Marcus

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Marcus,  in Orlando
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About Me
Licensed Orlando real estate broker and founder of CondoMetropolis.com - Orlando's favorite condo website and news blog!
My Q&A View all >>
Marcus's Questions (2)
Marcus's Answers (24)
Marcus answered:
Hi Mark, yes there are certain concerns both with condos and condo conversions. As Orlando's only "condo-only" buyer-brokerage we'd be happy to help you navigate the maze. And as a buyer it won't cost you a penny! Check out our website below or you can go directly to our Enders link here:
http://www.condometropolis.com/resultpics.php?id=484&Name=en… - Thu May 15 2008, 18:49

Orlando property market - how much further will it drop?

Marcus answered:
The truth is, if we could accurately judge the market, we'd all be millionaires and none of us would have negative equity. And if I could do that, then I'd get out of real estate and into the stock market! If you're from the UK or Canada, then hedging your currency against the dollar could be a far more important factor. With two dollars to the pound in the UK, you stand to lose a lot more by mis-timing the exchange rate. If the dollar strengthens and you start getting just $1.7 instead of $2.0 then you stand to lose a lot more than worrying if the house you want drops by another $5-10k. Here are a couple of blogs we've posted on the subject:

http://www.condometropolis.com/blog/2007/09/29/why-arent-buy…

http://www.condometropolis.com/blog/2007/12/05/mortgage-term…

http://www.condometropolis.com/blog/2007/11/12/overseas-cond…

Good luck and feel free to contact us for further advice. We work with a lot of overseas buyers. - Thu May 15 2008, 05:50
Marcus answered:
Good advice on location and schools are just two of the great things a local Realtor can provide you with. Are you working with anyone at present? If you'd like answers to those questions and others give us a call. We do a lot of relocations to the Orlando area! - Fri May 9 2008, 12:24
Marcus answered:
Sandy, this is very short notice but I have a rental property that just fell out after the Tradewinds auction last month. This was the best deal in Orlando this year and they are willing to let me reassign the contract at auction price of just $93k for a 2/2 to anyone who can close in 30 days. The current tenant has a lease until the end of this year and pays $930 a month. HOA fees are $187 and taxes around $2.5 year. Great neighborhood and I have about 48 hours before they give it back to the developer. Let me know if you're interested and pass the word! - Fri May 9 2008, 11:04
Marcus answered:
Hi Ricardo, if you're 100% serious about REOs then give me a buzz. These have been notoriously difficult to put together lately and you'll need proof of funds and preferably a history of being able to perform. If you think you can do it, let me know and we'll move forward. Thanks! - Fri May 9 2008, 10:58

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