NEED TO PROFIT FROM BUYING A HOME? CHOOSE FLORIDA

TUESDAY, JULY 23, 2013

Housing Boom is Back with Buyers Flipping for Profits

So, as I was doing a new construction walk-thru at Windermere Terrace with my client yesterday, and it occurred to us that the price of the home my client is purchasing has gone up by $30,000 since he originally went to contract in February- So in a matter of 6 months he will have profited almost 10%.  That $30,000 is pure profit to him.  And mind you, he's not closing for another 6 weeks, which in that time frame the house price is slated to have another price increase (per the City Homes Salesperson).  As we spoke to the new construction sales person, Tracy, he told us stories of other buyers who were simply going to 'flip' the homes they were building and keep the profit- Yup.  The buyers did absolutely NOTHING, but go to contract on new construction at the right time and now they are going to earn a huge profit for doing so. Then today, I see this story in my news feed (see below)- 
Housing Wire News- Home Buyers Flipping Homes Story
If you want to be a new construction flipper- call me.  There are certain areas that are experiencing larger gains than others- and I can help you navigate the good vs. the better.  PLUS you get a rebate from ME, which equals even more profit.  On the "flip" side of this, my client is NOT going to flip the home he's building, even though he is buying it for retirement.  NOPE, he's going to put a pool in with the new construction winnings- something he wasn't going to do be able to do for another year.  He's super happy! 

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

May 2013 Real Estate Statistics for Central Florida

The numbers were just released today and they are staggering!  Our home prices in Central Florida (including single family homes, townhomes and condos) are up 23% from last year, with a NEW median price of $148,000.  Unbelievable.  The numbers just keep climbing.  I also found it interesting that the average days on the market stat is down to 68 days.  That is the lowest it's been since 2006 in the height of our real estate boom.  That speaks volumes!  With all of this said, it's a GREAT time to buy resale home, but an even better time to purchase NEW construction.  You can get top dollar for your home AND get great deals on new construction.  Don't forget to check out my page on facebook and sign up for my NEW CONSTRUCTION REBATE program.   New Construction Rebate Program for Florida

And if you are too busy to read this, then just watch the video of the Market Recap May 2013:Video- Market Pulse May 2013

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!