General Area
Orlando Housing Market – August 2013
To check out my profile, references and the references of the other agents, just click on my picture to go to my profiles and read what our clients say about us. Pick the broker that you think is right for you. Of course I hope it’s me, but if not then best wishes!
Search on MLS here:http://www.thepremiumproperties.idxco.com/idx/3935/advancedSearch.php
Highest and best regards.
Vincent Paige |REALTOR® | RE/MAX Showcase
Major, U.S. Army (Reserve)
Certified Broker Price Opinion Registered Agent (BPOR)
Florida Military Specialist (FMS)
8934 Conroy Windermere Road | Orlando, FL 32835
Direct: 407.256.8190 | Fax: 407.264.8073
E-mail: vince@thepremiumproperties.com
Search for homes here: http://luxurylivingorlando.com
Hidden costs of purchasing a home
Inspection and Appraisal Fees
Before you purchase a home, you need to pay for a home inspection, an appraisal and perhaps additional inspections for pests or radon. The costs of these inspections are borne by buyers and are a necessary protection to avoid buying a flawed property or paying too much.
Closing Costs
Some buyers are able to negotiate with the seller for a contribution for these costs, but buyers need to be prepared with the cash for anywhere from 2% to 4% of the mortgage balance depending on your area.
Taxes
As a homeowner, you’ll need to pay property taxes, which are generally part of the escrow you pay into each month. Remember, even if you have a fixed-rate home loan, your property taxes could go up and increase your monthly housing costs.
Insurance
Your lender will require home insurance, which could be costly depending on a variety of factors including the construction materials of your home and the location. Even if you have renter’s insurance, you’ll find that home insurance costs more because you are paying for the ability to rebuild your home in addition to replacing your personal possessions. Insurance costs can also rise over time, and you may need supplemental insurance if you live in a flood or earthquake zone.
HOA and Condo Fees
If you buy a home within a homeowners’ association or a condominium association, you’ll be required to pay a monthly or quarterly fee. These fees can rise, or your association may need to charge a special assessment for projects such as repaving the parking lot or repairing a roof.
Moving Costs
Not only will you need to pay a moving company or rent a truck to move your belongings, but you may need to make deposits to start your utilities.
The Bottom Line
While buying a home may cost a little more than you think, the investment in property can still be worthwhile as long as you buy what you can afford, budget for expected and unexpected expenses and hold onto your home for at least seven to 10 years.
To check out my profile, references and the references of the other agents, just click on my picture to go to my profiles and read what our clients say about us. Pick the broker that you think is right for you. Of course I hope it’s me, but if not then best wishes!
Search on MLS here:http://www.thepremiumproperties.idxco.com/idx/3935/advancedSearch.php
Highest and best regards.
Vincent Paige |REALTOR® | RE/MAX Showcase
Major, U.S. Army (Reserve)
Certified Broker Price Opinion Registered Agent (BPOR)
Florida Military Specialist (FMS)
8934 Conroy Windermere Road | Orlando, FL 32835
Direct: 407.256.8190 | Fax: 407.264.8073
E-mail: vince@thepremiumproperties.com
Search for homes here: http://luxurylivingorlando.com
Bay Hill homes for sale | Bay Hill Real Estate | Bay Hill Realtor
Home prices in Bay Hill range from $400,000 – $5,000,000
Homes for sale in Bay Hill
Bay Hill is one of the most prestigious communities in Dr. Phillips, most noted for its golf course, which hosts the annual Arnold Palmer Bay Hill Invitational golf tournament. The Bay Hill golf club offers a private golf course, recreational facilities, full service salon and spa, and premier dining at three restaurants. The Arnold Palmer Invitational, a PGA tournament is hosted here as well. The Champion, Challenger and Charger links feature 27 holes of tour championship golf, a challenging though fair test for both professionals and amateurs alike.
There are some single family homes which overlook the magnificent greens of the Bay Hill golf course. Condominiums are also available as well. Bay Hill is situated on the shores of Lake Tibet, which is connected to the entire Butler Chain of Lakes and makes Bay Hill a boater’s dream. All homes have deeded access to the Butler chain of lakes. Bay Hill in Orlando is great places to live and the world class Arnold Palmer’s Bay Hill Club..is a golfer’s dream.
The Bay Hill area is located on both sides of Apopka-Vineland Road in southwest Orange County, north of Lake Buena Vista and south of the town of Windermere.
For a private tour of Bay Hill Golf Community or to learn more about Bay Hill call 407-256-8190.
Elevate your lifestyle,
Vincent Paige |REALTOR® | RE/MAX Showcase
Certified Broker Price Opinion Registered Agent (BPOR)
Florida Military Specialist (FMS)
8934 Conroy Windermere Road | Orlando, FL 32835
Direct: 407.256.8190 | Fax: 407.264.8073
E-mail: vince@thepremiumproperties.com
Live MLS! www.ThePremiumProperties.com or call Vince Paige the Dr. Phillips Realtor.
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Reasons to list with a REALTOR | Orlando Realtor – Vincent Paige
1. Order a complete property profile of your house.
Thanks for your time, Vincent Warren Paige, Jr.
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What is an HOA for anyway? | Orlando Realtor Vincent Paige
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HOA Basics First, let’s take a look at what HOAs are all about. HOA fees often range from $200 to $400 per month. The more upscale the building and the more amenities it has, the higher the homeowners’ association fees are likely to be. In addition to monthly fees, if a major expense such as a new roof or a new elevator comes up and there aren’t enough funds in the HOA’s reserves to pay for it, the association may charge an extra assessment that can run into the thousands of dollars. Because multiple parties live in the same building, all residents of condominiums and townhomes must be equally responsible for maintaining the common areas of the building such as landscaping, elevators, swimming pools, clubhouses, parking garages, fitness rooms, sidewalks, security gates, roofing and the building exterior. Many of these types of common areas, such as pools and tennis courts, also exist in subdivisions of single family homes. Regardless of whether the HOA governs a building, such as a condo or townhome structure, or a neighborhood of individual houses, HOA fees help maintain the quality of life for the community’s residents and protect property values for all owners.In addition to maintaining common areas, HOAs also set out certain rules that all residents must follow called covenants, conditions and restrictions (CC&Rs). In a common building, rules may include what color front door you may have, whether you are allowed to line dry your laundry outside, whether you can have a satellite dish, the size and type of pets permitted, and so on. In many ways, these rules are similar to the types of rules apartment dwellers must follow.In a subdivision with individual homes, regulations may include what color you can paint your home, the exterior landscaping you can do, the types of vehicles you can park on the street or in your driveway (no RVs, for example), permissible type and height of fences, and restrictions on window coverings for windows facing the street. If you want to do anything that differs from these rules, you will have to convince the HOA to grant you a variance, which is probably unlikely. No matter where you live, you are likely to be subject to city ordinances and restrictions related to the use of your property. HOAs add yet another layer of restrictions and because their members are more likely to know what you’re up to, the HOA is more likely to enforce the rules. So, let’s take a look at some of the rules and regulations you need to know about before you decide to join one of these communities.
What You Need To Know
While there are laws governing the behavior of HOAs, these associations can still have a powerful impact on your rights as a homeowner. Before buying a property in a community that has an HOA you should:1. Learn the HOA’s rules You may be able to find an HOA’s CC&Rs online as well as information about what happens if you violate a rule. Make sure any online information is current. If you cannot find this information online, ask your real estate agent to acquire these documents for you or contact the HOA yourself. Pay particular attention to rules regarding fines and whether the HOA can foreclose on your property for nonpayment of HOA dues or fines resulting from CC&R violations. Also, learn about the process for changing or adding rules and whether HOA meetings are held at a time you will be able to attend, if you wish to do so. If the rules are too restrictive, consider buying elsewhere.2. Make sure the home you want to buy is not already out of compliance with HOA rules Buying into an existing problem can be a headache, so find out what the rules are and whether you would have to make changes to the home to comply.3. Assess environmental practices If environmentally-friendly living is important to you, be aware that some HOAs may dictate that you use fertilizers, pesticides, sprinkler systems, and whatever it takes to keep your lawn picture-perfect. They may not allow xeriscaping (an environmentally friendly form of landscaping) and may limit the size of gardens, ban compost piles and prevent you from installing solar panels. If these things are important to you, make sure you check the fine print first.4. Consider your temperament Are you the type of person who hates being told what to do? If so, living in a community with an HOA may be a very frustrating experience for you. One of the major benefits of homeownership is the ability to customize and alter the property to suit your needs, but HOA rules can really interfere with this. 5. Find out about fees
Fees will differ for each community. Because of this you should make sure to ask your HOA the following questions:
Compare dues for the complex or neighborhood you are considering to the average dues in the area. Keep in mind that you will have to pay for recreational facilities whether you use them or not. Find out the hours for amenities like pools and tennis courts. Will you be around during those hours, or will you be paying for facilities you’ll never be able to use? Be aware that the HOA may have rules about how many guests can use common facilities. If guest restrictions are severe, forget about that housewarming pool party you envisioned. 6. Try to get a copy of minutes from the last meeting or sit in on an HOA meeting before you buy
Be alert for potential drama. Power trips and petty politics can be an issue in some HOAs. Talk to some of the building’s current owners, if possible – preferably ones who are not on the HOA board and who have lived in the building for several years. Talk to the HOA president and get a sense for whether you want this person making decisions about what you can do with your property. If a private company manages the HOA, investigate it before you buy. Some HOAs are professionally managed, but it is common for the association to be managed by building residents who fill the position as volunteers. Even if you like the current HOA board or management company, it can change after you move in and you may end up getting something totally different than what you bargained for. 7. Watch for under-management This would also be a good time to check into any restrictions preventing you from renting out your property or that make it difficult for you to do so. If your property is being under-managed you might not have an issue, but if you’ve got a hyperactive manager it could be a totally different story. 8. Find out what kind of catastrophe insurance the HOA has on the building 9. Consider the impact of HOA fees on your short- and long-term finances Conclusion *From Investopedia! Happy House Hunting! Vincent Warren Paige, Jr. |
Bella Collina |Top 10 Courses in Central Florida
The Golf Now Local Leaderboard: Top 10 Courses in Central Florida
1. Bella Collina Country Club (4.69/5.0): Central Florida golfers are flocking to Bella Collina, a once private facility that now offers some public play at their facility. most reviews make note of a clubhouse rich in opulence, plus a golf course in pristine shape — but tough with loads of sand.
2. Ritz-Carlton Golf Club Grande Lakes (4.62/5.0): Checking in at a close second is Ritz-Carlton Golf Club Grande Lakes, which has one of the most high-end resort experiences in town. Rex Hoggard recently visited the resort.
3. Stone Creek Golf Club (4.62/5.0): Up in Ocala horse country just north of Orlando, Stone Creek earns praise for a fair course design, great conditions and tremendous value.
4. Candler Hills Golf & Country Club (4.59/5.0): Another Ocala-area layout, Candler Hills has earned a reputation for pristine playing conditions, particularly on the course’s enormous greens.
5. Waldorf Astoria Golf Club (4.57/5.0): More proof that the highest-end Orlando-area clubs appear to be hitting the mark with their guests, Waldorf Astoria Golf Club near Disney World earns the 5th spot on GolfNow Top 10, thanks to stellar service and playing conditions.
6. Juliette Falls (4.56/5.0): Orlando-area golfers are stampeding north to Ocala horse country and this relatively new course that opened in 2008. View photos of Juliette Falls
7. North, South East at Grand Cypress (4.56/5.0): Another top course near the theme parks is this 27-hole facility designed by Jack Nicklaus. Raters appreciate the location near Disney and also a stern Nicklaus-worthy test.
8. Deer Island Golf & Lake Club (4.55/5.0): A peaceful setting loaded with wildlife is what attracts golfers northwest of Orlando to Deer Island.
9. El Campeon at Mission Hills Resort (4.54/5.0): Head for the hills to play this 1920s classic in Howey in the Hills, located just northwest of Orlando. Rolling fairways and Golden Era architecture accentuate the peaceful vibe of this shady resort that’s far removed from the tourist bustle just south on the Turnpike. More on El Campeon.
10. Eagle Creek Golf Club (4.47/5.0): This Orlando Airport-area course prides itself on great service and greens, and appears to be delivering. It’s one of the most-reviewed courses in the area, and golfers are mostly flush with praise for this Scottish-inspired layout with big, sweeping greens and firm, fast conditions.
Thanks,
Vincent Warren Paige, Jr.
REALTOR® | RE/MAX Showcase
Certified Broker Price Opinion Registered Agent (BPOR)
8934 Conroy Windermere Road | Orlando, FL 32835
Direct: 407.256.8190 | Fax: 407.264.8073
E-mail:vince@thepremiumproperties.com
Website: http://www.ThePremiumProperties.com