Florida Real Estate, Tourism and Immigration News

THIS PROPERTY HAS SOLD.

PLEASE SUBMIT A:  Custom Search Request

3 BEDROOM 2 BATHROOM BRAND NEW HOME WITH $5000 IN BUILDER INCENTIVES & $2000 FROM BRITISH HOMES GROUP TOWARDS TRAVEL!

This brand new property has 3 bedrooms, 2 bathrooms, a den, 2 car garage,
upgraded kitchen with granite counter tops and is 2302 sq ft. The price is
only $232,000 and the rear garden backs onto a conservation area.

The builder has just slashed $30,000 off the price for a quick sale and will
also pay $5000 towards closing costs. BHG will also pay $2000 after
closing towards your travel expenses if you fly over now to buy this
property.

This property would make an ideal second or investment home and is in a
prestigious guarded gated community with a superb golf course, fitness room,
tennis courts and community pool. The development is very popular with
people who want a bit of luxury at an affordable price and the monthly HOA
payment is only $110.

Mortgages are available for British and other international buyers with a 30% down payment.

 

Home prices in and around Orlando are down, interest rates are down and for the seventh straight month in a row sales are up.

Some recent statistics from the Orlando Business Journal in an article by Anjali Fluker are very encouraging for sellers and buyers alike…

• Home sales in the Orlando market jumped nearly 48 percent, but values fell by nearly 40 percent, according to the March report from the Orlando Regional Realtor Association.
• Association members reported 1,653 existing home sales in March, compared with 1,120 in the same month a year prior.
• Realtors also put 2,956 homes under contract last month, a far cry from March 2008’s 1,679.
• Association members also reported 4,906 pending sales — considered a leading indicator of future sales — in March, more than double March 2009’s 2,398.
• March home resales in the Orlando area — Lake, Orange, Osceola and Seminole counties — jumped nearly 58 percent, from 1,354 homes last year to 2,139 homes this year.
• Osceola County saw the biggest increase in sales at 112 percent, from 466 homes sold in March 2008 to 989 sold last month. Orange County saw the next largest jump at nearly 61 percent, from 1,667 last year to 2,681 this year, followed by Lake County’s 21.5 percent increase, from 657 last year to 798 this year, and Seminole’s nearly 5 percent jump, from 679 to 713.
• The association reported that 49 percent of the homes that were sold being bank-owned or distressed homes. There were 700 bank-owned home sales last month with a median price of $95,000, along with 111 distressed home resales with a median price of $143,500.
• Homes of all types spent an average of 104 days on the market before being sold last month, down from an average of 128 days in March 2008.
• The average home sold for nearly 92.6 percent of its listing price in March 2009, slightly down from the 93.1 percent posted in the same month last year.
• March inventory of homes available reflects a nearly 13-month supply at the sales pace, down from the nearly 17-month supply recorded in February 2009.
• Orlando-area condo sales saw a huge increase 228 percent last month — from 90 in 2008 to 295 this year.

If you are considering buying a home in Florida, please complete this short form for a customised porperty search  – http://www.britishhomesgroup.com/floridaforeclosures.php or call 0800 096 5989.

Read the full article here…

http://orlando.bizjournals.com/orlando/stories/2009/04/13/daily7.html