Bank owned properties are getting to be fewer and fewer in these areas. If you see one you like, so will lots of other buyers. Be prepared to act quickly and NEVER fall in love with bank owned property. In terms of short sales I advise my clients to avoid three things: 1) properties where the listing agent has never closed a short sale, 2) properties with 2 mortgages, and 3) occupied short sales. There are still plenty left after ruling those out.
The time to buy is when you need to move. Your own home is where you live, it's not really an investment despite all the hype your hear from most people in this business. All comes down to rent and get nothing or buy and see if you can build some equity. That plus when you own you can do what you want with the property unlike a renter who is very limited in what they can do. Given the state of prices today and assuming you are financially stable, then your time to buy is now.
Let me know if I can be of any further help.
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This is a great time to buy, especially in the Orlando area. We have been in the distressed market for some time now and have the process streamlined. The homes are priced to sell and the sellers, whether distressed or not are extremely motivated.
There are many great areas in Orlando that could fit your general criteria that you have mentioned. Dr. Phillips and Windermere are included in these areas, however there are some others to compare. Depending on your overall goals and needs, will ultimately drive your location. Contact your agent to help you search through the communities, the first step is to find that perfect location! Once that is established you will be able to find your dream home!
Best of Luck and I am glad you have thought of the Orlando area!
Send me your criteria on the home you want and I can start searching for you. April will be here before you know it. And depending upon if you want to purchase a short sale now would be the time to start looking. I have lived in Orlando going on 19 years. Dr. Phillips or Windermere are great choices.
Welcome to Florida. Your move should be an exciting one. The areas you chose are amazing. I lived in Windermere for 10 years and just recently moved to Avalon, of which is also a great area! Now is the time to buy, prices are on the move and you do not want to be one of those people who shoulda, coulda, woulda! I would love to show you around when you arrive and welcome you in to are amazing state! Please contact me and let's find your dream home together...
Have an amazing day!
As a fellow Hawkeye, originally from the Quad Cities and actually an Iowa State alumni, I welcome you to Florida. We have lived here for over 7 years and know the state very well. If you are set on an Orlando address you cannot go wrong in the areas you are targeting. If you are open to other areas of the state you truly should consider northern Palm Beach County for an amazing quality of life. Here is a blog I did on the area as a brief introduction and if you would like any additional information on Paradise please feel free to contact me at your convenience.
Always at Your Service,
Tom Priester e-PRO
"Results Driven Real Estate"
Keller Williams Realty
I find that the Dr. Phillips area is closer to Orlando and most desireable restaurants and shopping needs. Another factor to consider the drive to work and location.
I would recommend, if possible to make a trip prior to your move to actually see the different areas and compare. I have sold several homes in both areas and would highly recommend a trip to see the different styles of homes and get a feel for the communities. Please feel free to contact me if I can be of service to you and your wife.
Real Living Real Estate Solutions
6401 Raleigh st.
Orlando, Fl. 32835
You must be so excited (and maybe a little bit nervous?) about your move.
Both Dr. Phillips and Windernere are great places to live. On the whole, Dr. P is more established and you will find that the drive to most amenities will be much shorter there than in Windermere. Both neighborhoods are quite desirable, and the market in both areas are showing signs of stabilization and perhaps even beginning to increase in price. There are still AMAZING opportunities in both areas, but I would recommend not getting your head set on one particular "type" of sale. The good ones go fast, regardless of whether they are traditional, short sale or REO, and the converse is true of bad or overpriced ones.
Basically, you can rest assured that you will find the house and neighborhood that suits you in either of these areas; there is a huge variety in ages and sizes of homes.
One thing to keep in mind: You almost cannot drive a straight line from anywhere to anywhere in Orlando. This really surprised us when we made the move here about 3 and a half years ago. Just because something is "only" 3 miles away doesn't mean that the drive will be 3 miles. Windermere seems really close to Orlando, when you look on the map, but the actual drive can actually be quite circuitous. around lakes and switching-back to get to toll roads. Google maps can be your friend here; if you have an area you are thinking of living and know where you'll be working (say) you should map it.
I. personally, really like the gated community of Orange Tree in Dr. Phillips. Great central location, private golf course, walk to famed "Restaurant Row" (and bars) and shopping, A rated school district and a really beautiful mature Florida landscape.
Great choice. I live an work in the Windermere area and Drive through Dr Phillips every day. I would suggest one of the gated subdivisions in Windermere. Some great prices here at the moment.
Hve a look at http://www.frontlinefloridarealty.com/Windermere
type in your requirement in the advance search option ot just let me know what you are looking for and I will help you find it.
Dr. Phillips (Bay Hill) and Windermere are the two of the top and most preferred neighborhoods in Orlando and surrounding areas. April is a great time to buy,..you will have plenty to choose from as far as new, short sale, bank owned, and regular sale priced homes in the inventory. The mix of new and established is also available in both neighborhoods with Windermere having more distressed properties (short sales and bank owned) as well as non-distressed houses.
Please let me know if I may be of help to you.
I would also like to add the Lake Nona area of Orlando. Another town to consider is Saint Cloud. It is a smaller town feel than Orlando. You can find home here with a little more land around them
Bank owned and reo are good buys. Short sale have a tendency to take longer than other types of sales.
I would be happy to assist you in your relocation.
You can e-mail me at firstname.lastname@example.org
Have a great holiday
Keller Williams at the Lakes
Kissimmee, FL 34744
If you need help searching for a home we would be honored to assist you with your home search. Also feel free to visit the community section of our website it will give you more information on both areas and also allow you to search for homes in Windermere and Dr. Phillips for free.
Chris Christensen (407) 312-8003
Regal Real Estate Professionals
Dr. Phillips is a good area with a mix of old & new communities and good schools, also i would focus on the area between Disney and Windermere that again has good schools but mostly newer communities.
Some short sales go quickly (45 days) but most are longer, it depends on how many loans (1st, 2nd, 3rd), types of loans (hopefully no home equity loan), who the loans are through and lastly do the real estate agents on both sides (sellers agent and buyers agent) understand the process.
REO's are a little tight on inventory currently but that is changing as banks ramp up again so you should be good to go there by April.
As to the communities in these areas I will need a bit more criteria to help there.
Feel free to call me anytime to discuss the areas at 407-330-0060.
Hope this helps,
Dave Lowe, Broker
Community and Family Values
If you haven't selected a REALTORÂ® to help you with your home search I would be more than happy to help you get started with some preliminary steps to be prepared for April. My name is Carla Stanton and you can reach me at 321-356-3370
I grew up in Central Florida and work for Prudential Florida Realty and I would love to help you find your spot in this great town!