Orlando keeps growing

In 2016 Orlando became the city with the fastest growing population and had the fastest growing in employment in the U.S. Orlando just keeps on growing. Growing bigger, growing more popular and simply growing up.

The international airport is being expanded to the tune of $1.1 billion, SunRail is now in operation, the Downtown area is being revamped to name just a few of the exciting developments currently going on. In total over $15 billion is being invested in the Orlando region.

Orlando has grown out of being just a vacation destination into being the number 1 family vacation destination in the world. It is also a center for all manner of manufacturing, pharma, aerospace, logistics and tech industries which keep moving here to enjoy the great climate, the great people and the lower taxes.

Just a few years ago, Orlando held the top spot for property foreclosures in the country, how things have changed. In a recent report out from Zillow, Orlando looks to be on target to become one of the city’s with the best price increases in the U.S.

Whether you are looking to move here or just buy a second home in the Sunshine State, the fact that Central Florida is booming has just got to be a great indicator that you are looking in the right location.

Check out the latest resort community vacation homes for sale in Orlando

Orlando prices on the up

Well buying season is now with us, although according to recent numbers out it has already started. Prices for Orlando Metro were up in February by 2.6% and demand for new homes seems to be far outweighing the amount of listings on the market. Pending sales for March are already up 14% on Februaries numbers.

This leads to one thing and one thing only. Orlando prices on the up and prices will continue to increase.

If you are looking at purchasing a new vacation home, now is the time. Click here to view the latest communities and models.

Orlando Tourism Numbers

The official Orlando Tourism Numbers for 2016 are still a couple of months away from being published, but Florida’s numbers are out. Almost 113 million people visited Florida in 2016. That is about a 7% increase on 2015.

 

Orlando Tourism Numbers

Typically Orlando will see around 2/3’s of all Florida visitors which would represent in the region of 75 million visitors. This year however we are calling this on the more conservative side and are expecting the official number to be declared at closer to the 70 million mark. This will still represent a new record for Orlando tourism numbers and an increase in the region of 5 million year on year.

As well as the increased Orlando tourism numbers an important number for our owners is the Tourist Development Tax which generated $239.5 million in tourist tax during the 2015-2016 fiscal year (thru Sept 2016). This represents an increasing number of guests purchasing accommodation in Orlando.

All of this adds up to explain why our owners are getting around 40 weeks of paid occupancy each year, seeing excellent cash flow and still getting to enjoy their property in Orlando.

If you like the idea of purchasing a vacation home in Orlando visit our main site and discover the latest opportunities.

 

Orlando Resale Opportunities

As we have mentioned before people sell their vacation homes in Orlando for one of 3 main reasons.

  1. They are not getting the bookings

2. They are trading up or down

3. They have a change of personal situation and no longer want or need the property.

 

Orlando Resale Opportunities

One of our clients is in category 3 and having enjoyed their home and associated rental income for several years they are now selling their vacation home. And it really has it all!

Orlando vacation home for saleConservation Privacy View

40 weeks a year in bookings.

5 bedroom villa with a large downstairs master and the exact master upstairs. Fantastic, 2 master suites.

It also has a loft area and a games room

We built this home for the seller and you know if its one of our homes that it is immaculate. Take a look at the pictures of this property. WOW, know you know why everyone wants to stay here. This is a great location and a great community.

Orlando vacation home for sale

Priced at $369,990 fully furnished and with lots of bookings in place this vacation home in Calabria is a great deal

For more photos and information, view this property on our rental site.

For more information about buying this home email us and mention Calabria resale opportunity in the title

The Bears Den Club

The Bears Den Club

For golf fans, the new luxury golf community at Reunion is pretty big news. Designed in conjunction with the Golden Bear himself, Jack Nicklaus, The Bears Den Club promises to be  one of the most talked about new vacation home communities in Florida.

These luxury homes surround the 17th and 18th holes of the Tradition Golf Course at Reunion and offer owners and renters the opportunity to enjoy golf front splendor at it’s finest. Jack is even having a home constructed here. Imagine being neighbors to the Golden Bear?

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Privacy lots and vacation homes

Privacy lots – Are they worth it? Privacy is something which we all try an enjoy. It is something we all would like to have and in today’s world having the money seems to be about the only way to achieve this without living in the middle of nowhere off a dirt track.

Privacy lots in very simple terms are lots which are not overlooked by the neighbors. They could be on the waterfront, facing preserves or even on a golf course.  Privacy  lots are typically the most in demand lots after waterfront lots.

Privacy lots and vacation homes continue this trend as highly sought after pieces of real estate. The owners will get to enjoy a degree of privacy when they are using the property. They will be able to advertise their rental property as being private and not overlooked, which can mean that they will be able to charge a little more per week than the neighbor who has a back to back property where you can see your neighbors splashing around in their pool and vice versa.

Is the added cost of privacy lots really worth it?

This will depend on how you intend to personally use the property. You need to acknowledge whether or not you can justify a few thousand more dollars. Should you be planning to use the property as a pure investment property, then perhaps it will make more financial sense to buy the cheaper property. As you can see, we cannot answer this question for you.

Over the last 3o something years we have realized that waterfront lots and privacy lots always seem to be sold first. The property could be brand new or it could be a resale, these lots will carry a premium of sorts. It could be a higher sales price or it could simply be that the property sells quicker.

 

As a future owner, you need to base your decision making on three primary criteria:

  • How much money are you willing or able to spend?
  • How do you intend to use the property?
  • Which property represents the best value for money, based on the other two criteria?

 

Orlando privacy lots and waterfront lots for saleBuy a waterfront or privacy lot

Currently we have access to a limited number of waterfront AND privacy lots on a brand new community very close to Disney which has been designed specifically for the rental vacation home market and comes with a huge array of excellent amenities and facilities.

These sophisticated new vacation pool homes range from $400,000 through to $550,000.

If you are ready to buy a new vacation home in Orlando and fancy a waterfront / privacy lot in a great community, you need to CONTACT US IMMEDIATELY while we still have availability.

James Mitchell

N.B/ Remember that as a buyer our services cost you nothing, as we are paid by the seller/developer

Waterfront vacation homes

Waterfront vacation homes have always been in demand and Orlando is no different. What could be better than relaxing in your pool whilst enjoying the perfect sunset over the lake?

Just this week we have closed on this lovely waterfront home which will be on the short term rental market within a matter of weeks.

dr-horton-waterfront-home-orlando

 

 

dr-horton-waterfront-home-orlando-kitchen

 

Also over the weekend another British family decided that it was time for their very own fairytale as they purchased the following model

Orlando waterfront vacation homes

which will be constructed on this lot.

Orlando waterfront vacation homes

Just imagine starting and ending your day here!

You may ask how so many of our clients manage to buy waterfront vacation homes in Orlando and the answer is easy. When you have been in the business as long as I have, the developers know who to reach out to when these lots become available.

Guess what, they come to me first because I am in the privileged position of  always having clients, many of whom are referrals or happy owners purchasing a second or third property.

If you are seriously considering the purchase of a new vacation home in Orlando, you are more than welcome to get in contact with us. We will work harder than anyone else to find you your very own fairytale castle in the sun.

James Mitchell

N.B/ Remember that as a buyer our services cost you nothing, as we are paid by the seller/developer

 

Advantages & Disadvantages of Buying as an Individual

Advantages and Disadvantages of Buying as an Individual

Trying to decide how to purchase US real property?

Currently, long term capital gains tax rates are 15% for individuals and there is no capital gains treatment for C corporations.  Federal corporate tax rates can be as high as 35%.  What this means for the foreign buyer is a tax savings on the capital gains on the sale of the property if it is held individually as opposed to a standard corporation. However, these taxes can be avoided, and the foreign person can obtain the Federal capital gains tax rate of 15%, by creating an LLC.  LLC’s allow individuals to be taxed at their own individual tax rate, instead of being subject to the high corporate tax rates of 35%.  As a result, there is not a significant advantage in tax treatment to a foreign buyer if they own a property individually.

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