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JUST LISTED!! 119 NEW MEXICO LANE, DAVENPORT

JUST LISTED!! 119 NEW MEXICO LANE, DAVENPORT

JUST LISTED!! 119 NEW MEXICO LANE, DAVENPORT

Blog Post 7

119 New Mexico Ln, Davenport, FL

Click here to Get Directions

3 BEDROOMS
2 BATHROOMS
10319 sqft Lot

Nestled within the desirable community of Westridge, this well maintained 3-bedroom, 2-bathroom pool home welcomes you home!. Boasting a recently installed roof, this modern residence offers an open plan floorplan, ideal for entertaining! Upon entering, you’re greeted by a spacious hallway that leads you into the heart of the home. The open and airy great room, positioned at the rear, offers seamless access and breathtaking views of your private pool area, creating the perfect backdrop for indoor-outdoor living and entertaining. The well-appointed kitchen is a chef’s delight, featuring ample cabinets, generous counter space, and a bright breakfast area overlooking the front of the home, ideal for enjoying quick meals before starting your day. The master bedroom retreat beckons with its king-size bed, walk-in wardrobe, and ensuite master bathroom, complete with access to the pool area for added convenience and relaxation. Accompanying the master suite are two additional bedrooms – a charming queen bedroom and a nautical-themed twin room, providing comfortable accommodation for family members or guests. These two bedrooms share a bathroom with a bathtub and shower. Step outside of your expansive living room onto the south facing pool area, where you’ll find your own private outdoor oasis, perfect for unwinding after a long day or soaking up the Florida sunshine. Whether you’re looking to let off some steam or simply enjoy moments of tranquility, this space promises endless relaxation and enjoyment. Conveniently located in Westridge, just off US Highway 27, this property offers easy access to grocery stores, restaurants, medical facilities, and major highways, including I4 and Highway 192. Additionally, the main attractions of the area are just a short drive away. Residents and guests can also enjoy the community amenities, including a pool, tennis court, playground, beach volley ball and sports field. Don’t miss your chance to experience the epitome of Florida living in this charming pool home. Schedule your private showing today and make this your new haven in the sun!

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

JUST LISTED 2108 TILLMAN AVE, WINTER GARDEN

JUST LISTED 2108 TILLMAN AVE, WINTER GARDEN

JUST LISTED 2108 TILLMAN AVE, WINTER GARDEN

Blog Post 8

2108 Tillman Ave, Winter Garden, FL

Click here to Get Directions

6 BEDROOMS
4 BATHROOMS
9854 sqft Lot

This stunning Mediterranean-style home in the prestigious gated community of Bronson’s Landing exudes pride of ownership from the moment you arrive. A paved driveway adorned with pretty flower beds leads to the entrance of this elegant pool home, featuring a barrel tiled roof. Inside, luxurious living awaits with 6 bedrooms, 4 bathrooms, and a 3-car garage. Upon entry, a formal living room, currently used as a games room, and a formal dining room with elegant paneling, chair rail, and crown molding welcome you home! The kitchen serves as the heart of the home, boasting ample cabinet and counter space, a breakfast bar, an island, and newer stainless appliances. The adjacent breakfast nook offers views of the covered lanai and beautiful pool area, perfect for casual dining. The spacious family room provides plenty of entertainment space and access to the covered lanai through shuttered French doors. A pool bathroom, conveniently located off the family room, serves the guest room overlooking the backyard. Three additional bedrooms, including one used as a den, are located downstairs, along with the primary bedroom suite, which offers direct access to the private oasis. The primary bedroom features two large walk-in closets, a recessed ceiling, and French doors leading to the pool area. The ensuite bathroom boasts a jacuzzi garden tub, walk-in shower, twin sinks, and a toilet cubicle for added privacy. Bamboo flooring adds beauty and durability to the main living areas. Upstairs, the sixth bedroom with a barn door and private ensuite bathroom offers versatility and privacy. Outside, the fenced backyard showcases a screened pool area with a well-proportioned covered paved lanai and a free-form pool enhanced with raised flower beds, ideal for outdoor entertainment and alfresco dining. Conveniently located near Winter Garden Village shopping mall, local restaurants, medical facilities, and with easy access to 429 and the turnpike, this home offers both convenience and luxury living. With Plant Street, Disney, and downtown Orlando within easy reach, this property presents the perfect opportunity to embrace the Florida lifestyle. Don’t miss out! Call today!

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

January Real Estate Sales Report

January Real Estate Sales Report

January Real Estate Sales Report

WASHINGTON (February 22, 2024) – Existing-home sales grew in January, according to the National Association of REALTORS®. Among the four major U.S. regions, sales accelerated in the Midwest, South and West, and remained steady in the Northeast. Year-over-year, sales improved in the West, and decreased in the Northeast, Midwest and South.

Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops – elevated 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January. Year-over-year, sales slipped 1.7% (down from 4.07 million in January 2023).

“While home sales remain sizably lower than a couple of years ago, January’s monthly gain is the start of more supply and demand,” said NAR Chief Economist Lawrence Yun. “Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year.”

Total housing inventory2 registered at the end of January was 1.01 million units, up 2.0% from December and 3.1% from one year ago (980,000). Unsold inventory sits at a 3.0-month supply at the current sales pace, down from 3.1 months in December but up from 2.9 months in January 2023.

The median existing-home price3 for all housing types in January was $379,100, an increase of 5.1% from one year ago ($360,800). All four U.S. regions posted price increases.

“The median home price reached an all-time high for the month of January,” Yun added. “Multiple offers are common on mid-priced homes, and many homes were still sold within a month. The elevated share of cash deals – 32% – indicated a market full of multiple offers and propelled by record-high housing wealth.”

REALTORS® Confidence Index

According to the monthly REALTORS® Confidence Index, properties typically remained on the market for 36 days in January, up from 29 days in December and 33 days in January 2023.

First-time buyers were responsible for 28% of sales in January, down from 29% in December and 31% in January 2023. NAR’s 2023 Profile of Home Buyers and Sellers – released in November 20234 – found that the annual share of first-time buyers was 32%.

All-cash sales accounted for 32% of transactions in January, up from 29% in both December and one year ago.

Individual investors or second-home buyers, who make up many cash sales, purchased 17% of homes in January, up from 16% in December and January 2023.

Distressed sales5 – foreclosures and short sales – represented 2% of sales in January, virtually unchanged from last month and the previous year.

Mortgage Rates

According to Freddie Mac, the 30-year fixed-rate mortgage(link is external) averaged 6.77% as of February 15. That’s up from 6.64% the previous week and 6.32% one year ago.

Single-family and Condo/Co-op Sales

Single-family home sales moved higher to a seasonally adjusted annual rate of 3.6 million in January, up 3.4% from 3.48 million in December but down 1.4% from the prior year. The median existing single-family home price was $383,500 in January, up 5.0% from January 2023.

At a seasonally adjusted annual rate of 400,000 units in January, existing condominium and co-op sales were unchanged from last month and down 4.8% from one year ago (420,000 units). The median existing condo price was $339,400 in January, up 5.7% from the previous year ($321,100).

Regional Breakdown

At 480,000 units, existing-home sales in the Northeast were unchanged from December but down 5.9% from January 2023. The median price in the Northeast was $434,300, up 10.1% from the prior year.

In the Midwest, existing-home sales increased 2.2% from one month ago to an annual rate of 950,000 in January, down 3.1% from last year. The median price in the Midwest was $271,700, up 7.6% from January 2023.

Existing-home sales in the South rose 4.0% from December to an annual rate of 1.84 million in January, a decline of 1.6% from the previous year. The median price in the South was $345,100, up 4.1% from one year ago.

In the West, existing-home sales elevated 4.3% from a month ago to an annual rate of 730,000 in January and grew 2.8% from one year earlier. The median price in the West was $572,100, up 6.3% from January 2023.

“More listings will help Americans move,” said NAR President Kevin Sears, broker-partner of Sears Real Estate in Springfield, Massachusetts. “That’s why NAR has pushed for the passage of H.R. 1321 – The More Homes on the Market Act – which would lower the tax hit on home sales and bring additional inventory to the market.”

Why RE/MAX Heritage

At RE/MAX Heritage, we’re your go-to experts for everything related to Florida real estate, whether you’re in the market for new or resale vacation homes, investment opportunities, retirement properties, residential homes, or in need of long-term property management and leasing services. Essentially, we’re your bridge to purchasing and selling properties in the vibrant Orlando area.

Our journey began as Bardell Real Estate in 1989, and for more than three decades, we’ve dedicated ourselves to serving the Central Florida community. This long-standing commitment has allowed us to amass extensive knowledge, experience, and a stellar reputation for offering top-tier representation and services. The transformation into a RE/MAX office in December 2021 raised some questions, and here’s why we made that leap.

Our foundation is built on the core values of honesty, integrity, and respect—principles we hold dear and incorporate into every aspect of our business. By merging the unparalleled strengths of RE/MAX with Bardell Real Estate’s rich legacy, we guarantee our clients the best of both worlds: continued access to exceptional real estate services now and well into the future. That’s the promise of RE/MAX Heritage.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

Effective Strategies for Purchasing Your First Home 

Effective Strategies for Purchasing Your First Home 

Effective Strategies for Purchasing Your First Home 

Embarking on the journey to buy your first home is a monumental step filled with excitement and potential. However, in today’s housing market, there are challenges to navigate, including limited inventory and affordability concerns. Here are three essential tips to help you transform your dream of homeownership into a reality:

Take Advantage of First-Time Homebuyer Programs

The initial financial requirements of homeownership, such as the down payment and closing costs, may seem intimidating. Fortunately, there are numerous assistance programs tailored for first-time homebuyers that can facilitate securing a loan with minimal or no upfront costs. These programs often offer more flexible requirements, including lower down payments and credit score thresholds. Many also provide assistance with closing costs and down payments through grants and low-interest loans. To explore your options further, consult your state’s housing authority or visit websites like Down Payment Resource for valuable insights.

Explore Condos and Townhomes

Given the current shortage of available homes for sale, prices are on the rise, presenting affordability challenges for buyers. One practical approach to address this issue is to consider condominiums and townhomes as viable alternatives. These properties typically offer lower price points compared to single-family homes and serve as accessible entry points into homeownership. While they may be smaller in size, condos and townhomes still provide the opportunity to establish equity and lay the foundation for future real estate endeavors. Hannah Jones, Senior Economic Analyst at Realtor.com, emphasizes that condos can be an excellent starting point for individuals with budget constraints, enabling them to enter the market and accumulate equity over time.

Explore Multi-Generational Living Arrangements

Pooling resources with friends or family members to purchase a multi-generational home is another avenue to consider. By sharing the financial responsibilities, such as the mortgage and household expenses, buyers can enhance their purchasing power and qualify for larger mortgages. This collaborative approach becomes especially advantageous in today’s high-cost housing market, offering buyers the opportunity to navigate affordability challenges more effectively.

In conclusion, by leveraging first-time homebuyer programs, considering alternative housing options like condos and townhomes, and exploring multi-generational living arrangements, you can enhance your prospects of purchasing your first home. When you’re ready to take the next step, enlist the guidance of a local real estate agent who can provide invaluable support and insights throughout the homebuying process.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

Meet our Incredible Broker, Steve Silcock!!! 

Meet our Incredible Broker, Steve Silcock!!! 

Meet our Incredible Broker, Steve Silcock!!! 

Nick Bailey, esteemed President and CEO of Remax, graciously orchestrates a captivating and exclusive episode within the illustrious Mergers and Acquisitions Growth Series. This particular installment features none other than the distinguished Steve Silcock, celebrated as a top-tier broker owner hailing from Remax Heritage. With a narrative steeped in resilience and ambition, Silcock recounts his remarkable odyssey, tracing his steps from the verdant shores of the United Kingdom to the bustling landscape of the real estate market.

Embarking on a journey fraught with uncertainty, Silcock boldly ventures into the realm of entrepreneurship, acquiring a modest local brokerage and igniting the flames of his entrepreneurial spirit. Through a tapestry woven with determination and foresight, he meticulously nurtures his enterprise, navigating the labyrinthine pathways of the industry with unwavering resolve.

Yet, in the tempestuous seas of independent brokerage, Silcock confronts formidable challenges, grappling with the elusive pursuit of growth amidst a landscape teeming with competition. Undeterred by adversity, he steadfastly perseveres, harnessing his innate ingenuity to surmount each obstacle that looms in his path.

It is within this crucible of trials and tribulations that Silcock discovers the transformative potential of Remax, a beacon of innovation and excellence in the real estate sphere. As he reflects upon the pivotal moment of transition, wherein his brokerage seamlessly integrates into the Remax family, Silcock elucidates the profound value proposition that Remax proffers to visionary entrepreneurs like himself.

In a riveting dialogue infused with wisdom and insight, Silcock delves into the essence of Remax’s unparalleled support system, elucidating how it catalyzes growth, empowers agents, and propels brokerages towards unparalleled heights of success. Through his compelling narrative, he not only illuminates the transformative impact of aligning with Remax but also imparts invaluable lessons garnered from his own saga of triumph and perseverance.

Key Points: 

  • [0:06] Nick Bailey introduces a special edition of the Mergers and Acquisitions Growth Series featuring Steve Silcock, a top broker owner of Remax Heritage. 
  • [0:32] Silcock shares that he runs two Remax locations in the Sunshine State with a total of 24 agents. 
  • [1:00] Silcock discusses his immigration from the UK and the process of buying a local independent brokerage, which ultimately became a new Remax brokerage after 15 months. 
  • [1:43] Silcock explains that the growth potential and value proposition of Remax were the reasons behind his decision to transition from an independent brokerage. 

Steve Silcock faced challenges in achieving growth as an independent broker, one of which was maintaining a certain size and being unable to push beyond that point. Additionally, he emphasized the difficulty in attracting and retaining agents without a strong value proposition. Silcock expressed that despite achieving a certain size, the brokerage stayed there and struggled to surpass that level. This highlights the challenge of expanding and pushing beyond a plateau as an independent broker.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

3 Key Factors Affecting Home Affordability 

3 Key Factors Affecting Home Affordability 

3 Key Factors Affecting Home Affordability 

To gain a comprehensive understanding of home affordability, it’s crucial to consider the interaction of three key elements: mortgage rates, home prices, and wages. Let’s delve into the latest insights on each factor to grasp why affordability is experiencing improvements.

1. Mortgage Rates

In recent months, mortgage rates have observed a decline, with further decreases anticipated throughout the year, according to insights from Jiayi Xu, an economist at Realtor.com. Xu emphasizes the expectation of a downward trend in mortgage rates, contingent upon sustained progress in addressing inflation. Even minor fluctuations in mortgage rates can significantly impact your purchasing power, facilitating easier access to the home you desire by reducing your monthly mortgage obligations.

2. Home Prices

The trajectory of home prices constitutes the second critical factor. Following a period of steady growth last year, home prices are projected to continue rising at a moderate pace in 2024. Despite an anticipated increase in inventory this year, the supply of homes remains insufficient to meet the demand from prospective buyers. Lisa Sturtevant, Chief Economist at Bright MLS, underscores that the anticipated rise in inventory is likely to be counterbalanced by heightened buyer activity, resulting in modest growth in median home prices across the U.S. This forecast is advantageous for prospective buyers as it signifies a tempered increase in prices compared to the surges witnessed during the pandemic. However, waiting might incur higher costs as more buyers enter the market and prices escalate further. Therefore, seizing the opportunity to purchase a home before market conditions intensify could be advantageous if you’re prepared and find the right property.

3. Wages

A positive aspect contributing to affordability is the upward trend in income levels.

Increased wages contribute to enhanced affordability by decreasing the proportion of your earnings required to cover your mortgage payments. This occurs as you are not compelled to allocate as large a portion of your salary towards your monthly housing expenses.

What does this mean for you?

The affordability of purchasing a home is intricately linked to three pivotal factors: mortgage interest rates, property prices, and income levels. Currently, there’s promising news as these factors are moving in a favorable direction for potential buyers. Lower mortgage interest rates make borrowing more affordable, while stable or decreasing property prices can offer opportunities for more manageable purchases. Additionally, rising income levels empower individuals to comfortably meet mortgage obligations.

In essence, for those considering the leap into homeownership, it’s imperative to grasp that the fundamental drivers of affordability are aligning positively. Staying attuned to the latest updates and trends regarding mortgage rates, property prices, and income levels is paramount in making informed decisions. Let’s ensure we stay connected to navigate these dynamics together and capitalize on favorable conditions in the housing market.

Orlando stands out as a premier living destination, celebrated for its balmy weather, thriving tourism and tech sectors, and vibrant cultural landscape. Home to iconic attractions such as Walt Disney World, the city offers a plethora of entertainment options. With esteemed educational institutions, a blend of urban amenities and natural beauty, and affordability compared to other major U.S. cities, Orlando appeals to a wide range of residents. Its family-friendly environment, sports scene, and ongoing infrastructure enhancements further enhance its allure. Whether considering buying, selling, or renting residential, retirement, or vacation properties in Orlando, Florida, think of Remax Heritage for unparalleled service and expertise.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.