Orlando Real Estate Blog - October, 2007

Florida Property Tax Reform

It’s voters’ turn: The Florida Legislature passed property tax reform and a proposed amendment will appear on the January ballot. The amendment offers moderate relief for homeowners and slight relief for commercial property, but it does not go as far as an earlier House proposal. To become law, the proposal must still receive 60 percent of the votes in the Jan. 29, 2008, election.

The vote went down to the wire. Had the House and Senate not agreed by today, it would have been too late to get it on the January ballot, postponing any kind of tax relief.

“We are pleased the Legislature understood that missing the deadline for a January vote of the people was not an option,” says the Florida Association of Realtors (FAR) President Nancy Riley.  “Tax…

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Terra Verde Townhome for $155k

UPDATE: THIS PROPERTY IS NOW PENDING SALE. Thank you to all that have contacted me regarding this listing.

Just Listed. Here is a great buy for a townhouse in the Terra Verde Resort community. This townhouse is being listed at $155K Fully furnished. This is the lowest price town home currently available in the Terra Verde community. The home features 3 bedrooms 2 1/2 bath with an outdoor jacuzzi. The town home backs up to a conservation lot and is very close to the clubhouse.

This Orlando property is being offered at $15,000 less than any other town home that has sold in Terra Verde this year. Terra Verde is a Resort community located in Orlando / Kissimmee, FL just minutes from the Walt Disney World Resort.

Terra Verde Townhome on Ormond Beach…

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Terra Verde Resort Townhome

UPDATE: THIS PROPERTY IS NOW PENDING SALE. Thank you to all that have contacted me regarding this listing.

Just Listed. Here is a great buy for a townhouse in the Terra Verde Resort community. This townhouse is being listed at $155K Fully furnished. This is the lowest price town home currently available in the Terra Verde community. The home features 3 bedrooms 2 1/2 bath with an outdoor jacuzzi. The town home backs up to a conservation lot and is very close to the clubhouse.

This Orlando property is being offered at $15,000 less than any other town home that has sold in Terra Verde this year. Terra Verde is a Resort community located in Orlando / Kissimmee, FL just minutes from the Walt Disney World Resort.

Terra Verde Townhouse on Ormond Beach…

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Direct Deeding with 1031 Tax Exchanges

Direct deeding is an option available for those that are buying or selling property under the 1031 Tax Deferred Exchange. With direct deeding, the seller can direct deed the property to the buyer, rather than having to go through an intermediary, which was once the only way that it could be done with 1031 tax deferred exchanges.

Prior to an IRS ruling in 1990, a seller of property would deed the property to an intermediary and this intermediary in turn would deed the property to the buyer. This was called sequential deeding and was the only way that deeding could be done. It was no longer necessary to do it this way after 1990 and now, direct deeding is much more common than sequential deeding.

This could be because of the advantages that are…

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Windsor Hills Reserve Monster Sale

The season may be spooky, but the savings at Pulte Homes at Windsor Hills Reserve will be sensational during their Monster Sale. From today through the October 21st  Pulte Homes of Orlando will be offering shocking incentives on our most desired homes at the Windsor  Hills Resort Community. So if you've been dreaming about a new vacation home at the Windsor Hills Resort, NOW is YOUR time to own your piece of this highly sought after Orlando Vacation Real Estate!

Windsor Hills Resort Sale*:

• $35,000 Discount off of base price
• $12,000 Closing Costs Contribution
• 1 Year HOA Fees Paid ($4,210 value)

That's over  $51,000 off of a new home located just 3 miles from the Walt Disney World Resort. For more information please contact Jeff at…

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Hunters Creek Foreclosure

Beautiful home built in 2003 in the Vistas section of Hunters Creek currently facing foreclosure. This is a two story 4 Bedroom 2 1/2 Bath waterfront pool home with a bonus room located in Palma Vista in Hunters Creek. This is a short sale and will need bank approval on all offers.

Listing Information: 12927 Entrada Drive, Orlando 32837

Hunters Creek Foreclosure Details:

• Bedrooms: 4 / Bathrooms 2 1/2
• Square Footage: 2619
• Year Built: 2003
• 2 Car Garage
• Screened in In Ground Pool
• Water View from Pool
• Asking Price $360,000 / Just reduced from $448,000

View Hunters Creek Homes for Sale

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Windsor Hills Home for Sale

Here is one of the few re-sales that we have seen in the Windsor Hills Reserve Orlando vacation home community. This 5 Bedroom 5 Bath Seville model has just been reduced in price to $430,000. This is a brand new home and is being sold unfurnished.

Windsor Hills Seville Model Features:

• 5 Bedroom 5 Bath
• 2336 Square Feet
• 2 Car Garage
• Screened in Pool
• 2 story home
• Tile Roof
• Built: 2006
• ASKING PRICE: $430,000 - Make an Offer!

Listing Information: 7769 Teascone Blvd

The Windsor Hills Resort community is located just minutes from the Walt Disney World Resort. This is a guard gated vacation community with resort style on site amenities including: Zero entry pool,  movie theater, recreation center, sundry shop and children's…

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Forbes 10 Best Cities to Buy Real Estate

The real estate business may be facing a softening in sales, but there are parts of the country where it makes sense to buy now. Forbes magazine examined current home sales patterns and sales projects in the country’s 40 largest real estate markets to identify these attractive markets.

Based on models that estimated 2008 housing inventory, sales rates, and turnover, the magazine compiled a list of markets that are experiencing price declines, but where buying looks attractive because there is likely to be an increase in sales in the near future.

Here are Forbes’ and Moody’s 10 most attractive real estate markets, along with the median homes sales price and their price change from 2006.

• Fort Worth, Texas: $156,500, 1.7 percent
• Kansas City,…

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Lighthouse Key Resort Sales

I have been working with the sales team at the Lighthouse Key Resort and Spa on a great offer for my clients.  I am currently able to offer my clients a 3%  4% cash at closing if you purchase a full ownership at the Lighthouse Key Resort before 12/31/07. This is a savings of up to $14,697 just for using me as your buyers agent.  I am also able to offer Lighthouse Key fractional ownership buyers a 2% discount on your purchase.

This offer is in addition to the current buyers incentives that the resort is offering.

• Option 1:  $12,000 towards closing costs and one year of HOA Fees Paid
• Option 2: 1 year lease back of the property at $1,5000 Per Month

That is a Total Savings of up to $32,697

The Lighthouse Key Resort is a upscale lakefront,…

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Windsor Hills Reserve and Vista Cay Sales Incentives

Are you thinking about buying you dream Orlando Vacation Property? Here is another great incentive that just might make your decision a little easier. Pulte Homes is so sure that you will fall in love with their vacation homes and condos that they are currently offering travel reimbursement of up to $1,500 at closing when you purchase a new vacation home at Vista Cay at Harbor Square, The Isles at Cay Commons or Windsor Hills Reserve. Expenses may include travel, food, accommodations and entertainment.

Come and see all that Orlando has to offer with this great program. Join the Pulte Homes Resort Rental Experience and enjoy the world's #1 vacation destination. This offer is in addition to the great incentives that I also offer my buyers for using me as…

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