Hojin’s Southwest Orlando Real Estate Scoop

As many of you have noticed, the price of housing has come way down in the past few years. In many cases, it’s now cheaper to buy then to rent. No joke. It’s a reality which I don’t believe many people realize.
Let’s take a $130,000 home which is the median price of a home in [...]

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Homeowners in the townhouse community of Phillips Bay in Dr. Phillips filed a lawsuit against the builder, Deluca Homes, in 2007 due to mold, missing stucco, and patios that are not structurally sound. The civil case is scheduled to be heard October 12.
Deluca Homes has also built the same style of townhouses in Carriage Homes [...]

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There’s been a big push among lenders for the FHA home loan. The advantage of this product is that it allows a buyer to get into a home with as little as 3% down. It’s really a nice choice for a loan, but it can be difficult to obtain if you’re looking for a condo.
One [...]

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One misconception I’ve been running into with the public is what the heck a “short sale” really is. They’re a part of the real estate landscape these days and there’s plenty of them for sale in SW Orlando.
When a listing mentions a short sale, it means the seller owes more than the asking price. More [...]

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I noticed this post on the Bloodhound Blog yesterday, HR 2801: Will Home Ownership Move the Economy? about the new bill in congress to extend the home buyer tax credit. It’s up for vote in the House and will also require approval from the Senate but it’s a fantastic bill.
It removes the income limitation on [...]

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Tax economist for the National Association of Home Builders, Robert Deitz, explains the ins and out of the first time home buyer credit for 2009. The biggest revelation of this interview is that the 2009 tax credit does not have to be repaid as it was in 2008. The 2009 tax credit is also refundable [...]

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If you’re a first time home buyer and you’re a procrastinator like me, then you’ve been putting off buying a first time this year when interests rates have been the lowest in history, home prices are half of what they were a few years ago, and the government’s teasing you with an $8,000 tax credit. [...]

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These days, home buyers are spending more time on the internet to search for properties making web appeal as important if not more important than curb appeal. A post on the Zillow blog, Web Appeal-It’s the New Curb Appeal, got me thinking about how important web appeal is becoming. The majority of home shopping begins [...]

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I’ve been selling a lot of foreclosures lately and noticed that most of the banks are conveying the property with a special warranty deed like builders often do. It’s odd because most people convey title to their property with a general warranty deed.
They’re both warranty deeds, so what the hecks the difference? It sounds like [...]

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