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Orlando’s real estate scenario shows promise for buyers
The real estate market in Orlando, Florida is a haven for all who are keen on buying plush real estate at attractive prizes. The place is frequented by buyers from all around the world who flock around here to be a part of the wonderful beach culture that this city has to offer. Even during the turbulent times interspersed with hurricanes, Orlando, Florida’s real estate market continued its growth in full swing.rnrnApart from the real estate market, Orlando has been a popular choice for many reasons. This city also has a very strong job market offering high quality properties at varying price ranges. Even though the interest rates have gone higher to some degree, they are still significantly low; a major factor that contributes to the booming housing market of Orlando. The annual interest rates for a fixed mortgage rate for a 30 year period continue to be around 6%. All such factors make Orlando a major draw for all real estate enthusiasts.rnrnIn fact, Orlando in the state of Florida is ranked fourth amongst the most popular real estate markets in the US. People having money to invest are teaming up in Orlando as it offers great opportunities to buy property which can then be rented out to millions of tourists visiting this place annually. The wealthy investors also take joy from the fact that the area is filled with plenty of luxury homes that are available at reasonable prices. One could also get a 100% commission realty property if he or she wants. Homes here at Orlando start at around $750000 and go up to around $3 million to $4 million. Although it may sound a tad steep, the prices are quite low when compared to a Manhattan home with furnishings, swimming pools, parking garage, and other additional amenities.rnrnAccording to a report presented by Orlando Sentinel, the total inventory of the existing homes available for sale here in Orlando is now 5 times greater than what it was one year back, and the homes are taking much longer to sell. As a matter of fact the local developers are trying to attract more and more buyers with discounted prices and closing costs, thereby allowing the buyers to have greater amount of control than ever before. If you are keen on investing in Orlando, then make sure you understand the current scenario and get in touch with an experienced real estate agents in order to get the right facts.
- Posted on: 2014-03-15 09:39:44
- Classified ad views: 3
- Item ID: 801751