Another Fed meeting has come and passed and, as expected, dang near nothing happened. Benchmark rates are being held between 0 and .25% and no more money has been committed to buying long-term treasuries. Pretty quiet meeting. Buuuuuuut, it's the calm before the storm. Let's think about things. The Fed is holding mortgage rates down manually through these treasury purchases. That program will expire in October, meaning rates are inexorably headed higher at that time. The [...]
Here it is: The cheapest bank owned deal at Solaire at the Plaza condos, downtown Orlando. $118,000. It's a 1 bedroom, 800SF condo on the 22nd floor, with great views of downtown Orlando. Watch the Disney fireworks every night from your own balcony. HOA = $350 a month; taxes, about $3K a year, with possible reduction based on new purchase price. Cash offers must be accompanied by proof of funds - we may be able to get you financing on this one also. Call us at: 407-901-5161 for more info.
Auctions, auctions everywhere, nor any loan to buy. This is the home buyer's version of the Rhyme of the Ancient Mariner. But cash buyers are having a bonanza. The Artisan Park / Celebration auction was a success with all units sold almost before the last car had found a parking spot. Now, with Orlando's condo inventory dwindling and just two weeks left before the summer's big condo auction in Orlando / Altamonte, interest is rising and over 30 contracts have been written by those hoping [...]
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 [...]