orlando: Top 6 Reasons to Stay away from New Construction Right Now! - 08/28/07 02:29 PM
 
#1 Prices are falling and Builders don't like refunding deposits!  Putting a deposit down on a home that is scheduled to be completed 6 months or even 3 months from now can be sticky.  With prices falling, appraisals are getting harder to come by.  Builders don't like dropping their contract prices because it makes them less profit and it also puts them into a sticky situation with people that have already purchased at the higher level. If a buyer has a substantial amount of money down, the builder can actually force the buyer to close or forfeit their deposit.
#2 Builders and … (22 comments)

orlando: Is now the right time to Buy? - 08/23/07 11:12 PM
Thursday, August 23, 2007
The proverbial question: When is the right time to purchase a home? 
If you're in a hurry and don't have the time to keep reading, the answer is YES!
 In 1999 the median home price in the Orlando area hovered around $105,000**. As of July 2007, (after already losing substantial value in price) the median home price still stands at around $250,000. Over an eight year period the average homeowner realized a 138% profit or 17% per year. I know a lot of investors who would love to make that in stocks and securities.
But let's backup for a moment. … (10 comments)

 

Kory Benken

REALTOR, G.R.I.

Lake Mary, FL

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Keller Williams Realty

Address: 100 Waymont ct, suite #110, Lake Mary, FL , 32746

Office: (407) 702-1491

Mobile: (407) 948-5711

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