For Updated Pricing and additional informaiton concerning this lovely home listen to FREE recorded message at 1-866-437-0885, ext. 737 ...................................................................Come take a look at this lovely pool home located on the 14th green of the Magnolia Plantation Golf Club.  This home  has the floor plan which everyone has been asking for!  The three way split floor plan provides beautiful wood floors within all of the bedrooms as well as the office which is conveniently located away from the living areas. On those hot summer afternoons invite the neighbors over for a BBQ on the spacious pavered pool deck.  As the kids are doing cannon balls into the newly redone pool with plenty of rock features, start up the high end grill to cook up some mean steaks.  Before dinner is served, let your neighbors enjoy a cold one in the luxurious outdoor bar with granite counter tops, granite back splash, sink, grill and even an ice maker.   As the summer storms start to roll in open up the pocket doors and move the gathering underneath the large covered great room.  The magnificent kitchen will bring out the gourmet cook in you with granite counter tops, brand new high end stainless steel appliances, tiled back splash, a center island, and a large breakfast bar which opens up into the fabulous great room with tiled floors.    This home will not last long at this price so don’t hesitate to see this one of a kind home!

1. First of all, it's the best time to take advantage of the market and buy an investment property in Orlando.  Interest rates are still at historically levels, Orlando home prices have dropped dramatically, and there are over 15,000 homes to choose from in the Metro Orlando area.
2. Investment properties will be easy to rent.  Since over 5 million past home owners have either lost their homes to foreclosure or had to do a short sale to gracefully exit from home ownership, these people need homes in to live in.  And since they currently don't have the credit to purchase a home, their only option is to rent an Orlando home.  With this being said, the demand for Orlando rental properties will continue to increase which will allow the rental prices to increase as more renters enter the market.
3. If you have a five or even better ten year business plan on holding these properties, by the time you sell these Orlando investment properties the market value will be at a much higher level than they are now.
4. Here's an extra fourth reason for free.  If you are able to pay cash for these Orlando investment properties, you will be able to achieve a positive ROI immediately.

So if you have the cash to buy a distressed Orlando home, you will be able to find a renter for it and achieve a positive ROI immediately.  And when you decide to sell that Orlando investment property in five to ten years, the market value on that investment property will be much higher than what you bought it for today.  Sounds like a pretty good business decision to me!  How about you?

For help in finding these distressed Orlando investment properties before, give us a call at 1-888-568-6637.  We are your Orlando distressed sales specialist and we are able to find these properties before anyone else.

• Foreclosures will not peak until 2012.
• This year we will saw about 3.2 million home owners receive a foreclosure notice. This is a record and up from 2.8 million a year ago.
• Will also saw about 1.2 million bank reposessions this year.  This is also a record and up from 900,000 a year ago.
• There are currently 5 million seriously deliquent loans which are currently not in foreclosure (shadow inventory) and these homes will enter the pipeline over the next 18 months.
• In 2012 we will see continued levels of foreclosure activity although the numbers SHOULD get better as the year progresses.
• In 2013 we SHOULD get back to normal foreclosure activity on a monthly basis.  However there will still be an inventory of one million foreclosured homes which would still need to be absorbed into the market.

Based on these numbers depening we may not see a stabilization of prices until the middle or end of 2013.  They also both fel that the best way to improve these numbers is for more jobs to be created.

Something else I found interesting is that they thought the low end of the market (lower priced properties) may have already bottomed out, however the higher end of the market may still have some room to drop.  This makes sense because when you think about it, how low can a condo actually sell for?  You can't pay someone to start taking these properties.

They also mentioned that there will be a problem in the move up market.  Over the past couple of years 6 million potential buyers have been wiped out by either doing a short sale or a foreclosure on their homes.  Their credit has been shot and they won't be able to buy another home for the next 5 to 7 years. They mentioned that they think that the government may step in and give a mulligan for these past homeowners because if they don't where are the move up buyers going to come from?.  Time will tell!

In Orlando, we continue to see 65% to 70% of all homes being sold as distressed sales (Orlando bank owned homes or short sales).  Since a large majority of homes which are currently on the Orlando real estate market are distressed sales this trend will continue.

What we are starting to find is that some markets are started to "over-correct"!  This occurs when the pricing of homes actually falls below the "equilibrium home price" for a market.  The equilibrium home price takes into account local demographic information such as income, job growth, and housing affordability, to determine where prices should be sitting based on what the local market conditions can sustain.

But according to Local Market Monitor, a real estate forecasting and risk assessment firm, the 10 most undervalued housing markets in the United States and the percentage by which they are undervalued are:

1. Merced, California: 32%
2. Las Vegas-Paradise, Nevada: 27%
3. Killeen-Temple-Fort Hood, Texas: 25%
4. Akron, Ohio: 22%
5. Cleveland-Elyria-Mentor, Ohio: 21%
6. Warren-Troy-Farmington Hills, Michigan: 21%
7. Mansfield, Ohio: 20%
8. McAllen-Edinburg-Mission, Texas: 20%
9. Reno-Sparks, Nevada: 20%
10. Stockton, California: 19%

With all of the price declines we have had in our market, I'm personally suprised that Orlando was not on the top ten list.  In either case, it's a great time to take advantage of the market and buy a house!

The name of the game in a declining market is to sell your house before your neighbors do because if you don't, you will help them sell their house.  I'm not talking about giving your house away however I'm talking about pricing your house  well enough so that it shows value to the market place.  The worst thing you can do is to price your house too high and continue to follow the market down as it drops. 

I can go into MLS and pull down any neighborhood and clearly show you from the acctive listings which homes are following the market.  They all started at a price above market value and since then have continued to have multiple price drops with no success.  In order to get your house sold in today's real estate market in Orlando is to price it ahead of the market!  You will sell it faster and get more money from it than following the market and selling your house in six months for a lot less!

The key to getting your house priced appropriately is to speak with a full time professional REALTOR who is very knowledgable of the local market and has the expertise to get your home sold. 

San Jose, Calif., recorded the highest median price -- $628,700 -- during the quarter, just nosing out Honolulu at $628,100.  Youngstown, Ohio, the old steel town, had the lowest median sale price, at $60,400.  Condo prices fared worse than those of single-family houses. The national median fell 3.9% from 12 months earlier to $171,400.  Palm Bay, Fla., had the biggest year-over-year loss: down 32% to $73,000; Jacksonville. Fla., was off 31% to $63,200. Phoenix condo prices also plunged, down 26.6% to $73,300.  Condo prices in the New York metro area soared, up 34.5% to $400,000, the most, by far, of any city.

More broadly, the revelations about the sloppy paperwork are emboldening homeowners and law enforcement officials in many states to question whether lenders rightfully hold the notes underlying foreclosed properties — further chilling the housing market.  Distressed properties, many of which are in foreclosure, make up about a third of all home sales. “Foreclosures are going to slow to a crawl,” said Guy D. Cecala, publisher of the trade magazine Inside Mortgage Finance.  Of the 23 states where foreclosures need court approval, Florida has by far the most trouble — about a half-million cases clog its courts — and the moratoriums are having a noticeable effect.  Because most lenders sold their mortgages to Fannie Mae, it is largely that company that has been sending e-mails to real estate agents about putting off deals and removing houses from the market.

Foreclosures grew by 4% month-over-month.  Shadow inventory is inevitably growing and affecting the market already hit hard by high levels of distressed mortgages, such as Stockton, Calif. and Orlando, Fla., which have an excess supply of inventory already. According to John Burns' data, the two cities have a 27 shadow months supply of homes, 22,344 and 81,309 homes, respectively.  CoreLogic reported that national home prices in July remained steady, but existing home sales decreased 2.6% in August compared to July, according to the National Association of Realtors. New home sales dropped 12% over the same period.

Pending home sales fell another 2.6% in June from May after deteriorating 29.9% in May from April. According to Capital Economics, this will be reflected in existing home sales in the months to come. Existing home sales in June fell by 5.1%.  The housing market is currently experiencing an excess of inventory as Capital Economics reported an 11% homeowner and rental vacancy rate in the second quarter of 2010, a new record high. Capital Economics states, "relative to the rising trend of the last 30 years, that suggests around 0.6m [or 600,000] properties than normal are currently sitting empty."  Capital Economics also suggested that builders are adding to the excess supply, noting a 28% annualized jump in residential investment in Q210 alongside a 19% decline in housing starts from April to June (down 14.9% in May and 5% in June). All of these statistics in addition to macroeconomic conditions is what economists at Moody's believe are hindering economic recovery.  "We expect  real GDP to advance nearly 3% this year, monthly payroll employment gains to average close to 125,000, and the unemployment rate to end the year back over 10%," Moody's reported. "With the economy slowly recovering, we expect home sales and residential construction to end up slightly stronger this year than last year while house prices will depreciate a bit more."

As part of a new strategic alliance, New York City-based ClearMarkets, LLC, —a technology-based real estate and

loan disposition company—announced Tuesday that it is partnering with the Keller Williams Global Property Solutions Group —the auction and short sales division of Austin, Texas-based Keller Williams Realty.

Through this partnership, ClearMarkets will gain access to Keller Williams’ network of certified residential and commercial agents and brokers. In return, these agents will be trained by Keller Williams on ClearMarkets’ technology and expertise for transparent bid management, asset sales and marketing, as well as reporting.