yes, you read the title correctly. We have added access to the Orlando MLS by cell phone. While the application does work best with the iPhone and Blackberry, you can use it with many types of smart phones. Click on the link above, enter your cell phone provider, your phone number and agree to the terms and you will be sent a text message to your phone with a link 
that allows you to download the application.
Search by address, MLS number, map and also by GPS / proximity to your current location.
This quickly became a no-brainer when it came available. We know how frustrating it is sometimes to be out driving around, see a home and pull over to grab a flier, only to find out the flier box is empty or has very little info………. now get all the info including photos on your phone, when you want it…… WHICH is usually when you are in front of the home!
The application is free, but you do need a data plan that allows you internet access or a media package via your cell phone provider. Access to data is usually part of your phone package, but you might want to check with your cell phone provider. Typically if you get email via phone, you likely have access to the media package.
If you have questions, feel free to give me a call, I will try to walk you through it, but the application is free! AND the information provided is accurate. If the home has a sign in front of it, then the information should be available, unless the home is under contract or is temporarily off the market. IF this is the case, give me a call and I will get the information you are looking for….
Just trying to make your home search a little easier.
I have told many people that the banks are offering properties at 80 to 85% property value right now, on average, and sometime lower. On more than one occasion in the past month I have been involved with presenting offers where I have competed against 9 or more offers. “YES NINE OR MORE”
The deals are there to be found without doubt, but now these banks are authorizing more losses to be had, because while the bank may accept an offer that is ABOVE list or asking price, short sales and other sales are being valued based upon the banks asking price. This has put an “unknown” factor on our market, as to how badly this will effect our market. Yes it will hurt sellers of non-foreclosures, but it will actually hurt banks as well… And they are doing it to themselves.
Want to see the bank owned and foreclosures in Avalon Park? Visit my Avalon Park Foreclosures page I have set up where you see it all!
Give me a call if you would like to take a look at any of these properties, or if you have questions regarding the process of buying an Avalon Park Foreclosure. I also can help you find Waterford Lakes foreclosures and Eastwood Foreclosures. ~ ~ ~ be sure to read the article below
ORLANDO, Fla. – May 6, 2009 – More homes for sale are attracting multiple offers as buyers pursue lower-price homes and banks low-ball asking prices to attract competing bids on foreclosures.
Multiple bids have picked up in recent months in California and other states hit hard by foreclosures and steep price drops, real estate executives say.
“If a house is in a good neighborhood, is maintained and is a good value, it’ll get multiple offers,” says Julie Holt, owner of Anclote Title Services in Tarpon Springs, Fla. One in 10 homes now draw multiple offers, up from one in 30 last fall, she says.
Multiple bids usually signify a market in which prices are rising and buyers outnumber sellers. That’s not true now, given rampant foreclosures, still-falling prices in many regions and low demand for higher-price homes. Multiple offers on distressed properties are also not new, but their recent frequency offers hope for the real estate market, says Beth Peerce, treasurer of the California Association of Realtors (CAR).
“When you begin to see people willing to fight for a property, that’s a good sign,” she says. “We are beginning to see the beginning of the end of a disaster time.”
The competition is driven by prices – California’s are down 39 percent from a year ago, CAR says – low mortgage rates and a new federal tax credit of up to $8,000 for some first-time buyers.
Other hard-hit regions are also seeing more multiple offers, mainly on:
• Lower-end homes. In Phoenix, where prices have dropped 50 percent from their 2006 peak, competition has heated up for homes under $150,000, says Realtor Michael Orr, who publishes the Cromford Report on the Phoenix-area market. He recently considered bidding on one house for $70,000. It had received 14 offers, and Orr was told to bid $110,000 to be considered.
• Good values. Holt just handled a closing on a Tarpon Springs home close to schools that was listed at $185,000. It won three bids and sold at $192,000. Three years ago, the home would have sold for $280,000, Holt says. Higher-price homes are also getting more multiple bids. “People who always wanted to live on the water are realizing it is time to buy before prices go up,” Holt says.
Some bidders may think foreclosure bargains are waning, says Mike Lyon, CEO of Lyon Real Estate in Sacramento. That market has 1,600 bank-owned properties for sale, vs. 2,800 a year ago, he says.
He says banks have lured multiple bids by setting below-market prices. Lyon cautions that government steps to curb foreclosures have delayed some.
“People are perceiving that they are running out. But there will be more,” he says.
ORLANDO, Fla. – April 2, 2009 – These days, it’s easier to make a low-ball offer than it used to be, but it’s still important to be smart. Here are some things that a real estate practitioner and would-be buyer should consider when contemplating such an offer:
- Use foreclosures as comps carefully.
- Examine details of short sales critically.
- Establish realistic time frames.
If the buyer makes a low-ball offer, the bank probably won’t be in any rush to take it. They’ll probably keep soliciting offers without coming back with a counter. Ultimately, the property is likely to sell for a higher price and, chances are, you and your buyer won’t know it until the deal is done.
See the full article via Tread carefully when making a low-ball offer. Source: ThinkGlinck, Ilyce R. Glink (03/30/2009)
If agents understood the thought process behind the banks procedures and had the ability to PROPERLY explain it to a buyer, the chances of submitting an offer the bank will approve will increase. Granted many agents know how the bank works, and then as soon as the bank figures out that the agents know…….. The bank changes their procedure.
The short story is, these are new highways we are traveling now, whether you are the buyer, the agent or even a short sale / foreclousure negotiatior.
The big thing to consider is: Can your agent properly advise you and protect you and represent you in the transaction? if you can say yes to this, then that is where you need to be.
BUT banks are not selling at 50 cents on the dollar of todays values. Yes, they are allowing near 50 cents on the dollar today, vs. 2006 & 2007 values. So THE DEALS DO EXIST and we can find them. So if you have been waiting around… pick up the phone, see what is available.
Brady Pevehouse
Orlando Real Estate
take look at our Avalon Park Foreclosures Page
RISMEDIA, March 17, 2009-Ask homeowners about their DTI (debt-to-income) ratios, and they’re likely to respond with something like, “My what ratios?!” However, when distressed homeowners are sizing up their foreclosure options, they need to brush up on DTI ratios. Lenders will be scrutinizing these ratios to determine homeowner eligibility for loan modification and other debt relief.
via DTI Ratios: What Homeowners Need to Know | RISMedia.
If you are interested in the possibility of a loan modification, the above is a good start for researching what the lender will be looking at when evaluating the possibility of approving your load modification. If after reading the article you would like a more in depth look at your specific Debt to Income ration I will be more than happy to take a few minutes to answer your questions by phone.
No one, not even real estate agents enjoy any satisfaction in losing a home to foreclosure which is often why we push so hard to achieve a short sale. This is why, even if you are attempting to achieve a loan modification, it may be in your best interest to talk to someone who understands what the lender is looking at as well as someone who understands the ins and outs of achieving a short sale.
KNOW YOUR OPTIONS
Brady Pevehouse
(407) 282-4525
Orlando Real Estate | Avalon Park Real Estate
Florida had the largest number of homeowners falling behind on their mortgage payments in the nation, according to a report by TransUnion LLC.
The Sunshine State’s delinquency rate was 9.5 percent. Nevada came in second, with 9.01 percent. Arizona’s rate was 6.93 percent and California’s delinquency rate was 6.9 percent, according to the credit reporting agency.
via Fla. ranks No. 1 in mortgage delinquency – Orlando Business Journal:.
This is definately not good news to many families and homeowners within Florida. These numbers appear to be based on the fact that those within the numbers were not 1, but at least 2 payments behind. This is exactly why the lenders need to get on board and realize that often the best choice for many homeowners is a short sale considering a very few households are successful at achieving a loan modification.
Quite likely it may be worth while for those homeowners who fall behind to consider a short sale while going through the process of attempting to get a loan modification. Many caring real estate agents (including myself) often will consider allowing a homeowner to attempt to deal with the lender regarding a loan modification while we also attempt to achieve a short sale.
This allows both opportunities to work simultaniously sometimes achieving one of the two outcomes prior to an actual foreclosure. “Just something to consider”.
Curious about what’s going on in your neighborhood? visit the Perrone Realty Orlando Short Sales and Orlando Bank Owned property search pages. Or for a quick sample click here ~~> Avalon Park Foreclosures, short sales & Avalon Park Bank Owned homes for sale.
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