web-journal

Buy New!

New holds value longer, rents more easily, appreciates better, and is easier to maintain.

When it comes to appreciation, properties are not always equal.  New builds avoid issues associated with older resale properties.  Stronger bedroom to bathroom ratios, open space with good light by more windows, computer specific areas, higher ceilings, larger pools, and better site positioning are just a few of the more recent features that differentiate new construction from older resale properties, which all go to keep an investment attractive long into the future.

The redevelopment of this road into four lanes was scheduled from east to west starting at State Road #17-92.

Phase 1, well under construction from SR #17-92 to Old Lake Wilson Road is on time.  Polk County has started to make early improvements on additional sections ahead of beginning Phase 2 from Old Lake Wilson Road to Champions Gate in late 2008.

What everyone may find is that Phase 3 is ‘enhanced,’ and Phase 3 from Champions Gate to U.S. Hwy #27 bumped up to coincide with the development of Phase 2. 

Watch for this to happen.

When property values are declining, reducing the price to the current market value is not sufficient.  Instead, the price must be slightly below market value to sell the property.

A property should really be listed below recent comparable sales.  Reason being, today’s comparable sales represent what prices were 60 to 90 days back.

In the now and again, ‘Just for Fun’ segment, here’s the next challenge.

First current vacation home owners within 15 minutes of WDW to identify the location win the prize.  (Hint: It’s not in the Everglades…)

ANS: 12.19.2007 - This is the tranquil little pond next to the community club house in the Bridgewater Crossing subdivision.

WINNER: Again, no correct answers were received.  (We certainly would have thought one of the owners in Bridgewater Crossing or Windwood Bay would have recognized this.)

One builder/developer’s view:

“If the market is good, water sells best.” 

“If the market is bad, water still sells best…”

Absolutely…

A home warranty plan is a service agreement that helps protect home buyers and sellers from unexpected bills for covered repairs or replacements of major systems and appliances in the home.

Home warranties cover many items not covered by homeowner insurance, such as a/c & heating systems, water heaters, dishwashers, electrical problems, etc.

There’s a 68% chance that a home’s major system or appliance will breakdown in a given year.

CR 532 & Mystic Brook Way

… excellent location next to Reunion Resort …

3BD’s - 1580 Sq. Ft. to 5BD’s - 1767 Sq. Ft.

From the Mid $200’s

Conditions in the mortgage market are improving, which should help to release some pent up demand.

Conforming loans are abundantly available at historically favorable mortgage rates.  Pricing has steadily improved on jumbo mortgages since the August credit crunch, and FHA loans are replacing sub-prime mortgages.

2007 will be the fifth highest year for existing homes sales in the United States.  One out of every sixteen American households is buying a home this year.

- National Association of Realtors, October 2007 -

5455 North Eagle Road, Saint Cloud

… wholesale/retail bedding plants of all varieties…

6″ - $1.25 / 1 gal - $3.00 / 10″ - $4.00 / 7 gal - $10.00

Mrs. Bright, Owner

 Forty-seven percent of all International buyers purchased homes exclusively for vacation, while 22 percent were motivated primarily by investment. Nearly a third of foreign buyers cited both vacation and investment as reasons for their purchase. International homeowners spent an average of 4.2 months of the year in their

Foreign buyers purchase homes across the

-  National Association of Realtors®, 2007  -