We've noted the Orlando condo dry up and the buyer's market before - but there are still those who just don't believe it, despite the fact that I tried to put a bid on a bank owned deal this morning, only to discover they already had a dozen cash offers. The latest news from California is that their foreclosure inventory is also stabilizing. "Some houses go under contract fewer than 90 minutes after they are put on the market", says Brad Geisen, founder of Foreclosure.com. So you can either[...]
Legacy Dunes Condos are just off SR192 in Kissimmee - just a stone's throw from Celebration and the Disney attractions. Located in Osceola County, Legacy Dunes condos can be rented out short term - either by the investor, or by the onsite management company, just like a hotel. This makes Legacy Dunes condos more flexible in some ways than the Orlando condos (in Orange county), which must be rented for a minimum of 6 months at a time per Orange County regulations. The majority of the condos [...]
55 West, downtown Orlando's (beautiful) condo "problem child" finally opened its door last weekend to the public. For renting. After a couple of false condo sale starts and unconsumated attempts to turn it into hotel, ZOM has taken over the building as a rental and will begin leasing this weekend. Sad for 55 West condo buyers who had their deposits returned, but luck perhaps for renters, who now get to enjoy Orlando downtown condo living in one of the newest and best [...]
First time buyers might find the following video useful in determining how to claim up to $8K in tax credits.
Find out how to get your matches send directly to your email box, make favorites and leave notes for us! Expand the view to full screen by clicking on the button in the lower right hand corner of the viewer. For the first video on basic use, see our Orlando MLS Search Engine Help: Part I
Our fearless Federal Reserve chairman Ben Bernanke just enjoyed his semi-annual congressional beat-down today where he gives his testimony on the state of monetary policy. He had to walk a very fine tightrope of saying inflation will remain tame, that the economy is steadying but still experiencing difficulty, and that he will leave his “quantitative easing†programs (translation: throw money at the problem until it goes away) in motion. And he did just that. And there was [...]
It's one Orlando condo auction after another these days. At the end of August, we have the 3-community condo auction for Cascades, Oxford Square & Audubon Villas, but before that, if you're out for something a little more upmarket, consider the condo auction at Artisan Park in Celebration. These condos used to retail in the high $300's but now suggested opening bids are in the mid $100's. Floor plans from 1200-2000 SF and HOA dues in the mid $500's (hey, it is Celebration, if you want [...]
Orlando condo loans are tricky right now as many of you have discovered. Most condo deals are strictly cash, which is fine in the under $50K bracket out in MetroWest, but what if you're looking for something downtown Orlando in the $180K or above? Still got that cash? Probably not. 101 Eola condos downtown Orlando are one of the few developments to be FHA approved. That means a loan may just be possible with just 3.5% down. The award winning 101 Eola condos are virtually free of short sales and[...]
This 2nd floor, 2/2, Azur condo deal (MetroWest) with 1062 SF is listed at just $60K and comes complete with a renter who would like to stay and is paying $900/month. Nice gated community with pool, gym, clubhouse and usual amenities. Cash only deal. Proof of funds mandatory. Please reads this before making offers. HOA: $299/month Taxes: To be assessed in accordance with new purchase price. Currently listed at $1500/yr. Condo listing reads: "Spacious 2/2 CONDO UNIT with plenty of natural [...]
The big Orlando condo auction of the summer is coming soon. Three condo communties, one central Orlando auction venue in Altamonte Springs. As always in this market, cash is king, however there will be in-house seller financing available to those who qualify - unheard of on a condo conversion and a fantastic opportunity for those who have been frustrated by the lack of condo mortgages. Contact Condo Metropolis for more info. In addition, some of these auction condominiums are FHA [...]