This summer’s big Orlando condo auction scheduled for this weekend has had so many presales that the auction itself has been delayed to allow closings to take place and allow time for a fresh look at the remaining inventory.
At the moment, there are only a few one-bedroom units left at Audubon Villas and Cascades condos, however there are [...]

There are times in the course of human history that a ton of little bits of news come out, but none of them are really interesting enough to warrant a whole newsletter.  This is one of those times.
Existing home sales rose by 7.2% nationwide last month, showing the greatest jump in the past two years.  [...]

Although we’ve been saying it for weeks, that’s not my headline – but from this week’s Orlando Business Journal:
“Orlando-area condos sold like hotcakes in July at still-falling prices, according to a new report from the Florida Association of Realtors.”
There were about 475 condo resales in Orlando last month, more than triple the 151 resales recorded in July 2008. [...]

 
This is how your Orlando condo foreclosure investment could look: Just purchased by an out of state investor for $50K from the bank via Condo Metropolis; some paint, some new carpet, and it’s now listed for $950 a month – will probably cashflow a couple of hundred a month and hopefully double in value over [...]

Question: Our governing documents have a provision that limits rental agreements to 12 months except for extenuating situations approved by the board. Since the HOA has not been turned over yet by the developer, is the developer the “board” and does this give him the power to change the rules for his own benefit? For [...]

Another Fed meeting has come and passed and, as expected, dang near nothing happened.  Benchmark rates are being held between 0 and .25% and no more money has been committed to buying long-term treasuries.  Pretty quiet meeting.
Buuuuuuut, it’s the calm before the storm.
Let’s think about things.  The Fed is holding mortgage rates down manually through [...]

Here it is: The cheapest bank owned deal at Solaire at the Plaza condos, downtown Orlando. $118,000.
It’s a 1 bedroom, 800SF condo on the 22nd floor, with great views of downtown Orlando. Watch the Disney fireworks every night from your own balcony.
HOA = $350 a month; taxes, about $3K a year, with possible reduction based [...]

Auctions, auctions everywhere, nor any loan to buy. This is the home buyer’s version of the Rhyme of the Ancient Mariner.
But cash buyers are having a bonanza. The Artisan Park / Celebration auction was a success with all units sold almost before the last car had found a parking spot.
Now, with Orlando’s condo inventory dwindling [...]

We’ve noted the Orlando condo dry up and the buyer’s market before – but there are still those who just don’t believe it, despite the fact that I tried to put a bid on a bank owned deal this morning, only to discover they already had a dozen cash offers.
The latest news from California is that [...]

Legacy Dunes Condos are just off SR192 in Kissimmee – just a stone’s throw from Celebration and the Disney attractions. Located in Osceola County, Legacy Dunes condos can be rented out short term – either by the investor, or by the onsite management company, just like a hotel. This makes Legacy Dunes condos more flexible in [...]

55 West, downtown Orlando’s (beautiful) condo “problem child” finally opened its door last weekend to the public. For renting. After a couple of false condo sale starts and unconsumated attempts to turn it into hotel, ZOM has taken over the building as a rental and will begin leasing this weekend. 
Sad for 55 West condo buyers who had their [...]

First time buyers might find the following video useful in determining how to claim up to $8K in tax credits.