The Orlando Condo Blog

Orlando's Real Estate Pulse…

Orlando Condo Investor Update

With spring in Orlando already well underway, were seeing uptick in the number of enquiries we are receiving from our clients who are thinkng about either exiting the marketplace, or acquiring new properties. As those of you who purchased through our real estate division know, at Condo Metropolis, apart from managing our investors condos and [...]

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Condo Metropolis Tours Canadian Investors

Two bus loads of Canadians invaded MetroWest in search of cash condo deals that most locals just can’t afford. Thanks to the hospitality of the Madison COA management team, they were allowed to run amok around the condominium while they learned about what it takes to pick up a foreclosed condo and other distressed real estate [...]

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Vue Condos Downtown Orlando Head To Auction

The Vue at Lake Eola condo tower is scheduled to be sold via commercial auction on March 15 2010. According to the Orlando Business Journal, the 375-unit Vue condo downtown Orlando condominium at 150 E. Robinson St., had its involuntary Chapter 7 bankruptcy liquidation converted to a Chapter 11 reorganization and is seeking qualified bidders to acquire the 165 unsold units [...]

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Orlando Buyer Market Is Over!?

Yep. It is if you’re an investor looking for a condo deal under $50K. Increasing numbers of observers have said of late that we’ve already hit bottom, and I’m inclined to agree, with one caveat. Bottom will arrive at slightly different times for different states, and different cities within states and, different communities within cities. [...]

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Orlando Condo Market Analysis: Jan 2009

The Orlando condo market experienced another improved month in existing sales, but declines continued  in home values, according to this month’s report from the Florida Association of Realtors (FAR). Condo resales in the Orlando area were up 88 percent, from 91 in January 2008 to 171 last month. The median price, however, fell 60 percent, from [...]

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Fannie Mae Tightens The Noose (Again)

Effective March 1, Fannie Mae (FNMA) the folk the make conventional loans “conventional” are planning to further tighten the condo guidelines on which mortgages they will buy on the secondary market. It could be argued that it makes no difference since they are already impossible in most cases, leaving only FHA backed loans as an option. [...]

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Foreclosures are for cash buyers!

I hate to beat a dead horse, but… each day we get folk calling in on Orlando condo conversions – foreclosed –  that cost under $50K – and they want to finance them. When we tell them it will be very difficult, we get the “Oh that’s not a problem - I have a great credit score [...]

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Orlando First Time Buying Spree

With mortgages so hard to come by, investors who can’t pay “all-cash” are having a hard time scooping up some of today’s “fire sale” deals – which can be incredibly frustrating. It’s like being (a diabetic) kid in a candy store. (I’m diabetic so I know how that feels.) However since first time home buyers are not [...]

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Orlando Condo Hotel Investors: Good News

Good news for Orlando condo hotel owners – or any Orlando second home owners who rent out their condos: According to a Smith Travel Research survey, Orlando’s hotel room occupancy levels rose last week, posting the second largest year-over-year increase of the nation’s top 25 lodging markets. Orlando area occupancy increased 14.7 % during the week for [...]

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Orlando Real Estate: Multiple Offers Are Back!

Multiple Offers are soooo 2006… Well if you think so, take a deep breath because while it might seem ludicrous to make an offer on an Orlando condo – or any other home, if it means competing with another buyer, things have started to change. In the last few weeks, there has been a sharp rise [...]

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