Orlando had nearly four times more condo sales in August compared to a year ago, from 142 unit sales in 2008 to 541 this year.
Of course, the median condo sales price in metro Orlando fell 55 percent, from $111,200 in August 2008 to $49,900 in 2009.
Florida wide, condo sales were up 45 percent, from 3,222 [...]

Well, Fed meeting week is upon us yet again.  It seems like only yesterday that these people got to­gether for two days to accomplish absolutely nothing.  And it will take another two days for them to accomplish even MORE nothing.  Our tax dollars hard at work.
We are rapidly approaching time for some action, though.  As [...]

Homebuyers purchasing an Orlando condo should review a list of documents and other information to make sure that the property they are considering is a solid buy in this challenging market.
The following information is a the top of the must-consider list:

Budget: Examine the current budget, a year-to-date statement of income and expenses, and a couple of [...]

Understanding the scope of homeowner association insurance coverages is basic to protecting the vital interests of the owners. Do you understand what the HOA’s duties are when a fire, windstorm or burst pipe damages the common elements or unit interiors?

The HOA’s insurance duties are addressed in the governing documents. The insurance company’s duties are based [...]

Philips Bay Condos in Dr Philips area: Moldy roofs, missing stucco and porches completely removed…
“It’s been happening since 2001. There have been issues we thought it could be patched and fixed but its just systematic through the whole entire place,” said Brock Shields, former HOA president.
One resident’s patio has been condemned after water seeped through the roof [...]

I was working on site for the Palms Club back in 2007. I still feel they have some of the best amenities of all the Orlando Condos, including 3 pools, hot tub, great club house, fitness center, valet trash, Business center, even a bowling ally.
When I was onsite I sold a few of the 3/2 [...]

Reporter Anjali Fluker at the Orlando Business Journal followed up this week on one of last week’s headlines that Orlando condos are ’selling like hotcakes’.
Our own Marcus Burke was interviewed about this seemingly odd phenomenon which is at odds with an otherwise fairly sluggish market.
You can read the online version of Bidding Wars Ignite Condo Sales here.

Further to our last post on the delayed Orlando condo auction, there are no more condos available at either Cascades condos or Audubon Villas. All were pre-sold prior to the auction. There are some one- and two-bedroom units left at Oxford Square in Casselberry, and these can still be purchased now, before the new auction date is set. If [...]

It appears that El Capitan of the Federal Reserve Ben Bernanke has done a fine enough job to maintain his post as the Chairman for another 4 years.  From my perspective, this was a fine choice by our President.  Switching monetary horses mid-stream would be fairly catastrophic for the already fragile investor sentiment towards our [...]

Question: Our board has a running battle with various unit owners about who is supposed to fix and maintain what. As a result, the board has paid for repairs that were probably the unit owner’s responsibility. How do we get this under control?
Answer: The board should compose and adopt a Maintenance & Insurance Areas of [...]