CITYCOMMUNITYSTREETZIPSUBDIVISIONMLS # 
SEARCH
ADVANCED SEARCH

Have Questions?

My status


Go Mobile !

Search The MLS On your Cell Phone
www.RoadHouseRealty.net/Mobile

My Account

 Log in to see your favorite Listings
LOGIN
SIGN UP FOR YOUR FREE ACCOUNT

Feature Searches

TRY OUR ADVANCE SEARCH

Popular Communities

VIEW ALL COMMUNITIES

Recent Blog Posts

Tips On Home Equity Loans
What are one of the most applied for forms of credit in the country? Home equity loans. Home renovations, room upgrading, even vacations are funded...

10445 Views - Add Comment - Posted 2/15 1:36pm


What Is A Mortgage Broker?
Have you been browsing the Central Florida real estate listings? Are you interested in buying a home in the Orlando area, but unsure of the steps nece...

9873 Views - Add Comment - Posted 2/9 4:37pm


Sell Your Home Fast! Three Tips To Help You Close Quickly
Sometimes the unexpected happens, and people are put into a situation where they have to sell their home... and fast! To tackle this daunting task in ...

18888 Views - Add Comment - Posted 2/4 3:47pm


Reducing Closing Costs On Your Next Home Purchase
The anticipation surrounding moving into your home can only be dampened by one thing: closing costs. Closing costs must be paid to your lender before ...

11634 Views - Add Comment - Posted 2/1 9:39am

VIEW ALL BLOG ENTRIES

1 2 3 4 5 6

Fannie Mae to Review Condo Mortgage Guidelines


Saturday, January 9, 2010 at 10:49am

On January 6th, Fannie May stated that it would begin to start to thoroughly review hundreds of Florida condo projects for a new "special approval" label. The reason? Fannie Mae wants to restructure mortgage approvals for certain projects that do not fall into the company guidelines.

Many Florida realtors have been pushing Fannie Mae to review its condo lending program, and as a result, Fannie Mae actually used a number of realtors as consultants on the program. One realtor, Summer Grenne, vice president and regional manager with Prudential Florida 1st Realty in Ft. Lauderdale, said "This is good new for Florida and a step in the right direction for the state's condominium market."

Greene thinks that the review will help put a positive spin in the market, adding "Hopefully, with the special approval designation process, we can begin to get our condo inventories reduced and absorbed as more condo buyers receive a green light from lenders for loans. This will help boost confidence in the market."

More than half of mortgages in the U.S. are backed by Fannie Mae and its cousin Freddie Mac. Greene also hopes that as Freddie Mac sees the positive shift that Fannie Mae's condo reorganization is taking, that they too will jump on board.

The Fannie Mae special approval designation is set to be effective from 9 to 18 months, and lenders have to confirm all special approval designations on the loan application, marked with a date. The designation only applied to condo projects.

Now If you are looking to save on a Central Florida property please visit our Best Deals Page or if you want to learn about the best communities around Central Florida visit our Communities Page and find the home of your dreams. You can also call us at 407-392-4663 and we'll do all the work for you.

Also, lets connect on these great social networks:


Follow Me On TwitterFacebookfeedWatch Our 3-D Toursstumbledeliciousdigg




2010: The Year Ahead


Thursday, January 7, 2010 at 12:16pm

Looking ahead during 2010, home prices are expected to continue their downslide. Sellers wanting to "hold on" to their properties may be "holding out" false hope of increasing their profits, even slightly. However, demand will be strong during the first quarter as those looking to take advantage of tax credits.

Chris Lafakis, an economist for Moody's Economy.com said, "If I had a home that I wanted to get as much money for as I could, I'd sell it as soon as possible."

Many industry experts say that the housing prices in Florida (one of the worst hit states) don't have anywhere to go but up, however, others say that the continual climb of the unemployment rate will force even more out of their homes, sending prices further down.

Some are saying that a collection of homes yet to be put on the market will be the ultimate wild card. Many repossessed properties have not yet entered the marketplace, and the entrance of these homes could determine whether the average home price stays stable, creeps up, or goes down.

Florida real estate agents say that the sales of existing homes have gone up in the past year; however a majority of those sales have involved some type of foreclosure or short sale situation.

Scott Agran of Lan Realty in Palm Beach County said, "Not a lot of people are buying because it's the right home on the right lot. Most people are in the market to find a really good buy. There's not a lot of normal purchasing."

Now If you are looking to save on a Central Florida property please visit our Best Deals Page or if you want to learn about the best communities around Central Florida visit our Communities Page and find the home of your dreams. You can also call us at 407-392-4663 and we'll do all the work for you.

Also, lets connect on these great social networks:


Follow Me On TwitterFacebookfeedWatch Our 3-D Toursstumbledeliciousdigg




Home Owner Scams to be Aware of


Monday, January 4, 2010 at 6:36pm

Home owner scams have been around for ages, but with the recent tanking of the housing market, and the subprime crisis, fraud is more prevalent than ever. Road House Realty has come up with a few scams that you should be aware of.

1. THOSE PESKY PHONE CALLS
While the majority of people do not fall for telemarketing home scams, other demographic groups are more susceptible to phone calls. Among those groups are the elderly, and telemarketers are taking full advantage of them. Phone calls from "fake" telemarketers posing as representatives from companies such as Fannie Mae are offering home owners to refinance their homes for lower rates. However, it is the information that is given over the phone that seals the fraud deal. These people use this information to commit identity theft. Most large national lenders do not make business or loan deals via telephone. Make sure you know who you are speaking to.

2. SKETCHY CONTRACTORS
Please be cautious of any contractor that just shows up at your home. This can be tricky if you have previously make inquiries about home improvements. Most of these scam artists are actually hired by crooked lenders looking to get you to approve a high-interest loan without you actually being aware of it. Besides, some people don't group a lender and a building contractor together. So, be careful and make sure to read any and all paperwork that a contractor gives you.

4. THE I-CAN-HELP-YOU SOLICITOR
Unfortunately, because of the high incidence of foreclosures, coupled with the fact that much of the default information is public record, people are approaching those in this difficult situation and posing and someone who can help. They offer to have you sign the title of your home to them for a "short" amount of time, when in reality you are signing your home over to them permanently. If you are defaulting on your loan, talk only to your lender. They will make sure that you donít receive any unsolicited advice.

Now If you are looking to save on a Central Florida property please visit our Best Deals Page or if you want to learn about the best communities around Central Florida visit our Communities Page and find the home of your dreams. You can also call us at 407-392-4663 and we'll do all the work for you.

Also, lets connect on these great social networks:


Follow Me On TwitterFacebookfeedWatch Our 3-D Toursstumbledeliciousdigg



Partially Built Homes Enter Orlando Housing Market


Saturday, January 2, 2010 at 10:59am

Orlando, Florida has been riddled with heaps of foreclosure sales, short sales, and buyers profiting from the default of other people's loans. Now, the city is seeing a new trend: sales of unfinished homes. As more builders and construction companies left homes in mid-build due to the housing economy, these houses seemed to be nothing but a huge eyesore for neighbours and passers by. However, new life is being breathed into these homes as they are settling themselves into the market.

Although buying a half-built home is nothing new, the circumstances that surround the unfinished homes during the housing boom are a little different. Firstly, many homes were contracted to begin work and were never even started. Second, many of the builders or contractors that were originally working on a property are not around anymore, leading to confusion by the builder who takes over a project.

In Orange County, officials are still unsure of how many unfinished homes are in this position as builders were given a year extension on their building permits. This happened in March of 2009, so it remains to be seen what comes in the pipeline. Builders have also been known to delay their work on a project to finish in the new year for tax benefits. Officials in Orange County, Fla., say they aren't sure how many partly built homes are in

According to the United States Census, the percentage of half-built homes rose from 39 percent in January of this year to 43 percent by October. Even though this number reflects those homes that are under contract and under construction, it also includes unfinished homes that were abandoned by builders, and taken over by the bank.

Please visit our Foreclosure Page and get the best deal on your next dream home or visit our Communities page and learn about the best areas to live around Central Florida.

Also, lets connect on these great social networks:


Follow Me On TwitterFacebookfeedWatch Our 3-D Toursstumbledeliciousdigg


Government Mortgage Program Not Meeting Expectations


Wednesday, December 30, 2009 at 2:45pm

Over half a million home owners have been helped out by a government program aimed to aid those facing foreclosure. The program was intended to make sure that the foreclosure crisis remains somewhat maintained, and does not spiral out of control.

However, Elizabeth Warren, chairperson for the Congressional Oversight Panel for the $700 plus billion bailout program says, "We're concerned that not enough foreclosures will be prevented."

Unfortunately, it seems as if the plan is falling short in three key areas. First, the people who really need the help are the ones who are not eligible. Making adjustments and aid available to these people may decrease the ever-growing foreclosure filings.

Second, only about 25,000 loans are being modified a week, which is far below (less than half) the amount of foreclosures being filed a week.

Third, so far only 1,700 or so home owners have gotten loan modifications. Most others are still in a trial period, therefore only delaying the inevitable rather than actually helping.

Warren stated that the plan's timing is misplaced, as it "appears to be targeted at the housing crisis as it existed six months ago rather than as it exists today."

The housing crisis, although reporting spikes of good news here and there, is still very much alive. Many industry experts believe that the market will "sour" before it gets better. The slow start to this federal program is one inclination of the long road ahead.

"We're still living with the risk that housing is going to be a source of weakness in the economy," says Treasury Secretary Timothy Geithner.

Please visit our Foreclosure Page and get the best deal on your next dream home or visit our Communities page and learn about the best areas to live around Central Florida.


Also, lets connect on these great social networks:


Follow Me On TwitterFacebookfeedWatch Our 3-D Toursstumbledeliciousdigg



Stage Your Orlando Condo to Sell


Monday, December 28, 2009 at 9:10am

All of us want to make the best impression when putting our condo up for sale. We recently posted an article in our blog that talks about how DIY Home Improvements can increase your home's value. Now Roadhouse Realty has a few more pointers to help you stage your Orlando condo to sell.

Previous Article "DIY Home Improvements Could Raise Value"

BRING OUT THE BEST: Just as we would do in our own life, whether wearing clothes that flatter or accentuating the positive during an interview, your condo needs the same attention. If you have an unbelievable view, or if your fireplace is beautiful, make sure you emphasize these things or bring light to them.

KEEP THE PLACE FURNISHED: Somehow, condos always feel smaller when there are unfurnished. Keeping furniture in the space allows prospective buyers to envision their own things in the home. Otherwise, it may be very difficult for them to get an idea of exactly what the potential of the space is. Picking the right furniture can also help. For smaller places, picking a loveseat instead of a full-size couch can give the illusion of more space, for example.

DETAILS MATTER: The amount of accessories is not as important as what type of accessories you use. Using a few red pillows can really bring life to an otherwise neutral living room, or adding red chairs to the dining room can really make the room eye-catching and different. Plus, it gives your condo a better chance of being remembered after a buyer leaves.

BOOST TEXTURE: Texture plays an important role, especially when you want to add extra personality without spending a fortune. Bouquets of branches, magazine baskets, decorative curtains and unique shelving can add a potent punch to a room.

Please visit our Foreclosure Page and get the best deal on your next dream home or visit our Communities page and learn about the best areas to live around Central Florida.


Also, lets connect on these great social networks:


Follow Me On TwitterFacebookfeedWatch Our 3-D Toursstumbledeliciousdigg


Compact Homes Continue to Enjoy Popularity


Tuesday, December 22, 2009 at 5:17pm

Earlier this year we wrote about "Jewel Box Homes" and their surge in popularity. Some industry experts thought it was a fad or phase, while others looked at the trend as home buyers simply downsizing in light of the recession. Either way, the trend seems to be gaining momentum, and home builders are happy to offer smaller floor plans and options to willing buyers.

New, smaller designs are being complemented with higher ceilings and larger windows in order give homes a more spacious feeling. With home builders introducing these new designs, they have been able to supplement their otherwise declining revenue. KB Home's compact home offering actually increased their orders by 62 percent in the third quarter compared to last year.

According to the National Association of Home Builders (NAHB), the downsizing has really been evidenced in the median square footage of a home. In 2006, the median square footage of a home was 2.300. Now, after a 9 percent drop, it is around 2,100 square feet.

Even though the size of homes drops during and after each recession, some industry experts think that the small home trend will not lose any steam, mostly because the current downturn will take much longer to recover from. People will only spend what they can afford... and compact homes are much more affordable because of their size.

"This downsizing is more sustainable," says David Crowe, chief economist at the NAHB. "The first-time buyer will continue to be a large part of the market because the move-up buyer will not have as much equity. It's going to take them awhile to climb out."

Please visit our Foreclosure Page and get the best deal on your next dream home or visit our Communities page and learn about the best areas to live around Central Florida.

Also, lets connect on these great social networks:


Follow Me On TwitterFacebookfeedWatch Our 3-D Toursstumbledeliciousdigg


Orlando Home Prices Low, Sales High


Sunday, December 20, 2009 at 12:14pm

Orlando home prices remain low, making record-breaking sales numbers for the Florida city. According to a report by the Orlando Regional Realtor Association, in November, the amount of home sales doubled from last year due to the decline in prices, which now hovers around $123,000.

Home prices have not hit this level since March 2001, when the median price was approximately $120,000. Basically, homeowners that paid for a home since 2001 actually paid more for it than if they had purchased a home this year. In the height of the housing boom in 2007, area home prices swelled to over $260,000, a vast contrast to the state of the market today.

It is quite obvious that the number of foreclosures is flooding the market with inventory, therefore driving prices lower and lower, and Orlando real estate agents are urging their clients to not list their homes for sale until it is totally necessary. Prematurely listing a home in today's market may net huge losses. Instead, prospective sellers are being advised to wait until the market hits bottom.

This year, in Orlando's two main counties Orange and Seminole, prices have declined over 25 percent. Still enjoying a healthy sales status, Orlando has improved its sales number by over 100 percent compared to last year.

The extension of the federal tax credit until June 2010 will also continue to fuel home sales in the area and also around the country. However, the price drops will continue as long as unemployment remains high and people cannot afford to make mortgage payments, therefore defaulting on their loans.

Please visit our Foreclosure Page and get the best deal on your next dream home or visit our Communities page and learn about the best areas to live around Central Florida.

Also, lets connect on these great social networks:


Follow Me On TwitterFacebookfeedWatch Our 3-D Toursstumbledeliciousdigg


Finally, Foreclosure Filings Drop


Monday, December 14, 2009 at 4:32pm

For the fourth straight month, foreclosure filings dropped. 307,000 were in danger of foreclosure in November, an 8 percent decline from October. RealtyTrac, Inc. stated that 77,000 homes were repossessed in November, which is also less than the amount in October.

Obamaís foreclosure prevention effort still remains in tact, with millions of home owners still under evaluation for aid.

Industry expert, Rick Sharga, said that a lot of the borrowers "simply aren't going to qualify" for any aid. People are still expecting a new wave of foreclosures (as we wrote about earlier in "Florida Bracing Itself for More Foreclosures"). This is because unemployment is still not dropping, causing more and more mortgage borrowers to default on their payments.

Florida, California, Arizona and Idaho follow Nevada as the current state with the highest number of foreclosures. Other states in the top ten include Michigan, Illinois, Utah, Maryland and New Jersey.

The Obama relief plan doesn't seem to be doing a great job of providing aid to those home owners that need it. Only 10,000 or so home owners were granted loan modifications to help with their monthly payments.


Elizabeth Warren, part of a watchdog panel, said that Obama's plan isn't "working" and also stated that the effort has not even begun to address all the foreclosures across the nation.

As unemployment continues to rise, so will foreclosures. Currently, over 14 percent of home owners that have a mortgage are either late with their payments or in danger of being foreclosed on.

We proud ourselves in providing the best service to the consumer that is looking to get the best deal on a foreclosure property, please visit our Foreclosure Page or Visit our hot properties page and find the best deals around Central Florida.

Also, lets connect on these great social networks:


Follow Me On TwitterFacebookfeedWatch Our 3-D Toursstumbledeliciousdigg


Survey: Florida Homeowner Associations Hurting


Monday, December 7, 2009 at 8:26am

The Community Association Leadership Lobby conducted a survey of Florida Homeowner Associations and their viewpoints on the current state of the housing market, as well as their predictions and forecasts for the future. The survey showed that a majority of the state's homeowner associations were an immense amount of stress and felt discouraged about the condition of the market.

Out of 777 associations that participated in the survey, over 90 percent said that financial problems will persist or get worse in 2010. Additionally, approximately 60 percent of the associations raised assessments to cover revenue losses from the past year and half, much of which was caused by owners who were in default. About 66 percent said that a large increase in the amount of property owners who are more than 60 days late paying their fees is also responsible for the raised assessment fees.

Homeowner associations are in favor of supporting legislation that would permit them to collect additional late fees from investor-owned properties, as well as from any tenants that are renting out any properties. This survey and its results may further help Florida homeowner associations, along with those in other states, to change legislation to allow more fees to be collected.

We proud ourselves in providing the best service to the consumer that is looking to get the best deal on a foreclosure property, please visit our Foreclosure Page or Visit our hot properties page and find the best deals around Central Florida.

Also, lets connect on these great social networks:


Follow Me On TwitterFacebookfeedWatch Our 3-D Toursstumbledeliciousdigg



Pets Pose Problem at House Showings


Wednesday, December 2, 2009 at 12:04pm

In our article about hosting a "Successful Open House", we mention how pets can be a deterrent for potential home buyers. Well, here are even more tips on keeping your house virtually pet-free, even if Scruffy is still around.

Jim McEneaney, senior regional vice president of Coldwell Banker Residential Brokerage says, "Almost everyone loves lets, but even the most obedient animal can create distractions and possibly cost home sellers. Work with your realtor to adequately prepare your home when pets are involved."

No pets on premises:
Although buyers may love your pet, having them at a home showing or an open house is just not a good idea. It may make potential buyers uncomfortable. Have a friend take your animal(s) for the day, or take them to the groomer. If you have no way of removing your pet from the house, make sure they stay out of sight.

Remove the evidence:
Remember, buyers want to walk into a clean and fresh house. Even though you may be immune to your pet's smell, others aren't. Clean any area that has pet evidence. Hairs on the sofa, stray litter from the box, food bowls, etc. Everything has to be spotless. Lighting candles and burning fragrant oils can help to mask any pet odors that may still linger after cleaning.

Repair any damages:
From cat-clawed wooden floors to dog-chewed door corners, pets can sometimes wreak an aesthetic havoc on a home. Make sure that you repair and fix all these things to the best of your ability. Just throwing a rug over a problem doesn't fix it.

Pet entrance and exit:
Many pet owners have little flapped-doors for their dog or cat to come in and out of the home as they please. This may be a turn-off for some buyers. If replacing the door is not a viable option, provide the opportunity to fix it, or include an allowance for it. The more that buyers see you are dedicated to a solution, the more inclined they are to buy your house!

Please visit our Foreclosure Page and get the best deal on your next dream home or visit our Communities page and learn about the best areas to live around Central Florida.

Also, lets connect on these great social networks:


Follow Me On TwitterFacebookfeedWatch Our 3-D Toursstumbledeliciousdigg


Orlando Condo Prices Dive, Now the Cheapest in the United States


Monday, November 30, 2009 at 1:43pm

According to industry experts, the Orlando condominium market has been suffering for some time now, but recently prices have dropped even lower, making the area's condos the cheapest in the state and also the country.

Taking a staggering hit, Orlando condo prices have fallen 56 percent since last year. The only market to come close is Las Vegas, where a 46 percent drop in prices has negatively affected the city's housing market.

One owner of a Winter Park condo hopes to sell the home for a mere $37,000. In 2006, he paid $167,000 for it. While the price drops haven't helped home values, buyers are snapping up properties left and right. Over 1,600 units were sold in the Winter Park area during third quarter 2009, up 265 percent from last year.

However, the buyers are those with deep pockets. Cash buyers are relishing in the discount prices, and are able to acquire amazing deals. Those who require financing are not so lucky. "Lenders are not interested in lending," said Shelton Granade, vice president of investment properties for CB Richard Ellis in Orlando. "There are good properties in good locations that could get the FHA financing. Others? It's cash-only deals, and that drives down the price," he adds.

Orlando is an area where buyers are flocking to for deals and discounts. The gorgeous weather and laid-back lifestyle make it a dream for home buyers.

We proud ourselves in providing the best service to the consumer that is looking to get the best deal on a foreclosure property, please visit our Foreclosure Page or Visit our hot properties page and find the best deals around Central Florida

Also, lets connect on these great social networks:


Follow Me On TwitterFacebookfeedWatch Our 3-D Toursstumbledeliciousdigg