Seminole County Real Estate by LaShawn Norden, Lake Mary RE/MAX

While Inventory May Be Plentiful, Buyers Need to Have Realistic Expectations

Tue, 26 May 2009 14:40:56 -0500

Having realistic expectations when purchasing a home is so important in today's market.

Over the course of the last year or more, every media outlet across the globe has reported the collapse of the real estate market.

And now, they suggest that there are hundreds of thousands of homes that Buyers can purchase that are in pristine condition, in desirable neighborhoods, with every upgrade possible, for a price that is not only attainable...but negotiable...and, that those homes can be purchased and closed on within a reasonable time period.

As much as I wish that to be true, in Central Florida, that's just not the case. As a full-time professional Real Estate agent who is actively working with a dozen or more buyers at any given time, here's what IS a reality in our marketplace.

YES, there are hundreds of thousands of homes listed for sale.
YES, some of them are in pristine condition (but less than 5%).
YES, even fewer of those that are in pristine condition are located in desirable neighborhoods or sought after school districts.
YES, there are a handful that had every upgrade possible (if those upgrades haven't been removed by the seller or vandals...such as the light fixtures, plumbing fixtures, appliances, counter tops, window treatments, etc)
YES, the listing price in the MLS might be in the range that you qualify for (that is, if that price has been approved by the seller's lender(s) in the case of a short sale) or isn't under valued to create a bidding war (as is the case with some foreclosures).
And YES, you might be able to purchase and close within a reasonable time period...if you rule out non-approved short sales (and even some pre-approved short sales are taking months to close) and foreclosures (as some have "title issues" that need to be resolved before closing").

Once a Buyer determines their price range, where they want to live and what features they expect the home will have, many Buyers are coming to the conclusion that they need to be more realistic with their expectations as they aren't finding that exceptionally priced home with all the bells and whistles in a sought after community that is zoned for great schools...at least not at the significant discount that they thought they would.

Working with a REALTOR who knows the local inventory and can educate Buyers on what they can expect to find within their price range is a huge advantage for Buyers in today's market.

If you are a Buyer who is interested in purchasing a home in Central Florida, specifically in Seminole County, I'd welcome the opportunity to educate you on what you can realistically expect to find in your price range!

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty (321) 377-0157, LaShawn@LaShawnNorden.com

Buying a Government Owned Home in Central Florida? If So, Be Prepared to Pay

Fri, 24 Apr 2009 21:56:12 -0500

If you are considering buying a home in Central Florida that is owned by a government entity such as Fannie Mae or Freddie Mac, you need to be prepared to pay the documentary stamps on the deed as part of your closing costs at the time of settlement.

In a traditional sale, the FAR/BAR contract (both the FAR/BAR8 and the FAR/BAR AS-IS contract) specify that the Seller pay the documentary stamps on the deed unless otherwise noted in an Addendum and agreed upon by both parties.

With that being said, because Fannie Mae and Freddie Mac (otherwise known as the Seller) are not permitted by law to pay this fee, properties that are owned by them WILL have a clause in their required Addendum that states that the Buyer must agree to pay this expense.

In Florida, the cost of Documentary Stamps is 70 cents per $100 of the sales price...which could add $1,400 to the Buyer's closing costs for a home priced at $200,000.

While some Buyers may not mind paying this additional fee, others have a limited amount of cash to apply to their closing costs. To prevent any last minute need to break into the piggy bank, Buyers can always ask the Seller to contribute a flat amount or a percentage of the sales price towards their closing costs. Depending on the offer, the Seller may agree to the contribution, which makes it a "win-win" situation for both parties.

For additional tips on how to structure an offer on a governement or bank-owned property, call or text me at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty, (321) 377-0157, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

New Listing in Central Florida~181 Crown Point Circle in Longwood near Sabal Point Golf Course

Fri, 24 Apr 2009 00:32:17 -0500

LaShawn Norden | RE/MAX Central Realty | (321) 377-0157

181 Crown Point Circle, Longwood, FL

Carefree condo living in Longwood community overlooking Sabal Point Golf Course. Lovingly cared for & priced to sell!

2BR/2.5BA Condo

offered at $110,000

Year Built	1985
Sq Footage	1,406
Bedrooms	2
Bathrooms	2 full, 1 partial
Floors	2
Parking	1 Car garage
Lot Size	Unspecified
HOA/Maint	$235 per month

DESCRIPTION

Ideal time to buy this well-maintained DUAL Master Suite condo in Longwood/Wekiva area. Maintenance free living includes NEW carpet, NEW paint, NEW roof, NEW A/C, NEWER plumbing (in 2005) AND a oversized screen-enclosed lanai & an upstairs balcony overlooking the Sabal Point Golf Course. Priced to compete by a traditional seller who has lived & loved this property and community for years! Pride of ownership shows and the location can't be beat. Steps from the community pool and minutes to shopping, dining & entertainment options galore!

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Fireplace
Walk-in closet	Tile floor	Family room
Dishwasher	Refrigerator	Stove/Oven
Microwave	Washer	Dryer
Balcony, Deck, or Patio

COMMUNITY FEATURES

Garage parking

Swimming pool(s)

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6

Contact info:

LaShawn Norden

RE/MAX Central Realty

(321) 377-0157

For sale by agent/broker

Equal Opportunity Housing

Posted: Apr 23, 2009, 9:17pm PDT

When buying a bank-owned foreclosure (REO) in Central Florida, those who have the gold make the rules!

Sat, 11 Apr 2009 19:49:17 -0500

Over the last year or more, there has been a shift in the real estate market, with the number of homes that are short sales and bank-owned foreclosures growing by the day. As a matter of fact, in reviewing the number of active homes for sale in Central Florida, I estimate that more than 40% of the inventory that is available for sale is either a foreclosure or a short sale.

With that being said, one of the most notable attractions to foreclosures for Buyers has been the fact that they are often listed at prices that are 20%-40% less than other comparable active listings that are for sale within the same community. Banks and those real estate agents who are representing them have taken this approach to pricing in an attempt to create interest from buyers who will recognize the value, write an aggressive offer and agree to follow the "less than buyer friendly rules" that are required when purchasing.

This trend is certainly noteworthy for Buyers, as it's becoming more obvious each day that the "those who have the gold make the rules" theory is in full force when it comes to buying a bank owned home.

As evidence of how drastic this shift has become, below are a few of the more common "rules" that banks are now requiring Buyers to follow when submitting an offer on their REO (real estate owned) properties:

Provide a pre-approval letter from the selling bank's preferred lender. Although the Buyer may have a pre-approval letter from their own lender, many bank-owned homes (especially those owned by Countrywide) will require that the Buyer get pre-approved by a designated lending representative before the offer is submitted to the bank for review.
Accept the house in as-is, where-is condition. Simply put, the bank will make no repairs to the property, even if they are required by the Buyer's lender or FHA/VA to obtain the loan.
Agree to pay outstanding Homeowner Association fees, without disclosing how much is owed.
Agree to pay for documentary stamps on the deed. In Florida, that fee is .70 per $100 of the sales price. For Buyers purchasing a $200,000 house, those fees will be $1,400.
Agree to have all inspections completed prior to offer submission. This requirement thereby eliminates the "inspection" contingency in the contract.
Agree to pay a per diem charge for each day after the closing date if the property does not close, regardless of why it didn't close.
Agree that the property must be on the market for a minimum number of days before the bank will consider any offers.
Agree to provide their escrow deposit in the form of a cashier's check to the seller's attorney.
Agree that once the Buyer's offer has been verbally approved, that they will then be required to accept additional terms and/or conditions on an Addendum that will follow. Some of these addendums are so completely favorable to the Seller (Bank) that the Buyer might feel as though they are waiving their right to breathe for fear of their offer being rejected.

Regardless of whether you think these rules are "fair" or not, the banks and their agents are not making exceptions. They are what they are and Buyers need to know that the "Golden Rule" as they once knew it, has a whole new meaning today.

If you are considering buying a foreclosure (REO) property in Central Florida, you need to know what's expected.

As a full-time professional REALTOR with experience in foreclosure sales, I'd welcome the opportunity to further educate you on what you should and can expect when buying a home that's owned by a bank. Feel free to call or text me at (321) 377-0157 for a free consultation.

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty, (321) 377-0157, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

Charity Event & Art Exhibit in Lake Butler community, "Chaine du lac" on March 31st from 5P-8P

Tue, 24 Mar 2009 11:14:06 -0500

Please join me on Tuesday, March 31st from 5 o'clock until 8 o'clock for a charity event in Windermere's coveted "Chaine du lac" community.

"Chaine du lac" is a enclave of luxurious estates on the banks of Lake Butler in Windermere, Florida and home to those who desire privacy and prestige.

In addition to being able to tour an exceptionally priced custom estate within the community, guests can preview fine art and purchase raffle tickets for a variety of prizes. Music, catered food and a cash bar will also be provided.

The cost of admission is only $10 per person. All proceeds from the event, which is being co-sponored by SunTrust Mortgage & Events By Lisa, will benefit the United Cerebral Palsy organization.

Mark your calendars as this is an event not to be missed!!

Date: March 31, 2009

Time: 5 o'clock until 8 o'clock

Location: 3414 Cocard Court, Windermere, FL 34786. For more information on this property, please view the virtual tour here.

RSVP: to LaShawn Norden, PA, REALTOR, RE/MAX Central Realty by cell/text at (321) 377-0157 or by email at LaShawn@LaShawnNorden.com

LaShawn Norden, PA, REALTOR, Accredited Luxury Homes Specialist, (321) 377-0157

RE/MAX Central Realty

LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

Need Appliances for a Central Florida Foreclosure or Short Sale property? If so, Sears Commerical to Host Event 3/29/09 for You!

Tue, 24 Mar 2009 09:39:53 -0500

Sears Commercial in Altamonte Springs, Florida will be open to the public for a rare Friends & Family Event this Sunday, March 29, 2009 from 3PM until 9PM.

Sears Commercial sells pretty much anything you would need to outfit a kitchen...and at prices less than retail!

Because this event is "By Invitation Only" you'll need to call Shirley Perrotta at 407-767-6249 to make sure she has you on the guest list.

As a full-time professional REALTOR in Central Florida, I'd like to help you not only find the right home for your needs and budget, but also make sure that you have reputable referrals as well.

Be sure to tell Shirley that I referred you...that way, she'll be certain to keep me on the VIP list so that I can share future events with you!

LaShawn Norden, PA, REALTOR, (321) 377-0157, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com, RE/MAX Central Realty

Advocating for Buyers & Sellers in Central Florida

If it Walks Like a Duck and Quacks Like a Duck, it's Probably...

Thu, 19 Mar 2009 11:54:34 -0500

a Duck.

With that being said, I am personally challenged by the fact that listing agents do not truthfully market the condition of the property in the Multiple Listing Services (MLS).

Don't get me wrong, I'm not asking agents to "hurt" their sellers by revealing less than desireable qualities about a property (like the need for paint or flooring), but I do think that if the ceiling has fallen in, all appliances and light fixtures have been removed, the pool is swampy and/or the property has mold growing on the baseboards and walls, that the listing agent should disclose such when marketing the property...even if they do so in the REALTOR only Remarks section in the MLS.

When working with Buyers, it would certainly be helpful to know BEFORE I show the property that the property will need a tad bit more than just "TLC" or "elbow grease" in order to make it habitable.

If Buyers (and their agents) knew that the house needed thousands in repairs, they would then be able to make an educated decision about whether to see the home...but if that information is not provided in the MLS, the Buyer and their agent unknowingly can walk into a "disaster-like" home that the Buyer would have never even considered had they known the truth upfront.

In addition to disclosing "issues" such as the ones listed above, I would also think that listing agents who are marketing these types of homes would want Buyers to know if the home will require cash to purchase or if it will or won't qualify for FHA or VA financing. Since many more Buyers today are purchasing using a VA or FHA loan, it would be worthwhile to know if the property will meet the loan requirements before choosing to see it.

Lastly, if a property has mold...PLEASE protect yourself, the Buyer and their agent by putting a note on the front door stating so. Many people have sensitivity to mold and this is a liability house of cards ready to come falling down! Should a sign be posted on the door and the Buyer and/or their agent choose to enter anyway, they are assuming the risk...not you.

While I do not see the world through rose colored glasses, I do know that if a duck is a duck, there is no point marketing as a swan!

For your viewing pleasure, I have included a few photos of homes I've shown to unsuspecting Buyers lately because neither they (or I) knew the truth prior to the showing.

LaShawn Norden, PA, REALTOR, (321) 377-0157, RE/MAX Central Realty, Advocate for Buyers and Sellers in Central Florida, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

Stats Every Central Floridian Needs to Know About What's Selling & Why

Mon, 16 Mar 2009 23:50:48 -0500

The Orlando Regional Realtor Association produces a trade publication for it's members that is often filled with statistics related to the local real estate market. Here are a few that every Central Floridian needs to know about Lake County, Orange County, Osceola County and Seminole County:

Year over Year Decline of Median Sales Price by County~ (January 2008-January 2009)

Osceola County experienced a decline of 35.99%
Orange County experienced a decline of 34.70%
Seminole County experienced a decline of 28.88%
Lake County experienced a decline of 25.93%

First Time Home Buyers

In 2005, only 33% of the purchases were made by first time home buyers
In 2008, 41% of the purchases were made by first time home buyers

Foreclosures by County

With foreclosures on the rise, according to a search of the MLS (link to site is available here), the February 2009 statistics of active properties for sale indicate that:

29.98% of the properties in Osceola County are foreclosures
24.24% of the properties in Orange County are foreclosures
16.52% of the properties in Seminole County are foreclosures
13.00% of the properties in Lake County are foreclosures

Closed Sales for January 2009

54.57% of the 1,050 sales that closed were distressed and bank-owned properties. Sales by County were:

28.80% of the sales in Orange County were distressed or bank-owned
12.88% of the sales in Osceola County were distressed or bank-owned
8.5% of the sales in Lake County were distressed or bank-owned
4.38% of the sales in Seminole County were distressed or bank-owned

Sales of existing homes in Florida rose 27% in December 2008, which the 4th consecutive month of increased sales activity.

Median Sales Prices by County as of January 2009

Lake County ~ $135,000
Orange County ~ $150,000
Osceola County ~ $125,450
Seminole County ~ $165,00

As a full-time Real Estate professional in Central Florida, it's my job to not only know these statistics, but to share them with the Buyers and Sellers that I represent and advocate for. In today's market, it's more important that ever to hire a REALTOR who knows the market and how to best position you for success.

I'd welcome the opportunity to be yours.

For more information on local statistics, including the value of homes in your marketplace, text/call me at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com for an objective & honest evaluation of your buying or selling needs.

LaShawn Norden, PA, REALTOR, (321) 377-0157, RE/MAX Central Realty, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

Advocate for Central Florida Buyers & Sellers

Not All "Waterfront" Properties in Central Florida are Created Equal...

Mon, 16 Mar 2009 22:46:56 -0500

Especially when compared to this property!

In all of Seminole County, Florida, there is nothing that compares to this property!

This one-of-a-kind showplace boasts more 135+ feet of direct frontage on Lake Monroe, which is the 8th largest lake in the Orlando area and is part of the St. Johns River waterway, which has direct access to the Atlantic Ocean.

Outfitted with a private dock and nearly 5,000 SqFt of indoor living/entertaining areas, this 1950's home has been completely remodeled into a contemporary haven.

Unlike any other in the Central Florida marketplace...this renovated estate has perfectly manicured grounds, grand oak trees and blooming azaleas that beckon you inside, where you'll enjoy resort-style living with the finest upgrades.

From the inside out, this impeccably maintained home features panoramic water views through plantation shutter-dressed windows, a spacious and open floor plan and designer appointments throughout. Every inch of the property from the foyer to the pool cabana has been upgraded and maintained to the highest standards.

Outdoor living is just as luxurious. The grounds have been professional landscaped with ambient lighting that showcase the heated pool, cabana with water closet & dressing areas, Summer Kitchen, shuffleboard court, two stately screen-enclosed rooms and privacy wall that promotes intimacy and security.

Opportunities such as these are rarely available. Come discover Florida lakefront luxury living at its finest! Tours of this stately compound, for sale at $1.8M are available to qualified candidates by appointment.

For more photos and information on this fine home, view the virtual tour here.

LaShawn Norden, PA, REALTOR, Accredited Luxury Home Specialist, (321) 377-0157, RE/MAX Central Realty, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

The Need for an Inspection Contingency when Purchasing Short Sales and Foreclosures

Sun, 15 Mar 2009 21:30:56 -0500

Regardless of whether you purchase a brand new home from a builder, a re-sale home from a traditional seller, a short sale or a bank-owned property (a foreclosure), one of the most important steps in the buying process is to have the property inspected by a certified, licensed and insured Home/Building Inspector.

While you may elect to hire a licensed roofer, plumber, electrician and HVAC contractor to individually inspect these four main components (considered a Four Point Inspection), there are many certified Home/Building Inspectors who can & do provide a comprehensive inspection of the property by evaluating the below componets & more:

Roof
Plumbing
Electrical
HVAC (Air & Heat)
Water Intrusion
Pool Equipment
Operational status of the appliances
Structural issues
Cosmetic issues

Many properties that are being marketed as short sales or foreclosures are being sold "as-is" with a "right to inspect," which typically means that a Buyer is assuming all of the risk when purchasing the property and that the Seller is not willing to make any repairs or give financial concessions for such repairs...which is all the more reason why a Buyer should know what "issues" the house has and how much money will be needed to correct those "issues."

More importantly, many lenders will not loan money on a property with wood rot or termites, roof leaks, active water intrusion, faulty plumbing or electrical wiring, structural issues, etc. because those properties are considered higher risk (especially if the Buyer is purchasing via a FHA or VA loan program).

With that being said, Buyers should make sure that their Contract for Sale and Purchase includes an "Inspection Contingency"which allows for them to have a specific amount of time to conduct any inspection they want, to secure estimates for any repair that might be needed and to withdraw from the Contract if they are not satisfied with the inspection results or the costs associated rectifying those repairs.

If you are a Buyer who wants to purchase a home in Seminole or Orange County, Florida and would like more information on how a "Inspection Contingency" can protect you, call/text me at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com

LaShawn Norden, PA, REALTOR, Advocate for Buyers & Sellers in Orange & Seminole County, (321) 377-0157, RE/MAX Central Realty, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

Hey Central Florida Sellers...Have you considered doing THIS to sell your home???

Thu, 12 Mar 2009 00:19:58 -0500

I've seen a lot of crazy marketing antics over the years, but this one beats them all!

Recently, a local Seminole County "For Sale By Owner" ran an ad on Craig's List and found a few talented people who would be willing to "market" their home for sale for five hours (they were each paid $10/hour)...here's a few photos I took.

Like many others who were drawn by the "circus-like" activity, I too stopped by to ask the Sellers what they were asking for their home....

Once I heard, it became evident that they needed more than a juggler and a unicycle rider to sell their property...they needed a full-time REALTOR® who could help them price their home appropriately and market it accordingly!

While these particular Sellers have chosen to go the self-promotional route (and I do wish them the greatest success!), I'm fairly confident that even if they were to pay 100 people to stand on the side of the road dressed in drag and waving attention-getting flags, that if their home is not priced right, it won't sell.

Moral of the story: Hire a full-time professional Real Estate agent who will not only market your home creatively, but who will advise you on the proper price and then negotiate the best terms for you when you get a contract.

I'd welcome the opportunity to interview for the position as your Central Florida REALTOR®

I may not sing or dance or ride a unicycle, but I can and do SELL HOMES!

(321) 377-0157, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

LaShawn Norden, PA, REALTOR®, Your Central Florida Marketing & Negotiation Advocate!

A Black Eye Can Be Painful. Does Your Central Florida Home Have One?

Sun, 08 Mar 2009 22:35:46 -0500

When selling a Central Florida home, it's important for Sellers and their listing agents to have knowledge of what potential "black eyes" the property may have so that it can be priced accordingly. Just a couple of years ago, Buyers had fewer choices which made them more willing to accept a property with a "black eye."

Today, the exact opposite seems to be true.

With inventory at an all time high, Central Florida Buyers are more critical than ever of "black eye" homes and Sellers are feeling the pain. In reviewing sales statistics for Central Florida homes, it is evident that aggressive pricing is the one of the most effective ways to give relief to homes with "black eye" characteristics such as these:

Property backs to a road. Regardless of whether the road is lightly or heavily traveled, this objection can impact the value of a property by as much as 10% according to local appraisers.
There are power lines in view. While there have been ample studies that show power lines are less harmful than microwaves, there are plenty of people who don't want to live near them...let alone have them in the backyard.
Property is near the main entrance of a community. While some Buyers may not be bothered by this, others won't like the extra traffic a home near the front of the neighborhood gets.
Property is near a train track or bus stop. Again, while some Buyers may not be bothered by the noise created by the train or bus, others won't even consider purchasing a home near either.
Property is near an airport and current flight patterns have planes flying overhead multiple times per day. Living near the airport does have benefits to those who travel, but seeing the underbelly of the plane every morning may be a little too close for comfort for some Buyers.
Neighborhood is nice, but the road traveled to it is not. Homes that are located on dirt roads tend to be less desirable than those that are on nicely paved or brick roads.
Adjacent properties have commercial or mixed use zoning. Having a gorgeous custom house next to a commercial building or an apartment complex very well may impact the value. Most Buyers seek to purchase properties that are surrounded by others with the same use.
The garage was converted to extra living space. While it might be nice to have the extra "space," more Buyers would rather have a garage. By converting the garage, vehicles now must be parked outside and the lawn mower, holiday decorations and other "stuff" Buyers have collected over the years will have no where to go.

As a full-time Real Estate professional in Central Florida who advocates for Buyers and Sellers, I'd be happy to share more with you about trends in this market. Knowledge is power.

For more information on additional "black eye" characteristics that Buyers and appraisers are discounting for, call/text me at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com

LaShawn Norden, PA, ALHS, REALTOR, RE/MAX Central Realty, (321) 377-0157

Advocate for Buyers and Sellers in Central Florida

Serving Seminole County including: Lake Mary, Longwood, Sanford, Winter Springs, Altamonte Springs, Oviedo and Casselberry and Orange County including:

Apopka, College Park, Maitland, Orlando, Winter Park and Windermere

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424 Sand Pebble Cove, Longwood, FL~OPEN HOUSE, SUN, MARCH 8, 1P-4P

Tue, 03 Mar 2009 15:01:13 -0600

LaShawn Norden | RE/MAX Central Realty | (321) 377-0157

424 Sand Pebble Cove, Longwood, FL

Well maintained single family home on a culdesac zoned for great Lake Mary schools. Not a short-sale or foreclosure!

3BR/2BA Single Family House

offered at $200,000

Year Built	1992
Sq Footage	1,644
Bedrooms	3
Bathrooms	2 full, 0 partial
Floors	1
Parking	2 Car garage
Lot Size	Unspecified
HOA/Maint	$26 per month

DESCRIPTION

If you are tired of waiting for months hoping for an approval for a short-sale or only finding bank-owned homes that need thousands in repairs, this home is a must see! Located in Crystal Creek, a Longwood community zoned for A-rated schools including Lake Mary High School, this exceptionally well-maintained home is certain to please! This 3 bed, 2 bath home has been recently appraised and inspected and is ready for new owners! Featuring a well manicured lawn, an open floor plan, an eat-in kitchen with newer appliances, low-maintenance tile flooring, spacious living spaces and a screen enclosed porch. Premium cul-de-sac location in rear of neighborhood. Hurry, before it's gone!"

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	High/Vaulted ceiling
Walk-in closet	Tile floor	Family room
Living room	Breakfast nook	Dishwasher
Refrigerator	Stove/Oven	Microwave

COMMUNITY FEATURES

Garage parking

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6

Contact info:

LaShawn Norden

RE/MAX Central Realty

(321) 377-0157

For sale by agent/broker

Equal Opportunity Housing

Posted: Mar 3, 2009, 12:25pm PST

5K in Lake Mary, Florida on March 21, 2009 to Benefit Off-Leash Dog Park

Sun, 01 Mar 2009 16:05:32 -0600

The City of Lake Mary and Be a Trailblazer Inc., a non-profit 501c3 organization dedicated to improving the health and quality of life for area citizens, will be hosting a 5K in Lake Mary, Florida on Saturday, March 21, 2009 at 8:00AM.

The event will be held at the Timacuan Country Club and will end at Trailhead Park.

Proceeds from the event will be used to fund the latest Trailblazer project, which is a new off-leash dog park in Lake Mary that is scheduled for completion in late 2009.

For more information on the Trailblazer organization or the off-leash dog park project, you can visit their website here.

Additional information on the 5K including registration details can be found here.

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty, Lake Mary, (321) 377-0157, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

First Time Home Buyers: Avoid Tax Fraud When Collecting $8,000 Stimulus Credit

Fri, 27 Feb 2009 17:56:04 -0600

Earlier this year, the Economic Stimulus Plan, that included a $8,000 tax credit for first-time home buyers, was approved.

Below is what Central Florida first-time home buyers who are considering purchasing a home need to know about the 2009 Tax Credit:

The approved amount is $8,000, or 10% of the purchase price, up to a maximum of the $8,000
It is available for home purchases made between January 1, 2009 thru November 30, 2009
There is NO repayment requirement
There is a 3-year recapture if the home is sold within that time period, unless exempt according to the rules
The money is available for principal residences only (owner occupied)
To qualify, the Buyer must be a first-time home buyer, which is defined as a purchaser (and purchaser's spouse) who has not owned a principal residence in the three years previous to purchase. Owning a second home(s) or an investment property(s) does not disqualify a person as long as the principal residence rule is intact
There are income limits. To receive full credit, the maximum AGI (adjusted gross income) for individuals is $75,000 and for joint returns, it's $150,000
The property is not the qualifier, the Buyer is. Simply put, the Buyer can purchase a new home, a resale, a short sale, a foreclosure, a condo, a townhome or a luxury estate in any neighborhood, city or state and still get the credit.
It is an actual tax CREDIT~ NOT a tax DEDUCTION! As such, this is a dollar-for-dollar tax REDUCTION, which means that if the Buyer owes no taxes, they could actually get a refund check in the mail for the full $8,000
The property must be purchased BEFORE the tax credit is taken. While it may be tempting to file for the credit before actually closing on the house, beware, doing so is considered tax fraud.
Should the Buyer purchase a home after filing their taxes, they can simply amend their tax return once they close on the property.

If you are a first-time home buyer, stop thinking about purchasing a home and start acting!! Not only is inventory at an all time high, but interest rates are low, sellers are motivated and the government is GIVING YOU $8,000!!

As a full-time Real Estate agent in Seminole & Orange County, I have guided many first-time home buyers through the purchase process. If you have questions about the tax credit, getting qualified for a loan or how to find the right property for you and your budget call or text me at (321) 377-0157 or visit my website here.

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty, (321) 377-0157, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

Short Sale Addendum & Mid-Florida Regional MLS Rules: Which One Wins?

Fri, 27 Feb 2009 14:23:03 -0600

In the Fall of 2008, the Florida Association of REALTORS® published the Short Sale Addendum to Purchase and Sale Contract (aka SSA-2), which further clarifies the contingency for the approval by the seller's lender(s), the time period allowed for that approval and options for when all other time periods related to deposits, financing, inspections, etc. are to begin.

In addition to addressing the above, the SSA-2 also communicates the right of the Seller to continue to market their property and to secure multiple offers. Verbatim, that statement reads:

"Unless otherwise agreed upon by Buyer and Seller in writing, Seller may continue to market the Property for sale and accept other offers and submit those accepted offers to the Lender."

By design, the above clause should allow the property to remain active in the Mid-Florida Regional MLS (MFRMLS) and all other websites where the Broker markets their listings for sale; but according to the MFRMLS Rules Article 4.15, that is not the case.

According to the MFRMLS Rules, Article 4.15 states:

"All listings with an executed contract must be changed to "pending" status within two business days, with the exception of Right of First Refusal. Properties with any other contingencies are not allowed to remain in active status."

While there are arguments from Sellers, Buyers and their respective Real Estate agents as to the reasons why the above ruling is fair or unfair, the MFRMLS Rules are clearly trumping the statements in the SSA-2, as the MLS has been imposing fines against those brokers who fail to comply with changing the status from active to pending, even though the Short Sale Addendum allows for the continual marketing of a property that is a short sale awaiting acceptance from a Seller(s) lender.

As a full-time professional Real Estate agent, I believe that the MFRMLS should consider creating a new "Under Review" status for short sales that have received an offer, but are awaiting approval from the Seller's lender(s). During the "Under Review" period, the property would remain "Active-Under Review" in the MLS and could continue to be marketed as such, in hopes to create interest from additional Buyers who may consider submitting back up offers that can quickly be submitted if the "Under Review" offer falls through.

What are your thoughts on the conflicts between the SSA-2 and the MFRMLS Rules?

Would you agree that a new "status" might be worthwhile to consider? Why?

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty, (321) 377-0157, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

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Crucial Meeting for Central Florida/Wekiva River Homeowners~TOMORROW, Friday, February 27th @1:30PM

Thu, 26 Feb 2009 22:28:09 -0600

Earlier this week, I posted a Blog about this very same issue. You can read it here.

If passed, this proposed change could SIGNIFICANTLY impact the value and desireablity of homes within the Wekiva River Basin Study Area.

The Department of Government Affairs for the Orlando Regional Realtor Association sent out the below Call To Action today:

WEKIVA RIVER BASIN SEPTIC TANK ISSUE
A meeting of the Wekiva River Basin Commission is scheduled for Friday, February 27, at 1:30 p.m. at the East Central Florida Regional Planning Council's office, located at 631 N Wymore Road, phone is 407.326.1075.

Last Thursday, the advisory committee established by the state to review rules and regulations regarding septic systems voted unanimously to postpone consideration of implementation of rules which would require homeowners in the Wekiva River basin to purchase a much more expensive septic system at the point of major repair or replacement. Unfortunately, the Department of Health does not have to follow the recommendations of the advisory committee.

The State Surgeon General of the Florida Department of Health, Dr. Ana M. Viamonte Ros, has directed her staff to issue new rules for septic systems. These Department of Health rules would require Performance Based Treatment Systems in the Wekiva Study Area upon the sale of a home.

Such a rule is without legislative direction. Senate Bill 1214 of the 2004 legislative session clearly requires that any rule implementation by the Department be appropriate. There is no indication that the proposed rule is appropriate or required.

Such a rule is without scientific support. The report by Department of Health required by SB 1214 has not withstood peer review for adequacy, appropriateness, nor scientific method.

Such a rule is without economic reason. Performance Based Treatment Systems have substantial additional capital cost over a standard system. Performance Based Treatment Systems have substantial annual maintenance costs. The small or non-existent additional benefit to the environment of these Performance Based Treatment Systems compared to standard onsite wastewater treatment systems makes imposition of such a rule incomprehensible.

Such a rule is without economic justice. A portion of the Wekiva Study Area has some of the greatest concentrations of foreclosures that exist in Orange County . Homeowners all throughout the Wekiva Study Area are concerned about job loss and their ability to continue to live in their current residence.

Link here for a copy of the rule and a map outlining the area affected! PLEASE, PLEASE TAKE A LOOK AT THIS!

http://www.orlrealtor.com/files/pdf/proposed.doh.rule.pdf

http://www.orlrealtor.com/files/pdf/study.area.map.pdf

As you will see in the rule, a determination of replacement will have to be made at point of SALE!

Again, the Wekiva River Basin Commission meeting will be held on Friday, February 27th at 1:30 p.m. at the East Central Florida Regional Planning Council's office, located at 631 N Wymore Road, phone is 407.326.1075. The Department of Health will be outlining the advisory committee's recommendation. It is important that Realtors and homeowners show their support for the advisory panel's recommendation.

For more information on these issues, please contact Frankie Callen Elliott at 407.513.7276 or vpga@orlrealtor.com.

As a Real Estate agent who represents homeowners in Orange and Seminole County, I plan to attend and hope you will too!

LaShawn Norden, PA, REALTOR & Advocate, servicing Orange & Seminole County, RE/MAX Central Realty(321) 377-0157, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

City of Sanford Residential & Commercial Property Owners: Let Your Voice Be Heard @ Public Hearing on February 26th at 7:00PM

Wed, 25 Feb 2009 23:31:29 -0600

The City of Sanford will be holding a public hearing on Thursday, February 26th, from 7:00pm until 9:00pm at the Sanford City Hall building to hear from citizens and organizations about proposed changes to the City's code.

Should the proposed ordinace changes be approved, it could cost homeowners and commerical property owners thousands of dollars.

A detailed summary of the proposed changes can be found here.

As you can see, these proposed changes could significantly impact thousands of properties and further impact property values.

As a REALTOR who services Seminole County and City of Sanford residents, I plan to attend this hearing so that my voice can be heard.

If you can't attend and would like me to share your concerns as well, call or text me at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com and I'll voice your opinion for you.

Please subcribe below to get updates on the outcome, as I'll be posting progress reports here.

For additional information, please contact the City's Information Desk at (407)688-5000.

Looking forward to seeing you tomorrow night!

LaShawn Norden, PA, REALTOR & Advocate for Seminole County and City of Sanford residents, RE/MAX Central Realty, (321) 377-0157, LaShawnNorden.com, www.LaShawnNorden.com

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Arts, Crafts & Kisses from a Camel...All at the City of Lake Mary Festival of Arts & Crafts on March 7th

Tue, 24 Feb 2009 10:22:01 -0600

The City of Lake Mary is hosting a Festival of Arts & Crafts on Saturday, March 7th from 10:00am until 3:00pm and you are invited!

The event is sponsored by the Lake Mary Historical Society and will be held at Lake Mary Central Park at City Hall, which is at the corner of Lake Mary Blvd. and Country Club Road.

In addition to a featuring a variety of artists and select purveyors of goods & services, there will also be games for children of all ages, plenty of food, lots of entertainment and of course...Gus Jr, the Kissing Camel!

Admission is FREE and the weather is expected to be sunny and warm, which is just another reason why many choose to call Lake Mary "home!"

If you are considering a move to Lake Mary, Florida, which is located just north of Orlando, I would welcome the opportunity to show you around town so that you too can discover why this is a great place to live, work & play!

As a full-time REALTOR who often works with Relocation Buyers, I give Lake Mary a thumbs up!! As a matter of fact, I myself graduated from Lake Mary schools (notice I didn't mention how long ago!) and am now raising a family here too!

For additional information on the Festival of Arts & Crafts or other Lake Mary events, I would encourage you to visit the City of Lake Mary website here.

For information on area tours, real estate market updates and relocation information, please text or call me at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty, (321) 377-0157, Lake Mary, Florida, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

Settlement between NAR & DOJ = New Listing Agreements & More Options for Central Florida Sellers

Tue, 24 Feb 2009 09:05:36 -0600

After five years of negotiation between the National Association of REALTORS (NAR) and the Department of Justice (DOJ), a settlement has been reached that has resulted in the requirement of new listing agreements that provide more options for Sellers, who can now elect what marketing efforts their brokers provide when listing their home for sale.

Specifically, the settlement requires that Central Florida Sellers now be given more choices when it comes to the display of their property on the Internet. The new listing agreements now give Sellers the option to decide if they want their listing to be advertised on the Internet or not. If they do authorize the broker to advertise on the Internet, they can also specify whether or not they will allow for a property valuation tool to also appear with their listing and whether or not bloggers can comment on their property.

Since most Buyers start their search for a property on the Internet, I strongly encourage Sellers to allow their Broker to advertise there, but I would caution those same Sellers from considering the property valuation & blogging tool...as that valuation and the Buyer's comments can been seen by all...which may not be to the Seller's advantage if the comments are not positive.

When hiring a Real Estate agent to sell your Central Florida property, be sure that they are now using the new Exclusive Right of Sale Listing Agreement for Transaction Brokers (ERS-13tb), which complies with the settlement ruling earlier this month.

For more information, please read the notice & the affected forms on the Florida Association of REALTORS website here.

As a full-time professional REALTOR, it's my duty to inform Sellers of what their options are when selling their home. If you are in need of Real Estate representation from someone who is "in the know," I'd welcome the opportunity to assist you!

Please feel free to text or call me at (321) 377-0157 for a complimentary market analysis for your Seminole or Orange County home!

LaShawn Norden, PA, REALTOR, Your Seminole & Orange County Real Estate Advocate, (321) 377-0157, RE/MAX Central Realty, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

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If You Have a Home in Central Florida with a Septic Tank...READ THIS!

Fri, 20 Feb 2009 22:18:19 -0600

In an effort to limit potentially hazardous nitrogen seepage from septic systems, the Florida Department of Health could require homeowners who have properties within the Wekiva Study Area (WSA) to install a new septic system when they sell their home...at a cost estimated to be as high as $10,000 per property.

On February 19, 2009, the Department of Health presented "rule language" to the Review Committee, who also heard from consumers, REALTORS®, and Florida Association of REALTORS® lobbyists who all suggested that a ruling of this type could impact more than 50,000 residents and negatively impact the already sensitive real estate market.

As a result, the passing of this new rule has been delayed for the time being. While there is no guarantee that it won't be enacted in the future, those homeowners with septic tanks are protected for the short term.

For more information on the Florida Department of Health's proposed plan, I would encourage you to visit their website and read more about this proposed new ruling here.

To obtain a copy of the map of the Wekiva Study Area (WSA) to see if your home will be impacted, text or call me at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty (321) 377-0157, LaShawn@LaShawnNorden.com

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Lake Mary, Florida Custom Home @ a 40% Discount~170 Rolex Point in Washington Estates~Excellent Investment Opportunity

Fri, 20 Feb 2009 00:02:52 -0600

WOW!! Now you can own a CUSTOM HOMEin Lake Mary, Florida at a 40% DISCOUNT!

The BUILDER'S LOSS is YOUR GAIN! APPROVED BY LOCAL LENDER at this price as a short sale. Response to all offers within days rather than months.

Make your offer today on the estate at 170 Rolex Point, listed at $650,000 or for $260,000 more ($65,000 per lot), you can have your own compound with this fine estate and four additional homesites, which can be sold and developed in the future! This is an excellent investment opportunity!

170 Rolex Point is spacious and well appointed, featuring:

5 bedrooms
3 full bathrooms
2 half bathrooms
4925 square feet of living space
Two story
Contemporary style with slate roof
Study/Office/Library
Formal Living Room
Formal Dining Room
Breakfast Room
Grandiose Family Room
Wet Bar
Bonus/Loft
Media Room With Built in Desk
Plumbing for Outdoor Kitchen
Gourmet Kitchen with Two Dishwashers
Three Car Bay Garage

This custom estate is located in Washington Estates, which is an executive custom home community nestled on a quiet, tree-lined street in the premier city of Lake Mary and is zoned for excellent schools, including Lake Mary Elementary, Greenwood Lakes Middle School and Lake Mary High School.

Lake Mary is in Seminole County, one of the most sought after areas in Central Florida.

Custom homes of this size and quality are rarely available at this price! Don't miss this great opportunity!

For more photos, please visit my website here.

Call or text me today for more information at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com

LaShawn Norden, PA, REALTOR, Accredited Luxury Homes Specialist, (321) 377-0157, RE/MAX Central Realty, LaShawn@LaShawnNorden.com, www.LaShawnNorden.com

When It Comes To Florida Real Estate, I've Come To Realize: Opinions Are Like Belly Buttons...

Thu, 19 Feb 2009 23:10:22 -0600

...Everybody has one.

Yes, even the teenage cashier at the local grocery store has an opinion about the real estate market, how you could market your home for sale or how you should handle the negotiations of your short sale or loan modification. If you think about it, there's probably at least one person you know who is quick to offer their opinion on how you should handle any given situation, although they may have no real experience or knowledge on the topic at hand.

Interestingly enough, the more I think about why consumers seek the opinions of others, the more I realize that having multiple opinions is not necessarily a bad thing...as long as you are getting those opinions from professionals who have knowledge, experience and a proven track record in the field they are advising you about.

With that being said, one of the best ways to find someone who has an opinion worth considering is to ask your friends, family, co-workers or neighbors for a referral to a real estate agent.

Unless they want you to fail, most people will refer you to a real estate professional who has advanced education, years of service, a proven record and references they can provide...which is exactly the kind of person you might need to help you.

While this post is written with the real estate market in mind, it is advice that we could all follow for any professional we are seeking to hire.

For a copy of my references as an experienced Real Estate agent who advocates for Buyers and Sellers in Seminole or Orange County, which is located in Central Florida, text or call me at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com or visit my website here.

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty, (321) 377-0157, LaShawn@LaShawnNorden.com

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10 Simple Suggestions (That Cost Nothing) to Help Sellers Prepare for a Showing

Sun, 15 Feb 2009 14:38:26 -0600

Buyers have a lot of choices these days. If your home is one of the ones they want to see, be thankful...and be prepared for the showing.

To make the most of your "first impression," follow these 10 Simple Suggestions:

Mow the lawn & the pull the weeds.
Put all lawn equipment, toys, balls, bikes and toys in the garage and close the garage door.
Open the window blinds/curtains to allow natural light in & turn on the lights inside.
Make the beds, pick up the shoes & clothes (and whatever else) is on the floor of the bedrooms and secure all jewelry, firearms and prescription medications.
Clean the cat's litter box, pick up the dog's poop from the yard and sweep the the bird's feathers off the pool deck (you get the idea!)
Clean the kitchen. By this, I mean, wash and put away all dishes, wipe down the counter tops, sweep/mop the floors, empty the trash, clear off the counter tops of clutter, mail, newspapers, groceries, etc.
Clean the bathrooms. Put away all personal hygiene products (hairbrushes, toothbrushes, lotions, medications, shaving cream, razors), empty the trash, put the toilet seat down, wipe down the sink and counter top, put away dirty/used towels and close the shower curtain.
Vacuum. I know this might seem excessive, but freshly vacuumed carpet shows you care.
Make sure the house smells good. This does not mean to "cover up" a lingering smell, but to find the source of the odor and get rid of it. If that means washing the dog more often, cleaning the carpets, baking cookies or lighting candles...do whatever it takes...do it. Odors can really impact what a Buyer thinks about the house.
Leave. When the Buyer and their agent arrive, don't stick around and tell them everything special about your house. Let them open cabinets, look in the pantry, linger in the backyard and discuss where they will place furniture...all things they will be less likely to do if you are home and following them from room to room!

While these simple suggestions won't guarantee that the Buyer will like your house more than another, statistics indicate that homes that show well and are well-maintained by a caring owner will sell faster and at a better price than those that are not.

Anything you can do to sell your home faster and at a higher price (that costs you nothing but time and sweat equity) is worth doing!

For additional ideas on preparing your home to sell, call or text me at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com

Listing and selling homes in Central Florida, including Lake Mary, Longwood, Sanford, Winter Springs, Winter Park, Altamonte Springs, Oviedo, Windermere, Apopka and Orlando.

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty, (321) 377-0157

Part III: How Loss Mitigation Companies Can Impact a Buyer's Offer on a Short Sale

Tue, 10 Feb 2009 09:58:23 -0600

This series is related to Loss Mitigation companies and how they impact Sellers and Buyers in a short sale transaction. You can read Part I here and Part II here.

Now that you've had a moment to get caught up with the first two segments, it's worthwhile to think about the impact Loss Mitigation companies have on a Buyer and their offer on a short sale property.

While some Sellers and their real estate agents believe that having a Loss Mitigation company involved in the transaction is a benefit, if you are a Buyer or a Buyer's Agent, I would caution you to consider the following before believing the same:

There is a potential cost to the Buyer. Loss Mitigation companies do not work for free. With that being said, someone has to pay the "fee" charged by the Loss Mitigation company.

Most companies I have researched charge a percentage of the sales price, ranging from .5% to more than 2%. Typically, Loss Mitigation companies ask the Seller's lender to pay their fees...which means that those same lenders will net less by having a Loss Mitigation company involved. As a result, the offer the Buyer submits may not be accepted by the bank...or at a minimum, may be counter-offered by a higher price to offset the fees charged by the Loss Mitigation company.

Negotiations are being handled by a vested third party. Loss Mitigation companies generally take over the negotiation with the Seller's lender(s) regarding the Buyer's offer. While in itself this is not a problem, it could result in one if the Loss Mitigation company suggests that the Buyer or the Seller will agree to anything other than what is agreed to in writing on the sales contract.

There is no guarantee....that the Buyer's contract will be approved...or, that it will be approved faster (and at a lower price) than if the Loss Mitigation company wasn't involved. While I'm not suggesting that there is ever a guarantee, I do believe that Buyers and their Real Estate agents need to know what impact a Loss Mitigation company may have on their offer.

Regardless of whether you are a Buyer, a Buyer's Agent, a Seller or a Listing Agent, it is important for you to know what impact a Loss Mitigation company can have on a short-sale negotiations.

For additional information on selling or buying short-sale property in Seminole or Orange County, Florida, call or text me at (321) 377-0157 or email me at LaShawn@LaShawnNorden.com

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty, (321) 377-0157, LaShawn@LaShawnNorden.com

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