Marcus Burke PhD, GRI
Condo Metropolis LLC
Licensed Real Estate Brokerage
Condo Website: http://www.CondoMetropolis.com
Telephone / Fax: 407-290-3408.
There are hundreds of condo's on the market and I would look at all of them before making a decision.
Visit my website and request my 'Free Foreclosure List', request Orange County and in the remarks section type in condo. You will be set up on Auto-MLS for all the foreclosures listed for sale by any company, it's simple and it's free!
Take time to explore my profile located here on Trulia: http://www.trulia.com/voices/profile/Real_Estate_Pro-Orlando
And my website http://two4oneoforlando.com
Dave Lowe, Broker Two4One of Orlando
GRI â€“ ePRO â€“ GREEN (Designations)
Innovative / Save Money / Great People
I agree with previous comments. I know this community very well, it is in an area that I specialize.
I could make a couple of suggestions, but I would like to ask you a few questions to fully advise.
Short sales are time consuming and difficult to bring to a close. In some cases this process could take many months. I may be closing on a short sale in May that was presented to the bank back in January. So if you are committed to hurry up and wait then you may have what it takes to try and closeon a short sale. Then you will need cash if you are in the condo market.
Condos are plentiful here in Orlando in all sizes, shapes and colors. Some are very inexpensive, but do not be fooled. The Monthly condo fees can be very high and you should expect these fees to go up as more and more communities deal with high foreclosure rates. They may not be the bargains many assume them to be. While the rental market may be strong, how much can you really charge for a 1/1 or 2/1 condo?
I certainly would like the opportunity to chat with you. I have more ideas on investment or primariy residence opportunities here in Central Florida that I would like to share with you. I will leave my contact information here. I would be happy to hear from you.
this is not a simple sale for $30K, they want an offer on 4 units together (so $120K total) so the owners can get the short-sale process underway.
There are many condos for sale in Orlando in this price range, but the new Fannie Mae rules are making financing them nearly impossible, so cash is the only way to go.
Feel free to email me for some of the miriad of other condos in this price range in Orlando!