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For Sale-614 Dolcetto Dr, Davenport, FL

For Sale-614 Dolcetto Dr, Davenport, FL

614 Dolcetto Dr, Davenport, FL

FOR SALE

$ Click for current price
3 BEDROOMS | 1702 SqFt

Location, location, location!! Prime, oversized lot with elevated aspect affording privacy for the beautiful pool & spa area and spectacular sunset views. In the much sought after, well maintained community of Countryside at Tuscan Ridge this 3 bed, 2 bath home provides over 1,700 sq ft of living accommodation comprising: formal living and dining room; separate family room open to the kitchen and with sliding doors leading to the covered lanai and pool; split bedroom plan – spacious master suite to the right with its’ own access to the pool and master bath with tub, separate shower, dual sinks and walk-in closet; two guest rooms sharing the guest bath lie to the left of the home while the kitchen is the central hub with direct access to the dining room and overlooking the family room. Off the kitchen there is a separate laundry room and also access to the garage which is currently in use as a games room. The fabulous extended pool, spa and deck area face south west for all day sun and the large covered lanai provides shade and is perfect for al fresco dining or simply chilling out …… The home has been a very successful vacation rental and is being sold furnished & equipped as seen with the exception of the TVs.Tuscan Ridge is ideally located on Hwy 27 with easy access to I-4 at ChampionsGate and /or Posner Park, shops, restaurants, golf courses, schools and medical facilities.

 

Florida’s Sales Up in 1Q

Florida’s Sales Up in 1Q

ORLANDO, Fla. – In the first quarter of 2020, Florida’s housing market reported higher median prices and more closed sales compared to a year ago, though the coronavirus pandemic’s impact on the state’s economy and real estate markets began to emerge in mid-March, according to the latest housing data released by Florida Realtors®.

Closed sales of single-family homes statewide totaled 65,602 in 1Q 2020, up 10.2% from the 1Q 2019 level

“Real estate remains a keystone industry in Florida’s economy – real estate is a long-term investment, not a short-term one,” said 2020 Florida Realtors President Barry Grooms, a Realtor and co-owner of Florida Suncoast Real Estate Inc. in Bradenton. “Prior to the pandemic, the fundamentals of Florida’s real estate industry were very strong. Demand for housing was high across all of our major markets, including different price points and asset types. Price growth continued to rise month after month as a current housing shortage persisted.

“Of course, with the necessary steps taken to help safeguard people’s health due to COVID-19, including the business shutdowns, we expect to see a temporary decline in homebuyer interest combined with a decline in listings that will reduce the number of statewide transactions in the next few months’ housing data.”

The statewide median sales price for single-family existing homes in 1Q 2020 was $270,000, up 6.7% from the same time a year ago, according to data from Florida Realtors Research department in partnership with local Realtor boards/associations. The statewide median price for condo-townhouse properties during the quarter was $205,000, up 10.5% over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.

Looking at Florida’s condo-townhouse market, statewide closed sales totaled 27,379 during 1Q 2020, up 9.3% compared to 1Q 2019. Closed sales typically occur 30 to 90 days after sales contracts are written.

“Compared to the same quarter last year, total residential sales were up in the first quarter of 2020 across all 22 Florida metro areas,” said Florida Realtors Chief Economist Dr. Brad O’Connor. “Remember, going into the first quarter last year, the stock market was somewhat in flux and we had just entered the longest-ever shutdown of the federal government. So, home sale activity was a bit slow to start off. By March, though, falling mortgage rates came to the rescue and sales started taking off. Mortgage interest rates are currently lower than they were even back then, though, so it’s no wonder our first quarter sales numbers for 2020 were so strong.

“Obviously, we are not expecting a repeat performance in Q2 due to the coronavirus outbreak. While we expect prices to remain stable through Q2, we will certainly see a reduced number of completed transactions.”

In 1Q 2020, the median time to a contract (the midpoint of the number of days it took for a property to receive a sales contract during that time) was 43 days for single-family homes and 51 days for condo-townhouse properties.

Inventory was at a 3.4-months’ supply in the first quarter for single-family homes and at a 5.5-months’ supply for condo-townhouse properties, according to Florida Realtors.

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 3.51% for 1Q 2020, down from the 4.37% average recorded during the same quarter a year earlier.

To see the full statewide housing activity reports, go to Florida Realtors’ Statistics and Research section on floridarealtors.org. Realtors also have access to local market stats (password protected) on Florida Realtors’ website.

© 2020 Florida Realtors®

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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What Credit score is needed to buy a home?

What Credit score is needed to buy a home?

How long does it take to improve your credit score? Having good credit helps you prove your creditworthiness to potential lenders. If you’re hoping to buy a home, having a good credit score is key, since it helps you qualify for a mortgage. So if your credit score is low, indicating bad credit, knowing how long it takes to raise it to the home-buying range can help you plan.

Credit repair companies sometimes promise almost instant results, saying that they will do the hard work. However, there’s no secret to raising your score, and it can’t happen overnight. It is possible to raise your credit score within one to two months. It may take even longer, depending on what’s dragging down your score and how you handle it. Here’s step-by-step advice for do-it-yourself credit repair that works.

How long does it take to raise a credit score?

First off, what’s considered a good score versus a poor one? Here are some general parameters:

  • Perfect credit score: 850
  • Excellent score: 760-849
  • Good credit score: 700 to 759
  • Fair score: 650 to 699
  • Low score: 649 and below

While the score required varies by area and type of loan, lenders will generally look for a score of 660 or higher before they will grant a mortgage. (Here’s more on the minimum credit score you need for a home loan. If you’re hoping to boost your credit score fast, here are some actions you can take.

Correct errors on your credit report 

Correcting errors on your credit report is a relatively quick way to improve your credit score. If it’s a simple identity error—like a credit card that’s not yours showing up—you can get that corrected within one to two months. If it’s an error on one of your accounts, though, it could take longer, because you need to involve your creditor as well as the credit bureau.

The entire process typically takes 30 to 90 days. If there’s a lot of back-and-forth between you, the credit bureau, and your creditor, it could take longer.

The first step to correcting errors is to get a copy of your free credit reports from TransUnion, Equifax, and Experian (the three major credit bureaus). You can do this at no cost once a year at annualcreditreport.com.

Next, review your credit report for errors. If it’s an error on one of your accounts, you must refute that error with the bureau by providing documentation arguing otherwise. For example, if you paid a credit card on time and the card issuer is reporting a late payment, find a bank statement showing that you paid on time.

Credit bureaus typically have 30 days to investigate the error. If they agree that it’s an error, they will remove the item. The credit bureau may also ask for additional information or ask you to discuss the information with the creditor involved. If that’s the case, stay on top of communications with your creditor so you can get things resolved as quickly as possible.

Build a credit history if needed

A low credit score doesn’t always mean you have bad credit. It can just mean you have thin credit. In other words, you haven’t demonstrated enough creditworthiness to potential lenders, at least that they can see on your credit report.

If that’s the case, you may need to open a credit account, such as a credit card, and make payments on it regularly. Try to get a card with no annual fee, if possible. Don’t overspend, or use this as an excuse to take out loans you don’t need.

You could get a secured credit card, for example, and pay for gas and other regular expenses with it. To avoid paying high interest charges or building credit card debt, track your balance throughout the month and pay the balance off every month.

Deal with delinquent accounts

If you have bad credit, bringing delinquent accounts current and settling accounts that are in collections can also boost your score fairly quickly. Once the creditor or collection agency reports your account update, you should see a positive bump in your score.

Keep in mind, though, that your late payment history will remain on your credit report for seven years. If you have bad accounts that have been on your report for six years or more, you may not want to worry about settling them or bringing them up to date. This can re-age the account, and if you fall behind again, it will stay on your credit report for another seven years.

“Make sure you don’t re-age these accounts, because they’re going to drop off soon,” says Nathan Danus, CDMP and director of housing and community development at DebtHelper in West Palm Beach, FL. Negative information typically “falls off” your credit report after seven years, so if you’re close, it’s best to just wait it out.

Lower your credit utilization ratio

Your credit utilization ratio refers to how much you owe compared with the amount of available credit you have. For example, if you have a $10,000 credit limit across all your credit cards and you have balances totaling $9,000, you’ve utilized 90% of your credit. This drags down your score.

“What these consumers often need to do is pay down the balances on their existing credit accounts, which can be a challenge if they’ve allowed the balances to creep up over time,” says Martin H. Lynch, compliance manager and director of education at Cambridge Credit Counseling of Agawam, MA.

“The ratio of what’s owed to the amount of credit available represents 30% of the consumer’s score, so rapid improvement is possible if there’s a large amount of money available to pay down balances.”

Linda L. Jacob, a financial counselor at Consumer Credit of Des Moines, IA, recommends paying down balances to below one-third of your credit line. Any payments you make will be reflected on your credit report as soon as your creditors report your payment to the credit bureaus.

Scores are updated on an ongoing basis, and creditors typically report once per month, so if you make a payment that lowers your credit utilization, that should be reflected on your score within two months.

If you’re regularly using your credit card but you want to keep your utilization low so you can apply for a mortgage, you may want to pay down your credit card balance on a weekly or biweekly basis. This ensures that your balance is as low as possible whenever your creditor reports your payment history to the credit bureaus.

You can also decrease your card utilization by getting more credit, but this approach can backfire. Consumers sometimes assume that by getting new credit, their score will improve. If you have a $3,000 balance on a card with a $4,000 credit limit and you’re approved for a new credit card with a $1,000 limit, you now have $5,000 in total credit lines. Instead of using 75% of your available credit, you’re now using 60%. That’s better, right? Not necessarily.

“Just applying for credit lowers your credit score, and that effect lasts for months,” warns Mike Sullivan, personal finance consultant at Take Charge America in Phoenix. “For the first few months after you apply for credit, your credit score may actually go down.”

You can try getting around this by asking a credit limit increase on a card you already have, instead of opening new credit. Be sure to ask whether they do a “soft” credit pull rather than a “hard” credit pull for a credit limit increase, though, since hard credit inquiries are the ones that affect your credit history.

A creditor may be willing to give you a credit line increase with a “soft” pull, which will not hurt your score. Soft inquiries are for background purposes only.

For example, a credit card company may do a soft pull to see if you’re eligible for certain credit card offers, or an employer may do a soft pull before offering you a job.

Soft pulls can be done without your permission and do not affect your score. Hard pulls require your permission, and are done when lenders or credit card companies are assessing whether to grant you a loan or line of credit.

How to raise your credit score for the long haul

Short-term damage control consists of correcting errors, settling your delinquent accounts, and optimizing your credit utilization to make your credit report look better. Contrary to what some credit repair places promise, you can’t delete genuine negative information from your credit history.

The only other things that will improve your long-term score are time and building up a perfect or nearly perfect payment history, starting now.

For example, if you tend to forget to make payments on credit card debt, you can set up automatic payments. You can set up payments to cover the entire amount, or a minimum amount every month. You can always pay the remaining balance when you get the statement.

You should also check your credit report on a regular basis, so you can fix any errors that occur; for example through identity theft. You’ll also see how your efforts are paying off.

You generally don’t need to pay for a credit report. You can get a free credit report once a year. You may also be able to check your credit report or even see your FICO score for free through your credit union, card issuer, or other financial institution.

And here’s some good news for people with bad credit: Generally, people with the lowest scores will see the biggest gains the fastest.

“It’s a lot like dieting,” says Sullivan. For instance, if your score is 550, “you could probably get it up 30 points in a matter of a couple months, if you’re really dedicated and really careful,” he explains.

On the other hand: “If your credit score is already a 750 and you’re trying to get it to 780, that can take double or more the time.” Still, it’s worth doing whatever you can to improve your credit history and make sure you qualify for the best interest rate possible.

 

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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Just listed- 2618 ONEIDA LOOP, KISSIMMEE, FL

Just listed- 2618 ONEIDA LOOP, KISSIMMEE, FL

Just listed- 2618 ONEIDA LOOP, KISSIMMEE, FL

2618 ONEIDA LOOP, KISSIMMEE, FL

For Sale

$ Click for current price
5 BEDROOMS | 4 Baths (4 full ) BATHROOMS | 2136 SqFt

This fully furnished pool home was primarily used as a Winter retreat and has been very well maintained. Located towards the rear of the community this spacious split floor plan benefits from two full master suites (each with ensuite bathroom and direct access to the pool deck and skylights providing plenty of natural light throughout the main living areas. Tiled throughout – including the bedrooms – the home is cool and easy to maintain. A fully equipped kitchen with island/breakfast bar and dinette is in the center of the home and the separate dining area and large living room completes the living accommodation. Outside the inground pool with spa benefits from an extended pool deck and is completed surrounded by 6ft u-PVC fencing providing plenty of space to sunbathe and relax in your private paradise. The covered lanai is large enough to allow al-fresco. Zoned for short term rental and being just minutes from Disney and amazing shops and restaurants on Hwy 192 it would make an ideal vacation home or primary residence.

 

208 LUCAYA LOOP, DAVENPORT, FL

208 LUCAYA LOOP, DAVENPORT, FL

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208 LUCAYA LOOP, DAVENPORT, FL

Price Reduced

$ Click for current price
2 BEDROOMS | 2 Baths (2 full ) BATHROOMS | 1176 SqFt

What a location! This beautiful end unit condo with spacious balcony is what you’ve been looking for. Located in building 6 on Lucaya Loop, this condo is close to the Lucaya Loop pool and easy walking to distance to the larger community pool and amenities at the clubhouse located at the front of the resort. This well maintained condo is everything you are looking for and more. This beautiful condo has been well maintained and has a modern yet Caribbean feel to the condo. If you enjoy relaxing after a long day at the parks, this condo will work perfect. The good sized deck is designed for you to enjoy the outdoor space with room for you to have several people sat around the patio table and enjoy the ambiance of the resort. Situated in the four corners area, Bahama Bay is minutes from 27 and 192 offering an abundance of restaurants, easy access to grocery stores and the theme parks. What more can you want? Well fortunately, there is a lot more! This Caribbean style resort nestles on the waters edge of Lake Davenport and has several ponds throughout the resort giving you and your guests a look at the beautiful creatures which you may not see at home. Watch the gators and turtles at the end of the fishing pier, sandhill cranes, bunnies and much more. A nature lovers dream within minutes of Walt Disney World. Time to enjoy yourself and live the Florida lifestyle.