Mary Short Sale Condos Sold: 1 9 of the units sold were resale or new construction   Total Lake Mary Single Family Homes Sold: 16  Price Range: $119,000- $465,000 Lake Mary REO Single Family Homes Sold: 6 Lake Mary Short Sale Family Homes Sold: 3   37% of sales in January were REO/ Bank Owned Properties 23% of sales in January were Short Sale Homes 50% of Homes for Sale in...
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By Road House Realty
(Road House Realty)
  Lake Mary is an enchanting small town located in Seminole County in Central Florida. Only 30 minutes away from downtown Orlando, Lake Mary offers its residents an array of delightful restaurants, unique and upscale shopping as well as a wide variety of recreational areas such as lakes and golf courses. Many people in the area enjoy boating and fishing on the larger bodies of water, such as Lake Mary and Crystal Lake, and golf enthusiasts will love the Timacuan golf course, which wraps through the middle of the town. Lake Mary was ranked number four on the Money Magazine's 2007 list of the Top 100 Places to Live in the United States. The combination of the town's economic status, reputable schools, safe streets and sense of community attributed to the city's high ranking. As a result o...
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By Judy Chapman
(Referral Network of Illinois LLC)
These statistics should give you a feel for what’s happening in the luxury segment of the Orlando FL real estate market. Street Date Sold Original List Price Sold Price Beds Baths Sq Ft Pool LANGHAM 12/02/09 $639,000 $515,000 5 4 3444 Y NEW GATE 12/07/09 $789,000 $680,000 4 5 4206 Y REDWOOD GROVE 12/14/09 $549,900 $525,000 4 3 3542 Y EDENHALL 12/21/09 $1,000,000 $680,000 4 4 3223 Y   Properties have been listed and sold by various MLS members. Data drawn from the My Florida Regional Multiple Listing Service.   Common concerns and doubts of all home sellers If the list price of my house is too high, no one will buy. If the list price is too low, I’ll lose money. Since this is a bad time to sell, I’m going to wait for the market to turn around. While I’m waiting, house prices could take a...
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By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy “has continued to strengthen”, that the jobs markets is getting better, and that financial markets are supportive of growth. There was no mention of the housing market's strength.  The last 3 statements from the Fed included that specific verbiage. It’s the fifth straight statement in which the Fed spoke about the economy with optimism.  This should signal to markets that 2008-2009 recession is over and that economic growth is returning to U.S. economy. The economy isn’t without threats, however, and the Fed identified several in its press release, including:.... Read the COMPLETE BLOG POST HERE: A Simple Explanati...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
Lake Mary Luxury Homes for Sale, our office has this amazing luxury estate for sale. You will truly be impressed when you step onsite to your passage to paradise! This is a "One of a Kind" Custom Master Piece! Optional This home is often referred to as a mini resort! Not just a Luxury Estate in Lake Mary, it's a life style! Built to please any waterfront lover!    Home features:   Paved Boat Ramp Offering 7,732 sq ft under roof Thousands of Sq ft of brick pavers including the new boat ramp, screened lanai with jacuzzi & wet bar Tons of outside patios Oversized 916 sq ft garage w/new floor coating & Extra storage Surround sound & Telephone This estate features a seperate room that can be used as a 4 person office or an in law suite, poolside media room or gaming area First Floor boasts a...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
New FHA guidelines were announced earlier this week. Over 30% of all new loans are FHA loans. One of the biggest rules I feel that will impact First Time Home Buyers is the reduction of seller contributions to buyers closing costs. Until recently a seller could give up to 6% the maximum amount of costs a buyer would every experience in closing costs.    Under the new rules which will begin in late Spring or Early Summer is reducing that amount from 6% to 3%. Meaning that as a first time home buyer you would not only have to come up with the 3.5% for your down payment but also another 2-3% in closing costs for a total of up to 6.5% of the purchase price. Ouch!   Because you decide to wait a few months to purchase a home or to see what the market does that waiting could cost you an additi...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
Ok so maybe the money isnt missing, but might be left making more money for the IRS if you missed any tax deductions. Don't leave it up to chance and do your own 1040. With all the new tax laws and incentives out there for people who have recently purchased a home or sold a home, it makes sense to consult a CPA. If you live in the Orlando or Lake Mary area call Gail Joubran, CPA. She has over 25+ Years of tax experience, estate planning and trust and worked for many years as an internal auditor. If you or your company is looking for a CPA (certified public accountant) or auditor make the call to 407-324-6181 the last number you call for all your tax needs. Realtors we are notorious for thinking we can deduct more then we can and I know a few agents who have found themselves audited. Sh...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
Seminole County's down payment assistance programs have always been more difficult then the other counties and more then it needs to be. They choose to go by a different drum. Orange county reaches out to their lenders and Realtors to ask advice when putting together their programs and probably why they go so smooth and help so many families and while unlike Seminole county still have SHIP funds.   I have a client that I have been working with trying to get her all the information and in touch with the right people so we can ensure she can afford a home and receives any down payment assistance that's available. I have worked with Seminole county many times and even just sold the first Orange county NSP home. I know how down payment assistance works. I was shocked with I called to get m...
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