Orlando Real Estate Blog

Nothing beats new…and builders want to sell sell sell.  They are currently under some stiff competition from bank owned properties and have been forced to drop pricing. The community that I have found, that I can say, is the best value that I know of is called “Southern Fields” and the builder is KB Homes.  They build big homes at a low price…now you can push the price way up with upgrades…but don’t do that, that is what time and Home Depot are for.

This is amazing…one home is a 5 bed 2.5 bath for only $203,900…that is only $59.00 psf.  Be a real ”playa” and throw another $20k in for a 3 car garage and a patio in the back…even then you are only looking at $65 psf.  And the location is great…in Clermont, Florida just off of 27 and only a mile and a half south of Hwy 50.  It is also surrounded by other more expensive homes which is always a good thing.  This area is also still seeing solid sales… all things considered.  This is an excellent area just outside of Orlando and is a major growth area of Central Florida.  Plenty of new retail development has also taken place over the last couple of years just down the street from this site.

I would be more then happy so send you a full price list and site plan so feel free to call or email me for further details.

Calling all builders or individuals looking to buy right.  We have 13 finished lots available in the beautiful community of ”The Lakes” in Lake Alfred, Fl.  This community is just outside Orlando and is close to I-4.  These lots are all around 55X120 in size and can accommodate a home over 3,000 sq ft. The developer of this community had over $60,000 into each lot and they can now be bought at @ 66% off..that is only $18,500.00 each!  Builders…buy one or two at a time…what an opportunity.  These are the last few lots left in this community and you will see some of the photos below that show the high level of construction already used in the community.

Just across the street from this community you will find the city’s own nature preserve on 112+ acres nestled along the north shores of Lake Rochelle. This is the former Mackay Estate residence and is available for weddings and other special events. The sprawling gardens will include scenic nature trails, an inviting playground, fishing pier and canoe launch area. Feel free to contact the park at 291-5270 for more information.

Feel free to contact me for more information at any time!  407-595-6306

We have been looking around for opportunities in the Windermere community of Summerport.  The location is great, the builder was good, and the amenities are just what you would want.  The problem is that most of the homes sold at the peak of the market in mid-2006.  This deal in particular was for a 4 bed 2 and 1/2 bath + bonus room, pool, a conservation view and 3,115 sq ft.  Sold in 2006 for $577,000…the bank agreed to our offer of $265,000 cash after a long waiting period.  During that time we have seen things further deteriorate in the community…the “RESET Button” has been pushed….and unfortunately the “Reset Button” is not the same thing as the “Easy Button”.  This is greater then a 50% reduction in value.  At one point you see a home that looks great and the two beside it have not been maintained at all and look horrible. 

How long will that one guy hold out? Who will bail him out?  At this moment you can buy homes for a lot less then they can be reproduced for, interest rates are low and your dream home is closer to your grasp than you thought possible. The only thing to keep in mind is that if you do buy today, it will take some time for the banks to sell all of the inventory they have coming online and that you will have to look at some sorry lawns for a year or so. The good news is that very little land around this community is available for development due to traffic and school concurrency issues so the competition for reselling these home in the future will be low…if you can imagine that. 

Today we have just contracted on a bank owned house with a cash deal for a 4/2 1960 sf on conservation in a gated community close to the Lake Nona area for $155,000.  This home sold in 2006 for $335,000!  No joke that is more than a 50% reduction.  We have several deal set up to close by the end of the month.  The banks want to get things off of the book prior to the end of the year and now is the time to make it happen.  Our deal is set to close on the 21st of this month…The iron is hot and it is now the time to strike….call or email me to get going.

I have been working with a savvy cash buyer and we just come across a great deal. It is for a house that sold for $153,000 on March 7th 2007….we can now buy it for $50,000!!!! That is a drop like few I have ever seen.  Now keep in mind this is in a rough section of town, needs a little work and was built in 1959; but to see such movement by the bank is amazing and welcomed.  This will allow a lot of inventory to burn off the market. 

It is a buyers market…even if you do not have cash.  Quite frankly since we are going in so low on a lot of these homes I would say 80% of the time we are getting beaten by a financing deal.  I have a great lender at Resource Mortgage named Eric Papalini that can get you set up to go after these bank owned properties…we just need to get your ducks in a row and make sure the bank has nothing to push you back on. 

I have been working with several small and large investors buying throughout the state.  I have some incredible values available for cash buyers that can close fast.  Some of the opportunities I have are smaller from under $200,000 in total investment dollars to as big a $1Billion.  One opportunity that I really like is a gated community that has 13 finished lots that I believe we can get for less the $30,000 per lot.  This is a well located community in Central Florida and a great fit for a smaller builder.  This property is bank owned and I need a confidentiality agreement executed by you to give you the details.  I also have some land bank opportunities that will allow you to buy finished lot at around $12,000 a piece and then sell back to builders on a take down schedule starting at close to $20,000 a piece with escalation.  I am now seeing great opportunity and a great willingness from sellers/banks to make deals.  Call me so I can get to know your needs and we will find you great values.