Orlando Property Management Company and Real Estate Broker
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...

It Isn't Final Until It's Funded

Mortgage approval isn’t final until the loan is actually funded at closing.  Many things can change prior to the loan being closed that can affect a pre-approval such as changes in the borrowers’ financial situation or possibly, factors beyond their control like interest rate changes. Good advice to buyers is to do nothing that can affect your credit report until the loan closes. Opening new credit...

Gift or Inheritance – Does It Matter?

A person called into a radio talk program with a situation that was troubling based on the potential tax liability that may have been avoided. The caller’s elderly father had deeded his home to his daughter a few years earlier, because in his mind, his daughter was going to get the home eventually and this would be one less thing to be taken care of after his death. The daughter didn’t really care...

It's the Principal of the Thing

Most people think they’ll have a house payment and a car payment for the rest of their lives, but it doesn’t have to be that way with a plan and a little discipline. If you make additional principal contributions to a fixed rate mortgage this can shorten the term and save tens of thousands in interest.  If a person were to make an additional $100 payment each month applied to principal on a $175,000...

A Cost to Consider

Homeownership, part of the American Dream: a home of your own where you can feel safe, raise your family, share with your friends and enjoy life. The benefits are easily recognizable but maintenance is just as real and should be considered. Property taxes and insurance are two of the largest expenses homeowners have aside from their mortgage interest. But, as any homeowner knows, there will be occasional...

Dial Down Risk for Retirement

There is certainly no shortage of retirement planning strategies available to individuals who actually take the time to consider them. What most financial experts do agree on is that the closer you are to retirement, the less time you have to recover from a loss. For that reason, many people start dialing down their risk factors as their age increases. One way to minimize risk is to invest in things...

Down Payment: FOUND!

The down payment may be unnecessarily keeping would-be buyers from getting into a home. They may be unaware that the funds might be available somewhere other than just cash savings. The NAR Profile of Home Buyers and Sellers reports that 81% of first-time buyers got all or part of their down payment from savings. Other people used a gift from a relative. Less than 4% said that all or part of the down...

Have you heard of the 4 P’s?

"Proper preparation prevents poor performance". It's a phrase that Oliver Overton-Morgan (Orlando property manager with Morgan Property solutions) heard in high school from his rugby coach and it stands true for everything in life. If you don't start with proper preparation and planning, then you can expect poor results. We can apply the same equation to real estate. There are some initial steps to take...

Surviving Spouses can receive an exclusive real estate tax break

Special consideration is made by IRS for the sale of a jointly-owned principal residence after the death of a spouse. Surviving spouses may qualify to exclude up to $500,000 of gain (profit) instead of the normal $250,000 exclusion for single people if certain requirements are met. The sale needs to take place no more than two years after the date of death of the spouse. Surviving spouse must not have...

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