That's right. If you are considering not paying your Realtor dues this October 31, you can sign up with our firm Sand Dollar Referrals LLC and still sell property without being a member of the local board of Realtors or the MLS.
We have 2 different plans available.
If all you want to do is refer leads of family and friends to us, we have our "Hands Off" plan where you can simply send us the lead and we will work on it for you. Or one of our Realtors can match up with you and help you buy or sell a home. When the deal closes you get a referral fee.
Or we have the "Hands On" plan where you can do nearly everything that a dues paying Realtor would do except you don't have to join the board or the MLS.
For exact details on how each plan works, visit our website at www.SandDollarReferrals.com . Then give us a call and we can set up a confidential appointment.
Serving all of Central Florida - Orlando, Winter Park, Ocoee, Winter Garden, Apopka, Kissimmee, Altamonte Springs, Lake Mary, Sanford, Oviedo, Deltona, Deland, Daytona Beach, Mount Dora, Clermont, Leesburg, Ocala, Winter Haven, Lakeland, Davenport, Melbourne, Titusville, Cocoa Beach, and more.
I was digging around through some MLS stats yesterday afternoon and put together the following numbers:
Since 7/1/2009 there were: 22,604 residential closings in the 13+ counties that comprise the Mid-Florida MLS. 6,536 were not designated as if they were a distressed sale or not - the MLS started requiring properties to be designated this way on or about September 1.
16,068 were designated as a short sale, bank owned, or neither. Of those 16,068 -- 7,582 (47.2%) were bank owned, 3,524 (21.9%) were short sales, and 4,963 (30.9%) were neither.
Of the 22,604 closings - 9,575 (42.4%) were bought with ALL CASH, 5,511 (24.4%) were bought with FHA or VA mortgages, 6,255 (27.7%) were bought with conventional mortgages, and 1,263 (5.6%) were closed using some other form of creative financing or other financing.
It is surprisng how many cash buyers are out there. It is also surprising how many sales were bank owned compared to the others. Short sales seem to dominate the properties for sale, but are low on the list of closed sales.
The Orlando Regional Realtor Association released their monthly housing statistics for Orange County and Seminole County for the month of September 2009 (area covers Orlando, Altamonte Springs, Lake Mary, Winter Garden, Winter Park, Longwood, etc.). Here is a link to the full housing report.
| ORRA Originated Sales |  |
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| Sept. 2009 | 5.09% | 15,967 | 4,030 | 3,858 | 8,790 | 857 | 846 | 1,014 | 2,151 | 97 |
Inventory levels dropped slightly from 16,361 in August to 15,967 in September. This continues the decline that started around summertime 2008.
The number of properties currently sale pending is at the highest level ever seen with 8,790 properties under contract. In September 2008, this figure was just 3,256 and in September 2007 it was just 2,012. Big change. However, as of this morning 4,371 of these pending sales were short sales which presently have less than a 1/3 chance of making it to closing. :-(
For the 3rd month in a row, the number of expired and withdrawn listings 1,860 (ones that did not sell and fell off the market) were less than the number of sold listings 2,151. While this number of solds is lower than the June, July, and August numbers it is still very strong considering that the market typically slows down once school starts back up.
The average and median sales prices declined slightly yet again. This is caused by the all the bank owned REOs and the short sales that are driving prices downward. Median price was $125,000 and Average price was $156,400 for September 2009.
The Orlando Sentinel had an article on these figures today if you want to read up on more details. The $8000 tax credit will be expiring in 6 weeks. So it if you want to tap into it, you must do so immediately.
Interesting story in today's Orlando Sentinel. It goes into depth of one man's saga to try and buy a decent home before the $8000 tax credit runs out. After 4 months of looking, the would be buyer gave up because everything he liked either sold with multiple offers or else could not pass FHA financing standards. Now that we are in mid-October, anybody that doesn't put a house under contract immediately is going to struggle to meet the deadline if they are trying to obtain conventional or FHA financing.
The story points out that nearly all of the decent affordable Orlando homes for sale are selling with multiple offers. Even the bank owned REO houses are selling with multiple offers. The ones that don't sell fast are typically condos with exorbitant fees, homes in marginal neighborhoods, or homes with substantial repairs that make them un-financeable in their current condition. Even the short sales seem to sell fairly quickly. However because a short sale can often take 3-4 months to close, buyers that want to take advantage of the $8000 tax credit before it expires on December 1 are gun-shy of trying to make an offer.
It is an interesting saga. And it will be even more interesting to see how the Central Florida home sales are affected when the tax credit does expire.
After a slight dip in August, September was one of the best months for sales in all of 2009. Buyer demand continues to mount for the $8,000 tax credit. You have to close by 11/30/09 so if you plan on buyng something and obtaining financing you need to get your offers in this week. Otherwise you might miss the deadline. Remember that the end of November contains a bunch of days off for the long Thanksgiving weekend.
191 Villa Di Este Terrace 5209 Vatican Avenue 921 Jasmine Street
1. 191 Villa Di Este Terrace, Lake Mary, FL 32746. This was a beautiful 2/2 with garage in the Notting Hill condo complex near Heathrow. This bank owned REO condo sold with multiple offers and ended up selling for significantly over the asking price. Still a bargain at just $65,000. It sold for well over 200K at the height of the boom before the foreclosure.
2. 5209 Vatican Avenue, Orlando, FL 32810. Another great short sale bargain. This was a 3/1 block home in the Lockhart area of Northwest Orlando. Great condition. Sold for just $37,500.
3. 921 Jasmine Street, Kissimmee, FL 34747. Great deal in Celebration Florida. This one had a 1st and 2nd mortgage but after some tough negotiations we were able to get this short sale closed. What a greal deal at $449,000.
4. 1732 Winged Elm Place, Winter Garden, FL 34787. Bank owned REO. Nice 4/3/3 in newer area on the west side of town. At the height of the market it sold for $340K. This sold for a great deal of just $170,000 in September.
5. 616 Yucatan Drive, Orlando, FL 32807. 3/1 block home. Handyman special, bank owned foreclosure deal. What a steal. Sold for just $30,000. You think you can make that bring a positive cash flow?
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Full service and investor-friendly Realtor - Sand Dollar Realty Group. Serving Central Florida / metro Orlando for rentals, foreclosures, short sales, REO, wholesaling, creative finance & flat fee MLS
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