Century 21 TEAMCONNECT Dr Phillips real estate

Orlando homes for sale are situated a little differently lately, upside down. In summary, a short sale is a situation where you owe the lender more than you can sell your home for. Fortunately, in today's real estate environment lenders have become more lenient in accepting less than the full amount owed to them to avoid the lengthy and costly process of foreclosure.

What this means to you is that your family has options, but you must consult with professionals who are experienced in these type of negotiations. TeamConnect has knowledge of all the short sale procedures and our team has short sale packets ready to go. We are also partnered with a team of attorneys and title agencies who negotiate and close short sales every single day. Couple that with our extensive knowledge of the local markets like Dr Phillips, Windermere real estate and Orlando homes coupled with our pool of investors who seek buying opportunities you have a winning that benefits all parties. I

The best part for you as a seller is that any commission due us will be negotiated and paid by the lender...not you! Call TeamConnect today to discuss whether you are a candidate for a short sale. We understand that the real estate environment today can be confusing and frustrating for families so we guarantee expert advice and care while maintaining the strictest confidentiality and privacy as we discuss your personal and financial matters.

Call us today for a FREE consultation to see if a short sale will work for you. 407-516-1000

Dr Phillips Community is starting youth flag football, September 18, 2009 thru November 20th. Registration is July 27th thru September 4th, please bring a copy of birth certificate. The cost is $30.00 and that includes the jersey. Age groups for Boys and Girls 5 to 10 years of age, groupings will be 5-6, 7-8 and 9-10. VOLUNTEER COACHES are NEEDED if you are an arm chair coach give it a try! Coaches child plays free of charge, one child per coach.

Games will be in the beautiful Dr Phillips 43 acre lighted lake side park, featuring many other Field activities, like Baseball, Football, Soccer, Basketball and sand volleyball, please feel free to stop in and check it out. Phase Two coming soon with Orlando Magic donating $25 Million which includes a gym and recreation building.

For more information call DR.P. PHILLIPS COMMUNITY PARK, at 407-254-9045 and located at 8249 Buenavista Woods Bolivard or you can always call TeamConnect at 407-516-1000 your Dr Phillips Real Estate Experts.

Don't forget about the Dr. Phillips homes for sale and the newly built luxury estates off of Big Sand Lake with bike trails leading to Dr. Phillips Park, restaurant row and of course Award winning schools. There are still bank owned Orlando homes for sale and a few Dr. Phillips Luxury Homes available, which tend to be some of your better deals.

Call Century 21 Home of TeamConnect your Dr. Phillips specialist. 407-516-1000

Central Florida's real estate market has been heating up this past few months with buyers seeing value and feeling comfortable purchasing homes. Basic economics is gradual decreases in price until value comes back, WECLOME BACK VALUE, we missed you!

This Spring investors both foregin (UK and Canada) and local buyers are purchasing bank owned condominums and single family homes under 150k, many of them cash purchases. It started with the condo market and prices under 50k in April and May and since moved on to single family homes. The past 90 days just in the Hamptons there were 95 sold and pending sales and in Metro West area during the same period 418, a great start going into Summer. I think history will look back on Spring and Summer of 2009 as the bottom of the market.

Bank owned homes and condominiums were and still are hot buys starting out 2009. Priced attractive with quick response times make them good deals, unlike the messy "short sale" process. Searching the MLS for communities that used to be filled with these highly sought after properties are now coming up empty handed or at best one or two over priced properties. Looking back the first quarter of 2009 an investor would of had a field day with minimal competition and the pick of the crop. Today as soon as bank owned properties hit the MLS Realtors are quick to get the information to their buyers and most times are in a multiple offer situation with purchase prices going above list price.

Serious investors many offering cash are now purchasing multiple condominium bulk sales. Typically priced below market value these bulk sale condo units sell at 60 to 70 percent off market value. Yes there is still value and asset managers know the current activity in the Central Florida real estate market.

One community within minutes from down town Orlando and popular restaurant row in Dr. Phillips advertises units at $80,000 to $90,000 per unit but purchasing a mixed number of one and two bedroom condos you can negoticate that price in the $50,000's. Two pools, indoor racket ball, fitness room and lakefront property.

Orlando is not the only place offering bulk sales, St. Pete and the costal community will have bulk sales coming up in the next month. Opportunity is out there for people willing to look.

Central Florida's Dr. Phillips homes, Windermere and Orlando real estate markets are seeing an increase in buyer activity which bolds well going into Spring and Summer months. Agents in the office are walking with a jump in their step, phones ringing, buyers in conference rooms and offers and contracts are being signed, Gang, I think we hit bottom, in some markets.

Take a look at the numbers from the Orlando Regional Realtors Association last month, we don't have March numbers but I have a strong feeling when they do come out we'll see significant increases in properties going under contract and closing.

If you're wondering why we're not hearing this on the local news it's because they talk about previous month's activity. Sure we want to know trends so that we get a good idea of where we're going but I'm talking about March and what's going on now. The bottom of the market doesn't mean everyone can purchase either. Banks are still very tight with lending, it's a buyers market because the inventory levels are still very high but not a borrowers market. We are seeing more cash and multiple offers on bank owned homes which tend to be some of the better deals.

Make no mistake the economy's struggling and there are a lot of variables that could throw cold water on any market come back but investors are picking up properties and many times more then one. Central Florida's real estate market came crashing down in 2006 and the climb up will be slow and methodical with hiccups along the way. One thing is for sure the real estate market will come back and we'll know we hit bottom when we see significant increases in pending and closed properties. Waiting for the absolute bottom of the market you may be waving at a boat that already sailed and much of the leverage a buyer had in the past would be gone playing on a more leveled playing field.