East Orlando Houses for Sale

04/29/2022

FLORIDA EXPECTING 3.5 MILLION MORE PEOPLE BY 2030 -

Having grown up in Orange County California for the first 30 years of my life, believe me when I tell you I know what a BOOM in population looks like. The 405 freeway when I grew up was 2 lanes wide on each side. On weekends my parents had softball games, and me and my siblings played all kind of different sports all over Southern California, especially Irvine CA. There was nothing out there but strawberry farms, Lion Country Safari where you drove your car through a wild animal park, the Wild Rivers water park, and you could see the El Toro Marine base off in the distance.

Fast forward 15 years, that same 405 was 5-6 lanes wide on each side and all those things above were gone. Today, and it looks like this, 8 lanes wide, when it's not completely gridlocked with cars.

Fast Forward to Florida expecting 3.5 MILLION more residents by 2030. Believe me, it's coming, the big thing is going to be planning for it. If we don't have the right people in office, it's going to look like Los Angeles CA, which boasts the highest homeless population in the nation, with water rights issues, transportation issues, and electrical grid failures on the regular.

Not if, but when Central Florida expands, we need to get it right or we will suffer the same issues CA has right now.

https://bit.ly/3vt3Asq

04/14/2022

Lake Nona has officially become the fastest expanding area in Orange County (actually it has been since Sept 2021), but now they are focused on growing jobs and commercial infrastructure to support the area.

Since I live in the neighborhood, I get to see the growth daily out of my office window. Condos and townhomes that were in the mid 300k range are now in the low 500's and single-family residences are around 550k to 2.7 million.

This is about to become a major hub for Aviation and Aerospace on top of the already planned Disney Headquarters building already under construction.

If you know anyone who is looking to move to this area, or who have been here for a while and would like to list their home because what was once rural cow pastures and a golf course have exploded into what is becoming what I like to call, "The Next Orange County CA", let me know. I would love to help them navigate the fast paced, ever changing, Real Estate market here. Afterall, it's my hood.

Tavistock is seeking entitlements for an additional 7,225 housing units in Lake Nona, in addition to the 13,592 currently approved for the area.

05/05/2021

With many people preferring not to have an HOA pestering them on a regular basis it would seem strange that anyone in a community would vote this into their bylaws. Do so at your own risk...

Bottom line, if you give our HOA these powers they will use them. It's what HOA's do and only you know what your HOA people are like. If you aren't in an extremely new community I doubt very much COIVD restrictions were in your bylaws and CC&R's already. That said, in any new community you might want to read through the bylaws and CC&R's carefully since you might be giving away your future rights.

Hate your HOA like most people do? Now's a perfect time to sell that investment property that has a nasty HOA. I can help you do it. And, if you are buying in a new community and not using a Realtor, you should be. These are the kinds of things we help you interpret and the seller pays for you to use us. There is not a dime out of your pocket in costs on the majority of New Construction purchases. Call me. Don't think for one second that the sales associate is going to show you HOA limitations. They are there to sell you. 407-340-1010

http://ow.ly/Aave50EFDSP

05/04/2021

I don't usually post TWICE in a day, but frankly this needs to be said because LIBERALS are just making things up about Real Estate now. Especially regarding Reagan and his tax implementation. When it comes to Capital gains taxes, you go on google right now you will find article after article saying Reagan increased taxes, especially capital gains taxes. Go ahead and try it so you can see how many lairs there are out there. It's is all complete and total bu****it. If you know anything about HR 4242 aka the Economic Recovery Tax Act of 1981, you would know that it was the largest tax DECREASE in American history.... But then again, these idiots in our media don't have an Economics degree, and like squawking parrots they love to say anything just to be heard.

So, all of you liars can stop now. Here is the truth right from the bill on Congress's website. - https://www.congress.gov/bill/97th-congress/house-bill/4242

Be sure to check out the information under Title IV in the bill as well as read the first paragraph that says, "Establishes a maximum tax rate on long-term capital gains of 20 percent for sales and exchanges occurring after June 9, 1981." Prior to that, under Carter, it was 39.875%. A number not seen, under Clinton, Obama, Kennedy, or anyone else, especially Reagan, that is until this week when Biden proposed 39%.

If you want to the cold hard truth about Real Estate and the Economic factors surrounding Real Estate, be sure to favorite my social media pages. The numbers don't lie, but he media does.

05/04/2021

The days of old school house hunting are done... for now.

The statistics are in and 63% of homebuyers made an offer on a house they didn’t visit according to stats from Dec 2020.

Sounds crazy right? Not really. The last couple I’ve sold were virtual tours where I went out, got video of everything, narrated it with some thoughts for my buyers, and offers were made while they were doing other things.

http://ow.ly/AMGl30rGDSH

05/03/2021

The is heating up after a Pandemic caused recession, but beware of the numbers. They are built on a foundation of "stimulus".

The Congressional Budget Office (CBO) projects that this deficit for 2020 will be 16% of U.S. gross domestic product (GDP), which is the largest it's been since 1945

Analogy: Say you work as a teacher and make $36,500 a year, (we all know teachers don't get paid what they should). You have a credit card that has around 300k dollars on it, and last year you didn't pay it down, you added another $1100 to the balance. Does that sound like a strong financial position?

If you don't have any supplies you can't increase GDP or revenues other than by raising taxes. Right now we are losing the supply battles on two MAJOR fronts, Semiconductors and building materials. China is eating our lunch.

And no, had nothing to do with this recovery. Ask Oregon, who despite aggressive vaccinations still have moved 15 counties into the strictest national lockdown protocols just yesterday.

http://ow.ly/VdMS50EDw3n

04/30/2021

Following up on the Lumber shortage post I made earlier this week, there is now new data on how much the lumber shortage has driven up home prices. Correlation Coefficients can be measured, and right now our lumber shortage is increasing prices an estimated $35,872!!! (source NAHB)

So you rent? Well don't think lumber shortages don't affect you too. When you can't build new multifamily construction it reduces supply of apartments. This translates into rent increases.... about $119 a month. with interest rates at all time lows, right now it's cheaper to buy in most situations. Give me a call and we can find you out of paying other people's mortgages in rent and into something you own. 407-340-1010

By they way, how did your team do last night in the Draft? Hope it went well for you!

http://ow.ly/hGeg50EBUQt

04/29/2021

The GOVERNMENT to the rescue!..... Well, not really. It just sounds good.

You probably heard about the Biden Administrations new 15k tax credit for first time home buyers and their, "Big, bold housing agenda that we are promoting to combat the housing affordability crisis and address centuries of overtly racist and discriminatory housing policies that have left massive wealth, homeownership, and opportunity gaps between white communities and communities of color." - United States Rep. Earl Blumenauer (D-OR)

Once again, the government will prove mathematically how out of touch they are with the people. Let's examine why, economically, in my latest post. I would love to hear your thoughts on it.

https://michaelgrace.exprealty.com/blog/71415/The+New+Homebuyer+Tax+Credit%2C+Trickle+Up+Economics%2C+And+Why+It%E2%80%99s+Not+Going+To+Work.+-+By+Michael+G.+Grace

04/28/2021

Our Government will never learn, but YOU can! Taxes don't grow economies. Yes, they are a necessary evil for infrastructure, but they kill free markets all day, every day. Want proof? How about this. Every single one of the States that have the friendliest taxes in the nation saw population and economic growth (except Alaska for for obvious reasons) But hey, Alaska had the least Covid cases and number of Covid masks sold probably. (I may have made that up about Alaska, but my educated guess is that they are in the top 3)

That said, feel free to move there if you like masks. I can sell your house for you. I will even cut my commissions so you can buy more masks when you get there... Seriously, I can sell your house for you.

https://www.floridarealtors.org/news-media/news-articles/2021/04/states-lowest-tax-burdens-saw-population-growth?utm_campaign=4-28-2021+Florida+Realtors+News&utm_source=iPost&utm_medium=email

04/27/2021

With 226,000 unfilled positions in the Lumber world, the price of lumber is up up 193%.... so if it costs double to build the frame for second story of your house here in FL, or your entire house if you live in CA, (they don't use much block out there) what do you think that does to home prices? We are SO short on lumber, and filling lumber positions that I guess no one seems to want, that they have opened an immigrant worker program to try and keep up with the demand. I am not sure how you can have widespread EPA regulations against using our natural resources, (green new deal) and yet on the other hand authorize an immigrant worker visa program to cut down trees and use them. But, that's the government for you. (shrug)

https://www.mpamag.com/news/how-a-new-guest-worker-program-could-solve-one-of-the-housing-markets-most-glaring-problems-253109.aspx

04/23/2021

Are you asking yourself, why is there a picture of "What your pet's p**p is telling you" on a Real Estate page? Sit tight. It will make sense in 30 seconds.

It's funny that people examine what their dog's p**p is telling them about their dog, but when a President of the United States comes out and craps all over the free market with a capital gains tax increase to, "tax the wealthy", most people just eat it up instead of examining it.

Let's be VERY clear. A cap gains tax increase is NOT a tax on "the wealthy", it is literally a tax on WEALTH and wealth creation. You have probably heard the term "level the playing field". Well there is a difference between leveling by taxing income and leveling by taxing wealth creation. Let me say this loud and clear. NO ONE, NOT EVEN THE PRESIDENT, GET'S TO BE WEALTHY ON THIER INCOME ALONE. Investment of your income achieves REAL wealth. There is a difference between leveling the playing field and having a pack of dogs (congress) crap all over the field so no one can use it. This President doesn't seem to know the difference.

Not familiar with the term 1031 Exchange? You better be. Give me a call I have Accountants and 1031 exchange experts to help you out of cap gains taxes on Real Estate.

https://tinyurl.com/ywht2es2