Where are the best townhome deals on the east side today? Clearly, it’s Avalon Park & Spring Isle where 19 sales closed in the past 60 days (only two were normal sales). That’s nearly as many as the 26 single family home sales in the same period.
What’s happening here & why is Avalon Park & Spring Isle so hot? Simple…great location…great value. These communities are nearly new with desirable community amenities like pools, tennis, parks, basketball, dog parks all within a mile to shopping, dining & the YMCA.
Even more proof of the strong demand for townhomes in these communities – there are 66 homes under contract & expected to close in the next several months. Check out available homes while you can still get them.
Apr 28, 2010
Tight Home Inventory in Waterford Lakes
Waterford Lakes is experiencing low levels of inventory & high levels of homes that are under contract, but awaiting close. What does this mean to a buyer or seller? To a buyer, it means being ready & waiting for new homes to come on the market & to be prepared for the likelihood of multiple offers yet again. To a seller, it represents high demand for this great family community & heck, maybe it is time to sell again.
Though Waterford Lakes is a sprawling community with thousands of homes across many price levels, presently there are only 32 homes available for sale from $140,000 to $345,000. Active homes here
Also important to consider is the number of home presently under contract, but awaiting close. Presently, there are 30 homes under contract from $96,000 to $330,000 and expected to close over the next several months. Pending homes here
Though Waterford Lakes is a sprawling community with thousands of homes across many price levels, presently there are only 32 homes available for sale from $140,000 to $345,000. Active homes here
Also important to consider is the number of home presently under contract, but awaiting close. Presently, there are 30 homes under contract from $96,000 to $330,000 and expected to close over the next several months. Pending homes here
Apr 11, 2010
Year of the Short Sale
Homeowners who are underwater and struggling to offload their homes through a short sale may get relief soon through Home Affordable Foreclosure Alternatives (HAFA). Part of the government’s Making Home Affordable program, HAFA is designed to incent borrowers & lenders to avoid foreclosure. It takes effect 4/5/2010 -12/31/2012 and is aimed at homeowners who are eligible for a loan modification, but unable to complete the process.
Read the whole story from smartmoney.com.
Read the whole story from smartmoney.com.
Apr 8, 2010
10 Things Home Inspectors Won't Say
If you’re buying a home, you will most likely be hiring a home inspector once you’re under contract. Want the inside scoop…
Read the whole story from smartmoney.com.
Read the whole story from smartmoney.com.
Apr 6, 2010
Rybolt Park: Voted Down
Rybolt Park could have been a $1.2 billion development in East Orlando, a little city to accommodate UCF's booming population. The 1,440-acre cattle ranch would have been developed over 10 years into 5,000 homes, 150,000 square feet of retail, 922,000 square feet of office space, 1.1 million square feet of research park and 335 acres of parks and trails. But commissioners voted against submitting the project's plan to the Florida Department of Community Affairs, essentially killing the project.
Read the whole story from East Orlando Sun.
Read the whole story from East Orlando Sun.
Apr 1, 2010
Precautions For Buying 'As Is'
An ‘as is’ clause in your sale contract means that the seller will not make guarantees as to the property's condition and will not make any repairs. Buying ‘as is’ means you are agreeing to shoulder the costs for any obvious defects from ripped screens to stained carpeting.
Read the whole story from wsj.com.
Read the whole story from wsj.com.
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