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Our newest deals are just days on the market, and in the lower price ranges that yield the higher returns! (Still keeping us in the great area’s that attract great renters of course)
Link to all Deals of the week, click the top left of the screen for a drop down of all 6 - 02-Res Customer Synopsis
13205 Briar Forest asking $110,000
Across from the prestigious Stoneybrook East Golf community and in the highly attractive 32828 zip code this property will rent very well with little needed to get rent ready between $1200-$1300/mo. giving it far above average returns.
530 Pinebranch Cir #530 asking $99,900
Located within highly sought after Seminole County school districts, this suburb of Orlando is just a few minutes to major employment centers, set in a developed but extremely quiet, rural feeling town of Oviedo. This property is sure to provide above average returns renting for between 1100-1200/mo.
296 Solaris Wharf asking $102,000
Also in highly desirable Seminole County, across the street from the Tuskawilla Town center. The builder is successfully building the last few units in the neighborhood, and selling them at 137K+! Renting at $1100-$1175/mo providing average to slightly above average returns while holding, and the built in appreciation potential gives this property quite an edge.
277 Short St asking $152,900
This single family home located in the city of Lake Mary is one of the lowest priced newer homes in the city that was voted the #4 best place to live in the nation by CNN and Money Magazine. With an estimated rent between 1500-1700/mo this home has what a good investment likes. Unfortunately this home already has offers on it and the seller is closing out bids first thing Monday 3/12/12!
831 N Ferncreek #101 asking $154,900
This downtown condo is just north of all the hustle and bustle of the city, but still biking distance to all it has to offer. Very quiet and safe area of higher end homes, this high end condo will attract all the tenants you will want with rents estimated between 1350-1500/mo. With no-where else to build in the area, this type of property definitely can’t be built for this low a cost, pressuring future appreciation. Additional pictures available.
13935 Daniels Landing asking $96,900
One of the most consistent neighborhoods to produce “deals of the week” this one is a rare 3 bedroom unit that demands a premium rent between 1150-1250/mo and rents within days. Be prepared to compete for properties in this neighborhood though, especially with this bank owner not accepting offers from investors until 3/23/12.
Your Orlando Home Expert
Direct: 407-222-7281
GregMTraub@gmail.com
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If you read, listen or watch the news it's almost impossible to escape from the latest report on the housing market. Much of what you hear is based on a national level and leaves many questions about what's going on here at home.
This is what's happening here; the Lake Mary housing inventory is down 30% from the same time last year and the distressed property inventory is down 4%. There were 36 home sales last month, up from 23 home sales in February of 2011. We are expecting the Seminole County real estate market start heat up (along with the weather) and sales rise as we enter the spring buying season.
If you have been thinking about selling your home and are underwater on your mortgage, you may want to consider a Short Sale. The debt forgiveness act continues to give homeowners relief through 2012, but homeowners who want to take advantage of this opportunity need to act soon. A Lake Mary Short Sale is a viable alternative to foreclosure and provides homeowner to homeowner transfer where the property and community benefit from the avoidance of a foreclosure and an abandoned home.
Please contact us if you have questions about our local real estate market...
Call/Text 407-758-1020 or email the Move To Lake Mary team.

Lake Mary Homes For Sale: 205 Homes
Distressed Property Inventory = 29%
Read the rest of the post on MoveToLakeMary.com
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Another month is behind us and we even got an extra day thanks to leap year. The Orlando weather has been warmer than usual this Winter and buyers are back. Inventory continues to fly off the shelves and interest rates are at record lows. Below is a sampling of some of the great deals that we sold in February 2012.
Yellowood Mainsail Holbrook
1. Yellowood Ct, Altamonte Springs, FL 32714. Big 3/2 townhouse in Oakland Village. Bank owned foreclosure. Had roof issues and bad smells. But sold cheap enough. $45,000 to a cash buyer. Cash is king!
2. Lake Of The Woods Blvd, Casselberry, FL 32707. 2/2 condo in Ashwood condos near Fern Park. Spacious unit with lots of upgraded features. Walking distance to shopping. Community pool and more. Sold for $32,500 - are you kidding me - what a steal!
3. Mainsail Ct, Orlando, FL 32807. 3/2 pool home in Englewood Park in East Orlando. Quick drive into downtown Orlando and the airport. That sparkling pool made somebody's Winter just a little bit warmer, didn't it? Sold to a new FHA buyer for $118,000.
4. Holbrook Cir, Lake Mary, FL 32746. 3/2/2 block home in Lakewood at the Crossings. Top Seminole County schools, convenient to everything, and right near our local high-tech jobs corridor. Updated and remodeled to the 10s. Sold for $165,000.
5. Miranda Cir, Orlando, FL 32818. 3/2/2 in Hiawassee Meadows. Short sale property that we successfully negotiated and got it done. Seller's loss was an investor buyer's gain at just $47,000.
6. Fountain Rd, Deltona, FL 32738. 4/2/2 in Deltona Lakes. Beautiful home in great condition. Sold to a new FHA buyer for $75,000.
7. Stratemeyer Dr, Orlando, FL 32839. 4/2/2 pool home in Lake Jessamine Estates in beautiful Edgewood. REO bank foreclosure property. Sold to a new homeowner for $120,000.
Notice above that only 3 of the 7 were foreclosures or short sales. Although Florida was ground zero for much of the foreclosure mess, most of those properties have sold and a smaller and smaller amount are still left available - meaning more traditional sellers and easier negotiating between buyer & seller. We would love to help you buy or sell your next home in Central Florida.
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According to Realty Trac, there is an estimated 368,000 backlogged foreclosure cases in Florida.
On Monday, February 27, 2012 there was a 6-4 vote in a meeting held of the Senate Banking and Insurance Committee on a proposal commonly known as SB1890, which is a bill that was designed to shorten the time a bank would have to wait to pursue a foreclosure on abandoned homes.
While there are opponets to the bill from those who fear that homeowners won't have "their day in court," there are just as many advocates for the bill from others who believe that abandoned homes are only stalling the recovery of the housing market.
The proposal states that any lien holder could fast-track the foreclosure process if a property is abandoned or the homeowner doesn't defend their situation within 20 days of being served.
And so, each side of the proposal shall now be pushing for their side to prevail.
If your vote were to be counted, which side would you choose?
And, at what point would you say a home has been "abandoned?
Helping homeowners prevent foreclosure is one of my passions. As a Certified Distressed Property Expert, I welcome the opportunity to chat with you about selling your home as a short sale. There are many more options available to sellers today than in year's past and advocating for our sellers is what I love most about selling real estate in Central Florida. Contact me for a confidential, no-obligation review of your situation...at NO COST to you!
Happy Selling!
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