Central Florida Real Estate 360 – Keeping You In The Know

The Central Florida real estate market is still going strong!  Sales are up nearly 102% over last November 2008.  According to the Orlando Regional Realtor Association (ORRA), the monthly supply of housing inventory reflects a 7.15 month supply where a 6 month supply indicates equal balance between buyers and sellers.  Add this news to the government extending and expanding the Tax Credit for 1st Time Home Buyers and current owners who lived in their homes 5 consecutive years out of the past 8 years and the real estate market should expect additional good news through early part of 2010.  Current home owners who qualify for the tax credit should also be able to take advantage of tax portability whether upsizing or downsizing (Please visit your counties tax appraisers website for more info).  Click Here to read the full media release by ORRA.  Click Here to read ORRA Talking Points.

Short Sale.  Very well maintained 4/3 home on ½ acre.  Home features separate formal dining room, living room and kitchen/family room combo, split floor plan with 12×19 bonus room upstairs.  Enjoy sitting out on nearly 370 sqft screened lanai/porch.  Private setting with no neighbors to the rear or front of home.  Subdivision offers playground and tennis courts.  Live just minutes from fine dining, shopping and entertainment with nearby Seminole Town Center mall, walking/bike trails, soccer facilities and one of the finest parks in Seminole County, Sylvan Lake Park.  Easy access to all of Central Florida with nearby I-4 & the 417.  Listing price may not be sufficient to cover all encumbrances, closing costs, or other seller charges and sale of property at full listing price may be conditioned upon approval of third parties.  Click Here for more information!