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] Open Houses are yet another way to show listed properties to potential Buyers who may be identifying communities where they wish to purchase their new home. This Open House will be held from 1:00pm - 4:00pm on Saturday, August 29, 2009. If you are looking ...
[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] New Stimulus and Stability Plans Equal Opportunities! Over the past few weeks, we've seen the birth of unprecedented stimulus plans and legislation that impact the housing and home loan industries. The provisions of these plans could have huge implications ...
[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, ...
[Read More] This past week, I spent 4 beautiful days in Murphy North Carolina and surrounding towns. It is located in the SW corner of North Carolina, north of Georgia and east of Tennessee. In fact, we flew from the Sanford-Orlando airport to Chatanooga and drove ...
[Read More] Blog Posts In The Preserve at Lakes of Windermere
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