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Displaying blog entries 1-10 of 18

A New Twist To The Housing Crunch, Lock Them Out!

by Petur Sigurdsson, Realtor

It is amazing how inventive people and companies are.  Watching WFTV news last night I saw their article about Eagle Creek community.  The homeowners received a letter from the Management Company for the community, stating that if you don’t pay up your homeowners association fees, you will be locked out of the community.  See article HERE.  

Eagle Creek is one of the worst hit community in the Orlando area with extremely high percentage of foreclosures and prices of homes have dropped 40 to 60% from their highest level.  So it is understandable that the Homeowners Association and the Management Company wants to do something to stop this and pressure for payments.  But taking action like this and hearing this news makes me wonder and ask a lot of questions, for example:

 

Why this Wall Street Attitude?

Do they think they are above the law?

Aren’t any provisions in the law that they can use to collect?

Won’t this lower home value more in the subdivision?

Has the legislator failed Homeowners Associations?

Does someone that is having hardship and loosing thousands of dollars deserve this?

 

Than I wonder, with all these foreclosures and housing problems.  Will we see Homeowners and Condo Associations next on the court house steps?

 

Contact Erna and Petur Sigurdsson, Realtors at The Viking Team, Realty at 321-263-5096 for help buying or selling a home in Longwood, Lake Mary, Altamonte Springs, Sanford, Seminole and Orange County and the surrounding areas of Central Florida. To Search For Homes For Sale in Central Florida Click Here. 

$8,000 Tax Credit for First Time Home Buyers!

by Petur Sigurdsson, Realtor

The National Association of Home Builders has created an outstanding Home Page that explains the $8,000 tax credit for the first time homebuyer.  On that site you will find explanations about how it works, frequently asked questions, the law’s other provisions and then some outstanding resources for the first time homebuyer.  The setup of this web-site is simple and extremely easy to navigate.  If you are a first time homebuyer, I recommend strongly that you look at this web-site.  Good work NAHB.  To link to this site just click HERE .

 

Contact Erna and Petur Sigurdsson, Realtors at The Viking Team, Realty at 321-263-5096 for help buying or selling a home in Longwood, Lake Mary, Altamonte Springs, Sanford, Seminole and Orange County and the surrounding areas of Central Florida. To Search For Homes For Sale in Central Florida Click Here. 

15. An unsurpassed lifestyle

by Petur Sigurdsson, Realtor

Finally, let’s not forget the things that brought people to Florida in the first place, and will continue to attract them – beautiful beaches, fabulous weather and a friendly business climate, with no state income tax.  It’s no wonder that Florida’s combination of temperate climate, outstanding recreational amenities and economic opportunity has consistently put us at the top of Harris Poll’s “most desirable places to live” survey.

Summing up the benefits, 2007 Florida Association of Realtors® (FAR) President Nancy Riley says, “Florida Realtors know buying a home is a very personal investment – an investment in a family’s future. Although research shows it is the largest single investment most families make and helps to provide security for the future, owning a home isn't just a financial investment. Ownership is about having a place to call home: a place where families build a future and become part of a community.”

Contact Erna and Petur Sigurdsson, Realtors at The Viking Team, Realty at 321-263-5096 for help buying or selling a home in Longwood, Lake Mary, Altamonte Springs, Sanford, Seminole and Orange County and the surrounding areas of Central Florida. To Search For Homes For Sale in Central Florida Click Here. 

14. Good for communities.

by Petur Sigurdsson, Realtor

People who own homes have a strong financial stake in what happens to their community and tend to become more involved in community and civic affairs. Studies show that homeowners also interact with their neighbors to gain wider influence over their neighborhoods and communities. Homeowners join up to 41 percent more civic and/or nonprofessional organizations than renters, such as the PTA or Scouts; vote in local elections 15 percent more often; enhance their neighborhoods with gardens 12 percent more often; attend church about 10 percent more often; and have a 3 percent greater chance of being interested in public affairs.

Contact Erna and Petur Sigurdsson, Realtors at The Viking Team, Realty at 321-263-5096 for help buying or selling a home in Longwood, Lake Mary, Altamonte Springs, Sanford, Seminole and Orange County and the surrounding areas of Central Florida. To Search For Homes For Sale in Central Florida Click Here. 

13. Good for kids.

by Petur Sigurdsson, Realtor

Studies show that children raised in homes owned by their families are more likely to stay in school and more likely to graduate high school. They’re also shown to have a higher lifetime annual income.

Contact Erna and Petur Sigurdsson, Realtors at The Viking Team, Realty at 321-263-5096 for help buying or selling a home in Longwood, Lake Mary, Altamonte Springs, Sanford, Seminole and Orange County and the surrounding areas of Central Florida. To Search For Homes For Sale in Central Florida Click Here. 

12. Greater well-being.

by Petur Sigurdsson, Realtor

Owning a home leads to increased personal well-being. Research shows that people who own their own homes tend to show higher levels of personal esteem and life satisfaction, which in turn helps to make homeowners and their children more productive members of society.

Contact Erna and Petur Sigurdsson, Realtors at The Viking Team, Realty at 321-263-5096 for help buying or selling a home in Longwood, Lake Mary, Altamonte Springs, Sanford, Seminole and Orange County and the surrounding areas of Central Florida. To Search For Homes For Sale in Central Florida Click Here. 

11. Homeownership has value.

by Petur Sigurdsson, Realtor

Realtors believe – and research supports that belief – that homeownership provides a variety of benefits, tangible and intangible, to the community as well as the individual homeowner. Studies show that home equity is still the largest single source of household wealth, both for the individual homeowner and for homeowners as a group. Home value is the most important single aspect for homeowners.

Contact Erna and Petur Sigurdsson, Realtors at The Viking Team, Realty at 321-263-5096 for help buying or selling a home in Longwood, Lake Mary, Altamonte Springs, Sanford, Seminole and Orange County and the surrounding areas of Central Florida. To Search For Homes For Sale in Central Florida Click Here. 

10. Positive investment outlook.

by Petur Sigurdsson, Realtor

Every quarter, the University of Florida’s Bergstrom Center for Real estate Studies conducts a survey of industry executives, market research economists, real estate scholars and other experts. In the third quarter 2008 survey, the investment outlook for various types of Florida properties remains steady. “People who have responded to our surveys have not lost their faith in Florida as a place to be and a place to invest,” said Dr. Wayne Archer, director. “We have 40 pages of comments from our respondents, and although the dominant theme is the disruption of financing, perhaps the second theme, as one person put it, is people being on the sidelines with full pads and helmets just waiting to jump back in.”

Contact Erna and Petur Sigurdsson, Realtors at The Viking Team, Realty at 321-263-5096 for help buying or selling a home in Longwood, Lake Mary, Altamonte Springs, Sanford, Seminole and Orange County and the surrounding areas of Central Florida. To Search For Homes For Sale in Central Florida Click Here. 

9. A diverse economy

by Petur Sigurdsson, Realtor

While the national economic downturn has definitely affected the banking and finance sector, other pillars of Florida’s economy remain strong. Healthcare, tourism, education and government are stable components of the state’s business environment, and the life sciences sector is fast becoming an important driving force in South and Central Florida. According to Enterprise Florida Inc., the Sunshine State is ranked as one of the best states in the nation to be an entrepreneur.

Contact Erna and Petur Sigurdsson, Realtors at The Viking Team, Realty at 321-263-5096 for help buying or selling a home in Longwood, Lake Mary, Altamonte Springs, Sanford, Seminole and Orange County and the surrounding areas of Central Florida. To Search For Homes For Sale in Central Florida Click Here. 

8. A favored retirement destination.

by Petur Sigurdsson, Realtor

Over the long term, Florida stands to benefit from the migration of the aging Baby Boomer generation, roughly 80 million strong. Demographic studies show that the Sunshine State’s mild climate and outdoor amenities continue to make it an attractive retirement destination. And than there is a growing number of Chinese are joining home buying tours organized especially for investors who want to take advantage of falling U.S. Real estate prices amid a financial crisis. "The Chinese are going to seize the opportunity to take advantage of some great deals.  There fore you need to do something now.

Contact Erna and Petur Sigurdsson, Realtors at The Viking Team, Realty at 321-263-5096 for help buying or selling a home in Longwood, Lake Mary, Altamonte Springs, Sanford, Seminole and Orange County and the surrounding areas of Central Florida. To Search For Homes For Sale in Central Florida Click Here. 

Displaying blog entries 1-10 of 18