In real estate sales, sellers are required to disclose any material fact that any prudent buyer would want to know before completing a purchase. Property located over a toxic waste dump would be an obvious example of disclosure and the need for it. There are less catastrophic issues, like roof condition or a leaking crawlspace but the idea is the same. Anything that could negatively impact the value or marketability of the property needs to be divulged before closing. While there are usually [...]
Starting in 2005 Kevin Azzouz initiated a renewal in Metrowest, one of Orlando’s largest suburban developments. His most controversial program was the use of homeowner dues to stop rampant crime by hiring Orlando PD off-duty officers. The results of his controversial ZERO CRIME initiative were immediately realized and can be seen here. Not unexpectedly, a group of anti-tax/anti-spend homeowners claimed that millions of dollars of dues were misused. The fight turned nasty [...]
Question: Does the board have the right to grant exclusive use of common areas to one or a few members? Several of our owners have requested to expand the size of their decks or patios. Answer: Common elements available to one or several members (instead of all) are referred to as "limited common elements". This means they are common but limited to exclusive use of one member (as in the case of a unit deck) or designated members (as in the case of a private street). These limited common [...]
 is like Chuck Norris vs. A Velocirapt​or... Jobs, jobs, jobs. Job creation is the big concern for the United States right now. With it, a chain reacÂtion fixes everything. People start spending more, home prices start to rise again as demand increases, wealth returns to the American public, cherubs dance naked in the streets whilst strumming harps. Without it, things stay right about where they’re at in Sucktown.  So, everyone is excited to hear our[...]
ORLANDO, Fla. – Feb. 10, 2011 – Sales of existing condominiums in Florida rose 6 percent in fourth quarter 2010 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. A total of 17,231 existing condos sold statewide in 4Q 2010; during the same period the year before, a total of 16,229 units changed hands. Thirteen of Florida’s metropolitan statistical areas (MSAs) reported higher existing condo sales in the [...]
Yes, we usually deal only with Orlando but these condo deals in TAMPA, about 90 minutes from Orlando, have some pretty good returns. (Click image for info.)  Vista Cay Also, the Vista Cay Condo Deal that went out to our database in the last email, has come downt to $105K. It can close as early as Feb 21st (no short sale hassles or bank foreclosure bidding). The seller is installing new stainless steel appliances, repainting the interior, and replacing the carpets throughout. [...]
We had a great webinar event last night. If you happened to miss the event, you can view the presentation here: Email Info@CondoMetropolis.com for the cash-flow analysis for a new towhhome that has just been discounted to $69,900. The location is OUTSTANDING: Adjacent to Interstate-20, 15 miles to downtown Atlanta, 8 miles to Atlanta International Airport, close to medical facilities, shopping, and direct access to public transportation. The property has been newly finished and is currently [...]
THURSDAYS WEBINAR Turnkey Investment Properties from $49K!  Atlanta GA is Florida's neighbor and there are some great investment deals in this burgeoning state at the moment.  Click the image below to learn more and to register for this FREE, informative webinar with us.   Also, the Vista Cay Condo Deal in the last email has come downt to $105K. It can close as early as Feb 21st (no short sale hassles or bank foreclosure bidding). The seller is [...]
One of the advantages of a homeowner association is to keep the hood looking good by enforcing architectural and design standards. These appearance standards are designed to protect the HOA members' property values. The theory is that if all homes follow the same basic theme, the average home buyer will be willing to pay more. Non-HOA subdivisions have appearance standards too, but only a civil lawsuit can stop someone determined to violate them. Since most neighbors hate confrontation, [...]
After months of waiting, the Vue at Lake Eola Downtown Orlando is now FHA approved as of January 2011. What this means is that instead of needing 100% cash, government-backed loans and smaller down payments may be possible for qualified buyers. The only other downtown Orlando condo project that is currently FHA approved is 101 Eola Condominiums. Current pricing at the Vue condos ranges from about $229,000 for a one-bedroom unit to $569,000 for a three-bedroom unit. For more information on the[...]