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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...
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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...
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
As you may know, the January 29th 2008 Presidential Primary election Voters said ‘Yes on 1' Property Tax Amendment 1,  Which lowers property taxes statewide. The property tax amendment  allows buyers to take their Save Our Homes tax savings with them when they move. One of these changes allows homestead property owners to transfer up to $500,000 of their Save-Our-Homes benefits to their next homestead. What is Portability?Portability             The ability to transfer the benefit of the homestead property assessment limitation (defined in FS 193.155) described as the dollar value difference between market value and assessed value, or a percentage thereof, from an existing homestead to a newly homesteaded property.               MARKET VALUE(MINUS) ASSESSED VALUE               =   PORTA...
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By Marc Grossman, GRI, Greater Orlando Real Estate Broker
(Marc It Sold!)
This possibly should be titled Central Florida - Arts & Culture because the Greater Orlando area encompasses more than just the City of Orlando when you talk about a subject such as this.  We ain't New York City, but we do have culture and attractions here other than Mickey Mouse, Shamu and Jurassic Park.One would be quite surprised of the amount of Fine Arts and Culture that can be found in the Greater Orlando/Central Florida area.  We have the usual trappings of most large cities.  You'll find the theater, ballet, opera, museums, music, botanical gardens, festivals and the list goes on.  As I'm preparing this article, I'm realizing that I will only be able to touch upon many of the main attractions even though the others carry a great weight as well.  The Orlando Museum of Art located...
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
Are you in the market for a Central Florida home for sale? Or are you looking for a Central Florida real estate agent to sell your home?Central Florida Real Estate Specialist and sell 1 home every 3 weeks. Will yours be next?Buyers - Free MLS Search and Area InformationSellers - Free Home Value Report and Marketing ProposalPlease Visit Our WebsiteJerrySellsOrlando.com Or call us  407-580-7011We sell Single Family Homes, Holiday Vacation Villas, Luxury Estates, Land, Commercial Property, Hotels, Condominiums, Retail Sites, Office Buildings, New Home Construction, Lofts, Retirement Communities, Executive homes, Custom Home Builders, Master Planned Developments, Gated Community Residences, Golf Course Resort Homes, Re-sales, and Investment Properties.We serve Buyers, Sellers and Investors....
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By Jerry LaRose, ABR, GRI, e-PRO, CLHMS
(Keller Williams Classic Realty)
Florida voters are at the polls today voting on the proposed property Tax amendment.Orlando Florida-  Today is more than just Super Tuesday in the Presidential Primary Election and local elections here in Orlando Florida.In the state of Florida we have another big issue that will get decided on by Orlando residents - it is Florida Constitutional Amendment 1 that has 4 components that will affect our future property taxes if it passes with 60% of the voters voting YES!Provision #3 is the one most of my real estate investors and second home owners are watching since it will provide much needed help to our non-homestead Orlando property owners. Remember when you vote it's ALL or NOTHING! If the Amendment passes it will be retroactive to January 1, 2008. So I will give you an overview of th...
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
 Florida voters are at the polls today voting on the proposed property Tax amendment.Orlando Florida-  Today is more than just Super Tuesday in the Presidential Primary Election and local elections here in Orlando Florida.In the state of Florida we have another big issue that will get decided on by Orlando residents - it is Florida Constitutional Amendment 1 that has 4 components that will affect our future property taxes if it passes with 60% of the voters voting YES!Provision #3 is the one most of my real estate investors and second home owners are watching since it will provide much needed help to our non-homestead Orlando property owners. Remember when you vote it's ALL or NOTHING! If the Amendment passes it will be retroactive to January 1, 2008. So I will give you an overview of t...
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By Jerry LaRose, ABR, GRI, e-PRO, CLHMS
(Keller Williams Classic Realty)
Orlando Home For Sale, 14 Vanna Ct. Just ListedCounty: Orange County Zip Code: 32807-6193 Price: $200,000 Low Price: Bedrooms: 3 Baths: 2 SqFt Heated: 1,315 Year Built: 2000  Property: One Story, Single Family Home ADOM: CDOM: 0 Location: Close to Bus Line, Cul-De-Sac, In County,In City Limits Great Location - Great Value, Hurry Won't Last at this Price! Minutes from downtown. Tile roof, Great one owner home, well maintained home with Pond view. Perfect for the first time buyer. Great community easy access to408, airport, Valencia and UCF. One Year Home warranty will be provided by Seller to Buyer. Other neighborhood homes have sold for $40,000-$50,000 more.  Hurry to get this GREAT Price.  This home won't last!
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
Orlando Home For Sale, 14 Vanna Ct. Just ListedCounty: Orange County Zip Code: 32807-6193 Price: $200,000 Low Price: Bedrooms: 3 Baths: 2 SqFt Heated: 1,315 Year Built: 2000  Property: One Story, Single Family Home ADOM: CDOM: 0 Location: Close to Bus Line, Cul-De-Sac, In County,In City Limits Great Location - Great Value, Hurry Won't Last at this Price! Minutes from downtown. Tile roof, Great one owner home, well maintained home with Pond view. Perfect for the first time buyer. Great community easy access to408, airport, Valencia and UCF. One Year Home warranty will be provided by Seller to Buyer. Other neighborhood homes have sold for $40,000-$50,000 more.  Hurry to get this GREAT Price.  This home won't last!
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
 Price: $189,900  Bedrooms: 3 Baths: 2 SqFt Heated: 1,536 Year Built: 2005  Property: Ground Floor Unit, Townhouse  Corner Unit, End Unit, HUGE PRICE REDUCTION-BARELY 'LIVED IN - LIKE NEW" CARRIAGE HOME IN A GATED COMMUNITY OVERLOOKS POND VIEWS AND COMMUNITY POOL.  BEAUTIFUL FIRST FLOOR PLAN IN END UNIT, NO STAIRS TO CLIMB. UPGRADED LIGHTING FIXTURES & FANS. BONUS ROOM THAT IS GREAT FOR AN OFFICE/STUDY OR 3RD BEDROOM. YOUR CENTRALLY LOCATED KITCHEN FEATURES A BREAKFAST BAR, ENDLESS CABINETS, A CLOSET PANTRY, 42' CABINETS, ALL GE APPLIANCES & MUCH MORE. YOUR OWNERS RETREAT ALSO INCLUDES A GARDEN TUB & A HUGE WALK-IN CLOSET. PREMIUM LOT W/ MANY UPGRADES. CLOSE TO VERANDA PARK AND METRO WEST GOLF COURSE. BEAUTIFUL COMMUNITY POOL & TENNIS COURTS. A MUST SEE
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
 Price: $499,900  Bedrooms: 4 Baths: 3/1 SqFt Heated: 3,310 Year Built: 2005 Pool: N,  PRE-FORECLOSURE, PRICE REDUCED FOR QUICK SALE and/or SELLER WILL CONSIDER LEASE PURCHASE. Never occupied. Like-New in Gated community. Engle Home Kingston Plus Model.  Granite counters, Stainless Steel upgraded appliances, 18x18 tile, downstairs Mastersuite, premium WATERFRONT lot with view of Fells Cove. Spacious upstairs bonus, 3 car garage. Lots are surrounded by natural beauty and a true sense of privacy with lake frontage behind you and a large conservation area directly across the street. Only 6 minutes from the new Lake Nona medical cluster, which includes the Burnham Institute, UCF Medical School, VA Hospital, and research park.
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
  407-580-7011  ML#  O4824029 12749 HOLDENBURY LN, WINDERMERE County: Orange County Zip Code: 34786-6621 Status:  List Price: $359,000.00 Sub Name: LAKES OF WINDERMERE PH 1 Low Price: Bedrooms: 4 Baths: 3 / 1 Sq Ft Heated: 2960 Year Built: 2004 Pool: N MH Width: Property: Single Family Home ADOM: Total Acreage: Up to 10889 Sq. Ft. Water: N Type/Name: Location: In County Virtual Tour: FANTASTIC DEAL in highly sought after Windermere. Owner Re-Locating MUST SELL!  Impressive kitchen - family room: 42" cabinets, granite counter top work island,  glass top range, side-by-side stainless steel  refrigerator, separate butler pantry plus walk-in pantry. Formal Living and Formal Dining Rooms . 2nd floor loft   Bonus Room. Master suite features tray ceiling, oversized bath with garden tub, separa...
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
 14730 MASTHEAD LANDING CIR, WINTER GARDEN County: Orange County Zip Code: 34787-4722 Status: List Price: $425,000.00 Sub Name: STONEYBROOK WEST UNIT 5 Low Price: Bedrooms: 4 Baths: 3 Sq Ft Heated: 2835 Year Built: 2004 Pool: Y  Property: Single Family Home ADOM: 1 Total Acreage: Up to 10889 Sq. Ft. Water: Y Type/Name: Water Access Location: In County Virtual Tour: Great Price under $150 per sq.ft. Want it for Less?  Make an Offer.  Big House with a Heated Pool for a small price. You've waited long enough, Here's the deal!    Wonderful Golf community of Stoneybrook West, features a 24 hour Guard Gated community. Beautiful patio extra large deck and heated pool is perfect for Entertaining! Stoneybrook West community offers Resort-Style Amenities - Guard Gated, Basketball & Tennis Courts,...
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
The Fed expects banks to reduce the interest they charge their customers.Q: Why did the Federal Reserve lower interest rates?A: The federal funds rate is the interest that banks charge one another for overnight loans. When the Fed raises its target for that rate -- the rate itself is actually set each day by the open market -- it tends to slow the economy, because everyone's money costs more to borrow. When the Fed lowers its target rate, it has the opposite effect. So by cutting the cost of the money banks borrow from each other, the Fed expects the banks to reduce the interest they charge their customers, who in turn can spend or invest the savings, which should stimulate the economy.Q: Will the rate cut lower the cost of a mortgage?The interest on fixed-rate mortgages is tied to long...
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
Readin', ritin' and rithmatic.That just about covers the learning that someone needs to know (as long as you live in the "holler"). But homeowner associations have their own version of the Three Rs called Rules, Regulations and Resolutions. These are the policies and procedures that define the standards of the community. They must comply with state and federal law. For example, the board cannot enact a rule that violates Fair Housing Act.Rarely if ever are the Three Rs clearly or fully defined in the governing documents. That is by design to allow flexibility and customization. Amending bylaws is tedious and difficult. The Three Rs can usually be modified as needed by the board. The board may use either rules and regulations or resolutions to accomplish this goal. So what's the differen...
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
Just wanted everyone to know that last night my wife and I visited the new Village Tavern in Orlando at the Mall of Millenia.  Well, The atmosphere, food and service are absolutely fabulous. I highly recommend it. It's a great new Orlando Restaurant and you must try it. Right at I-4 and Conroy. Valet parking is available. average dinner cost $15-$24.  You must try the dessert sampler as a dessert. it's wonderful. Enjoy
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
Elections in Florida are this coming Tuesday the 29th of January 2008.I have listed for you several sites that I believe are very informative and should help you answer any question you or others may have. I have also included a link which provides a campaign poster that you can copy and distribute. Also, please don't forget, as registered voters in Orange and Seminole Counties, you can vote early or by absentee. Listed below are the links for the Orange and Seminole County Supervisor of Elections' office.Orange County Supervisor of Elections:  http://www.ocfelections.com/Seminole County Supervisor of Elections: http://www.semcoelections.org/en-usFrequently Asked Questions: http://www.floridarealtors.org/LegislativeCenter/TopInitiatives/upload/reformfaqs112107.pdfCampaign Poster: http:/...
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
Nearly twice as many people face losing their homes in Central Florida this year compared with 2006, many of them borrowers struggling to repay adjustable-rate loans or investors unable to sell in a glutted market.Through the first eight months of 2007, more than 11,000 homeowners in a seven-county area in and around Orlando have entered the foreclosure process by defaulting on their mortgage payments -- 85 percent more than all of last year.An Orlando Sentinel analysis of public records gathered by RealtyTrac Inc., which sells foreclosure data online to prospective home buyers, found the problem cuts across differences in income, race, ethnicity and geography:Osceola County has been hit hardest in the region, with more than triple the number of defaults so far this year compared with ...
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By Office Manager
(www.appraiserking.com, LLC)
We are a Florida Appraisal Company based in the Orlando Metropolitan area, and offer residential appraisal services within this and the surrounding Central Florida region, including the following Counties Polk County Property Appraiser Seminole County Property AppraiserLake County Property AppraiserOrange County Property AppraiserVolusia County Property Appraiser If you need an appraisal give us call to discuss the assignment or visit us at http://www.appraiserking.com/
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By Judy Chapman
(Referral Network of Illinois LLC)
According to Lawrence Yun, Chief Economist for NAR Research, in his January 2008 Commentary, there are several reasons why buyers have been hesitant getting into the real estate market. They are -- Buyers fear a further drop in home prices due to foreclosures and inventory glut. Buyers are waiting for lower interest rates. Subprime lending has virtually disappeared, making it difficult for first-time homebuyers from getting into the market. Jumbo loans have stopped functioning, making it difficult for affluent homebuyers to step up to more expensive homes. Since Yun’s commentary--which only came out only a short while ago --there have been positive developments. Inventory levels are going down ... not much, but at least in the right direction. Rates on 30-year fixed mortgages went down ...
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By Office Manager
(www.Appraiserking.com , LLC)
If you are in need of an appraisal anywhere in central florida please feel free to visit www.appraiserking.com we appraise property in polk, semiole, osceola, volusia, orange and lake county. If its an appraisal you need, visit us indeed. Or call us toll FREE (888) 826-0551 NOW!
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By Jennifer Staubly
(Charles Rutenberg Realty)
Audubon Park is conveniently located about 2 miles from downtown. The community is central to I-4, 408, and 417. It is in the city limits of Orlando. The neighborhood is home to Mitchell Nutter Park and Songbird Park. Lakefront homeowners are able to enjoy Lake Cay Dee, Lake Shannon, and Lake Druid. Homes in the neighborhood are generally built in the 1950's.  They range in size from 2 bed/1 bath and up.  Prices range from the high 100's to over 500,000.  The neighborhood is conveniently located to Fashion Square Mall, Baldwin Park, restaurants, drug stores, gyms, etc. The location is fabulous.
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