Orlando, FL Real Estate News

By Teri Isner, GRI, CRS, CIPS
(Keller Williams Realty at the Lakes)
 The Commercial Association of Realtors will hold its third annual Real Estate Outlook on Jan. 24th from 8-11 am at the ballroom on Church Street.  The cost will be $25 or $190 for a table of eight.  This will include full breakfast and features Kenneth Riggs Jr. of the Real Estate REsearch Corp. as the Keynote speaker.  Register by phone at 407-774-0207 ext. 103.     Another commericial course on the Development Fundamentals for Commerical Real Estate 101 will be offered by the National association of Industrial and Office Properties on March 13-14 at the Omni Orlando Resort at Champions Gate.  Designed for entry level real estate professionals involved in commercial real estate development.  Cost $695 for non members.  You can register online at www.naiop.org.
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By Teri Isner, GRI, CRS, CIPS
(Keller Williams Realty at the Lakes)
Orlando residents will have heard that the sports center will be named the Amway Arena.  At a cost of a mere $375,000.  The arena is home to the Orlando Magic and Orlando Predators, sporting and entertainment events.  So what's in a name? The name can generate millions from rental space revenues to space for ads within the building and drops straight to the bottom line.  It has been done for ages look at Times Square or the Wrigley Field.  It appears that stadium naming rights has grown to be a 4 Billion dollar market alone.The cost depends on several factors.  Exposure to road ways, building size, city sign ordinances and just how well the building stands out.  It is now even part of the negotiating that if naming rights are not included a deal not happen.  What else makes the dollars ...
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By Teri Isner, GRI, CRS, CIPS
(Keller Williams Realty at the Lakes)
If you are moving, or need to spring clean and have items such as clothing, shoes, accessories, bedding, drapes and curtains, housewares, toys and games, tools, working tvs, radios and other small appliances in good condition you no longer need please think of for Kids sake foundation.This is a foundation that is federally and state registered as a charity that supports Big Brothers/Big Sisters agencies throughout Florida.  FKSF is non profit, will collect your items and sell them to local thrift stores to the benefit of Big Brothers and Sisters.Receits are available, and you can drop off large furniture too at the store on 8901 West Colonial Drive Ocoee, Florida 34761 or 7001 South Orange Blossom Trail, Orlando, Fl 32809You can schedule a donation pickup online at www.fksfl.com or call...
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By Jason Price, The Mortgage Rider
(Mortgage Financial Group, Inc (NMLS 219650))
It is only 55 days until the Arnold Palmer Invitational presented by MasterCard (formerly known as the Bay Hill Invitational present by MasterCard) will tee off.  This week long event is set to begin on Monday, March 12 and carry through to the 18th.(Yes, it is the new logo for the tournament)There is a great history surrounding this event that date back to 1966, when the Florida Citrus Open was help a Rio Pinar Country Club in Orlando, FL.  It was not until Palmer took up residence at Bay Hill that the tournament moved to is current course.  Over the years, the course has seen some of the greatest moments in golf history.In 1990, the course was lengthened to be an official 72 par course.  Since then, the course has been dominated by today's long game players.  The most notable of all i...
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By Taiane de Gregorio
(Sunvest Communities USA)
There is a huge difference between a house and a home:A house can be a place to eat, sleep, park your car and place all your stuff. It's a material possession and an investment.A home is where you fell comfortable, safe and protected. A home is where you live!A house is something that you buy logically.A home is an emotional purchase.When you buy real estate you have to balance your emotional wants and your logical needs, because there will certainly be a time when the two conflict.When viewing a house most people look at it emotionally and envision it as a safe, happy and comfortable home. Later when making an offer or filling out a mortgage application, your logic may begin to kick in instead. That's when buyer's remorse may come up.The trick in buying real estate is to view all decis...
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By Taiane de Gregorio
(Sunvest Communities USA)
No Major Purchase of Any KindReview the article titled, "Dont buy a car," and apply it to any major purchase that would create debt of any kind. This includes furniture, appliances, electronic equipment, jewelry, vacations and expensive weddings .Don't Move Money AroundWhen a lender reviews your loan package for approval, one of the things they are concerned about is the source of funds for your down payment and closing costs. Most likely, you will be asked to provide statements for the last two or three months on any of your liquid assets. This includes checking accounts, savings accounts, money market funds, certificates of deposit, stock statements, mutual funds, and even your company 401K and retirement accounts.If you have been moving money between accounts during that time, there ...
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By Netta Blackwood, REO/BPO Expert
(La Rosa Realty)
In an article in today Sentinel, it was reported that FLIR Systems Inc.'s of Orlando landed a share of the work related to a new $26.4 million contract to build sensor equipment for an army reconnaissance helicopter.FLIR which is based in Portland, OR received the contract from Bell Helicopter, the prime contractor on the Armed Reconnaissance Helicopter Program.FLIR Systems which makes imaging systems including infrared imaging cameras, aerial broadcast cameras and machine vision equipment for military, commercial, public safety and other applications.The fact that Orlando has received this $26.4 million contract will means a boost in the economy, job stability and hopefully a boom to the housing market.
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By Jason Price, The Mortgage Rider
(Mortgage Financial Group, Inc (NMLS 219650))
Yesterday afternoon, Marc and I had a strong urge to hit the course (need to release some aggravation.)  Marc and I were to meet a referral source in Orlando, but due to unusual circumstances the meeting was cancelled.  I did some homework and found a course that bumped their twilight rates to 2PM.  ($20/person/round... not bad considering we were thinking of getting an early round in that would have cost over $50/person/round.)Well, we ended up getting to the course 1 hour late... really bad accident on I-4.  All lanes blocked, life rescue helicopter brought, that kind of bad accident.  Well, we finally got to the course and started play.  We were excited to get on a real 72 par course after our little tournament the other week on the par 3 course (Please see law #2).  Before we even g...
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By Edward Torres
(ERA Select International)
As you look at my website you may wonder why I offer services to For Sale By Owners? Basically by assisting For Sale By Owner clients I can help maintain property values in the area. I try to assist with helping determine the appropriate price for the properties to prevent clients from unknowingly price it too low. This maintains the communities values and protects my current clients comparable listings. What other services do I offer FSBO's? Here is a quick overview: Asistance with marketing, flyer's , a FREE website, a FREE report on selling privately, a discount in closing costs, pre-approval for buyer's looking at their home, disclosure forms and a helping hand. I know what the next question is! What's in it for you? The first thing is that if the FSBO decides to list their home wit...
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By Edward Torres
(ERA Select International)
Many clients are asking about the status of the Orlando market. Well, basically it depends on who you talk to, some economists would like you to believe things are Ok.  Talk to your neighbors, co-workers and friends and the snapshot of the market is clear, it is a "BUYERS" market. Talk to your local Realtors and they are feeling the squeeze of the market shift.  Don't get me wrong I don't want to create a level of despair, but clearly the facts are the facts. Currently the inventory in metro Orlando is hovering close to 20,000 active listings, with approximately 2,500 closings per month, that relates to about 10 months worth of inventory. The other factor is that home prices are relatively staying level. The median sales price isn't a true snapshot of the current market, because seller ...
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By Edward Torres
(ERA Select International)
Many clients ask, "Is it a good time to "Buy" a home in this current market?"  Well it is an absolutely great time to buy a home in this market. You still have many of the reasons that fueled the growth specifically: interest rates that are still present. The current 30 year fixed rate just dropped last week to approx 6.14% an 11 month low for 2006. Many Buyers are on the sidelines waiting until the "bubble" burst and it hasn't happened. Seller's are re-evaluating their pricing and there are some deals to be taken, but overall prices haven't seen a dramatic change. Yes, we have seen a flattening of the real estate appreciation but this is a correction in the market which is necessary. Property values were growing at an explosive rate which incomes couldn't match that pace. As a Buyer to...
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By Alexander Harb, Dallas, Texas Real Estate Investing
(Knights Investing)
Rod Stewart will be at the newly ordained AMWAY arena (formerly the TD Waterhouse arena) January 16th...... Whoohoo ~~~~ all you Rod Stewart fans out there!!! Call Ticketmaster for your tickets! The Nutcracker (Russian Ballet style) will give it's last performance on Dec. 22nd at the PlazaTheatere --- for tickets call 407-221-8146......  For all of you who remember The Lawrence Welk Show, on Feb. 22nd from 2:00pm to 3:30pm Guy and Ralne will be at the Peabody auditoriumm in Daytona Beach.... a $75 contribution to WMFE gives you the entire show along with a complementary subscription to The Lawrence Welk Newsletter......  The world famous Lipizzaner Stallions will be Orlando Friday Dec. 29th at the AMWAY ARENA....info is at: 407-849-2020 They will be in Kissimmee Wed. and Thursday Dec. 2...
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By Netta Blackwood, REO/BPO Expert
(La Rosa Realty)
Growths in the North Orlando area just tip the scales again. After almost three years of tedious planning, the $350 million Mills Park mixed-use development will begin construction early next year. Previously, the site was home to the former Mills & Nebraska lumber yard.It is expected that over the next two or three years, 564 residential condos will be constructed in groups ranging from three to seven stories high. Eighteen two-story live / work units will also be built.Just less than 80,000 square feet of retail space will be developed for restaurants and service businesses such as a dry cleaner, said James Pelloni, chief executive officer of Pelloni Development Corp. of Lake Mary.Further plans also call for 272,800 square feet of general and medical condo-office space. The developmen...
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By Alexander Harb, Dallas, Texas Real Estate Investing
(Knights Investing)
  Even though the housing market is cooling, Orlando will finish 2006 as its second-best year in single-family existing home sales, according to the Orlando Regional Realtor Association.  Through the end of November, Realtors were involved in 25,371 transactions. That's 717 fewer sales than in 2004 and below 2005's record 31,230 transactions, but ORRA says it expects the sales totals from December to propel this year's sales past 2004's.   This past November, 1,597 homes changed hands, compared with 2,423 in November 2005 and 1,897 in November 2004. The median price for existing homes sold in November reached $250,000, up from $249,900 in November 2005 and $182,300 in November 2004. In November the avg, sle price was $300,210, up from $300,078 in 2005 and $231,339 in 2004.    During the...
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By Netta Blackwood, REO/BPO Expert
(La Rosa Realty)
For the first time in 24 years, the demonstration home for the upcoming International Builders' Show in Orlando was built in a historic downtown area of Orlando. This remodeled home offers a glimpse into the past.A remodeled home has never been featured as a showcase for the International Builders' Show. But this year, emerged The Renewed American Home, a renovated 1909 Florida vernacular house to complement the ultramodern concrete New American Home in the Lake Eola Heights Historic District downtown.The end result will feature two homes that span a century of architecture in half a city block.They cover a wide area of design and construction methods. The transition from the historical neighborhood to the condominiums and the offices on the corner works well.The graceful, light yellow ...
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By Alexander Harb, Dallas, Texas Real Estate Investing
(Knights Investing)
  When you are traveling down the highway of life at work, rest or play, there are some things to remember: Click on the picture to get a little reminder of what is most important in life. This is NOT preaching...it is just a really nice message to get you thinking and maybe....just maybe it will either get you back to where you need to be, OR it might just get you going in the right direction. It might even make you smile because you are already traveling the road of life with these attitudes.                                                                                                                               For my part it made me think AND smile.                                                                    Central Florida real estate --- it's part of my life!
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By Slava Makler
(Kelley Real Estate Group)
Was out last night w bunch of my friends in downtown Orlando again.  lol  as I was walking on central I couldn't help but notice a new sales center for what soon is to be a luxury condo complex.  Prices are kind of on the high side but the amenities and layouts are great.  Plus the location if perfect. It's right in the middle of downtown on central and rosland. 
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By Slava Makler
(Kelley Real Estate Group)
Well today is Saturday morning.  Last night I was hanging out with few of my friends in Downtown Orlando.  WOW...  The place is changing by the minute.  I remember first moving here almost two years ago and walking through Downtown thinking this is a far cry from New York City.  Fortunately, today Downtown is getting a nice face lift.  High rise condominiums are being built almost on every corner.  Most have already broke ground and are well on their way to becoming a reality.  I hope that in the next few years Downtown will be a city of its own with shops, restaurants, theaters, boutiques, and pubs within walking distance from your top floor penthouse condo.  If you a single and young in heart, Downtown is the place to live! 
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By Eli Magen
(New World Mortgages,(Mortgage Company))
Commercial goes its own way,Commercial Brokers in Central Florida are planning to establish a new organization separae from the Orlando Regional Realtor association (ORRA), in order to offer more specialized programs and services to commercial practitioners.  If all goes as planned, the new group, called (CFCAR) Central Florida Commercial Association of Realtors,would be up and running soon.About 450 commercial brokers belongs to ORRA, which has 13,000 total memberships.The new commercial association would include members from nine central florida counties: Brevard, Flagler, Lake, Marion, Orange, Osceola, Seminole, Sumter and Volusia. It will be only second stand-alone commercial.The Florida Gulf Coast Commercial Association of Realtors, was formed in Tampa Bay area, about 10 years ago....
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By Taiane de Gregorio
(Sunvest Communities USA)
Many people belive they can save considerable amount of money by selling on their own. They look at the average commission  on a house and remember stories of friends or relatives who managed to get through the process with seemingly little trouble. "Other people have sold their own homes," they say – "so why can't I?" Approximately 10 percent of American homeowners handle their own sales. But in order to do this, you'll need to realistically assess exactly what's involved. The routine parts of the job involve pricing your house accurately, determining whether or not a buyer is qualified, creating and paying for your own advertising, familiarizing yourself with enough basic real estate regulations to understand (and possibly even prepare) a real estate contract, and coordinatind detaisl...
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