Here are some important facts about purchasing Real Estate in the Orlando Florida area:

Here are some important facts about purchasing Real Estate in the Orlando Florida area:

Right-priced properties do not last!

· When looking for a home, remember, Tuesdays, Wednesdays, and Thursdays are best!

· Weekends are worst! Most buyers look for homes on the weekends.  This is the time you will most likely find yourself in multiple-offer situations competing with other buyers, and when you compete, you’ll always pay more to get the house!

Avoid some common errors made when purchasing Real Estate in the Orlando Florida area:

• Not understanding a local market and all that is available.

• Not screening the masses—trying to see everything, both in their own price range and not.

• Not understanding pricing and the value of certain amenities.

• Weak negotiating. This mistake alone can cost a buyer thousands of dollars.

• Not requiring the proper inspections.

• Not understanding all available financing.

• Looking for the perfect home.

• Not previewing schools, shopping, and other neighborhood amenities.

Call the Orlando Avenue Top Team at (407) 467-5155 for assistance with finding the perfect home today!

Subprime Loans are not inherently wrought with risk and problems.

Subprime Loans are not inherently wrought with risk and problems.  They are still binding contracts that cannot be changed on a whim.  Subprime Loans are just loans that were sold to people who might have been a higher risk to the investor that was giving the loan so the terms and rates will reflect that risk.

Six consumer questions about how mortgage-market issues affect them
By Amy Hoak, MarketWatch

The advice I give is to sit down with your closing papers… the ones you received at or after closing from the title company.  In there you will find your Mortgage and Note. 

If the Date of First Adjustment is within 12 months, your best bet is to Call your Mortgage Broker  immediately for an analysis of your options.  Then, we can strategize a way to restructure your loan so that you do not have an adjustment that you cannot afford. 

Hurricane Season is in mid-swing in Florida. Are you prepared? Financially that is!

Hurricane Season is in mid-swing in Florida.  People took advantage of the tax-free weekends to stock up on their rations like bottles of water, vital medicines and cans of tuna, buying batteries by the case and trying to meet the Hurricane VIP – the neighborhood roofer!  All the while they are forgetting to have ready CASH in an emergency – cash that could come from a Home Equity Line of Credit (aka HELOC).

The HELOC is a life preserver when there is a sea of people out there all clamoring to get their home repairs done.   Having ready access to cash is essential to quick repairs.  Many contractors will be very busy and turn away business if they have to offer financing.

When a homeowner does not have cash available, we see the all-too-familiar blue tarps for months until finances catch up to repair costs…

…and when there are major repairs to do, it may be hard to get financing!   A lender may not write a loan on a property in need of hurricane repairs

Celebration Florida Single Family, Condos and Townhomes statstics as of August 2007

• 65 Single Family Homes sold in 2007, ranging in price from $325,000 – $2,650,000.
• 58 Condos sold in 2007, ranging in price from $149,000 – $650,000.

Wondering what is going to happen to you now that your Lender is Kaput?

Do not fret… don’t worry at all… in fact, get ready to make your September payment as scheduled.  Just keep your eyes open for your letter regarding who will be servicing your loan from now on.

Sometimes an investor will change their servicing agent and gets someone else to do it for them.  So be ready for your next month’s payment.  It will be due to someone even if your "lender" shut its doors. 

Orlando Florida Golf | Falcon’s Fire Golf Club

Orlando Florida Golf | Ridgewood Lakes Golf & Country Club

Situated on a lush peninsula amidst Big Sand Lake, Little Sand Lake, and Lake Serene, Vizcaya.

• Three recreational lakes boating, jet skiing and a lakeside picnic are just steps away.
• In this serene setting, you are likely to see a sailboat drift by as you savor brunch on your balcony.
• After the sun sets, ignite your nightlife watching the Disney fireworks soar over the lake. 
• Located at the corner of Sand Lake Rd. and Apopka Vineland Rd. 
• Mediterranean-style themed community.
• There will be 425 homes ranging in price from about $400,000 up to over $2 million.

Investing in Orlando Florida’s short term resort homes for foreign nationals has never been easier.

If you are local and want to talk with an agent here Laura Dickenson is the manager of the local Celebration Florida office located in building 215 Celebration Place, Suite 500 Celebration, Florida

Start your search on our investor page where you can see all the communities available in the Orlando Florida and central Florida areas.

If you have anyother questions about this type of investment in Orlando don’t hesitate to call or e-mail us today.

Celebration Florida | Community Announcement | Celebration Little League Fall Registration