Lake Mary, FL

Lake Mary is an enchanting small town located in Seminole County in Central Florida. Only 30 minutes away from downtown Orlando, Lake Mary offers its residents an array of delightful restaurants, unique and upscale shopping as well as a wide variety of recreational areas such as lakes and golf courses.

Many people in the area enjoy boating and fishing on the larger bodies of water, such as Lake Mary and Crystal Lake, and golf enthusiasts will love the Timacuan golf course, which wraps through the middle of the town.

Lake Mary was ranked number four on the Money Magazine's 2007 list of the Top 100 Places to Live in the United States. The combination of the town's economic status, reputable schools, safe streets and sense of community attributed to the city's high ranking.

As a result of the booming economy in Lake Mary and the number of larger companies located there, many commuters travel to the area for their jobs. The city, which regularly has a population of around 14,000, has a weekday population of 35,000 due to the number of people who travel to the town for work.

Now with the new residential developments, many commuters will be able to move into Lake Mary and conveniently live in the same place that they work

LAKE MARY, FL MLS LISTINGS

• Location: Seminole County, Florida.
• Property Type: Luxury Communities, Golf course Communities, Single Family Homes, Condominiums, Townhomes
• Amenities: Parks, Lakes
• Density: 14,000 Residents

To see all of The Lake Mary, Florida Foreclosures Homes For Sale you can visit Lake Mary Foreclosure Homes For Sale or visit our Bank Owned page and view all of the bank owned lisitngs by city or Community around the Central Florida area.

These statistics should give you a feel for what’s happening in the luxury segment of the Orlando FL real estate market.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

Common concerns and doubts of all home sellers

• If the list price of my house is too high, no one will buy.
• If the list price is too low, I’ll lose money.
• Since this is a bad time to sell, I’m going to wait for the market to turn around.
• While I’m waiting, house prices could take another nosedive.
• If I try to sell again, I’ll waste more months of valuable time.
• If the house remains on the market too long, buyers will wonder what’s wrong with it.
• If I do sell, the market will rebound, and I’ll lose even more money.
• I may never be able to sell the house.
• I’ll probably have to put my plans on hold indefinitely.

Instead of being paralyzed by ‘what-ifs’, start believing that you can sell. All it takes is a fresh perspective and a renewed mindset.

The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent.

In its press release, the FOMC noted that the U.S. economy “has continued to strengthen”, that the jobs markets is getting better, and that financial markets are supportive of growth.

There was no mention of the housing market's strength. The last 3 statements from the Fed included that specific verbiage.

It’s the fifth straight statement in which the Fed spoke about the economy with optimism. This should signal to markets that 2008-2009 recession is over and that economic growth is returning to U.S. economy.

The economy isn’t without threats, however, and the Fed identified several in its press release, including:....

Read the COMPLETE BLOG POST HERE:

A Simple Explanation Of The Federal Reserve Statement (January 27, 2010 Edition)

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Chris is Florida's #1 FHA Mortgage Broker and a syndicated mortgage blogger. He is regular contributor to the three leading industry blog-fronts including The Mortgage Chili Blog, My FHA Mortgage Blog, Top of Mind Networks, the newest contributor to Lenderama and recently featured on Fox35 News.

Chris can be found at
Orlando FHA Loans,
Chris[at]OrlandoMortgagePro[dot]com,
or by calling 407.377.0500 x 210

Lake Mary Luxury Homes for Sale, our office has this amazing luxury estate for sale. You will truly be impressed when you step onsite to your passage to paradise! This is a "One of a Kind" Custom Master Piece! Optional This home is often referred to as a mini resort! Not just a Luxury Estate in Lake Mary, it's a life style! Built to please any waterfront lover!

Home features:

• Paved Boat Ramp
• Offering 7,732 sq ft under roof
• Thousands of Sq ft of brick pavers including the new boat ramp, screened lanai with jacuzzi & wet bar
• Tons of outside patios
• Oversized 916 sq ft garage w/new floor coating & Extra storage
• Surround sound & Telephone
• This estate features a seperate room that can be used as a 4 person office or an in law suite, poolside media room or gaming area
• First Floor boasts a huge water front master suite tucked away by itself, everything a couple can image
• Full Guest suite
• Family Room opens to Texas sized Kitchen w/stacked stone fireplace & Yes another office or hobbie Room
• Store your favorite vintage wine in your wine closet
• Upstairs offers a massive flex room awaiting your imagination - currently used as play & work out room
• 2 Very Generous lakefront suites 17x15 w/nearby computer work stations & library
• Simply too much to mention

To schedule your private tour of this luxury lake mary estate or for more information contact us today!

New FHA guidelines were announced earlier this week. Over 30% of all new loans are FHA loans. One of the biggest rules I feel that will impact First Time Home Buyers is the reduction of seller contributions to buyers closing costs. Until recently a seller could give up to 6% the maximum amount of costs a buyer would every experience in closing costs.

Under the new rules which will begin in late Spring or Early Summer is reducing that amount from 6% to 3%. Meaning that as a first time home buyer you would not only have to come up with the 3.5% for your down payment but also another 2-3% in closing costs for a total of up to 6.5% of the purchase price. Ouch!

Because you decide to wait a few months to purchase a home or to see what the market does that waiting could cost you an additional $3000 out of pocket on a $100,000 home. Plus by then the $8000 tax credit will have expired.