One of the issues that many HOAs grapple with is renters. Some ban them outright, others limit their number. Most live and let live. Interestingly, the HOA has no direct legal authority over renters, only its members. This disconnect creates some practical problems for the board or manager in communicating with tenants since there is always a middle person to deal with. So how does this all play out? Rules Enforcement. The HOA has the right to expect all residents, whether owner or renter, to[...]
I am excited to offer you VIP auction preview opportunity. Please join us in Daytona Beach Shores for a wine and hors d' ouvres over looking the breathtaking ocean views. Be among the first to preview two of Daytona Beaches finest ocean front properties. Both Palma Bella and Bella Vista boast construction and attention to detail of the highest quality, roomy floor plans, spectacular amenities, majestic ocean views and enlightening sunrise experiences. Both ultra high end condo [...]
How about Foreclosure pricing without the hassle of a foreclosure - and without having to do any rehab? That's what the developer at Millennium Palms condos is offering right now. Pricing at the Millennium Palms condos has always been good, but it just hit rock bottom at about fifty cents on the dollar. Here's the latest price structure - just released. 1x1 $49,990 2x2 $59,990 3x2 $69,990 Perhaps the best thing about these condos is that they are fully upgraded, including the boilers[...]
Did you know you can save your searches and favorites - and then make the best listings come straight to your email box? Our search engine is nimble enough to narrow down your search to the minutest degree - but it seems most of you aren't making the most of it. Next time you login, look for the "Manage Your Searches And Favorites" link. You'll find it underneath the main navigation tabs in bold: Once you log in, you can tell the search engine exactly what you're [...]
A condo in the Lemon Tree complex was destroyed early Saturday after an eletrical problem in the attic sparked a fire. Firefighters responded to the Lemon Tree condo just before 2:30 a.m. Saturday, and found flames shooting from the roof of the building.  Fire crews said the woman living in the condo heard her smoke detector, saw black smoke coming from a back room and called for help. The woman got out safely with her kids, but lost everything in the fire. Because the roof of the [...]
The Sanctuary condo building downtown Orlando will soon be hosting a new restaurant, courtesy of the SK Restaurant group who recently announced its grand opening in the South Eola District. The former Silver Spoon Award winning Fi-Fi's Patisserie, will transform into the brand new Sanctuary Diner. The Sanctuary luxury condos, downtown Orlando, developed by resident Steve Kodsi, are among the most exclusive condominiums that Orlando has to offer. For more info on the Sanctuary condos downtown [...]
The Orlando condo market experienced another improved month in existing sales, but declines continued in home values, according to this month's report from the Florida Association of Realtors (FAR). Condo resales in the Orlando area were up 88 percent, from 91 in January 2008 to 171 last month. The median price, however, fell 60 percent, from $157,000 in January 2008 to $62,200 last month. Florida's existing condo sales were up nearly 13 percent, from 2,266 sold in January 2008 to 2,556[...]
There are a lot of volatile cross-currents washing through the financial markets right now. If we were not sure about things a month ago, we're hopelessly confused now. The big stimulus package, a new pile of national debt, a record drop in home prices over the 4th quarter of 2008, CitiGroup, AIG, and the auto makers all needing more money...it's enough to make you want to hide under the covers with the lights off. However, tumultuous times present unique (though fleeting) [...]
Two of the most upscale condos in downtown Orlando are the Star Tower and The Sanctuary. The Sanctuary slightly older; the Star Tower slightly newer - with its half-acre rooftop hosting weekly downtown bashes, began closings more recently. The developer Steve Kodsi developed both and has made his home in the 5,000 square foot penthouse on the top floor of the Sanctuary. It has two kitchens, one for entertaining, a passion of Kodsi's. Goes nicely with the 1800 square foot terrace and it's [...]
Effective March 1, Fannie Mae (FNMA) the folk the make conventional loans "conventional" are planning to further tighten the condo guidelines on which mortgages they will buy on the secondary market. It could be argued that it makes no difference since they are already impossible in most cases, leaving only FHA backed loans as an option. Additionally, in the case of bank owned condos cash is usually the only option anyway - so again, perhaps it makes no difference. In today's [...]