GlobeCore Real Estate -Florida Real Estate

Sales Volume and Median Home Prices Continue to Increase in Most Markets; Short Sales and Bank-Owned Sales Combined Account for One in Four Sales.   RealtyTrac® , the nation's leading source for comprehensive housing data, today released its August 2013 U.S. Residential & Foreclosure Sales Report, which shows that U.S. residential properties, including single family homes and condominiums and townhomes, sold at an estimated annualized pace of 5.6 million in August, up 2 percent from the 5.5 million pace in July and up 12 percent from the 5.0 million pace in August 2012. The national median sales price in August was $175,000, up 3 percent from the previous month and up 6 percent from a year ago — the 17th consecutive month where median home prices have increased annually nationwide. The median price of a distressed residential property — in foreclosure or bank owned — in August was $116,000, up 1 percent from the previous month, but down 3 percent from a year ago. Median...

As predicted by Morgan Stanley, a leading financial service provider, the buy-to-rent market is expected to take a large step forward over the next several years. Affordable home prices will continue to allow investors to acquire discounted properties and rent them out to tenants who cannot afford to own. Increased investor activity is therefore expected to provide a boost to this particular industry. Resting comfortably at approximately $17 billion dollars a year, the buy-to-rent industry has only begun to realize its potential. Experts at Morgan Stanley believe increased investor activity will expand the industry to its actual potential within a few years. Those who familiarize themselves with this particular market may reap significant rewards and stay ahead of the curve for a long time. While prices are on the rise, homes are still well below their peaks in 2007. Values can be found across the entire country, as short sales and foreclosures are still relatively prominent. Inve...

Property Management Services It’s not simply design and construction, features and facilities, bricks and mortar. Buildings are for people and apartments and houses are places for interaction, designed to deliver environments for people to build their own lifestyles – to create their own homes.   But every property is also a significant investment that must deliver returns. To manage the most efficient operation of any property we bring established business practice and our culture of service excellence to every task.  Together with our depth of experience in property management that enables us to identify, plan for and facilitate every aspect of the process.  Managing a residential property is a truly specialized field. That’s why astute investors, rather than taking on the wide-ranging complexities of legal requirements and the ongoing management challenges themselves, rely on our skills, service and advice.  We deliver all the benefits with...

Now investors far and wide have taken a new interest in a market once ascribed a ‘hands off’ warning. Rumors of yields you wouldn't get anywhere have surfaced,and the American economy looks healthy enough to pay the gossip a listen.    The rewards can be great, If you invest in a quality area, it is not unusual to see your property returning a  net yields of between 6% and 9%.   Orlando is the 3rd largest city in the state of Florida. The Greater Orlando metropolitan area is home to 2,134,411 people. It is also the number one holiday destination in the USA. And it’s not hard to see why with tourist attractions such as Walt Disney World, Universal Studios, Sea World and Kennedy Space Center. But apart from its obvious attractions, what makes Orlando a good place to invest? Tourism Tourism contributes approximately US$ 28.3 billion to Orlando’s US$ 95.8 billion economy. The city has more than 116,000 hotel rooms; only Las Vegas has more. ...

Management Property Management Florida wide -Orlando -Tampa-St Pete rentals This question is commonly asked by many property investors. The first thing to establish is that at the end of the day everything comes at a cost, let us not forget the cost of ones time. One of the main motivators for a self-managed investment property portfolio is to reduce outgoings, being primarily the fees associated with using a  property management  company. Let's break down the tasks associated with managing an investment property and then assess the pro's and con's of the different  property management  options. To begin with there are administrative requirements, property photography, property marketing, online advertising, tenant sourcing, tenant filtering, tenant reference checks, tenancy database checks (it is important to note that some insurers will not cover an investment property with tenants in place that are have defaults listed on tenancy databases - whic...