Florida Real Estate, Tourism and Immigration News

DEAL OF THE WEEK

20% Deposit for International Buyers

Bank owned move-in condition! IMMEDIATE OCCUPANCY! Ready to move in. Spacious two story with bonus room (ideal for office). All bedrooms on 2nd floor, nice master suite with walk-in closet, large master bath with garden tub and double vanities, gourmet kitchen with all appliances, lots of cabinetry and counterspace, separate tiled breakfast area overlooking backyard. Formal living and dining rms, great family room that opens to kitchen, inside laundry room with access door to side yard, double car garage, close to shopping and restaurants.

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If you are currently considering buying a home in or around Orlando, recent statistics and an article in today’s Orlando Sentinel reveal that the ‘Timing is looking Good’.

Auctions, short sales, foreclosures and just plain and simple ‘too good to miss bargains’ are attracting investors, hedgefunds and first time buyers from all areas of the globe. Lenders are being more responsive with their short sale process and some are even offering 100% financing if you buy their own bank owned properties.

Existing-home sales in the region have started rising again compared with a year ago. And half the deals involve bank-owned foreclosures or “short sales” — properties for which the bank has agreed to take less than the amount owed on the mortgage.

48 percent of sellers nationally are now getting multiple purchase offers for a single property, nearly double the 25 percent rate during the same period last year.

The Orlando Realtors’ foreclosure analysis, released Monday, showed for the first time the extent of distress sales in the local market. Of the 1,653 homes sold by the association’s member agents in the core Orlando market last month, 700 were bank-owned.

Read the full article here…

http://www.orlandosentinel.com/business/orl-bizdistress16041609apr16,0,4691113.story

UPDATED APRIL 16TH 2009 – THIS PROPERTY HAS SOLD.

DEAL OF THE WEEK 

20% Deposit For Foreign Nationals

Bank owned move-in condition! Spacious 2 story, family size kitchen with abundance of cabinets and counterspace, pantry, separate breakfast area. Family room opens to kitchen with glass slider opening to patio area. Large master suite with walkin closets, garden tub w/large shower, double vanities. Bonus room is ideal for office or children’s play room. All bedrooms on 2nd floor. Close to shopping.

Enquire About this property: More Information

Request a customized property search