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Orlando Foreclosure Trends for January 2015

March 6th, 2015 by tisner

In January, the number of properties that received a foreclosure filing in Orlando, FL was 25% higher than the previous month and 4% higher than the same time last year, according to RealtyTrac.com.

Orlando Foreclosure Geographical Comparison

Orlando foreclosures were 0.14% above national statistics, the same as state figures, and the same as Orange County numbers in January 2015.

orlando foreclosure

Orlando Foreclosure Status Distribution

The current distribution of foreclosures based on the number of active foreclosure homes in Orlando, FL.

Pre-foreclosures accounted for 17.7% of the foreclosure activity in January,  Auctions were 37.4%, and Bank-owned properties were 44.9%.

orlando foreclosure

Orlando Foreclosure Activity by Month

In January, the number of bank-owned properties increased 111.4% from the previous month and increased 54.5% from the previous year. The number of auctions increased 0.6% from the previous month and dropped 1.5% from the previous year. Pre-foreclosure activity decreased 18.9% from the previous month and 38.9% from the previous year.

orlando foreclosure

Information courtesy of Orlando Realtor Teri Isner, Orlando Avenue top Team.

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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Building Wealth With Home Ownership 101

February 26th, 2015 by tisner

This blog is not about quick and easy profits! True wealth building rarely is. It’s about steadily increasing your net worth over time. It is not about speculative investments to get rich quick. It’s about how to build meaningful wealth while enjoying your home.

home buyerThere are many variables and moving parts to the home ownership puzzle. But, it’s not brain surgery either. Home ownership is possibly the most accessible means of building wealth that is available to the general public, non-investors, and average middle-class Americans. Here’s how to make it work…

Rule # 1: Consider the “5-year Rule” before you decide to buy.

Don’t consider buying a home unless you plan to own it for at least 5 years. That is because the wealth building cycle starts very slowly during the first 5 years.

After 5 years, the wealth building cycle begins to accelerate. Selling before then may cause you to lose money because you won’t necessarily get back all the up-front costs of buying.

Rule # 2: Make sure you don’t pay too much when you buy!

Any retailer will tell you they make their profit when they buy. That’s because consumers in the marketplace will dictate the final sale price. The retailer can’t control that. The retailer can only control what he pays for an item. The difference between what he pays and what he can sell it for is his profit.

It’s the same with housing. Get proof of the current value of the property you’re buying by researching the comparative values (“comps”) of similar properties actually sold recently. These are available for free from your Realtor.

Rule # 3: Shop to get the lowest interest rate you can.

But, don’t accept fancy terms of a loan like adjustable rate mortgages (ARM) or deferred (balloon) payments. A fixed rate over the length of the loan is more preferable so you know what to expect over time. Remember, this is about wealth building, not speculative investing!

Rule # 4: Pay for a professional home inspection after you are under contract.

Then be insistent that everything is in top condition before you buy. Remember, there are a lot of moving parts. You must minimize how many of them are likely to breakdown soon after you buy.

Watch for Building Wealth With Home Ownership 102 for rules to follow while you own.

Information courtesy of Orlando Realtor Teri Isner.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Orlando FL Real Estate Market Trends for Jan 2015

February 20th, 2015 by tisner

Even though most people start their New Year’s resolutions on January 1, some people add resolutions as the year progresses. For some, that goal is realizing the dream of homeownership. Beginning the process of buying a home can be daunting, but it is easy enough to begin working on the first step – saving for a down payment. According to the National Association of REALTORS®’ 2014 Profile of Home Buyers and Sellers, 65 percent of home buyers utilize their savings account for a down payment; however, buyers find many other ways to finance a down payment, including selling stocks or bonds, relying on gifts from friends or relatives, retirement funds or using the proceeds from another home sale.

Beginning to build savings should be a priority for potential buyers because it can take some time. According to NAR’s report, it took half of buyers a year or less to save for a down payment, while another 19 percent said it took between one and two years to build their savings account. Additionally, 29 percent said they needed more than two years to save.

Take a look at January’s real estate sales statistics.

Orange County Real Estate Sales Statistics – January 2015

Orange County saw 181 more homes sold in Jan 2015 than Jan  2014, a 16.06% increase. The average sales price increased by 2.22% and the median sales price increased by 5.05% from Jan 2014.  Market times increased by 13 days or 18.84%.

Orange
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times 
Jan 2015  1308 $214,141 $166,500 82
Jan 2014 1127  $209,482  $158,500 69

 

Osceola County Real Estate Sales Statistics – January 2015

Osceola County home sales decreased by 22 homes, a 5.47% drop. Prices increased with the average sales price up 3.44% and the median price increased by 5.71%.  Market times increased by 6 days compared to Jan 2014.

Osceola
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times 
Jan 2015 380  $166,845  $148,000 88
Jan 2014 402  $161,301  $140,000 82

 

Seminole County Real Estate Sales Statistics – January 2015

Seminole County residential sales increased 10.23% with 44 more homes sold in Jan 2015 compared to Jan 2014. The average sales price increased 2.82% and the median price increased by 4.79%. Market times increased by 5 days.

Seminole
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time 
Jan 2015 474  $189,258  $161,900 74
Jan 2014 430  $184,068  $154,500 69

 

Lake County Real Estate Sales Statistics – January 2015

Residential sales in Lake County decreased in Jan 2015 with 22 less homes sold, a 5.53% difference. The average sales price increased by 14.48%, and the median sales price increased by 13.87% for the month compared to Jan 2014.  Market times decreased by 6 days.

Lake
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time 
Jan 2015 376  $165,263  $144,500 106
Jan 2014 398 $144,357  $126,900 112

 

Polk County Real Estate Sales Statistics – January 2015

Polk County saw 12 more homes sold in Jan 2015 compared to Jan 2014, a 2.07% increase.  The average sales price increased 5.84%, and the median sales price increased by 5.9%.  Market times increased by 9 days.

Polk
County
Homes
Sold
Average
Sales Price
Median
Sales Price
 Average
Market Time
Jan 2015 593  $123,757  $111,190 111
Jan 2014 581  $116,930  $105,000 102

Search all Orlando area homes for sale here!

Does Your Home Reflect Your Personality!

February 13th, 2015 by tisner

Home design is an important deciding factor when you are looking for a home to purchase. This is because, like fashion and career choices, the style of your home is a form of self-expression and most likely reflects your personality. In fact, results of a recent housing survey indicate that more than seven in ten homeowners see a relationship between their personalities and their home exteriors.

home designIntrigued? Read on to discover which architectural style home might be a good match for you

The Bungalow

This small, single-story home is considered simple and easy to maintain. With styles ranging from the Craftsman to the California bungalow, owners who wish to live a carefree and easy lifestyle find these incredibly appealing. Bungalow owners are generally liberated in personality and eager to keep their expenses low and their lifestyle trouble-free.

The Cape Cod

Typically a one-and-a-half story dormered home, the Cape Cod features side gables, a small overhang, and sloped roof. Such a residence has an owner who loves to relax and enjoy a structured home after a long and busy day. The Cape Cod owner is warm-hearted in nature and tries to create an atmosphere that’s in communes with surrounding scenery.

The Colonial

This home blends your appreciation of tradition and symmetry with your desire to be seen as a successful member of your community. The nuances of your strong personality are reflected in the particular style of colonial you are attracted to – from Georgian to Federal.

The Craftsman

Just as the design of this house is simple and honest, so too is its owner. The incorporation of hand-crafted objects makes it both unique and artistically appealing. An owner living in a Craftsman is whimsical and deeply immersed in the small details of life, paying close attention to the quality rather than quantity of life.

The Contemporary

You have a need to have contact with nature, right down to what materials are used in your home, and you value open spaces and clean lines. Transparency and openness are important concepts in contemporary design

The Victorian

A person with a Victorian home style is often considered extravagant in personality. The building and all its applications tell a story of the owner’s sentimental personality. Victorian designs are beautiful and tend to create fantasy and dreams around them.

Understanding your personality type and the style of home that makes you happy may just make your buying experience easier and your life in your home much more enjoyable!

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Davenport FL Home For Sale: 712 Brayton Lane

February 9th, 2015 by tisner

Davenport FL Home For Sale:

712 Brayton Lane, Davenport FL 33897
MLS# 05345715

Endless Possibilities!

712 brayton lane

The kitchen is truly the heart of this home adjoining both the family room and the formal dining / living areas. What an ideal open floor plan designed for those who like to cook and entertain at the same time. Center island, ample cabinetry, closet pantry, and an eat-in dinette area showcase the large kitchen. Multiple living spaces provide endless possibilities. Do you prefer traditional formal living and dining with a casual den, or does a home office and game room better fit your lifestyle? The options are yours to envision. Split bedrooms offer privacy. The master bedroom retreat includes a generous walk-in closet and en-suite bath. Enjoy a spa day at home in the master bath with its large vanity, luxurious garden tub and separate shower. Legacy Park is conveniently located near shopping and is only a few minutes from Disney. Easy access to I-4 puts the beaches of Tampa / St Pete within a short one hour drive to the west and NASA’s space coast beaches only one hour to the east. Location and the home’s features make this one well-suited as a primary residence or as an investment property.

Marketed by Orlando Realtor Teri Isner, Orlando Avenue Top Team.

Benefits of Staging & Curb Appeal When Selling

February 5th, 2015 by tisner

If you’re considering selling your home in the near future here are some things to be thinking about. Staging your home most commonly refers to paying attention to how your home shows on the inside to buyers. Curb appeal refers to how it looks to buyers on the outside. Staging and curb appeal are often thought of as separate issues.

stagingHowever, if you think of them together the results will often be more than just the sum of the parts. The things you do to improve on by staging and curb appeal may even enhance your enjoyment of your home for the time before you sell. Let’s consider staging for selling in this blog…

There are a of lot things you can do yourself without spending big dollars, especially if you start well ahead of selling. “Streamlining” is a new term that encompasses “de-cluttering.” Things that we all get used to living with do not always make a positive impression on a buyer. So, look around your living environment and be honest about what you could maybe do without, especially for the short term.

You might find that you would enjoy a little less stuff around right now. That includes things that are in storage. If you haven’t used something in 2 or 3 years maybe you could do without it? For the things that you really do want to have handy, is there a better way to store them? Here are some easy staging ideas you can do yourself.

Talk with your favorite Realtor to get some suggestions. They may even know a reasonably priced staging professional who can help. But, if you’re the type to do it yourself there are all sorts of tips on the internet. A good start is to do some planning. Make a checklist for yourself to help organize the effort for the big picture.

Also think about things that can make a big impression. An example of a high impact effort that looks at both indoors and outdoors is dressing up the entry into your home. That idea and 12 other tips are included in an article you can access here. Work your way through your checklist and keep thinking inside and outside together. Over a relatively short period of time you’ll find you are making significant changes toward selling your home.

Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Orlando Real Estate Market Trends for Dec 2014

January 29th, 2015 by tisner

2015 is off to a great start for home buyers according to an executive order announced last week authorizing FHA to cut .5 percent from the annual mortgage insurance premium for the FHA backed loans with terms greater than 15 years. fhaFor most FHA loans this will reduce the annual premium from 1.35 percent of the loan balance to .85 percent. Loans with balances above the loan limits in effect in most areas and with current MIP of 1.50 to 1.55 percent will see new premiums of 1.00 or 1.05 percent respectively. The upfront premium for all loans will remain unchanged at 1.75 percent.

Borrowers with FHA-insured loans can refinance and obtain the lower annual MIP, as long as the original endorsement was after May 31, 2009 (Older loans have a lower annual MIP. The annual MIP was increased from 0.55% to 0.90% in October 2010, to 1.15% in April 2011, to 1.25% in April 2012, and to 1.35% in April 2013 for borrowers with less than 5% down.)

Take a look at December’s real estate sales statistics.

Orange County Real Estate Sales Statistics – December 2014

Orange County saw 287 more homes sold in Dec 2014 than Dec  2013, a 19.86% increase. The average sales price increased by 5.78% and the median sales price increased by 7.27% from Dec  2013.  Market times increased by 9 days or 16.07%.

Orange
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times 
Dec 2014  1732 $223,351 $177,000 65
Dec 2013 1445  $211,141  $165,000 56

 

Osceola County Real Estate Sales Statistics – December 2014

Osceola County home sales increased by 126 homes, a 26.98%increase. Prices decreased with the average sales price down 5.64% and the median price increased by 9.15%.  Market times increased by 20 days compared to Dec 2013.

Osceola
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times 
Dec 2014 593  $181,305  $155,000 77
Dec 2013 467  $192,132  $142,000 57

 

Seminole County Real Estate Sales Statistics – December 2014

Seminole County residential sales decreased by 1.50% with 9 less homes sold in Dec 2014 compared to Dec 2013. The average sales price increased 3.17% and the median price increased by 3.64%. Market times increased by 11 days.

Seminole
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time 
Dec 2014 591  $205,147  $171,000 65
Dec 2013 600  $198,840  $165,000 54

 

Lake County Real Estate Sales Statistics – December 2014

Residential sales in Lake County increased in Dec 2014 with 99 additional homes sold, a 20% increase. The average sales price increased by 8.18%, and the median sales price increased by 6.24% for the month compared to Dec 2013.  Market times increased by 2 days.

Lake
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time 
Dec 2014 594  $175,345  $154,900 82
Dec 2013 4495 $162,091  $145,800 80

 

Polk County Real Estate Sales Statistics – December 2014

Polk County saw 53 more homes sold in Dec 2014 compared to Nov 2013, a 7.21% increase.  The average sales price increased 7.86%, and the median sales price increased by 6.3%.  Market times dropped 9 days.

Polk
County
Homes
Sold
Average
Sales Price
Median
Sales Price
 Average
Market Time
Dec 2014 788  $138,650  $126,500 83
Dec 2013 735  $128,543  $119,000 92

Search all Orlando area homes for sale here!

Information provided by Teri Isner and the Orlando Avenue Top Team.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Windermere FL Real Estate Market Video – January 2015

January 23rd, 2015 by tisner

 

Welcome to your up-to-the-minute January 2015 edition of Market Snapshot for Windermere Florida compliments of Teri Isner. This report is personalized with charts including market activity for homes in the 34786 zip code. Let’s take a look.

Interested in getting a personalized Market Snapshot? Simply visit www.OrlandoAvenue.com, select the Market Snapshot box, and enter the zip code you want to watch.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Celebration FL Real Estate Market Video – January 2015

January 23rd, 2015 by tisner

 

Welcome to your up-to-the-minute January 2015 edition of market snapshot for Celebration Florida compliments of Teri Isner. This report is personalized with charts including market activity for single family homes in the 34747 zip code. Let’s take a look.

Market snapshots are also available for Celebration condo and townhome sales.

Interested in getting a personalized Market Snapshot? Simply visit www.OrlandoAvenue.com, select the Market Snapshot box, and enter the zip code you want to watch.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Kissimmee FL Real Estate Market Video – January 2015

January 23rd, 2015 by tisner

 

Welcome to your up-to-the-minute January 2015 edition of Market Snapshot for Kissimmee Florida compliments of Teri Isner. This report is personalized with charts including market activity for homes in the 34741 zip code. Let’s take a look.

 

Interested in getting a personalized Market Snapshot? Simply visit www.OrlandoAvenue.com, select the Market Snapshot box, and enter the zip code you want to watch.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

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Keller Williams At-The-Lakes
700 Celebration Blvd
Suite 300
Celebration, Fl 34747

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