Beware of Rental Scams

We’ve posted this information a number of times, but it’s still a problem out there for people looking for rentals. Beware of rental ads that seem too good to be true. Scammers pull information and pictures about a rental property from the internet and created their own advertising (usually on Craigslist), often times advertising outrageously[…]

FEMA Has Postponed Changes to Flood Insurance Program

Florida is home to 35% of all flood insurance policies underwritten by the federal government. The National Flood Insurance Program, part of FEMA, has pushed back its planned changes to the program. The original effective date of Oct. 1, 2020, has been moved back one year to Oct. 1, 2021. Known as the Risk Rating[…]

New Mortgage Rules for Condos!

Here in Florida, we’re land of the condominiums. Good news today for financing a condo. New FHA mortgage rules go into effect on Oct. 15, 2019 making it easier to buy a condo – especially first time buyers. The new rules specifically: Allow single-unit approval process. Extend condo project recertification from 2 to 3 years.[…]

Market Update March 2016: Supply & Sales in a Pinch

The first quarter of 2016 has tightened the market for home buyers searching in April. The total inventory was down 8% compared to March of last year to 10,583 homes, with 5,798 under contract. This means currently the inventory pace is at about 3.5 months of supply. Orlando saw a 3.5% decline in overall sales[…]