Port Orange News : Cypress Head Golf Club is 20 Years Old !!!

It is hard to believe that our Golf Course is 20 years old. I have enjoyed playing there with friends and family. It has a nice practice range with putting green and bunker area. It is still a challenging course to play. The Course has always been well maintained and the Grounds Crew keep hard at work. It is also a Great Community to Live In !

The homes in Cypress Head range from Town homes to Estate Homes. Parts of the Community are gated, while much is open. It also has a fine Club House and Community Pool.

There are several homes for sale right now. Our Listing in Cypress Head is a Great Buy under $200K. Much of the Interior has been Beautifully Re-done by current owners. All it needs is you.

You can keep track of homes in your Neighborhood by using our Subdivision Search. No log in and Search all you want. If you would like some information or to go see a home, please call or Contact Us .

If you would like to play a round, you can Book it On-line .

Port Orange News : Lease Purchase !!

What is a Lease Purchase Option?
If a Seller has a home sitting vacant on the market, and they want to get a certain dollar amount out of a house, they have only a few options:
    1-- They can rent the home and wait for the market to improve. This can be risky. If they are paying two mortgages, and a renter walks away, they have a small deposit to cover them. If the renter quits paying, they have to follow rules for eviction. Then get another renter. If they fall behind on payments, foreclosure proceedings get started.
    2-- They can do a short sale. This can hurt their credit. If they are not already in another home, it could make it difficult to rent or buy.
    3-- They could let it go into foreclosure. This will really hurt their credit. ... For a long time.
    4-- They can do a Lease Purchase .

This is what a Lease Purchase entails:
    1-- They list their home on the market with Lease Option Available.
    2-- A potential Buyer puts in a contract to purchase a year later.
    3-- A lease option is drawn up by an attorney.
    4-- Usually a sizable NON-REFUNDABLE deposit is requested. The deposit is the only money applied towards purchase, monthly lease payment does not.
    5-- At the end of Lease period, the buyer should close on property.

During the Lease Purchase Term, the home owner must keep up with Mortgage payments , HOA if required, Taxes, and home insurance. The buyer now bears responsibility for the property itself and is required to get insurance for their contents.

If you hare considering a Lease Purchase, make sure you understand the lease and the responsibilities.

We have a beautiful Home in Summer Trees of Port Orange with a Lease Option Available!!
Feel free to use our Subdivision Search and keep track of the home prices in your neighborhood.

Port Orange News : Time on Market Down !!

According to the National Association of Realtors, the amount of time a home is on the market has been reduced. InJuly of 2011, the median time a home was listed for sale on the market was for an average of 98 days. In July of 2012, that time dropped to 69 days. This means we are in a more balanced market.

There is always a relationship between time on the market and demand. That is common sense. During a balanced market, a price increase of 1-2% above inflation is normal. During the hey-day of 2004-2005, the time listed for sale was down to 40 days or less.

We are in a good market where sellers are getting a fair market price. We just need the appraisers to keep up with the market.

Keep track of the active listings in your neighborhood by using Subdivision Search on our Website. You don't have to Log-In.

Information for this BLOG were taken from NAR NewsReleases