Orlando Real Estate News

Relocating to Orlando, or buying a home in Central Florida?  Consider Tuscawilla!

Tuscawilla is a master planned community with more than 4,500 homes, located on the banks of Lake Jesup, in Seminole County, Florida, minutes from Downtown Orlando. Even though Tuscawilla is a small community, it lies next to a large urban area, between Oviedo and Winter Springs, Florida, just 8 miles northeast of Orlando.

Tuscawilla boasts beautiful wildlife areas, and has much to offer, including great fishing, boating, and waterskiing. There are plenty of soccer fields, basketball courts, parks with playgrounds, excellent schools, many luxury homes, and a full service country club with an amazing 18-hole golf course. 

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SOLD:  How to attract more Orlando Florida home buyers with seller financing

Like honey draws bees, creative financing can draw home buyers in Orlando Florida to the doorstep of your home for sale. Many Orlando area home buyers are motivated to buy but need help meeting mortgage-qualification rules, especially today. You can help a prospective home buyer finance the purchase of your house (and speed your sale) in several creative ways. 

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 mortgage

You 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.

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Ovideo FL Market Update - February 2009

Located a short commute from Orlando, Florida, in Seminole County, the city of Oviedo offers something for everyone, from street festivals and fireworks to swimming, fencing, martial arts, basketball, tennis, soccer, baseball and more. Jobs, schools, shopping and an active lifestyle are primary attractions for Oviedo's nearly 33,0000 residents.

Real Estate Update for Oviedo

This monthly update provides residential real estate listings and sales statistics for Oviedo, Florida. While this is an accurate overall snapshot of what's happening in the local housing market, sales trends vary from neighborhood to neighborhood and from budget-priced condo to comfortable single-family home to elegant luxury estate.

Active Listings (Real Estate for Sale):
Property being marketed for sale by a Realtor®, as contracted with the seller.

February 2009:
 • Total active listings: 527
 • Highest listing price: $2,000,000
 • Lowest listing price: $39,900
 • Average listing price: $312,379
 • Average days on the market: 175

January 2009:
 • Total active listings: 547
 • Highest listing price: $2,000,000
 • Lowest listing price: $40,000
 • Average listing price: $315,248
 • Average days on the market: 182

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