Orlando Florida's Housing Market Crunch Continues

The market pulse for June doesn't look any better for buyers.  Multiple offers and ALL CASH buyers dominate the market, which fuel the housing prices.  If you are a first time home buyer or even a move up buyer, you are being pushed out of today's housing market.  This is why new construction is such a better medium for home buyers- no multiple offer bidding wars and you get a rebate from ME!

If you are a seller- now is the time.  The forecast for the fall is that inventory is going to loosen up, so you will see prices stabilize.

Orlando Market Pulse - YouTube Video

The New App for the MLS in Florida is Here!

If you want the most comprehensive app out there for looking at homes online- these are the ones to use!
Did you know that Zillow, Trulia, Homefinder, RedFin, Realestate.com, Home.com and all the others are not   'real time' based.  Meaning that you may look on those sites, but the results are not up to date.  If you want up to the minute accurate results on your mobile device you should ONLY use the MLS app.  And if you are on the PC or laptop, you should be using Realtor.com.  That website is linked directly to the MLS and if a property goes into the 'Pending' status, it falls OFF the Realtor.com website.  Which means you won't be looking at a house online that is already gone. All of the other website (including my own) are designed to generate leads.  If it's run by an agent, then it's designed to generate leads that go directly to that agent.  If it's run by a large corporation, like Zillow or Trulia, then they harvest those leads and sell them back to real estate agents as a source of income.  Soooooo, if you just want information, and not a sales pitch, use the app below or Realtor.com ;-)  Enjoy!
OH- and if you want to earn 1% back on your purchase, just ask me how.  Click on my facebook page and see the details- no pressure and completely anonymous.

MLS App for Android Phones
MLS App for IPhones

Mortgage rates post largest weekly increase in 25-years!

It's beginning to happen- Interest rates are up 1% over this time last year.  And that equates to $100's on your mortgage payment, but will also affect how much of a house you can afford.  Federal Reserve is now tapering off their stimulus program and we will beginning to continue to see increases until interest rates are what they used to be (between 7-8%). Don't miss the boat!  If you are thinking of buying, do it sooner than later.  The average interest rate today hovers around 4.5%.  Read the rest of the article for more disturbing information regarding where interest rates are going and how fast:
Mortgage rates post largest weekly increase in 25-years!

The Banks Can Still Come After You Years After Foreclosure!

This is a pretty long article and worth the read, BUT if you don't have the time, it basically states that if you just walk away from your property, chances are the bank will come after you.  And depending on where you live they could pursue you for up to 36 years.  BUT if you do a strategic foreclosure OR a short sale and you have debt forgiveness clauses in your closing documents, then you will be fine.  Hire an attorney and real estate professional- trust me it could be worth hundreds of thousands of dollars to you and many nights sleep.  Call or inbox me if you need any guidance.

Washington Post Article on Foreclosure Debt

Market Conditions for Orlando Florida homes- April 2013

Curious about the market here in Orlando?  Below is a snapshot of the current market conditions for Orlando pertaining to single family home, townhomes and condos.  Basically the inventory is steady, comparatively - from the last few months. Which means- the market is still on FIRE!  If you are not in the mood to deal with the fierce competition, then new construction is always a GREAT way around that.  Check out my other blog:  Florida New Construction Rebate Program   In addition, I rebate 1% back to you on ANY new construction in the state of Florida.  Ask me how!

KB's Vineyards- the most affordable new construction in Windermere

The newest development in Windermere by KB Homes has so many nice surprises, starting with the starting price point.  You can get a NEW single family home with a Windermere address for under $250,000, PLUS they are allowing you to customize your interior, which is unusual in this price bracket.  KB Homes has pulled models from their Mabel and Summerport communities to try and appeal to the masses.  There are homes with front loading and rear loading garages, plus did I mention this community comes with lawn care maintenance included in the monthly maintenance fee?!  Some of the other little features I really like are the unusual niches inside the home and the double pane windows.  Below you will find the preliminary pricing sheets.  It's my understanding that these prices will be increasing very soon after opening.  I've also attached the models available and their elevations.  I will be posting photos of the finished product in my next blog. And don't forget if you are interested in any of these homes or any other new construction communities, I would love to help you! And like always- I will rebate 1% of the purchase price of the home back to you at closing!    See the details of the rebate here:
https://www.facebook.com/NewConstructionInOrlando

The entrance to the subdivision.