fbpx
Orlando Property Management Company and Real Estate Broker

January 2017

Save your Proof of Purchase!

People who experience a property loss are usually asked by their insurance company for proof of purchase which can come in the form of a receipt or current inventory of their personal belongings. Even the most organized people might find it challenging to find receipts for all the valuables in their home. If the inventory isn’t up-to-date, a homeowner might forget to add some items to the claim and may...

Boomers Are Staying In Place

There seems to have been an accepted progression for homeowners going from starter home, to gradually moving into one’s dream home, then, downsizing after becoming an empty nester and finally, into a retirement home. However, Marianne Cusato’s 2016 Aging-in-Place Report indicates that many older Americans don’t plan on following that pattern.  61% of homeowners above the age of 55 intend on staying...

Attracting Buyers

There is a common body of knowledge among real estate professionals that indicates that the longer a home is on the market, the lower the price will be. Many sellers discount this belief in the beginning because they feel confident their home will sell quickly. Lowering the price is the most obvious thing that can be done to encourage buyers but it might be good to look at what builders do. Builders...

Rent or Buy – The cost of paying for a Home

Orlando property manager Devinee Overton-Morgan with Morgan Property Solutions discusses owing a home versus renting. No matter if you rent or purchase a home, you end up end up paying towards the cost of the home. Depending on your situation there may be advantages for one option over the other. Mortgages are usually amortized so that each payment reduces the principal amount owed, so that the loan...

The Morgan Team standing in Baldwin Park Florida

Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories

The National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure.Homes priced between $100-250K showed a 20.7% increase year-over-year. This is an impressive increase, showing that November was an excellent month for home sales in this price range.But surprisingly, the 20.7%...

Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories-media-1

Inadequate Inventory Driving Prices Up

The latest Existing Home Sales Report from the National Association of Realtors (NAR) revealed a direct correlation between a lack of inventory and rising prices.We are all familiar with the concept of supply and demand. As the demand for an item increases the supply of that same item goes down, driving prices up.Year-over-year inventory levels have dropped each of the last 18 months, as inventory now...

Facts or Myths

“It’s impossible to get low down payment loans.” – FACT! FHA down payments are 3.5% and VA is 0%. In some areas, there may be some 0% down payment USDA loans available. FNMA and Freddie Mac have 3% down payment programs. “It takes perfect credit to get a loan.” - FACT! There is a relationship of better rates to better credit but many issues on a credit report can be explained or...

Compare listings

Compare
hide