Orlando Real Estate Expert Wael Georgey, Orlando homes for sale, Orlando Homes for Rent, Orlando Homes, Homes in Orlando, Orlando Realtor, home buying in Orlando, home selling in Orlando– Towne Center Realty

7/1/2009 1:09 PM

Days on the market is the number of days that a property is on the market before its under contact or called "pending" in the Multiple Listing Service. Here are how fast properties are moving in Orlando.

Bank Owned Properties are on the market for an average of 59 days

Distressed Properties, such as shor...Read More

What makes a property a “Good Buy”?

7/1/2009 11:56 AM

It all depends…on many things. Mostly on what you think your home should have and what is most important to you. To some buyers, the purchase price may not even be a factor on a “good buy”; to others privacy is everything.

Buyers all have a “hot button”…something that will make them pick one home over another. What that is, varies fro...Read More

Cities Get First Crack at Bank Foreclosures

6/30/2009 8:38 AM

In an effort to improve cities and communities that have been hardest hit with foreclosures that is part of HUD Housing Stabilization Program. Bank of America will give cities first shot at purchasing their bank foreclosures before the go into the multiple listing service. These will be no haggle bottom line pricing.

Maximize Marketing of Your Short Rental

6/29/2009 5:36 PM

There are many owners that own a short term rental property in the Disney area, which are rented to people on vacation or holiday. When an owner selects a property management company they forget to find out if the property manager will market the property. If your rental is not marketed well it could result in low number of bookings.

Her...Read More

Are homebuyers really pulling the strings?

6/29/2009 5:20 PM

Depends on what price range you are thinking about…. If it is $300,000 and up, than yes, the buyer probably still has the upper hand.

If it is $300,000 and less, then the seller has the prize possession that the buyers all want. The majority of homes in this price range are short sales and if there is a property for sale that the buye...Read More

Another Blow to the Real Estate Market

6/29/2009 11:56 AM

Now a new challenge has emerged to slow down real estate again, this new law appraisal law for Fannie Mae and Freddie Mac backed properties. This law no longer allows a lender or mortgage broker to order an appraisal from the company of there choice. They have to go through Appraisal Management Companies with no choice in the appraisal company. Man...Read More

3.5% Down Gets You into New Downtown Orlando Condo

6/25/2009 1:11 PM

6/24/2009 2:13 PM

State Housing Initiative Partnership Program (SHIP) is a downpayment assistance program that provide buyers money toward their home purchase. Orange County was suppose to be paid $6 million from the State of Florida, but the State used it to balance the budget. Therefore, in order to keep the program going for the next fiscal year, the program bene...Read More

Orlando Condo Sales up 206%

6/24/2009 11:50 AM

Orlando Condos sales sky rocketed in May with an increase 206% which was the biggest gain in the state. Many condos priced are 50-75% discounted from 2-3 years ago. There are condos in all prices ranges in all areas. There are condos as little as $50K for 2 bedroom in good metro Orlando areas, but they do not come without strings attached.
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USDA Financing in Central Florida

6/22/2009 1:47 PM

A buyer recently asked what areas of Central Florida would qualify for USDA Financing? So I asked a mortgage broker, Julie Brosseau. USDA Financing is available in "rural areas", so most areas in Metro Orlando will not qualify. Only select areas in Seminole County would be Chulota, parts of Geneva. In Orange County would be northern Apopka. For inf...Read More