always work with a Realtor

You should always seek the advice of an expert, whenever buying or selling a home. You should always use a Licensed Realtor. There are a lot of unscrupulous Sales agents and brokers out there that are not Realtors. Realtors are held to a higher, code of ethics and are required to get extensive, continuing education. Getting licensed is just the beginning of our careers and with out continuing education you would not understand the laws that are changing every day. For the most protection, whether buying or selling, seek advice from a local Realtor.

First time Buyers out buying, full force. Market to them

RISMEDIA, May 21, 2009-According to the results of a new survey from Harris Interactive, there is a notable gain in consumers’ willingness to buy foreclosed properties, with 55% of U.S. adults indicating that they are at least somewhat likely to consider purchasing a foreclosed home in the future, compared to the 47% of U.S. adults who indicated the same in November 2008. The tracking survey was conducted on behalf of national real estate search engine, Trulia.com, and RealtyTrac, an online marketplace for foreclosure properties.
“Foreclosures are at the heart of the housing crisis and monitoring consumer attitudes toward foreclosures is extremely relevant,” explained Pete Flint, co-founder and CEO of Trulia. “A lot of foreclosure inventory is being taken off the market. The results of this survey show that this is clearly good news for the economy.”
Survey results also revealed that first-time homebuyers represent the group most interested in purchasing foreclosure property. Two-thirds of U.S. adults between the ages 18-44 (66%)-comprised largely of first-time homebuyers-would consider purchasing a foreclosed home, compared to a little more than one third of those ages 55 and older (38%). Respondents aged 45-54 fell in between, with 53% indicating that they would be at least somewhat likely to consider a foreclosed property.

Central Florida’s Affordability Index To Yet Another Record High!

The median price of all Orlando homes sold in March ($137,000) decreased by 37.73 percent compared to March 2008 while the area’s average interest rate dropped yet again to 4.67 percent, its lowest point on record.
Of the 1,653 homes sales in March, 49.06 percent of the homes were either bank-owned (700) or distressed (111) homes. The median price of the bank-owned homes sold in March was $95,000, while the median price of distressed homes was $143,500. The median price for the “normal” homes (842) sold in March was $174,995.
The decrease in median price drove the area’s affordability index to yet another record high of 192.17 percent. (An affordability index of 99 percent means that buyers earning the state-reported median income are 1 percent short of the income necessary to purchase a median-priced home. Conversely, an affordability index that is over 100 means that median-income earners make more than is necessary to qualify for a median-priced home.) Buyers who earn the reported median income of $52,250 can qualify to purchase one of 12,185 homes in Orange and Seminole counties currently listed in the local multiple listing service (MLS) for $263,270 or less.All this means is whether you are an investor or a first time buyer; the time to buy is now.

Should you market you property?

Always remember, in any market, and especially this market, if you do not need to sell take it off the market. It does not do any good for your property, to be on the market. Properties that remain on the market for extended periods of time, sell for less money. The consensus is that they are over priced and not worth the asking price. You are way ahead of the game if you price them correctly or slightly lower than estimated value, your Realtor came up with, on the Comparative Market Analysis, they provided you with. Price right= Sell fast.

Investors-Now Is the time to buy!

It is a great time to purchase. This is "dollar cost averaging" for investors, Buying now brings down the average cost of all the units in your portfolio. Buying anything in the last three years, drove you average cost per unit up. With the low prices we are seeing now, you can bring that average down, thereby making your whole portfolio more PROFITABLE. And that is the goal.
May Profitable Returns. Eddie

Fannie Mae Financing Link

For all investors and homebuyers. Here is a link to the Great Financing programs offered by Fannie Mae on their Fannie Mae Properties. Give me a yell if you have any questions. Thanks, Eddiehttp://www.fanniemae.com/homepath/financing/index.jhtml

Great Financing for investors

There are some great financing programs available for investors. Did you know if you own 4 or more residential properties, in the same county, you can finance them in a commercial portfolio and, even pull out equity to purchase another home or two.
At this time, in the Central Florida market, everone should be buying. Two years ago you could not find a house for 150k now you can get a nice investment property for 50-100K. Buy know, everything is on sale!