With two out-of-state visitors wanting to bid by phone and internet on these beautiful condo hotel suites near Disney World, we attended the World Quest auction on their behalf this weekend. We were not expecting a good turnout based on pre-registration numbers but equally, we weren't expecting to be told as we approached the marquee that the auction had been "postponed" due to lack of sufficient participation! I counted less than 30 people scattered around the vicinity and assumed they were [...]
Much as I love some of the condos downtown, I've always thought it was a rather odd place to live. It's the only downtown I've ever known where there are no supermarkets, no malls and no movie theaters. Having lived in San Francisco, London and New York it's hard for me to even call it a ''downtown''. I mean what's the point of living in a city if you have to drive to the suburbs to shop and go to the movies? No wonder there are so many beggars - there's nowhere to actually buy any food. [...]
Tired of seeing condos listed on the MLS with bogus pricing that requires third party approval? Want to buy a condo at a real, guaranteed price? This 1/1, 1200 square foot condo (plus loft) has vaulted ceilings and is in a great community in Metro West, one of Orlando's prettiest neighborhoods. It was purchased for $135 a couple of years ago and as a result of the condo crash it is now available for just $85k (that's $50k off - or a 40% reduction - or just $70 per foot!). This is not an [...]
There are more signs this week that nationally, the slump in the market may have reached its low point. (Don't smack me, I said "may" ok?) The most recent news from Las Vegas is that having been designated as one of the leading foreclosure cities in the United States, sales are edging up and prices holding steady. The Las Vegas Sun reports condo sales were up in July by 18 percent compared to the same time last year. Buyers seem to be moving off the sidelines as prices have slipped 31% in the[...]
Thursday, August 21, 2008 Orange County Convention Center North Building - 3rd Floor - Room N320 9400 Universal Blvd. Orlando, FL 32819 2:00 p.m. to 8:00 p.m. EST RSVP: 407-685-9882 Contact: Mark Lindsey, Abernathy MacGregor. msl@abmac.com (310) 343-5844. The nation's second largest mortgage insurer PMI Group (www.pmi-us.com) has released its annual Economic Real Estate Trends report, and the study reveals that several major housing markets in Florida and California are at the highest [...]
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 [...]
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