Home Ownership: The Mortgage Interest Benefit Homeowners Have Over Renters

There has been talk, that politicians want to take away the Home Mortgage Interest Tax Deduction,  currently enjoyed as a benefit of Home Ownership.  Home Owners comprise 65% of the population.  Despite the housing market crash, and five million home foreclosures nationwide, the American Dream is still surviving depsite these tough economic times. 

While it is true that Mortgage Burning Parties may be forever a thing of the past, removing the benefit of the Home Mortgage Interest Loan Deduction would be paramount to sucker-punching the home buying public.

Home Mortgage Interest Loan Deductions do trickle down through the economy. When a homeowner receives a credit it reduced their tax liability. Closing costs are also a tax deductible item.

So in any given year someone buys a home, the following years return is often a hefty one if they had rented previously. 

 The housing market has already suffered significantly-there is no point in slashing the one true benefit home owners have which is the tax deduction of their Home Mortgage Interest and Property Taxes.

 

That money can be reapplied to future mortgage payments, or used to offset unexpected expenses.  With unemployment at 14.3% (real) including people who have been out of work, whose benefits have expired, or have just given looking–the demand for continued relief in any form will help taxpayers in tough times. For those who have been long time home owners it will help stave off rising costs in other areas.  Until such time as the economy really recovers, it would be counter-productive for legislators to be looking at this as a consideration.

Lease to Own Property in St. Cloud Florida

 LEASE TO OWN RENTALS INQUIRIES RISE  in my Market of St cloud Florida.

Lease To Own Homes, not a new idea by any means, but an old idea that is experiencing a renewed interest among renters. With Sellers…not so much. The concept of “leasing to own” or “Lease With The Option to Buy” is designed for renters to be able to apply a portion of the monthly rent to a down payment to purchase the property at a later date. (Typically within a year of the lease agreement)
 
Increased demand for housing, has lead some renters to make more inquires about Lease Options, or Rent to Own properties. But in a distressed area, that can be a very risky proposition. If the landlord/property owner is in default you could end up losing everything you have down.
 
For Sellers, there is NO benefit in a rising market. If you agree to sell the property in a year, you are speculating that the price would have to drop in order for your deal to be a good one for you. Unless there are other factors influencing your decision, and you feel having a buyer ” in residence” is the best way to go.
 
If you have been waiting for the market to “rally back” to previously over inflated property values, then it is not a good idea to engage in a contract now. A lease to own not only involves a lease, but a purchase option which if signed by all parties IS a contract.
 
While it is unlikely the prices for homes in St Cloud or homes in Kissimmee will get back to those previous high watermarks anytime in the near future. Many Florida home owners need to see the housing market improve from where it currently is and are waiting patiently for the market to turn around before considering selling. An average home price is $121,000. Most people who purchased in 2005-2007, cannot afford to sell for that price. So as a result, they would not benefit from a lease to own scenario at this time.
 
The housing market is far too unpredictable, and still under pressure from foreclosures, and short sales to make Lease/Options viable. In a years time, the renter can” opt” out and choose not to purchase. Also known as first right of refusal. But depending on where the market is at that time, it is risky. In a rising market it is clearly to the advantage of the renter/buyer. In a declining market it is the seller which would benefit to the greater degree. Which is why under present market conditions, and an uninspired economy, the Lease To Own Purchase Option has all but vanished in Real Estate.
 
Poor Credit also plays a factor. People looking to rent (with Lease to Own Options) generally have a credit issue of some sort that would prevent them buying outright. Otherwise, they would be seeking to capitalize on the historically low home loans lenders are currently offering (still under 4%) and be pre-approved to purchase property outright.
 
Those will less than stellar credit, are hoping to secure a “deal” while prices are low now and capitalize on it later when the market has more sufficiently rebounded and their credit may have matured to a point where getting a loan is more viable.
 
The Census Data indicates that 65% of American own their own homes. Down from previous years, is the result of the mortgage meltdown crisis, high unemployment, under-employment and a lackluster job market, and homes still underwater, combined with the foreclosure fallout and recent escalation of foreclosure filings, which is affecting one in every 167 homes locally.
 
Sellers who find themselves owing more than their homes are currently worth have other options with their lenders under the Home Affordable Mortgage Program (HAMP) and lender incentives giving them cash at closing to remain in their during the short sale process.
 
In addition, the 25 Billion Settlement with the five top lenders as a result of “Robo” signings have resulted in an increase of home loan mofidications designed to save home owners from going into foreclosure by reducing the amount of their current monthly mortgage payments.
 
Freddie Mac reduced fixed-rate 30 year mortgage interest rates by 1.5% saving homeowners who owed $200,000 a whooping $2900 in interest payments a year.
Banks are working harder to reduce principal amounts owed in hopes of decreasing the record high foreclosure filings which have plagued Florida for more than the last four years.
 
As the number of renters increases, rents are expected to continue to rise proportionately to demand for rental properties.
Investors know holding properties long term is one way to increase profitability-and therefore would not consider converting a “cash cow” into chopped meat by taking a lease option on their investment.
 
So with inquires on the rise, understanding why the supply of these types of homes is in short supply gives renters who wish to re-enter the home market (at some point in the future) a better understanding of why sellers are reluctant to want to participate at this time.
There risks to the renters as well. A “landlord” giving you a lease option and is not making mortgage payments is still at risk for losing their property to foreclosure. Placing the renter is a precarious position. The lease would be honored, but the Purchase Agreement may not. Leaving the would be buyer out the money which was to be applied toward the downpayment or purchase price.
While it is tempting from a renter perspective to want to maximize their return on their rent money by having it be utilized as dual purpose rent/ downpayment credit; it is a slippery slope. Finding a cooperative buyer, having a fully executed contract, making sure money is deposited into escrow, and a monthly accounting of what funds are being applied and how, make the bookkeeping aspect significant. Consult a real estate attorney before signing any legally binding agreement.
Millions of former home owners are affected by either having participated in a short sale or been foreclosured upon, and possibiliy even filed for bankruptcy and as a result have damaged their credit.
Renters who have poor credit and feel they cannot qualify under current lending standards, should still consult with a lender and learn how to improve their credit scores, ask what the proper time frames are to re-establishing credit worthiness, and how they can re-build their credit to an acceptable level for credit consideration in the future and construct a plan to achieve that.
 
 

 

Examining the St. Cloud Rental Market- Why developments don’t work as good investments.

 Examining the St Cloud Florida Rental Market  Why developments don’t work as good investments.

While planned developments appeal to the average consumer, they can be money pits in disguise.  The park-like settings, and Norman Rockwell appeal comes with a hefty price tag. 

Consumers want nice amenities. They want community pools, and fancy clubhouses, fitness centers, and lighted sidewalks for evening strolls.  All of these things cost the builders money. Or does it?

CDD fees (community District Development) are bonds the builders put in place to pay for amenities like sidewalks, street lighting, club houses, community pools and common areas. These bonds are rolled into the property tax paid by home owners.

 Novice investors lost their shirts when the housing market peaked back in 2007.  Why?

 

Saavy investors look at the bottom line. Novice investors did not.  Attracted by the new, shiny, and nice features not the bottom line. They were thinking like “home buyers” and not like “investors”.  As a result, they got sucked into losing propositions.

Novice investors, did not factor in the carrying costs and additional fees as part of their investment. For that reason sub divisions while appealing to consumers as primary residences are attractive, are losing propositions for seasoned investors who know the burden of additional taxation such as CCD fees and Home Owners Association fees chipped away at their profit margins.

Comparing apples to apples, a 3 bedroom 2 bath home within the city limits of  St Cloud Florida (outside of development) may have property taxes within a range of $2000-3000.  A similar home inside a development with CDD fees would have a tax base of $3000-4000.  Not including the additional cost of the home owners association fees. 

It is not hard to figure out why they went belly up when the market went flat.  They got caught short as value began to decline and the carrying costs were prohibitive from profitable renting.

While sub-divisions are still appealing to many as primary and secondary homes, they are by no means “tax-payers” when it comes to investment and return on investment unless renter have deep pockets. Which in this economy is hard to come by. 

What Renters are Looking for.

It can be summed up in just 2 words.In two words: AFFORDABLE HOUSING

Most renters are very cost conscience. Times are tough all over, unemployment is high, and disposal income is diminishing.  As a result renters are looking to cut costs where ever possible.  They are turning to the historic homes, and smaller homes in town as a way of saving money and cutting back on paying for amenities they will rarely use.

Seeking Snow in Florida? Try The Winter Festival at Harmony

Seeking snow in Florida?  Try the Winter Festival at Harmony. Harmony, is located on US 192 in Osceola County, 30 minutes from Disney and Melbourne, and 20 minutes from Lake Nona Medical Center.  This lovely golf front community, will be hosting their 4th Annual Winter Carnival at the Harmony Town Square.  The Carnival will be open from 10AM to 2PM. Admission to the event is free and open to the public.

Tons of Fun in Snow under sunny Florida Skies- 10 tons, in fact of snow. Designated areas for toddlers, and Big Kids.  How about a snow slide? Yep, they will  have one.  There will be a giant snow globe, pictures with the Jolly Old Elf himself Santa Claus, bounce houses, craft vendors for some great unique gifts, food vendors, various competitions,  and a special performance by Najorka Performance Horses and a choir  to perform some holidays favorites. 

 Saturday, December 17th, 2011  The Winter Festival at Harmony is something everyone can enjoy.

This is a family friendly event, all ages can enjoy. While there, you may want to preview some of the wonderful homes available. Harmony is a lush 11,000 acres golf front community, accented with two fresh water lakes, Harmony Community School (K-8) and Harmony High School across the street. Homes in Harmony Florida  Range from the mid $100’s-$900,000 rangeSee a sample of Harmony homes here

 The unique theme of this community is the town feeling. There is a town square, the Harmony Golf Course, the multi million dollar Harmony club house featuring great food at the 19th hole and even a Harmony community pool.  Festivities at various times of the year, and a strong sense of community can be found here.

 
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Whether Buying St Cloud Florida Homes & Land, or Selling St. Cloud Homes or Land, Allison will take the time to find out what is important to you, answer your questions, and share important information on current market conditions.

Licensed and Certified we specialize in ALL aspects of residential Real Estate. From contact to closing we are with you every step of the way, answering your questions, overcoming obstacles and getting you to the Closing table as stress free as possible. Our team consists of like minded, friendly knowledgeable Sales Associates who offer outstanding Customer Service. We guarantee you love what we can do for you in making your Home Buying or Selling Experience with us a good one.

St.Cloud Homes & Land, LLC is a full service Licensed Real Estate Agency Providing OUTSTANDING customer service and commitment to excellence for its clients. Kissimmee Homes, St Cloud Florida Homes, Kissimmee Vacation Homes, Kissimmee Town Homes, Kissimmee Condos, St Cloud Vacation homes, St Cloud Town Homes, St Cloud fl historic homes, St Cloud Fl condos, all OSceola County Real Estate Properties.

Our Customer call us ” The best in business”, call us 407-545-8002

 

St.Cloud Homes & Land, LLC is a full service Licensed Real Estate Agency Providing OUTSTANDING customer service and commitment to excellence for its clients. The best in business, call us 407-545-8002

St.Cloud Homes & Land, LLC
Providing Professional Real Estate Services
2490 Bronco Drive
St. Cloud, FL 34771
Phone: 407-545-8002 | Email: Allison@Kissimmee-stcloudflhomes.com

Kissimmee St Cloud Florida Why Buy Here?

      Kissimmee-St Cloud Florida Homes- Why Buy Here?

      Kissimmee -St Cloud Florida Homes For Sale.  Kissimmee St Cloud is geographically convenient to all the attractions without the tourist traffic most locals dread. Located southeast or Orlando, and within close proximity to the Orlando International Airport.  Yet it is near the hub of the attractions such as Disney, SeaWorld, The Wizzarding World of Harry Potter at Universal Studios, Beautiful  sprawling, sun soaked sandy Beaches on the Space Coast, and Melbourne Beach, and Cocoa Beach the hub for cruise lines. It is also  an easy drive to Daytona for Nascar fans.

St.Cloud Florida was established in 1909 as a City.  There are still many St. Cloud Florida Historic Homes which dot the tree lined State Streets.   St. Cloud Florida roots date back to the Civil War era. It is home to G.A.R., Veterans Museum in Kissimmee, Veterans Library, and many military vehicles are proudly on display in the park located on Highway 192 which is the main street.

The beautiful St Cloud Florida historic District is rich with restaurants and unique antique shops, vintage hotels, and a sense of small town Americana in the shadow of the high tech amusement parks located within a half an hours drive.

It is the geographically, the best place to live being centrally located, and predominantly residential.

Minutes from Lake Nona Medical Complex,Medical School, an easy commute to Orlando, or The University of Central Florida (UCF) and both the Osceola and ake Nona campuses of Vallencia College

Architecturally, the styles of homes in St. Cloud Florida vary dramatically. From its sugar mill era of turn of the century homes to modern new modern communities. There is something that will appeal to just about everyone.

Whether you are sun-seeking, or relocating  to Florida St. Cloud Florida has something for everyone. Homes, Land, Business Opportunities are all available here.

St.Cloud Kissimmee Florida home Prices are very attractive to Buyers, and there is an ample selection of homes to chose from and homes are slowly appreciating in year over year comparisons.


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Relocation services to Kissimmee St Cloud Florida are available. Contact us for a free relocation guide email a request to: Allison@Kissimmee-stcloudflhomes.com

st cloud  median sales prices

 Allison Stewart Real Estate Broker/Owner- St. Cloud Homes & Land, LLC Local Kissimmee-St Cloud Florida Real Estate Experts. Looking to buy in Kissimmee -St Cloud Florida; we will streamline the process and eliminate stress with our proven Purchasing System. Looking to sell your existing Kissimmee -St. Cloud Florida home we have a program for that too. We provide Unparallelled Customer Service, Rapid Response, and concenrate on your individual Real Estate Needs. Have a question? Contact us at Allison@Kissimmee-stcloudflhomes.com or call 407-616-9904

 

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St. Cloud Kissimmee Real Estate Experts

St. Cloud Homes & Land, LLC YOUR Local Real Estate Experts serving Home Buyers/Sellers in Kissimmee, St. Cloud Fl, Harmony, Lake Nona, Anthem Park, Bay Lake Ranch, Lake Lizzie, Reunion, Celebration, Lakepointe, Steven Plantation, Acadia Estates, East Lake, Windermere, Bay Hill. Our unparalleled service begins with YOU.

Allison Stewart Real Estate Broker/Owner- St. Cloud Homes & Land, LLC Local Kissimmee-St Cloud Florida Real Estate Experts. Looking to buy in Kissimmee -St Cloud Florida; we will streamline the process and eliminate stress with our proven Purchasing System. Looking to sell your existing Kissimmee -St. Cloud Florida home we have a program for that too. We provide Unparallelled Customer Service, Rapid Response, and concenrate on your individual Real Estate Needs. Have a question? Contact us at Allison@Kissimmee-stcloudflhomes.com or call 407-616-9904

St.Cloud Homes & Land, LLC
Allison Stewart Broker, SFR, CDPE
407-616-9904
Allison@Kissimmee-stcloudflhomes.com

 

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Leading Experts Say The Housing Market Will Not Recover..Really? What is Happening in the Florida Housing Market

Leading “Experts” Predict the Housing Market will not recover…really?  As leading St Cloud RealtorFlorida Realtor and Kissimmee Real Estate Expert-I beg to differ. Real Estate has always been a cycular commodity. Even in the Great Depression of 1929, the housing market did bounce back then; just as it will again, but in a much more controlled slow manner. If one expects instant gratification and rebound-that will not happen.

How will the housing market  recover occur? Let’s Look at the Florida Housing Market. As a leading Realtor/Broker in St. Cloud Florida, I can say with certainty that the recovery of the housing market in St. Cloud and Kissimmee Florida Housing market is largely dependant upon the banking industry and foreclosed homes being held in silent inventory.

 If the banks release  too many foreclosed homes  at one time, the market will be oppressed for an extended duration. However, if the foreclosed inventory is released incrementally, prices will make gains, as they are currently in the St Cloud and Kissimmee Florida areas, although modestly. These areas were among the hardest hit in the Housing Market Crash. So the fact that gains are being made is noteworthy.

The real question is it sustainable?

Only if the banks continue to make foreclosure  releases in moderation. It will take years to liquidate the surplus inventory of homes they currently are holding as a result of defaulting borrowers.  However, as history indicates here in the US, 6% annual gains in the housing market were sustainable for over 30 years prior to the artificial creation of the housing bubble which was attributed to the media fueling a  manufactured frenzy, lenders offering loan products which were designed to put borrowers in jeopardy and lack of consumer knowledge in general regarding the terms and conditions of the loan they were being offered which were too good to refuse for many. The frenzy created  was unsustainable and unrealistic, causing hyper inflation of homes and subsequently had no other reasonable course but to decline when borrowers failed to meet their mortgage obligations. 

So FOUR years later….

The housing market in the US is making gains in year over year comparisons. They are not overly impressive gains, but are gains none the less.  There  is ample opportunity for first time home buyers to enter the housing market from which they were previously excluded due to hyper inflation of housing prices.  .

FACTORS OFTEN OVER LOOKED BUT WORTHY OF A MENTION

 Renters: Shut out buyers have been laying in wait, and have now discovered they can afford housing. Prices have reverted to previously low levels which is opportune timing for them. They will transition from renting to buying.

Women will buy in larger volume than they did previously. As much as as 20% is predicted to be female professional women

We have the return of thousands of Veterans with benefits reentering the housing market.

 Loans will be secure, and they also now have opportunities available to them to  utilize those VA benefits which they earned while in Military Service.

They will now, just as they did back in the 1940’s after WWII stimulate the housing market.

In addition, we have a growing population of baby boomers who are well qualified and funded with retirement income, dividends from other investments, and pension plans looking to invest in housing as a shield from higher proposed taxes, and as a means of protecting their estates from increased taxation.

They are in an excellent position to purchase now, hold for future generations, or subsidize their previous investment income by transitioning into rental ownership until such time the market recovers.

 There are four or more sectors of the population which can and will sustain the housing market.  The key is in the hands of consumers as well as the control of release of the previsously foreclosed  home inventory.  Do not expect instant gratification- there is no quick fix other than time for the housing market to heal and regenerate which is slowly beginning to do.

St.Cloud Homes & Land, LLC is a full service Licensed Real Estate Agency Providing OUTSTANDING customer service and commitment to excellence for its clients. Kissimmee Homes, St Cloud Florida Homes, Kissimmee Vacation Homes, Kissimmee Town Homes, Kissimmee Condos, St Cloud Vacation homes, St Cloud Town Homes, St Cloud fl historic homes, St Cloud Fl condos, all OSceola County Real Estate Properties.

Our Customer call us ” The best in business”, call us 407-545-8002

Defining Market Recovery-Is the Florida Real Estate Market Recovering?

IS THE FLORIDA REAL ESTATE MARKET RECOVERING?-You bet it is.  By St. Cloud Realtor, Allison Stewart 

 I recently received an email from a friend asking if the Real Estate Market is really recovering. It has a snazzy Google Map which showed foreclosures int he hardest hit areas. Orlando for instance was 1 in 14 homes. IT LOOKS DRAMATIC- A SPLASH OF RED DOTS EVERYWHERE…BUT LET’S LOOK CLOSER- as a leading realtor in St. Cloud Florida, I study the market and what it is doing daily. I have seen consistent gains being made for more than six consecutive months. Not huge jumps, more a slow steady increase in sale and slight rise in the median price of homes for sale in St. Cloud Florida.

I noticed under Orlando- it covers Orange, Osceola , and a bit of Polk County as well.

Note this also includes TIME SHARES – remember them? They technically fall under foreclosure status because a buyer is issued a deed with their shares. So 1 Unit can technically default 52 times (by 52 separate owners) This puffs the numbers, but is valid.

Strategic Defaults: from Investors, Foreign Owners, and Domestic Investors particularly in the Orlando Area including Osceola County; have added to the numbers as well. Remember the boom attracted speculators like a moth to a flame. The overpriced investments were among the first to tank when the market soured. Homes in Harmony Florida  is an excellent example of this 44% of the homes are in receivership. $300-400,000 dollar homes sold in 2005-2007 are now selling for $129,000-149,000.

PREVIOUSLY FORECLOSED PROPERTIES:

Bank of America is currently holding a FIVE year inventory of foreclosed homes. (This came directly from Bank of America sources) Wells Fargo, is seeking deficiency judgements on borrowers who default. So they not only will take your home; they will slap a judgement on you for the unpaid balance if you try an sell short sale. This is a double whammy to your credit. The deficiency judgement can sit and collect dust in the court house records indefinitely but could prevent you from getting a loan in the future until it is paid.

BANKRUPTCY:

DOES NOT stave off foreclosure- it halts the process until the debts are discharged-then the foreclosure moves forward. Because Florida is a judicial state; the current backlog of pending foreclosures is just over 400 days from the date of filing. During this time they do have the option of applying for a short sale to avoid foreclosure. Distressed homeowners, can remain in their for over a year (not pay their mortgage) by the time the foreclosure gets in front of the judge. And many are.

Here is another little ditty: HOA’s are also filing foreclosure notices on delinquent homeowners! Nice huh? They have attorneys who have successfully foreclosed for non payment of dues. This is particularly dangerous for homeowners who have paid off their homes.

SHIFTING FROM A TRADITIONAL SALE TO A DISTRESS SALE FOR THOSE HANGING ON BY A THREAD

There are rare cases where the homeowner has accumulated equity ( from homes purchased 12-15 years or more ago)-then suffered a hardship (like the loss of a job) when they become delinquent; The home owner lists the house and gets an offer- the bank enforces the “Accelleration Clause” which is found in every mortgage under the default terms. This escalates fees, penalties, and interest at a rate which makes it impossible for the home owner to remain liquid. As such if they fail to close by the bank deadline, the banks will not rescind the fees to close; they will instead offer the option of becoming a short sale.

A Notice or filing is not necessarily a foreclosure. Although it is recorded that way- it is not a foreclosure until it goes before the judge. SO the numbers are skewed somewhat by the “Notices” which are intent to foreclosure and not actual foreclosures.

Also noteworthy are the changes in Short Sales ( where the home owners owes more than the home is worth) The foreclosure crisis was fueled by lenders NOT accepting short sales and refusing to work with distressed home owners, taking as long as 6 months to accept an offer, or waiting 6 months to reject the offer and moving forward on foreclosure- until December 28, 2010 when the Home Affordable Foreclosure Act– (HAFA) was signed into law.

Under HAFA- homeowners have a 30 day response from the lender required. Relocation incentives up to $6000 for junior lien holders Property can be vacant or rented for up to 12 months

Did you know… Chase Bank is offering Short Sale applicants an additional incentive- I have one borrower who is eligible for $10,000 at closing IF he sells his house. He would have also received an additional $3000 if he still lived there under HAFA guidelines. The banks figured out that flooding the market with foreclosures only drove the prices down.

So they have restricted releasing foreclosed homes while tightening lending requirements for new borrowers. Cash buyers are having a field day. Foreclosures also known as REO (Real Estate Owned) homes are being held in “Shadow Inventory” by lenders in hopes of recovering more of the lost investment. They have, in most cases already collected from Mortgage Insurance companies which helped them by insuring as much as 25% of the lost investment. They too must sign off on a short sale as well as the bank Investors which include Fannie and Freddie.

So what does this all mean?- it means that investors, second home owners, first time home homes and Veterans wanting to use their GI Bill have an opportunity here to get a home at historically low prices. Interest rates are also at historic lows.

In St. Cloud, prices have reverted back to the early 1990’s. Making them very attractive investments as rentals, and first time home buyers.

The average price is $122,000 in St. Cloud, Florida at the moment. And yes, sales are being achieved. Buyers are looking to take advantage of the favorable conditions, lower interest rates, and good supply of homes know that by buying now- they have a hedge against inflation and and edge over devaluation of the dollar concurrently.

Food for thought….

Homes & Land, LLC,. A local St Cloud Florida Real Estate Brokerage.

Committed to excellence and superior customer service, the emphasis has always been on Unparalelled Customer Service which begins with YOU. St. Cloud Homes & Land, LLC has performed consistently and grown over the years. What makes us successful is our commitment to you.

Knowing a little about us is nice, but Focusing on what is important to you is what we do best!

Whether Buying St Cloud Florida Homes & Land, or Selling St. Cloud Homes or Land, Allison will take the time to find out what is important to you, answer your questions, and share important information on current market conditions.

Licensed and Certified we specialize in ALL aspects of residential Real Estate. From contact to closing we are with you every step of the way, answering your questions, overcoming obstacles and getting you to the Closing table as stress free as possible. Our team consists of like minded, friendly knowledgable Sales Associates who offer outstanding Customer Service. We guarantee you love what we can do for you in making your Home Buying or Selling Experience with us a good one.

St.Cloud Homes & Land, LLC is a full service Licensed Real Estate Agency Providing OUTSTANDING customer service and commitment to excellence for its clients. The best in business, call us 407-545-8002

St.Cloud Homes & Land, LLC
Providing Professional Real Estate Services
2490 Bronco Drive
St. Cloud, FL 34771
Phone: 407-545-8002 | Email: Allison@Kissimmee-stcloudflhomes.com

Why Color Matters When Renovating or Making Your Home Ready For Market

DOES COLOR MATTER? WHEN IT COMES TO HOMES IT MAY. Everyone seems to have a favorite color, wouldn’t you agree? Take for instance a sports car; the number one color is red. It is flashy and eye catching. When it comes to homes however, a red home does not have the same impact as it does with a sleek stylish sports car does it?

Red is perhaps one of the least appealing colors when it comes to something as large as a home.

It tends to make the home look smaller, and even a little dingy.

The enclosed porch also makes the house seem forbidding, dark and unattractive.

Not exactly the home you would put first on your list is it?

  When previewing homes it is important to remember that some things like color can be easily changed.  Do not write off a home because you do not like the color.

 

 

How about now?

This is the same house “After”

Blue was an excellent choice for this home.  See what a dramatic difference a few gallons of paint can make?  Had you passed on this home the first time, you may have missed a diamond in the rough.  Sometimes seeing it as it could look with a little TLC is worthy of a little thought.

Removing the screens from the porch, and painting the posts white make it much more welcoming and inviting.

 

Color does impact the way a potential buyer may perceive your home. Choosing the right color can make a big difference and increase the value of your home as well.  When previewing homes, consider making changes which will bring the property to life. These things include exterior paint, landscaping, and contrasting or complimenting trim colors.  All very simple things which have a dramatic impact.

7 Ways To Enhance Your Kissimmee St Cloud Florida Home Value

 Enhancing your Kissimmee St Cloud Home Value can be done easily and inexpensively. The economic downturn has forced many homeowners to put off costly repairs, and even routine maintenance due to lack of disposable income. Often these simple things, are the ones that end up costing you thousands of dollars in terms of sales price; especially in hard hit Florida where housing values tanked and have been very slow to recover.

 

1. RAKE OUT THE AREAS AROUND YOUR TREES

Enhancing the overall curb appeal of your home, is a signal to potential buyers that your St Cloud Kissimmee home for sale looks  is well cared for.

This begins the moment  Buyers pull up to your curb.

Creating a circle around the base of the tree gives it a much more manicured appearance. Mulch is less than $4.00 a bag and will enhance the homes appearance tremendously.

 

2. A QUICK WASH OF THE EXTERIOR.

An old broom and bucket of water with a 2 cups of Bleach will freshen the appearance and remove the discoloration. Using an old broom, makes removing the pollen and mold much easier.

Clean out the rain gutters while you have the ladder out.

 

3. PULL THOSE UGLY WEEDS.

It is a tedious job and frankly No ones likes to do it.

Round up can be expensive. A Cup of mildly diluted bleach in a spray bottle will kill off weeds and vines making them easier to remove.

Another tip is trying 1/2 cup of white vinegar mixed with 1/2 cup and salt. That will kill weeds too.

 

4. REPLACE FAULTY SWITCHES.

Home Inspection Reports which show faulty light switches can easily turn a potential buyer off, and make them leery there may be other hidden electrical issues. This is an important upgrade to older Kissimmee St Cloud Florida Homes for sale

A light switch cost less than $1.50 and easily be replaced.

Turn off the circuit breaker first!

 

5. REMOVE WALL PAPER.

Wallpaper went out in the 1980’s.

Yet, a surprising number of homes still have it.

Simple soap and water will remove stubborn wall paper.

Soaking the paper makes scrapping it off much easier.

Spray the wallpaper until wet, let sit a minute and scrap it off.

 

6. CHECK THE BARGAIN BIN AT THE LOCAL HOME IMPROVEMENT FOR DEALS ON PAINT.

A gallon of paint can be purchased inexpensively, and will freshen up the room.

Check the bargain bin at your local Home Improvement store- you can save up to 75% off the price and may find a color that is perfect and preferably neutral suitable for any  decor.

A fresh coat of paint enhances  your St Cloud Kissimmeee Florida’s  home value, choose a neutral color so that potential buyers can visualize their furniture and belongings on a clean pallet.

Clean walls, carpets, and elimination of odors are fundamental to the proper presentation of your home.

 

7. GET RID OF THE KITCHEN COUNTER CLUTTER.

Truth be told, the kitchen counter ends up collecting items you absolutely never use on a regular basis.

Now is a good time to go through your storage spaces and have a garage sale. Time to abandon your unused Fondue set, chocolate fountain you bought several years ago, the electric bun warmer your Mother had, and the crock pot with the broken handle.

Freeing up the available cabinet space, will keep your counter cleaner, and free of clutter which makes even the largest kitchen seem small.

These Seven Cheap and Easy tips can enhance your Kissimmee St Cloud Florida home value by thousands of dollars. Whether you are planning to sell your existing Kissimmee St Cloud Florida home, or not. It does not take a ton of money to improve where you live or how you live. What is does take is a little effort, and knowing what will make the most difference for the least amount of money.

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St. Cloud Kissimmee Real Estate Experts

St. Cloud Homes & Land, LLC YOUR Local Real Estate Experts serving Home Buyers/Sellers in Kissimmee, St. Cloud Fl, Harmony, Lake Nona, Anthem Park, Bay Lake Ranch, Lake Lizzie, Reunion, Celebration, Lakepointe, Steven Plantation, Acadia Estates, East Lake, Windermere, Bay Hill. Our unparalleled service begins with YOU.

Allison Stewart Real Estate Broker/Owner- St. Cloud Homes & Land, LLC Local Kissimmee-St Cloud Florida Real Estate Experts. Looking to buy in Kissimmee -St Cloud Florida; we will streamline the process and eliminate stress with our proven Purchasing System. Looking to sell your existing Kissimmee -St. Cloud Florida home we have a program for that too. We provide Unparallelled Customer Service, Rapid Response, and concenrate on your individual Real Estate Needs. Have a question? Contact us at Allison@Kissimmee-stcloudflhomes.com or call 407-616-9904

St.Cloud Homes & Land, LLC
Allison Stewart Broker, SFR, CDPE
407-616-9904
Allison@Kissimmee-stcloudflhomes.com

 

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RENOVATE YOUR KISSIMMEE ST CLOUD FLORIDA HOME

IS IT MORE ECONOMICAL TO REPAIR YOUR KISSIMMEE ST CLOUD FLORIDA HOME YOURSELF? 

Well, if you are a practical person, the dollar and cents may add up in your favor, especially if you shop around.

There are still some mortgage programs like the 203K program which allow for repairs.

Granted there are also some hoops to jump through. It is really about comparing costs.

 

Depending on the KISSIMMEE  St Cloud Florida property location,  also consider, condition, age and after repair value.

Kissimmee/St. Cloud Florida Homes are selling. Many of them are at discounted prices as short sales or foreclosures in need of repairs and renovations. Is purchasing a Kissimmee St Cloud Florida home as part of the Neighborhood Stabilization Program and having to go to Education Class to qualify to buy one of these gems at a “discount”, really right for you? NSP Vendors do a great job in patching , repairing, and replacing things in homes in need of a little TLC.

And for some Buyers searching for homes in Kissimmee St Cloud Florida they are indeed a bargain.

Buyer tip: A higher end home will yield a greater return-even if the repairs needed are more extensive.

Low end Homes have a maximum value; regardless of how much money you spend, a low end home, may not yield the best return on investment. Something to weigh carefully.

Renovations are making a come back in Osceola County and Homes in Kissimmee St Cloud for sale are prime. There is a multitude of housing, which are considered distressed such as short sales, or foreclosures. Often these homes have been neglected, due to limited owner finances. These home can be purchased for below market value, and with a little effort can easily be repaired, renovated and rejuvenated and still turn a profit down the road.

Over time, improvements and repairs you make today will help maintain property value long term.

WHAT REPAIRS ARE THE BEST REPAIRS  TO MAKE TO YOUR KISSIMMEE ST CLOUD FLORIDA HOME?

  1. Painting the exterior
  2. Roof Repairs
  3. Termite damage Repairs
  4. Plumbing Repairs
  5. Electrical Issues

These four point inspection items will be of the most benefit both for your term as an owner and when it is time to sell your Kissimmee St Cloud Florida  property in the future.

Allison Stewart Real Estate Broker/Owner- St. Cloud Homes & Land, LLC Local Kissimmee-St Cloud Florida Real Estate Experts. Looking to buy in Kissimmee -St Cloud Florida; we will streamline the process and eliminate stress with our proven Purchasing System. Looking to sell your existing Kissimmee -St. Cloud Florida home we have a program for that too. We provide Unparallelled Customer Service, Rapid Response, and concenrate on your individual Real Estate Needs. Have a question? Contact us at Allison@Kissimmee-stcloudflhomes.com