Leave a comment » Options for troubled home owners - Using your home as a Vacation Rental.
Read Also: Renting out your home for Superbowl Before you list your home with one of the many vacation rental websites there are a few things that you really need to consider and some very important questions you need to ask yourself:
Read Also: So you want to purchase a Florida vacation home and rent it out
Posted on February 07, 2010 01:45:29 by Christopher Myers
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Leave a comment » Buy-Sell Balancing Act...Strategies To Keep Both Real Estate Transactions On Track
Coordination Is KeyHow do you make it all come together? The key is coordination. You need to know the critical steps to take--and in which order to take them--to successfully plan and execute your Orlando move. And what happens if, despite your best-laid plans, something goes awry? You can still get back on track and proceed with confidence--we'll show you how. Gather Information
The moment you begin thinking about making a local move is the time to start planning. We can help you pull together the critical information you need--how much your current home is worth, how much money you'll need for your next home, etc.--and we will help you scout the market to find a home that meets your needs and your budget. Posted on February 07, 2010 00:21:57 by Christopher Myers
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Leave a comment » Foreclosures Bring Down Home Prices
USA Today recently reported about how appraisals are becoming a nightmare for many homesellers because of Foreclosure sales in the area. "Across the country, agents and homebuilders are complaining too many appraisals are coming in low, scuttling deals. The National Association of Realtors says nearly one in four of its members has reported clients losing a sale due to botched appraisals. The National Association of Home Builders, meanwhile, said low appraisals were sinking a quarter of all new home sales and argues it's not fair to compare distressed properties to brand-new homes. And that gets to the heart of the problem. Roughly 40% of all home sales this year were foreclosures or short sales, meaning the property sold for less than the mortgage. In some markets, like Las Vegas and Phoenix, they've hit more than 50%." There seems to be two sets of homes on the market, distressed sales and those that are not distress sales. It is important to remember that if you are buying or selling a home to take into consideration the distressed sales in the area, be it a short sale or a foreclosure. It is important to speak with an experienced Real Estate Professional to ensure that you understand the Orlando Real Estate Market. Posted on February 06, 2010 02:12:13 by Christopher Myers
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Leave a comment » Use Creative Financing To Attract Orlando Florida Home BuyersSOLD: How to attract more Orlando Florida home buyers with seller financing
Seller holds first mortgage.When selling a home in Orlando Florida, you can lend the home buyer the money, pocket the interest payments, and hold the mortgage on the property, as long as there is no current mortgage. The tax benefits are you may be able to pay income tax only on a percentage of the principal and interest that you get each year. You probably will want a 20% down payment (to discourage default on the loan), and you'll need an attorney to draw up a deed of trust and promissory note. Seller holds second mortgageYou can help fill the gap between other sources of financing and the sales price of the house. The second mortgage is usually for a smaller amount than a first mortgage but is riskier since it could be wiped out by defaulting on the first mortgage. Real Estate financing can be tricky, so be sure to have your interests legally protected by your attorney. Posted on February 05, 2010 01:46:21 by Christopher Myers
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Leave a comment » Short Sales Can be Successful
Posted on February 04, 2010 02:25:17 by Christopher Myers
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