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Orlando Property Management Company and Real Estate Broker

Real Estate

Refinancing Again

We're constantly bombarded by lenders to refinance our mortgage under a variety of programs. The volume of offers can almost make you numb to the rational consideration. There are common rules of thumbs that homeowners and agents use such as not refinancing more often than every two years or there must be at least 2% savings from your previous mortgage rate may not always be accurate. The reality is...

If It Shows Better…

If it shows better, it will probably sell faster and maybe for more money. Once your home is on the market, it's time to look at it like a commodity and through the eyes of potential buyers. In all likelihood, you'll need to take care of these items eventually, so do them now to help it sell sooner. Make repairs - it doesn't matter if it's been that way since you bought it. You need to fix it so that...

More Expensive Than Expected

The 3.5% down payment on FHA loans could be more expensive for buyers than expected. Beginning April 1, 2013, the mortgage insurance premium will go up by .1% to 1.35% which may not even be noticeable to most would-be homeowners. The staggering increase will occur on 6/3/2013 when FHA's policy on the duration of the required mortgage insurance will be increased for the life of the mortgage. It basically...

Before You Leave Home…

The last thing you want to do while you're on a trip is to worry about someone burglarizing your home. Use this checklist to add some peace of mind to your travel plans. Ask a trusted friend - to pick up your mail and newspaper and keep the yard free of trash and advertisements. Stop your mail but maybe not your newspaper - you can easily handle this online by going to the US Postal Service's Hold...

What’s It Going to Take?

How much evidence is needed to make a decision to get out of the rent race and become a homeowner? Compare your rent with a mortgage payment on a similar size property. If you want a larger home than your current one, use the rent that property would require instead of what you're currently paying. If it's considerably cheaper, you may not need any further encouragement. By the time you consider the...

Selecting the Right Color

Have you ever picked a color from the myriad of paint samples available, put it on the wall and decided that it was all wrong? It shouldn't have to be that difficult but trying to pick the perfect color from those little swatches is just not that easy. Painters and decorators suggest you buy a small amount of the colors you're considering. Your paint store should be able to mix them in any brand and any...

invest in real estate says orlando property manager

Sooner is Better than Later to Invest

Many people believe investing is a word used by the wealthy and is beyond them. Orlando property manager, Oliver Overton-Morgan with Morgan Property Solutions, says that is a poor mentality to have. Start making it your goal to invest today and you will be thankful years down the line, when you will wonder, why didn't I start this sooner? Buyers who have delayed purchasing a home due to concerns about...

Get Your Offer Accepted

As the market shifts from a buyer's market, it's good to know how to improve your chances to have the seller accept your offer. Once you decide on a home, don't waste time; write an offer and submit it as soon as possible. Competing with another buyer happens more frequently than you'd expect. Multiple offers are a seller's advantage but here are some tips to level the playing field: Realistic offer...

Resolutions

After spending the holidays with family and friends, this is a time of the year to start thinking about changes to make in our lives, both personal and in business.  We wanted to share one of ours with you. Our goal is to become your REALTOR® for life.  We want you to think of us first when you need to buy or sell and that you’ll recommend us to your friends too.  That kind of trust has to be...

Home warranty for orlando property management rental

Avoiding Unexpected Property Expenses

Oliver Overton-Morgan with Morgan Property Solutions is a property manager in Orlando that is used to dealing with property expenses 24/7. Learn how some property owners manage those costs. It's common for sellers to consider offering and buyers might find it an incentive, but a growing number of homeowners are purchasing the home warranties themselves to limit the unexpected expenses of repairs and...

Orlando proeprty manager recommends investing in real estate

Let Your Tenants Send Your Kids to College

Have you thought about investing in Orlando rental property? Orlando property management team, Morgan Property Solutions, discusses how investing in Orlando real estate can benefit you and your loved one's future. Most people have lots of things to save for but not always enough discretionary income after the family essentials have been met. A relatively small investment in a rental property can...

FHA to Cost Borrowers More

FHA has announced a major change to its loan program which allows borrowers to cancel the mortgage insurance premium (MIP) when their unpaid balance reaches 78% of the original purchase price. While no specific date has been set for the change, sometime in 2013, new FHA loans will require the mortgage insurance for the life of the loan. At existing rates, the monthly MIP on a $168,875 mortgage is...

Dripping Dollars

Orlando Property manager Oliver Overton-Morgan loves to save money! Here he discusses ways to helps conserve on your water bill... Conserving water to be green while lowering your monthly bill to save more "green" is a beautiful combination. Little things like this can contribute significantly to a large water bill. Leaky faucets can waste over 1,000 gallons a year Leaky toilets can waste 7,000...

What’s the Point?

Pre-paid interest, sometimes called "points", is generally tax deductible when a person pays them in connection with buying, building or improving their principal residence. When points are paid on a refinance, they are not a current deduction but have to be taken pro-rata over the life of the mortgage. For instance, if $3,000 in points were paid on refinancing a 30 year mortgage, deduction of $100 per...

Secure your home from orlando property manager

Changing the Lock is Key for your orlando rental property

Orlando property management professional, Oliver Overton-Morgan with Morgan Property Solutions, discusses how to protect you and your tenants from unauthorized access to your Orlando rental property. There are times when you need to change the locks on your home to protect your family and possessions. It should always be considered when you move into a new home; when keys are lost, stolen or unreturned;...

Water Damage – Covered or Not?

A number of things can cause water damage to a home and it's important to know whether they're covered by your insurance policy. Some water damage may be covered and other may not be. Generally, you need an incident to invoke coverage rather than something gradual due to lack of maintenance. However, some incidents are specifically exempt from homeowner policies such as floods. A flood can be described...

What a Deal!

A 30 year fixed-rate mortgage hasn't always been the standard. As part of FDR's New Deal in 1934, the Federal Housing Administration was created to help Americans purchase homes with affordable terms. Prior to then, many loans had an amount due at the end of the term called a balloon. Most mortgages had adjustable interest rates even though some might be fixed for a short time. While banks would loan...

Everything Except the Down Payment

  It's one thing to have the down payment and not qualify because of credit scores but in today's tough financial environment, it may be even more frustrating to have good credit, income and job stability without the down payment. The 2010 NAR National Housing Pulse Survey states that 79% of respondents identified the down payment and closing costs as obstacles to homeownership.  73% express a...

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