Are you planning a unique get-away? Are you still thinking of a place to visit? Are you thinking of a fun-filled, remarkably wonderful vacation but you have a low budget? Then go to Orlando! It is a land of fun and entertainment. It is a place where nothing can go wrong. This is a place for you, your friends and your family.
Orlando is the home of different ranges of attractions. It has theme parks like Walt Disney, Sea World, and Universal Studios. It also has museums and parks like Morse Museum of American Art, Orlando Museum of Art, Cornell Fine Arts Museum, Zoo Orlando, Leu Gardens, Blue Springs State Park, Wekiwa Springs State Park, Cypress Gardens Adventure Park, Discovery Cove, Kennedy Space Center and Silver Springs. Orlando is also known for its water theme parks, the Disney's Typhoon Lagoon and Wet 'N Wild.
Aside from these, places such as Buena Vista Water Sports, Orlando Balloon Rides and Sky Venture are available. Fantasy of Flight, Daytona USA, Fun Spot, Gatorland, Green Meadows Petting Farm, The Holy Land Experience, Titanic- The Exhibition, Orlando Science Center, WonderWorks, Ripley's Believe It Or Not and Skull Kingdom are most-loved family sites.
Being one of the famous places of attraction, Orlando has all the types of lodging houses. They have high-rising hotels, ski resorts, camping sites, mountain lodges and vacation homes.
Vacation home have sprouted like mushrooms in Orlando. Almost every corner, there is a vacation home for rent or for sale.
Vacation homes are very different from other lodging places. It has more to offer than any of other lodging homes. First thing, staying in a vacation home is far more comfortable. You have the convenience of your home during a vacation. You can also enjoy more privacy in the comforts of your vacation homes. You will not be monitored whenever you go in or out of your place. Lastly, it is cheaper compared when staying in other lodging homes like hotels.
Whenever in Orlando, where can you find vacation homes for rent? Where are the reliable and efficient sources for it?
Vacation home rentals are widely advertised. You can find several listings in magazines and newspapers. There are also lists available online and through agents.
Another is through referrals of friends, relatives or neighbors. Some may have experienced renting a vacation home already and they might recommend the place where they stayed or the agents whom they talked to.
One source also is the visitors? bureau or information centers. You can check on their websites or personally visit them in their office.
Vacation homes can either be bought from real state brokers or it can be rented. Here are some things that you should consider in finding a good vacation home?
Make sure that it is not far from the attraction sites. It should be at least 10-15 minutes away from the recreation areas. This is to avoid meeting traffic along the way. It might take you 30 minutes to 1 hour going to and from a theme park if you stay far from the attraction sites.
If you prefer to rent a vacation home, check if short-term rental is applicable. Ask for the minimum number of days allowed. Occupancy usually starts from 5 to 7 days. Inquire also the necessary information that goes with renting the place. Make notes on which specific furniture is rented out separately. In some cases, high-chairs or strollers for kids are rented out per day or the use of heated swimming pool requires extra charge.
Ask for the list of amenities that goes with the house. Swimming pool is a plus but heated swimming pools or an additional jacuzzi is better. Request for a tour before reserving the place, they might give you another house than the one you talked about.
Larger backyards are also more preferable since it allows more activity and wider play area for kids. Bigger spaces mean more people can enjoy the house.
Consider the house structure. If traveling with an elderly or disabled, better go for houses with no 2nd floors. It limits movements for them and for you as well.
When you have finalized the agreement, make sure to write everything. It is safer if transactions are made into writing. Be specific with dates, time and payments made. Include clause that you think is important to be noted.
Vacation home in Orlando is very convenient. It is one of the best options in having a rewarding and fruitful vacation.
Source : http://floridatourism.tv/
Nov 28, 2007
Nov 24, 2007
Orlando's median home price drops 2.0 percent to $245,000
The median price of a home purchased in the Orlando area in August of this year decreased to $245,000, a 2.0 percent drop over August 2006's median price of $250,000. March and April of this year posted lower median prices: $240,000 and $242,100, respectively.
In addition, the latest data released from the Orlando Regional Realtor® Association reveals that inventory growth is continuing its slowing trend. The number of new homes added to the market in August 2007 was 295, above the year's record low of 95 in July but far below the record high of 1,729.
The number of sales in the Orlando area declined by 40.3 percent in August 2007 compared to August of last year (1,343 to 2,249). The number of sales that took place in August 2007 also declined over the number of sales that occurred in July 2007 (1,524). Year-to-date sales for 2007 (12,455 through August) are down by 37.2 percent over the same period in 2006 (19,824).
The month-to-month Orlando Housing Affordability Index and the First-time Homebuyers Affordability Index both improved in August: the prior increased from 84.0 percent to 85.0 percent while the latter changed from 59.8 percent to 60.4 percent in. (An affordability index of 85.0 percent means that buyers earning the state-reported median income are 15 percent short of the income necessary to purchase a median-priced home.)
The area's average interest rate was 6.60 percent in August — a tick above last month's rate of 6.50 percent.
Homes of all types spent an average of 108 days on the market before being sold; and the average home sold for 95.1 percent of its original asking price.
The majority of single-family homes (237) that changed hands in August 2007 were sold for between $200,000 and $250,000, while another 164 homes were sold for between $250,000 and $300,000. Two-hundred and forty-five homes sold for less than $200,000 in August, and 436 sold for more than $300,000. On the far ends of the scale, 38 homes were sold for $1 million or more while only four homes sold for less than $50,000.
Inventory
There are currently 26,313 homes available for purchase through the local multiple listing service (MLS). Inventory increased by just 295 homes in August 2007; July 2007 saw an increase of 95 homes; and June 2007 saw an increase of 460. Compared to last year, the August 2007 inventory level is 24.8 percent higher than August 2006.
The current inventory level reflects a 19.59-month supply at the current pace of sales.
There are 19,708 single-family homes currently listed in the MLS. Most (7,454) are listed in the $200,000 - $300,000 price range, while another 2,128 are listed in the $300,000 - $350,000 range. Condos currently make up 4,337 offerings in the MLS, while duplexes/town homes/villas make up the remaining 2,268. Most condos (1,081) are priced at $140,000 to $180,000; most duplexes/town homes/villas (600) are $200,000 - $250,000.
Condos and Town homes/Duplexes/Villas
The sales of condos in the Orlando area declined by 60 percent in August: A total of 143 condos changed hands in August 2007 compared to 360 in August 2006. In a month-to-month comparison, August 2007 condo sales decreased from July 2007 (143 to 171). Most condos (24) that changed hands in August 2007 were sold for between $200,000 and $250,000; followed by 22 condos that were sold for between $100,000 and $120,000. Year-to-date condo sales are down by 55 percent (1,645 condos have been sold so far in 2007 compared to 3,663 by this time last year).
Orlando homebuyers purchased 119 duplexes, town homes, and villas in August 2007, which is a 33 percent decline over August 2006 when 178 of these alternative housing types were purchased. Duplex, town home, and villa sales in August 2007 were nearly equal compared to the number of sales that took place in July 2007 (115). The majority (30) of duplexes, town homes, and villas sold in August 2007 cost between $200,000 and $250,000.
Source : http://www.floridapropertyagency.com/
In addition, the latest data released from the Orlando Regional Realtor® Association reveals that inventory growth is continuing its slowing trend. The number of new homes added to the market in August 2007 was 295, above the year's record low of 95 in July but far below the record high of 1,729.
The number of sales in the Orlando area declined by 40.3 percent in August 2007 compared to August of last year (1,343 to 2,249). The number of sales that took place in August 2007 also declined over the number of sales that occurred in July 2007 (1,524). Year-to-date sales for 2007 (12,455 through August) are down by 37.2 percent over the same period in 2006 (19,824).
The month-to-month Orlando Housing Affordability Index and the First-time Homebuyers Affordability Index both improved in August: the prior increased from 84.0 percent to 85.0 percent while the latter changed from 59.8 percent to 60.4 percent in. (An affordability index of 85.0 percent means that buyers earning the state-reported median income are 15 percent short of the income necessary to purchase a median-priced home.)
The area's average interest rate was 6.60 percent in August — a tick above last month's rate of 6.50 percent.
Homes of all types spent an average of 108 days on the market before being sold; and the average home sold for 95.1 percent of its original asking price.
The majority of single-family homes (237) that changed hands in August 2007 were sold for between $200,000 and $250,000, while another 164 homes were sold for between $250,000 and $300,000. Two-hundred and forty-five homes sold for less than $200,000 in August, and 436 sold for more than $300,000. On the far ends of the scale, 38 homes were sold for $1 million or more while only four homes sold for less than $50,000.
Inventory
There are currently 26,313 homes available for purchase through the local multiple listing service (MLS). Inventory increased by just 295 homes in August 2007; July 2007 saw an increase of 95 homes; and June 2007 saw an increase of 460. Compared to last year, the August 2007 inventory level is 24.8 percent higher than August 2006.
The current inventory level reflects a 19.59-month supply at the current pace of sales.
There are 19,708 single-family homes currently listed in the MLS. Most (7,454) are listed in the $200,000 - $300,000 price range, while another 2,128 are listed in the $300,000 - $350,000 range. Condos currently make up 4,337 offerings in the MLS, while duplexes/town homes/villas make up the remaining 2,268. Most condos (1,081) are priced at $140,000 to $180,000; most duplexes/town homes/villas (600) are $200,000 - $250,000.
Condos and Town homes/Duplexes/Villas
The sales of condos in the Orlando area declined by 60 percent in August: A total of 143 condos changed hands in August 2007 compared to 360 in August 2006. In a month-to-month comparison, August 2007 condo sales decreased from July 2007 (143 to 171). Most condos (24) that changed hands in August 2007 were sold for between $200,000 and $250,000; followed by 22 condos that were sold for between $100,000 and $120,000. Year-to-date condo sales are down by 55 percent (1,645 condos have been sold so far in 2007 compared to 3,663 by this time last year).
Orlando homebuyers purchased 119 duplexes, town homes, and villas in August 2007, which is a 33 percent decline over August 2006 when 178 of these alternative housing types were purchased. Duplex, town home, and villa sales in August 2007 were nearly equal compared to the number of sales that took place in July 2007 (115). The majority (30) of duplexes, town homes, and villas sold in August 2007 cost between $200,000 and $250,000.
Source : http://www.floridapropertyagency.com/
Nov 23, 2007
Spacious Suites for Holiday Travel Featured at Springhill Suites Orlando Lake Buena Vista
Springhill Suites Orlando Lake Buena Vista in the Marriott Village offers amazing and adaptable accommodations that are perfect for holiday travel with the entire family.
Offering 25% more space than traditional hotel suites, this Lake Buena Vista, Florida hotel knows what it takes to make rooms that work for families. As an official Walt Disney World Good Neighbor® Hotel, Springhill Suites boasts an array of amenities, creating a cozy and convenient home away from home, while traveling during the holidays.
Boasting deluxe accommodations, Springhill Suites offers complimentary continental breakfast, high-speed Internet access, on-site parking and newspapers delivered daily.
Lodging in Orlando also features the choice of one king or two double beds, a sofa bed, mini fridge, microwave oven, hairdryer, coffee maker and two TV's, all for guests' added convenience. Separate shower and tub make spacious bathrooms into family-friendly spaces, while Marriott's Revive® bedding boasts crisp linens, custom comforters and fluffier pillows, for a restful night's sleep. For those looking to get some work done during the holidays, Springhill Lake Buena Vista suites also feature large work desks with phones, voicemail, data ports and ergonomic chairs.
In close proximity to Walt Disney World, SeaWorld and other area attractions, this hotel provides an exciting escape from the ordinary. Highlighted by an outdoor swimming pool with a children's play area and whirlpool, this family-friendly hotel offers a wide variety of children's amenities and activities, perfect for every Orlando family vacation.
The Village Food Court boasts an array of meal choices for on-site dining options. From pizza to ice cream and everything in between, this Orlando family restaurant is a quick and easy way to feed the entire family the foods they love.
Springhill Suites Orlando Lake Buena Vista is a remarkable tropical paradise, giving guests a convenient getaway just in time for the fast-approaching holidays.
About Springhill Suites Orlando Lake Buena Vista in Marriott Village
When looking for an exceptional Orlando area hotel, look no further than the spacious Springhill Suites in the Marriott Village. As an official Walt Disney World Good Neighbor® Hotel, this extraordinary Lake Buena Vista hotel offers 25% more space than traditional Orlando area hotel rooms. Continental breakfast, high speed Internet access, and on-site parking are all complimentary at this acclaimed Lake Buena Vista, FL hotel, while large guest rooms provide an abundance of amenities to reflect the comforts of home. Splash in the spectacular outdoor swimming pool with a children's play area or relax in the whirlpool. Boasting a variety of dining options, the Village Food Court at this Walt Disney Good Neighbor® Hotel offers ice cream, pizza, and sandwiches. Enjoy convenient, quick access to many nearby attractions, including Walt Disney World, Universal Studios, SeaWorld, and Discovery Cove. Indulge in spacious studio suites perfect for extended family vacations at Springhill Suites Lake Buena Vista, Florida Hotel.
Source : http://www.prweb.com/
Offering 25% more space than traditional hotel suites, this Lake Buena Vista, Florida hotel knows what it takes to make rooms that work for families. As an official Walt Disney World Good Neighbor® Hotel, Springhill Suites boasts an array of amenities, creating a cozy and convenient home away from home, while traveling during the holidays.
Boasting deluxe accommodations, Springhill Suites offers complimentary continental breakfast, high-speed Internet access, on-site parking and newspapers delivered daily.
Lodging in Orlando also features the choice of one king or two double beds, a sofa bed, mini fridge, microwave oven, hairdryer, coffee maker and two TV's, all for guests' added convenience. Separate shower and tub make spacious bathrooms into family-friendly spaces, while Marriott's Revive® bedding boasts crisp linens, custom comforters and fluffier pillows, for a restful night's sleep. For those looking to get some work done during the holidays, Springhill Lake Buena Vista suites also feature large work desks with phones, voicemail, data ports and ergonomic chairs.
In close proximity to Walt Disney World, SeaWorld and other area attractions, this hotel provides an exciting escape from the ordinary. Highlighted by an outdoor swimming pool with a children's play area and whirlpool, this family-friendly hotel offers a wide variety of children's amenities and activities, perfect for every Orlando family vacation.
The Village Food Court boasts an array of meal choices for on-site dining options. From pizza to ice cream and everything in between, this Orlando family restaurant is a quick and easy way to feed the entire family the foods they love.
Springhill Suites Orlando Lake Buena Vista is a remarkable tropical paradise, giving guests a convenient getaway just in time for the fast-approaching holidays.
About Springhill Suites Orlando Lake Buena Vista in Marriott Village
When looking for an exceptional Orlando area hotel, look no further than the spacious Springhill Suites in the Marriott Village. As an official Walt Disney World Good Neighbor® Hotel, this extraordinary Lake Buena Vista hotel offers 25% more space than traditional Orlando area hotel rooms. Continental breakfast, high speed Internet access, and on-site parking are all complimentary at this acclaimed Lake Buena Vista, FL hotel, while large guest rooms provide an abundance of amenities to reflect the comforts of home. Splash in the spectacular outdoor swimming pool with a children's play area or relax in the whirlpool. Boasting a variety of dining options, the Village Food Court at this Walt Disney Good Neighbor® Hotel offers ice cream, pizza, and sandwiches. Enjoy convenient, quick access to many nearby attractions, including Walt Disney World, Universal Studios, SeaWorld, and Discovery Cove. Indulge in spacious studio suites perfect for extended family vacations at Springhill Suites Lake Buena Vista, Florida Hotel.
Source : http://www.prweb.com/
The Orlando Condo Market: Part II - The Interstate 4 Analogy
Some condominiums have been postponed, others have been axed completely. I can rattle off over half a dozen condo communities that have done a vanishing act like this in the last few months (read more here). The inventory of condos for sale has dropped by several thousand, and the previously much sought after rental property has increased by much the same amount. Take a look at the leasing signs that have appeared outside former conversions in the last few months.
So slowly, the tide is turning and the market, always a slave to market forces, will eventually reach equilibrium again. For those of you waiting for even better pricing, for even better incentives; for those who think the worst is still to come, you may be about to miss the boat - and along with it, the opportunity to acquire property when the going was good. Legions are those who will eventually join the masses to buy - just as soon as the next scramble for equity begins - (which will be just as soon as the media tells you it’s okay to buy again). But by then of course, it will be too late, you’ll be the wrong side of the curve, just another body on an over populated bandwagon. And then will come that familiar refrain: “If only I’d bought when… I’d be laughing right now.”
If you want to be one of Orlando’s future hyenas, the trick is to stop doing what everyone else is doing and get back to basics: Buy low, sell high. It might seem pretty obvious, but if so, why did everyone buy high? Those same investors are now being forced to sell low. Now if you have a house to sell before you can take advantage of the current “buyers” market, I grant that makes life more complicated, but if you’re a first time buyer, there’s really no excuse for waiting. And if you’re hovering simply because relatives are telling you to wait, please shoot them, because developers are bending over backwards right now to sell you their condos. And their offers of free upgrades, waived HOA fees and countless other incentives will disappear overnight, the second the masses decide to join the party again. And that’s a promise.
Everyone wants to get ahead. But it’s impossible to get ahead of the crowd if you’re a follower - if you wait for everyone to tell you that the time is “right”.
Let me put it this way: Don’t you just love it when you’re driving into the city at the end of the day just as everyone else is trying to get out? You should try it some time. It’s fun when you’re doing 70mph eastbound (cough, by which I mean 55mph), while everyone else is doing 10mph westbound. The only people moving on I4 are the folk moving in the opposite direction to everyone else.
Real estate and stock trading are no different. In order to get ahead, you have to do the opposite of what everyone else is doing. I have a friend who claims to make more money day trading before his 10am cup of coffee, than he makes the entire rest of the day in his own business. I asked him what his strategy was and he said: “Buy when no one else wants to buy. And sell when no one else feels like selling.” It’s simple economics. And it feels great. Unless, of course, you’re a fan of the parking lot we affectionately call I4.
Source : http://blogs.condo.com/
So slowly, the tide is turning and the market, always a slave to market forces, will eventually reach equilibrium again. For those of you waiting for even better pricing, for even better incentives; for those who think the worst is still to come, you may be about to miss the boat - and along with it, the opportunity to acquire property when the going was good. Legions are those who will eventually join the masses to buy - just as soon as the next scramble for equity begins - (which will be just as soon as the media tells you it’s okay to buy again). But by then of course, it will be too late, you’ll be the wrong side of the curve, just another body on an over populated bandwagon. And then will come that familiar refrain: “If only I’d bought when… I’d be laughing right now.”
If you want to be one of Orlando’s future hyenas, the trick is to stop doing what everyone else is doing and get back to basics: Buy low, sell high. It might seem pretty obvious, but if so, why did everyone buy high? Those same investors are now being forced to sell low. Now if you have a house to sell before you can take advantage of the current “buyers” market, I grant that makes life more complicated, but if you’re a first time buyer, there’s really no excuse for waiting. And if you’re hovering simply because relatives are telling you to wait, please shoot them, because developers are bending over backwards right now to sell you their condos. And their offers of free upgrades, waived HOA fees and countless other incentives will disappear overnight, the second the masses decide to join the party again. And that’s a promise.
Everyone wants to get ahead. But it’s impossible to get ahead of the crowd if you’re a follower - if you wait for everyone to tell you that the time is “right”.
Let me put it this way: Don’t you just love it when you’re driving into the city at the end of the day just as everyone else is trying to get out? You should try it some time. It’s fun when you’re doing 70mph eastbound (cough, by which I mean 55mph), while everyone else is doing 10mph westbound. The only people moving on I4 are the folk moving in the opposite direction to everyone else.
Real estate and stock trading are no different. In order to get ahead, you have to do the opposite of what everyone else is doing. I have a friend who claims to make more money day trading before his 10am cup of coffee, than he makes the entire rest of the day in his own business. I asked him what his strategy was and he said: “Buy when no one else wants to buy. And sell when no one else feels like selling.” It’s simple economics. And it feels great. Unless, of course, you’re a fan of the parking lot we affectionately call I4.
Source : http://blogs.condo.com/
Nov 22, 2007
Selling Your Condo
For whichever reason you may be selling your condo there are several things that you should keep in mind as you enter the selling process. Here are few tips to sell your condo as fast and as quickly as possible.
Study the Market
If you are currently living in your condo and have decided to move to another condo you have probably already started to investigate what the market is doing in your area. If you are selling a vacation or investment condo you should start to look at the market well before you are looking to sell your condo.
Market conditions will determine the price you will be able to get for your condo from a buyer and will also determine how long your condo will be sitting on the market. Study your local market and price your condo at the going market rate.
Choose Your Listing Price
Deciding on a listing price that you are comfortable with and that is conducive to the current market climate in your area is very important. You may want to employ a real estate professional to help you with this decision, although only you know what price you can afford to sell your condo for.
Pre-Market Your Condo
Start telling people that you are putting your condo on the market. Tell people in your lobby, at work, at the grocery store, etc, you never know who has been dreaming of buying a unit in your building. You may even get lucky and find a buyer without having to hire a real estate agent to help sell your unit.
List Your Condo
Now that you have decided on a sales price for your unit and have made preparations for other living arrangements you need to list your condo.For people that do not want to sell their condo by themselves and prefer to have an agent represent them now is the time to find a real estate agent that you feel comfortable with.
Offer Buyer’s Incentives
Buyer’s incentives are a great way to sell your unit faster, especially when the market is slowing. We have listed some of the most effective buyer’s incentives below as examples of ways you can help sell your unit faster.
1. Offer a Condo Warranty
2. Offer to buy down the buyer's mortgage interest rate. This may cost a couple of thousand dollars, but that's likely to be less than what it will cost you if your condo languishes on the market and you eventually reduce it by $10,000 or more to sell it.
3. Offer a higher buyers broker commission. This will give buyers brokers more of an incentive to bring buyers to your condo.
4. Offer to pre-pay a year's worth of association fees.
5. Offer credit toward the buyer's closing costs.
6. Offer a weekend getaway at an attractive lodge or hotel.
Entertain Buyers Offers
As buyers begin touring your unit you will begin to receive offers from the buyers on your unit. Some buyers will attempt to lowball your price while others may make an offer that is soo low you may be offended. You can now begin to respond to offers that you would like to entertain. You can accept the initial offer, make a counteroffer or stand firm on your initial price.
Closing
Once you have accepted an offer you can begin the closing process. The seller’s side of the closing process is usually less strenuous than the buyer side. As a seller you should monitor the closing process to make sure the buyer is staying on schedule with all of their responsibilities. The final closing where the title and all other documents are finalized usually takes place in the closing attorney’s office or in the office of the seller’s real estate agent.
Source : http://dallas.condo.com/
Study the Market
If you are currently living in your condo and have decided to move to another condo you have probably already started to investigate what the market is doing in your area. If you are selling a vacation or investment condo you should start to look at the market well before you are looking to sell your condo.
Market conditions will determine the price you will be able to get for your condo from a buyer and will also determine how long your condo will be sitting on the market. Study your local market and price your condo at the going market rate.
Choose Your Listing Price
Deciding on a listing price that you are comfortable with and that is conducive to the current market climate in your area is very important. You may want to employ a real estate professional to help you with this decision, although only you know what price you can afford to sell your condo for.
Pre-Market Your Condo
Start telling people that you are putting your condo on the market. Tell people in your lobby, at work, at the grocery store, etc, you never know who has been dreaming of buying a unit in your building. You may even get lucky and find a buyer without having to hire a real estate agent to help sell your unit.
List Your Condo
Now that you have decided on a sales price for your unit and have made preparations for other living arrangements you need to list your condo.For people that do not want to sell their condo by themselves and prefer to have an agent represent them now is the time to find a real estate agent that you feel comfortable with.
Offer Buyer’s Incentives
Buyer’s incentives are a great way to sell your unit faster, especially when the market is slowing. We have listed some of the most effective buyer’s incentives below as examples of ways you can help sell your unit faster.
1. Offer a Condo Warranty
2. Offer to buy down the buyer's mortgage interest rate. This may cost a couple of thousand dollars, but that's likely to be less than what it will cost you if your condo languishes on the market and you eventually reduce it by $10,000 or more to sell it.
3. Offer a higher buyers broker commission. This will give buyers brokers more of an incentive to bring buyers to your condo.
4. Offer to pre-pay a year's worth of association fees.
5. Offer credit toward the buyer's closing costs.
6. Offer a weekend getaway at an attractive lodge or hotel.
Entertain Buyers Offers
As buyers begin touring your unit you will begin to receive offers from the buyers on your unit. Some buyers will attempt to lowball your price while others may make an offer that is soo low you may be offended. You can now begin to respond to offers that you would like to entertain. You can accept the initial offer, make a counteroffer or stand firm on your initial price.
Closing
Once you have accepted an offer you can begin the closing process. The seller’s side of the closing process is usually less strenuous than the buyer side. As a seller you should monitor the closing process to make sure the buyer is staying on schedule with all of their responsibilities. The final closing where the title and all other documents are finalized usually takes place in the closing attorney’s office or in the office of the seller’s real estate agent.
Source : http://dallas.condo.com/
Orlando Mortgage Facts
Orlando Introduction
Orlando, the theme park capital of the world, is located roughly in the middle of Florida on the East-West Expressway (408) and Interstate 4. Orlando is the county seat of Orange County, Florida. It is an hour and thirty minutes northeast of Tampa, an hour southwest of Daytona Beach, and an hour northwest of Port Canaveral.
Orlando Neighborhoods
The City of Orlando has 88 residential neighborhoods. One of the more famous is the Lake Eola Heights Historic District, which has been a U.S. historic district since 1992. The Lake Eola Heights Historic District contains over 480 historic buildings.
Orlando Real Estate
In 2005 there were an estimated 101,981 housing units in Orlando (U.S. Census Bureau). Of these, 39.7 were owner occupied, 60.3% were renter occupied, and 7.6% were vacant. The owner occupancy rate in Orlando was substantially below the national average of 66.9% as of 2005.
Orlando housing is relatively young. Nearly 80% of Orlando's homes have been built since 1960, and slightly over half has been built since 1980. The vast majority of Orlando residences are 4 or more rooms with 2 or more bedrooms. Around 10% have 8 or more rooms and 4 or more bedrooms. As is true of most of Central Florida, most of Orlando's homes are heated by electricity.
An owner occupied home in Orlando had a median value of $194,300 in 2005. This was above the national average and substantially above the $103,200 median value in 2000. According to the National Association of Realtors (NAR), the median price of an Orlando home was up to $267,000 by the end of the Q1 2007.
In Orlando, three quarters (74.5%) of the owner-occupied homes have a mortgage loan. Many Orlando homeowners (28.9%) are tapping into the value of their homes with equity loans and/or second mortgages.Median monthly owner costs for a residence in Orlando were $1,250 in 2005, slightly below the average for the US as a whole.
Orlando Property Taxes
The Orange County Property Appraiser is responsible for identifying, locating, and fairly valuing all real and personal property within Orange county for tax purposes. The Orange County Tax Collector collects the property taxes for Orlando and Orange County. As of 2005, the median annual real estate tax bill for an owner occupied home in Orlando was $1,683 (US Census Bureau Data).
Orlando Schools
The City of Orlando, Florida is served by the Orange County Public School (OCPS) system. OCPS is the 11th largest school system in the United States, and the 4th largest in the State of Florida. OCPS is also the second largest employer in Central Florida.
Nearly 75% of the schools in Orange County earned A and B grades in 2006 under the state’s A+ Plan for Education. Since 2005 two of Orlando's public schools have earned recognition from the Federal Government's "No Child Left Behind-Blue Ribbon Schools" program.
Colleges and universities located in Orlando include: Barry University's law school, DeVry University, Embry-Riddle Aeronautical University, Everglades University, Florida A&M University's law school, Florida Institute of Technology, Florida Hospital College of Health Sciences, Florida Metropolitan University, High Tech Institute, Nova Southeastern University, Keiser College, Orlando Culinary Academy, Polytechnic University, Reformed Theological Seminary, University of Central Florida, University of Phoenix, and Valencia Community College.
Orlando Economy
The main engine of the Orlando economy is travel and tourism and Walt Disney World is by far the largest employer. But Orlando's economy is not solely dependent on tourism. Other major sectors of the economy include (ranked by size of employment):
* Trade, Transportation, and Utilities
* Professional and Business Services
* Government
* Educational and Health Services
There are three Fortune 1000 companies headquartered in Orlando (Airtran Holdings, Darden Restaurants, and Hughes Supply). Behind Walt Disney, Orlando's largest employers include: Adventist Health System, Federal Government, Florida Hospital, Orange County Public Schools, Orlando Regional Healthcare System, Publix Supermarkets, Universal Orlando, and Wal-Mart.
According to US Census Bureau data, as of 2005 the median household income in Orlando was $36,699. This was well below the national average ($46,242) and below the average for Florida ($42,433).
Source : http://www.citytowninfo.com/
Orlando, the theme park capital of the world, is located roughly in the middle of Florida on the East-West Expressway (408) and Interstate 4. Orlando is the county seat of Orange County, Florida. It is an hour and thirty minutes northeast of Tampa, an hour southwest of Daytona Beach, and an hour northwest of Port Canaveral.
Orlando Neighborhoods
The City of Orlando has 88 residential neighborhoods. One of the more famous is the Lake Eola Heights Historic District, which has been a U.S. historic district since 1992. The Lake Eola Heights Historic District contains over 480 historic buildings.
Orlando Real Estate
In 2005 there were an estimated 101,981 housing units in Orlando (U.S. Census Bureau). Of these, 39.7 were owner occupied, 60.3% were renter occupied, and 7.6% were vacant. The owner occupancy rate in Orlando was substantially below the national average of 66.9% as of 2005.
Orlando housing is relatively young. Nearly 80% of Orlando's homes have been built since 1960, and slightly over half has been built since 1980. The vast majority of Orlando residences are 4 or more rooms with 2 or more bedrooms. Around 10% have 8 or more rooms and 4 or more bedrooms. As is true of most of Central Florida, most of Orlando's homes are heated by electricity.
An owner occupied home in Orlando had a median value of $194,300 in 2005. This was above the national average and substantially above the $103,200 median value in 2000. According to the National Association of Realtors (NAR), the median price of an Orlando home was up to $267,000 by the end of the Q1 2007.
In Orlando, three quarters (74.5%) of the owner-occupied homes have a mortgage loan. Many Orlando homeowners (28.9%) are tapping into the value of their homes with equity loans and/or second mortgages.Median monthly owner costs for a residence in Orlando were $1,250 in 2005, slightly below the average for the US as a whole.
Orlando Property Taxes
The Orange County Property Appraiser is responsible for identifying, locating, and fairly valuing all real and personal property within Orange county for tax purposes. The Orange County Tax Collector collects the property taxes for Orlando and Orange County. As of 2005, the median annual real estate tax bill for an owner occupied home in Orlando was $1,683 (US Census Bureau Data).
Orlando Schools
The City of Orlando, Florida is served by the Orange County Public School (OCPS) system. OCPS is the 11th largest school system in the United States, and the 4th largest in the State of Florida. OCPS is also the second largest employer in Central Florida.
Nearly 75% of the schools in Orange County earned A and B grades in 2006 under the state’s A+ Plan for Education. Since 2005 two of Orlando's public schools have earned recognition from the Federal Government's "No Child Left Behind-Blue Ribbon Schools" program.
Colleges and universities located in Orlando include: Barry University's law school, DeVry University, Embry-Riddle Aeronautical University, Everglades University, Florida A&M University's law school, Florida Institute of Technology, Florida Hospital College of Health Sciences, Florida Metropolitan University, High Tech Institute, Nova Southeastern University, Keiser College, Orlando Culinary Academy, Polytechnic University, Reformed Theological Seminary, University of Central Florida, University of Phoenix, and Valencia Community College.
Orlando Economy
The main engine of the Orlando economy is travel and tourism and Walt Disney World is by far the largest employer. But Orlando's economy is not solely dependent on tourism. Other major sectors of the economy include (ranked by size of employment):
* Trade, Transportation, and Utilities
* Professional and Business Services
* Government
* Educational and Health Services
There are three Fortune 1000 companies headquartered in Orlando (Airtran Holdings, Darden Restaurants, and Hughes Supply). Behind Walt Disney, Orlando's largest employers include: Adventist Health System, Federal Government, Florida Hospital, Orange County Public Schools, Orlando Regional Healthcare System, Publix Supermarkets, Universal Orlando, and Wal-Mart.
According to US Census Bureau data, as of 2005 the median household income in Orlando was $36,699. This was well below the national average ($46,242) and below the average for Florida ($42,433).
Source : http://www.citytowninfo.com/
Nov 21, 2007
Orlando Housing Market Sentiment index is 38/100 for November 2007
100 is in balance, less than 100 is a market value decline forecast, more than 100 is a market value increase forecast. Orlando Florida Housing Market Sentiment Trend Index is updated on this site the 1st of each new month. Make this site a favorite and visit often for the latest opinion in the Orlando housig market.
Current market conditions
The market is currently in the process of tipping in favor of buyers. We think the foreclosures peak will be the end of 2008 and this will be when bargains galore emerge.
Forecast conditions
The market will get worse, much worse as most adjustable rates have not yet kicked in and reset upwards.
Lending conditions
Are getting tighter. Many lenders will no longer lend in Florida unless the borrowers are significantly qualified. This will push demand down and prices with it.
When to buy
Possibly wait till the end of 2008. Why not rent a house, there are thousands for rent. You can get a $300K house for as little as $1400 a month. This is much cheaper than owning as a typical mortgage with taxes and insurance would be closer to $3000 a month as an owner.
Source : http://orlandorealestatetrends.wordpress.com/
Current market conditions
The market is currently in the process of tipping in favor of buyers. We think the foreclosures peak will be the end of 2008 and this will be when bargains galore emerge.
Forecast conditions
The market will get worse, much worse as most adjustable rates have not yet kicked in and reset upwards.
Lending conditions
Are getting tighter. Many lenders will no longer lend in Florida unless the borrowers are significantly qualified. This will push demand down and prices with it.
When to buy
Possibly wait till the end of 2008. Why not rent a house, there are thousands for rent. You can get a $300K house for as little as $1400 a month. This is much cheaper than owning as a typical mortgage with taxes and insurance would be closer to $3000 a month as an owner.
Source : http://orlandorealestatetrends.wordpress.com/
Orlando, Florida Has it All
If you are going to Orlando, Florida, they have more to offer than a lot of places do. They have there beautiful sandy beaches, white sand and tan sand, and all the sea shells you would want to take home. On 3 areas of Florida you have beaches, the east side and the west side and of course down by Key West. They have Condos to rent and townhouses or you may want to buy a place for a vacation home. It's just a good place to get away and have fun, and relax. Daytona Beach is really beautiful and then Key West is a great place, plus my favorite is Pensacola where we rented a condo right on an island off Pensacola, and they were very reasonable. From miniature golf to go carts to just sun bathing was all great, everything in Florida is great. You may even want to go surfing or fishing in the ocean, maybe even sailing.
They have Busch Gardens, maybe Sea World or even Universal Theme Park, but I just loved the most famous one Disney World. I recommend it highly, for you to go there. You have to make reservations in advance if you want to stay on the Disney Worlds grounds, only because you benefit from staying there. They have several resorts to chose from. We chose the Caribbean Resort. The big advantage is that if you stay in the resort you get to go to the theme parks 1 hour earlier than anyone else. The Caribbean had there own restaurants and gift shops within walking distance of your rooms. All the resorts have different ones. Plus they all have pools or a lake to lounge around, to catch your breath. The views from every room were breathtaking, with the pretty landscape all done in different flowers and some in a figure of say Mickey Mouse or Minnie Mouse, so enjoyable to relax.
Early every morning there shuttles to take us to the theme parks of our chose. Each shuttle was color coded and they ran every 25 minutes. We planned three theme parks on that trip, Wild Kingdom and Epcot and last MGM. Wild Kingdom was so exciting because they put on different shows for you. Ours was the Lion King, it was the best ever, so colorful and all of there costumes just were so awesome with the music and all unbelievable. As you walk on through the park they had a safari ride which was like the real thing in Africa. All of the wild animals were right next to you, but of course they had underground wires to keep them from you.
The next theme park was Epcot, this was great because you could walk all the way around and see the different mock up of the countries and to sample there foods, or see there cultures. All of them dressed in their own nationalities. One that really stuck out was Italy, known for their statues really fascinated me so I walked over to get my picture taken by one and it touch me. Not really a statue but a person painted white like one and didn't move at all. They stayed in that pose for several minutes maybe even longer, who would of know that. I know for one thing I can scream, then they did there thing again for the next person that didn't realize it. This was so classical of them I could stand still that long.
The last place was MGM, they did shows, a big theater was playing "Honey I Shrunk the Kids" in 3-D. So they gave you 3-D glasses as you went in. This made some scenes jump out at you really clever. They also had an interesting mock up of Hollywood scenes in front of you on the streets. Every night each theme park shoots of fire works before they close that park. You could stay and watch them there or go back to your resort and even see them from your room. All of this by making reservations n advance; Disney World was really worth the time and the money.
Just over from Orlando you have the Kennedy Space Center where the Shuttle lifts off. Or maybe you wish to visit the Everglades or the Lakes. Three lakes most famous are Lake Copeland and Lake Lawson, but the most romantic lake is Lake Eola, they have swan boats, clubs with in walking distance and dinning. Then there is Gatorland in the everglades, they have several features like, marsh lands and Alligator Island, even flamingo lagoon and a petting zoo. So take a leap at Orlando and the surrounding areas of the sunshine state where you can experience it all.
Source : http://www.associatedcontent.com/
They have Busch Gardens, maybe Sea World or even Universal Theme Park, but I just loved the most famous one Disney World. I recommend it highly, for you to go there. You have to make reservations in advance if you want to stay on the Disney Worlds grounds, only because you benefit from staying there. They have several resorts to chose from. We chose the Caribbean Resort. The big advantage is that if you stay in the resort you get to go to the theme parks 1 hour earlier than anyone else. The Caribbean had there own restaurants and gift shops within walking distance of your rooms. All the resorts have different ones. Plus they all have pools or a lake to lounge around, to catch your breath. The views from every room were breathtaking, with the pretty landscape all done in different flowers and some in a figure of say Mickey Mouse or Minnie Mouse, so enjoyable to relax.
Early every morning there shuttles to take us to the theme parks of our chose. Each shuttle was color coded and they ran every 25 minutes. We planned three theme parks on that trip, Wild Kingdom and Epcot and last MGM. Wild Kingdom was so exciting because they put on different shows for you. Ours was the Lion King, it was the best ever, so colorful and all of there costumes just were so awesome with the music and all unbelievable. As you walk on through the park they had a safari ride which was like the real thing in Africa. All of the wild animals were right next to you, but of course they had underground wires to keep them from you.
The next theme park was Epcot, this was great because you could walk all the way around and see the different mock up of the countries and to sample there foods, or see there cultures. All of them dressed in their own nationalities. One that really stuck out was Italy, known for their statues really fascinated me so I walked over to get my picture taken by one and it touch me. Not really a statue but a person painted white like one and didn't move at all. They stayed in that pose for several minutes maybe even longer, who would of know that. I know for one thing I can scream, then they did there thing again for the next person that didn't realize it. This was so classical of them I could stand still that long.
The last place was MGM, they did shows, a big theater was playing "Honey I Shrunk the Kids" in 3-D. So they gave you 3-D glasses as you went in. This made some scenes jump out at you really clever. They also had an interesting mock up of Hollywood scenes in front of you on the streets. Every night each theme park shoots of fire works before they close that park. You could stay and watch them there or go back to your resort and even see them from your room. All of this by making reservations n advance; Disney World was really worth the time and the money.
Just over from Orlando you have the Kennedy Space Center where the Shuttle lifts off. Or maybe you wish to visit the Everglades or the Lakes. Three lakes most famous are Lake Copeland and Lake Lawson, but the most romantic lake is Lake Eola, they have swan boats, clubs with in walking distance and dinning. Then there is Gatorland in the everglades, they have several features like, marsh lands and Alligator Island, even flamingo lagoon and a petting zoo. So take a leap at Orlando and the surrounding areas of the sunshine state where you can experience it all.
Source : http://www.associatedcontent.com/
Orlando Vacation Rentals
An Orlando vacation rental or condo makes the ideal home base for family fun in central Florida. Or, book a vacation rental home in nearby Kissimmee or Davenport for easy access to a wide range of central Florida attractions.
Kissimmee, Davenport and Orlando vacation rentals are conveniently located near major theme parks, including Disney's Magic Kingdom, Epcot, Disney-MGM Studios, Disney's Animal Kingdom, SeaWorld Orlando and Universal Studios. Other area attractions include Discovery Cove, The Titanic Experience, Cirque du Soleil - La Nouba, Universal's Islands of Adventure and Gatorland.
But there's more to the Orlando area than theme parks. Visitors can ride in a hot air balloon or glider, go canoeing or horseback riding, or cool off at water parks like Wet 'n Wild Orlando, Disney's Typhoon Lagoon Water Park, Disney's Blizzard Beach Water Park and Water Mania. Orlando is a paradise for golfers, with more than 160 golf courses in the area.
Historic and cultural attractions for guests of Orlando vacation rentals include the Orlando Museum of Art, the Orlando Science Center, the Historic Waterhouse Residence and Carpentry Shop Museum and the Orange County Regional History Center.
A variety of performing arts are available to guests of Orlando vacation rentals, including ballet, opera, philharmonic orchestra, and theatre. Families will enjoy the theme dining experiences at Dolly Parton's Dixie Stampede Dinner and Show, Pirate's Dinner Adventure, Medieval Times Dinner & Tournament, Arabian Nights, and other venues.
Davenport, Kissimmee and Orlando vacation rentals are conveniently located for visiting other central Florida attractions such as Cypress Gardens Adventure Park in Winter Haven, Busch Gardens and Adventure Island in Tampa, Daytona International Speedway in Daytona Beach and the Kennedy Space Center.
The Orlando area is the ultimate family vacation destination. Reserve your Kissimmee, Davenport or Orlando vacation rental or condo today!
Source : http://www.triphomes.com/
Kissimmee, Davenport and Orlando vacation rentals are conveniently located near major theme parks, including Disney's Magic Kingdom, Epcot, Disney-MGM Studios, Disney's Animal Kingdom, SeaWorld Orlando and Universal Studios. Other area attractions include Discovery Cove, The Titanic Experience, Cirque du Soleil - La Nouba, Universal's Islands of Adventure and Gatorland.
But there's more to the Orlando area than theme parks. Visitors can ride in a hot air balloon or glider, go canoeing or horseback riding, or cool off at water parks like Wet 'n Wild Orlando, Disney's Typhoon Lagoon Water Park, Disney's Blizzard Beach Water Park and Water Mania. Orlando is a paradise for golfers, with more than 160 golf courses in the area.
Historic and cultural attractions for guests of Orlando vacation rentals include the Orlando Museum of Art, the Orlando Science Center, the Historic Waterhouse Residence and Carpentry Shop Museum and the Orange County Regional History Center.
A variety of performing arts are available to guests of Orlando vacation rentals, including ballet, opera, philharmonic orchestra, and theatre. Families will enjoy the theme dining experiences at Dolly Parton's Dixie Stampede Dinner and Show, Pirate's Dinner Adventure, Medieval Times Dinner & Tournament, Arabian Nights, and other venues.
Davenport, Kissimmee and Orlando vacation rentals are conveniently located for visiting other central Florida attractions such as Cypress Gardens Adventure Park in Winter Haven, Busch Gardens and Adventure Island in Tampa, Daytona International Speedway in Daytona Beach and the Kennedy Space Center.
The Orlando area is the ultimate family vacation destination. Reserve your Kissimmee, Davenport or Orlando vacation rental or condo today!
Source : http://www.triphomes.com/
Nov 20, 2007
Orlando Condos
Orlando is a growing city full of night life, sports and so much more. Find the Orlando condos that fit your lifestyle and budget by utilizing one of the many useful real estate websites on the internet. There are national and well as regional and local real estate search websites that can take the hassle out of comparing different properties.
Will you be using a real estate agent or realtor to aid you in your search as well as through the entire buying process? Most people find that using a realtor to find and purchase a home is the easiest and most efficient way to find a new home. Realtors will help you by compiling listings that match your individual criteria, as well as deal with property owners and agents.
Choosing a realtor can have a huge impact on the home buying process. If you find yourself dealing with a realtor that doesn’t seem to understand what it is you want, it can be very frustrating and difficult to work with the person. Though it’s normal for the relationship to take a little work, if you give your realtor feedback about what he or she needs to do to find the condo you are looking for and he or she doesn’t make improvements, it’s time to find another realtor.
find the right realtor from the beginning, you may find it useful to use an internet realtor review site to hear what other people thought about their experiences with particular realtors. If you don’t have personal word of mouth to go by, the next best thing is a review site that helps users compare and contrast realtors by location.
Once you’ve selected a few prospective realtors, go ahead and give them each a trial. Provide each realtor with your list of requirements and see what they come up with. You’ll quickly be able to tell which one thinks like you, which one will be most likely to come up with your dream Orlando condo.
Source : http://www.whatarecondos.com/
Will you be using a real estate agent or realtor to aid you in your search as well as through the entire buying process? Most people find that using a realtor to find and purchase a home is the easiest and most efficient way to find a new home. Realtors will help you by compiling listings that match your individual criteria, as well as deal with property owners and agents.
Choosing a realtor can have a huge impact on the home buying process. If you find yourself dealing with a realtor that doesn’t seem to understand what it is you want, it can be very frustrating and difficult to work with the person. Though it’s normal for the relationship to take a little work, if you give your realtor feedback about what he or she needs to do to find the condo you are looking for and he or she doesn’t make improvements, it’s time to find another realtor.
find the right realtor from the beginning, you may find it useful to use an internet realtor review site to hear what other people thought about their experiences with particular realtors. If you don’t have personal word of mouth to go by, the next best thing is a review site that helps users compare and contrast realtors by location.
Once you’ve selected a few prospective realtors, go ahead and give them each a trial. Provide each realtor with your list of requirements and see what they come up with. You’ll quickly be able to tell which one thinks like you, which one will be most likely to come up with your dream Orlando condo.
Source : http://www.whatarecondos.com/
Orlando Dominates the U.S. Condo-Hotel Market
Why Orlando? The city is undeniably one of the nation’s top vacation destinations. Over the years, Orlando, Florida, has been repeatedly recognized for its outstanding hospitality industry with, on average, about 50 million visitors every year. The great weather, numerous theme parks, championship golf courses and convention centers for business conferences all contribute to Orlando’s national appeal. Orlando is, in fact, in the process of overtaking Las Vegas as the most popular site in the U.S. to hold business conferences.
According to the ARDA (American Resort Development Association), Florida is the most preferred state by Americans for the purchase of recreational property, and, according to the National Association of Realtors (NAR), foreign buyers favor Orlando over other U.S. cities and account for 23 percent of home sales in the city.
The condo-hotel market in Orlando is also unique because the units are larger than those in Miami and Fort Lauderdale, Florida. They are designed to accommodate families that visit the area’s theme parks. Units with two to four bedrooms are common in Orlando, whereas in other South Florida cities, units consist mainly of studios.
Orlando condo-hotel units also cost less per square foot than those in South Florida. Units sell for $400 to $700 per square foot in Orlando, and luxury units with resort amenities start at $350,000. In South Florida, units sell anywhere from $1,000 to $2,000 per square foot, and most units sell for a minimum of $500,000.
Source : http://www.rebusinessonline.com/Orlando Condo Hotels Offer Value
Orlando condo hotel units tend to be larger than those found in cities like Miami Beach and Fort Lauderdale. Designed to accommodate the many families and extended families that come to the area theme parks, two-, three- and even four-bedroom units in Orlando properties are not uncommon. In South Florida cities, you primarily find studios and one-bedroom units.
Orlando condo hotel units also tend to cost significantly less per square foot than South Florida condo hotels. In Orlando, you can expect to pay $400 - $700 per square foot. You can find a luxury unit with resort amenities starting at $350,000.
In South Florida, most condo hotels start at $500,000 and up, significantly more if they're oceanfront. Miami condo hotel units range from $1,000 to $2,400 per square foot, and Ft. Lauderdale condo hotels range from $1,000 to $1,300 per square foot.
Although real estate appreciation has been occurring at an astounding rate of 20% to 30% per year throughout Orlando, many buyers still consider Orlando to be a good value when compared to other Florida locales and when all that the city has to offer is taken into consideration.
Source : http://www.travelindustrywire.com/
Orlando condo hotel units also tend to cost significantly less per square foot than South Florida condo hotels. In Orlando, you can expect to pay $400 - $700 per square foot. You can find a luxury unit with resort amenities starting at $350,000.
In South Florida, most condo hotels start at $500,000 and up, significantly more if they're oceanfront. Miami condo hotel units range from $1,000 to $2,400 per square foot, and Ft. Lauderdale condo hotels range from $1,000 to $1,300 per square foot.
Although real estate appreciation has been occurring at an astounding rate of 20% to 30% per year throughout Orlando, many buyers still consider Orlando to be a good value when compared to other Florida locales and when all that the city has to offer is taken into consideration.
Source : http://www.travelindustrywire.com/
Nov 19, 2007
Condo buyers seeking release from contracts
ORLANDO -- Condo buyers who jumped into a white-hot real estate market a couple of years ago now are suing to get back their deposits on units that have dropped in value since they put money down.
Several civil suits were filed this year in Orange County Circuit Court by buyers citing breach of contract due to a variety of alleged material changes made that were not part of their original purchase agreements.
The buyers' goal is to get back their deposits, or for the developers to settle out of court, return at least some money and cancel the purchase contracts, say local attorneys.
And this is just the first wave of litigation regarding units in unfinished condo towers in Central Florida, say local lawyers involved in the current cases. Downtown Orlando has more than 4,000 condo units planned or under construction, says the Downtown Orlando Partnership.
Source : http://www.bizjournals.com/
About Orlando Condos
History is not as apparent on where the name Orlando originated. There are four stories that are told. One involves Judge James Speer, who worked hard in getting Orlando as the county seat, naming Orlando after a man who once worked for him. Another is that Speer named it after a character from Shakespeare’s, "As You Like It". A third version has Mr. Orlando on his way to Tampa with a caravan of ox. It is said that he got ill, died and was buried, and that folks would come by and say, "There lies Orlando"
The most common story is about a company of soldiers on duty during the height of the Seminole Wars. After battling Indians back into the swamps on the east side of Lake Minnie (now Cherokee), the military troop settled there for the night. Sentinel Orlando Reeves was guarding the camp when he spotted a log floating toward him. Recognizing the Indian masquerade and wanting to warn his fellow soldiers, he fired his gun. Arrows felled the poor fellow as the Indians came out to ensnare the camp. The Indians were chased back again, and the south side of Lake Eola was chosen to bury Orlando Reeves.
Orlando Condos and Real Estate has come of age in the center of Florida . Mickey Mouse, everybody's favorite mouse has caused the sleepy town to explode with tourists over the past several decades. With the population increase, a natural effect of wanting luxury condos to vacation and live in. Developers throughout the world have recognized the real estate needs of those in Orlando . There are currently several new condo projects rising in the downtown area of Orlando . It is more than tourists who are finding that this city is magical. The Orland music scene has helped find many top notch performers. And yes these same performers are buying condos and real estate in central Florida ! If you are considering buying a condo in Orlando, talk with the Realtors, professionals who can help you find the perfect Condo, and help you lease it as a vacation rental property.Every Orlando condominium is unique unto itself, each seemingly with its own personality.
Source : http://orlando.condocompany.com/
The most common story is about a company of soldiers on duty during the height of the Seminole Wars. After battling Indians back into the swamps on the east side of Lake Minnie (now Cherokee), the military troop settled there for the night. Sentinel Orlando Reeves was guarding the camp when he spotted a log floating toward him. Recognizing the Indian masquerade and wanting to warn his fellow soldiers, he fired his gun. Arrows felled the poor fellow as the Indians came out to ensnare the camp. The Indians were chased back again, and the south side of Lake Eola was chosen to bury Orlando Reeves.
Orlando Condos and Real Estate has come of age in the center of Florida . Mickey Mouse, everybody's favorite mouse has caused the sleepy town to explode with tourists over the past several decades. With the population increase, a natural effect of wanting luxury condos to vacation and live in. Developers throughout the world have recognized the real estate needs of those in Orlando . There are currently several new condo projects rising in the downtown area of Orlando . It is more than tourists who are finding that this city is magical. The Orland music scene has helped find many top notch performers. And yes these same performers are buying condos and real estate in central Florida ! If you are considering buying a condo in Orlando, talk with the Realtors, professionals who can help you find the perfect Condo, and help you lease it as a vacation rental property.Every Orlando condominium is unique unto itself, each seemingly with its own personality.
Source : http://orlando.condocompany.com/
Nov 17, 2007
Condo Conversion Craze Continues in Orlando
As the condo converstion pace remains frantic, will potential house seekers have trouble finding an affordable Florida home loan? So far, the city has proven to remain far above the problems facing other sectors of the state.
There’s no real estate bubble here, not as developers Tim Exner and Eric Tuscan are adding to the downtown condo conversion frenzy with a newly announced project at 706 E. Pine St. The duo, who recently finished the conversions and closings of Uptown Place and Park North at Cheney Place, will begin renovating the modern building this month.
The news comes on the heels of a Florida Association of Realtors first-quarter report that shows Orlando condo sales continue to do much better than the statewide average.
In the first three months of 2006, Orlando reported 1,501 existing condo sales, up 118 percent from 2005. Condo sales statewide, meanwhile, decreased 22 percent from a year ago.
Prices for the studio condos will start at $175,000. All units will feature hardwood floors, granite and stainless steel countertops. They will also include new appliances and plumbing fixtures. The Closing Agent Inc., an Orlando-based title insurance agent, has been selected as the title agency and will handle future condo closings.
Other cities in the state are scaling back on condo developments as the Florida real estate bubble is settled. Not Orlando. Its market remains strong.
Source : http://www.floridahomeloan.com/
There’s no real estate bubble here, not as developers Tim Exner and Eric Tuscan are adding to the downtown condo conversion frenzy with a newly announced project at 706 E. Pine St. The duo, who recently finished the conversions and closings of Uptown Place and Park North at Cheney Place, will begin renovating the modern building this month.
The news comes on the heels of a Florida Association of Realtors first-quarter report that shows Orlando condo sales continue to do much better than the statewide average.
In the first three months of 2006, Orlando reported 1,501 existing condo sales, up 118 percent from 2005. Condo sales statewide, meanwhile, decreased 22 percent from a year ago.
Prices for the studio condos will start at $175,000. All units will feature hardwood floors, granite and stainless steel countertops. They will also include new appliances and plumbing fixtures. The Closing Agent Inc., an Orlando-based title insurance agent, has been selected as the title agency and will handle future condo closings.
Other cities in the state are scaling back on condo developments as the Florida real estate bubble is settled. Not Orlando. Its market remains strong.
Source : http://www.floridahomeloan.com/
Tourism News from Orlando Florida
Orlando Publishes New Guide to Area's Nature, Culture and Heritage Offerings
The Orlando CVB has recently published its 2006 "Unexpected Orlando Guide®." The 24-page guide highlights natural, cultural and heritage tourism offerings throughout the Orlando area. It includes 103 listings of Orlando's hidden treasures as well as an Orlando area map and maps of downtown Orlando and downtown Winter Park. Consumers can request a guide by calling 1-800-867-1496 (United States and Canada) or can download it at orlandoinfo.com/unexpectedorlando.
Orlando Condo-Hotels on the Rise
Orlando is home to more than 113,000 hotel rooms, 26,000 vacation home rentals and 16,000 vacation ownership units. Condo-hotels are the newest accommodation option on the rise, and Orlando is targeted as the site for more than 20 luxury properties including: The Blue Rose, Floridays Resort Orlando, Palazzo del Lago by InterContinental, Sage Resort and The Village of Imagine. The announced condo-hotel properties will open by 2009 and include features ranging from spas and upscale restaurants to meeting space and cinematic and Broadway-style theatres. The projects will add a total of 17,500 rooms to Orlando's accommodation options. For more information on each property, see the Weekly What's New listing on orlandoinfo.com/media.
Orlando Summer Gas Deals for Visitors
The increase in gas prices has received nationwide attention. Research has shown that gas prices won't curtail travel, but will change travel habits, and the Orlando community has responded by offering special gas deals for visitors traveling this summer such as complimentary gas cards and
Orlando Attractions Update:
SeaWorld Orlando opened a new Shamu show in May called "Believe," which combines a "killer whale ballet" of grace and agility with an original music score. The park also unveiled three new additions to Shamu's Happy Harbor play area including a family friendly roller coaster, a jellyfish-themed samba tower ride and a beach bucket-themed tea cup ride.
Universal Orlando opens the High in the Sky Seuss Trolley Train Ride June 22 at Islands of Adventure. The ride will immerse guests in the world of Dr. Seuss and his famous stories as it transports them throughout Seuss Landing. The park will also open a high-tech nightly lagoon show called Universal 360: A Cinesphere Spectacular in July at Universal Studios. The show relies on 360-degree "cinespheres," an original music score, 300 outdoor speakers, lasers and pyrotechnic effects to place guests in the midst of their favorite films.
Walt Disney World Resort
Expedition EVEREST opened at Disney's Animal Kingdom in April. The ride lets guests discover the fearsome lore of the yeti aboard out-of-control railcars that race forward and backward, sending adventurers swooping into the unknown to brave twists, turns and drops inside and outside a mighty mountain. The Bibbidi, Bobbidi Boutique opened at Downtown Disney. The shop gives little girls the opportunity to get a full princess treatment—including hair, makeup, nails, princess costume and a photo. The Walt Disney World Resort also plans to add two new attractions, both with a "Finding Nemo" theme. Coming in late 2006 will be a live 30-minute musical show at Disney's Animal Kingdom called Finding Nemo—The Musical. Epcot opens The Seas with Nemo & Friends, a whimsical and visually stunning attraction that has the stars of "Finding Nemo" swimming amid the live marine life of the huge aquarium in The Living Seas pavilion.
Featured Activities:
Orlando Opera Announces 2006-2007 Season
The Orlando Opera announced the musical lineup for its 49th season to be held at the Bob Carr Performing Arts Center in downtown Orlando. Performances for the 2006-2007 season include: "Samson & Dalila," Nov. 17, 19 and 21, 2006; "The Pirates of Penzance," Feb. 16, 18 and 20, 2007 and "Madama Butterfly" March 23, 25 and 27, 2007. For more information, visit orlandoopera.org.
What's New in Orlando
From exhilarating attractions and gourmet restaurants to fashion-savvy boutiques and unexpected cultural venues, Central Florida is always introducing something new to entertain and amaze visitors.
Did You Know?
• More than 2,000 couples get married every year at Walt Disney World Resort.
• SheiKra at Busch Gardens Tampa Bay now takes the crown as Florida's tallest roller coaster. This thrill machine is also the tallest dive coaster in the world and the first of its kind to incorporate an Immelmann loop (a rolling maneuver); a second, 138-foot (42-meter) dive into an underground tunnel and a water-feature finale.
Source : http://travelvideo.tv/
The Orlando CVB has recently published its 2006 "Unexpected Orlando Guide®." The 24-page guide highlights natural, cultural and heritage tourism offerings throughout the Orlando area. It includes 103 listings of Orlando's hidden treasures as well as an Orlando area map and maps of downtown Orlando and downtown Winter Park. Consumers can request a guide by calling 1-800-867-1496 (United States and Canada) or can download it at orlandoinfo.com/unexpectedorlando.
Orlando Condo-Hotels on the Rise
Orlando is home to more than 113,000 hotel rooms, 26,000 vacation home rentals and 16,000 vacation ownership units. Condo-hotels are the newest accommodation option on the rise, and Orlando is targeted as the site for more than 20 luxury properties including: The Blue Rose, Floridays Resort Orlando, Palazzo del Lago by InterContinental, Sage Resort and The Village of Imagine. The announced condo-hotel properties will open by 2009 and include features ranging from spas and upscale restaurants to meeting space and cinematic and Broadway-style theatres. The projects will add a total of 17,500 rooms to Orlando's accommodation options. For more information on each property, see the Weekly What's New listing on orlandoinfo.com/media.
Orlando Summer Gas Deals for Visitors
The increase in gas prices has received nationwide attention. Research has shown that gas prices won't curtail travel, but will change travel habits, and the Orlando community has responded by offering special gas deals for visitors traveling this summer such as complimentary gas cards and
Orlando Attractions Update:
SeaWorld Orlando opened a new Shamu show in May called "Believe," which combines a "killer whale ballet" of grace and agility with an original music score. The park also unveiled three new additions to Shamu's Happy Harbor play area including a family friendly roller coaster, a jellyfish-themed samba tower ride and a beach bucket-themed tea cup ride.
Universal Orlando opens the High in the Sky Seuss Trolley Train Ride June 22 at Islands of Adventure. The ride will immerse guests in the world of Dr. Seuss and his famous stories as it transports them throughout Seuss Landing. The park will also open a high-tech nightly lagoon show called Universal 360: A Cinesphere Spectacular in July at Universal Studios. The show relies on 360-degree "cinespheres," an original music score, 300 outdoor speakers, lasers and pyrotechnic effects to place guests in the midst of their favorite films.
Walt Disney World Resort
Expedition EVEREST opened at Disney's Animal Kingdom in April. The ride lets guests discover the fearsome lore of the yeti aboard out-of-control railcars that race forward and backward, sending adventurers swooping into the unknown to brave twists, turns and drops inside and outside a mighty mountain. The Bibbidi, Bobbidi Boutique opened at Downtown Disney. The shop gives little girls the opportunity to get a full princess treatment—including hair, makeup, nails, princess costume and a photo. The Walt Disney World Resort also plans to add two new attractions, both with a "Finding Nemo" theme. Coming in late 2006 will be a live 30-minute musical show at Disney's Animal Kingdom called Finding Nemo—The Musical. Epcot opens The Seas with Nemo & Friends, a whimsical and visually stunning attraction that has the stars of "Finding Nemo" swimming amid the live marine life of the huge aquarium in The Living Seas pavilion.
Featured Activities:
Orlando Opera Announces 2006-2007 Season
The Orlando Opera announced the musical lineup for its 49th season to be held at the Bob Carr Performing Arts Center in downtown Orlando. Performances for the 2006-2007 season include: "Samson & Dalila," Nov. 17, 19 and 21, 2006; "The Pirates of Penzance," Feb. 16, 18 and 20, 2007 and "Madama Butterfly" March 23, 25 and 27, 2007. For more information, visit orlandoopera.org.
What's New in Orlando
From exhilarating attractions and gourmet restaurants to fashion-savvy boutiques and unexpected cultural venues, Central Florida is always introducing something new to entertain and amaze visitors.
Did You Know?
• More than 2,000 couples get married every year at Walt Disney World Resort.
• SheiKra at Busch Gardens Tampa Bay now takes the crown as Florida's tallest roller coaster. This thrill machine is also the tallest dive coaster in the world and the first of its kind to incorporate an Immelmann loop (a rolling maneuver); a second, 138-foot (42-meter) dive into an underground tunnel and a water-feature finale.
Source : http://travelvideo.tv/
Orlando: Magic Sellers' Kingdom
Orlando, the home of Disney World, Universal Studios, Sea World and numerous other family-style attractions, is as delightful a place to live as to visit, as a rising sellers' market attests. Located in central Florida, just one hour from the coast and boasting excellent air service, Orlando is also a popular relocation and retirement destination.
Not surprisingly, tourism is the leading industry. While knocked back by continuing terrorist threats after September 11th (Disney World was reported to be a target for trouble), Florida residents and businesses are looking to the future.
In addition to mild weather and plenty to do, Orlando also boasts a wide range of housing, which is coming out of a temporary slump.
"From trendy downtown Thornton Park (with it's refurbished old homes looking like something out of Thomas Kincade's studio), to big waterfront mansions sitting right next to I-4, to starter homes funded by the City, it's all right here," says Realtor Wallace M. Wilson.
"The city itself covers quite a bit of territory," explains Wilson. "Start in the southern end at the junction of Hwy 436 and Airport Blvd (which, by the way, enters the absolutely best and most modern airport in the United States) and run 10 miles east to the University of Central Florida and it's rapidly growing Research Park. Then go North towards Maitland up the I-4 corridor where it seems like every office for every business in the world is located, and then another 10 miles to the Southwest to Windermere -- home to movie stars, world famous athletes, and lottery winners that couldn't take the Northern weather anymore."
April, 2002 closed sales for the Metro Orlando area are up 5.57% over the same month of the previous year, with the average list price in the Metro Orlando area at $167,071 and the average sale price at $161,898, offers Realtor Jean White. "The average home was on the market for 57 days and sold for 96.9% of list price."
Says Realtor Luis J. Garcia, "The Central Florida market is continuing to be very active, primarily helped by the low interest rates of the moment.
"First-time buyers are among the most active as well as the relocation market. In some areas it has been noticed that buyers looking for a second home have slowed down. At the same time some investors have been interested in selling some of their property due to the economy, and this will bring the stock of listings up a bit. There are still enough buyers to continue to make the area a seller's market," he says.
Source : http://www.newhomesource.com/
Not surprisingly, tourism is the leading industry. While knocked back by continuing terrorist threats after September 11th (Disney World was reported to be a target for trouble), Florida residents and businesses are looking to the future.
In addition to mild weather and plenty to do, Orlando also boasts a wide range of housing, which is coming out of a temporary slump.
"From trendy downtown Thornton Park (with it's refurbished old homes looking like something out of Thomas Kincade's studio), to big waterfront mansions sitting right next to I-4, to starter homes funded by the City, it's all right here," says Realtor Wallace M. Wilson.
"The city itself covers quite a bit of territory," explains Wilson. "Start in the southern end at the junction of Hwy 436 and Airport Blvd (which, by the way, enters the absolutely best and most modern airport in the United States) and run 10 miles east to the University of Central Florida and it's rapidly growing Research Park. Then go North towards Maitland up the I-4 corridor where it seems like every office for every business in the world is located, and then another 10 miles to the Southwest to Windermere -- home to movie stars, world famous athletes, and lottery winners that couldn't take the Northern weather anymore."
April, 2002 closed sales for the Metro Orlando area are up 5.57% over the same month of the previous year, with the average list price in the Metro Orlando area at $167,071 and the average sale price at $161,898, offers Realtor Jean White. "The average home was on the market for 57 days and sold for 96.9% of list price."
Says Realtor Luis J. Garcia, "The Central Florida market is continuing to be very active, primarily helped by the low interest rates of the moment.
"First-time buyers are among the most active as well as the relocation market. In some areas it has been noticed that buyers looking for a second home have slowed down. At the same time some investors have been interested in selling some of their property due to the economy, and this will bring the stock of listings up a bit. There are still enough buyers to continue to make the area a seller's market," he says.
Source : http://www.newhomesource.com/
Nov 16, 2007
Orlando : City at a Glance
The city of Orlando is the county seat of Orange County, Florida. As of the 2000 census, the city population was 185,951 (metropolitan area 1,644,561). A 2005 U.S. Census Estimates population count gave the city population was 213,233 (metropolitan area over 1.8 million). It is the sixth-largest city in Florida, and its largest inland city. It is also at the head of the state's third-largest metropolitan area, behind Miami-Fort Lauderdale-West Palm Beach and Tampa-St. Petersburg-Clearwater. Additionally, Orlando is home to the second largest university in Florida, the University of Central Florida.
The city is well known for the tourist attractions in the area, particularly the nearby Walt Disney World Resort, which is in the Reedy Creek Improvement District. Other area attractions include SeaWorld and Universal Orlando Resort. Despite being far from the main tourist attractions, downtown Orlando has recently seen much redevelopment, with many more projects currently under construction or planned. One of the oldest attractions in this area is Gatorland. Orlando sees an estimated 52 million tourists a year. Orlando is the 2nd largest city in the country for number of hotel rooms. It is a leader in medical care and research, especially at Orlando Regional Medical Center, the only statutory teaching hospital in Central Florida.
Source : http://www.preconstructionprograms.com/
Orlando Florida (FL) Condo Rentals
Orlando Florida (FL) condo rentals by owner are private vacation rental homes, villas, condos, apartments, chalets, cabins, and lodgings all available to you at a tremendous value.Orlando is located in the middle of Florida and is easy to get to via its own international airport. This large city serves as a gateway to some of the most popular destinations in the world such as Walt Disney World, the Kennedy Space Center, Sea World and Universal Studios. However, there is much more to do in Orlando than visit these hot spots. Every Sunday you can go to downtown Orlando and enjoy the Eola Sunday Market. Here you will find dozens of vendors selling everything from fresh produce to hand made woodcarvings. There are a good handful of museums to visit while you are here as well including the Orlando Museum of Art. One thing many people associate with Orlando is its nightlife. There are a wide variety of dinner theaters in the area that will provide you with wonderful entertainment and food. Historic and other tours are also available in the downtown area. Around town you will find some wonderful golf courses and tennis facilities as well as excellent shopping and dining. In short, Orlando has everything you need to enjoy a great vacation.
Source : http://www.valuevacationrentals.com/
Source : http://www.valuevacationrentals.com/
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