Advice and News

2017 Report of International Home Buyers in Florida

Bryan Rogers 13/11/2017

According to the National Association of Realtors® newly released 2017 Profile of International Real Estate Activity in Florida, the state saw a $4.8 billion increase in foreign purchases from 2016.

2017 highlights of foreign transactions

  • Florida remained the #1 destination for foreign purchases at 22%
  • 21% of residential dollar volume in Florida were foreign transactions
  • 61k properties in Florida were were bought by foreigners, up from 47k in 2016
  • Latin America and the Caribbean were the largest portion at 34%, Canada was 22% with Europe holding steady at 23% and Asian buyers at 10%
  • All-cash purchase made up 72% of all foreign purchases
  • 75% percent of foreign buyers intend to use their new property as a vacation home, rental or both.

 

 

Home prices least likely to fall in Orlando

Bryan Rogers 02/11/2017

North Carolina based Arch mortgage Insurance Company finds that Orlando home values have only a 2% chance to fall in the next two years. Arch MI’s report says that Orlando is one America’s hottest 10 property markets with the home price index growing 12.5% in the past year.

In addition for the next year, because of tourism, residential and public construction Florida is expected to remain the best economic performer in the south.

Read the full Arch MI report here.

 

Orlando #5 in U.S. for fastest property value appreciation last 12 months

Bryan Rogers 02/11/2017

The Zillow Home Value Index shows that nationwide U.S. home values increased at an average just under 7% from September 2016 thru September 2017.

The Index also showed that Orlando was 5th best at 8.9% of the nations 35 largest metro areas.

Even with rising prices, low mortgage rates are helping to keep homes affordable and in demand according to Zillow.

$25,000 cash back on villas at Solara Resort

Bryan Rogers 01/11/2017

For a limited time at Solara Resort in Kissimmee receive $25,000 cash back on the purchase of any new build villa or $15,000 cash back on new build townhomes

*From November 1st thru December 31st 2017 NewBuildFlorida.com is offering $10,000 cashback for villas and $5,000 cashback for townhomes when properties are under contract by the end of 2017. This will be applied to the builders current incentives of $15,000 and $10,000 respectively.

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Storey Lake 6 bed show home for sale

Bryan Rogers 22/08/2017

Limited time offer!!!

This fabulous 6 bed vacation home is the builder’s model show home which means it has been decorated for the wow factor ($80,000 furnishings value).  The decor may not be your taste for somewhere to live but this is what attracts those vacation renters, which is what it’s all about.

In addition, this home has a waterfront view and is only 2 homes from the resort amenities including the lazy river, mini-golf, kayak launch and much more! Storey Lake Resort is located less than 3 miles from Disney and the Premium Outlet Mall in Lake Buena Vista.

6 Bed show home location

The builder is asking $489,990 but we just sold the 5 bedroom show home next door for $10,000 below asking price.  They are also asking for an additional $50,000 for the furniture package but we were able to negotiate it down to $35,000 and get our buyers an additional $10,000 towards closing costs.

Actual images below. The only furnishings left are some televisions, linens and dishware to make it ready for rentals, so we will provide $5,000 at closing to cover this expense.

 

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Orlando ranked 3rd best place in US to invest in property for 2017 by Forbes

Bryan Rogers 24/06/2017

Forbes Magazine one of America’s most trusted investment media outlets ranked the top 20 U.S. cities for real estate investment in 2017. 3 other Florida cities also cracked the top 10. (Forbes).

New villa floor plans at Storey Lake

Bryan Rogers 16/06/2017

Storey lake Resort by Lennar Homes has announced they are building 2 new floor plans at one of the hottest new vacation home resort communities in the Orlando area.

Contemporary Style Single Family homes for sale, starting this Saturday (June 17th, 2017)!!!

These homes are similar to the Maui (8 bedroom) and Fiji (6 bedroom) at ChampionsGate except they have a more modern feel and come complete with recreation rooms instead of garages.  They will also include Private Pools with Jacuzzi’s.   In addition, most of the sites are lakefront.  Lot Premiums are in final approval and projected to range from $5,000 to $30,000.

Sitemap for new larger vacation home floor plans at Storey Lake Resort

Larger vacation home sitemap

Florida Scorecard

admin 10/06/2017

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Thanks to the Florida Chamber of Commerce for this interactive Florida Scorecard! Check out the health of the Sunshine State.

Florida Scorecard

Data created by subtracting previous year’s monthly level of employment in this county from the current month. Data is not seasonally adjusted.
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Visit Orlando: New record of 68 million visitors in 2016

admin 20/05/2017

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Reason #68 million why to buy that vacation home in Orlando now…

Visit Orlando: New record of 68 million visitors in 2016

Despite lower hotel occupancy and lackluster attendance figures from theme parks, Visit Orlando said Wednesday the region marked a new record in 2016, with 68 million visitors.
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