New Home Purchases Up Sharply In January 2014

Posted by admin February - 18 - 2014 - Tuesday ADD COMMENTS

New home purchases were up sharply in January. According to the The Mortgage Bankers Association (MBA) sales of new single-family homes were running at a seasonally adjusted annual rate of 543,000 units in January 2014. (data from MBA’s Builder Applications Survey).

The Mortgage Bankers Association estimated 38,000 new home sales in January 2014. That’s a 36 percent increase from the level of 28,000 units in December 2013 .The estimated 543,000 unit annual sales pace in January was a 35 percent increase from December’s pace.

This conflicts with data showing a decrease in existing home activity. However it is in line with what builders are reporting.

Mortgage applications for new home purchases are up by 27 percent relative to the previous month.

SoliVita New Construction is also booming right now. If you are looking for a Florida 55+ Active Adult Community then come check out SoliVita. We’d love to show you around Florida’s World Class Active Adult Community..

55+ Active adult community-SoliVita

SoliVita View

I am living in the fifth house I have purchased during my 28 years of home ownership. To some that may seem like a lot of houses, to others it may seem like I’ve just started. The simple fact is we Americans move a lot… 11 or 12 times in a lifetime depending on whom you consult. Chances are you are going to purchase a house during quite a few of those moves and somewhere along the line you may have the opportunity to build a new home. Or you may be looking for the perfect retirement community in Florida.

Should you buy a new home?

Everyone has fantasized at some point about his or her dream retirement home. You may want closets big enough to live in; a bathroom that doubles as a spa; a kitchen in which you could produce programs for the Food Network But, as in most fantasies, there is usually some epic journey required to achieve the goal. And building your dream home in SoliVita  follows that plot line all too closely.

But isn’t it the dream that makes the quest worthwhile? Yes, if you can weather the storms and battles along the way. And the determination to keep moving forward is usually a function of a strong will and a big heart. But it helps to use your head before you set off on your personal version of “The Lord of the Rings.”

It is likely that you have options when you begin the process of buying a home in SoliVita. There are existing homes in SoliVita that are affordable and that may meet your needs. But there are always things about any property or house that don’t exactly meet with your approval.  It is virtually impossible to buy an existing home without making compromises. However the savings on pricing will help offset this.

Building a new home in SoliVita allows you to imagine, design and build the home that accommodates needs and amenities that are important to you… within a budget of course. And that is one thing that must be considered. A new home will be more expensive, on a cost per foot basis, than an existing one. That is due to the cost of land, the price of building materials and labor expense.
The ongoing costs associated with an existing house are more predictable. However, there will likely be more maintenance expense than for a new house and energy costs tend to be higher with older properties because newer homes are more energy efficient.

Commuting costs may be an issue. Developers must go further and further out to find enough land to accommodate a new subdivision. That may mean higher costs for commuting to work and to access other businesses and venues that may be closer to the nearest major population center. You should consider this from both a monetary perspective and to determine if you are comfortable with an additional investment of time.

If your new house is built in a subdivision there may be ongoing fees required. In addition, there may be covenants that are designed to protect property values that may apply serious restrictions on your ability to enhance your home and/or your property down the road.

Beware of construction delays! Building contractors are notorious for setting deadlines they miss and making promises they can’t keep. Make sure you do some thorough research about the builder and his track record before you commit. Weather is always unpredictable and may have an effect but that should be factored in from the start.

A new subdivision can be a hornet’s nest of building activity.  If you move into your home early in the process be prepared for hammering, sawing, trucks, mud and general chaos for quite a while as the subdivision progresses. This is a lifestyle issue and is a temporary inconvenience. But some have found this level of activity disconcerting and disruptive especially when they are settling into their “dream home” and trying to savor the experience.

If you build new be prepared to stay for a while. With new construction all around you it would be difficult to compete with the rest of the properties available for others who want to build a house from the ground up. You would have to make it worth their while and that usually means a compromise in price.

All this being said (and trust me there is more that could be said) there is nothing quite as satisfying as showcasing your new SoliVita home to family and friends that you designed and built and that reflects your unique vision and personality. If you survive the journey, you will likely have turned your fantasy into reality.

So….whether you are looking for a new or a resale home in SoliVita then give us a call. We can assist with both.

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Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales, Orlando Florida Short Sales, Celebration Florida Short Sales, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

Copyright © 2013 http://www.brokerbryant.com/ | All Rights Reserved

BellaLago Home Of The Week Special

Posted by admin November - 21 - 2013 - Thursday ADD COMMENTS

Waterfront home in BellaLago

Hi Folks. Have you been to BellaLago in Kissimmee Florida? BellaLago is classic waterfront living in Kissimmee. Located on more than a mile of shoreline along Lake Tohopekaliga, Bellalago is a gated community featuring a world of resort-caliber amenities, from recreation to lakeside restaurant, and gracious, Mediterranean-inspired homes in a portfolio of twelve distinctive one- and two-story designs.

Check out this week’s BellaLago new construction special deal.

Featured Model:           THE TUSCANY
4 BEDROOMS • 3 BATH • 2-CAR GARAGE
MULTI-GENERATIONAL SUITE
3,274 LIVING SQ. FT

Move-In Ready Price: $452,315

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Join Our Facebook Fan Page Check Us Out On Google+ Follow Us On Twitter

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales, Orlando Florida Short Sales, Celebration Florida Short Sales, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

Copyright © 2013 http://www.brokerbryant.com/ | All Rights Reserved

More Buyers Are Looking For New Construction In SoliVita

Posted by admin October - 15 - 2013 - Tuesday ADD COMMENTS

More Buyers Are Looking For New Construction In SoliVita Florida.

SoliVita is the place for active adults to enjoy all that Florida has to offer. Amenities include 2 par 72 golf courses at Stonegate Golf Club. The Riviera Spa and Fitness Center with full gym, indoor track, indoor aquatic center, 2 out door spas, heated pool, dance studio and much more.

SoliVita New Construction

SoliVita New Homes Construction

Florida applications for new homes rose in Sept.

WASHINGTON – Oct. 14, 2013 – The Mortgage Bankers Association’ (MBA) Builder Application Survey (BAS) for September 2013 found that mortgage applications for new home purchases in the U.S. decreased by 1 percent relative to the previous month, though the numbers aren’t adjusted to compensate for seasonal variations.

In Florida, however, new home applications rose both month-to-month and year-to-year. Compared to August 2013, applications rose 1.6 percent. Compared to September 2012, applications rose 10.7 percent.

By product type, conventional loans composed 68.4 percent of U.S. loan applications, FHA loans made up 16.6 percent, RHS/USDA loans composed 1.1 percent and VA loans made up 13.9 percent.

The average loan size of new homes increased from $284,392 in August to $289,650 in September.

MBA estimates that sales of new single-family homes were running at a seasonally adjusted annual rate of 459,000 in September 2013. On an unadjusted basis, the MBA estimates that there were 36,000 new home sales in September 2013. Even though the mortgage rate declined nationally, the percentage of all-cash home sales led to the increased estimate.

© 2013 Florida Realtors®
Follow us on…….

Join Our Facebook Fan Page Check Us Out On Google+ Follow Us On Twitter

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales, Orlando Florida Short Sales, Celebration Florida Short Sales, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

Copyright © 2013 http://www.brokerbryant.com/ | All Rights Reserved

New Construction In Orlando Is Booming!!

Posted by admin September - 18 - 2013 - Wednesday ADD COMMENTS
New homes in SoliVita

SoliVita New Home Construction

Good morning folks. Read an article this morning stating that…….”The pace of home construction in the Orlando area, which slowed to a crawl during the housing slump, is now outpacing that of almost every other metro area in the country.”

Read the article on New Home Builds in Orlando here.

I see a lot of this new construction in SoliVita while out bike riding in the mornings.

If you want to take a tour of SoliVita just let me know and I will get you set up. You can also take advantage of the SoliVita Discovery Days. Spend 3 days and 2 nights at SoliVita for $89.00(for 2). This will give you adequate time to tour SoliVita and try out all of the SoliVita amenities.

Pop me an email if we can help you discover SoliVita. Florida’s World Class Active Adult Community.

Follow us on…….

Join Our Facebook Fan Page Check Us Out On Google+ Follow Us On Twitter

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales, Orlando Florida Short Sales, Celebration Florida Short Sales, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

Copyright © 2013 http://www.brokerbryant.com/ | All Rights Reserved

New Homes In SoliVita. Florida Active Adult Community

Posted by admin August - 28 - 2013 - Wednesday ADD COMMENTS

Florida active adult community SoliVita

Hi Folks. WOW!! Is all I can say. On my morning bike rides around SoliVita I see new build SoliVita homes going up everywhere. It reminds me of 2004.

Why is this? Well, good Solivita resale homes are getting difficult to find. Mortgage rates are good. And the baby boomers are a huge segment of buyers. Active adults over 55 are wanting to purchase in communities that offer them a lifestyle. SoliVita does that very well.

And…..SoliVita now has the Poinciana Medical Center directly across the street.  This is a very exciting addition to our active adult community of SoliVita.

So folks let me know if you would like for me to arrange a tour of SoliVita for you. I can assure youo will love it. I know I do!!

Join Our Facebook Fan Page Check Us Out On Google+ Follow Us On Twitter

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales, Orlando Florida Short Sales, Celebration Florida Short Sales, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

Copyright © 2013 http://www.brokerbryant.com/ | All Rights Reserved

SoliVita New Construction Is On The Rise

Posted by admin August - 10 - 2013 - Saturday ADD COMMENTS

New Construction In SoliVita Florida

Hi folks. Every morning I ride my bike around SoliVita. Florida’s World Class Active Adult Community and what do I see? Home being built. Many homes are being built in SoliVita. And this article explains why.

WASHINGTON – Aug. 9, 2013 – Builder confidence in the 55-plus housing market for single-family homes showed strong continued improvement in the second quarter of 2013 compared to the same period a year ago, according to the National Association of Home Builders’ (NAHB) latest “55+ Housing Market Index” (HMI) released yesterday.

The index increased 24 points to a level of 53, which is the highest second-quarter number since the inception of the index in 2008 and the seventh consecutive quarter of year over year improvements.

“Builders and developers for the 55-plus housing sector are feeling optimistic, as they are seeing more consumers return to the marketplace,” says Robert Karen, chairman of NAHB’s 50+ Housing Council. “With existing home prices rising, consumers are able to sell their current homes and make the move toward either purchasing a home or renting an apartment designed to more specifically suit their lifestyle.”

There are separate 55-plus HMIs for two segments of the 55+ housing market: single-family homes and multifamily condominiums. Each measures builder sentiment based on a builder’s current sales, prospective buyer traffic and anticipated six-month sales for that market. An index number below 50 indicates that more builders view conditions as poor than good.

All of the components of the 55-plus single-family HMI showed major growth from a year ago: present sales climbed 24 points to 54, expected sales for the next six months increased 25 points to 60 and traffic of prospective buyers rose 26 points to 48.

The 55-plus multifamily condo HMI posted a gain of 24 points to 43, which is the highest second-quarter reading since the inception of the index. All 55-plus multifamily condo HMI components increased compared to a year ago as present sales rose 26 points to 44, expected sales for the next six months climbed 26 points to 46 and traffic of prospective buyers rose 19 points to 38.

The 55-plus multifamily rental indices also showed strong gains in the second quarter as present production increased 19 points to 50, expected future production rose 20 points to 52, current demand for existing units climbed 20 points to 62 and future demand increased 21 points to 63.

“The 55-plus HMI for single-family homes almost doubled from a year ago,” says NAHB Chief Economist David Crowe. “Sentiment in other segments of the 55-plus market housing was strong as well. This is consistent with the increase in builder confidence we’ve seen in other NAHB surveys recently. At this point, the main challenge for builders in many parts of the country is finding enough buildable lots in desirable locations and workers with the necessary skill set to respond to the increased demand.”

© 2013 Florida Realtors®

About us

I am a licensed real estate Broker in the state of Florida. My opinions on real estate have been formed from my experiences and 15 years of working in the business. My opinions are in line with Florida Real Estate laws and the REALTOR(R) Code of Ethics. Your State’s laws may differ. So do your own homework before implementing any of my business practices into your business.