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Orlando Property Management Company and Real Estate Broker

December 2016

The Morgan Team standing in Baldwin Park Florida

Start 2017 Off Right… List Your House for Sale

As we are about to bring in the New Year, families across the country will be deciding if this is the year that they will sell their current house and move into their dream home. Many will decide that it is smarter to wait until the spring “buyer’s market” to list their house. In the past, that might have made sense. However, this winter is not like recent years.The recent jump in mortgage rates has...

Orlando property manager and REALTOR

An Agent Who Will Put You First is Key to Success

As a REALTOR and property manager in Orlando, Devinee Overton-Morgan has dealt with many types of clients from the first time homebuyer to the savvy real estate investor. The key to helping people, she says, is finding out their why and then guiding them along the right path. During all this, putting the client first is vital. When it comes to buying a home, whether you are a rookie homebuyer or...

Grown your real estate wealth by orlando property manager

Homeowner Net Worth Is 45x Greater Than A Renter

Wouldn't you like to grow your wealth in a relatively easy and passive way? Orlando property management company Morgan Property Solutions recommends purchasing real estate in central Florida.   The Federal Reserve conducts a Survey of Consumer Finances every three years in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013,...

"This is going to be the year"

Every year, it seems like the same things are on the list but this could be the year you really do invest in a rental home. Rents are climbing, values are solid and mortgage rates are still low for non-owner occupied properties. A $150,000 home with 20% down payments can easily have a $300 to $500 monthly cash flow after paying all of the expenses. There are lots of strategies that can be successful but a...

The Morgan Team standing in Baldwin Park Florida

Top 5 Reasons You Should Not For Sale By Owner

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.Here are the top five reasons:1. Exposure to Prospective BuyersRecent studies have shown that 94% of buyers search online...

The Morgan Team standing in Baldwin Park Florida

Existing Home Sales Surge Through The Holidays [INFOGRAPHIC]

Some Highlights:November’s Existing Home Sales report revealed that sales are now at an annual pace of 5.61 million which is “now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).”Total housing inventory (or the inventory of homes for sale) fell 8.0% from last month and is now 9.3% lower than November 2015.Inventory has dropped year-over-year for the...

The Morgan Team standing in Baldwin Park Florida

The Fed Raised Rates: What Does that Mean for Housing?

You may have heard that the Federal Reserve raised rates last week… But what does that mean if you are looking to buy a home in the near future?Many in the housing industry have predicted that the Federal Open Market Committee (FOMC), the policy-making arm of the Federal Reserve, would vote to raise the federal fund's target rate at their December meeting. For only the second time in a decade, this is...

The Morgan Team standing in Baldwin Park Florida

Student Loans = Higher Credit Scores

According to a recent analysis by CoreLogic, Millennial renters (aged 20-34) who have student loan debt also have higher credit scores than those who do not have student loans.This may come as a surprise, as there is so much talk about student loans burdening Millennials and holding them back from many milestones that previous generations have been able to achieve (i.e. homeownership, investing for...

orlando property manage recommends investing in a home

Whether You Rent or Buy: Either Way You’re Paying a Mortgage

There are essentially two different ways to pay for a mortgage... you either pay your own or someone else's. As an Orlando property manager, we find that many people cannot qualify or even want to purchase a home for a variety of reasons, and that's OK. However, the benefits of home-ownership to those who can qualify is huge.   Some renters have not yet purchased a home because they are...

The Morgan Team standing in Baldwin Park Florida

2 Tips to Ensure You Get the Most Money When Selling Your House

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.1. Price it a LITTLE LOW This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will...

What a Difference 50 years Makes!

In 1966, a gallon of gas was $0.32 and today, it is $2.49. A dozen eggs were $0.60 but they’ve only doubled to $1.33. A gallon of milk was $0.99 and today, it costs $3.98. You could send a letter for five cents and now, it costs forty-seven cents. The average cost of a new car in 1966 was $3,500 and today, it will cost $33,560. New cars have more features than the earlier models but they’re still...

The Morgan Team standing in Baldwin Park Florida

The Impact Your Interest Rate Has on Your Buying Power [INFOGRAPHIC]

Some Highlights:Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage.Over the last 30 years, interest rates have fluctuated greatly with rates in the double digits in the 1980s, all the way down to the near 4% we are experiencing now.Your purchasing power is greatly impacted by the interest rate you secure. Act now before rates...

The Morgan Team standing in Baldwin Park Florida

Why You Shouldn’t Take Your House Off the Market During the Holidays

If you are one of the many homeowners who is debating taking your home off the market for the next few weeks, don’t! You will miss the great opportunity you have right now!The latest Existing Home Sales Report from The National Association of Realtors (NAR), revealed that the inventory of homes for sale has dropped to a 4.3-month supply.Historically, a 6-month supply is necessary for a ‘normal’...

The Morgan Team standing in Baldwin Park Florida

The #1 Reason to Sell Now… Not Next Spring

The price of any item (including residential real estate) is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the...

Make your Orlando real estate nest egg

Building Your Family’s Wealth And Plan the Next 5 Years

How does your nest egg look right now? Perhaps it is it non-existent or looking empty... well don't worry because you can do something about that by making it a priority in your life to start investing. Morgan Property Solutions, orlando property manager believes the next 5 years is vital to your success and investing in property will give you a huge leap forward.   Over the next five years,...

house prices in the next 5 years

Home Prices: Where Will They Be in 5 Years?

Looking into your financial future does not have to be burdensome, says Orlando property manager and REALTOR Devinee Overton-Morgan. The current trend on real estate shows prices continuing to increase and building American family's wealth. Today, real estate conversations tend to focus on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every...

Can 0.5% Really Equal 5%?

Since the election, rates have started going up and it will have a direct effect on the cost of housing. There is a rule of thumb that a ½% change in interest is approximately equal to 5% change in price. As the interest rates go up it will cost you more to live in the very same home; or to keep the payment the same you’ll have to buy a lower priced home. Before rates rise too much, now may be the...

Orlando property manager fiunds we=here Americans are moving to

Americans Are Moving [INFOGRAPHIC]

Oliver Overton-Morgan (with Morgan Property Solutions an Orlando property management company), found where Americans are moving to and from. It's interesting to see what are the most and least popular places. Highlights: For the 4th year in a row, the Northeast America saw a concentration of High Outbound activity. Oregon held on to the top stop of High Inbound states for the 3rd year in a...

Low interest rate

Will Increasing Mortgage Rates Impact Home Prices?

There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home. If mortgage interest rates increase, fewer people will be able to buy, and logic says prices will fall if demand decreases.However, history shows us that this has...

The #1 Reason to Sell Now… Not Next Spring-media-2

Selling in the Winter Attracts Serious Buyers

A recent study of more than 7 million home sales over the past four years revealed that the season in which a home is listed may be able to shed some light on the likelihood that the home will sell for more than asking price, as well as how quickly the sale will close.It’s no surprise that listing a home for sale during the spring saw the largest return, as the spring is traditionally the busiest month...

The #1 Reason to Sell Now… Not Next Spring-media-2

When Is a Good Time to Rent? Surely Not Now!

It might seem ludicrous for an Orlando property manager to tell people n not to rent! But many people cannot buy and considering how strong the rental market is, we are certainly not worried about a sudden decrease in rental prospects. So, if you are looking to move, why not consider the option of buying a home and investing in your future instead of your landlords'?   People often ask if...

The #1 Reason to Sell Now… Not Next Spring-media-2

4 Reasons to Buy Your Dream Home This Winter

As the temperature in many areas of the country starts to cool down, you might think that the housing market will do the same. This couldn’t be further from the truth! Here are 4 reasons you should consider buying your dream home this winter instead of waiting for spring!1. Prices Will Continue to RiseCoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.3% over the last 12...

Minimizing or eliminating capital gains taxes

During the recession, some homeowners elected to rent their home rather than sell it for less than it was worth. Many of these people have used our Orlando property management services. Now that the market is improving, the IRS allows for a temporary rental of a principal residence without losing your capital gains tax benefits. To qualify, during the five year period ending on the date of the sale, the...

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