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Central Florida Real Estate Blog - Marc Grossman, GRI

December 2007

Lake Mary Homes For Sale - Now Is The Time To Buy!

Dec. 20, 2007

Lake Mary Homes for Sale – Now Is The Time To Buy!

Lake Mary home for saleYes, Lake Mary Homes for Sale - Now is the time to buy!  You may read this and say to yourself, "What is this guy on drugs?"  No and hardly are the answers.  But let's look at the facts and take a couple of things into consideration.  If you have decent credit and have some available cash for a down payment, then you will most likely be able to get a loan at a decent interest rate. 

You think I must be joking, but that's because you've been reading and hearing and have now succumbed to believing all of the doom and gloom about the mortgage and real estate markets.  Truth be told, now is an excellent time to purchase a home.  With the availability of so many homes on the market in varying sizes, shapes, location and condition - the choices are abundant. 

OK, so you are still a little skeptical.  Let's look at the facts a little.  The median price in the Central Florida Greater Orlando area for homes for sale is $235,000.  Let's take this a step further and put it a little more into perspective.  The median price in Seminole County for homes for sale, where Lake Mary is located, is just a little over $240,000. 

Now to my point.  You can buy a 3 bedroom, 2 bath, 2 car-garage single family home with over 1500sf that has been totally renovated with a brand new kitchen, brand new bathrooms including tile surrounds, wood laminate flooring in the living and family rooms with a fireplace located in an ‘A' rated school system close to shopping, major highways and rated by CNN as # 1 Best Place to Live in Florida and the # 4 city in the U.S for less than $240,000. 

This home would have sold for approximately $275K+ a couple of years ago.  This home will most likely appraise for much more than the asking price.  Automatic equity in your new home, something many have not seen in the last couple of years.  And with the market stabilized, you should see a continued growth of such. 

Stop listening to the doom and gloom and look at the facts!  Now is a great time to shop for and purchase that dream home of yours.

 

For more information on Lake Mary real estate and Lake Mary homes for sale in addition to Lake Mary relocation contact Marc Grossman, your Lake Mary Realtor @ 407-463-1034.  Additional information is available for Seminole County real estate and homes for sale, Orange County, West Volusia County and South Lake County.

Central Florida Real Estate Specialist - Marc Grossman, GRI - Marc It Sold!To learn more about Marc and the services he has to offer, visit his profile & website

Marc Grossman, GRI  -  http://www.OrlandoHomes-4u.com/  -  407-463-1034

Marc donates 10% of his net proceeds to Hospice of the Comforter.

Marc It Sold!

 

Real Estate Contract – Right of First Refusal – Who Benefits? (edit/delete)

Dec. 18, 2007

Real Estate Contract – Right of First Refusal – Who Benefits?

real estate contractThis post came about because of one by Jessica Horton entitled, "Why put a carton of milk on layaway when your old dairy cow doesn't have any takers?"  In it she discussed about receiving a lot more real estate contracts as of late with contingency clauses for the sale of a buyer's home with no kick-out clause.

Let me preface this by stating that I make it a point to follow-up and follow through.  From the get go I get the buyers information in regard their lender, etc. and put calls through until I hopefully get more information back.  For the many that have come to know me, I do not like surprises and I can only gather that my sellers would not be too thrilled with them either.

Considering the present market conditions, I will not take a home off of the market if there is a contingency clause for the sale of the buyer's home.  For the purposes here, I'm assuming the fact that the buyer's home is already listed with a real estate professional and priced accordingly for the market.  Granted, I would prefer it to be under contract and then obviously feel better about the situation.  Of course if that was the case, I would respectfully request all the information as to their buyer's lender and follow through on that as well. 

The reason that I'm writing this is not as much in regard to what's just been written, but more so to how this affects your seller's home being shown after the contract is executed. 

I have found that the majority of the time the home is basically passed over for consideration and that the showings generally cease or slow to a trickle at the most.  I'm not aware of other MLS's, but in the Mid-Florida Regional MLS we can keep the home ‘active' but the first thing that has to be mentioned in the public remarks section is that you have a ‘Contingency Contract' and I usually add that it's a ‘Right of First Refusal' with a certain number of hours denoted.  This appears to essentially take the home off of the market.

With the number of homes available in today's market I have to wonder if our seller's are hindering themselves by accepting some of these contracts.  Like I've said I try to do my homework, but what about the person that does not?  I try not to talk negatively in regard to others in our profession, but are they performing a disservice to their client? 

 

For more information on Central Florida real estate and Central Florida homes for sale in addition to Central Florida relocation contact Marc Grossman, your Central Florida Realtor @ 407-463-1034.  Additional information is available for Seminole County real estate and homes for sale, Orange County, West Volusia County and South Lake County.

Central Florida Real Estate Specialist - Marc Grossman, GRI - Marc It Sold!To learn more about Marc and the services he has to offer, visit his profile & website

Marc Grossman, GRI  -  http://www.OrlandoHomes-4u.com/  -  407-463-1034

Marc donates 10% of his net proceeds to Hospice of the Comforter.

Marc It Sold!

 

Mortgage Bailout - Who's Getting Bailed Out & Who's Bailing Out!

Dec. 17, 2007

Mortgage Bailout – Who’s Getting Bailed Out & Who’s Bailing Out! 

foreclosureOK, let's start with a brief understanding of the mortgage industry.  You buy a property and obtain a mortgage.  The lender then packages that loan with many others and then they are sold to investors.  Simple, right!  OK, so now we come to the mortgage debacle that we are seeing in the subprime market and we've all read about the bailout that President Bush is proposing. 

So now let's get back to our investor.  They bought a package of loans at a certain rate of return expected.  But if the rates are frozen, then this investor is going to get a lower rate of return on his money.  This is akin to you having a Certificate of Deposit and the bank suddenly telling you that they are going to give you less interest because they've run into a bad stretch there for a while.  I don't think we need to discuss how you'd feel about that.

But let's go back to our investor again.  So, he's told that he's going to be making less on the securities that he bought.  Not only that, the government is stepping and is going to preclude all of these lawsuits that would have been raised.  You have to understand - when the investor bought those securities they basically had a contract which has now been broken. 

So let's take this to the next step, when this happens to these investors - well let's just put it like this - do you think that they will be investing any more of their money into these Mortgage Backed Securities (MBS's)?  No, and this further leads to the mortgage markets further drying up. 

lobbyistsThe fact is there will not really be that many homeowners who will benefit from this.  Now, don't get me wrong, I do not wish to see anyone lose their home for any reason and that includes foreclosure.  Oh yes, one other factor, all this is only a voluntary measure for the mortgage servicer (not even the original lender in most instances) to decide upon. 

OK, so let's say all this gets worked out and there is a five year temporary freeze.  This leads to many more questions, such as will the borrower face a reset in rate later on?  What is the cost of this going to be and who's going to pay for it? 

Now, granted, there is a partial win-win situation here, but only slightly and for very few.  If this ‘bailout' does go into effect, there will be some homeowners that will get a break on their mortgage and avoid foreclosure, while at the same time the investor will not lose that particular loan to default.

There was a commentary in the Orlando Sentinel by Beth Kassab on 12/12/07 entitled, "Who really will be helped in mortgage mess?"  At one point she mentioned that she called U.S. Treasury Secretary Henry Paulson's office in regard to this proposed freeze.  His office in turn told her "to call the American Securitization Forum - the group that represents the investors, loan services," etc.  Hmm, can you spell L-O-B-B-Y-I-S-T-S? 

The criteria that will be used to identify the homeowners that might be eligible is limited.  Government intervention is not the answer for negligence, etc.  Mortgage reform is something that should be talked about.  We have a lot of excellent mortgage professionals out there, but at the same time we had lenders giving away the bank so to speak.  You see, that once the lender sells that loan, they no longer have an interest or liability in that loan.  Central Florida Real Estate Specialist - Marc Grossman, GRI - Marc It Sold!

We need more accountability. 

Till next time - Marc It Sold!

Lake Mary, Seminole County, Florida

Dec. 17, 2007

Lake Mary, Seminole County, Florida

Lake Mary FloridaLake Mary has been ranked by CNN as the # 1 Best Place to Live in Florida and the # 4 city in the U.S.  It is located in Central Florida abutting Longwood and Sanford in Seminole County straddling I-4 (a major thoroughfare reaching from Tampa, on Florida's West Coast to Daytona Beach on its East Coast).  Lake Mary is just minutes away from downtown Orlando, the Orlando Sanford Airport, Orlando International Airport and the major theme attractions.   

Lake Mary, which is an actual lake, was named for the wife of Major William Randolph.

Lake Mary is geographically located between Orlando and Daytona Beach.  Shopping abounds from upscale boutiques and shopping centers to department stores.  Right next door there is the Seminole Town Center.  You will find a wide-range timacuan golf course lake mary floridaof dining choices from fast food, as would be expected, to fine dining restaurants with some of the best in Central Florida. 

Lake Mary is a very unique in its mix of commerce and residential areas.  It includes Heathrow, a gated residential golf-course community of approximately 2000 homes started in the mid 80's by Jeno Palucci, who is well known for such brands as Chun King, Jeno's & Luigino's foods.  Next door you will find Heathrow International Parkway, an office park which includes being the home of AAA

Lake Mary is home to the Lake Mary - Heathrow Festival of the Arts which is held in the fall each year and you will find a Farmer's Market on the weekends. 

alaqua lake mary floridaLake Mary boasts some of the best golf country clubs in the Central Florida region including Heathrow, Alaqua, Timacuan & Magnolia Plantation.  Lake Mary also has a park and recreation system in addition to a Community Center which is being joined by a 19,000 square foot Events Center. 

Lake Mary is a great place to live, work & play!

 

 For more information on Lake Mary real estate and Lake Mary homes for sale in addition to Lake Mary relocation contact Marc Grossman, your Lake Mary Realtor @ 407-463-1034.  Additional information is available for Seminole County real estate and homes for sale, Orange County, West Volusia County and South Lake County.

Central Florida Real Estate Specialist - Marc Grossman, GRI - Marc It Sold!To learn more about Marc and the services he has to offer, visit his profile & website

Marc Grossman, GRI  -  http://www.OrlandoHomes-4u.com/  -  407-463-1034

Marc donates 10% of his net proceeds to Hospice of the Comforter.

Longwood, Seminole County, Florida

Dec. 17, 2007

Longwood, Seminole County, Florida

longwood florida clock towerLongwood is located in Central Florida abutting Altamonte Springs in Seminole County straddling I-4 (a major thoroughfare reaching from Tampa, on Florida's West Coast to Daytona Beach on its East Coast) and State Road 434.  Longwood is just minutes away from downtown Orlando, the Orlando Sanford Airport, Orlando International Airport and the major theme attractions.   

Longwood is rich in history including that of its early settlers John Neill Searcy & Edward Warren Henck.  Longwood has a historic district with many structures dating to the 1800's.  There is the Bradlee-McIntyre House, which was originally located in Altamonte Springs and is on the U. S. National Register of Historic Places, as well as the Longwood Hotel

bradlee-mcintyre house longwood floridaBecause of Longwood's geographic location, you can enjoy a wide range of shopping available to you not only in Longwood, but also in neighboring Altamonte Springs including the Altamonte Mall, one of the larger shopping malls in Central Florida, or the new Uptown Altamonte, a mixed-use development which abuts the Altamonte Mall and Cranes Roost Park where people can live, work, play and enjoy the outdoors.  In addition to shopping in Lake Mary & Sanford with their wide range of shopping choices from discount department stores to high-end boutique shops including the Seminole Town Center.  Dining choices abound in Longwood and the surrounding communities with some of the finest dining available in the Central Florida area.

There are several parks located in Longwood with some having lighted baseball fields, tennis courts, basketball courts & playground equipment.  Longwood is also home to The Senator at Big Tree Park, which is the largest Bald Cypress of over 3000 years old. 

Longwood is a great place to live, work & play!

the sentator at big tree park longwood, florida

For more information on Longwood real estate and Longwood homes for sale in addition to Longwood relocation contact Marc Grossman, your Longwood Realtor @ 407-463-1034.  Additional information is available for Seminole County real estate and homes for sale, Orange County, West Volusia County and South Lake County.

To learn more about Marc and the services he has to offer, visit his profile & website

Marc Grossman, GRI  -  http://www.OrlandoHomes-4u.com/  -  407-463-1034

Marc donates 10% of his net proceeds to Hospice of the Comforter.

Central Florida Real Estate Specialist - Marc Grossman, GRI

Altamonte Springs, Seminole County, Florida

Dec. 10, 2007

Altamonte Springs, Seminole County, Florida

cranes roost parkAltamonte Springs is located in the geographic heart of Central Florida in Seminole County straddling I-4 (a major thoroughfare reaching from Tampa, on Florida's West Coast to Daytona Beach on its East Coast) and State Road 436. Altamonte Springs is just minutes away from downtown Orlando, the Orlando Sanford Airport, Orlando International Airport and the major theme attractions.

The first settlers of Altamonte Springs, which is Spanish for 'high hill,' were a group of businessmen who intended to create a tourist haven at Snow Junction, as it was then called. It has evolved into a residential community with its strength lying in its many retail and office centers.

Uptown Altamonte at Cranes Roost ParkYou can enjoy a wide range of shopping available to you in Altamonte Springs including the Altamonte Mall, one of the larger shopping malls in Central Florida, or the new Uptown Altamonte, a mixed-use development which abuts the Altamonte Mall and Cranes Roost Park where people can live, work, play and enjoy the outdoors.

There are many activities at Uptown Altamonte and Cranes Roost Park, with the Eddie Rose Amphitheater for the whole family including the Fourth of July celebration, Red, Hot & Boom which has an attendance of approximately 100,000 people. There is almost always something going on a weekly basis including Jazz concerts and other musical attractions, Karaoke nights, comedy, and Streetmosphere, the Russian born members of CirqueMosphere, an artistic troupe of performers.

Eddie Rose Amphitheater at Cranes Roost ParkThe park system in Altamonte Springs offers so much including Lake Lotus Nature Park, Eastmonte Park, Westmonte Park with its outdoor Therapeutic Pool, and Merrill Park to name just a few.

Altamonte Springs is a great place to live, work & play!

For more information on Altamonte Springs real estate and Altamonte Springs homes for sale in addition to Altamonte Springs relocation contact Marc Grossman, your Altamonte Springs Realtor @ 407-463-1034. Additional information is available for Seminole County real estate, Orange County, West Volusia County and South Lake County.

To learn more about Marc and the services he has to offer, visit his profile & website.

Central Florida Real Estate Specialist - Marc Grossman, GRIMarc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034

Marc donates 10% of his net proceeds to Hospice of the Comforter.

Till next time - Marc It Sold!

It's All About Meme...Marc's Book Meme

Dec. 6, 2007

It's All About Meme...Marc's Book Meme (edit/delete)

I received an email from Midori Miller informing me that I am now tagged and need to write a post "It's All About MeMe..." I hope you don't mind if I take you on a journey and do this a little differently. Too many things are going through my mind. I know, that's a scary place to be!

While typing the words 'MeMe,' I had a jolt back to a dear friend that always used the phrase "It's All About Me!" - and for him it was. He used to kid that it wasn't true, but the truth be told... In fact, I found this saying in one of my favorite stores in Ft. Lauderdale, called Seldom Seen and just gave it to him for his birthday. I've never been a 'Me' person. I don't think others could consider me self-centered. That is just a turn off for me. I generally try to think of the other person.

OK, so now to what I'm supposed to be writing about. I have to change this around a little. I'm supposed to be telling you of my five favorite books of all time. That is extremely hard for me, but I will tell you of the books that I'm currently reading in a little while.

I remember that the first book I read by myself, without having to do it for school, was Rosemary's Baby written by Ira Levin, who was better known for being a playwrite. Holy moly that was 40 years ago. About the same time we were reading Lord of the Flies by William Golding and if I'm not mistaken he wrote a sequel to that.

I've read J. R. R. Tolkien's The Hobbit (always thought Bilbo Baggins was so cool) & Lord of the Rings twice and hopefully will reread them again in my later years.

Reading has been a very important part of my life. I generally only read fiction and mostly love international intrigue and mysteries. So, what I'd like to do at this juncture is to share with you some of the many authors that I quite enjoy. They are in no particular order and there are many more..

Robert Ludlum - fantastic author of international intrigue. You've probably seen many of the movies. There were only 1 or 2 books of his that I thought were so-so. Have not read any of his works that were published post-humously since they were finished by others.

Tom Clancy - Loved his earlier works, but have not read him since The Sum of All Fears. Maybe it's just me, but I felt that his books were just getting overwrought and boring. And it appeared to be that either he was getting full of himself and just having to push out more books because that is the nature of that business.

John Grisham - I have not read him in many years, but his first books were absolutely awesome. I felt that his books just appeared to be repetitious. He was obviously churning them out quickly.

Herman Wouk - Some absolutely fantastic novels including The Caine Mutiny, The Winds of War & War and Rememberance.

Philip Roth - I remember the first book of his I read was Portnoy's Complaint. There was a lot of sexual content & eroticism and I was only a teenager at the time, but underneath all that this was a very good novel at the height of the sexual revolution. But he wrote many other excellent books including Goodbye, Columbus.

Leon Uris - What can I say, Exodus, Mila 18, Topaz, QB VII, etc.

Chaim Potok - Most of his books involve Judaism, The Chosen, My Name Is Asher Lev and Davita's Harp.

Ray Bradbury - What can I say about him? I read The Martian Chronicles in school. He wrote books such as Fahrenheit 451, The Illustrated Man & Dandelion Wine.

John LeCarre - I must admit that sometimes his books took a little to get through, but that could have been a 'me' thing. But just look at some of his writing: The Spy Who Came In From The Cold, Tinker, Tailor, Soldier, Spy, Smiley's People and The Constant Gardner.

Jonathan Kellerman - Love his Dr. Alex Delaware series with his detective friend Milo Sturgis in books such as When the Bough Breaks and Blood Test.

Faye Kellerman - The wife of Jonathan Kellerman and the writer of a series of Peter Decker/Rina Lazarus books. He's a detective with his Hasidic wife. There are 17 in the series and she's written a couple of books with her husband including Double Homicide.

Martha Grimes - She wrote a series of Richard Drury books, whose a Scotland Yard inspector, with his friend Melrose Plant. All the titles of these books are names of pubs.

Mary Higgins Clark - An excellent writer with books such as A Stranger is Watching, The Cradle Will Fall and A Cry in the Night. She has also co-authored a couple of books with her daughter Carol Higgins Clark.

John MacDonald - Loved his Travis McGee series. All of them had a color in the name. Very easy and quick read. The Deep Blue Good-by and Nightmare in Pink.

I could keep on going on and on. There's Elmore Leonard and Sidney Sheldon. Who could forget, The Other Side of Midnight, Master of the Game and The Doomsday Conspiracy.

It's obvious that I love reading and especially my fiction, but I also love what I do - real estate. It doesn't bother me that I'm not reading the way I used to, I'll be able in the future hopefully. I quite enjoy reading about real estate. There are two magazines that I always read and are very informative, but are only local. One is Florida Realtor Magazine and the other Agent News Direct. There is so much to learn and they offer a lot as well. It's important for me to learn because it not only helps me, but it also helps my clients and friends in the business. I have no issue sharing what I learn with others - OK, well maybe sometimes I like to keep things to myself.

So, with all this said, the books that I presently have on my coffee table (yes, it's a mess - strewn with newpapers (read it daily) & books) are:

I think all of these books are quite self explanatory. There is one more book that I would like to include. Now, it may not be considered a book per se, but there are many stories to be read. As with each chapter of a book, some you may like more than others, but it is definitely a collection of sorts. Obviously, I'm referring to that of Active Rain.

Hope you enjoyed! Till next time - Marc It Sold!

For more information on Central Florida & the Greater Orlando area including Seminole, Orange, West Volusia and South Lake Counties Marc Grossman, GRI - Central Florida Real Estate Specialist - Marc It Sold!contact Marc Grossman @ 407-463-1034.

To learn more about Marc and services he has to offer, visit his profile & website.

Marc Grossman, GRI - http://www.orlandohomes-4u.com/ - 407-463-1034

Marc donates 10% of his net proceeds to Hospice of the Comforter.

Seminole County - Florida's Natural Choice

Dec. 4, 2007

Seminole County - Florida's Natural Choice (edit/delete)

wekiva riverSeminole County is situated between Orlando's Central Business District, the Theme Parks and the Volusia beaches on the east coast. The county can't be beat for accessibility to the best that Central Florida has to offer.

Seminole County is one of the fastest growing counties in Florida. It is a collection of comfortable bedroom communities with housing ranging in price from very affordable to among the most expensive in the area.

Seminole County has carefully protected its natural resources. These include Lake Monroe and the scenic St. John's River, with its alligators and moss-draped cypress trees; Wekiva Springs State Park and the Central Florida Zoological Park, not to mention the many large lakes that dot the county. There are parks that offer jogging trails, athletic fields, even a pet park and many miles of trails throughout the county.

the senator at big tree parkFor shopping there are three major indoor malls: Altamonte Mall, Seminole Town Center and Oviedo Marketplace. This is in addition to many other shopping areas and mixed-use developments.

Seminole County is the home of the Orlando-Sanford International Airport and the Amtrak Auto Train which originates in Lorton, VA.

The many cities of Seminole County include:

Altamonte Springs

Casselberry

Lake Mary

Longwood

Oviedo

Sanford

Winter Springs

Till Next Time - Marc It Sold!

For more information on Central Florida & the Greater Orlando area including Seminole, Orange, West Volusia and South Lake Counties little wekiva rivercontact Marc Grossman @ 407-463-1034.

To learn more about Marc and services he has to offer, visit his profile & website.

Marc Grossman, GRI - www.OrlandoHomes-4u.com - 407-463-1034

Marc donates 10% of his net proceeds to Hospice of the Comforter.

My Guilty Music Pleasures

Dec. 2, 2007
And then as I was heading to a function this evening and changed stations, there was a song and it was like - my goodness!! Now, let me preface this...

Central Florida Real Estate Blog - Marc Grossman, GRI

Altamonte Springs, Florida

This blog is an avenue to relate information and sites that may be of interest to you in regard to real estate. There will be miscellaneous meanderings about me and opinions in regard to real estate and the Central Florida market in particular.

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