Orlando Real Estate

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$169,900.00
2809 Riddle Dr

Winter Park, FL 32789



Beds: 3 Rooms: 0
Full Baths: 2 Sq. Ft.: 1569
Garage: 0 Built: 1959
 

This is a new listing that
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please feel free to call.

David W. Welch
RE/MAX 200 Realty
4076296330
www.davidwelch.com



 
  Visit this listing here

Posted by David W. Welch on December 19th, 2014 7:26 PMLeave a Comment

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December 18th, 2014 12:39 PM

There are 12,378 homes for sale listed by Orlando Realtors® and 6,493 homes listed as contract pending. Of the homes still available for sale, 2,218 are foreclosures and 921 are short sales. Of the homes with contracts pending, 1,780 are foreclosures and 2,139 are short sales.

Way too early Orlando real estate sales statistics for December: 1,493 closed sales with a median sales price of $162,000. Sales and prices continue to outpace last year, but just barely.

David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on December 18th, 2014 12:39 PMLeave a Comment

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Posted by David W. Welch on December 15th, 2014 12:27 PMLeave a Comment

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December 8th, 2014 3:37 PM

I am not sure if we are experiencing the holiday drop in inventory, or if there is actually a trend. There are 12,417 homes listed as active by Orlando Realtors®. Of those, 2,190 or 17.6% are REO, only 956 or 7.7% are short sales, and 9,271 or 74.7% are equity sales. Hopefully, we will continue to see the short sales decline with prices so much higher now. There are 6,686 homes currently listed as contract pending. Of the homes that already have accepted contracts, 1,782 or 26.7% are REO, 2,171 or 32.5% are short sales and 2,722 or 40.9% are equity sales.

Sales came in higher than last year for the third month in a row, so I am definitely calling that a trend. There were 2,453 closed sales in November with a  median sales price of $159,139. Of the closed sales, only 796 or 32.5% were REO properties with a median price of $105,000; 152  or 6.2% were short sales with a median price of $125,000; and 1,505 or 61.4% were equity sales with a median price of $192,000. The closed short sales represented on 7.0% of the short sales with contracts as banks continue to drag their feet on clearing these properties out of the system. Cash sales remain strong with 1,056 or 43% of the sales closing with no financing with a median price of $103,000. The remaining 1,397 or 57% of the sales were closed with some type of financing at a median price of $190,000.


Posted by David W. Welch on December 8th, 2014 3:37 PMLeave a Comment

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November 20th, 2014 11:41 AM

There are 12,861 homes for sale listed by Orlando Realtors® and 7,183 homes listed as contract pending. Of the homes still available for sale, 2,254 are foreclosures and 1,022 are short sales. Of the homes with contracts pending, 1,826 are foreclosures and 2,325 are short sales.

Way too early Orlando real estate sales statistics for November: 1,337 closed sales with a median sales price of $160,000. If the sales pace and price hold they will mark impressive increases from a year ago when we posted 2,158 sales at $150,000.

David Welch Real Estate Optimist, Orlando Real Estate,


Posted by David W. Welch on November 20th, 2014 11:41 AMLeave a Comment

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November 17th, 2014 11:38 AM
The newest attraction coming to Orlando's I-Drive entertainment area.

Warning! Not for the faint of heart.

Posted in:Orlando and tagged: Orlando Florida
Posted by David W. Welch on November 17th, 2014 11:38 AMLeave a Comment

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November 12th, 2014 12:48 PM

There are 12,892 homes for sale listed by Orlando Realtors® and 7,187 homes listed as contract pending. Of the homes still available for sale, 2,299 are foreclosures and 1,006 are short sales. Of the homes with contracts pending, 1,771 are foreclosures and 2,402 are short sales.

Way too early Orlando real estate sales statistics for November: 606 closed sales with a median sales price of $163,000. Sales are rolling on, and the median price appears to have rebounded from last month's drop.

David Welch Real Estate Optimist, Orlando Real Estate,


Posted by David W. Welch on November 12th, 2014 12:48 PMLeave a Comment

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I came across this article on Twitter (@RealtyOptimist) this morning. I really like #3. I think it is the most critical to having an effective relationship with your agent.
 

Posted by David W. Welch on November 12th, 2014 7:37 AMLeave a Comment

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November 8th, 2014 10:38 AM
Last week I filled in for Hazel Hissam. I am on her team working on REO properties in addition to my regular real estate practice. There seem to be a lot of folks (buyers and agents) out there who are unfamiliar with REO sales, so here are a few things you need to know.

The first important thing you need to understand is that REO sellers are a bit different than traditional sellers. They are dealing with thousands of properties across the country. They do intend to sell their inventory, but they really do not care if it is the property you are trying to buy or one of the hundreds of others they are negotiating on at any given time. So, when you start to think "don't they want to sell this property", the answer is yes, but that does not mean they are going to give you what you want. The longer it is on the market, the more negotiable you may find them to be, but if you play the waiting game you may miss out on the property too.

The second important thing you need to understand about REO sales is that each lender, Fannie Mae and Freddie Mac has their own process. You are not going to go around that process, and there are no short cuts to that process. These processes do not need to make sense to you, because they won't. You don't even need to fully understand the process. You do need to understand that when they give you a time frame, you need to meet it. If you do not meet their time frame, they will cancel your offer, and you will go back to square one. Pay attention to the instructions you are given, and follow those instructions. If they say wire the deposit - wire the deposit.

Finally, in Florida if you are purchasing an REO, it will come with a title insurance policy and a marketable title. Liens, home owners association (HOA) fees, taxes, etc., will be settled by the seller at closing. Do not write in extra verbiage on the contract or the sellers addendum stating "seller to provide clear title" or some other language about this. The seller will not sign "written in" terms or addenda with additional terms. I am not a lawyer, your agent is probably not a lawyer either, so if you have concerns about this speak to a real estate lawyer in your state to see how this works where you live. You should do this before signing a contract. You can also have a real estate attorney review the title evidence prior to closing.

Auction - The rules are different for auction properties. Most auctions I am aware of here in The Sunshine State only provide a quit claim deed, and do not warrant anything about the property. You should have your own title search and lien searches performed, before bidding on an auction property. Also, you will likely pay an "auction premium" of 5% of the sales price on top of your offer.

Posted by David W. Welch on November 8th, 2014 10:38 AMLeave a Comment

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November 8th, 2014 10:01 AM

There are 12,912 homes for sale listed by Orlando Realtors® and 7,136 homes listed as contract pending. Of the homes still available for sale, 2,315 are foreclosures and 1,013 are short sales. Of the homes with contracts pending, 1,769 are foreclosures and 2,401 are short sales.

Early Orlando real estate sales statistics for October: 3,242 closed sales with a median sales price of $155,000. Really strong sales, but a pretty steep drop in prices from September, and about even compared to a year ago.

David Welch Real Estate Optimist, Orlando Real Estate,


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