President Obama signed H.R. 3548 November 6th, enacting into law an extension, and adjustment, of the $8,000 tax credit for first-time buyers. (Thanks to the Florida Association of Realtors for this story). Among other things, the extension adds money ...
[Read More] Upside down in your house and can’t afford to sell? Think a short sale might be an option? Here’s someone who can help! My preferred mortgage broker Cindy Hall from Mortgage Solutions is working with a local company that specializes in loan ...
[Read More] Call it another good sign the housing market has turned a corner. I noticed today, for the first time in a long time, that the number of pending sales are outnumbering the number of new listings in the areas of Windermere, Dr Phillips, and even MetroWest. ...
[Read More] Rarely do we use the words Isleworth and bargain hunters in the same sentence ... but, those looking for a great deal in Central Florida's most exclusive community better act now! Bids are now being accepted for a 4,785 sq foot home, currently on the ...
[Read More] Banks are backing away from short sales, forcing sellers to pay extra at closing or demanding a promissory note for the amount due. One-third of borrowers owe more on their mortgages than their properties are worth, according First American CoreLogic. ...
[Read More] Check this out: - Mortgage rates for Aug. 2009 are at 5.25 percent, down from 6.5 percent the same time last year. - Affordability remains favorable with the median mortgage payments requiring just 16 percent of the average income. - Home sales are up ...
[Read More] Have you heard? The market is stabilizing – and we’r e seeing evidence of it across the board. The Standard & Poor’s/Case-Shiller home price index of 20 major cities shows the first monthly increase in almost three years. In Orlando, ...
[Read More] Thanks to Realtytrac for this: BARGAIN HUNTERS SEE BOTTOM Ask a group of real estate millionaires how they made their money and most will recite some version of this axiom: “When everyone zigs, you zag.” In today’s downward real estate ...
[Read More] This is what many of us have been waiting for! Check out this article in the June 30th Orlando Sentinel: Florida offers help to some with home down payment By Mary Shanklin Sentinel Staff Writer June 30, 2009 Starting Wednesday, Florida hopes to stoke ...
[Read More] Thinking about selling your house? Then list it now! There are several reasons why- I’m going to give you three- with the biggest being the usual one: school starts soon and that brings an end to the traditionally busy selling season. Many buyers ...
[Read More] I was listening to a colleague on the radio yesterday talk about the local real estate market and what he is seeing “out there” – from trends in what clients are saying to frustrations everyone in our business is experiencing with short ...
[Read More] Lots of people have been waiting to learn whether they can use their $8,000 First-time Tax Credit upfront. Well now we know the answer: yes and no. Yes you can use it up front but no it cannot substitute a down payment. Read more: ____________________________ ...
[Read More] So you've heard that bank-owned deals are just too good to pass up. And in many instances, that is true. But if you've heard that bank-owned homes in our area are selling for 50-cents on the dollar, well that's not really the case. (They may ...
[Read More] This is a great story on home auctions that appeared in the St. Petersburg Times.... and I can testify from my own experience with auctions, this is EXACTLY right on! Obviously some houses are selling - or the auctions wouldn't be in business - but ...
[Read More] This week the Italian automaker Fiat agreed to take a 35 percent stake in Chrysler – the struggling automaker forced to seek a federal bailout in order to simply survive. From the New York Times: “ The speed and terms of the Chrysler-Fiat talks ...
[Read More] Need further proof that now is a great time to buy? On top of the new $8,000 tax credit for first-time homebuyers, the following article illustrates the tax benefits buyers stand to gain if they take advantage of the current market opportunities. (Thanks ...
[Read More] My office just put this informational sheet out to all agents tonight .. but it's good info on bank-owned properties. Especially worth noting is the part that the most recent bank-owned homes selling for 96% of current list price. Enjoy! _____________ ...
[Read More] For those people still wondering if they should buy their first home, consider these interesting pieces of information I just came across: 1. To stimulate the economy, Congress has passed a tax credit of up to $8,000 for first-time buyers. The tax credit ...
[Read More] First-time buyers looking for a Windermere address at bargain basement prices: you heard it here first: you're likely too late!! Seriously. If what just happened yesterday is any indication, prices are headed up. A bank-owned home in Summerport just ...
[Read More] The other day I received a check in the mail for $2,257,09. Big deal, right? Well maybe not a big deal, but it was the result of an 11.25% return on just one of the many delinguent tax certificates I purchased last May in Orange County’s tax deed ...
[Read More] Perhaps it’s the $8,000 first-time tax deduction courtesy of Mr. Obama (?!!?) Just in the last few days, I have seen a ‘bottoming out’ in many neighborhoods around here. While some homes are still overpriced, the lower priced homes are ...
[Read More] Everyone wants to know: "Where's the bottom of the local real estate market?" I'm going to go out on a limb here and say, based on what I'm seeing, "it depends." In some neighborhoods, I think we've already hit it. Note, ...
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