About Lake Mary's Magnolia Plantation

Magnolia Plantation – Lake Mary, Florida

Pass through the gates of Magnolia Plantation and you enter a sanctuary just minutes from the best shopping and restaurants that Lake Mary has to offer.Quick drive from Lake Mary Blvd., Markham Woods Road and I-4…

Magnolia Plantation is a top choice for Orlando Execs and those looking to live the good life in one of Seminole County’s most popular guard gated, golf communities – want a personal tour?

Contact me to start looking for your Magnolia Plantation Dream Home.

See all the homes for sale in Magnolia Plantation in Lake Mary, Florida

Info & photos of the neighborhood of Magnolia Plantation, in Lake Mary, Florida

To see detailed information about November's Magnolia Plantation Home Sales - Please visit the Move To Lake Mary

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.

Magnolia Plantation Real Estate is an upscale, guard-gated, golf community located is gorgeous Lake Mary, Florida. The magnificent homes in Magnolia Plantation have considered every architectural detail, and the end result is beautifully-designed homes in an outstanding neighborhood. Magnolia Plantation offers the best in amenities, with their championship golf course weaving in and out of the community's 23 ponds and five acre park, the neighborhood features tennis and basketball courts, a soccer field and a community pool. The prestigious Magnolia Plantation Golf Club has been voted by Golf Digest as one the best places to play. This is as close as you can get to nature, while maintaining your active Florida lifestyle.

The schools zoned for Magnolia Plantation are Lake Mary Elementary School, Markham Woods Middle School, and Lake Mary High School.

Magnolia Plantation is conveniently located off Markham Woods Road and Timberbrook Drive, 2 minutes from Lake Mary Blvd., 6 minutes from Interstate 4, and 26 minutes to downtown Orlando.

MAGNOLIA PLANTATION LAKE MARY, FL MLS LISTINGS

• Location: Off Markham Woods Road and Timberbrook Drive, Avenue in Lake Mary, Florida
• Property Type: Luxury Estate Homes
• Amenities: Gated Community, Golf Community, Playground, and Tennis Courts
• Density: 500 Home Sites

To see all of the Magnolia Plantation homes for sale you can visit Magnolia Plantation Real Estate or visit our communities page and learn about the best communities around Central Florida.

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.

A few tidbits of note ...

Homes listed above $500,000 often take longer to sell than properties priced at the lower end of the market. While many houses priced below $500,000 may take 6 or 7 months to sell, homes in upscale neighborhoods may take as much as 2 years to unload.

Keep in mind that some of these sales are for Short Sales or Foreclosed/Bank-Owned properties. Under these situations, the Sold Price may be considerably below the Original List Price. Sorry to say, ‘distressed’ sales drag down the values of all the other homes in the neighborhood, whether or not they’re Short Sales or Foreclosures. On the other hand ...

Steep discounts may NOT reflect a distressed situation. Just because a house sold for considerably less than original list price doesn’t necessarily mean it was a foreclosure or short sale property. Because luxury homes are often one-of-a-kind, it’s difficult to find comparable properties that will help in determining current market value. In the end, it’s a buyer — and not the seller — who determines the market value of a property.

What’s the long-term outlook for the Orlando FL real estate market? Prices have leveled off in recent months. Even so, due to rising unemployment and foreclosure/short sale saturation, it will probably take several years — perhaps as long as a decade or more — for home prices to completely recover.

What about homeowners who are having difficulty keeping up with mortgage payments but can’t sell because their house is worth less than the amount owed on their loan? There are several solutions, but the way a Realtor^® can help is by selling the house as a Short Sale.

These smart homeowners didn’t have to lose their house to foreclosure. Instead, they hired a real estate agent to help them sell their house as a Short Sale.

By finding a ready, willing, and able buyer, they were able to stop foreclosure proceedings in their tracks and walk away with a clean ‘financial’ bill of health. In some cases, they may have had to sign a promissory note for a percentage of their total obligation. The important thing, however, is that they were able to salvage the ruinous credit rating they would have incurred with a foreclosure. Better yet, in as little as two years — or even less — they’ll be able to purchase a new home with a conventional mortgage.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

What is a Short Sale?

A Short Sale occurs when market conditions make it impossible to sell a house at a price that allows the borrower to pay off the mortgage loan and associated closing costs in full. In these cases, the mortgage lender must agree to Short Sale terms before a house can be sold. Why? Because the payback of the loan will be ‘shorted’ a significant amount and the lender will be forced to take a loss.

Understanding How a Short Sale Can Often Help

Mortgage lenders must cooperate with borrowers in order to facilitate a Short Sale. Doing so helps them avoid the even higher costs associated with foreclosure proceedings.

Selling a house as a Short Sale can be complicated and time-consuming. The same proof of financial condition submitted when the homeowners first took out their home loan must be submitted anew in order to successfully settle the loan under Short Sale conditions. Lenders must evaluate each Short Sale on a case-by-case basis, and the approval process can often be long and frustrating ... or sometimes short and sweet.

Once a purchase contract is being considered for a Short Sale, foreclosure proceedings, if there are any, can usually be put on hold.

In order to approve a Short Sale, lenders take into account several factors, among them the borrowers’ personal and financial situation, local real estate conditions, the market value of the house, and the strength of the purchase contract. Borrowers must also make a convincing argument that they —

• Cannot keep up with loan payments due to unemployment, job relocation, divorce, medical expenses, or other long-term financial crisis
• Have no choice but to sell their house
• Can’t repay the loan in full given current market values

The Process of a Short Sale

Homeowners must jump through a few extra hoops, but these extra tasks are no more difficult than the process they originally went through to purchase their house.

• Put House on the Market - Because the borrower’s lender must validate that the house was marketed and contracted at arm’s length, a homeowner cannot sell the house on his own but must list it with a real estate broker.
• Short Sale Package - Once a Sale & Purchase Contract is finalized, homeowners must assemble personal financial information that will be submitted to their lender in support of making their Short Sale claim.
• Selling & Marketing Package - Your real estate agent should put together a Market Report reflecting the selling circumstances of the house as well as the real estate conditions of the neighborhood and town.
• Lender Approval - After the lender has received everything, they will order an Appraisal or Broker’s Price Opinion, which is an independent determination of the house’s market value. Then, after evaluating everything, the bank will make a decision.

As difficult as a Short Sale may be, it’s important for homeowners to be prepared for anything and to proactively deal with any problems that come along. It’s also important for them to also contact an attorney and/or tax accountant.