Condo Conversions: Are they worth the investment?

Condo Conversions have been popping up everywhere in Central Florida in the last two years. I am not so sure it is where I would put my investment dollars. So many of these conversions are just old apartment buildings. Old plumbing, no sound proofing between walls and floors and old problems. My feelings are that if the complex is a newer community, let's say built in 2000 or later, than it may not be a bad investment. But if it is the older buildings I say that you better look into this further before making an offer that you wish you never had. You are inheriting old problems that were once your landlords to deal with. LET THE BUYER BEWARE! How can a proper Sellers Disclosure, a form that is filled out by sellers in which they declare any latent defects, be part of the contract? Remember, the Landlord never occupied the unit. I am not bringing the buyers I work with to these unless they are newer buildings. I interview the sales person to see what upgrades will be part of the offer. If I am not happy with what they tell me I advise the buyer I am with of all the possible pitfalls. BE CAREFUL! Don't let yourself become a victim!

Relocating to Florida

If you are thinking of making a move to Central Florida be sure to give me a call. I relocated to Central Florida in July of 1991. I have seen a lot of changes since then. I can help you make a smooth transition here. I am very knowledgeable about this area. Making your move a great experience is my goal. I have a relocation kit that I can send your way if you call or email me.

New Hospital Coming To Oviedo

Finally, a much needed hospital is going to be built in Oviedo. That is a welcome with all the growth that has happened there since 2001. This is great news to the residents of that lovely town. The exact area is yet to be determined but I will let you know just as soon as I find out the location.

Frustrated Sellers in the 2006 Market in Central Florida

What a difference a year makes! In 2005 we had so many buyers and so few houses for these folks that the prices of homes skyrocketed! This year, we have over 20,000 listings here in Central Florida!!! We are back to old fashion real estate folks! Remember the days when it took awhile to sell your homes? Oftentimes past your 6 month contract! Now we have a 9 month inventory of homes! WHERE DID ALL THE BUYERS GO??? The sellers are still stuck on last years growth and are having a hard time adjusting to the fact that we are now in a Buyers market. By the way, a note to the buyers out there: Sellers are not giving their homes away so don't be ridiculous with your offers. We still have growth here in Seminole County just not at the speed of light! Buyers have so much to pick from they are taking thier time to chose their home. Other buyers are sitting on the fence just not sure what to do! Many buyers are convinced if they wait awhile they will really get a good deal! Ahh, if I only had a crystal ball that really worked!