Frankly Speaking Blog

Orlando’s housing market took its traditional springtime sales jump, with 17% more closings in March than in February, and “Normal” transactions showing a month-to-month increase of 24%.

Buyer demand is continuing to drive median price increases. The overall median price in March was $160,000, a 1.27% increase over February, and a 14.29% increase from the $140,000 median price in March 2013.

How's the market doing in your neighborhood!


Posted by Frank Ferrell on April 15th, 2014 1:13 PMPost a Comment (0)

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Every Monday, Orlando Regional Realtor Association's Monday Morning Quarterback Report gives you a snapshot of the previous week's market activity, including sales, prices, days on market, and much, much more.

Week of March 23, 2014

Single-family existing homes

  • Sales of single-family homes increased to 415 during the week of Mar 23, from 323 the week prior
  • The median price of single family homes decreased to $177,500, a change of -6.1%
  • The number of single-family home foreclosure transactions increased to 88 last week, from 60 the week of Mar 16
  • The number of single-family home short-sale transactions increased to 41 from 23 the week prior
  • Single-family inventory increased by 44, and now sits at 10,128

Condos, townhomes, and villas

  • Sales of condos, townhomes, and villas increased to 115 during the week of Mar 23 from 106 the week prior
  • The median price of condos, townhomes, and villas increased to $117,000, a change of 13.0%
  • The number of condo, townhome, and villa foreclosure transactions increased to 26 last week, from 24 the week of Mar 16
  • The number of condo, townhome and villa short-sale transactions increased to 9 from 5 the week prior
  • Condo inventory increased by 11, and now sits at 2,845

Posted by Frank Ferrell on April 7th, 2014 7:51 AMPost a Comment (0)

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April 3rd, 2014 12:49 PM

When selling your home, you won't get the price you want unless your home is in pristine move-in condition. That means no sticking drawers in the kitchen, no leaning fences, no rust-stained plumbing fixtures . . . well, you get the idea. 

If you have any of following "turn-offs," your home likely won't sell:

1. Overpricing for the market

2. Smells

3. Clutter

4. Deferred maintenance

5. Dark, dated décor


Overpricing your home

Overpricing your home is like trying to crash the country club without a membership. You'll be found out and escorted out.

If you listed at a higher price than recommended by your real estate agent, you're going to get some negative feedback from buyers. The worst feedback you can ever receive is silence, meaning no home showings and no offers.

The main problem with overpricing your home is that the buyers who are qualified to buy your home won't ever see it because they're shopping in a lower price range, and those qualified buyers who do see it will quickly realize that there are other homes in the same price range offering them more value.


Smells

Smells can come from a number of sources - pets, lack of cleanliness, stale air, water damage, and much more. You may not even notice it, but buyers definitely will.

Most buyers wouldn't buy a home that smells unless they're investors looking for a bargain. Even so, if they find anything like undisclosed water damage, or pet urine under the "new" carpet, they will either severely discount their offer or cancel altogether.


Clutter

If your tables are full to the edges with photos, figurines, mail, and drinking glasses, buyers' attention is going to more focused on avoiding the clutter than in considering your home for purchase.

Too much clutter and even too much furniture will confuse the eye, making it very difficult for buyers to see the true proportions of your rooms. First impressions are important. If they can't immediately see what they need to know, they move on to the next home.


Deferred maintenance

Deferred maintenance is a polite way of saying you're letting your home fall apart. Just like people age due to the effects of the sun, wind and gravity, so do structures like your home. Things wear out, break and weather, and it's your job as a homeowner to keep your home in good repair.

Your buyers really want a home that's been well-maintained. They don't want to wonder what needs to fixed next or how much it will cost.


Dated décor

The reason people are looking at your home instead of buying brand new is because of cost and location. They want your neighborhood, but that doesn't mean they want a dated-looking home. Just like they want a home in good repair, they want a home that looks updated, even if it's from a different era.

Harvest gold and avocado green from the seventies; soft blues and mauves from the eighties, jewel tones from the nineties, and onyx and pewter from the oughts are all colorways that can date your home. Textures like popcorn ceilings, shag or berber carpet, and flocked wallpaper can also date your home. When you're behind the times, buyers don't want to join you. They want to be perceived as savvy and cool.

If you're torn between which improvements will help you sell and which ones won't, check out Improvements that Pay.

The bottom line is, the market is a brutal mirror. if you're guilty of not putting money into your home because you believe it's an investment that others should pay you to profit, you're in for a rude awakening. You'll be stuck with an asset that isn't selling.



____________________________________________________
From RealtyTimes Article dated 3/30/14
 


Posted by Frank Ferrell on April 3rd, 2014 12:49 PMPost a Comment (0)

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Listings Photo
$1,800.00
2741 Bellewater Place

Oviedo, FL 32765



Beds: 4 Rooms: 9
Full Baths: 2 Sq. Ft.: 2036
Garage: 2 Built: 2000
 

FORE LEASE: Nice 4/2 Home in beautiful Gated Community
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Frank Ferrell
Ferrell Realty, Inc.
4076283200
www.ferrellrealtyinc.com



 
  Visit this listing here

Posted by Frank Ferrell on March 29th, 2014 3:49 PMPost a Comment (0)

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March 21st, 2014 1:17 PM
The Winter Park Sidewalk Art Festival is one of the nation’s most prestigious outdoor art festivals. It is ranked the "7th Best Fine Art and Design Show in the Country" by Sunshine Artist magazine and voted Central Florida's "Best Festival" in Orlando magazine's Best of Orlando 2013 issue. Each year more than 350,000 visitors enjoy the show.

Festival hours are as follows: Friday, March 21, from 9 a.m. to 6 p.m.; Saturday, March 22, from 9 a.m. to 6 p.m. and Sunday, March 23, from 9 a.m. to 5 p.m. Expect to see dazzling sculpture and glass for the big pocketbook as well as smaller works to please just about anyone. Enjoy Friday night's jazz concert, children's workshop village and school art exhibits, and great food and sidewalk cafes.

Join us for this annual tradition in Winter Park, the City of Culture and Heritage. Please be sure to leave your dogs at home when you visit the festival as they are not allowed to enter the event. Thank you for your cooperation.

For information on other upcoming events click on Winter Park Events.

Posted by Frank Ferrell on March 21st, 2014 1:17 PMPost a Comment (0)

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Posted by Frank Ferrell on March 18th, 2014 4:31 AMPost a Comment (0)

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Every Monday, Orlando Regional Realtor Association's Monday Morning Quarterback Report gives you a snapshot of the previous week's market activity, including sales, prices, days on market, and much, much more.

Week of February 23, 2014

Single-family existing homes

  • Sales of single-family homes increased to 470 during the week of Feb 23, from 276 the week prior
  • The median price of single family homes decreased to $170,500, a change of -3.5%
  • The number of single-family home foreclosure transactions increased to 107 last week, from 49 the week of Feb 16
  • The number of single-family home short-sale transactions increased to 47 from 24 the week prior
  • Single-family inventory decreased by 35, and now sits at 9,932

Condos, townhomes, and villas

  • Sales of condos, townhomes, and villas increased to 119 during the week of Feb 23 from 78 the week prior
  • The median price of condos, townhomes, and villas increased to $111,000, a change of 12.2%
  • The number of condo, townhome, and villa foreclosure transactions increased to 37 last week, from 17 the week of Feb 16
  • The number of condo, townhome and villa short-sale transactions increased to 13 from 6 the week prior
  • Condo inventory decreased by 13, and now sits at 2,769

Posted by Frank Ferrell on March 10th, 2014 7:09 AMPost a Comment (0)

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Listings Photo
$750.00
2513 Maitland Crossing Way
Unit 107
Orlando, FL 32810



Beds: 1 Rooms: 5
Full Baths: 1 Sq. Ft.: 672
Garage: 0 Built: 2000
 

THIS HAS BEEN LEASED
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Frank Ferrell
Ferrell Realty, Inc.
4076283200
www.ferrellrealtyinc.com



 
  Visit this listing here

Posted by Frank Ferrell on February 28th, 2014 1:24 PMPost a Comment (0)

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Habitat For Humanity of Seminole County FL begins its first multi-family project on 
Saturday, March 1, 2014 at 9am at 372 Coral Beach Drive, Casselberry FL

Located off Seminola Blvd in Cassleberry FL, the townhome community of Antigua Bay was left unfinished in 2008. Of the planned 36 units, only 24 were completed, leaving a neighborhood of broken promises.
This year, Habitat for Humanity of Seminole-Apopka will begin work to complete that neighborhood and provide homeownership opportunities for working families, while keeping the construction style intact. Work of the first cluster of six units will begin in March with completion planned by October.
Leveraging both public and private funds, the project is expected to have an economic impact in our community of over $3.2 million.
Current funding is being provided by:
 
US Department of Housing and Urban Development
The Barbara Bole Trust
Finfrock
Sonny's BBQ
Golden Corral
St. Mary Magdalen Catholic Church 
Annunciation Catholic Church

Posted by Frank Ferrell on February 27th, 2014 1:20 PMPost a Comment (0)

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Orlando’s annual median home price continued its upward climb with yet another double-digit year-to-year increase in January, a trend that has continued for 14 consecutive months.

Posted by Frank Ferrell on February 24th, 2014 5:19 AMPost a Comment (0)

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February 21st, 2014 11:37 AM

"The Great Duck Derby" features a series of rubber duck races and FREE family activities! Park gates open at 9:15 a.m. Admission and activities are FREE thanks to our sponsors. The Sponsors' Big Beautiful Ducks race in the 11:15 race. Anyone can buy a $5 Baby Rubber Duck to race in either the 12:15 pm or 1:00 pm race.

Ducks will be available at the Winter Park Farmers' Market on Saturday weeks prior to the event, or the day of the Derby at Mead Garden. Proceeds benefit the Mead Botanical Garden Nature Education Program.

This is a great opportunity to discover or rediscover Winter Park's hidden treasure and to see the exciting plans for the Garden’s revitalization, Nature Center and programs.

When: Saturday, February 22, 2014
10:00 AM - 2:00 PM
Where: Mead Garden, 1300 South Denning Drive
Cost: $5/small duck; FREE for spectators
Contact: 407-628-4139

See more Winter Park FL events here.


Posted by Frank Ferrell on February 21st, 2014 11:37 AMPost a Comment (0)

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February 17th, 2014 11:49 AM

I'd rather be on my farm than be emperor of the world.

-George Washington



At Ferrell Realty, Inc. we believe owning your own home is an integral part of the American Dream.


Happy Presidents' Day.



Posted by Frank Ferrell on February 17th, 2014 11:49 AMPost a Comment (0)

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February 14th, 2014 11:29 AM

House of Hope Run Around the Pines 5K

When: Saturday, February 15, 2014 @ 7:30 AM
Where: Showalter Field, 2525 Cady Way
Cost: TBD
Contact: 407-898-1313
Website:
http://www.trackshack.com

This event benefits the House of Hope which is a non-denominational, not-for-profit organization established to serve as a Christian residential program for troubled boys and girls ages 14-17, across the country.

This is a Winter Park hometown favorite race which meanders through neighborhoods adjacent to Winter Park Memorial Hospital.

For information on other upcoming Winter Park events click here.

Posted by Frank Ferrell on February 14th, 2014 11:29 AMPost a Comment (0)

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Listings Photo
$1,850.00
406 Westchester Drive

Altamonte Springs, FL 32701



Beds: 4 Rooms: 8
Full Baths: 2 Sq. Ft.: 2120
Garage: 2 Built: 1968
 

FOR LEASE: Lovely 4/2.5 Rental Home with screened pool in established quiet Altamonte/Maitland neighborhood with great schools. Pool/Lawn Care included.
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Frank Ferrell
Ferrell Realty, Inc.
4076283200
www.ferrellrealtyinc.com



 
  Visit this listing here

Posted by Frank Ferrell on February 10th, 2014 5:20 PMPost a Comment (0)

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Every Monday, ORRA's Monday Morning Quarterback Report gives you a snapshot of the previous week's market activity, including sales, prices, days on market, and much, much more.

Week of January 26, 2014

Single-family existing homes

  • Sales of single-family homes increased to 373 during the week of Jan 26, from 227 the week prior
  • The median price of single family homes increased to $169,000, a change of 5.6%
  • The number of single-family home foreclosure transactions increased to 76 last week, from 50 the week of Jan 19
  • The number of single-family home short-sale transactions increased to 56 from 27 the week prior
  • Single-family inventory decreased by 12, and now sits at 9,671

Condos, townhomes, and villas

  • Sales of condos, townhomes, and villas increased to 111 during the week of Jan 26 from 59 the week prior
  • The median price of condos, townhomes, and villas increased to $97,000, a change of 10.9%
  • The number of condo, townhome, and villa foreclosure transactions increased to 27 last week, from 15 the week of Jan 19
  • The number of condo, townhome and villa short-sale transactions increased to 9 from 6 the week prior
  • Condo inventory increased by 26, and now sits at 2,646

Posted by Frank Ferrell on February 10th, 2014 10:07 AMPost a Comment (0)

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What is Homestead Exemption?

Homestead Exemption is a tax reduction allowable to homeowners who make their property their permanent residence.

If approved, this exemption could reduce the taxable value of your residence by up to $50,000. The first $25,000 of this exemption applies to all taxing authorities. The second $25,000 of exemption excludes School Board taxes and applies to properties with assessed values between $50,000 and $75,000.

As a result, the homeowner would enjoy a substantial savings on the taxes levied on their property by the various taxing authorities.

For more details on qualification and application deadlines, visit the Homestead Exemption page on our website.
 

Posted by Frank Ferrell on February 7th, 2014 8:48 PMPost a Comment (0)

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Every Monday, Orlando Regional Realtor Association's Monday Morning Quarterback Report gives you a snapshot of the previous week's market activity, including sales, prices, days on market, and much, much more.

Week of January 12, 2014

Single-family existing homes

  • Sales of single-family homes increased to 257 during the week of Jan 12, from 223 the week prior
  • The median price of single family homes decreased to $154,000, a change of -2.2%
  • The number of single-family home foreclosure transactions increased to 57 last week, from 54 the week of Jan 5
  • The number of single-family home short-sale transactions increased to 30 from 19 the week prior
  • Single-family inventory increased by 108, and now sits at 9,592

Condos, townhomes, and villas

  • Sales of condos, townhomes, and villas increased to 90 during the week of Jan 12 from 70 the week prior
  • The median price of condos, townhomes, and villas decreased to $95,250, a change of -16.7%
  • The number of condo, townhome, and villa foreclosure transactions increased to 22 last week, from 14 the week of Jan 5
  • The number of condo, townhome and villa short-sale transactions increased to 7 from 6 the week prior
  • Condo inventory increased by 27, and now sits at 2,607

Posted by Frank Ferrell on January 27th, 2014 12:04 PMPost a Comment (0)

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January 20th, 2014 9:29 AM

The life of civil rights leader Martin Luther King, Jr. is closely linked to Realtors. In the summer of 1966, he moved to Chicago and engaged in a series of marches, appealing to real estate practitioners in the city to end discriminatory housing practices. King's call for open housing led to the 1968 passage of the Fair Housing Act.

The next time you're Winter Park FL, visit the serene Martin Luther King, Jr. Park. The 23-acre park is centered by a tranquil lake that features both a fountain and a community-built bridge, beautiful scenery, sports and recreation facilities, and an extra-large playground.


Posted by Frank Ferrell on January 20th, 2014 9:29 AMPost a Comment (0)

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When: Saturday, January 18, 2014
10:00 AM - 4:00 PM

Where:
Winter Park Garden Club Clubhouse at Mead Botanical Garden

Cost:
FREE

Contact:
352-227-8011

Website:
http://www.camelliacfl.com

Free parking; Assorted colorful varieties of camellia plants for sale; Various vendors; Food; 10:30 a.m. - 11:30 p.m.

Camellia classes; 1 p.m. - 4 p.m. Camellia Show; 2 p.m. Dedication of the Jerry Conrad Memorial Camellia Garden.

View more Winter Park FL Events.

Posted by Frank Ferrell on January 18th, 2014 10:29 AMPost a Comment (0)

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Posted by Frank Ferrell on January 17th, 2014 12:04 AMPost a Comment (0)

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