Orlando is the No. 1 most popular summer travel spot for 2011, according to bookings on travel site Orbitz.com. The City Beautiful was the only Florida city to make the top 10 list this year. Among the reasons cited for Orlando’s high ranking: • Average airfare to Orlando this summer is $290, an increase of 10 percent over last year but still the lowest average fare for any of the cities in the top 10. • Orlando hotel rooms are averaging about $94/night, an[...]
Canadian buyers Tara and Don talk about how they acquired their new condo hotel unit at the Lake Buena Vista Resort (a foreclosure / bank owned deal) near Disney, using Condo Metropolis. Click the following link to learn more about Lake Buena Vista Resort & Spa, or call Condo Metropolis on: 407-290-3408. You can search listings by going directly to our MLS search engine using the navigation bar above.
The Florida Condominium Act requires both developer-controlled associations and unit-owner controlled associations to prepare a “Frequently Asked Questions and Answers†(commonly referred to as a “Q&A Sheetâ€). The Q&A Sheet must include information: regarding unit owners’ voting rights; unit use restrictions, including restrictions on leasing of a unit; indicating whether and in what amount the unit owners or the association is obligated [...]
You better believe it - the housing market is back. It's time to buy again, and here are the 10 cities with the most affordable homes, according to a new report from Deutsche Bank. Orlando real estate is right there, and no wonder with prices a fraction of what they were 5 years ago.
Good news: Our MLS search provider DS Search Agent, will soon be releasing a mobile version making your Orlando condo hunt on the fly that much easier. Stay tuned for release info!
Question: Our board wants to build a larger pool and upgrade the clubhouse and is considering borrowing $200,000 and use our $50,000 reserve fund. While the expansion concept is supported by the members, I question the wisdom of borrowing money and using reserves earmarked for other things to do it. Answer: A homeowner association borrowing money, particularly for discretionary spending like this, is a bad idea. The costs associated with this kind of borrowing are high since it is considered a [...]
The Plantation Park Condo Owners Association won its lawsuit with with developer American Invsco this week - and they now have their clubhouse back! They also received $83,000. The lawsuit with AI over shoddy workmanship, which started in 2007 after the apartments converted to condos has been dragging on for four years but now the COA, which has been operating out of one of the ground floor condos, can finally move back to the clubhouse. "It was a great feeling signing my [...]
Will the real Forrest Gump please stand up. Our broker Marcus Burke is featured in today's Orlando Business Journal. You can read the full box-of-chocolates interview here.
Florida's existing home and existing condo sales rose in February, according to the latest housing data released by Florida Realtors®. Existing home sales increased 13 percent last month with a total of 13,701 homes sold statewide compared to 12,164 homes sold in February 2010, according to Florida Realtors. February's statewide sales of existing condos rose 29 percent compared to the previous year's sales figure. Seventeen of Florida's metropolitan statistical areas (MSAs) reported [...]
So the fun continues at 55 West Condos downtown Orlando. According to the Orlando Sentinel, Boston-based real-estate investment group TA Associates purchased the residential high-rise 55 West from the Dutch group that purchased it in foreclosure. The same group acquired real estate in MetroWest a couple of years ago at the La Palazza building. City of Orlando spokeswoman Cassandra Lasfer on Monday confirmed the acquisition of the 33-story mixed-use 55 West in mid March, which was built [...]