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Orlando FL Real Estate Market Trends for June 2014

July 25th, 2014 by tisner

If you sold your primary residence and made a profit, you may be able to exclude that profit from your taxable income. Here’s how it works.

Individuals can exclude up to $250,000 in profit from the sale of a main home (or $500,000 for a married couple) as long as you have owned the home and lived in the home for a minimum of two years. Those two years do not need to be consecutive. In the 5 years prior to the sale of the house, you need to have lived in the house for at least 24 months in that 5-year period. In other words, the home must have been your principal residence.

Just like calculating capital gains, the formula for calculating the gain or loss involves subtracting your cost basis from your selling price.

The formula for calculating your cost basis on your main home is as follows:

Purchase price

+ Purchase costs (title & escrow fees, real estate agent commissions, etc.)

+ Improvements (replacing the roof, new furnace, etc.)

+ Selling costs (title & escrow fees, real estate agent commissions, etc.)

– Accumulated depreciation (for example, if you ever took the office in the home deduction)

= Cost Basis
And then calculating your profit or loss would be:

Selling price

– Cost Basis

     = Gain or Loss

Take a look at how many homes sold in our local Orlando real estate market for June 2014.

Orange County Real Estate Sales Statistics – June 2014

Orange County saw 14 fewer homes sold in June 2014 than June 2013, less than a 1 percent decrease. The average sales price increased by 1.1 percent and the median sales price increased by 1.1 percent from June 2013.  Market times decreased by 7 days or 1.3 percent.

Orange
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times 
June
201
4
 1,623  $222,574 $177,000 59
June
2013
1,637  $210,540  $158,375 52


Osceola County Real Estate Sales Statistics – June 2014

Osceola County homes saw home sales increased by 86 homes, a 1.8 percent increase. Prices increased with the average sales price up 1 percent and the median price increased by 5 percent.  Market Times decreased by 9 days compared to June 2013.

Osceola
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times 
June 2014 555  $165,954  $148,000 69
June 2013 469  $164,289  $140,000 60

Seminole County Real Estate Sales Statistics – June 2014

Seminole County residential sales increased by 1 percent with 64 more homes sold in June 20June 2014 levels. Market times increased by 5 days or 8 percent.

Seminole
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time 
June 2014 673  $221,624  $182,000 62
June 2014 609  $202,434  $157,470 57

Lake County Real Estate Sales Statistics – June 2014

Residential sales in Lake County increased with 34 more homes sold, a 6 percent increase. The average sales price increased by 4 percent, and the median sales price increased by 7 percent for the month compared to June 2013.  Market times decreased by 7 days or 7 percent.

Lake
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time 
June 2014 543  $163,196  $149,900 87
June 2013 509 $155,598  $140,000 94

Polk County Real Estate Sales Statistics – June 2014

Polk County saw 16 more homes sold in June 2014 compared to June 2013.  The average sales price increased by 8 percent, and the median sales price increased by 1 percent.  Market times decreased by 3 days compared to June 2013.

Polk
County
Homes
Sold
Average
Sales Price
Median
Sales Price
 Average
Market Time
June 2014 755  $130,354  $121,000 83
June 2013 780  $120,231  $105,000 86

It’s still a great time to get your best price on an Orlando home.

Information provided by Teri Isner, Orlando Avenue Top Team, Keller Williams At The Lakes.

Things To Do Orlando: 5th Annual Lake Conway Wipeout

July 22nd, 2014 by tisner

Lake Conway Wipeout was started in 2010 by a few friends who enjoy water, boats, and laughter.  After watching ABC-TV’s hit show Wipeout one night, a Facebook conversation turned into brainstorming our own version of Wipeout.

lake conway wipeout2014 marks the event’s fifth year, and it has grown from a few boating friends to over 300 boats and over 1,000 spectators.  The 5th annual Lake Conway Wipeout will take place Saturday, July 26th, 2014, from noon until 5:00pm at the sandbar on Lake Conway in Orlando.  The event is only accessible by boat, but Lake Conway does have public boat ramps.

Our crews will set up an inflatable obstacle course at Lake Conway’s sandbar and participants run the course to see who gets the best time.  It is a great family event and kids-only run the course the first two hours of the event.  Come out and laugh at your friends and family bouncing off an inflatable obstacle course on the water. We have great prizes for the winners too!

* Registration for children 8-15 starts at 10:30am until spots are filled. Everyone under 18 needs to have a legal parent or guardian present to sign their waiver form or check in. Also, must walk along the outside of the course with that child!!!!

* Registration for adults 16-up starts at 12:30pm until spots are filled. Again, anyone under 18 needs a legal parent or guardian present to sign the waiver or check in even though you are in the adult category.

* Children 8-15 will run the course from 12pm to 2pm, adults 16-up will run the course from 2:30pm to 4:30pm.

* Award Ceremony is at 4:45pm

The public ramp for Lake Conway is located on Hoffner Ave just east of Orange Ave. The sand bar is at the East side of Big Lake Conway. Check the Facebook page for updates and maps for the ramp and sandbar locations.

The event is free, but we ask you to donate via the following link the proceeds go to the Leukemia and Lymphoma Society to help wipeout blood cancers.

*Important Notice: This event is only accessible by boat. All of the shoreline near the event is private property. Anyone trespassing will be prosecuted. The shoreline and streets around the event will be monitored by local authorities, and any cars parked illegally will be towed.

Information provided by Teri Isner, Orlando Florida Realtor.

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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4 First-Time Homebuyer Mistakes To Avoid

July 18th, 2014 by tisner

First-time homebuyers owe it to themselves to do a lot of research about the finances of buying a home. Here are four first-time homebuyer mistakes to avoid.

homebuyer1. Spending the maximum amount on a mortgage a lender will loan.

Lenders often qualify buyers based on incomes and debt-to-income ratios without considering how much the borrowers spend on other budget items.

Financial experts recommend that consumers decide how much they want to spend each month on housing before meeting with a lender. It’s up to you to know your budget and to not just jump at a mortgage amount that a lender says you can afford.

2. Not getting pre-qualified.

This should be the first step toward homeownership. Many first-time homebuyers wait until they are ready to start house hunting before contacting a lender.

Buyers need to get pre-qualified early enough in the process so that they can make changes if they need to or correct errors on their credit report. Some first-time buyers may need to spend up to a year saving more money, increasing their incomes or cleaning up their credit before making an offer on a home.

3. Underestimating the importance your credit score.

While most consumers know it’s important to have a high credit score, not everyone understands how costly a low score can be. Mortgage lending is done with a tier of interest rates and terms based on consumer credit scores. Learn about credit scores the minute you start working. Many websites provide information about how to improve your credit score.

And remember, even after a mortgage approval, you must avoid applying for new credit or taking on new debt, because a second credit check is now often required before settlement.

4. Choosing the wrong mortgage product

Many first-time homebuyers opt for a 30-year fixed-rate mortgage only because it is an industry standard. Alternatives to a 30-year-fixed sometimes make more sense. For example, buyers certain they will be relocated by their companies within five years may find a 5/1 ARM could be a much better mortgage.

Homebuyers eager to build equity in their homes or who are older and want to live mortgage-free in retirement should consider a 15-year fixed-rate loan or even a 10-year mortgage to reach their goals.

Do your homework and don’t jump at a mortgage because it will buy you a bigger Orlando Florida home.

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.

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

Windermere Real Estate Market Statistics for July 2014

July 17th, 2014 by tisner

Welcome to your up-to-the-minute July 2014 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.

You will see there is detailed information about days on the market, the average selling price and median selling price as well as the number of homes sold. Just open the tab for more information.

You can also view these homes on a map or click on the tabs to the left for more detailed information.

You can also view schools and detailed community information in the 34786 zip code by selecting the tabs in the upper left.

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 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.

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

Kissimmee Real Estate Market Statistics for July 2014

July 17th, 2014 by tisner

Welcome to your up-to-the-minute July 2014 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.

You will see there is detailed information about days on the market, the average selling price and median selling price as well as the number of homes sold. Just open the tab for more information.

You can also view these homes on a map or click on the tabs to the left for more detailed information.

You can also view schools in the 34741 zip code and detailed community information by selecting the tabs in the upper left.

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 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.

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

Celebration Real Estate Market Statistics for July 2014

July 17th, 2014 by tisner

Welcome to your up-to-the-minute July 2014 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.

You will see there is detailed information about days on the market, the average selling price and median selling price as well as the number of homes sold. Just open the tab for more information.

You can also view these homes on a map or click on the tabs to the left for more detailed information.

You can also view schools in the 34747 zip code and detailed community information by selecting the tabs in the upper left.

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 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.

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

Things To Do Orlando: Park Avenue Food Walking Tour

July 15th, 2014 by tisner

The Park Avenue Walking Food Tour dishes on some of Central Florida’s best-kept secrets. This preferred tour features carefully-chosen local eats and treats (some award-winning) that add to the rich history of Winter food tourPark. All food and drink tastings are covered in your $47 ticket purchase. The burned calories for free!

On this tour, you’ll sample some of locals’ favorite dishes as you stroll across brick-laid streets that are both rich in history and culture. Adventure off the beaten path into quaint hideaways revealing gourmet treats. We trust the locals, but we tasted everything you’ll be sampling to ensure utmost tastiness.

Information courtesy of Teri Isner, Orlando FL Realtor.

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.

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

Orlando FL Real Estate Market Trends for May 2014

June 28th, 2014 by tisner

Take a look at sales figures in the Orlando FL real estate market for May 2014.

Orange County Real Estate Sales Statistics – May 2014

Orange County saw 241 fewer homes sold in May 2014 than May 2013, less than 1 percent decrease. The average sales price increased by 22 percent and the median sales price increased by 19 percent from May 2013.  Market times decreased by 13 days or 9 percent.

Orange
County
Homes Sold Average Sales Price Median Sales Price Average Market Times 
May
201
4
 1,558  $240,436 $179,450 123
May
2013
1,799  $195,690  $150,000 136

 

Osceola County Real Estate Sales Statistics – May 2014

Osceola County homes saw home sales decreased by 45 homes, a 7 percent increase. Prices increased with the average sales price up 27 percent and the median price increased by 22 percent.  Market Times decreased by 1 day compared to May 2013.

Osceola County Homes Sold Average Sales Price Median Sales Price Average Market Times 
May 2014 538  $184,487  $153,000 131
May 2013 583  $145,143  $124,900 132

 

Seminole County Real Estate Sales Statistics – May 2014

Seminole County residential sales decreased by 4 percent with 29 fewer homes sold in May 2014. The average sales price increased by less than 1 percent, and the median sales price increased by 5 percent compared to May 2014 levels. Market times decreased by 9 days or 7 percent.

Seminole
County
Homes Sold Average Sales Price Median Sales Price Average Market Time 
May 2014 644  $192,042  $168,000 111
May 2014 673  $191,671  $159,000 120

 

Lake County Real Estate Sales Statistics – May 2014

Residential sales in Lake County decreased with 12 fewer more homes sold, a 2 percent decrease. The average sales price increased by 6 percent, and the median sales price increased by 7 percent for the month compared to May 2013.  Market times decreased by 26 days or 14 percent.

Lake
County
Homes Sold Average Sales Price Median Sales Price Average Market Time 
May 2014 573  $164,009  $146,900 150
May 2013 585 $152,541  $137,000 176

 

Polk County Real Estate Sales Statistics – May 2014

Polk County saw 16 fewer homes sold in May 2014 compared to May 2013.  The average sales price increased by 5 percent, and the median sales price increased by 4 percent.  Market times decreased by 22 days compared to May 2013.

Polk
County
Homes Sold Average Sales Price Median Sales Price  Average Market Time
May 2014 857  $129,911  $118,500 136
May 2013 873  $123,248  $113,501 158

 

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.

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

Windermere Real Estate Market Statistics for June 2014

June 24th, 2014 by tisner

Welcome to your up-to-the-minute June 2014 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.

You will see there is detailed information about days on the market, the average selling price and median selling price as well as the number of homes sold. Just open the tab for more information.

You can also view these homes on a map or click on the tabs to the left for more detailed information.

You can also view schools and detailed community information in the 34786 zip code by selecting the tabs in the upper left.

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 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.

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

Celebration Real Estate Market Statistics for June 2014

June 24th, 2014 by tisner

Welcome to your up-to-the-minute June 2014 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.

You will see there is detailed information about days on the market, the average selling price and median selling price as well as the number of homes sold. Just open the tab for more information.

You can also view these homes on a map or click on the tabs to the left for more detailed information.

You can also view schools in the 34747 zip code and detailed community information by selecting the tabs in the upper left.

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 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.

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

Teri Isner, CIPS, CRS, GRI
Keller Williams At-The-Lakes
700 Celebration Blvd
Suite 300
Celebration, Fl 34747

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