Chicago and Southern Illinois Real Estate Happenings

The statistics for last month show many owners of
central Florida real estatewaited till the holidays
were over to put homes on the market or re-list
homes for sale. Historically this always happens, but
there are some interesting things to look at:

• The median home price has continued to decline
  and last month it declined by over $2700.00 from
  $225,000.00 to $222,250.00. That is not good for
  sellers, but it is GREAT for buyers.
• Along with the median property price decline, the
  home affordability index is over 100%. Specifically,
  it is at 104% Which means at the median take
  home pay of central Floridians who are making
  at least $51,000 per yer, EVERYONE can afford 
  to purchase a home! And that is GREAT NEWS!!
• The first time buyer affordability index rose also
  to 74.6%. Things are getting better and better
  out there!!
• The number of homes under contract rose by 200
  month to month, showing that activity is increasing.
• The average interest rate on a 30 year fixed rate
  mortgage was 5.6%, continuing a downward trend
  started in August of 6.6%..... EVERYTHING is LOOKING
  GOOD!

Here is what properties sold in Lake, Orange, Osceola, and Seminole
counties, giving the price ranges for each:

This is what is currently for sale in Lake, Orange, Osceola, and
Seminole counties and the price ranges for each --
I'm sure there is a price range right for YOU!

Here is the list of Condominiums for sale in Lake, Orange,
Osceola and Seminole Counties..... there is a price range right for you!

• $1 - $49,999 --28 Condominiums for sale

• $50 - $59,999 --15 Condominiums for sale

• $60 - $69,999 --28 Condominiums for sale

• $70 - $79,999 --70 Condominiums for sale

• $80 - $89,999 --84 Condominiums for sale

• $90 - $99,999 --117 Condominiums for sale

• $100 - $119,999 --281 Condominiums for sale

• $120 - $139,999 --552 Condominiums for sale

• $140 - $159,999 --539 Condominiums for sale

• $160 - $179,999 --510 Condominiums for sale

• $180 - $199,999 --392 Condominiums for sale

• $200 - $249,999 --567 Condominiums for sale

• $250 - $299,999 --308 Condominiums for sale

• $300 - $349,999 --155 Condominiums for sale

• $350 - $399,999 --138 Condominiums for sale

• $400 - $499,999 --137 Condominiums for sale

• $500 - $599,999 --70 Condominiums for sale

• $600 - $699,999 --46 Condominiums for sale

• $700 - $799,999 --41 Condominiums for sale

• $800 - $899,999 --26 Condominiums for sale

• $900 - $999,999 --21 Condominiums for sale

• $1,000,000 and over --59 Condominiums for sale

Here is the list of Villas, Townhouses, and Duplexes for sale in
Lake, Orange, Osceola and Seminole Counties......

(INVESTORS should be VERY interested in these numbers): 

As you can see, there is a single family home, townhouse, condominium,
villa or duplex within your price range. With OVER 25,000 homes for sale in the
4 county central Florida real estate area, there is a perfect home for you!

This timely post on the central florida real estate
marketplace is brought to you by:

Alexander Harb PSEM®, E-Agent®
The Knights Team Sales Leader

Beach and Luxury Realty Inc.

I have been called by a reporter for the local central Florida
channel 9 news today...... she happened to see my post in
ActiveRain© on the latest mortgage fraud happening in the
area and wanted to get more information.

 

HOWS THEM APPLES!!

 

This could help a LOT of us here in central Florida with getting
the news out that WE ARE NOT central Florida real estate professionals
that tolerate this kind of behavior happening to our clients.

If YOU (mortgage officer, mortgage broker, loan officer, real estate
agent, buyer, or seller) have information about a client (or if YOU
were the client who got into a bad situation because of a shady
situation you were tricked into) that was the victim of mortgage
fraud, please post a comment below about it and I will get in touch
with you. WE will bring the information to the reporter that is covering
this story and hopefully we will get some mention on TV and/or the
local newspaper.....

This post about wanting to hear from people or
real estate professionals involved in a situation
of mortgage fraud was brought to you by:

Alexander Harb PSEM®, E-Agent®
The Knights Team Sales Leader

Beach and Luxury Realty Inc.

A central Florida developer is out on bond
because the FDLE says his company defrauded
investors and would be home owners of over
$24 million dollars in deposits.

• David N. Weiker said that many things
  contributed to his companies bankruptcy.
  (I would LOVE to hear some of his "reasons").
• Money that was supposed to be in escrow
  was "used" to pay for contractors that never
  finished and in some cases NEVER even started
  the process of constructing homes to be built.
• Over 580 people lost money on these deals
  ranging from locations as far away as Great
  Britan, Norway, Scotland and Belgium. In the
  United States -- Massachusetts and Florida
  residents were stung among others.
• FDLE officials said they have not found the
  missing money (It SHOULD be in escrow
  accounts, properly accounted for, shouldn't it?).
• David Weikers past was found to be the
  evidence that will likely put him behind bars
  for a LONG long time. Eight or nine homes
  were to be built by another company Mr. Weiker
  owned and operated back in 2001. Home buyers
  had to finish building the homes they payed
  Mr. Weikers company to build, causing the would
  be owners back then to lose many thousands of
  dollars in the process.
• Escrow money was disbursed to Weikers adult children
  to pay for their rent, money was used to purchase
  a spa for the Weikers home, and to pay for
  medicines and medical treatments. As far as I
  know, according to Florida real estate laws and
  practices, NONE of that money is to be used for
  ANYTHING other than the building of, or financing
  (down payments for mortgages) of the homes that
  were to be built.

I for one am GLAD the Florida Dept. of Law Enforcement is on the job....

That is part of the duty of that Dept. of our government.

This timely report of ANOTHER builder/Contractor
caught in the act of "being BAD" was brought to you by:

Alexander Harb PSEM®, E-Agent®
The Knights Team Real Estate Sales Leader

Beach and Luxury Realty Inc.

 

This is a wonderful home for sale in the eastern part of central Florida:

• It is offered at $249,900.
• The home has 3 bedrooms and 2 bathrooms.
• The back of the home has a screened in Florida
  room for those get togethers and parties with
  family and friends!
• There is ceramic tile and carpeted floors.
• The Schools are A rated, so your children will
  have the BEST education!
• This home will NOT last long at this price!

Here are some photos, along with a link to the
Virtual Tour and a link to see details about this
wonderful home:

For details on this listing just click here for information on this central Florida real estate for sale.

To see the Virtual Tour of this must have home, click on the link!

This central Florida real estate home for sale is brought to you by:

Alexander Harb PSEM®, E-Agent®
The Knights Team Sales Leader

Beach and Luxury Realty Inc.