About Oviedo's Kingsbridge

Bounded inside Broadway (SR 419), Central (SR 434) and Mitchell Hammock, the nearly 1000 homes in Kingsbridge East and West straddle either side of beautiful Long Lake, where residents have access the community dock and can enjoy fishing, skiing and other outdoor activities . Built primarily by Centex in the latter part of the 90s, also find custom-built showcase homes along Long Lake. Convenient to all that is Oviedo, including the University of Central Florida, the UCF Arena, the Greeneway (417) Tollway, Oviedo Marketplace, and top employment centers. Add top-rated Seminole County Schools, and homeowners flock to Kingsbridge to enjoy the best Oviedo has to offer.

You may have heard that selling a house as a Short Sale is difficult. Short Sales aren’t difficult. They are tedious, time-consuming, frustrating, require a great deal of patience and enormous quantities of aspirin.

In the end, Short Sales are worth the headaches because they allow homeowners to avoid foreclosure, keep their credit from being destroyed, and move out and move on.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

What’s required to do a Short Sale? Homeowners put their house up for sale in the usual manner, wait for a qualified buyer just like any other home seller would, prepare additional paperwork, work with their real estate agent to obtain lender approval, face a few extra hurdles, wait a bit longer for the closing to take place, and finally move on.

What are the benefits of selling a house as a Short Sale?

1. Substantially reducing or completely eliminating financial liability
2. Minimizing credit damage
3. Emerging from bad credit quicker than from foreclosure
4. Taking care of the problem proactively and responsibly

What should homeowners look for in their real estate agent? The real estate agent homeowners choose should —

• Be serious about the process
• Understand what banks are looking for in terms of price
• Be ready to take on 3-4 times the work a regular sale requires
• Know how to strategically price the property to attract a buyer in weeks rather than months
• Be prepared to follow up, follow up, and follow up some more
• Be able to solve unexpected problems

These statistics for Oviedo Luxury Real Estate Sales in November 2009 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.

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.

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.

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 real estate 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.

Bounded inside Broadway (SR 419), Central (SR 434) and Mitchell Hammock, the nearly 1000 homes in Kingsbridge East and West straddle either side of beautiful Long Lake, where residents have access the community dock and can enjoy fishing, skiing and other outdoor activities . Built primarily by Centex in the latter part of the 90s, also find custom-built showcase homes along Long Lake. Convenient to all that is Oviedo, including the University of Central Florida, the UCF Arena, the Greeneway (417) Tollway, Oviedo Marketplace, and top employment centers. Add top-rated Seminole County Schools, and homeowners flock to Kingsbridge to enjoy the best Oviedo has to offer.

Properties have been listed and sold by various MLS members. Data drawn from the Mid-Florida Regional Multiple Listing Service. This report is valuable for estimating current market values in the designated community or subdivision.