Central Florida Real Estate Blog

Bust leaves market littered with homes under $10,000.

Homeowners might be on hook in civil action in Trayvon Martins death.

This clearly shows the need to have some very specific boundaries and rules for homeowners who get together on neighborhood watch groups and really in any other activity where the entire community will be affected. One of the things I most commonly see as a Realtor® is the fact that many homeowner do not take an interest in what’s happening in their HOA, and only realize their folly when incidents like this happen. I strongly recommend everyone who lives in a community with an HOA to get a copy of the bylaws read them and also to actively participate in HOA meetings and groups to stay informed.

How foreclosures affect buyers and sellers.

Seminole judges schedule: 300 foreclosure cases in 3 days.

State may expedite Florida foreclosures.

As predicted after the long hiatus brought by the robo-signing debacle, foreclosures will again become a large part of our housing inventory, increasing downward pressure on home prices in the Central Florida area. For those folks looking to sell their home in a non-distressed situation, waiting to place their home on the market will only add to your woes. If you are looking to sell your home listing now rather than later will make quite a difference in your bottom line.

Bank of America renter program could help its bottom line.

Overcome mental roadblocks that lead to foreclosure

A sad reality in today’s real estate market, lots of folks loosing their home to foreclosure, and with foreclosure filing activity on the rise over the last couple of months it is only going to get worse. The best advice I can give any of my friends facing this situation is to ACT QUICKLY! A foreclosure will not go away by ignoring it, your options for a workout with your lender will only diminish as time goes by. If you want more information on how to handle this situation visit www.simplifyingshortsales.com.

www.realestatesalestrends.com

Our market is adjusting, (Again!) foreclosure inventory has substantially decreased, short sales are on the rise but also normal,  non-distressed sales have also increased in price and number.

If you were looking to sell or your previous listing expired, maybe it’s time to reassess your situation. There are tremendous incentives for all types of buyers in our market today; prices are still very affordable, interest rates are down to historical lows, but most importantly for a home seller inventory is low, low, low. With so many less options on the market as well as the short sale delays and the bidding wars on the few “bank owned” properties coming on the market, if you need to sell the least you can do is to obtain and analyze the current market data.

We provide with a free, no-hassle, no-obligation way of doing this by just visiting www.realestatesalestrends.com, oh! before I forget, there’s also no need to speak to an agent.

Once again we can see an overall improvement in the market conditions in the Orlando Area, some of the most relevant statistics are:

• Median Home Price has risen 18.8% since January 2011
• Home inventory is the lowest since 2005, with only a 4.8 month supply of homes
• Foreclosure sales are down 38.5% and the median price of a foreclosure rose up to 13.5 relieving some of the downward pull on home prices.