Absolute Auction 15 Sell Regardless of Price! No Minimums • No Reserves World Quest Resort Orlando will auction 15 luxury condos “absolute†on Saturday, September 6, 2008. The condos are said to be guaranteed to sell regardless of bid price - no minimums, no reserves. Both 2 and 3-bedrooms will be available. All have upscale kitchens and private balconies. It’s a fantastic neighborhood, quiet and secluded - yet just one mile from Disney. You may opt in or out of [...]
According to Jerry Jackson at the Orlando Sentinel, the developer of downtown Orlando's Paramount condo tower testified in court on Wednesday that the company had spent more than $16 million to add extra bracing to the building. The developer went on to claim that this work was not a "material" change requiring notification of individual buyers at the Paramount. The problem was first noticed in late 2007, according to Greg West, senior vice president of Orlando-based Zom Inc., and repairs began[...]
While the fence sitters in the U.S. may get away with "waiting for bottom" a few months longer, the Brits won't have that luxury as the dollar is beginning to strengthen again. From the point of view of much of the world, Florida has been "on sale" for a year or so now. And for the U.K. market, cheap prices, combined with a strong pound have made buying in central Florida a "no brainer." But as I've explained to my U.K. buyers, waiting around isn't an option because the "perfect storm" won't [...]
For would-be home owners who are finding it's not as easy as it once was to buy a house , newly enacted legislation might just help. There is is now a 'tax credit' of as much as $7.5k for first-time buyers - but don't wait too long because only homes purchased on or after April 9th 2008 and before July 1, 2009 will be eligible. Under the new housing bill, home buyers (defined as those who have not owned a home in the last three years) will be eligible for a tax credit equal to 10 percent of the [...]
With new construction finally at a low, people are now actually moving into new homes faster than builders are erecting them. Accordingly, Orlando's inventory of new subdivision housing fell again during the second quarter. That's according to a report by Metrostudy, who found 3,646 finished-but-vacant single-family homes in the four-county metro area, down from 5,560 at the me time in 2007. The area's total inventory, which includes homes under construction and model units, was down 39 [...]
In the midst of having to deal with her husband's suicide, the widow of Winter Park developer Steve Walsh is now being sued by his investment partners. According to reports, senior members of Broad Street Partners said Thursday that they and other employees of the Winter Park development company were "shocked and saddened" by accusations in a new lawsuit that managing partner Steve Walsh stole at least $21.4 million from investors. Schrimsher Investments Corp. alleges that prior to his [...]
The Palms Club Condos near MetroWest has a one-bedroom condo special: For a limited time, you can buy a 1/1, 709 square foot, condo for just $99,900.00 -- that's more than a 50% reduction on price structures I've seen there in the past. That particular model was once $199,900 and is now being offered at $128,900, however if you make a move quickly then we can probably secure it for just $99,900. And this includes a pool view. The Palms Club is one of my favorite Orlando condos simply because[...]
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