I received this email recently and asked the sender if I might share it since her story isn't unusual given all that has happened in the last couple of years. Names have been removed to protect the innocent, yada yada... "I am a condo owner at ...... Condominiums. I purchased my condo back in December of 2006. My husband and I bought in to this beautiful community believing that it was going to be exclusive to condo owners. As the real estate market took it's fall the owners of this property [...]
Stirling Sotheby's International Realty suspended auction sales of 28 luxury lakefront condominium units on Lake Conway Saturday after potential bidders overreacted to a week of bad economic news that included airline layoffs, record high gas price hikes, an increase in unemployment and a plunging stock market. "We had very strong interest in the project prior to auction," said Roger Soderstrom, founder and owner of Stirling Sotheby's International Realty. Registered auction bidders included [...]
A beautiful golf-front condo in exclusive Reunion Resort & Club has just been drastically reduced to $399,000 completely Furnished! Every other condo that has been purchased since 2007 in Heritage Crossing has sold from $569K- $452K, with the average purchase price being $481K. The owner of this privately owned condo wants to make a deal ASAP. This gorgeous 3 bedroom condo is located in the Heritage Crossing neighborhood, and is situated around the 11th, 12th & 13th holes of the Arnold [...]
Short notice I know (I've been away) but there's another opportunity to pick up good deals this weekend at the Conway Crest auction (between Sand Lake Road and S. Conway). Condo Metropolis is working through the Newly formed Stirling Sotheby's Concierge team to give our clients the highest level of professional service available. Benefits would include: Being the first to be notified about upcoming auctions Onsite tours and information Pre registration Express Sign in Day of Auction Top [...]
One of the biggest disappointments with second home ownership comes from investors making a fairly simple mistake. They think that they can buy a condo in a place like Orlando, stay there whenever they want, and have it rented out the rest of the time to make them some money. Sounds reasonable? Just remember: Orange County (home of downtown Orlando etc.), unlike Osceola County does not permit rental periods of less than 7 months. (Disney and its environs are in Osceola County.)[...]
Calling Orlando Investors / Developers Investment groups and syndicates interested in investing in Orlando condo / town home / single family home bulk buys where the group intends to purchase at heavily discounted prices should call us on: 407-290-3408 or email: Investors@CondoMetropolis.com. There are presently a large number of developers in Orlando who would be prepared to listen to serious syndicates who wish to take advantage of the current climate while assisting developers to close out [...]
Renting out your Orlando vacation home, condo or villa will not only help offset some of the costs of second home ownership but the U.S. Tax Code also provides some pretty decent breaks. 1.) If you rent your home for 14 days or less in a given year, you don't have to pay any tax on the rental income. You don't even have to report the income to the IRS. This break also applies if you rent your primary home for 14 days or less, which means if you're going out of town for 2 weeks and want to rent [...]
I know, I know, there haven't been any postings for a week or two but I haven't had a vacation in a year or two - and friends invited me to ride around the Grand Canyon on dirt bikes. I have a few cuts and bruises to show for it - but at least I didn't break my neck.
Just a quick email to let you all know that we have recently upgraded our search engine! New features include: Search for all property types (not just condos) Automatic map population with zoom Google Earth satellite technology embedded Draggable maps Local schools information Neighborhood statistics Mortgage calculators Property 'saves', bookmarks and email-able links PDF doc printouts Create your own profile and subscription info [...]
Investors have survived another week of wacky business antics, violent market swings, and general malaise domestically. However, I want to diverge from my normal within-boundaries commentary and discuss our friends on the other side of the globe: the Chinese. Why should we be so concerned with an emerging economy half a world away? Because they have historically loved our mortgage-backed securities and we have historically loved to buy their affordable imports. We buy their goods, they buy [...]
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