May 18, 2011 05:00 ET
Monday, May 23, 2011
Congratulations to Coldwell Banker, we rock!!!
CONGRATULATIONS to the Winter Springs Team of Coldwell Banker Residential Real Estate for being voted the top real estate office in the 2011 Fan Favorite Ovations Awards as selected by the readers of the Seminole Voice newspaper and the members of the Oviedo / Winter Springs Regional Chamber of Commerce.
This listing is a great buy!!!!
Beautiful and spacious two-story townhouse feature 4 bedrooms & 3.5 bathrooms, featuring two master bedrooms. Located in a cul-de-sac with great views,secluded courtyard, beautiful lanai, brick pavers driveway, 2-car garage. New roof, and newer AC system, receipts available. The Springs offers a serene park-like lifestyle and many enjoyable amenities such as an inviting natural spring and beach; pools, his and hers health spa; tennis, basketball, clubhouse, jogging paths, horse stables, RV and boat storage and 24 HOUR MANNED SECURITY. A true private paradise!! This home can be your second home or downsize to a 2563 SF home. Priced to sell.
THIS IS THE ONLY TIME WE WILL SEE AND LIVE THIS EVENT
Calendar for July 2011
July | |||||||||||||||||||||||||||||||||||||||||||||||||
|
Money bags
This year, July has 5 Fridays, 5 Saturdays and 5 Sundays. This happens
once every 823 years. This is called money bags. So, forward this to
your friends and money will arrive within 4 days. Based on Chinese
Feng Shui. The one who does not forward.....will be without money.
Kinda interesting - read on!!!
This year we're going to experience four unusual dates.
1/1/11, 1/11/11, 11/1/11, 11/11/11 and that's not all...
Take the last two digits of the year in which you were born - now add
the age you will be this year,
The results will be 111 for everyone in whole world. This is the year of
the Money!!!
The proverb goes that if you send this to eight good friends money will
appear in next four days as it is explained in Chinese FENG SHUI.
Those who don't continue won't receive.......
Its a mystery, but its worth a try. good luck.
3 New Anti-Foreclosure Strategies
Critics of the government's Home Affordable Modification Program offer fresh proposals to slow foreclosures.
Real Estate and Banks
Banks across the country are cancelling, holding, removing and investigating prior foreclosure steps to validate that they were done properly. Accordingly, Realtors are following banks instructions to withdraw or cancel REO foreclosures in the MLS.
Meanwhile, the house market is suffering. There are plenty of short sales, but the process has slow down a bit; consequently, buyers are scared to commit their resources to short sale transactions. What is there? Buyers have to content with the fewer REO sales and an increased number of traditional sales which are priced more aggressively.
Meanwhile, the house market is suffering. There are plenty of short sales, but the process has slow down a bit; consequently, buyers are scared to commit their resources to short sale transactions. What is there? Buyers have to content with the fewer REO sales and an increased number of traditional sales which are priced more aggressively.
Real Estate Market Trends
Real Estate Market Trends in the Florida market for your trusted real estate professionals.
FHA/VA lowered the credit score
FHA/VA lowered the credit score requirements for loans. Before- 620 minimum credit score, now minimum score 500-599. FHA and VA requirements: 10% down payment, 2 months of PITI in reserves, maximum 3% seller contribution to closing costs. In addition FHA requires a maximum 36% Debt to Income Ratio and buyers' funds must be from own funds (NO GIFTS)
Cash buyers lift the housing mark
Cash buyers lift the housing market.... It is true and it is a good thing. The downsize, cash buyers often command 5% to 15% more off the asking price than a potential buyer using a mortgage, thus affecting market values. The upside.... cash buyers are taking inventory off the market, fixing homes that often times are not desirable to buyers that are financing a purchase. There are great FHA renovation loans available to buyers who want to take on renovations.
Multi-generational Market
Multigenerational Market – a new trend or market reality?
In a proactive approach to understand market conditions, Coldwell Banker surveyed 2362 real estate sales professionals in 2010, the survey results indicated that about 37 percent of its sales professionals saw an increase in the number of homebuyers looking to purchase a home that could accommodate more than one generation over the last 12 months.
Almost 70 percent of Coldwell Banker sales associates believed that economic conditions driven in part by the job losses and home foreclosures of recent years will cause a greater demand for multigenerational homes in their market during the next year. Financial drivers (29%) and health care issues (29%) were cited as the main factors behind this trend, whereas 6% mentioned a desire to help and unite family as a strong factor.
Certainly assisted-living care is cost prohibitive for a growing number of families since basic services can begin at $4,000 forcing elderly parents to move in with their children. But the benefits go beyond just financial reasons, with two or three generations living under one roof, families often experience more flexible schedules, quality time with one another and can better juggle childcare and eldercare.
Other reasons for the rise in multigenerational living can be attributed to a growing number of children who are moving back in with Mom & Dad due to financial, economic and employment issues. Also, a good number of college students are living at home until their career advance. Moreover, there is change in median age of first marriage and child bearing too, the typical man now marries for the first time at age 28 and the typical women at age 26.
The 21st century is looking more and more like the 19th century. The 2010 Pew poll states that in 1940, about a quarter of the population (24.7%) lived in at least two adult generations; but by 1980 it was reduced to just 12%. By 2008, a record 49 million Americans (16.1%) lived in multigenerational homes, an increase of 2.6 million from 2007.
Today, there are 6 million U.S. “multi-generational” households that consist of at least three generations of family members, 30 percent higher than in 2000 according to a recent New York Times article that cited Pew Research findings.
Cultural Trend and Immigration. Multi-generation or joint household is an everyday life and housing pattern in cultures around the world.
Immigrants are a source of this growing multigenerational housing demand in the United States -- dominated by Latin Americans and Asians. The Latino and Asian household composition is different in fundamental ways from the domestic-born, declared said Kermit Baker, a senior fellow at the Joint Center for Housing Studies at Harvard.
Even when several generations are not living together permanently, more and more families are looking for housing alternatives that can readily accommodate extended visits from overseas relatives.
Multigenerational communities. Many new communities in Central Florida are answering to this demand, housing projects aimed at accommodating extended families is becoming a growing real estate niche according to The New York Times report.
Builders and architects are mindful of multigenerational needs, designing some units with a bedroom and a full bath on the main level so the elderly could avoid the stairs. Multigenerational town houses and single family homes, designed primarily for families that include grandparents or grown siblings, have become one of the housing market few growth areas.
Tips on dealing with multigenerational buyers and sellers. As leaders in the real estate industry, real estate professionals must possess
Flexibility, knowledge and understanding of the market and its trends to effectively work with multigenerational buyers and sellers. Adequately prepare to serve a multiethnic – multicultural clientele needs and demands, such as language ability and cultural understanding; use of technology such as Internet, social media, smart phones, videos, etc. Buyers like property and community videos. Knowledge and understanding of real estate contracts, REO, Short Sales, negotiating skills. As a listing agent -- it’s important to highlight the multi-generational features of the home, such as second master bedrooms with private bath or separate entry, garage apartments or finished basements, "mother-in-law suite" or bedrooms in the first floor. When working with buyers --prompt questions to understand their exact needs when discussing housing requirements, are other family members a consideration? Do you just need an extra bedroom or will additional living space be required? Also, consider the location and its proximity to heath care facilities, schools, childcare facilities and other areas that are important to your family.Recommendation to multi-family living: Extended families buying a home together should consider signing a written contract outlining everything, from finances to chores and childcare.
Multigenerational housing is a market reality and will continue to be the hot niche in a cooled market for several years to come. Let be prepared.
Monica Richter,
Coldwell Banker Real Estate
Broker Associate, GRI, CSIP, REO
Rollins Crummer '10 MBA Management, Marketing
Member of ORRA, FAR, NAR
Grievance Committee Member
Budget and Finance Committee Member
Communications Committee Member
Subscribe to:
Posts (Atom)