recommendations Archives - Buying Property In Florida: The Florida Property For Sale Complete Guide

Davenport, Florida: $99,900

3 bedroom 2 bathroom condo with community pool
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Key Features:

In-house management company, bookings may be available to new owner

Recent upgrades

Great community facilities + proximity to shops & restaurants

Description:

Wyndham PLATINUM STATUS property located in the luxurious Bahama Bay Resort, 10 minutes from Disney World and all major attractions in Central Florida. This beautiful fully furnished 3 bed/2 bath condo is located in Building 33 on the third floor with a wonderful view of one of the many pools at this resort. The unit has been recently upgraded throughout with new carpet, paint, flat screen TVs and more! The 24 hour gated and guarded Caribbean-style resort features several heated pools with Jacuzzi’s throughout the property, a clubhouse with front desk check in, fitness center, day spa, restaurant & bar, lakeside sandy Beach with fishing dock, beach volleyball, Tradewinds Restaurant, nature trails throughout the property, tennis, playground and basketball. What more can you ask for? The property is well booked through the in house management company and the bookings may convey to the new owner.
Listing details: FLORIDA REAL ESTATE WIZARDS.

More Details:

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Buying Property In Florida? We Have Our Limitations!

by CFE Team

Note: We posted an article on another one of our web sites a few months ago and, because the content is so relevant to buyers from the UK, we’ve decided to add it here. We hope that you find it useful!

Call it a Disney vacation home, a Florida vacation home, or an Orlando vacation home . . . the decision to invest in a vacation home is a big undertaking for most people and we pride ourselves on being able to provide the broadest possible help to potential buyers in their endeavors. But we want to be absolutely clear – there are some things that we will not do . . . even if it means losing a sale:

1. We won’t recommend ‘guaranteed’ schemes
“Guaranteed income programs are the way to go!” – we had one client earlier this week who told us that he had received details of condos with a guaranteed income yielding a net return of 6% to 7%. Our response to him (as it is to anyone tempted to be taken in by such “guarantees”) was to advise him to run like crazy from these. We’ve seen other heavily-promoted schemes this week for new Orlando vacation homes that offer the same trap for the gullible and unwary. We will never advise you to make one of the most important and expensive purchases in your life based upon an offer that is not only a severe misrepresentation, but also illegal. It’s no different than your stock broker offering you a stock and urging you to buy it because it offers a guaranteed rate of return of 14%. Its a violation of the SEC rules and should immediately make you run the other way. We love the Florida sunshine and the Orlando Vacation home concept and really believe in it. We have many, many happy Florida vacation home owners. Not one of them bought into the “Guaranteed Income and Return Progams”!

2. We won’t use fantasy financial figures
“Vacation home deals close to the theme parks – median price just above $100,000” – a national news website this week used statements by one local Broker to suggest that median home prices were in the low $100,000s and few homes were above $250,000. Clever wording was used to make it seem like these numbers related to homes close to the theme parks and communities with swimming pools, golf courses and other amenities. Some people may be duped into believing the numbers. The truth is that recent sales figures show a very different story: the median price is 75% or more above the number quoted. And many homes, a fifth if them or more, sell for more than $250,000. So we advise you very strongly to ignore the false numbers on the national news websites and look more carefully. We have found that the real values are usually hidden. No one knows about them or they may have been overlooked due to rabid searches for properties valued at half price. We can show you where the best deal and value is, but it is rarely (if ever) in the $100k range.

3. We won’t keep part of the story from you before you buy and then abandon you once you’ve bought your home
“Vacation homes are a great hands-off investment: buy your home and then ignore it while it makes money for you” – so goes the tale from some people who make money by selling property. Well, you can and you should find yourself a good property manager and expect him or her to care for your home. And maybe even generate you some rental income, if that’s what you want. But the most successful vacation home owners are those who make sure they are well-informed ahead of their purchase and then treat it as a business once they own. So taking no interest in your fine new home is something that we can’t advise you to do, unless you have no concern about how fast your property can deteriorate and how much running and maintenance costs can rise to. We will show you how to generate the most income from your home, what the full range of running costs are likely to be and how to make a success of your investment. And we will be there after you’ve bought – as our clients over many years can confirm.

So let’s get a little more positive. If the words above describe what we won’t do, what exactly can we offer that’s of benefit to you?

In summary, we can help with everything from start to finish when you are looking for a Central Florida home, including:

Identifying which homes match your requirements
How to get your home for the best price
How to set it up to meet your ownership and rental needs
Questions to ask prospective management companies
The full and uncensored picture on ownership costs.
How to be totally happy with your Orlando Vacation home by setting it up for success.

And . . . . all of that costs you zero, because in Florida, real estate fees are paid for by the Seller. So you get professional help with your purchase, at no cost to you.

Having read this, do you have any questions or feedback? If so, contact us here.

The Myths Of Guaranteed Investment Property

You’ve probably seen web pages with enticing offers about guaranteed investment property in Florida:

Double your money in two years!

Let the renters pay for your second home!

Pay us $5,000 up front now you’ll get $50,000 in rentals!

Well, we can’t over-stress this:

Watch out – if it seems too good to be true, it probably is!

Florida is a great place to buy a piece of real estate, and guaranteed investment property is a fabulous goal – but you need to be more wary about these offers than almost any other purchase you’ve ever entered into.

Need more convincing? Here is an extract from the Orlando Sentinel on April 29th 2006:

Kissimmee attorney receives 5 years in prison
A suspended Kissimmee attorney has been sentenced to five years in prison for his participation in a fraudulent investment scheme.
S. Craig Wakefield must pay victims more than $220,000 in restitution after pleading guilty to one count of racketeering and a count of securities and investment fraud.
Wakefield . . . . solicited investors from all over the country, telling them they would receive a “guaranteed” return of 10 percent to 12 percent on their investments. Wakefield and his accomplices collected more than $376,000, but the victims never received promised returns.

This is just one example. Nearly 10 years on from that example, the risks are just the same and the promises just as disingenuous.

Need more convincing? Well, don’t take our word, how about the US government. Check out this SEC web page that includes the fairly plain advice:

Be highly suspicious of any “guaranteed” investment opportunity.

This is targeting financial and stocks and shares schemes, but the principles are equally as valid for real estate investment. And when it comes to Florida, we’ve seen many otherwise-careful buyers suspend their judgement because of the lures of the the sun and the lifestyle.

So . . . . you have been warned!

We strongly believe that, whether it’s Florida investment property, company shares or whatever, the promise of guaranteed income is more than likely a high-risk lure. And that’s whether you are talking to an attorney, a Realtor or anyone. We also believe that it’s illegal under Florida law – but do let us know if we’re wrong on that!

Buying Florida Property? Here’s Some Advice To Get You Started

by CFE Team

Whether you’re buying The Florida property to use for your own holidays or simply as an investment to broaden your portfolio, it can be an exciting experience. If it’s a Discrimination holiday home you’re looking for, you get a place of your own in the Florida sunshine with the space and comfort that no hotel can Clothes offer. If you’re buying as an investment, the choices are widespread and the wholesale nba jerseys potential is enormous.

But your chances of success are tremendously increased if you just get the basics right from the beginning.

“Basics”?

Well, there are many ways to approach the buying process but most successful buyers that we’ve talked to and worked with (and that’s a lot) have reported that a focus on the following key points was fundamental to making the right choices:

1. Research is essential.

The Internet provides an excellent source of Florida property information, for example:

A simple Google search using phrases such as “buying Florida property”.
Surfing the sites of local newspapers (e.g. orlandosentinel.com) Florida will generate even more data.
Specialist sites such as realtor.com or rightmove.co.uk have seemingly countless listings Links of properties.

2. Lots of web content is out of date and downright misleading.

Take what you read with a pinch of salt and be determined to verify whatever you read. And maintain an open mind until you actually visit the properties you’ve already seen on-line. For example, you would never know that the highly-desirable bargain-priced luxury home is overlooked by a motorway flyover unless you saw for yourself – however well-presented the Right web site is and no matter how convincing the sales person! (And that’s a real-life example, in case you’re wondering!).

3. Understand the process

Terms, conditions and the overall process are very different in Florida, compared to the UK. For example, the legal commitment to buy takes place at a very early stage in the Florida system, so you need to know what your rights and obligations are before agreeing to purchase. And what happens after you’ve “exchanged contracts”?

4. Sort out your financing up-front

If you’re like most buyers and you’ll be raising a part of the purchase price via a loan, consider in advance whether you will raise this in the UK (e.g. through a re-mortgage of your existing UK home) or by taking out a US mortgage. Both options have pros and cons – think carefully about what meets your needs the best and speak to someone who can explain the pros and cons.

5. Get some help

Independence is fine, commendable and very British, perhaps – but unless you know the local market, the buying process and the pitfalls to avoid, the price of your independence could be high. And think about this: how well would the average US citizen coming over to buy for the first time in the UK do without any advice and guidance? So cut down on the risks by finding a local Florida Realtor wholesale jerseys to advise you: under the Florida system, Realtor fees are almost always paid out of the Seller’s funds, even when that Realtor is acting solely on the Buyer’s behalf. It may sound strange to UK buyers, but if the help is free, why not use it? Find a Realtor who nfl you are comfortable wholesale nba jerseys working with and who does not pressure or manipulate you into buying.

All of the above is obviously a very brief summary and it only scratches the surface. For more free information and advice, Contact Us for more information.

Buying Florida Property – Frequently Asked Questions

by CFE Team

What wholesale nfl jerseys are cheap jerseys China the cheap jerseys most 雨の砂漠 frequently-asked Itaú questions r from clients seeking our free advice? We’ve listed just a few below, covering a number of years, and some of these are now outdated, as you will see. So use this Contact page to ask us for the latest information.

Are there bargains to be found right now?

Yes. There are many, many homes for sale, equivalent to almost a full year’s sales in the Orlando area (Note: this was true at the time it was written – but as of 2015, we’re down to around 3 or 4 months’ supply). Sellers are increasingly realistic in setting prices and accepting offers. Builders are immensely more flexible than they were one to two years ago. Added to that, the dollar/pound exchange rate means that homes represent even more value-for-money than they have done for a long time. (Also not quite the same advantageous level right now!).

So every seller is prepared to accept a big price cut?

Not all owners, by any means. The old rules still apply – “special” Florida property (e.g. with water or conservation views) is still scarce and these sellers still drive a harder bargain. Some are even prepared to hold on until the market changes rather than take a low price now. So if you’re coming to Florida soon: by all means expect to make offers below the asking price, but don’t be too surprised if the owners of that especially-exquisite home are tougher to bargain with than you’ve been lead to expect.

What is the likely trend in prices?

There are opposing views. Some pundits believe we’ve reached the bottom and now is the time to buy. Others believe that the weaknesses will continue into 2008. One point to bear in mind: be careful that, by the time upward trends are obvious, it’s not too late to find a bargain. (Note: times have indeed changed – in the 24 months ending December 2014, the Orlando area median price increased by 28%).

After all of this year’s mortgage problems, is US financing available?

Lots of lenders have now abandoned the vacation home market, but some lenders are still actively servicing international buyers, although they are looking for higher (25% or more) deposits than before and they apply more rigourous conditions.

Is it cheaper to raise finance in the UK or the USA?

The answer will vary with individual circumstances, but it it may well be less expensive to raise finance in the UK – rates are coming down in US but premiums for overseas borrowers remain. In addition, fees and “closing costs” are generally reduced if a Florida property is purchased as a cash sale.

This is of course only an overview of conditions at the time that the answers were written. For free help and guidance tailored to your own individual plans for buying Florida property, check out our Home Page and read more.

Davenport, Florida: $99,900

Buying Property In Florida? We Have Our Limitations!

The Myths Of Guaranteed Investment Property

You’ve probably seen web pages with enticing offers about guaranteed investment property in Florida:

Buying Florida Property? Here’s Some Advice To Get You Started

Buying Florida Property – Frequently Asked Questions

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