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LaShawn Norden, REALTOR, (321) 377-0157 Your Real Estate Advocate in Florida

Arts, Crafts & Kisses from a Camel...All at the City of Lake Mary Festival of Arts & Crafts on March 7th

The City of Lake Mary is hosting a Festival of Arts & Crafts on Saturday, March 7th from 10:00am until 3:00pm and you are invited!

The event is sponsored by the Lake Mary Historical Society and will be held at Lake Mary Central Park at City Hall, which is at the corner of Lake Mary Blvd. and Country Club Road.

In addition to a featuring a variety of artists and select purveyors of goods & services, there will also be games for children of all ages, plenty of food, lots of entertainment and of course...Gus Jr, the Kissing Camel!

Admission is FREE and the weather is expected to be sunny and warm, which is just another reason why many choose to call Lake Mary "home!"

If you are considering a move to Lake Mary, Florida, which is located just north of Orlando, I would welcome the opportunity to show you around town so that you too can discover why this is a great place to live, work & play!

As a full-time REALTOR who often works with Relocation Buyers, I give Lake Mary a thumbs up!! As a matter of fact, I myself graduated from Lake Mary schools (notice I didn't mention how long ago!) and am now raising a family here too!

For additional information on the Festival of Arts & Crafts or other Lake Mary events, I would encourage you to visit the City of Lake Mary website here.

For information on area tours, real estate market updates and relocation information, please text or call me at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty, (321) 377-0157, Lake Mary, Florida, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

Settlement between NAR & DOJ = New Listing Agreements & More Options for Central Florida Sellers

After five years of negotiation between the National Association of REALTORS (NAR) and the Department of Justice (DOJ), a settlement has been reached that has resulted in the requirement of new listing agreements that provide more options for Sellers, who can now elect what marketing efforts their brokers provide when listing their home for sale.

Specifically, the settlement requires that Central Florida Sellers now be given more choices when it comes to the display of their property on the Internet. The new listing agreements now give Sellers the option to decide if they want their listing to be advertised on the Internet or not. If they do authorize the broker to advertise on the Internet, they can also specify whether or not they will allow for a property valuation tool to also appear with their listing and whether or not bloggers can comment on their property.

Since most Buyers start their search for a property on the Internet, I strongly encourage Sellers to allow their Broker to advertise there, but I would caution those same Sellers from considering the property valuation & blogging tool...as that valuation and the Buyer's comments can been seen by all...which may not be to the Seller's advantage if the comments are not positive.

When hiring a Real Estate agent to sell your Central Florida property, be sure that they are now using the new Exclusive Right of Sale Listing Agreement for Transaction Brokers (ERS-13tb), which complies with the settlement ruling earlier this month.

For more information, please read the notice & the affected forms on the Florida Association of REALTORS website here.

As a full-time professional REALTOR, it's my duty to inform Sellers of what their options are when selling their home. If you are in need of Real Estate representation from someone who is "in the know," I'd welcome the opportunity to assist you!

Please feel free to text or call me at (321) 377-0157 for a complimentary market analysis for your Seminole or Orange County home!

LaShawn Norden, PA, REALTOR, Your Seminole & Orange County Real Estate Advocate, (321) 377-0157, RE/MAX Central Realty, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

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If You Have a Home in Central Florida with a Septic Tank...READ THIS!

In an effort to limit potentially hazardous nitrogen seepage from septic systems, the Florida Department of Health could require homeowners who have properties within the Wekiva Study Area (WSA) to install a new septic system when they sell their home...at a cost estimated to be as high as $10,000 per property.

On February 19, 2009, the Department of Health presented "rule language" to the Review Committee, who also heard from consumers, REALTORS®, and Florida Association of REALTORS® lobbyists who all suggested that a ruling of this type could impact more than 50,000 residents and negatively impact the already sensitive real estate market.

As a result, the passing of this new rule has been delayed for the time being. While there is no guarantee that it won't be enacted in the future, those homeowners with septic tanks are protected for the short term.

For more information on the Florida Department of Health's proposed plan, I would encourage you to visit their website and read more about this proposed new ruling here.

To obtain a copy of the map of the Wekiva Study Area (WSA) to see if your home will be impacted, text or call me at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty (321) 377-0157, LaShawn@LaShawnNorden.com

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When It Comes To Florida Real Estate, I've Come To Realize: Opinions Are Like Belly Buttons...

...Everybody has one.

Yes, even the teenage cashier at the local grocery store has an opinion about the real estate market, how you could market your home for sale or how you should handle the negotiations of your short sale or loan modification. If you think about it, there's probably at least one person you know who is quick to offer their opinion on how you should handle any given situation, although they may have no real experience or knowledge on the topic at hand.

Interestingly enough, the more I think about why consumers seek the opinions of others, the more I realize that having multiple opinions is not necessarily a bad thing...as long as you are getting those opinions from professionals who have knowledge, experience and a proven track record in the field they are advising you about.

With that being said, one of the best ways to find someone who has an opinion worth considering is to ask your friends, family, co-workers or neighbors for a referral to a real estate agent.

Unless they want you to fail, most people will refer you to a real estate professional who has advanced education, years of service, a proven record and references they can provide...which is exactly the kind of person you might need to help you.

While this post is written with the real estate market in mind, it is advice that we could all follow for any professional we are seeking to hire.

For a copy of my references as an experienced Real Estate agent who advocates for Buyers and Sellers in Seminole or Orange County, which is located in Central Florida, text or call me at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com or visit my website here.

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty, (321) 377-0157, LaShawn@LaShawnNorden.com

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Part III: How Loss Mitigation Companies Can Impact a Buyer's Offer on a Short Sale

This series is related to Loss Mitigation companies and how they impact Sellers and Buyers in a short sale transaction. You can read Part I here and Part II here.

Now that you've had a moment to get caught up with the first two segments, it's worthwhile to think about the impact Loss Mitigation companies have on a Buyer and their offer on a short sale property.

While some Sellers and their real estate agents believe that having a Loss Mitigation company involved in the transaction is a benefit, if you are a Buyer or a Buyer's Agent, I would caution you to consider the following before believing the same:

There is a potential cost to the Buyer. Loss Mitigation companies do not work for free. With that being said, someone has to pay the "fee" charged by the Loss Mitigation company.

Most companies I have researched charge a percentage of the sales price, ranging from .5% to more than 2%. Typically, Loss Mitigation companies ask the Seller's lender to pay their fees...which means that those same lenders will net less by having a Loss Mitigation company involved. As a result, the offer the Buyer submits may not be accepted by the bank...or at a minimum, may be counter-offered by a higher price to offset the fees charged by the Loss Mitigation company.

Negotiations are being handled by a vested third party. Loss Mitigation companies generally take over the negotiation with the Seller's lender(s) regarding the Buyer's offer. While in itself this is not a problem, it could result in one if the Loss Mitigation company suggests that the Buyer or the Seller will agree to anything other than what is agreed to in writing on the sales contract.

There is no guarantee....that the Buyer's contract will be approved...or, that it will be approved faster (and at a lower price) than if the Loss Mitigation company wasn't involved. While I'm not suggesting that there is ever a guarantee, I do believe that Buyers and their Real Estate agents need to know what impact a Loss Mitigation company may have on their offer.

Regardless of whether you are a Buyer, a Buyer's Agent, a Seller or a Listing Agent, it is important for you to know what impact a Loss Mitigation company can have on a short-sale negotiations.

For additional information on selling or buying short-sale property in Seminole or Orange County, Florida, call or text me at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty, (321) 377-0157, LaShawn@LaShawnNorden.com

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