there are some condos in the Lake Mary area .. that will require an all cash offer, but the out look for appreication is very good. The same is true about homes that are bank owned or short sale, but you can get loans on these. It is very good time to invest, but don't wait too long as the inventory is going down fast. Have a Realtor send you a current list of the best deals for you.

For the first time ever you CAN buy a condo in Lake Mary with $60,000 in cash! No doubt about it, condos are the way to go for out -of- state buyers. I am selling condos at Regency Park in Lake Mary to doctors, dentists and other professionals who are using them to make money by renting them out. I've also been selling them to people from out of state who are now using them as their vacation home. In a condo you can come & go as you please, you don't have to worry about the pool or lawn or exterior maintenance, it's all taken care of for you! It's a GREAT LIFESTYLE! The problem now is starting to be getting one. They are selling almost as quickly as they are coming on the market. So I watch and wait, usually not more than a week or two then, I help my buyer negotiate the deal and come out with the winning bid. If you are interested in a condo purchase in Lake Mary and you have the cash, then do not hesitate. Give me a call today and let me help you with your condo purchase.

Kathy Williams
407-687-8712
kwilliams@WatsonrealtyCorp.com

Hi Ko,

There are a number of excellent opportunities in stable communities, both in Lake Mary and other communities as well. If your total investment is not able to exceed $60,000, obviously that will limit your choices. All things being equal, in today's market, single family homes are more secure investments and are very close to rebounding upwardly and are sought by rents, assuming the rent is in line. Condos are more high risk, many HOA's are somewhat unstable, a lot of units in arrears and the long term forecast for condos is questionable. The condo conversion craze of 3-4 yrs ago has created a multitude of foreclosure and short sales in the condo market and this will be a very slow rebounding sector. Secondly, when analyzing from an investment standpoint, HOA fees need to be computed and analyzed.

Feel free to contact me for further information and assistance. If you are not presently represented by a Broker, we work with numerous investors and would welcome the opportunity to assist your real estate needs.

Sincerely,

Marty Kaiser
Accredited Buyer's Representative(ABR)
Broker/Associate
Keller Williams Realty
407-595-9700
marty@floridasells.com