For the last 25 years, most buyers have gotten a new mortgage or paid cash when purchasing a home. For a practical reason, owner-occupant buyers have another alternative: assuming a lower interest rate existing FHA or VA mortgage.

In the late 80’s, both FHA and VA began requiring buyers to qualify to assume their mortgages. Prior to that, good credit or even a job wasn’t required. The real reason there haven’t been significant numbers of assumptions in the past 25 years is that interest rates have been steadily going down. If a person had to qualify, they might as well do it on a new loan and get a lower interest rate.

Even though mortgage money is currently attractive and available, it is at a four-year high. When interest rates on new mortgages are higher than the rates of assumable FHA and VA mortgages originated in the recent past, it may be more advantageous to assume the existing mortgages.  Conventional loans have due on sale clauses that prevent them from being assumed at the existing rate.

FHA loans that originated with lower than current interest rates have great advantages for buyers and sellers.

1. Interest rate won’t change for qualified buyer
2. Lower interest rate means lower payments
3. Lower closing costs than originating a new mortgage
4. Easier to qualify for an assumption than a new loan
5. Lower interest rate loans amortize faster than higher ones
6. Equity grows faster because loan is further along the amortization schedule
7. Assumable mortgage could make the home more marketable

This financing alternative can save money for the buyer in closing costs and monthly payments. While the equity may be more than the down payment on a new mortgage, second mortgages are available to make up the difference. Call us at (407) 467-5155 to find out if this may be an option for you.

By: PatZaby.com

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.

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The Windermere Real Estate Market Trends Report shows the average sales price was $499,475 in April 2018 compared to $464,453 in April 2017. Homes were on the market for an average of 61 days, down from 90 days last year. Homes sold for 98% of the list price.

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.

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The Celebration Real Estate Market Trends Report for 34747 shows 131 homes sold in April 2018 compared to 126 in April 2017. The average sales price was $325,254 compared to $283,051 in April 2017 and homes were on the market an average of 133 days, compared to 127 days in April 2017.

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.

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Don’t miss this traveling exhibit at the Orlando Science Center through May 13!

Mindbender Mansion visitors will be greeted by the slightly mysterious and distinctly wacky Mister. E., master brainteaser and puzzler extraordinaire, and current curator of the Mindbender Society.  Mr. E will explain the mysteries of Mindbender Mansion and how to become a member of the eccentric Mindbender Society by gathering hidden clues and secret passwords that can only be found by solving key puzzles in different rooms of the mansion.

And oh, the challenges you’ll face along the way. Mindbender Mansion activities combine the best of childhood playfulness, mental acuity, and teamwork (yes, you’ll want to bring friends).

Hours, Prices and More

Orlando Science Center
777 East Princeton St.
Orlando, FL 32803

Questions? Email: gservices@osc.org

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.

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Photo Credit: osc.org

Homeowners are familiar that they can deduct the interest and property taxes from their income tax returns. They also understand that there is a substantial capital gains exclusion for qualified sales of up to $250,000 if single and $500,000 for married filing jointly. However, ongoing recordkeeping tends to be overlooked.

New homeowners should get in the habit of keeping all receipts and paperwork for any improvements or repairs to the home. Existing homeowners need to be reminded as well, in case they have become lax in doing so.

These expenditures won’t necessarily benefit in the annual tax filing but may become valuable when it is time to sell the home because it raises the basis or cost of the home.

For instance, let’s say a single person buys a $350,000 home that appreciates at 6% a year. Twelve years from now, the home will be worth $700,000. $250,000 of the gain will be exempt with no taxes due but the other $100,000 will be taxed at long-term capital gains rate. At 15%, that would be $15,000 in taxes due.

Assume during the time the home was owned that a variety of improvements totaling $100,000 had been made. The adjusted basis in the home would be $450,000 and the gain would only be $250,000. No capital gains tax would be due.

Some repairs may not qualify as improvements but if the homeowner has receipts for all the money spent on the home, the tax preparer can decide at the time of sale. Small dollar items can really add up to substantial amounts over many years of homeownership.

You can download a Homeowner’s Tax Worksheet that can help you with this recordkeeping. The important thing is to establish a habit of putting receipts for home expenditures in an envelope, so you’ll have it when you are ready to sell.

By: PatZaby.com

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.

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Days of lounging by the pool or in a hammock with a good book while the children play in the sprinkler are on the horizon, and you can’t wait to wash the pollen off the car, not to mention the grime from Winter on the car tires.  Spring and Summer is probably when we use more water than other times of the year, and there are ways we can conserve and avoid a high water bill for the next few months. 

• We shower more in the Summer, so conserve by shortening your shower time by just two minutes, and save 150 gallons of water per month! 
• Keeping our landscaping green uses a great deal of water, and if you have a sprinkler system, make sure the timer is set for morning or evening, and that the showers aren’t falling on the driveway.  Pay close attention to the weather, and turn off the timer whenever a good chance of rain is predicted. 
• Keep a pitcher filled with water inside the fridge for a thirst quencher instead of running the water from the faucet and waiting for it to get cold. 

• Cut your grass on a higher setting, because the longer blades help shade the turf, and in turn, holds water better, so you’ll have to water it less. 
• For the garden, landscaping and lawn, use a drip irrigation system instead of sprinklers or hand-watering with the hose.  Water is directed to the roots, where it needs to be. 
• When the car needs cleaning, take the bucket and sponge to a car wash instead of washing it at home, and save about one hundred gallons of water!  
• Purchase and set up rain barrels under gutter spouts or areas of the house where water runs off the roof.  You can get some very sophisticated barrels with faucet attachments for gravity-watering with the hose, and covers to prevent mosquitoes from laying eggs. 
• Placing a cover on your pool not only helps keep it clean, but it can save the pool water from evaporating.  The Spruce lists several swimming pool water-saving tips. 
• Instead of washing fresh vegetables from your garden under running water, fill a large bowl with water, and give them a bath.  Once they’re clean, use the leftover water for houseplants or potted plants outside. 
• Growing native plants will help cut down on water usage, as they are adapted to your local climate.  Contact your local cooperative extension agent to find out how to plant a native plant garden. 
• Place a five-gallon bucket with small holes in the bottom near plants or a tree that need a drink, and fill it with water.  The holes will allow the water to trickle out at a slow pace, and soak the soil, where the water should be, instead of the leaves. 

Water conservation isn’t just good for your wallet, it’s good for the environment. If you’re interested in learning more about using less water year round, check out the Water Calculator website to calculate your water footprint, and what you can do to use water more efficiently. 

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.

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Saturday, April 28, 2018
12:00 PM to 4:00 PM

Audubon Park Gardens
3201 Corrine Drive #216
Orlando, FL 32803

FREE ADMISSION!

Saturday April 28 2018, noon to 4 p.m., the Audubon Park Garden District once again turns into a campus with our 7th Annual Kidsfest.

This event is a fun-filled afternoon of (mostly) free* creative and interactive activities for kids of all ages. Throughout the district, families will find an array of workshops and hands on activities where kids can make art, create music, craft and much more. Some activities are ongoing from noon to 4 p.m. and can accommodate walk ups, whereas some classes are size restricted and will require pre-registration to guarantee admittance. Watch this page or the Facebook event page for updates and an announcement when pre-registration will be available.

JUST ADDED: The Orlando Magic is coming out for Kidsfest 2018! As soon as we know what activities they’ll offer, we’ll update this page.

Watch this page for updates or follow us on Facebook.

*Some activities have nominal materials fees.

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.

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A couple is planning to tour the United States in a travel trailer during their first few years of retirement. They are going to sell their current home now and purchase another home when they finish their travels.

An interesting exercise is to determine the optimum time of selling the home: now or when they’re ready to buy their replacement home.

If they intend on traveling for more than three years, then, it may be a good decision to sell prior to the sojourn to avoid paying taxes on the gain in their home. IRS allows for a temporary rental of a principal residence while still keeping the $250,000/$500,000 capital gains exclusion intact. A homeowner must own and use a home for three out of the previous five years which means that it could be rented for up to three years, but it would need to be sold and closed before that three-year window expires.

If the travel will be less than three years, there is an option of selling now or later. Using the example below, the homeowner sold the home, paid their expenses and invested the proceeds in a three-year certificate of deposit until the replacement home was purchased.

As an alternative, if the homeowner rented the home, not only would they have income, the home would continue to appreciate and the unpaid balance would go down resulting in larger net proceeds. Based on a 5% appreciation and continued amortization of the mortgage, the net proceeds could easily be $40,000 more.

Obviously, there are a lot of considerations that affect the decision to sell now or later but in an appreciating real estate environment, being without a home for several years could affect the financial position of the owner in the replacement property. It is certainly reasonable to look at various alternatives before making a decision. Call me at (407) 467-5155 to help you look at the different possibilities and talk to your tax professional.

By: Patzaby.com

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.

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Warmer days are on the way, and when the weather cooperates, home owners are outside preparing their yards, gardens and pools for the coming Summer. But is your patio looking a little sad?  Do you want to utilize your front porch more this season?  Your outdoor spaces only need a little TLC and elbow grease! 

• Sweep patios to remove loose debris.  Use a pressure washer on concrete, or a long-handled stiff brush and warm water mixed with bleach–a 10:1 mixture is strong enough to clean the area well.   
• For porches, sweep the flooring, as well as ceilings and posts, and a shower of water from the garden hose should remove the dust and cobwebs.  If something needs more attention, use a soft bristled brush or flat mop dipped in a mixture of warm water and mild dish detergent. 
• Wood decks may only need a simple sweeping and washing down with a hose and soft scrub brush. If you’re thinking about staining or painting the woodwork, a pressure washer would be the best tool to prep it for its makeover.  
• Screening should be checked for holes and rips that can be eventually be big problems, and is easy to replace for little cost. 
• Check for any cracks in cement patios.  Fill them with caulking or even quick-drying concrete.  Many easy and affordable repair kits are in local home stores. If the problem goes deeper than just a crack, call a contractor to come and make sure the problem isn’t structural. 
• Bricks and pavers can become loose over time, and filling the spaces between them with sand is one way to sturdy them.  According to Neave Masonry, after filling in between the pavers with sand, use a broom to distribute it evenly, wet the pavers, and once it’s settled, add more sand and repeat.  Continue to add sand until the spaces are filled with sand. 
• Keeping outdoor furniture covered when not in use is great, but it still would be a good idea to give it a good cleaning since you’ll be using it soon.  Today’s Homeowner Danny Lipford has great tips for cleaning your pieces, from wrought iron to plastic. 
• Get your planters ready for flowers by removing soil from them and clean with a spray from the water hose.  Soak them in a mixture of 9 parts water to one-part household bleach to get rid of any bacteria that could’ve grown in the Winter, and rinse well. 
• Outdoor pillows can take a beating, so if yours are looking grim, you can purchase new covers more inexpensively than completely replacing the pillows.  If they have been in outdoor storage, wash them, hang them outside to air dry, and add the new covers. 
• Spruce up the seating area with fragrant plants, an outdoor area rug, hang pretty sheets or shower curtains on tension rods to add some drama, and some DIY lighting–check out these ideas from BuzzFeed.   

Don’t wait until it gets steaming hot or two hours before your cookout guests arrive to get your yard and outdoor seating area in order.  Doing it now will encourage you and yours to spend more time in the outdoors to dine al fresco, relax with a good book, or spend time winding down after a long day at work.

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.

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“How long do we have to wait to qualify for another mortgage” is the question concerning people who’ve had a foreclosure, short sale or bankruptcy. The loan types for the new loan will differ in amounts of time to heal credit scores based on the event.

The following chart is meant to be a general guide for how long a person might have to wait. During this waiting period, it’s important that the person be current on all payments and maintains a history of good credit.

A recommended lender can give you specific information regarding your individual situation and can make suggestions that will improve your ability to qualify for a mortgage. This process should be started before looking at homes because of the time constraints listed here can vary based on current requirements and possible extenuating circumstances of your case.

We want to be your personal source of real estate information and we’re committed to helping from purchase to sale and all the years in between. Call us at (407) 467-5155 for lender recommendations.

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.

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By: PAtZaby.com