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Just Listed: Property for Sale in Polo Park West (55+ Community)

by | May 1, 2025 | Blog, Buyers, New Listing, News, Property for Sale, Property for Sale in Orlando, Renters, Retirement / 55+, Sellers, Uncategorized

Discover Your Dream Home in Central Florida

509 Tivoli Park Dr, Davenport FL

Located in the highly desirable 55+ golf community of Polo Park West, this well-maintained 2-bedroom, 2-bathroom corner lot home offers the ideal blend of comfort, convenience, and low-maintenance living. With an open floor plan and a range of recent updates, this home is move-in ready and perfect for full-time residents or seasonal Florida living.

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Just Listed: 2-Bedroom Corner Lot Home in Polo Park West – A 55+ Golf Community Favorite

Key Features:

  • Spacious Open Floor Plan: The layout includes a dedicated dining area, functional kitchen, and bright, open living spaces designed for ease and comfort.

  • Two Generously Sized Bedrooms: Both bedrooms offer ample space and natural light, with two full bathrooms providing functionality for residents and guests.

  • Enclosed Screen Room: Enjoy added living space in the enclosed screen room—ideal for relaxing with a book, entertaining friends, or simply enjoying the Florida breeze.

  • Extra Storage and Carport: An additional storage space was added to the screen room in October 2024, and a carport provides protection for your vehicle and added peace of mind.

  • Major System Updates: This home includes a new roof (2018) and a recently replaced A/C, offering new owners confidence in its continued performance.

Community Amenities:

As a resident of Polo Park West, you’ll have access to a wide array of amenities tailored for an active lifestyle:

  • Two community pools

  • Two clubhouses

  • Tennis and pickleball courts

  • Horseshoe pits

  • Fitness center

  • Organized social activities

All of this comes with low HOA fees of just $60/month, making it an affordable option for those seeking both value and lifestyle.

Prime Location:

Conveniently situated just off Hwy 27, this home offers easy access to:

  • US-192 and I-4

  • Walt Disney World and local attractions

  • Shopping centers, dining, and entertainment

  • Medical facilities and healthcare providers

This central location makes it easy to enjoy the best of Central Florida while living in a peaceful, gated community designed for 55+ residents.

Schedule Your Showing Today

This corner lot home in Polo Park West is a rare find—combining quality, comfort, community, and affordability. Whether you’re looking to downsize, retire, or simply enjoy the Florida lifestyle, this home is a must-see.

Contact RE/MAX Heritage today to schedule your private showing and explore all that Polo Park West has to offer.

Property Highlights

Spacious Open Floor Plans

Our properties feature expansive layouts designed for modern living, perfect for families and entertaining guests.

Prime Locations

Located in the heart of Central Florida, our homes offer convenient access to top schools, shopping, and dining.

Energy-Efficient Designs

Enjoy lower utility bills with our energy-efficient homes, equipped with the latest in sustainable technology.

Reach Out for Expert Real Estate Guidance

Our team at RE/MAX Heritage is ready to assist you with all your real estate needs in Central Florida. Whether you’re buying, selling, or just exploring your options, we offer personalized consultations to help you make informed decisions. Don’t hesitate to get in touch with us today!

Schedule Your Consultation

How to use home equity to buy your next property?

by | Apr 28, 2025 | Blog, Buyers, Homeowners, Homes, Villas and Condos, Investment Property in Florida, Mortgages, New Listing, News, Property for Sale, Real Estate Components, Real Estate News, Renters, Retirement / 55+, Sellers, Uncategorized

How to use home equity to buy your next property?

Explore the vibrant real estate market of Central Florida with our expert insights and exclusive listings. Whether you’re buying, selling, or investing, we provide the guidance you need to make informed decisions.

Can you use Home Equity to buy your next property? The Answer is YES!

How to Use Home Equity to Buy Your Next Property 

If you’ve built up equity in your current home, you may be sitting on one of the most powerful tools available for financing your next real estate purchase. Whether you’re considering upsizing, downsizing, investing, or purchasing a vacation home, leveraging your home equity could be a smart financial move. Here’s how to do it—and what to consider before getting started. 

What Is Home Equity? 

Home equity is the difference between your home’s current market value and the remaining balance on your mortgage. For example, if your home is worth $450,000 and you owe $250,000, you have $200,000 in equity. As you pay down your mortgage or as your home appreciates in value, your equity grows. 

You can access this equity in a few different ways to help fund the purchase of another property. 

3 Ways to Use Home Equity to Purchase a New Property

Home Equity Loan

A home equity loan allows you to borrow a lump sum against your available equity. This loan typically has a fixed interest rate and repayment schedule. 

Best for: Buyers who know exactly how much they need for a down payment or purchase
Considerations: You’ll carry two mortgage payments—your original mortgage and the home equity loan

Home Equity Line of Credit (HELOC)

A HELOC gives you access to a revolving line of credit based on your equity. You can draw from it as needed and repay over time, typically with a variable interest rate. 

Best for: Buyers who want flexibility or may need funds in stages (for example, for a property purchase and renovations)
Considerations: Payments can vary with interest rate changes, making budgeting more complex

Cash-Out Refinance

A cash-out refinance replaces your current mortgage with a new one that’s higher than what you currently owe. You receive the difference in cash, which can be used toward buying another property. 

Best for: Buyers who want to refinance and access equity at the same time
Considerations: This resets your mortgage terms and may result in a higher interest rate 

Is Using Home Equity Right for You? 

Using your home equity can be a financially sound strategy, especially since these loans often offer lower interest rates than personal loans or credit cards. However, since your home is the collateral, there are risks involved. It’s essential to assess your ability to manage additional debt and your long-term financial goals. 

Before making a move, make sure to: 

  • Review your current home value and mortgage balance 
  • Talk with a lender about your available equity and financing options 
  • Consider how your new monthly payments will affect your budget 

Why Florida Homeowners Are Using Equity in 2025 

Many homeowners across Central Florida are using home equity to: 

  • Purchase a second or vacation home near major attractions 
  • Invest in rental properties for passive income 
  • Downsize and pocket the difference for retirement 
  • Move closer to healthcare, family, or active adult communities 
  • Upgrade to a more suitable home without liquidating other assets 

 

Let’s Talk About Your Next Move 

At RE/MAX Heritage, we work with homeowners every day who are ready to turn equity into opportunity. Whether you’re buying your next home, investing in a rental, or purchasing a seasonal getaway, we can guide you through every step of the process. 

Contact RE/MAX Heritage to learn how much equity you can access and how to use it to achieve your real estate goals. 

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Schedule Your Free Consultation Today

Ready to find your dream home or sell your property? Reach out to our expert team for personalized real estate guidance. Schedule a consultation today and let us help you navigate the Central Florida market with confidence.

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6 Common Myths About FHA Loans

by | Feb 26, 2025 | Blog, Homeowners, Homes, Villas and Condos, Investment Property in Florida, Just Sold, Local Events, Long Term Rental, Mortgages, New Construction, New Listing, News, Property for Sale, Property for Sale in Orlando, Property Management, Real Estate Components, Real Estate News, Retirement / 55+, Uncategorized, Vacant Lot

6 Common Myths About FHA Loans

As home prices continue to rise, more buyers are considering Federal Housing Administration (FHA) loans to make homeownership more accessible. FHA loans are government-backed mortgages known for their flexible lending criteria, making them a great option for buyers with lower credit scores and smaller down payments. However, misconceptions about FHA loans persist, potentially discouraging buyers from taking advantage of this financing option. Here, we break down six common myths about FHA loans and uncover the truth behind them. 

Myth #1: FHA Loans Are Only for Buyers with Bad Credit 

Truth: While FHA loans allow borrowers with credit scores as low as 500 to apply, they are not limited to those with bad credit. In fact, the average credit score for FHA borrowers is 683, with 80% of applicants having a credit score of 600 or higher (according to 2024 data from Ellie Mae). This means that borrowers with good or even excellent credit can still benefit from FHA loans. 

Myth #2: FHA Loans Are Only for First-Time Home Buyers 

Truth: Although FHA loans are popular among first-time home buyers, they are also available to repeat buyers and individuals with low to moderate incomes. Many homebuyers use FHA loans as an affordable financing option, regardless of whether it’s their first home purchase or not. 

Myth #3: FHA Loans Have Higher Interest Rates 

Truth: Contrary to popular belief, FHA loans often come with competitive interest rates, sometimes even lower than conventional mortgage rates. Borrowers with higher credit scores and larger down payments may qualify for some of the best available rates. It’s essential for buyers to compare both FHA and conventional loan options to find the best fit for their financial situation. 

Myth #4: FHA Loans Take Longer to Close 

Truth: Many assume FHA loans take significantly longer to close than conventional loans. However, data from 2024 Value Penguin shows that FHA and conventional loans take roughly the same amount of time to close—an average of 47 days. The closing timeline depends more on the lender’s efficiency and the buyer’s preparedness rather than the type of loan. 

Myth #5: FHA Loans Can Only Be Used for Single-Family Homes 

Truth: FHA loans are versatile and can be used to purchase a variety of property types, including single-family homes, townhouses, HUD-approved condos, and even multifamily properties (up to four units). The only requirement is that the borrower must use one of the units as their primary residence. 

Myth #6: FHA Loans Have Income Limits 

Truth: Unlike some government-backed loan programs, FHA loans do not have income limits. High-income earners can also qualify, as there are no restrictions on how much a borrower can make to be eligible for an FHA loan. 

 

The Bottom Line 

FHA loans offer flexibility, accessibility, and affordability, making them a valuable option for many buyers. Whether you are a first-time homebuyer or a repeat buyer, these government-backed loans can help you achieve your homeownership goals. 

Before ruling out FHA financing, consult with a mortgage professional to explore your eligibility and compare loan options. Don’t let myths keep you from securing the home loan that’s right for you! 

 For more information visit: Motto Mortgage

Contact an Expert Today!

What to Expect in the Real Estate Market in 2025?

by | Feb 26, 2025 | Blog, Buyers, Homeowners, Homes, Villas and Condos, Investment Property in Florida, Just Sold, Long Term Rental, Mortgages, New Construction, New Listing, New Rental Listings, News, Press Releases, Property for Sale, Property for Sale in Orlando, Property Management, Real Estate Components, Real Estate News, Renters, Retirement / 55+, Sellers, Things to Do in Orlando, Uncategorized, Vacant Lot

7 Home Buyer & Seller Market Trends to Watch in 2025 

7 Key Real Estate Trends to Watch in 2025


As we step into 2025, the real estate market continues to change, bringing both new opportunities and challenges for buyers, sellers, and industry professionals. Based on early forecasts and expert insights, here are seven key trends expected to shape the housing market this year.

1. Home Prices Are Likely to Stabilize

After several years of rapid price increases, home values are expected to stabilize in 2025. While some areas may still see modest growth, buyers could finally see relief from the steep price hikes of recent years.

2. Mortgage Rates May Gradually Decline

As inflation slows and the economy adjusts, mortgage rates could see slight decreases. This shift would make homeownership more affordable, especially for first-time buyers who were previously priced out of the market.

3. More First-Time Buyers May Enter the Market

With better affordability and supportive government programs, first-time buyers may play a bigger role in the housing market. Down payment assistance and low-interest loan options could help more people achieve homeownership.

4. Multigenerational Living Will Keep Growing

The demand for multigenerational homes is expected to remain strong. More families are choosing to live together, either to save money or to provide caregiving support for loved ones.

5. Housing Inventory Will Improve

The supply of homes is predicted to grow as new construction increases and more homeowners decide to sell. This gradual rise in inventory could help balance the market, making it easier for buyers to find homes.

6. More Sellers Will List Their Homes

With market conditions improving, more homeowners may feel confident about selling their properties. A higher number of listings will help create a better balance between supply and demand.

7. Technology and AI Will Transform Home Buying

The real estate industry will continue embracing technology, with artificial intelligence, virtual home tours, and digital transactions making buying and selling more efficient than ever.

What These Trends Mean for You

 

For sellers: More competition means pricing your home strategically will be essential.

For Buyers: More inventory and stable prices could create new opportunities.
For real estate professionals: Using technology and understanding buyer trends will be key to success.
As 2025 unfolds, staying informed about these trends will be essential for making smart real estate decisions. Whether you’re buying, selling, or advising clients, these insights will help you navigate the market with confidence.

Get in touch with an expert!

HOA 101: Everything You Have to Know About HOA’s

by | Feb 26, 2025 | Blog, Buyers, Homeowners, Homes, Villas and Condos, Investment Property in Florida, Just Sold, Local Events, Long Term Rental, Mortgages, New Construction, New Listing, New Rental Listings, News, Press Releases, Property for Sale, Property for Sale in Orlando, Property Management, Real Estate Components, Real Estate News, Renters, Retirement / 55+, Sellers, Testimonials, Things to Do in Orlando, Uncategorized, Vacant Lot

HOA 101: Everything you Haave to Know About HOA’s

HOA Rules 101: Buyers and Sellers Version 

Homeowners’ associations (HOAs) are becoming increasingly common, with over 75.5 million Americans residing in communities governed by these associations. For real estate professionals, understanding the nuances of HOA rules is crucial in guiding buyers and sellers through the transaction process. 

Understanding HOAs and Their Impact on Real Estate Transactions 

What is an HOA? 

A homeowner’s association is a self-governing organization that enforces community rules and collects fees for maintenance and shared amenities. HOAs can enhance property values by ensuring well-maintained common areas and enforcing community standards. However, they also impose restrictions that homeowners must comply with, affecting everything from landscaping choices to rental policies. 

Benefits and Challenges of Living in an HOA Community 

Pros: 

  • Well-maintained neighborhoods 
  • Access to shared amenities such as pools, gyms, and parks 

Cons: 

  • Monthly or annual HOA fees 
  • Restrictions on home modifications 
  • Potential for fines and legal actions for noncompliance 
  1. Common HOA Regulations

HOA rules often cover: 

  • Landscaping: Restrictions on types of plants, maintenance requirements 
  • Home Exteriors: Limitations on paint colors, fencing, and yard decorations 
  • Parking: Rules on vehicle types and guest parking 
  • Rental Policies: Restrictions on short-term and long-term rentals 
  • Pet Regulations: Limits on breed, size, and number of pets 
  1. Legal Limitations of HOAs

 

While HOAs have broad authority…

Their rules must comply with local, state, and federal laws. Certain restrictions, such as those limiting solar panels or political signs, may be unenforceable depending on state laws. Agents should encourage buyers to consult legal professionals if they have concerns about specific regulations. 

Looking for properties with or without HOA?

 

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Homestead Exemption Requirements 2025

by | Feb 3, 2025 | Blog, Buyers, Homeowners, Homes, Villas and Condos, Investment Property in Florida, Just Sold, Local Events, Long Term Rental, Mortgages, New Construction, New Listing, New Rental Listings, News, Press Releases, Property for Sale, Property for Sale in Orlando, Property Management, Real Estate Components, Real Estate News, Renters, Retirement / 55+, Sellers, Uncategorized, Vacant Lot

Homestead Exemption Requirements 2025

Homestead Exemption Requirements 2025

Are you a homeowner in Florida? This information might interest you! 

Owning a home in Florida comes with financial perks that can help reduce property tax liability. Programs like the Homestead Exemption and the Save Our Homes (SOH) Assessment Limitation enable thousands of Florida homeowners to save significantly on their property taxes annually. Additionally, other exemptions are available for property owners with unique circumstances, such as disabilities, military service, or specialized property uses. 

Key Benefits for Homeowners 

  1. Homestead Exemption 
    Florida homeowners who make their property their primary residence—or that of their dependents—may qualify for a Homestead Exemption, which can reduce the property’s taxable value by up to $50,000. 
  1. Save Our Homes (SOH) Assessment Limitation 
    The SOH cap restricts the annual increase of assessed property values to 3% or the Consumer Price Index (CPI), whichever is lower. This helps shield homeowners from drastic property tax increases due to rising property values. 
  1. Portability of SOH Benefits 
    While the Homestead Exemption itself is nontransferable, Florida allows homeowners to transfer (or “port”) their SOH assessment savings to a new homestead within the state. This portability ensures continued tax benefits even after relocating. 
  1. Additional Benefits for Special Groups 
    Exemptions and discounts are also available for: 
  1. Senior citizens 
  1. Veterans and active-duty military service members 
  1. Individuals with disabilities 
  1. Disabled first responders 
  1. Properties serving specialized purposes 

Empower Your Finances 

By understanding and leveraging these tax exemptions, Florida homeowners can take control of their property expenses and potentially save thousands of dollars each year. To learn more about your eligibility or to apply, consult your local property appraiser’s office or official government resources for detailed guidance. 

Take advantage of these programs today to make the most of your Florida homeownership! 

For Local Information you can also contact your County Appriser 

Source: Florida Department of Revenue 

 

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.

 

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