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...
Senior homeowners often hold a significant amount of equity in their homes. This equity becomes a potential financial resource in the form of a reverse mortgage, which can turn home value into spendable cash for those aged 62 and above. While this can be an appealing prospect, it is crucial to fully understand the implications, risks, and alternatives before proceeding. "Should my parents refinance...
Hold onto your flip-flops, folks, because the Orlando housing market is sizzling this summer! With the sun shining and the prices rising, it's time to dive into the latest market snapshot and discover the exciting trends that are making waves in the real estate scene. Let's start with the numbers that really matter. The median home price for June surfed its way to $385,000, riding the wave of...
Maximizing the value of your house when selling is a common goal for homeowners. However, not all improvements and repairs are worth the time and money invested. To help you make informed decisions and avoid unnecessary expenses, we have compiled a list of fixes and repairs that you can likely skip. By following these guidelines, you can save both time and money, ultimately ensuring a successful...
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...
You are about to list your home for sale, and you're wondering...does staging matter? These days listing a home may mean staging it. But does staging really make your house sell faster, or for more money? The truth is that it depends on what's in the home, its condition, and its location. Here’s where staging helps: 1. Don't sell an empty house Staging can help an empty house sell faster, which...
In real estate, the asking price is often as much about psychology as it is about reality. For example, take the strategy of pricing your home below market value... "I priced my home $9,000 under the market," says Rebecca Ricci. "It was a gamble, but my home was unique. People either love it or hate it. Also, the market was flat. Houses were starting to set on the market a little longer." The lower...
“Refinancing” is a scary word for many people, but that shouldn’t be the case for you. For many homeowners, refinancing can not only lower your monthly payments and help with your monthly budget, but it can save you thousands of dollars in the long run. Refinancing your mortgage is something most homeowners consider at least once throughout the lifespan of their home loan. It allows you to pay...
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