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Bolstered by news of a weak economy, you may feel like now is the time to get that deal down south you’ve been waiting for. But what’s the market really like? And how do you comfortably navigate the complexities of real estate in another country? 

“Investing outside of your own country can be rewarding, but should be approached with caution, says Carla Rayman, a certified international property specialist with Coldwell Banker Residential Real Estate (yourglobalagents.com) in Sarasota, Fla. 

Here, Rayman provides valuable tips on making that important purchase.

Truth #1: Every market is different
The poor economy may be reflected in some communities, but even markets eight kilometres from each other can vary vastly in price, cautions Rayman, who is also a presidential liaison to Panama for the National Association of Realtors. “The national news can leave the impression that all markets are the same,” she says. “Every state has a different market, every city in that state and every neighborhood in that city.” 

Truth #2: Distressed properties and bulk deals no longer exist
This is one misconception that Rayman cautions against. “The few [properties] that do come on the market are receiving 20 offers in the first three days,” she says. “The person whom the bank chooses is typically the one who has an offer over list price, cash, a quick closing and few or no contingencies.”

Truth #3: Work with a trusted agent 
The Internet may provide a wealth of information and opportunities, but a professional who knows the area and who is also used to dealing with foreign buyers, will be better able to help guide you through the process. “A good agent knows which areas and types of properties that will work best for the investor based on their goals,” says Rayman, who herself works with a team of professionals who consult the buyer or seller on items such as tax implications, currency exchange, how to properly take title and immigration.  

Truth #4: Do your due diligence
You may be excited by a prospect, but don’t allow your emotions to cloud your vision.
“Due diligence is critical, and while time may be of the essence, be smart about how your contract is written,” says Rayman. Here are some factors an agent can help you with: 

  • • Have a clear understanding of when deposits are due, how much of your money will be at risk and what the consequences are if you or the developer cannot perform.
  • • Get the financials of the condo/homeowners’ association to ensure the strength and sustainability of the development.
  • • Get everything in writing: all timeframes, changes, upgrades, amenities, fees, community rules and regulations, etc.
  • • A developer who discourages you working with an attorney or real estate agent may not have your best interests at heart.
  • • Verify zoning and what can or cannot be built around you or in front of you that could affect property values.

Posted by Carla Rayman, CIPS, TRC, GRI, RSPS, e-PRO on December 7th, 2012 5:20 PMPost a Comment (0)

You’ve made the commitment to own a little piece of paradise down south. But, how do you choose where to go? Before you start seriously considering any listings, you need to have a clear vision of what you want out of your vacation property – and the area as a whole.

Here are some tips to get you started. 

Location, location, location
The process of deciding where you end up is not as easy as flipping a coin. There are some serious considerations to take into account. Do you want to stay in the United States or venture even further south? Are you happy being in the middle of nowhere, or would you prefer a more cosmopolitan destination?

Carla Rayman, a certified international property specialist with Coldwell Banker Residential Real Estate (yourglobalagents.com) in Sarasota, Fla., has identified the following snowbird hot spots:

  • • Florida
  • • Arizona
  • • Panama (Panama City, Pedasi)
  • • Costa Rica (Guanacaste region)
  • • Mexico (Yucatan Peninsula)

Pay a visit to paradise
Find friends or fellow snowbirds who can recommend areas they’ve visited themselves. Once you commit, you’ll be making the effort to spend a lot of time in your new home away from home. You want to make sure you like it there beyond one visit. It’s worth the expense to spend a couple of winters in your dream destination to familiarize yourself with day-to-day life. “A lifestyle buyer really needs to tour the state [or country] first before seeing properties,” recommends Rayman. For example, it takes about 10 hours to drive top to bottom in Florida itself. That’s a lot of options. 

Make a wish list

The same tips to owning real estate here at home apply to your destination – but perhaps with more of an emphasis on leisure. Here are examples of what might be on your list: Budget, including fees
  • • Beachfront or proximity to a beach
  • • Space for guests
  • • Room to entertain
  • • Close to shops and restaurants
  • • Kid-friendly
  • • Fully furnished versus furnish yourself
  • • Safe neighbourhood

Once you have your list, establish which items you are not willing to compromise on and which ones you can be flexible about.

Enlist an agent
Googling will only get you so far. Once you’re serious, hiring a reliable agent with your best interests in mind will help turn your dream into reality. “Finding a property is the easiest part of any international transaction,” says Rayman. “Working with an agent to guide you through the process is key.”

Posted by Carla Rayman, CIPS, TRC, GRI, RSPS, e-PRO on December 7th, 2012 5:19 PMPost a Comment (0)

December 6th, 2012 5:45 PM

… so says Fred Redwood of the Sunday Times, in his article of 2nd December, 2012. Many thanks to our customer Steve Kingshott from Wimbledon who is quoted in the article saying great things about Sarasota and his property investments here. British golfer Justin Rose also comments on the luxury lifestyle available in Orlando. Rising prices in Palm Beach and Miami are discussed with some luxury developments in Miami raising prices as demand grow significantly.

Read the entire story here.


Posted by Carla Rayman, CIPS, TRC, GRI, RSPS, e-PRO on December 6th, 2012 5:45 PMPost a Comment (0)

This week the Bradenton Herald reported on the local sports scene that is catching the eye of the international world. Nick Williams reports for the paper.

LAKEWOOD RANCH -- Lakewood Ranch is rapidly becoming a world renowned sports destination, and several Manatee and state-wide sports officials say the East Manatee community may become a premier magnet for sports tourism.

Aided by the attention brought to the area by IMG's Sports Training Academy in Bradenton and the Florida World Aquatic Center at Nathan Benderson Park in Sarasota, Lakewood Ranch can host national and international events in soccer, football, golf, lacrosse, cross country, polo and non-mainstream sports like Ultimate Frisbee, all of which equate to millions of dollars spent in the sports tourism industry.

During the past 18 months, Lakewood Ranch has hosted national and international events at its $2.5 million, 22-soccer field facility sitting on 75 acres near the intersection of State Road 70 and Lorraine Road. Officials with Schroeder-Manatee Ranch, the developer of Lakewood Ranch, say the events have brought more than 100,000 visitors this year to the Manatee-Sarasota area and generated $65 million in economic impact.

Opened in April 2011, The Premier Sports Campus at 5895 Post Blvd., Lakewood Ranch, has already been used by U.S. Soccer, the national governing body of soccer, Major League Soccer's DC United and several youth and minor sport organizations. When U.S. Soccer returns to the campus this month for a week-long showcase, it will be aired on FoxSoccer, a specialty channel owned by Fox Entertainment.

If things go as planned, similar events scheduled at the campus, as well as the Sarasota Polo fields, will be broadcast to millions around the globe.

"We've been receiving interest from the NCAA and other college divisions, and because we will have a stadium, those events will be televised as well," said Tim Mulqueen, director of sports at Lakewood Ranch.

Officials at SMR are planning to make improvements to accommodate large events that will solidify the sports campus as an international, multi-use facility for training and sports events.

Read more here: http://www.bradenton.com/2012/11/19/4284583/lakewood-ranchs-sports-culture.html#storylink=cpy


Posted by Carla Rayman, CIPS, TRC, GRI, RSPS, e-PRO on November 19th, 2012 8:43 AMPost a Comment (0)

Members of the Sarasota Association of Realtors® sold 719 properties in October 2012, a robust 24 percent increase over last October's figure of 577 total sales. The sales total was also 10.9 percent higher than in September, when 648 properties changed hands.
 
The category totals were 516 single family homes and 193 condos sold, compared to last October when only 412 single family and 165 condos were sold. Over the last several years, the local real estate market has witnessed sales lulls in September and October. But this year, the market has remained busy and healthy in the early fall, following a very active summer. Foot traffic at open houses has remained strong and multiple offers on available properties have become routine. The inventory - at the lowest levels in a decade - is partially responsible for this trend, along with the improving economy.
 
"It appears from all signs that the Sarasota real estate market is in full recovery mode, and our members are remaining very busy helping clients buy and sell property," reported SAR President Laura Benson. "This is probably the optimum time to list your home, if you've considered selling during the recent time period. The season is almost upon us, and our winter residents and visitors will begin to arrive soon."
 
The available inventory of homes on the market remained at near the decade low, rising slightly to 3,517 from last month's 3,460 (which was the lowest recorded inventory since 1998). In October 2011, the inventory was at 4,525 properties for sale - more than 20 percent higher than the current total.
 
Pending sales (which represent properties that went under contract during the month) increased in October 2012 to 954 from September's total of 844. Last October there were only 772 pending sales reported. This year's activity is 24 percent higher than last year at this time. Pending sales are a good indicator of future closings.
 
"When I talk with agents, I sense a feeling of optimism and renewed energy," said Benson. "We are now well past the low point of the market downturn, and while the future is never certain, the coming season appears to be headed in the right direction."
 
The median sale price for single family homes in October 2012 was at $176,000, up somewhat from the September 2012 figure of $169,950, while condo prices dropped to $160,000 from last month's figure of $175,400. Last year at this time, median prices were at $149,838 for single family homes and $143,000 for condos. Prices are 17 percent higher for single family and 11.9 percent higher for condos.
 
The median price for single family homes for the past 12 months was at $171,000, and for condos the figure stood at $170,000. Last year at this time, the 12-month rolling median prices were at $156,000 for single family homes and $161,000 for condos. The numbers continue to indicate a gradual upward price trend.
 
For the year-to-date median prices, encompassing the first 10 months of 2012, the picture was also improving - $174,000 for single family and $177,500 for condos. Last year at this time, the figures were $155,000 for single family and $162,000 for condos (12.3 percent improvement for single family, and 9.5 percent better for condos).
 
The months of inventory remained near 10-year lows. The October figures were 4.4 months of inventory for single family homes and 6.4 months for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last October, there were 7.1 months of inventory for single family homes and 9.7 months of inventory for condos. At the worst point of our market in November 2008, there were 24 months of inventory for single family homes and 41.7 months for condos.
 
Currently, only 519 properties for sale in the MLS are listed as short sales or foreclosures, down slightly from last month's figure of 534 properties. This represents about 14.8 percent of available properties, down from last month's figure of 15.4 percent and down from the start of the year when the figure represented 17 percent of the market.

Click HERE for the complete press release in PDF format, plus several pages of statistical charts 


Posted by Carla Rayman, CIPS, TRC, GRI, RSPS, e-PRO on November 16th, 2012 5:43 PMPost a Comment (1)

Homes in Orlando are coming under contract an average of 25 percent faster than this time last year — and at a speed not seen since the tail end of the red-hot market in 2005-2006 — reports the Orlando Regional REALTOR® Association. Homes spent an average of 79 days on the market in October, which is a 25.47 percent drop from the 106 days homes spent on the market in October 2011.

In addition, buyers are purchasing more homes and paying more for them. Sales of homes in the Orlando area jumped 14 percent in October when compared to October of last year, boosted by a nearly 30 percent leap in the number of normal sales transactions. The median price increased 9.24 percent to $122,900, from October 2011’s median price of $112,500.

"We’ve seen significant, steady improvements in sales and median price throughout 2012, and Orlando’s housing market recovery should continue through the coming years," says ORRA Chairman Stephen Baker, RE/MAX Central Realty. "However, it’s crucial that there are no further limitations on the availability of mortgage credit."

All sales types experienced year-to-year increases in median price in October. The median price of normal sales increased 4.61 percent, while the median price of foreclosures increased 8.44 percent and short sales increased 7.37 percent.

Completed Sales

Members of the Orlando Regional REALTOR® Association participated in 2,434 home sales that closed in October 2012, an increase of 14.17 percent compared to October 2011 and a 6.01 percent increase compared to September 2012.

Compared to October of 2011, the number of short sales decreased 1.36 percent and foreclosures increased 9.36 percent. The number of completed traditional sales, however, jumped a 29.86 percent compared to last year.

Homes of all types spent an average of 79 days on the market before coming under contract in October 2012, and the average home sold for 96.29 percent of its listing price. In October 2011 those numbers were 106 days and 94.66 percent, respectively.

The average interest rate paid by Orlando homebuyers in October, 3.49 percent, set yet another record as lowest average interest rate since ORRA began tracking the statistic in 1989. A year ago, homebuyers paid an average interest rate of 4.21 percent.

Pending Sales

Pending sales – those under contract and awaiting closing – are currently at 9,252. The number of pending sales in October 2012 is 3.52 percent higher than it was in October 2011 (8,937) and 0.17 percent lower than it was in September 2012 (9,268).

Short sales, which take much longer to process from contract to close, made up 68.42 percent of pending sales in October 2012. Normal properties accounted for 20.36 percent of pendings, while bank-owned properties accounted for 11.22 percent.

Inventory

The number of existing homes (all types combined) available for purchase in Orlando is continuing a steady decline that began back in July 2010 at 16,563 and now rests at 8,094. In October 2012, inventory was 18.84 percent less than it was in October 2011.

The inventory of single-family homes is down by 21.49 percent when compared to October of 2011, while condo inventory has decreased by 3.57 percent.

The month-of-supply decreased in October when compared to last month: Current inventory combined with the current pace of sales equates to a 3.33-month supply of homes in Orlando (there was a 3.52-month supply in September 2012).

Affordability

This month’s decrease in median price has led to an increase in Orlando’s affordability index: The October index of 258.44 percent is seven points higher than September 2012’s index of 251.25 percent. (An affordability index of 99 percent means that buyers earning the state-reported median income are 1 percent short of the income necessary to purchase a median-priced home. Conversely, an affordability index that is over 100 means that median-income earners make more than is necessary to qualify for a median-priced home.)

Buyers who earn the reported median income of $54,701 can qualify to purchase one of 4,650 homes in Orange and Seminole counties currently listed in the local multiple listing service for $317,625 or less.

First-time homebuyer affordability in October increased to 183.78 percent from last month’s 178.67 percent. First-time buyers who earn the reported median income of $37,197 can qualify to purchase one of the 3,338 homes in Orange and Seminole counties currently listed in the local multiple listing service for $191,987 or less.

Condos and Town Homes/Duplexes/Villas

The sales of condos in the Orlando area increased by 2.33 percent in October when compared to October of 2011 (352 to 344).

The most (100) condos in a single price category that changed hands in October were yet again in the $1 - $50,000 price range and accounted for 28.41 percent of all condo sales.

Orlando homebuyers purchased 190 duplexes, town homes, and villas in October 2012, which is a 10.80 percent decrease compared to October 2011. Most (48) fell equally within the $100,000 - $120,000 and the $120,000 - $140,000 price range categories.

MSA Numbers

Sales of existing homes within the entire Orlando MSA (Lake, Orange, Osceola, and Seminole counties) in October were up by 9.72 percent when compared to October of 2011. Throughout the MSA, 2,890 homes were sold in October 2012 compared with 2,634 in October 2011. To date, sales are down 0.92 percent for all counties combined.

Each individual county’s monthly sales comparisons are as follows:

Lake: 22.49 percent above October 2011 (403 homes sold in October 2012 compared to 329 in October 2011);

Orange: 9.63 percent above October 2011 (1,468 homes sold in October 2012 compared to 1,339 in October 2011);

Osceola: 4.69 percent below October 2011 (447 homes sold in October 2012 compared to 469 in October 2011); and

Seminole: 15.09 percent above October 2011 (572 sold in October 2012 compared to 497 in October 2011). 

For detailed statistical reports, please visit the"Market Info" section of www.orlrealtor.com.

This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the My Florida Regional Multiple Listing Service. Neither the association nor MFRMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or MFRMLS may not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.

ORRA REALTOR® sales, referred to as the core market, represent all sales by members of the Orlando Regional REALTOR® Association, not necessarily those sales strictly in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.

Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.


Posted by Carla Rayman, CIPS, TRC, GRI, RSPS, e-PRO on November 16th, 2012 2:04 PMPost a Comment (0)

Members of the Sarasota Association of Realtors® sold 648 properties in September 2012, up almost 14 percent from last September, when only 570 transactions were closed. The figure was down almost 21 percent from the 819 sales in August 2012, continuing the historic trends that normally show a sales lull in the early autumn.

The category totals were 500 single family homes and 148 condos sold, compared to last September when only 430 single family and 140 condos were sold. This summer was an exceptional one for local Realtors® who normally have a respite after the spring season. This year, traffic at open houses has been heavy and multiple offers on available properties have become the norm. Part of the reason for this has been the continuing decline in the inventory of available properties on the market.

“Our inventory is now down to 3,460 – the lowest level since 1998,” reported SAR President Laura Benson. “The downward trend in inventory started four years ago, when we had over 9,500 properties for sale. We have a great demand for homes and potential sellers should know it’s a great time to list their properties.”

The available inventory of homes on the market once again dropped to yet another decade low, about 1 percent below last month’s total of 3,504. Last year at this time, the inventory was at 4,430 properties for sale – more than 20 percent higher than the current total.

Pending sales (which represent properties that went under contract during the month) dropped somewhat in September 2012 to 844 from last month’s total of 953. But the figure was still higher than last September, when there were 723 pending sales reported. This year’s activity is 16 percent higher than last year at this time. Pending sales are a good indicator of future closings.

“There is a lot of good news out there in the Sarasota marketplace, and the real estate industry has returned to a much healthier place than we were four or five years ago,” said Benson. “For the agents who experienced the down times, this has become a great period of rebound for the market.”

The median sale price for single family homes in September 2012 was almost identical to August 2012 at $169,950, while condo prices surged to $175,400 from last month’s $149,000. Last year at this time, median prices were at $165,000 for single family homes and $140,000 for condos.

Examining the longer trend lines, the median price for single family homes for the past 12 months was at $170,000. For condos, the median for the past 12 months stood at $167,250. Last year at this time, the 12-month rolling median prices were at $157,500 for single family homes and $163,000 for condos. The numbers indicate a gradual upward price trend.

For the year-to-date median prices, encompassing the first nine months of 2012, the picture was even brighter - $174,000 for single family and $178,800 for condo. The figures were both higher than last year at this time, when they were at $156,100 for single family and $165,000 for condos (11 percent and 8 percent higher, respectively).

Across the nation, prices are continuing to strengthen, according to the CoreLogic Home Price Index (HPI). The index showed that home prices nationwide, including distressed sales, increased on a year-over-year basis by 4.6 percent last month. This change represents the biggest year-over-year increase since July 2006. The analysis showed that all but six states are experiencing price gains.

The months of inventory remained near 10-year lows. The September figures were 4.4 months of inventory for single family homes and 8.5 months for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last September, there were 6.7 months of inventory for single family homes and 11.1 months of inventory for condos. At the worst point of our market in November 2008, there were 24 months of inventory for single family homes and 41.7 months for condos.

Currently, only 534 properties for sale in the MLS are listed as short sales or foreclosures, down about 6 percent from last month’s figure of 570 properties. This represents about 15.4 percent of available properties, down from last month’s figure of 16.3 percent and down from the start of the year when the figure represented 17 percent of the market.

Click HERE for the complete press release, including several pages of statistical charts.


Posted by Carla Rayman, CIPS, TRC, GRI, RSPS, e-PRO on October 17th, 2012 4:02 PMPost a Comment (0)

The median price of Orlando homes sold in September jumped 11.11 percent to $125,000, spurred by a significant increase in the number of traditional transactions and the higher prices generated by that sales type. Orlando's median price has now posted positive year-to-year gains for 14 consecutive months.

In addition, the median price increased 3.91 percent over the August 2012 median price of $120,300.

All sales types experienced year-to-year increases in median price in September. The median price of normal sales increased 6.67 percent, while the median price of foreclosures increased 4.32 percent and short sales increased 1.01 percent.

Completed Sales

Members of the Orlando Regional REALTOR® Association participated in 2,258 home sales that closed in September 2012, a slight increase of 0.67 percent compared to September 2011 and a 16.43 percent decrease compared to August 2012.

"There is no doubt that our dip in sales is caused of a lack of inventory and not by a lack of buyers,” explains ORRA Chairman Stephen Baker, RE/MAX Central Realty. "The demand is there.”

Compared to September of 2011, the number of short sales decreased 21.07 percent and foreclosures decreased 6.63 percent. The number of completed traditional sales, however, jumped a whopping 25.84 percent compared to last year.

Homes of all types spent an average of 84 days on the market before coming under contract in September 2012, and the average home sold for 95.80 percent of its listing price. In September 2011 those numbers were 102 days and 93.88 percent, respectively.

The average interest rate paid by Orlando homebuyers in September, 3.58 percent, set yet another record as lowest average interest rate since ORRA began tracking the statistic in 1989. A year ago, homebuyers paid an average interest rate of 4.19 percent.

Pending Sales

Pending sales – those under contract and awaiting closing – are currently at 9,268. The number of pending sales in September 2012 is 1.08 percent lower than it was in September 2011 (9,369) and 1.00 percent lower than it was in August 2012 (9,362).

Short sales, which take much longer to process from contract to close, made up 69.49 percent of pending sales in September 2012. Normal properties accounted for 19.80 percent of pendings, while bank-owned properties accounted for 10.71 percent.

Inventory

The number of existing homes (all types combined) available for purchase in Orlando is continuing a steady decline that began back in July 2010 at 16,563 and now rests at 8,073. In September 2012, inventory was 18.71 percent less than it was in September 2011.

The inventory of single-family homes is down by 22.86 percent when compared to September of 2011, while condo inventory has increased by 9.82 percent.

The month-of-supply increased in September when compared to last month: Current inventory combined with the current pace of sales equates to a 3.58-month supply of homes in Orlando (there was a 3.01-month supply in August 2012).

Affordability

This month's increase in median price has led to a decrease in Orlando's affordability index: The September index of 251.05 percent is three points higher than August 2012's index of 254.09 percent. (An affordability index of 99 percent means that buyers earning the state-reported median income are 1 percent short of the income necessary to purchase a median-priced home. Conversely, an affordability index that is over 100 means that median-income earners make more than is necessary to qualify for a median-priced home.)

Buyers who earn the reported median income of $54,644 can qualify to purchase one of 4,719 homes in Orange and Seminole counties currently listed in the local multiple listing service for $313,810 or less.

First-time homebuyer affordability in September decreased to 178.52 percent from last month's 180.69 percent. First-time buyers who earn the reported median income of $37,158 can qualify to purchase one of the 3,393 homes in Orange and Seminole counties currently listed in the local multiple listing service for $189,681 or less.

Condos and Town Homes/Duplexes/Villas

The sales of condos in the Orlando area increased by 4.78 percent in September when compared to September of 2011 (351 to 335).

The most (109) condos in a single price category that changed hands in September were yet again in the $1 - $50,000 price range and accounted for 31.05 percent of all condo sales.

Orlando homebuyers purchased 196 duplexes, town homes, and villas in September 2012, which is an 18.67 percent decrease compared to September 2011. Most (27) fell within the $120,000 - $140,000 price range.


MSA Numbers

Sales of existing homes within the entire Orlando MSA (Lake, Orange, Osceola, and Seminole counties) in September were down by 3.58 percent when compared to September of 2011. Throughout the MSA, 2,670 homes were sold in September 2012 compared with 2,769 in September 2011. To date, sales are down 2.14 percent for all counties combined.

Each individual county's monthly sales comparisons are as follows:

Lake: 3.72 percent above September 2011 (362 homes sold in September 2012 compared to 349 in September 2011);
Orange: 4.37 percent below September 2011 (1,378 homes sold in September 2012 compared to 1,441 in September 2011);
Osceola: 16.01 percent below September 2011 (404 homes sold in September 2012 compared to 481 in September 2011); and
Seminole: 5.62 percent above September 2011 (526 sold in September 2012 compared to 498 in September 2011).
This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the My Florida Regional Multiple Listing Service. Neither the association nor MFRMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or MFRMLS may not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.


ORRA REALTOR® sales, referred to as the core market, represent all sales by members of the Orlando Regional REALTOR® Association, not necessarily those sales strictly in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.


Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.


Posted by Carla Rayman, CIPS, TRC, GRI, RSPS, e-PRO on October 16th, 2012 11:27 AMPost a Comment (0)

British-born Patricia Tan is an estate agent in Florida for Your Global Agents, part of the Coldwell Banker realtor network.

She says: ‘Pure investors are buying near bigger towns and centres of employment, which is where the yields are best. But buyers wanting to spend time there themselves are choosing traditional spots like Sarasota, Naples and Palm Beach.’

Tan was in Britain last month rustling up new business. ‘People have been cutting back and saving for years because of the crisis, but now they’re loosening up,’ she says.

Read more: http://www.dailymail.co.uk/money/mortgageshome/article-2217272/We-pleasantly-surprised-prices-dropped-Britons-hunt-property-bargains-Florida.html#ixzz29NWDmytD

Follow us: @MailOnline on Twitter | DailyMail on Facebook


Posted by Carla Rayman, CIPS, TRC, GRI, RSPS, e-PRO on October 15th, 2012 10:33 AMPost a Comment (0)

This week the Orlando Busniness Journal reported "Florida created 23,200 nonagricultural jobs in the month of August, ranking the Sunshine State second in the nation for job creation, according to new data from the U.S. Bureau of Labor Statistics, the Florida Department of Economic Opportunity reports.

Texas had the largest month-over-month increase in job creation, with 38,000 new jobs created in August.

This is the 11th month-to-month positive job growth the state of Florida has seen in the past 14 months and positive annual job growth for 25 consecutive months, according to the report.

Florida also had a total of more than 28,000 new private sector jobs created in August, which was the highest month-over-month change since April 2011."

Read the enire story here.


Posted by Carla Rayman, CIPS, TRC, GRI, RSPS, e-PRO on September 28th, 2012 9:53 PMPost a Comment (0)

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