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By James Williams | Agent in Kissimmee, FL
  • I’m offering too much for this House?

    Posted Under: Home Buying in Kissimmee, Foreclosure in Kissimmee, Investment Properties in Kissimmee  |  September 4, 2013 10:01 AM  |  544 views  |  No comments

    Kissimmee, FL

    Osceola County FL


    Working with a REALTOR whom has good knowledge on strategy concepts, and the appropriate skill set to help you determine the best offering price is very important?  There is a lot to consider when making this decision.  Not only are there normal factors that one considers when determining the price that they would pay, but also in the end it comes down to condition of the property and location. 


    In today’s market, one has to stay competitive to beat the rest.

    This particular market in Osceola County, FL is large part a seller’s market today; therefore, too many requests can derail one’s chances in succeeding.  The average sold to original list ratio is 97.88%.  So, you can see there is very little wiggle room.  However, there are many variables that can affect your final offering price, work closely with your REALTOR in order to help you determine the best price.


    If you are looking to buy or sell then select an Agent who has local knowledge, process expertise, fast responsiveness, and good negotiation skills select James, III @ RE/MAX Premier Properties, 321-402-6261, jameswilliamsiii@me.com, www.MyHomesInKissimmee.com     


  • Foreclosure Deal of the Day

    Posted Under: Home Buying in Kissimmee, Foreclosure in Kissimmee, In My Neighborhood in Kissimmee  |  October 16, 2012 11:54 AM  |  789 views  |  No comments
    Check out this Foreclosure Deal of the Day:


    James Williams III-REALTOR,  CRS (Council of Residential Specialist), ABR (Accredited Buyer's Representative), SFR (Short Sales & Foreclosure Resource), BPOR (Broker Price Opinion Resource),
    CDPE (Certified Distressed Property Expert), CIAS (Certified Investor Agent Specialist), & FSP (Five Star Professional-Short Sale & REO/Foreclosure Certified)

    "Oh, remember, by the way, I'm never too busy for any of your referrals."

    RE/MAX Premier Properties
    404 Broadway
    Kissimmee, FL 34741

    Cell: 321-402-6261
    Direct Fax: 407-965-2495
    Office: 407-343-4245
    Office Fax: 407-343-4246

    Get Pre-qualified Here:  (Click Below)
  • 167,398 foreclosed Floridians could receive check

    Posted Under: Foreclosure in Kissimmee, In My Neighborhood in Kissimmee, Property Q&A in Kissimmee  |  September 26, 2012 4:30 AM  |  804 views  |  No comments
    167,398 foreclosed Floridians could receive check

    TALLAHASSEE, Fla. – Sept. 25, 2012 – Florida Attorney General Pam Bondi announced that about 167,398 Florida borrowers who lost their home to foreclosure would receive a claim form to determine if they deserve money under the $25 billion national mortgage foreclosure settlement.

    To be eligible, a homeowner must have gone through foreclosure between Jan. 1, 2008, and Dec. 31, 2011, and had mortgages serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo – the nation’s five largest mortgage servicers.

    The settlement, which took effect in April, earmarked about $1.5 billion for 2 million borrowers nationwide. The amount of money any individual homeowner receives depends on the number of borrowers who participate.

    Claim forms must be returned by Jan. 18, 2013. Most should have already received a postcard saying they’re eligible, and the claim form with instructions should arrive within the next few weeks. Bondi urges people to return the forms as soon as possible, however. They can also be submitted online. 

    Bondi expects checks to be in the mail by mid-2013.

    Borrowers who have questions or need help filing a claim can call the settlement administrator toll-free at (866) 430‐8358 or email administrator@nationalmortgagesettlement.com. The information line is staffed Monday through Friday from 7 a.m. to 7 p.m. Central Time.

    “Payment won’t stop other legal claims.
Eligible borrowers do not need to prove financial harm to receive a payment, nor do they give up their rights to pursue a lawsuit against their mortgage servicer or to participate in the Independent Foreclosure Review Process being conducted by federal bank regulators,” Bondi says in a news release. “However, any payment received may reduce payments borrowers may be eligible to receive in any other foreclosure claim process or legal proceeding.”

    More information about the program under federal bank regulators is available atwww.independentforeclosurereview.com.

    Borrowers who did not receive a postcard notice but believe they may qualify should contact the settlement administrator.

    “Beware of scams,” Bondi says. “Borrowers should not need to pay anyone to file their claim. All homeowners should be aware of settlement-related scams. Do not provide personal information or pay money to anyone who calls or emails you claiming that they are providing settlement-related assistance. If you believe someone is conducting a settlement-related scam, contact the Florida Attorney General’s Office at (850) 414-3990.”

    © 2012 Florida Realtors®

  • Canadians See U.S. Home Bargains Slipping Away

    Posted Under: Home Buying in Kissimmee, Foreclosure in Kissimmee, Investment Properties in Kissimmee  |  August 18, 2012 7:00 PM  |  895 views  |  No comments

    Canadians See U.S. Home Bargains Slipping Away


    Canadians have had a big appetite for U.S. properties in recent years while housing values in many markets across the U.S. took a tumble. But now as many housing markets pick up, bargain-hunting Canadians see opportunities closing and are rushing to take advantage of investment or getaway properties before these properties inch even higher, CBC News in Canada reports. 

    Canadians account for 24 percent of foreign home buyers in the U.S. — the largest share — and Canadian buyers account for more than double the rate they did in 2007, according to data from the National Association of REALTORS®. 

    “As the U.S. market tanked over the past couple of years, some Canadian buyers took advantage of an especially fortuitous confluence of events — a dollar that had moved up to par, deeply-discounted asking prices, and little competition from an economically battered U.S. populace,” CBC News reports. “Many Canadians who bought in the U.S. even a few months ago are starting to see a return on the investment, but those who are still contemplating a purchase need to tread carefully.”

    But with falling inventories in the U.S. and rebounding home prices, Canadians are seeing the bargains slipping away, particularly in the two states where they tend to be the most active — Arizona and Florida. 

    Canadians are finding themselves in more multiple-bid situations in these recovering states and paying more than what they would have a few months ago. Still, many Canadians are finding they have an advantage: Many American home buyers continue to struggle to obtain financing due to banks’ tightened underwriting standards, while many Canadians are making all-cash offers for homes to win multiple-bid situations.

    Source: “Canadian Buyers Face More Competition as U.S. Housing Recovers,” CBC News (Aug. 16, 2012)

  • If you can pull it off, buy a house

    Posted Under: Home Buying in Kissimmee, Foreclosure in Kissimmee, Home Insurance in Kissimmee  |  August 18, 2012 6:26 PM  |  467 views  |  No comments
    If you can pull it off, buy a house

    NEW YORK – Aug. 13, 2012 – Investment opinions are like, um, noses: Everyone has one. Buy stocks, sell bonds? Go long steel and short copper? Buy sheep, sell deer?

    It’s pretty easy to see both sides of an investment argument. But it’s hard to argue against buying a house now, assuming you can get a loan.

    The housing cycle is a long one, in part because buying a house moves at a glacial pace, at least compared with the time it takes to buy a stock or bond. If you’re not pre-approved for a mortgage, you have to submit to a credit check, which, these days, is only slightly less intrusive than a CIA background check. You have to get the home inspected. You have to figure out the various fees your bank charges, including the one marked “Just because we can.”

    How long is a housing cycle? Pretty long. A relatively modest housing bubble, by today’s standards, occurred in Boston in the late 1980s. Average home prices, adjusted for inflation, hit $310,000 in October 1987. Home prices didn’t hit that level again until May of 2000. Someone who bought at the high had a long wait to get even – particularly in light of the broker’s commission.

    Home prices bottomed, however, in March 1993 – roughly six years after the top. History doesn’t repeat itself precisely, but it’s interesting to note that the top of the last housing bubble was six years ago, in 2006.

    Why be bullish on housing?

    Prices. You can always buy low and watch prices go lower. But by many measures, home prices are still cheap. The median single-family home price – half higher, half lower – hit its nadir in January, dropping to $154,600, the lowest since October 2001, according to the National Association of Realtors. That’s down from a high of $230,900 in July 2006.

    Existing-home prices rose in June to a median $190,100, up 8 percent from June 2011. Those are still 2003 levels.

    Supply. The good news is that the enormous supply on the market is shrinking. It takes a wearisome amount of time for supply to shrink, in part because there are people who have wanted to sell their homes for many years, but haven’t been able to get the price they want. As prices rise, more homes come on the market.

    Nevertheless, Ned Davis Research, a respected institutional research firm, estimates that excess supply of houses on the market should be eliminated by the end of 2013. When excess supply dries up, people start building more new houses, which has the virtuous effect of reducing the unemployment rate and increasing the economy generally.

    Mortgage rates. The average 30-year fixed-rate mortgage rate is 3.59 percent, according to mortgage giant Freddie Mac. That’s above the all-time low of 3.49 percent the week of July 26, but close enough. It’s conceivable that at some point in the next 30 years, your interest rate would be less than the rate of inflation.

    Assuming you financed 80 percent of the median single-family home, or $152,080, your mortgage payment would be about $691, excluding taxes and other irritations. About $5,589 of your first year’s payments would be tax-deductible mortgage interest.

    Thanks mainly to low home prices and interest rates, the NAR’s housing affordability index rose to its highest level on record. (The higher the index, the more affordable the average home. The index also takes into account average family income, which has been falling since 2008.)

    What could go wrong? All sorts of things. You may not be able get a loan. Bankers are insisting on checking things that seemed far too troublesome during the housing bubble, like whether you have a decent credit rating, a down payment, or a job.

    The other problem is that houses are leveraged investments – that is, you borrow money to buy them. Let’s consider the example above, where someone buys a $190,100 house and finances $152,080.

    Your investment is $38,020. Let’s say that the worst happens: Home prices fall, and you have to sell the house for $175,000.

    Unfortunately, the bank won’t split the loss with you. You’ll get back $22,920 from the sale, and wave goodbye to $15,100 of your downpayment. That’s a 40 percent loss, even though your house has fallen 8 percent in value.

    There are other risks with homeownership, ranging from termites to ghosts in the hall closet. But if you’re planning to live in your home for a long time, you have the money, and you can get financing, it’s a fine time to buy.

    © Copyright 2012 USA TODAY, a division of Gannett Co. Inc.

  • Hispanics majority of new owner households

    Posted Under: Home Buying in Orlando, Home Selling in Orlando, Foreclosure in Orlando  |  August 18, 2012 5:28 PM  |  476 views  |  No comments
    Hispanics majority of new owner households

    WASHINGTON – Aug. 14, 2012 – The Census Bureau reports that Hispanics created new owner households in the United States at a faster clip during the second quarter even as white and black homeownership continued to ebb.

    Ownership among Latinos expanded 63 percent to 6.7 million households in June from 4.1 million households in June 2000. Over the same time, homeownership levels for whites inched up just 2.3 percent from 57.8 million from 56.5 million.

    Officials from the National Association of Hispanic Real Estate Professionals cite population growth and higher incomes as primary reasons for the increase.

    “The persistent growth of Hispanic homeownership even in the midst of a lagging economy underscores a basic reality: First-time minority homebuyers – led by the burgeoning population growth and purchasing power of Hispanics and Asians – are the key to America’s housing and economic recovery,” says housing economist Alejandro Becerra.

    Statistics on homeownership in the Hispanic community are muted somewhat, however, because young Latinos are forming households as both owners and renters at a fast rate.

    “As foreclosures continue to wreak havoc in communities across the country and economic uncertainty prevails, a young and burgeoning Hispanic population will, by necessity, be creating more renter households than planting roots in homeownership for some time to come,” says Becerra.

    Source: Housing Wire (08/06/12) Hilley, Justin T.

    © Copyright 2012 INFORMATION, INC. Bethesda, MD (301) 215-4688

  • More adult kids living at home

    Posted Under: Home Buying in Kissimmee, Home Selling in Kissimmee, Foreclosure in Kissimmee  |  August 18, 2012 5:26 PM  |  374 views  |  No comments
    More adult kids living at home

    COLUMBUS, Ohio – Aug. 9, 2012 – A report by Ohio State University sociology professor Zhenchao Qian for the US2010 Project shows that the number of young U.S. adults between the ages of 20 and 34 living with their parents rose to 24 percent during the recent recession in 2007-2009. That’s an increase from 17 percent in 1980.

    The jump was even bigger – to 43 percent from 32 percent – among those younger than 25.

    The trend can be attributed to a 12 percent unemployment rate among young adults, high student debt levels, delayed marriage and divorce. While the percentage of young adults with graduate degrees who live with their parents held steady at 8 percent, the report indicates a gain among young adults with only a high school diploma from 29 percent in 2009 to 18 percent in 1980.

    While some young adults live with their parents for financial reasons, Sally Koslow, author of “Slouching Toward Adulthood: Observations From the Not-So-Empty Nest,” says lifestyle reasons also play a role.

    “They don’t have to pay and have access to a full refrigerator,” she says.

    Qian found that men are more likely than women to live with their parents, and that the metro areas with the highest percentage of young adults living with their parents were Bridgeport-Stamford-Norwalk, Conn. (34 percent), New York (30 percent) and Los Angeles (28 percent).

    Additionally, non-Hispanic whites were less likely than those of other races to live with their families, with 24 percent of Hispanics, 26 percent of Asians, 27 percent of blacks, and 30 percent of Native Americans doing so.

    Source: USA Today (08/01/12) P. 1A; El Nasser, Haya

    © Copyright 2012 INFORMATION, INC. Bethesda, MD (301) 215-4688

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