As summer draws to a close, the Central Florida real estate market displays signs of cooling. The Orlando Regional REALTOR® Association's recent data release sheds light on this transition, indicating notable shifts as the fall season approaches. State of the Market Inventory Dynamics: The inventory for August stood at 6,115, reflecting a 6.9% increase from July's figure of 5,720 homes. New...
One section addresses “termination of a tenancy without a specific term.” What does that mean, and when does it apply? Read on. Another amendment affects annual leases with a specific duration. What changed there, and how does it work now? Read on. By Meredith Caruso ORLANDO, Fla. – Different sections of Part II of Chapter 83 Florida Statutes, otherwise known as the “Florida Residential...
The Orlando real estate market continues to shine as we head into the summer months. With a surge in sales and rising prices, both buyers and sellers have reasons to be optimistic. Let's take a closer look at the state of the market and the latest trends shaping the Orlando housing scene. Sales and Prices on the Rise May witnessed a remarkable 13.9% increase in overall sales compared to...
MOST OF US DON’T START THINKING ABOUT RETIREMENT UNTIL WE’RE IN OUR LATE 50S OR EARLY 60S. BY THEN, IT MIGHT BE TOO LATE TO MAKE CHANGES. HERE’S WHAT TO START THINKING ABOUT IN YOUR 40’S 1. LACK OF A RETIREMENT VISION Retirees often lament the end of work life. They say things like, “What do I do now? Grow roses? Paint the fences? Then what?" Being lost about what comes next makes it...
A few years ago, I watched a reality TV show about a home inspector who went to homes that had already been inspected. He always found all sorts of problems that the original inspector had missed. I was struck by one important thing about that show: The TV version of an inspector was poking holes in walls to look at the wiring, ripping out siding to look for mold underneath, digging up the yard to peek...
An ever-increasing number of homeowners are taking advantage of their extra equity by getting a home equity loan or a line of credit. But accessing your extra home equity should be done carefully, and only in a narrow set of circumstances. In 2006, just before the last real estate bubble popped, homeowners were treating their homes like endless piggy banks. They used their equity to purchase nice...
December means the holiday bustle is upon us; there are flights to catch, gifts to purchase, houses to decorate, and taxes to think about. Not the most cheerful of messages to hear during this time, but for property owners or the self-employed, tax season can be as stressful if not more stressful than the holiday season. To get a head start on taxes next year, here are a few things to consider. The...
In a research study conducted in the early 2000s, a Canadian professor found that homes where the seller was “motivated” took 15 percent longer to sell, while houses listed as “handyman specials” flew off the market in half the time. “It surprised even me,” said researcher Paul Anglin, who teaches real-estate and housing trends at the University of Guelph in Ontario, Canada. Other...
"I have a ton of equity in my home. I'm thinking about selling and putting that money in the bank before the market goes down again. Should I?"
Are you thinking about selling a home that you have rented out for some additional revenue? If so, you're likely trying to discern how to best inform the current tenants and conduct the sales process in a way that works well for all of the parties involved. In today's blog post we'll explore how to sell your home while you're renting it out to tenants and share three tips that can make the process a bit...
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