Things To Know Before Buying or Selling a Home

With inventory now being very low and prices on the way up a lot of New Home Builders are coming back on the scene, the predominant ones in Central Florida being Beazer Homes, Meritage Homes, Lennar Homes, David Weekley, Ryland Homes, KB Homes, etc. Investors and home buyers are are gravitating to the new homes for a variety of reasons:

1. The price differential between the new and existing homes isn’t as big as it used to be
2. There is a builder’s warranty on the home
3. Most builders are giving incentives to buyers
4. Updated building Codes
5. Higher efficiency
6. Less Maintenance
7. Etc.

OH CRAP…  I wish I had known earlier! Here is where most buyers go wrong and by the time they find out it is too late. Most buyers will see a New Home Builder sign and walk right into the Model Home center and start talking to the Sales Rep and after the nice spiel and the tour of the model homes some go straight to writing up the contract.

• Will you go to court and hope your opponent’s lawyer will defend you?
• Will you undergo major surgery without getting a second opinion?

Then why do you walk into a New Home Builder and expect the Sales Representative to have your interest at heart! Hello, the Sales Rep work for the Builder and is there to look out for the Builder’s interest. You should always have you own representation who is knowledgeable about the market, able to negotiate with the builder to get you the best deals & incentives and advise you appropriately!

I advise buyers never to go it alone, work with an Accredited Buyers Representative; ABR® are trained and certified by the Real Estate Buyer’s Agent Council - REBAC  to secure the buyer’s interest. Please click here to learn more about the benefits of working with an ABR®

 

Government closes mortgage scams tied to Google

SAN FRANCISCO – Nov. 18, 2011 – The federal government has shut down dozens of Internet scam artists who had been paying Google to run ads making bogus promises to help desperate homeowners scrambling to avoid foreclosures.

The crackdown announced Wednesday renews questions about the role that Google’s massive advertising network plays in enabling online misconduct. It may also increase the pressure on the company to be more vigilant about screening the marketing pitches that appear alongside its Internet search results and other web content.

The criminal investigation into alleged mortgage swindlers comes three months after Google agreed to pay $500 million to avoid prosecution in Rhode Island for profiting from online ads from Canadian pharmacies that illegally sold drugs in the U.S.

 

Central Florida Real Estate Market Update – Nov ’11- Median home price is now higher!

According to the Orlando Regional Realtor Association (ORRA), the Central Florida real estate median home price for October 2011 was 7.33% higher than October 2010. The median price for October 2011 was $112,700 and for October 2010 was $105,000. Since January this year, Orlando areas median price has increased by 18.76%. This is a great sign towards a more stabilized market. Our current inventory levels rose for the first time in 15 months by only 42 properties, but still remain under 10,000. These are inventory levels not seen since 2005. We are now at 9,973 properties on the market or a 4.82 months supply. A 5 to 6 month supply is a good balance between buyers and sellers. With home inventory at this level and interest rates at historic lows, it’s a great time to buy Central Florida real estate!

 

Video of Florida Properties

Video of Florida’s diverse Real Estate market – geared towards Brazalian

 

Bank Owned Versus Short Sale – Pros & Cons

Bank Owned Properties or REO

BANK-OWNED OR REO (real estate owned) – In this case, the bank has gone through the complete foreclosure process and actually taken title to the property and evicted the previous owner in order to sell the property.

 

News Report on Lake Nona Medical City

This Video was done Feb 2009, it is about one hour-long and very informative so if you have the time to spend you will definitely learn a lot about what going on there.

 

 

Stoneybrook West – Tremendous value for money!

                       

Close to Everything.  Unlike Anything.

 

The top-ranked Orlando golf course at Stoneybrook West Golf Club has been a favorite in Central Florida, since it opened for play in 2000. The 18-hole, par 72 course offers the perfect blend of challenging shots, exciting hazards, and delightful scenery. Locals and visitors to the area return time after time for another round of golf at the Stoneybrook West Golf Club. 

Designed by award-winning golf course architect, Arthur Hills, every detail on the course at Stoneybrook West Golf Club was given careful consideration. Although the course is enjoyable for beginner golfers who play from the front tees, the true challenge is for golfers playing from the back tees totaling 7,101 yards. Water hazards may be found on nearly every hole, forcing players to strategize, focus, while having some fun. Water is not the only obstacle, over 1500 palm trees and a plenitude of sand bunkers can be found throughout the Orlando golf course.