In the first quarter of 2010 (January - March) there was a total of 1,210 sales in Seminole County Florida.  Of these,

23% were Short Sales (a short sale is when the seller owes more to the bank than what it’s worth and the bank lets them sell it anyway)

37% were REO which stands for Real Estate Owned (means the bank has already taken the home as a foreclosure and is now trying to sell it)

39% were “Regular” Sales, meaning neither a Short Sale or an REO

If you are thinking of buying or selling a home that potentially is a Short Sale or an REO, make sure your Realtor is experienced in these tricky transactions.

If you need more info on the possibility of selling YOUR home as a short sale, please visit http://www.BeforeYouShortSale.com

I like to report what’s going on in the Seminole County foreclosure market (which includes short sales and bank owned).  Whether you’re considering selling your home or you’re looking to buy a home (first homes AND investment properties) The knowledge our office has of the Seminole County market can help you meet YOUR goals!!!

In the first quarter of 2010, there have been 1,210 sales, of those, 282 were short sales (23%), 445 were bank owned (37%), and 483 were “regular” sales (39%).  Also, median home prices are broken down the same way: Median Home price in Orlando Area was $110,000, short sales were $115,000, bank owned was $74,000 and “regular” was $166,500.

Ready to see for yourself?  Here’s the link to see the 729 homes: Click Here

What’s Homeownership REALLY Worth in Central Florida

Homeowners have seen a decline in their homes value in the last few years. That’s a fact.  If you bought your home in 2004-2008, it’s probably worth less than you paid. However how is homeownership in the LONG RUN?

The National Association of Realtors has just released statistics that go back and show you how your net worth has been impacted by home prices if you had bought your house 5, 10, 15, and 20 years ago.  It’s kind of interesting!  Here’s the links:

Orlando Area Report

Link to see other area reports

If you’re in the market to purchase a home, whether it’s your first home or you’re adding an investment property… call me for a no-obligation appointment to see if we can work together! 407-260-8800

All of these properties could qualify for the $8,000 rebate for first time home buyers (haven’t owned a home in the last 3 years) or the $6,500 for “move-up” buyers.

Here’s a link to take a look… or drop me an email or call me… I’ll set up a custom search for you!

Here’s the link again: http://mfr.mlxchange.com/Pub/EmailView.asp?r=368941749&s=MFR&t=MFR

Any time I mention the TONS of low-priced property in Seminole County right now, people are shocked!  So here’s my latest update sharing some of the stats with you regularly on cheap Seminole County houses and condos.

So, as of today, there are 188 properties for sale in Seminole County under $50k, and there are actually 6 available for under $20,000!

Don’t want a cheap house?  There are 3,478 properties listed as houses for sale in Seminole County Florida as of today, and of them, 1,221 homes for sale in Seminole County are Bank Owned or pre-foreclosure or short sale anywhere from $8,500 to $2,500,000 !

If you are ready to buy a property in Seminole County, either to move into or as an investment, call me at 407-842-7700 right away, or email me at Andy@AndyTolbert.com

I am a real estate broker-associate that serves all of Seminole County, including Altamonte Springs Foreclosures, Sanford Foreclosures, Longwood Foreclosures, Lake Mary Foreclosures, Winter Springs Foreclosures, Winter Park Foreclosures, Oviedo Foreclosures, Casselberry Foreclosures, Apopka Foreclosures, and Maitland Foreclosures.

Any time I mention the TONS of low-priced property in Seminole County right now, people are shocked!  So I’ve decided to start sharing some of the stats with you regularly on cheap Seminole County houses and condos.

So, as of today, there are 178 properties for sale in Seminole County under $50k, and there are actually 6 available for under $20,000!

If you are ready to buy a property in Seminole County, either to move into or as an investment, call me at 407-842-7700 right away, or email me at Andy@AndyTolbert.com

It actually looks that way!

Florida’s rate of foreclosure filings in August was down 4.11% from July (but it was still 29.67% higher than August of last year!) so while it appears to be slowing down, it is still quite a large problem and unfortunately, we’re seeing it right here as we see the Seminole County foreclosure market still continue to be a large part of our market.  In August, Seminole County had 877 filings, the 2nd highest number all year, and we’ve had 6,309 filings so far this year!  We are on track to have an annualized rate of 6.78% of all households or 1 out of every 14.75 houses!

Also, the Ft. Myers/Cape Coral market, which was #1 in the NATION in July, fell to 6th in August. Let’s all look at these little indicators as the beginning of the end (hopefully). In Florida in August, 1 out of every 194 households had some kind of a foreclosure filing against them. Wow.

To read the article that Forbes Magazine just ran on this topic, click here.

If you are looking to purchase a home in this market and you’ve been waiting for it to hit bottom, it looks like it might be time… please call me first…I’ll give you all the pros and cons to buying a foreclosure so you can make an informed decision. I can be reached at 407-842-7700.

Do you believe it? According to an article in the Orlando Business Journal, so far this year (Jan-July) 4.83 out of every 100 homes in Florida has had a filing already this year!

That’s almost 5%!  That’s about 1 out of every 20 homes!  How many does that mean are on your street?

Wow.

While I hate what is happening (in many cases to good friends of mine!) It does make a huge opportunity for you to buy a foreclosure home in Seminole County Florida!

The Seminole County Florida real estate market has always been and will continue to be very desireable, even in this market.  Are you ready to buy?  Check back to this new resource regularly and see what we have in store for you!

Andy Tolbert

p.s. Tell a Friend!

oh, p.p.s.  Here’s the link to the OBJ article: http://www.bizjournals.com/orlando/stories/2008/08/11/daily7.html?f=et70&ana=e_du