Orlando, FL

East Orlando (32817) - Short Sales in October 2009

11-21-09

Judy Chapman, REALTOR® ~ Short Sales / Luxury & Lake Properties

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Office: (407) 365-9090

Mobile: (407) 227-7763

Don’t lose your home to foreclosure. These smart homeowners didn’t. Instead, they put their home on the market as a Short Sale.

Street	Date Sold	Original List Price	Sold Price	Beds	Baths	Sq Ft	Pool
ESPERANZA	10/13/09	$160,000	$70,000	3	2	1003	N
ALVERON	10/01/09	$89,900	$55,000	3	2	1230	N
WINDER	10/29/09	$98,000	$84,500	2	1	971	N
BRIDGETON	10/02/09	$145,000	$145,000	3	2	1447	N
LIPTON	10/29/09	$260,000	$147,000	4	2	1678	Y
LAKEWOOD POINTE	10/05/09	$179,000	$179,000	4	2	2086	N
UNIVERSITY ACRES	10/29/09	$249,900	$242,000	4	3	2445	N
LAKEWOOD POINTE	10/23/09	$349,000	$270,000	4	4	2903	Y

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

Because the payoff of a loan will be ‘shorted’ by a significant amount, the mortgage lender must approve a Short Sale. Handled properly, the likelihood of successfully selling your house as a Short Sale is high. Once the Short Sale is behind you, you can often get on with your life with hardly a backward glance.

A Short Sale is nothing more than putting your house up for sale in the usual manner, waiting for a qualified buyer just like any other home seller would, facing a few extra hurdles, filling out additional paperwork, waiting a bit longer for the closing to take place, and finally moving out and moving on.

Real benefits come with selling your house as a Short Sale. Among them are: 1) substantially reducing or completely eliminating financial liability, 2) minimizing damage to your credit rating, 3) emerging from bad credit quicker than you would with a foreclosure, and 4) having a sense of satisfaction that you’re taking care of the problem proactively and responsibly.

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Baldwin Park Real Estate ~ The Odds of Selling Your Luxury Home in the Next 6 Months

11-21-09

Judy Chapman, REALTOR® ~ Short Sales / Luxury & Lake Properties

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Office: (407) 365-9090

Mobile: (407) 227-7763

Pricing your Baldwin Park FL luxury home — or any home for that matter — isn’t a science. It’s an art.

Except for the pragmatic few, homeowners getting ready to put their house on the market almost always overvalue it. Often this is due to emotional attachment. Sometimes it has to do with personal pride. But the most common reason homeowners leave plenty of negotiating room at the top is because they’re afraid. Afraid of making of mistake. Afraid of losing money.

Homeowners, though, fear the wrong thing. Getting top dollar is not the primary goal. Selling is.

This is where understanding current market trends can be helpful.

Homeowners making the all-important decision of where to position their Baldwin Park FL luxury home in a crowded marketplace should obtain an analysis such as the one below, which shows the price points at which most buyers are buying.

Baldwin Park FL Luxury Homes

List Price Ranges & Odds of Selling

List Price Range	Houses Sold	For Sale	Odds of Selling
$500-$749	10	15	67%	<———
$750-$999	8	3	266%	<———	*Where would*
$1000-$1249	0	3	0%		*you want*
$1250-$1499	0	5	0%		*to position*
$1500-$1749	0	3	0%		*your*
$1750-$1999	0	2	0%		*house?*
$2000-$2999	1	1	100%	<———
More than $3000	0	1	0%
All Luxury Properties	34	19	178%

Data drawn from the My Florida Regional Multiple Listing Service during a recent 6-month period in 2009.

In the case of Baldwin Park FL luxury homes, the best chance of selling is not in the middle price ranges, but in the lower and, ironically, the upper price ranges. Once a property exceeds a certain level, discriminating buyers with discriminating tastes don’t nitpick on price so much as on amenities, quality, location, and condition. Just make sure that when you do opt for a higher price point, your house won’t disappoint buyer expectations.

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Waterford FL Real Estate - Sales in October 2009

11-20-09

Judy Chapman, REALTOR® ~ Short Sales / Luxury & Lake Properties

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Office: (407) 365-9090

Mobile: (407) 227-7763

Want to know what’s selling in your neighborhood? These statistics should give you a feel for the market value of your house.

Keep in mind that many 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.

Street	Date Sold	Original List Price	Sold Price	Beds	Baths	Sq Ft	Pool
GALBI	10/09/09	$201,900	$202,000	6	4	3514	N
SARCEE	10/05/09	$277,000	$209,000	6	2	3016	Y
CROWNCLOVER	10/02/09	$380,000	$244,000	6	4	4001	Y
ROCKLEDGE GROVE	10/05/09	$245,000	$231,800	4	2	2882	N
SHADOWBROOK	10/30/09	$335,000	$295,000	5	4	3436	N

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

If you’re a homeowner who wants to sell your house, the following should give you a better understanding of the Orlando FL marketplace.

Remember the old adage that ‘real estate is always local’. Your neighborhood may be different from the neighborhood just down the road.

Homes in Orlando are selling. In fact, they’re selling so well that thousands of homeowners just like you are moving out and moving on. Last year, 1,000 homes in Orange & Seminole counties sold every month on average. In 2009, monthly sales are averaging 1,600 homes. This represents a 60% increase! If the house down the street can sell in this difficult environment, so can yours.

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.

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Bank Owned Properties - Sold in Orlando - Investors and First Time Home Buyers

11-20-09

Heather the Realtor. Orlando & Lake Mary First Time Home Buyers & Luxury Homes

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Office: (407) 810-6304

Mobile: (407) 810-6304

This month we have had the pleasure of helping many buyers purchase their first home to investment properties. As an reo listing agent I have the insider tips and tricks it takes to get my buyers deals accepted on bank owned homes in the Orlando area. Let's take a look at the amazing deals this past month that my buyers have had the opportunity in purchasing. Values represent homes in their current condition.

Address Purchase Price List Price Appraised Value

Beechdale Ct $50,000 $67,500 $85,000

Sugar Bend Dr $18,000 $30,000

Belhaven Dr $200,000 $200,000 $222,000

S Old Mill Dr $130,000 $135,000 $137,000

Cunningham Dr $38,000 $39,000 $46,750

If you are ready to purchase your first home or investment property allow Heather Joubran and her team at Heather The Realtor show you how they cannot not only get you the best deal on a bank owned home, but get that deal accepted. We have a long list of REO/ Bank Owned Properties in our own inventory for quick purchase too!

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Vote Early and Often

11-19-09

David Welch

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Office: (407) 629-6330 x399

Mobile: (407) 924-7670

You are running out of time to vote for www.RealEstateOptimist.com. Tomorrow is the deadline to choose David Welch's Orlando Real Estate Blog as the top real estate blog in Orlando. Google already says David Welch has the top two blogs for Orlando real estate. Check for yourself, just google "Orlando real estate," and see who has the top two spots. This is organic not paid results. Thank you for your vote.