The Orlando Condo Blog

Miriada condos are just 10 minutes from Orlando International Airport and are offering special financing through Wells Fargo. Call us for a tour and you will also get up to 5% of the purchase price for closing costs, HOA dues or mortgage rate buydown!
Kitchens have granite, stainless steel appliances with wine refrigerator and more included.

Call [...]

This just in from our friends at CondoDomain:
Deal or no deal?
Well that all depends on who wins the election. At least for one New York condo buyer, who says if Obama doesn’t win then he doesn’t want the condo. It’s in the contract. You’ve gotta love it.
And you can’t blame him.
See the original article at Bloomberg.com.

We’ve put Millennium Palms condos out out there a few times over the last couple of years because it’s always been priced below the competition and despite the neighborhood not being the most expensive in town, the pricing and comprehensive upgrades make it trememdous value for money.
Now, in an effort to sell out the developer [...]

One thing we have managed to predict lately was perhaps obvious: that the incredible window of opportunity that our British friends had to purchase here in Florida would be drawing to a close in the fourth quarter of 2008. We urged them to lock in rates quickly and make a purchase while they were getting over $2 to the pound – [...]

The weather might be finally cooling but according to Realty Times our real estate market is “searing” hot.
Who knew?!

Apparently the ORRA (Orlando Regional Realty Association) publicity machine has been hard at work because Realtors in the Orlando, Florida, area (those that are left) have found themselves “very busy” this fall. Sales are apparently up 37 percent [...]

Today, the Federal Reserve launched another new facility aimed at purchasing certificates of deposit and commercial paper from troubled money market funds in an attempt to return liquidity to those markets.  Another black hole to wheelbarrow our tax money into.  Nice. 
Please hold your applause until the end of the newsletter.  And I say that with [...]

The next Orlando home auction on Saturday Nov 8th 2008 will be decidedly more upscale than the last auction. More than 20  selected homes from the renowned Ginn resorts in the heart of Central Florida will be up for grabs with prior values from the 300’s to $4 million.
The resorts include Reunion, Bella Collina and [...]

Question: I live in an HOA that has rental restrictions. I recently got transferred and am unable to sell my unit because of market conditions. I need to rent it but am afraid of violating the rules.
Answer: You are not alone in your predicament. I suggest that you request an exception to the rental restriction [...]

There will be a repeat of last month’s Orlando auction on Wednesday October 15th.
Like the last banked owned foreclosure sell off, Bidders must register prior to the auction and will need to bring a personal or cashier’s check for $5k in order to bid. Winners will pay the bid amount plus 5%.
Condo Metropolis will be there assisting [...]

Lake Buena Vista Resort Village and Spa Condos Orlando
Money can’t buy me love – but a million bucks can buy you into to the U.S. (Update: As of 2010, the investment required is now just $500,000.)
In a first for Florida, the developers of Lake Buena Vista Resort Village & Spa are able to invite foreign nationals [...]

Hooray!  The bailout plan has made it through Senate and the House of Representatives and is now on its way to President Bush’s desk to be signed into law!  We’re all saved!  Champagne and cigars all around!  Let the good times roll again!
Or is it slightly too early to celebrate?
Here’s what we know: the non-passage [...]

Over the last few days, lenders have received many questions in regards to the availability of mortgage funds in the credit markets. Now that the Federal Government controls Fannie Mae and Freddie Mac in addition to FHA and VA, these traditional sources of mortgage funding are still readily available. In addition, working with a direct [...]

The sales of condos in the Orlando area decreased by 31.33 percent in August: A total of 114 condos changed hands in August 2008 compared to 166 in August 2007. In a month-to-month comparison, August 2008 condo sales (114) decreased by 14.93 percent from July 2008 (134). Year to date, condo sales are down 43.71 [...]