tag:blogger.com,1999:blog-49648043787910871212024-03-13T13:31:32.178-04:00Destination Central FloridaProviding a superior level of informed, professional real estate services to Buyers and Sellers in the greater Central Florida area, including: Celebration, Kissimmee, Orlando, Windermere, Hunters Creek, Winter Park, and much more!Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.comBlogger69125tag:blogger.com,1999:blog-4964804378791087121.post-91917963208236845552009-10-05T13:53:00.001-04:002009-10-05T13:53:51.647-04:00BOA short sale update….how they work<p>I submitted 2 files at the same time. One file is being placed with a phase 2 negotiator already, but the other file has had several issues. They closed out the file for no reason other than to tell me the offer price was too low. When I asked how they came to that conclusion (because I know a BPO was not completed) they quickly informed me they would re-open the file. </p> <p>Here is a quick update on the phases: <br />Upload the documents to BOA – always CALL first and confirm where to fax. As the number does change from week to week. <br />Phase 1 negotiator – could take up to 15 days to assign, once assigned the phase 1 negotiator will review and make sure all the necessary documents are with the file and order the appraisal/BPO. <br />Phase 2 negotiator – once the phase 1 negotiator sends to phase 2 (takes 3-5 days to assign) then they review the numbers on the HUD and decide what they will or will  not pay. <br />Then once phase 2 is completed it will go for investor review and PMI review (if applicable) <br /></p> <p>How they work? This is still TBD. But I will say the process seems to have improved over the last several months. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-50073690279136432272009-09-30T21:33:00.001-04:002009-09-30T21:33:37.988-04:00Financing for condominiums….the challenges<p>Many of my customers are experiencing problems with obtaining financing for condominiums. So I wanted to share some information from the lenders I work with. </p> <p>You can check for approved condominiums on two websites: <br /><a href="https://www.efanniemae.com/sf/refmaterials/approvedprojects/">https://www.efanniemae.com/sf/refmaterials/approvedprojects/</a> <br /><a title="https://entp.hud.gov/idapp/html/condlook.cfm" href="https://entp.hud.gov/idapp/html/condlook.cfm">https://entp.hud.gov/idapp/html/condlook.cfm</a> </p> <p>My loan officer at Chase: Unless the condo is <a href="https://entp.hud.gov/idapp/html/condlook.cfm">Fannie Mae approved</a> & the investor ratio is less than 25%, they cannot finance.  Cash or seller backed financing may be the only way to go for them.</p> <p>From my contact at BOA, the following information is straight from their policy and procedures manual.  It is very specific as to what qualifies and what doesn't.  </p> <p><b>For attached non-owner occupied subject properties only</b>, at least 51% of the total units in the project must have either been sold or must be under contract to be sold to owner-occupied primary residences or second home purchasers.</p> <p>· All units, common areas and facilities in the project are 100% completed, and the project is not subject to additional phasing or annexation.</p> <p>· Unit purchasers have control of the HOA.</p> <p>· The HOA operating budget must be reviewed to determine that it is adequate and provides for the funding of replacement reserves for capital expenditures and deferred maintenance (at least 10% of the budget), and provides adequate funding for insurance deductible amounts</p> <p>· No more than 15% of the <b>total units</b> in the project may be more than 30 days or more past due on the payment of their HOA dues.</p> <p>· The individual units should be separately metered. If they are not, the project’s plans should provide for the ready adoption of unit metering</p> <p>· No single entity (the same individual, investor group, partnership or corporation) owns more than 10% of the total units in the project.</p> <p>· The units are owned fee simple, unless the Bank of America CID has approved the use of leasehold estates in the project.</p> <p>· Evidence of the required insurance coverage must be obtained.</p> <p> <u><strong>The following are Ineligible Condominium Projects: <br /></strong></u>· Condominium Hotels – no exceptions allowed <br />· Timeshare or segmented ownership projects. <br />· Houseboat projects. <br />· Condominium projects that represent a legal, but nonconforming use of land if the zoning regulations prohibit rebuilding the improvements to current density in the event of their partial or full destruction. <br />· Projects where the HOA fees include meals or health care services. <br />· Condominium project buildings located in flood zone where the HOA does not carry flood insurance on the building. <br />· A condominium project (or HOA) that is currently involved in a lawsuit may<b> not</b> be eligible for financing depending upon the nature of the litigation. All condominium projects in litigation must be reviewed by Bank of America Common Interest Development (CID) for acceptability. <br />· Projects with non-incidental business operations owned or operated by the HOA such as, but not limited to, a restaurant, spa, health club, etc. <br /></p> <p>It is very frustrating as an agent that these units are well priced and for those that should normally qualify cannot get financing. We will just have to wait for the banks to release the funds and to loosen their restrictions on the projects they will finance. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-62176728540233388222009-09-29T15:06:00.001-04:002009-09-29T15:06:54.589-04:00Windsor Hills – inventory as of Sept 29, 2009<p><b><u>9 Lots left plus </u></b><b><u>2 Construction Lots now Available</u></b><b>.</b></p> <p><b></b></p> <p>196-199 (open – select your floorplan north facing pool)</p> <p>162-166 (Brentwood  south facing pools)</p> <p>2 Construction Lots (west facing pools)</p> <p></p> <p>$385,000 5/5 (starting not inclusive of lot premiums)</p> <p>Brentwood: $400,000 6/4 (starting not inclusive of lot premiums)</p> <p>$5,000.00 in closing cost</p> <p>Contact us if you would like additional information. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-18568159544366820842009-09-28T14:03:00.001-04:002009-09-28T14:03:29.935-04:00U.S. product safety agency pledges swift probe of Chinese drywall<p>WASHINGTON – Sept. 24, 2009 – Under fire for the pace of her agency’s investigation, the top U.S. consumer safety official is promising to move swiftly to investigate a flood of complaints about suspect drywall imported from China. <br />Homeowners, mostly in the Southeast region, say the drywall is making them sick and corroding wiring throughout their homes. Lawmakers from Florida, Louisiana and elsewhere have pressed Consumer Product Safety Commission Chairman Inez Tenenbaum for answers about the safety of the drywall. <br />Tenenbaum, who took over the agency in June, told lawmakers the investigation is “extremely complex, and there probably will not be a quick fix,” but she pledged to get to the bottom of the matter. <br />The release of results from CPSC testing of homes in southern states has been delayed several times and still is weeks away. <br />Homeowners blame the drywall for a “rotten egg” smell in their homes, health woes such as itchy eyes and skin, difficulty breathing, persistent coughing and bloody noses as well as corrosion of electrical wiring and home appliances. <br />Democratic Rep. Robert Wexler, one of several lawmakers who met with Tenenbaum on Wednesday, said he was satisfied that the CPSC chief understands the issue’s importance to affected residents. <br />“If we get these results and they’re valid, and they are then part of a long-term action plan to bring relief to homeowners, then I believe we will have accomplished something very important,” Wexler said in an interview. <br />This summer, the commission promised to release in September the initial results from indoor air testing of 50 homes; that deadline was then pushed to October. This week, the agency further delayed the release to early November. <br />In a terse letter to Tenenbaum on Tuesday, Democratic Sen. Mark Warner complained that the agency is moving too slowly. <br />“This is not acceptable,” Warner wrote. “My constituents have had their lives turned upside down by Chinese drywall: Most have moved out of their homes, and several are facing the prospect of having to foreclose on their homes.” <br />Since late last year, the agency has received more than 1,300 complaints from residents in 26 states and the District of Columbia, with the majority from Florida and Louisiana. The drywall was imported primarily between 2004 and 2008 when home construction was booming and supplies tight. The plasterboard from China also was used in homes rebuilt after the disastrous Hurricane Katrina in 2005. <br />The Environmental Protection Agency has conducted tests on a tiny sampling of Chinese-made drywall. It found sulfur and two organic compounds associated with acrylic paint, which were not found in the U.S.-manufactured samples that were tested. <br />The report did not draw any conclusions about health risks or whether the drywall could be damaging wiring in homes. <br />The EPA and Centers for Disease Control and Prevention is working with commission, which is leading the investigation. <br /><img height="30" alt="AP Logo" hspace="0" src="http://www.floridarealtors.org/NewsAndEvents/images/AP_Logo.jpg" width="40" border="0" />Copyright © 2009 Associated Press, Jennifer C. Kerr. All rights reserved.</p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-33526255240394357302009-09-11T07:03:00.001-04:002009-09-11T07:42:49.714-04:00“MEET ME IN THE STAIRWELL” – do not forget 9/11<p>You say you will never forget where you were when you heard the news On September 11, 2001. Neither will I. </p> <p>I was on the 110th floor in a smoke filled room with a man who called his wife to say 'Good-Bye.' I held his fingers steady as he dialed. I gave him the peace to say, 'Honey, I am not going t o make it, but it </p> <p>is OK..I am ready to go.'  I was with his wife when he called as she fed breakfast to their children. I held her up as she tried to understand his words and as she realized he wasn't coming home that night. I was in the stairwell of the 23rd floor when a woman cried out to Me for help. 'I have been </p> <p>knocking on the door of your heart for 50 years!' I said.  'Of course I will show you the way home - only believe in Me now.' I was at the base of the building with the Priest ministering to the injured and devastated souls. </p> <p>I took him home to tend to his Flock in Heaven. He heard my voice and answered. <br />I was on all four of those planes, in every seat, with every prayer. I was with the crew as they were overtaken. I was in the very hearts of the believers there, comforting and assuring them that their </p> <p>faith has saved them. I was in Texas , Virginia , California , Michigan , Afghanistan. <br />I was standing next to you when you heard the terrible news. Did you sense Me? <br />I want you to know that I saw every face. I knew every name - though not all know Me. </p> <p>Some met Me for the first time on the 86th floor. Some sought Me with their last breath. </p> <p>Some couldn't hear Me calling to them through the smoke and flames; 'Come to Me... this way... take my hand.' Some chose, for the final time, to ignore Me. But, I was there. <br />I did not place you in the Tower that day. You may not know why, but I do. However, if you were </p> <p>there in that explosive moment in time, would you have reached for Me? <br />Sept. 11, 2001, was not the end of the journey for you. But someday your journey will end. And I will be there for you as well. Seek Me now while I may be found. Then, at any moment, you know you are 'ready to go.' </p> <p>I will l be in the stairwell of your final moments. God During the next 60 seconds, stop whatever you are doing, and take this opportunity. (Literally it is only 1 minute.) All you have to do is the following: </p> <p>Stop and think and appreciate God's power in your life, for doing what you know is pleasing to Him. </p> <p>Source: Not sure..our pastor read this to us last year in church.</p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-45928921254501130802009-09-10T12:07:00.001-04:002009-09-10T12:07:55.846-04:00Chinese Drywall Pictures<p>Chinese/Defective Drywall: During the time Florida was experiencing building material shortages, some homes were built or renovated using defective drywall imported from or manufactured in China. Defective drywall reportedly emits levels of sulfur, methane and/or other volatile organic compounds that cause corrosion of air conditioner and refrigerator coils, copper tubing, electrical wiring, computer wiring and other household items as well as create noxious odors which may also pose health risks.</p> <p>These pictures are courtesy of a home inspector that were recently found in a Central Florida Home. </p> <p> </p> <p><a href="http://lh3.ggpht.com/_EGB8On3Rvv0/SqkkLu8jDLI/AAAAAAAAABw/zgkdNAimc70/s1600-h/LABEL%20%233%5B2%5D.jpg"><img title="LABEL #3" style="border-right: 0px; border-top: 0px; display: inline; border-left: 0px; border-bottom: 0px" height="184" alt="LABEL #3" src="http://lh5.ggpht.com/_EGB8On3Rvv0/SqkkLxG0rmI/AAAAAAAAAB0/AtPGyOqlQhQ/LABEL%20%233_thumb.jpg?imgmax=800" width="244" border="0" /></a> <a href="http://lh5.ggpht.com/_EGB8On3Rvv0/SqkkMTKmmhI/AAAAAAAAAB4/GZbaVw9ZAD4/s1600-h/AC%20LINE%5B2%5D.jpg"><img title="AC LINE" style="border-right: 0px; border-top: 0px; display: inline; border-left: 0px; border-bottom: 0px" height="184" alt="AC LINE" src="http://lh3.ggpht.com/_EGB8On3Rvv0/SqkkM28WZwI/AAAAAAAAAB8/K6B2KjuD7lc/AC%20LINE_thumb.jpg?imgmax=800" width="244" border="0" /></a> <a href="http://lh3.ggpht.com/_EGB8On3Rvv0/SqkkNdMMd7I/AAAAAAAAACA/Kv1uzefSydc/s1600-h/DEADBOLT%20AT%20FRONT%20DOOR%5B2%5D.jpg"><img title="DEADBOLT AT FRONT DOOR" style="border-right: 0px; border-top: 0px; display: inline; border-left: 0px; border-bottom: 0px" height="184" alt="DEADBOLT AT FRONT DOOR" src="http://lh5.ggpht.com/_EGB8On3Rvv0/SqkkN2Jgu3I/AAAAAAAAACE/K2HRfSqUEvg/DEADBOLT%20AT%20FRONT%20DOOR_thumb.jpg?imgmax=800" width="244" border="0" /></a> <a href="http://lh3.ggpht.com/_EGB8On3Rvv0/SqkkOgWP0FI/AAAAAAAAACI/yW3U0LuXORo/s1600-h/EVAPORATOR%20COILS%5B2%5D.jpg"><img title="EVAPORATOR COILS" style="border-right: 0px; border-top: 0px; display: inline; border-left: 0px; border-bottom: 0px" height="184" alt="EVAPORATOR COILS" src="http://lh4.ggpht.com/_EGB8On3Rvv0/SqkkO_OfWrI/AAAAAAAAACM/nYIKqNKuU6k/EVAPORATOR%20COILS_thumb.jpg?imgmax=800" width="244" border="0" /></a> <a href="http://lh3.ggpht.com/_EGB8On3Rvv0/SqkkPWFoMTI/AAAAAAAAACQ/8wAWSoM3oGM/s1600-h/EXAMPLE%20AREA%20OF%20REMOVED%20WALL%20%28BY%20OWNER%29%5B2%5D.jpg"><img title="EXAMPLE AREA OF REMOVED WALL (BY OWNER)" style="border-right: 0px; border-top: 0px; display: inline; border-left: 0px; border-bottom: 0px" height="184" alt="EXAMPLE AREA OF REMOVED WALL (BY OWNER)" src="http://lh6.ggpht.com/_EGB8On3Rvv0/SqkkP1xJvEI/AAAAAAAAACU/JmSAZktNaqA/EXAMPLE%20AREA%20OF%20REMOVED%20WALL%20%28BY%20OWNER%29_thumb.jpg?imgmax=800" width="244" border="0" /></a> <a href="http://lh3.ggpht.com/_EGB8On3Rvv0/SqkkQkTzqRI/AAAAAAAAACY/n4U4MGjg3cU/s1600-h/EXAMPLE%20WIRING%20TO%20BREAKERS%5B2%5D.jpg"><img title="EXAMPLE WIRING TO BREAKERS" style="border-right: 0px; border-top: 0px; display: inline; border-left: 0px; border-bottom: 0px" height="184" alt="EXAMPLE WIRING TO BREAKERS" src="http://lh4.ggpht.com/_EGB8On3Rvv0/SqkkQ2OTTEI/AAAAAAAAACc/OGVcz6T2c0E/EXAMPLE%20WIRING%20TO%20BREAKERS_thumb.jpg?imgmax=800" width="244" border="0" /></a> <a href="http://lh6.ggpht.com/_EGB8On3Rvv0/SqkkRqiyYJI/AAAAAAAAACg/j0a1WuqEJoc/s1600-h/GROUND%20AT%20SUB-PANEL%5B2%5D.jpg"><img title="GROUND AT SUB-PANEL" style="border-right: 0px; border-top: 0px; display: inline; border-left: 0px; border-bottom: 0px" height="184" alt="GROUND AT SUB-PANEL" src="http://lh6.ggpht.com/_EGB8On3Rvv0/SqkkSPhAl2I/AAAAAAAAACk/_pJ-L3cBjhU/GROUND%20AT%20SUB-PANEL_thumb.jpg?imgmax=800" width="244" border="0" /></a> <a href="http://lh5.ggpht.com/_EGB8On3Rvv0/SqkkUw9IdBI/AAAAAAAAACo/tYipmonXuZQ/s1600-h/GROUND%20WIRES%20AT%20SUB-PANEL%5B2%5D.jpg"><img title="GROUND WIRES AT SUB-PANEL" style="border-right: 0px; border-top: 0px; display: inline; border-left: 0px; border-bottom: 0px" height="184" alt="GROUND WIRES AT SUB-PANEL" src="http://lh3.ggpht.com/_EGB8On3Rvv0/SqkkVGJxpDI/AAAAAAAAACs/CZJCa0ldwes/GROUND%20WIRES%20AT%20SUB-PANEL_thumb.jpg?imgmax=800" width="244" border="0" /></a> <a href="http://lh3.ggpht.com/_EGB8On3Rvv0/SqkkVmB_gBI/AAAAAAAAACw/QCPjX9aTFS4/s1600-h/LABEL%20%231%5B2%5D.jpg"><img title="LABEL #1" style="border-right: 0px; border-top: 0px; display: inline; border-left: 0px; border-bottom: 0px" height="184" alt="LABEL #1" src="http://lh3.ggpht.com/_EGB8On3Rvv0/SqkkVyvG1cI/AAAAAAAAAC0/YVQnynhsAWw/LABEL%20%231_thumb.jpg?imgmax=800" width="244" border="0" /></a> <a href="http://lh3.ggpht.com/_EGB8On3Rvv0/SqkkWUn4sSI/AAAAAAAAAC4/_c_dm9UC6PY/s1600-h/LABEL%20%232%5B2%5D.jpg"><img title="LABEL #2" style="border-right: 0px; border-top: 0px; display: inline; border-left: 0px; border-bottom: 0px" height="184" alt="LABEL #2" src="http://lh4.ggpht.com/_EGB8On3Rvv0/SqkkWrtY0nI/AAAAAAAAAC8/UMmvL2xRAx8/LABEL%20%232_thumb.jpg?imgmax=800" width="244" border="0" /></a></p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com1tag:blogger.com,1999:blog-4964804378791087121.post-89637605247266331792009-09-07T22:02:00.001-04:002009-09-07T22:02:14.280-04:00Hunters Creek Stats as of September 1, 2009<p>Hunter’s Creek offers a combination of condominiums, townhomes and single family homes.  Here is a brief snapshot of the current state of the market: </p> <p>As of September 1, 2009 : <br />There are currently 201 HOMES for Sale listed in our MLS system ranging from $67,900 for a 2 bed/2 bath in Sky Lake to $590,000 for a 4 bedroom/3.5 bathroom home in Hunters Creek on Lake Calabay. </p> <p>There are 100 Condominiums/Towhomes for Sale in the MLS ranging from $33,900 for a 1 bed/1 bath in Palms Villa Residences to $254,000 for a 4 bedroom/3 bathroom townhome in Chartres Gardens <br /><strong>ACTIVE: HOMES  <br /></strong>201  Total: 99 are pre-foreclosure/short sales/bank-owned  (making up 50% of the inventory). <br /><strong>ACTIVE: CONDOMINIUMS/TOWNHOMES   <br /></strong>100  Total:  62 are pre-foreclosure/short sales/bank-owned  (making up 62% of the inventory). </p> <p><strong>PENDING: HOMES  <br /></strong>178 Total:  111 are pre-foreclosure/short sales/bank-owned  (making up 62% of the inventory).  <br /><strong>PENDING: CONDOMINIUMS/TOWNHOMES   <br /></strong>90 Total:  70 are pre-foreclosure/short sales/bank-owned  (making up 78% of the inventory). </p> <p><strong>SOLD: HOMES (last 30 DAYS)   <br /></strong>52 Total:  31 are pre-foreclosure/short sales/bank-owned  (making up 60% of the inventory).  <br /><strong>SOLD: CONDOMINIUMS/TOWNHOMES   <br /></strong>32 Total: 26 are pre-foreclosure/short sales/bank-owned  (making up 81% of the inventory). </p> <p>I will continue this on a monthly basis in the hopes it will provide you in a brief snapshot of the market. </p> <p>If you would like a Market Analysis for your home, please <a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/CONTACT_ME/Celebration/1236015510.html">contact us</a> directly.</p> <p>We look forward to serving you. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-52262591406861098702009-09-07T18:58:00.001-04:002009-09-07T18:58:12.164-04:00Windermere Stats as of September 1, 2009<p>Windermere is located in Southwest Orlando and nestled between numerous large lakes that form the Butler Chain of Lakes. Windermere was established in 1889 and works hard to maintain that small town feel. For instance, many local streets are still dirt roads. Windermere has expanded to include newer subdivisions such as Lakes of Windermere, Keene’s Pointe, Summerport, and Glenmuir. Below is a snapshot of the current state of the market in Windermere. </p> <p>As of September 1, 2009 there are currently 586 properties listed in the MLS ranging in price from a two bedroom/two bathroom condominium in The Lakes of Windermere at $90,000 (Short Sale) to $12.5 Million estate home in Islesworth that is 9 bedrooms/9 bathrooms over 10,000 square feet. Here is the breakdown:</p> <p><strong>ACTIVE</strong> = 586:  108 are pre-foreclosure/short sales/bank-owned (making up 19% of the inventory). <br /><u>HOME  <br /></u>531  TOTAL: 77 are pre-foreclosure/short sales/bank-owned   </p> <p><u>CONDOMINIUMS/TOWNHOMES</u> <br />55 TOTAL: 31 are pre-foreclosure/short sales/bank-owned </p> <p><strong>PENDING</strong> = 197: 117 are pre-foreclosure/short sales/bank-owned, making up 60% of the pending inventory. <br /><u>HOMES</u> <br />151 TOTAL: 91 are pre-foreclosure/short sales/bank-owned   </p> <p><u>CONDOMINIUMS/TOWNHOMES</u> <br />46 TOTAL: 26 are pre-foreclosure/short sales/bank-owned </p> <p><strong>SOLD</strong> (August 2nd to September 1st)= 50: 27 are pre-foreclosure/short sales/bank-owned, making up 54% of the pending inventory. <br /><u>HOMES</u> <br />42 TOTAL: 25 pre-foreclosure/short sales/bank-owned   </p> <p><u>CONDOMINIUMS/TOWNHOMES</u> <br />8 TOTAL: 2 are pre-foreclosure/short sales/bank-owned </p> <p>If you would like a Market Analysis for your home, please <a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/CONTACT_ME/Celebration/1236015510.html">contact us</a> directly. </p> <p>We look forward to serving you. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-54119161342793820092009-09-07T18:43:00.001-04:002009-09-07T18:43:16.220-04:00Celebration Stats as of September 1, 2009<p>Celebration offers a combination of condominiums, townhomes and single family homes.  Here is a brief snapshot of the current state of the market here in Celebration. </p> <p>As of September 1, 2009 there are currently 314 properties listed in our MLS system ranging in price from a one bedroom/one bathroom condominium in Siena at $75,000 (Short Sale) to $3.9 Million for an estate home in Aquila Reserve that is over 8100 square feet. <br /><strong>ACTIVE</strong> = 314:  61 are pre-foreclosure/short sales/bank-owned (making up 19% of the inventory). <br /><u>HOMES</u> <br />162 TOTAL: 23 are pre-foreclosure/short sales/bank-owned   </p> <p><u>CONDOMINIUMS/TOWNHOMES</u> <br />152 TOTAL: 38 are pre-foreclosure/short sales/bank-owned</p> <p><strong>PENDING</strong> = 97: 52 are pre-foreclosure/short sales/bank-owned, making up 53% of the pending inventory. <br /><u>HOMES</u> <br />44 TOTAL: 25 are pre-foreclosure/short sales/bank-owned   </p> <p><u>CONDOMINIUMS/TOWNHOMES</u> <br />53 TOTAL: 27 are pre-foreclosure/short sales/bank-owned</p> <p><strong>SOLD</strong> (August 2nd to September 1st)= 41: 9 are pre-foreclosure/short sales/bank-owned, making up 22% of the pending inventory. <br /><u>HOMES</u> <br />12 TOTAL: 3 pre-foreclosure/short sales/bank-owned   </p> <p><u>CONDOMINIUMS/TOWNHOMES</u> <br />29 TOTAL: 6 are pre-foreclosure/short sales/bank-owned</p> <p>If you would like a specific Market Analysis for your home, please <a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/CONTACT_ME/Celebration/1236015510.html">contact us</a> directly.</p> <p>We look forward to serving you. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-81829654281110454332009-09-04T21:02:00.001-04:002009-09-04T21:02:14.492-04:00Windsor Hills Availability – Sept 4, 2009<p>Windsor Hills Reserve is a resort style community unparalleled to any other community in the Orlando/Kissimmee area. Windsor Hills offers: Condominiums, Townhomes (with pools) and Single Family Homes. Some of the magnificent features of this guard-gated community include a luxurious water park pool with fountains, waterslide, spa, toddler pool, tennis and basketball courts, putting green, and a children's playground. Our 10,000 square foot clubhouse, overlooking the pool, offers billiards, video game areas, a sundry shop, fitness room with state of the art equipment, and a high definition surround sound movie theater. <br />Our most impressive feature is our extraordinary location. Windsor Hills Reserve is the closest vacation home community to Orlando's world famous attractions and theme parks. These Orlando/Kissimmee area attractions have consistently been ranked the #1 family vacation destination in the world. <br />So, come, relax, and enjoy all that Windsor Hills Reserve has to offer, and you and your guests will be sure to create vacation memories that will last a lifetime!</p> <p align="center"><strong><u>10 LOTS REMAINING</u></strong></p> <p align="center"><strong>( Home sites 160,162,163,164,165,166,196,197,198,199 )</strong></p> <p align="center"><strong></strong></p> <p align="center"><strong>$385,000 5/5 SEVILLE or SPENCER</strong></p> <p align="center"><strong>$400,000 6/4 BRENTWOOD</strong></p> <p align="center"><strong>Completion Jan/Feb 2010</strong></p> <p align="center"><strong>$6,000 in CLOSING COST</strong></p> <p>For pictures or more information, please visit <a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/LOTS_AND_LAND/Celebration/1252006196.html?ZKEY=&acnt=AR206396&action=LOTS_AND_LAND&inwindow=&hs_action=VIEW_DETAIL&listing_id=REATOP46242756&start=0&grp=ALL">our website.</a></p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-33415786433189826932009-08-30T16:06:00.001-04:002009-08-30T16:06:24.794-04:00Feds push mortgage companies to modify more loans<p>The Obama administration, scrambling to get its main housing initiative on track, extracted a pledge from 25 mortgage company executives to improve their efforts to assist borrowers in danger of foreclosure. </p> <p>The Treasury Department reached a verbal agreement with the executives for a new goal of about 500,000 loan modifications by Nov. 1 and stressed the program’s urgency. <br />The sessions came amid concerns that the Obama administration will fall far short of its original goal of helping up to 3 million to 4 million troubled borrowers with modified loans. <br />As of the end of July only about 200,000 borrowers were enrolled in three-month trial loan modifications, out of about 370,000 who were offered modifications by mortgage companies. </p> <p>For months, borrowers, housing counselors and activist groups alike have complained that the process is a confusing, bureaucratic nightmare. Housing counselors say borrowers are being charged upfront fees and given inaccurate or confusing information about the program. The delays are long and, in some cases, lenders continue the foreclosure process while loans are being reviewed for a modification. </p> <p>Recently, an activist group in Minnesota filed a lawsuit seeking to stop home foreclosures in that state. Mark Ireland, an attorney with the Minnesota-based Foreclosure Law Relief Project, said the government has failed to establish the procedures needed to ensure the fair and uniform administration of the program. Loan servicers are not required to tell a homeowner why they were denied a loan modification. </p> <p>One reason progress has been sluggish is that loan servicers have had to hire and train thousands of employees. The loans have been bundled and sold to hundreds of investors as securities, which often have differing rules about loan modifications. Plus, mortgage companies have been swamped with thousands of calls from borrowers who want to take advantage of the program, and must sort out who is facing a legitimate financial hardship. <br />Many servicers didn’t get set up to deal with the surge in problem loans and modifications until this year, said Thomas Lawler, a housing economist in Northern Virginia. <br /> <br />Under the program, servicers can pocket up to $4,500 for each loan they modify. But they won’t start to be paid until homeowners have made on-time payments for three months. <br />If the program doesn’t kick in high-gear soon, the recent optimism about a real estate and economic recovery could fade as mo <br /> <br />“Foreclosures are still rapidly escalating,” said Andrew Jakabovics of the Center for American Progress, a think tank with close ties to the Obama administration. “If we don’t get a handle on that ... the economy is going to have a difficult time recovering.” <br /><em><font size="1">Copyright © 2009 The Associated Press, Alan Zibel and Danie Wagner, AP business writers. Associated Press Writer Steve Karnowski contributed to this report from Minneapolis.</font></em></p> <p>Please visit our website for some helpful links for <a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/EXTRA1/Celebration/1248294289.html">sellers looking for solutions</a>. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-61961027665076431712009-08-27T07:49:00.001-04:002009-08-27T07:49:44.600-04:00Seller Solutions for Troubled Loans<p>Here are some possible temporary solutions for short-term problems, such as being one or two months behind in your mortgage due to illness. Other more permanent solutions address long-term financial difficulties, such as job lay-offs or long-term unemployment. If you have an FHA-approved loan, special loan modification programs may be available to you--ask your lender about them. Unfortunately, in some cases, keeping your home may not be possible--options for handling that situation are available as well. </p> <h5>Temporary solutions for short-term financial problems: </h5> <ul> <li><strong>Reinstatement:</strong> Lenders are often willing to “reinstate” your loan if you make up the back payments in a lump sum by a specific date. A forbearance plan may accompany this option. </li> <li><strong>Forbearance:</strong> Your lender may be able to provide a temporary reduction or suspension of your mortgage payments for a short period, such as 3 or 4 months. After this time, your lender will work with you to create a repayment plan for the loan. You may qualify for forbearance if you have experienced a reduction in income (for example, if you have become unemployed) or an increase in living expenses (for example, higher medical bills). You must provide information to your lender to show that you will be able to stick with the new payment plan. </li> <li><strong>Repayment plan:</strong> Your lender may agree to a plan that includes your regular monthly payments plus a portion of the past due payments each month until your payments are caught up. </li> </ul> <h5>Long-term solutions or adjustments to your loan: </h5> <ul> <li><strong>Loan modifications:</strong> Your lender may be willing to rewrite the terms of your original mortgage loan to address your financial situation. A loan modification is designed to make your monthly payments affordable. Changes to your loan may include extending the number of years to repay and changing the interest rate, including changing an adjustable rate to a fixed rate. You may have to pay a processing fee to obtain a loan modification. </li> <li><strong>Partial claim:</strong> If your mortgage is insured by a private mortgage insurance firm, your lender might help you file a claim. Some insurers provide a one-time, interest-free loan to bring your account up to date. The interest-free loan is due when you refinance, pay off your mortgage, or when you sell the property. </li> </ul> <h5>If keeping your home is not an option, you may want to consider these alternatives: </h5> <ul> <li><strong>Sale:</strong> Your lender will usually give you a specific amount of time to find a buyer and pay off the amount you owe on your mortgage. Your lender may require you to use a real estate professional to help you sell the property. </li> <li><strong>Pre-foreclosure sale or short sale:</strong> If you can’t sell the property for the full amount of the loan, your lender may accept the amount you get for the selling price, even if it is less than the amount you owe. You may owe income taxes on the difference between the amount you owe and the amount you are able to pay back. Check with the <a href="http://www.irs.gov/newsroom/article/0,,id=174034,00.html">Internal Revenue Service</a> for tax information. </li> <li><strong>Assumption:</strong> A qualified buyer may be allowed to assume (take over) your mortgage. Ask your lender whether this option is available to you. </li> <li><strong>Deed-in-lieu of foreclosure:</strong> You may be able to “give back” your property to the lender, who then forgives the balance of your loan. Again, there may be income tax consequences, so check with the IRS. This option will not save your home, but it is less damaging to your credit rating. Some lenders impose certain restrictions on taking back property. For example, they may require that you try to sell your home at a fair market value for at least 90 days. </li> </ul> <p><em><font size="1">Courtesy of </font></em><a title="http://www.federalreserve.gov/pubs/brochure.htm" href="http://www.federalreserve.gov/pubs/brochure.htm"><em><font size="1">http://www.federalreserve.gov/pubs/brochure.htm</font></em></a></p> For more information you may also visit our website and click on <a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/EXTRA1/Celebration/1248294289.html">Help for Sellers</a>. Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-39329750602894861032009-08-19T20:21:00.001-04:002009-08-19T20:21:25.836-04:00An overview of Pre-Foreclosure/Foreclosure<p>In 2007 Florida had 11,000 foreclosure filings, 26,000 in 2008 and 2009 they are estimating 40,000 foreclosure filings. </p> <p><strong><u>Pre-Foreclosure:</u></strong> The lender has not filed a lawsuit yet but you may have received some letters from the mortgage company asking you to bring your mortgage up to date. You may be 3-4 months behind at this point. CALL your lender NOW! Do not wait. Discuss options relating to the Making Home Affordable Program and/or Loan Modification. Please be patient when you call.  There are a lot of homeowners in the same situation. If you do not get the answer you are looking for, call back and insist on speaking with someone else or even a supervisor. <br />You can also contact a HUD Counselor at 1-888-995-4673 or visit <a href="http://www.995hope.org">www.995hope.org</a> </p> <p><strong><u>Foreclosure:</u></strong>  You have received a summons/complaint from the Lenders Attorney. IMPORTANT: You MUST respond in WRITING to the Clerk of the Court along with the Attorney within 20 days after receiving the summons. In this letter you need to tell them WHY you should not be foreclosed on: Loss of job, reduction of income,  serious illness, death in the family, etc., keep it short and simple (1 to 2 pages).  NOTE: If you are in Orange County, Florida when preparing your letter be sure to ask for the MEDIATION PROGRAM (if requested the banks representative must sit down with you to discuss your loan. The bank is not required to come to an agreement but you have the opportunity to speak to them before the final judgment is signed). <br />  <br />The next step will be a motion and hearing. It is recommended you attend the hearing (or if you have an attorney he/she would attend). The hearing will last about 5 minutes. This will give you an opportunity to stand in front of the judge and explain why you do not want the foreclosure to occur or need a delay (waiting for a short sale to be approved, or working on a loan modification, etc). Remember if you are in Orange County, FL remind the judge you requested the Mediation Program. </p> <p>Once the foreclosure is completed and the bank successfully sells the property,  the bank may issue a deficiency judgment. Which would be the the difference between your original loan balance and what they sell it for. </p> <p>We have some helpful links on <a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/EXTRA1/Celebration/1248294289.html">our website</a> as well. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-43773220170086609732009-08-17T18:52:00.001-04:002009-08-17T18:52:20.745-04:00Vacation Homes at the Shire – West Haven/Davenport FL<p>The Shire has just reduced their prices but have still kept some of the great features in the home including:  <br />Granite in Kitchen & Master Bath, Appliances, 18 x 18 Floor Tiles, Heated Pool with Spa & much more.</p> <p>The revised prices are:</p> <p>THE COLUMBUS 3 bedrooms, 2 baths, 1677 sq. ft. $279,990, 2 car garage <br />THE HAMILTON 4 bedrooms, 3 baths, 2,032 sq. ft. $299,990, 2 car garage <br />THE MAYFLOWER 4 bedrooms, 3 baths, 2,529 sq. ft. $334,990, bonus room and 2 car garage <br />THE PATRIOT 4 bedrooms, 3 baths, 2,765 sq. ft. $359,990, bonus room and 2 car garage <br />2807 Ashford 4 bedrooms, 4 baths, 2807 sq. ft. $374,990, balcony, 2 story, and 2 car garage <br />Nottingham Holiday 5 bedrooms, 4 baths, 3212 sq. ft. $480,990, 2 story, 2 car garage <br /> <br />If you would like additional details or a tour of these wonderful homes, please <a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/CONTACT_ME/Celebration/1248294289.html">contact us</a> for an appointment. We look forward to serving you. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-17639800739286474012009-08-12T09:11:00.001-04:002009-08-12T09:11:37.123-04:00Countrywide/BOA’s new short sale process?<p>I called BOA yesterday to get an update on one of my sellers files that was submitted about 10 days prior. They kept informing the seller, “the paperwork is not showing in the system.” For those of us that have worked with BOA in the past know this is a phrase we hear often. So in my call I also wanted to confirm the short sale fax number, because we know this changes on a weekly basis.  The supervisor then shared with me that BOA has initiated a new policy effective end of July. </p> <p>The seller/borrower will have to call 1-800-669-0102 and explain to the Home Retention Team that they are working with a Realtor and would like to list the property for a short sale.  BOA will then gather basic financial information, input into their system and pre-qualify them to continue with the short sale. Now I have not seen this in action yet, I have a few of my sellers calling this week and can report back.  If you have had any experience with this new system, I would love to hear from you. </p> <p>According to the supervisor the new process is supposed to help cut down on the time frame for approving the short sales. Some BOA files that have taken 6-8 months so if this policy can cut the time in half I would be very happy! </p> <p><a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/CONTACT_ME/Celebration/1248294289.html">Contact us</a> if you have any questions.</p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-55622517494616503442009-08-11T08:46:00.001-04:002009-08-11T08:46:37.356-04:005 Tips for Protecting your home from Foreclosure<p>1. Don’t ignore your mortgage problem. </p> <p>If you are unable to pay--or haven’t paid--your mortgage, contact your lender or the company that collects your mortgage payment as soon as possible. Mortgage lenders want to work with you to resolve the problem, and you may have more options if you contact them early. Call the phone number on your monthly mortgage statement or payment coupon book. Explain your financial situation and offer to work with your lender to find the right payment solution for you. If your lender won’t talk with you, contact a housing counseling agency. You can find a list of counseling resources at <a href="http://www.federalreserve.gov/">NeighborWorks</a> and on the <a href="http://www.hud.gov/offices/hsg/sfh/hcc/hccprof14.cfm">U.S. Department of Housing and Urban Development's</a> (HUD) website.</p> <p>2. Do your homework before you talk to your lender or housing counselor. </p> <p>Find your original mortgage loan documents and review them. Review your income and budget. Gather information on your expenses, including food, utilities, car payment, insurance, cable, phone, and other bills. If you don’t feel comfortable talking to your lender, contact a housing or credit counseling agency. Counselors can help you examine your budget and determine the options available to you. They may also advise you about ways to work with your lender or offer to negotiate with your lender on your behalf. </p> <p>3. Know your options</p> <p>Some options provide short-term solutions/help, while others provide long-term or permanent solutions. You may be able to work out a temporary plan for making up missed payments, or you may be able to modify the loan terms. Sometimes, the best option may be to sell the house. For information on different options, visit <a href="http://www.hud.gov/foreclosure/index.cfm">HUD’s website</a> or <a href="http://www.federalreserve.gov/consumerinfo/foreclosure.htm">Foreclosure Resources for Consumers</a> for links to local resources. </p> <p>4. Stick to your plan. </p> <p>Protect your credit score by making timely payments. Prioritize bills and pay those that are most necessary, such as your new mortgage payment. Consider cutting optional expenses such as eating out and premium cable TV services. If your situation changes and you can no longer meet your new payment schedule, call your lender or housing counselor immediately. </p> <p>5. Beware of foreclosure rescue scams. </p> <p>Con artists take advantage of people who have fallen behind on their mortgage payments and who face foreclosure. These con artists may even call themselves “counselors.” Your mortgage lender or a legitimate housing counselor can best help you decide which option is best for you. For tips on spotting scam artists, visit the Federal Trade Commission's website, <a href="http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre42.shtm">Foreclosure Rescue Scams</a>. Report suspicious schemes to your state and local consumer protection agencies, which you can find on the <a href="http://www.consumeraction.gov/caw_state_resources.shtml">Consumer Action Website</a>. <br /><em><font size="1">Courtesy of </font></em><a title="http://www.federalreserve.gov/pubs/brochure.htm" href="http://www.federalreserve.gov/pubs/brochure.htm"><em><font size="1">http://www.federalreserve.gov/pubs/brochure.htm</font></em></a> <br />For more information you may also visit our website and click on <a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/EXTRA1/Celebration/1248294289.html">Help for Sellers</a>. </p> <p><a name="options"></a></p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-37318259700128004192009-08-04T18:21:00.001-04:002009-08-04T18:21:31.290-04:00Rent vs. Own – a snapshot<p>Buying a home will be one of the largest financial investments you will make. It is important that you decide what is best for you. As a real estate professional I like to provide the tools to buyers so they understand why it may be a good time from being a renter to a home owner. </p> <p>Here is a rent vs. own comparison that should illustrate the advantages of owning a home:</p> <p>Purchase Price                                          $250,000 <br />Mortgage – 5% for 30 years                 $241,250 <br /> <br />Monthly Payment (Principal and Interest)     $1,295.08 <br />Taxes and Home Insurance                                     <u>   450.00 <br /></u><strong>Total Monthly Payment                                   $1,745.08</strong> <br />Less monthly tax savings                                            332.95 <br />Less monthly appreciation                                         625.00 <br />Less monthly principal reduction                            296.61 <br /><strong>NET Cost of Owning                                               $490.52</strong></p> <p>Monthly rent for comparison                             $1,600.00 <br />Less net cost of owning                                               <u>   490.52 <br /></u><strong>Monthly cost of renting vs. owning        $1,109.48</strong> <br />Annual cost of renting vs. owning                          $13,313.75            </p> <p>Above analysis courtesy of Florida Realtors Magazine ® </p> <p>If you would like more information about the home buying process or how to get started, please click on our <a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/EXTRA2/Celebration/1245455689.html">buyer link</a> for more information. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-10184516262776729452009-08-03T08:42:00.001-04:002009-08-03T08:42:41.843-04:00Windermere Stats as of August 1, 2009<p>Windermere is located in Southwest Orlando and nestled between numerous large lakes that form the Butler Chain of Lakes. Windermere was established in 1889 and works hard to maintain that small town feel. For instance, many local streets are still dirt roads. Windermere has expanded to include newer subdivisions such as Lakes of Windermere, Keene’s Pointe, Summerport, and Glenmuir. Below is a snapshot of the current state of the market in Windermere. </p> <p>As of August 1, 2009 there are currently 591 properties listed in the MLS ranging in price from a two bedroom/two bathroom condominium in The Lakes of Windermere at $89,000 (Short Sale) to $12.5 Million estate home in Islesworth that is 9 bedrooms/8 bathrooms over 10,000 square feet. Here is the breakdown:</p> <p><strong>ACTIVE</strong> = 591:  118 are pre-foreclosure/short sales/bank-owned (making up 20% of the inventory). <br /><u>HOME <br /></u>530 TOTAL: 82 are pre-foreclosure/short sales/bank-owned   </p> <p><u>CONDOMINIUMS/TOWNHOMES</u> <br />61 TOTAL: 36 are pre-foreclosure/short sales/bank-owned </p> <p><strong>PENDING</strong> = 190: 131 are pre-foreclosure/short sales/bank-owned, making up 69% of the pending inventory. <br /><u>HOMES</u> <br />153 TOTAL: 108 are pre-foreclosure/short sales/bank-owned   </p> <p><u>CONDOMINIUMS/TOWNHOMES</u> <br />37 TOTAL: 23 are pre-foreclosure/short sales/bank-owned </p> <p><strong>SOLD</strong> (July 2nd to August 1st)= 46: 26 are pre-foreclosure/short sales/bank-owned, making up 56% of the pending inventory. <br /><u>HOMES</u> <br />44 TOTAL: 25 pre-foreclosure/short sales/bank-owned   </p> <p><u>CONDOMINIUMS/TOWNHOMES</u> <br />2 TOTAL: 1 are pre-foreclosure/short sales/bank-owned </p> <p>If you would like a Market Analysis for your home, please <a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/CONTACT_ME/Celebration/1236015510.html">contact us</a> directly. </p> <p>We look forward to serving you. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-51784237803018827222009-08-01T17:17:00.001-04:002009-08-01T17:17:35.358-04:00Celebration stats as of August 1, 2009<p>Celebration offers a combination of condominiums, townhomes and single family homes.  Here is a brief snapshot of the current state of the market here in Celebration. </p> <p>As of August 1, 2009 there are currently 350 properties listed in our MLS system ranging in price from a two bedroom/one bathroom condominium in Siena at $74,900 (Bank Owned) to $3.9 Million for an estate home in Aquila Reserve that is over 8100 square feet. <br /><strong>ACTIVE</strong> = 350:  68 are pre-foreclosure/short sales/bank-owned (making up 19% of the inventory). <br /><u>HOMES</u> <br />172 TOTAL: 32 are pre-foreclosure/short sales/bank-owned   </p> <p><u>CONDOMINIUMS/TOWNHOMES</u> <br />178 TOTAL: 36 are pre-foreclosure/short sales/bank-owned</p> <p><strong>PENDING</strong> = 102: 61 are pre-foreclosure/short sales/bank-owned, making up 60% of the pending inventory. <br /><u>HOMES</u> <br />44 TOTAL: 25 are pre-foreclosure/short sales/bank-owned   </p> <p><u>CONDOMINIUMS/TOWNHOMES</u> <br />58 TOTAL: 36 are pre-foreclosure/short sales/bank-owned</p> <p><strong>SOLD</strong> (July 2nd to August 1st)= 21: 7 are pre-foreclosure/short sales/bank-owned, making up 33% of the pending inventory. <br /><u>HOMES</u> <br />8 TOTAL: 2 pre-foreclosure/short sales/bank-owned   </p> <p><u>CONDOMINIUMS/TOWNHOMES</u> <br />13 TOTAL: 5 are pre-foreclosure/short sales/bank-owned</p> <p>If you would like a specific Market Analysis for your home, please <a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/CONTACT_ME/Celebration/1236015510.html">contact us</a> directly.</p> <p>We look forward to serving you. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-75863037394091473212009-07-30T17:57:00.001-04:002009-07-30T17:57:54.258-04:00Pricing your home for the market<p>It is important to price your home right when you first list it. his along with a solid marketing plan can allow you to get the best price within the time frame you need. </p> <p>It is important to know that statistics show that an overpriced home on the market more than 60 days is likely to sell at a lower price than a home priced for a quick sale.  For example, lets say a home is priced at $220,000 – 10% over the $200,000 comparable market price. Three months later, the seller drops the price by 10% to $198,000, BUT the market price fell an additional 10% to $180,000 from the original market price of $200,000 just 60 days before. So unfortunately the home is still overpriced.  </p> <p><a href="http://lh4.ggpht.com/_EGB8On3Rvv0/SnIXX2oiujI/AAAAAAAAABo/Rxqt9LUDrhw/s1600-h/image%5B4%5D.png"><img title="image" style="border-right: 0px; border-top: 0px; display: inline; border-left: 0px; border-bottom: 0px" height="392" alt="image" src="http://lh4.ggpht.com/_EGB8On3Rvv0/SnIXYfskVMI/AAAAAAAAABs/_KNYbg9viPs/image_thumb%5B2%5D.png?imgmax=800" width="527" border="0" /></a></p> <p>If you would like a <a href="http://www.destinationcentralflorida.com/">market analysis</a> for your home, or would like to schedule an appointment, we would be more than happy to help.  </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-41360717304592359472009-07-27T15:56:00.001-04:002009-07-27T15:56:09.551-04:00June new home sales rise 11 percent in the U.S.<p>WASHINGTON (AP) – July 27, 2009 – New U.S. home sales rose by the largest amount in more than eight years last month, in another sign the housing market is finally bouncing back from the worst downturn in decades. <br />The Commerce Department said Monday that sales rose 11 percent in June to a seasonally adjusted annual rate of 384,000, from an upwardly revised May rate of 346,000. <br />It was the strongest sales pace since November 2008 and exceeded the forecasts of economists surveyed by Thomson Reuters, who expected a pace of 360,000 units. The last time sales rose so dramatically was in December 2000. <br />Sales have risen for three straight months. The median sales price of $206,200, however, was down 12 percent from $234,300 a year earlier and down nearly 6 percent from $219,000 in May. <br />Last Thursday, the National Association of Realtors reported that home resales posted a monthly increase of 3.6 percent in June. <br />There were 281,000 new homes for sale at the end of June, down more than 4 percent from May. At the current sales pace, that represents 8.8 months of supply — the lowest level since October 2007. <br /><em><font size="1">Courtesy of the Florida Association of Realtors and The Associated Press, Alan Zibel, AP real estate writer.</font></em></p> <p>Please <a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/ACTIVATE_FRAMES/HOME_VALUE/Celebration/1248294289.html">contact us</a> if you would like a market analysis of your area.  We look forward to serving you. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-91341651739227142582009-07-26T14:56:00.001-04:002009-07-26T14:56:09.984-04:00Celebration – Artisan Park Auction<p>Only 6 days left to get registered for the Auction in Artisan Park. <a href="http://www.destinationcentralflorida.com/">Contact us</a> today for the rules and regulations and to get registered. </p> <p>Opening bids will be starting as low as $115,000. 10 to be sold absolute!</p> <p>We look forward to working with you. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-15071440987811821642009-07-22T15:39:00.002-04:002009-07-22T16:19:00.753-04:00Real Estate Developments in United States, Belize, Costa Rica and the Caribbean<img style="visibility:hidden;width:0px;height:0px;" border=0 width=0 height=0 src="http://counters.gigya.com/wildfire/IMP/CXNID=2000002.0NXC/bHQ9MTI*ODI4OTk5Njg3MSZwdD*xMjQ4MjkxNTQ2OTgwJnA9NTk1NTgyJmQ9Jm49YmxvZ2dlciZnPTEmbz1jOThjMTFiNzI2ZjE*MjUxOTlmY2IyNDVlYjcyMTA1MyZvZj*w.gif" /> <EMBED src="http://www.agentshield.com/Widgets/FeaturedRotator2/AS_DisplayWidget_Label.swf" FlashVars="wid=2756&xmlfile=http://www.agentshield.com/Widgets/Data/ImageRotatorData2.aspx?wid=2756%26DevIDs=&username=vanessa" width="150" height="185" > </EMBED> <br /><br />In the box above you will see a variety of developments throughout the United States, Belize, Costa Rica, and Dominican Republic. If you see something that is of interest to you, just click on the box. If you would like more details about the development please feel free to contact us directly. We look forward to assisting you.Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-76002809975477682302009-07-21T13:04:00.001-04:002009-07-21T13:04:00.770-04:00Cost of waiting to buy<p>The numbers are aligned: HUGE selection, LOW interest rates, $8000 tax credit, and LOW prices are the recipe for successful home ownership. If now is the right time for you and your family to begin the process of looking for a home, <a href="http://www.destinationcentralflorida.com/">call us</a> today to get started. <br /></p> <p>COST OF WAITING TO BUY: <br />Sales Price                                         $250,000 <br />Down payment – FHA 3.5%              8,750 <br />Mortgage = 30 year at 5.25%       $241,250 <br />Payment                                               $1,332.19 <br /> <br />Say Home DECREASES, BUT interest rates INCREASE to 6.25% <br />Sales Price                                         $237,500 <br />Down payment – FHA 3.5%              8,312.50 <br />Mortgage = 30 year at 6.25%       $229,188 <br />Payment                                               $1,411.15  - an increase of $79 in your monthly payment</p> <p>We look forward to helping you to reach your dreams! <a href="http://www.destinationcentralflorida.com/">Contact us</a> for a consultation</p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0tag:blogger.com,1999:blog-4964804378791087121.post-52769311173826761762009-07-18T13:55:00.001-04:002009-07-18T14:01:12.668-04:00Stats for Hunters Creek/Southchase/Deerfield<p>Hunter’s Creek offers a combination of condominiums, townhomes and single family homes.  Here is a brief snapshot of the current state of the market: </p> <p>As of July 18, 2009 : <br />There are currently 220 HOMES for Sale listed in othe MLS system (down from 246 last month) ranging from $68,000 for a 3 bed/1 bath in Sky Lake to $629,000 for a 5 bedroom/4 bathroom home in Hunters Creek on Lake Gatlin. <br />There are 112 Condominiums/Towhomes for Sale in the MLS (down from 136 last month) ranging from $34,900 for a 1 bed/1 bath in Palms Villa Residences to $254,000 for a 4 bedroom/3 bathroom townhome in Chartres Gardens <br /><strong>ACTIVE: HOMES <br /></strong>220 Total: 101 are pre-foreclosure/short sales/bank-owned  (making up 45% of the inventory). <br /><strong>ACTIVE: CONDOMINIUMS/TOWNHOMES  <br /></strong>112 Total:  81 are pre-foreclosure/short sales/bank-owned  (making up 72% of the inventory). </p> <p><strong>PENDING: HOMES <br /></strong>182 Total:  144 are pre-foreclosure/short sales/bank-owned  (making up 79% of the inventory).  <br /><strong>PENDING: CONDOMINIUMS/TOWNHOMES  <br /></strong>83 Total:  74 are pre-foreclosure/short sales/bank-owned  (making up 89% of the inventory). </p> <p><strong>SOLD: HOMES (last 30 DAYS)  <br /></strong>35 Total:  21 are pre-foreclosure/short sales/bank-owned  (making up 60% of the inventory).  <br /><strong>SOLD: CONDOMINIUMS/TOWNHOMES  <br /></strong>21 Total: 17 are pre-foreclosure/short sales/bank-owned  (making up 80% of the inventory). </p> <p>I will continue this on a monthly basis in the hopes it will provide you in a brief snapshot of the market. </p> <p>If you would like a Market Analysis for your home, please <a href="http://www.destinationcentralflorida.com/bin/web/real_estate/AR206396/CONTACT_ME/Celebration/1236015510.html">contact us</a> directly.</p> <p>We look forward to serving you. </p> Destination Central Floridahttp://www.blogger.com/profile/09615100663029234240noreply@blogger.com0