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 [...]
Here's the tease. (Turn those speakers up!) For more detailed info on this summer's Orlando condo auctions see the post above.
We don't normally talk much about deals outside the Orlando metro area but these condos on the Tampa Bay look pretty good. One-, two- and three-bedroom condos and townhomes starting at $68,900. This is not a short sale or foreclosure, but direct from the developer. "Waterside at Coquina boasts two distinct villages on either end of Coquina Key, where you have the freedom to live where sails and dophins dot the horizon and you can stroll along 3 miles of sea walkways. Enjoy cocktails and [...]
Despite the downturn in the market, some of the Orlando downtown condo towers are continuing to sell, albeit at a slower pace. A hard push by the sales team appears to have paid off and there are just 3 developer units left downtown Orlando at the Sanctuary: Sanctuary Downtown Unit 1114, 2 Bed/2.5 Bath, 2080 sf, with private wrap around terrace, city view. Offered at $499,900. Unit 1609, 3 Bed/ 2.5 bath,2035 sf, with two private terraces, SE views. Offered at $499,900. Unit 1507, 2 Bed/ 2[...]
Seems a few folk aren't aware that you can search the Orlando MLS on our site, so we put together a 2-part video. This is Part I: The Basics - for those who are ''tech challenged". Don't forget to turn on your speakers! We'll publish Part II next week and look at some of the more advanced features of our MLS search that will have your property matches coming directly to your inbox! Hope it helps!
Home resales in the Orlando market grew more than 43 percent in June, according to the Orlando Regional Realtor Association. Realtors sold 2,131 homes last month in the Orlando metropolitan statistical area, and the sales growth has helped pare down area inventory supply to single digits for the first time this year. Homes in the Orlando area spent an average of 104 days on the market before being sold in June 2009, and the average home sold for 93.8 percent of its listing price. Along [...]
The stock market at large has risen approximately 33% from it's lows last year, fueling feelings of cautious optimism amongst market participants. However, over the past few months bonds, commodiÂties and stock markets seem to be stuck in a trading range that none can budge. So why the sudden freeze? The short answer: no one really knows how much recovery has actually happened. Sure, we've gone through the majority of one stimulus package, and that provided a nice boost. But [...]
One of our favorite Orlando condos is the Sanctuary downtown on South Eola drive. Like a great many of the downtown condos this weekend, the Sanctuary played host to a number of July 4th parties where views of the Lake Eola fireworks were second to none. Unfortunately, tragedy occurred when one man fell from floor17 of Sanctuary's 18 floors during one such party to his death. Police have identified Wyatt Cragan, of Boca Raton, as the man who fell. Reports show 25-year-old Cragan was at a party[...]