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Orlando, FL Real Estate News

By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Sand Lake Hills is located in the Dr Phillips section of the Orlando real estate market.  There has been 5 single family houses sold in the 4th quarter of 2007.  They sold for prices ranging from $205,000 to $335,000 with an average sale price of $290,800 and they ranged in size from 1,653 square feet to 2,694 square feet with 2 of them having pools.  They took an average of 71 days before they sold. There are presently 3 houses that are pending closing.  The asking prices for these houses range from $200,000 to $235,000 and they rang in size form 1,629 square feet to 1,788 square feet.  Two of these houses have pools.There are a total of 23 houses on the market.  They range in size from 1,818 square feet to 2,880 square feet with asking prices ranging from $247,900 to $499,900 with 14 ...
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By Jerry LaRose, Waterford Lakes, Avalon Park Fl. Realtor
(Keller Williams classic Realty)
The Waterford Lakes Area is ideally located near many Central Florida attractions, amenities, and top employers. An easy commute of approximately 30 minutes may place you at Cocoa Beach, downtown Orlando, Kennedy Space Center, Universal Studios, or Walt Disney World.Waterford Lakes Town Center features such retailers as Super Target, Best Buy, and Barnes & Noble as well as over 100 specialty shops. Across the street from the Town Center is another shopping area called The Towers which is anchored by Home Depot, Circuit City, Kohls and Sports Authority. Shopping, dining, and entertainment made easy.East Orlando employers include: University of Central Florida, Siemens Westinghouse Power Corp., Lockheed Martin, Florida Hospital East Orlando, Orlando International Airport, and Research Pa...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Winderlakes is located off of Dr Phillips Blvd in the Dr Phillips section of the Orlando real estate market.  There has been 2 single family houses sold in 2007.  They sold for $355,000 and $400,000 and they were 2,059 square feet and 2,471 square feet with one of them having a pool.  They took an average of 115 days before they sold. There are presently 2 houses that are pending closing.  The asking prices for these houses are $310,000 and $345,000 and they are 1,700 square feet and 2,188 square feet.There are a total of 4 houses on the market.  They range in size from 1,718 square feet to 3,659 square feet with asking prices ranging from $298,500 to $550,000.  Out of the 4 houses that are up for sale, 3 of them are priced at $350,000 or lower.Considering the amount of houses sold in t...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Hidden Estates is located off of Dr Phillips Blvd in the Dr Phillips section of the Orlando real estate market.  There has been 2 single family houses sold in 2007.  They sold for $379,000 and $386,000 with an average sale price of $382,500 and they were 2,276 square feet and 2,535 square feet.  They took an average of 150 days before they sold. There are presently 0 houses that are pending closing.  There are 0 houses on the market.  Considering the amount of houses sold in 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) can't be calculated since there are no houses on the market.If any additional information is required either log onto http://www.flatfeerealty.info/ and fill...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Sandy Springs is located off of Dr Phillips Blvd in the Dr Phillips section of the Orlando real estate market.  There has been 0 single family houses sold in 2007. There are presently 0 houses that are pending closing.  There are 0 houses on the market.  Considering the amount of houses sold in 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) can't be determined due to the fact no houses were sold.If any additional information is required either log onto http://www.flatfeerealty.info/ and fill out the contact us or call 321-766-7176.
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Orange Tree Country Club is located off of Dr Phillips Blvd in the Dr Phillips section of the Orlando real estate market.  There has been 3 single family houses sold in the 4th quarter of 2007.  They sold for prices ranging from $312,000 to $410,000 with an average sale price of $345,666 and they ranged in size from 1,637 square feet to 2,003 square feet with one of them having a pool.  They took an average of 131 days before they sold. There are presently 2 houses that are pending closing.  The asking prices for these houses are $425,000 and $569,500 and they are 2,064 square feet and 2,933 square feet.There are a total of 18 houses on the market.  They range in size from 1,484 square feet to 3,200 square feet with asking prices ranging from $319,000 to $565,000 and 12 of them have poo...
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
Orlando Bankruptcy - About the author: Jerry LaRose is an Orlando Area Residential Real Estate Expert, who can assist you with the purchase and/or sale of real estate in Orlando, Windermere, Winter Garden Florida or any place in the country. Jerry has created a team of professionals throughout Orlando and the country to ensure that you enjoy a smooth transition to your new area. Please visit www.JerrySellsOrlando.com for your real estate needs. Please give me a call if you have questions about the Orlando and Central Florida real estate market. Jerry LaRose, P.A., ABR, GRI, e-PRO, CLHMS, REALTOR® 407-580-7011 (Copyright © 2008 By Jerry LaRose, P.A. All Rights Reserved.)
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Hidden Springs is located off of Dr Phillips Blvd in the Dr Phillips section of the Orlando real estate market.  There has been 5 single family houses sold in the 4th quarter of 2007.  They sold for prices ranging from $335,000 to $435,000 with an average sale price of $362,350 and they ranged in size from 1,880 square feet to 2,530 square feet with all of them having pools.  They took an average of 164 days before they sold. There are presently 2 houses that are pending closing.  The asking prices for these houses range from $281,900 to $330,000 and they range in size from 1,906 square feet to 1,948 square feet.There are a total of 6 houses on the market.  They range in size from 1,871 square feet to 2,224 square feet with asking prices ranging from $299,900 to $389,900 and five of the...
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By Jerry LaRose, ABR, GRI, e-PRO, CLHMS
(Keller Williams Classic Realty)
 I've recent some inquires lately as to exactly what is a short sale. Well, below is straight from the Encylopedia. Hope it helps.  In real estate, a short sale refers to the sale of a property in which the sale price is insufficient to pay off all encumbrances and pay the expenses of sale. If the lender is convinced that the owner, for various reasons, is unable to continue making the payments the lender will often agree to take less than the full amount owed to allow the sale to close escrow. The incentive for the bank to approve a short sale is to have the property sell before the loan becomes a problem account on their books. This Process may be difficult to believe but it is a definite possibility. As stated below there are hoops to jump through. Banks are willing to allow individu...
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
I've recent some inquires lately as to exactly what is a short sale. Well, below is straight from the Encylopedia. Hope it helps. In real estate, a short sale refers to the sale of a property in which the sale price is insufficient to pay off all encumbrances and pay the expenses of sale. If the lender is convinced that the owner, for various reasons, is unable to continue making the payments the lender will often agree to take less than the full amount owed to allow the sale to close escrow. The incentive for the bank to approve a short sale is to have the property sell before the loan becomes a problem account on their books. This Process may be difficult to believe but it is a definite possibility. As stated below there are hoops to jump through. Banks are willing to allow individua...
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By Jerry LaRose, ABR, GRI, e-PRO, CLHMS
(Keller Williams Classic Realty)
One of the most common forms of buydown in use today is the 3-2-1 interest rate buydown. This is a temporary buydown, which would reduce the buyer's overall interest rate by 3% in year 1, 2% in year 2 and 1 % in year 3. This buydown can reduce the buyer's payments by up to $200 in the first year, $100 in the second year and $50 in the third year. The $200 per month reduction in payments is equivalent to giving the buyer an $800 raise in income for loan qualification purposes. It will increase the effective income ratio from 28% to approximately 38% for the buyer. Probably more importantly, it gives the buyer time to build up to the higher payments. The cost to the homebuilder or seller to provide the 3-2-1 interest rate buydown is approximately 5% of the sale price. Since many builders...
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By Jerry LaRose, Orlando, Windermere FL. Real Estate, ABR, GRI, e-PRO, CLHMS
(Orlando Realty Partners)
Below are some of the absolute Best Priced Homes in the Orlando Area. Two homes are in the highly sought after community of Windermere. One is located in Winter Garden Florida and the three others are in Orlando. There is also a Lakefront property for $499,900. This is a spectacular deal for a new home on East Lake Toho. Please feel free to give me a call at 407-580-7011 and don't forget to visit my Website at http://www.JerrySellsOrlando.com
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By Carey Light, Light Team of Wemert Group Realty
(Wemert Group Realty)
Construction is underway on the new high school in southeast Orlando.  Due to be complete by the 2009-2010 school year, this high school will be a construction prototype for future school construction.  The school consists of a number of buildings surrounding a courtyard.  The construction budget is 80 million and incorporates energy efficient features in an effort to be good stewards of the public's tax dollars.  With a capacity of 2776 students, the high school facilities will feature the latest in high technology.  Classrooms will be equipped with up to 6 computer stations for students.  The classrooms will have advanced technology systems equipped to enhance audio and video instructional presentations by the teachers.The school will be located at the intersection of Narcoossee Road ...
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By Carey Light, Light Team of Wemert Group Realty
(Wemert Group Realty)
You can request a free wind inspection through www.mysafeflorida.com This is a program already paid for with your tax dollars.  It is designed to help Florida residents identify how they might strenghten their homes against hurricanes.  The free wind inspection is performed by a qualified hurrican mitigation inspector.You must apply and obtain approval in order to receive the free inspection.  There are grants available to those that qualify.  Additionally, many homewoners discover they are entitled to discounts on their homeowners  insurance for wind resistant qualities their homes already posess, or for those they add with instruction from the free inspection.  Check out the website and see if you qualify! Warmly,Carey LightKeller Williams Advantage II12301 Lake Underhill Rd. Suite 11...
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By Judy Chapman
(Referral Network of Illinois LLC)
According to the Florida Association of Realtors®, now is a great time to buy in Florida, and to prove it, they offer arguments against the naysayers in this article. Below is my take on these arguments as they apply to the Orlando and the Central Florida area. “Nobody is buying houses anymore.” Despite all the gloom and doom, last year was the fifth-best year for house sales in U.S. history, according to Lawrence Yun, senior economist with the National Association of Realtors® (NAR). Yun also expects to see slightly higher sales levels over the next several months. And while sales in Miami and Tampa have been under stress, Orlando sees a brighter future due to job growth. “Why buy now when home prices will only go lower.” Evidenced by a modest 5% drop in prices statewide last year, sel...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Falcon Trace is located in the south central sector of the Orlando real estate market.  There have been 0 single family houses sold in the 4th quarter of 2007.  There is presently 1 house that is pending closing.  It is 3,719 square feet and the asking price is $480,000.  It has been on the market for 15 days.There are a total of 55 houses on the market ranging in size from 1,478 square feet to 3,896 square feet with asking prices ranging from $2199000 to $499,900.  Of these 55 single family dwellings available, 21 are priced at $300,000 or less.Considering the amount of houses sold in the 4th quarter of 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) can't be determined since...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Whisper Lakes is located in the south central sector of the Orlando real estate market.  There has been 1 single family houses sold in the 4th quarter of 2007 which was sold for $199,000.  The square footage was 1,582 square feet and it lasted for 16 days on the market.There are presently 4 houses that are pending closing with asking prices ranging from $179,900 to $219,000.  They range in size from 1,207 square feet to 1,612 square feet.  They have been on the market for an average of 75 days.  Remember these properties have not closed yet so the time to close will rise.There are a total of 32 houses on the market ranging in size from 918 square feet to 2,504 square feet with asking prices ranging from $174,900 to $330,000.  Of these 32 single family dwellings available 14 are priced a...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Southchase is located in the south central sector of the Orlando real estate market.  There has been 11 single family houses sold in the 4th quarter of 2007 ranging in price from $180,000 to $285,000.  The square footage ranged in size from 1,183 square feet to 2,309 square feet and they lasted an average of 101 days on the market.There are presently 8 houses that are pending closing with asking prices ranging from $179,900 to $300,000.  They range in size from 1,196 square feet to 2,842 square feet.  They have been on the market for an average of 174 days.  Remember these properties have not closed yet so the time to close will rise.There are a total of 165 houses on the market ranging in size from 902 square feet to 3,515 square feet with asking prices ranging from $129,500 to $455,00...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Pepper Mill is located in the south central sector of the Orlando real estate market.  There has been 2 single family houses sold in the 4th quarter of 2007 ranging in price from $179,000 to $230,000.  The square footage ranged in size from 1,550 square feet to 1,552 square feet and they lasted an average of 94 days on the market.There are presently 2 houses that are pending closing with asking prices of $189,900 and $212,000.  They are 1,306 square feet and 1,406 square feet.  They have been on the market for an average of 170 days.  Remember this property has not closed yet so the time to close will rise.There are a total of 26 houses on the market ranging in size from 1,306 to 1,883 square feet with asking prices ranging form $179,900 to $300,000.  Of these 26 single family dwellings...
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By Richard Carpentieri, GRI, ABR, PRM, e-PRO
(Keller Williams Realty)
Ginger Mill is located in the south central sector of the Orlando real estate market.  There has been 2 single family houses sold in the 4th quarter of 2007 ranging in price from $209,900 to $224,900.  The square footage on both houses was 1,405 and they lasted an average of 53 days on the market.There is presently 1 house that is pending closing with an asking price of $179,900.  The house is 1,081 square feet.  It has been on the market for 130 days.  Remember this property has not closed yet so the time to close will rise.There are a total of 6 houses on the market ranging in size from 1,325 to 2,250 square feet with asking prices ranging form $226,000 to $279,900.  Of these 6 single family dwellings available 5 are priced at $240,000 or lower.Considering the amount of houses sold in...
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