Light Up Mount Dora November 29, 2008
(Saturday after Thanksgiving)
Join us in lighting Donnelly Park and Downtown Mount Dora with close to 2 million sparkling lights! Wonderful Holiday Season Entertainment and festivities including Community Choir, Ballet, Soloist, Singalongs and Santa!!
It's a great event for the entire family. If you get there early be sure to bring a blanket and chair.
Location: Donnelly Park
Times: 4:30pm-9pm
VISIT WWW.LAKECOUNTYHOMEPROS.COM for details undet the Mount Dora section and events.
Happy Holidays!
Ray Levy
Smart Money Continues to seek Real Estate. Especially in the Mount Dora Area. As I said before this is a destination area for investors and new Residents.
Buyers are selecting the best properties at very aggressive prices. We are seeing multiple offers on these homes.
There will be a large inventory of bank-owned homes in the coming months, but we will notice a decline in the quality of these homes for two main reasons:
1.) Homes have not been properly maintained for a long duration
2.) Early investors have snapped up the best values.
We sold a home at the Gables in Eustis.
3BR 2BA 1680 S.F.
Fireplace
Gables Drive Eustis, FL
Subdivision Name: 44 Gables List Price: $169,900 Selling Price: 159,000
Closed on: 10/22/08
Selling Agent: Ray and Karen Levy Selling Office: Coldwell Banker Camelot Realty
Happy House Hunting!
Ray Levy
Scenes From Unleash The power Within Orlando FL October 31 Through November 3rd 2008. It was an Amazing Weekend. "We Can Do Whatever We Put Our Minds To!!" If You Have ever attended or wanted to attend a Tony Robbins UPW event please POST here for everyone to read. Thanks in advance!
I would like to thank Bridget from Austrailia for being kind enough to make this all possible for me. You are a great example of the kind of people involved with this organization!
I've added numerous picture so my friends who attended UPW (UNLEASH THE POWER WITHIN) can once again, experience what we achieved there.
For the rest of you look at the smiles on the peoples faces. I've tried to convey the experience for your enjoyment.
Make Your Life a Masterpiece!
Most Common Statement At The Event: "My life has been changed"
A few take-away thoughts from the seminar.
Most Common Statement At The Event: "My life has been changed Forever"
Here is one example of the music at UPW Orlando http://www.youtube.com/watch?v=GtVHGLxlvbM
This is What We Learned at UPW Orlando. Above is the Fire We Walked Across!!
YOU WILL WALK ACROSS FIRE TONIGHT!!!
Back From IRAQ attending UPW in Orlando! Thanks for supporting our country.
ABOVE: Ray Levy at Unleash The Power Within Orlando FL 2008
Good Morning Firewalkers at Tony Robbins UPW Orlando!
Volunteers on stage at Unleash the Power within Orlando 2008
Ray and Karen Levy
Top Selling Team at Coldwell Banker Camelot Realty Mount Dora, FL
The Federal Reserve cut its federal funds rate 1%, The Price of a gallon of gas in our area is about $2.30 a gallon. The combination of lower home prices and low interest rates have increased real estate activity in our area.
As I mentioned earlier, the high percentage of cash buyers is an early signal that home pricing is becoming attractive. These are the same investors that sold at the peak of the market just a few years ago. Cash buyers can snap up quality homes at competitive prices.
Actually, buyers who require a lender can also buy at wholesale prices if they are prepared to strike when the best deals hit the market. It's not unusual to see quality properties sell for 20% below Fair Market Value in our area.
If you read the next paragraph you will see that buyers requiring financing are preparing to make their move.
Applications for home loans are on the rise. The Mortgage Bankers Association mortgage application index showed that mortgage applications jumped from an eight year low last week. The index jumped 16.8% to 476.7 in the week ending October 24. The group's purchase index was up 8.5% to 303.1 while its refinancing index was up 28.5% to 1,489.4.
Sir John Templeton a well know Billionaire made most of his money after the great depression and the following recessions. Here is a link to his biography http://www.counterbalance.net/bio/johnt-body.html
I know there is a lot of fear out there right now and that is okay. You can either crawl in a hole and or you can look at the situation and say what opportunities are out there for me and my customers.
Have a great day!
Ray Levy
352-978-8551
Japan's Nikkei surged 6.41% Earlier today the Dow Jones Industrial Average was up 114.85 to 8290.62.
The S&P Case-Shiller Home Price index dropped 1.1% for the month of September, marking the 25th consecutive month that home prices have declined, and indicating a decline of 17.7% for the year.
Watch for an increase in sales as prices fall back to pre-2004 pricing with a good supply of money flowing into real estate.
Local finanical expert "Gerry Suarez" has stated that there is a healthy supply of money available to qualified lenders"
The most highly anticipated Fed rate cut should be announced sometime Wednesday. Don't be surprised if it comes today. The Fed could go as far as a full 1 percentage point reduction.
The prime rate is currently 4.5%, but a full percentage point reduction would drop it to 3.5%.
It appears as though we are on the brink of a perfect storm for investors and first time home buyers.
Look for an increase in activity for our area during the fourth quarter of 2008.
Happy Deal Hunting!!
Karen and Ray Levy
352-978-8551
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved