Nova Grove, Narcoossee, Fl

Are these Signs that the Market is Heating up? Have some buyers waited too long ? What can be done?

Is our local market heating up?

On Sunday the day after the Independence Day holiday, we were out and about with buyers for new homes.

The buyers were in a price range in which I have recently been working with buyers, literally just a couple of months ago. ( Same budget and requirements). I had been to the same new construction communities and generous inventory had been available. The Builders were offering great incentives and there were plenty of options.

Not so much this week. In one community which had had almost every home model in inventory there were no homes left other than ones under construction with a three month wait time. The inventory had been depleted and families had already moved in. SOLD signs prevailed in the yards.

The next community we visited had just one home available and it too was several thousand dollars more expensive than it would have been just two months ago.

I too live in a new construction home in a new community on the Narcoossee corridor. There the SOLD signs appeared again this weekend and there is barely any inventory left. Two of the signs appeared on homes where the LR Group had planned OPEN HOUSES this weekend. We had selected homes which we believe offered exceptional value and were priced better than right. The inventory may increase again, but in the not too distant future buyers will now simply have to wait until the end of the year before they are able to move in to a to be built home. 

Unfortunately it looks like the expression "If you Snooze you lose" fits in this market. We would like our buyers to know that sometimes procrastination will not lead to a better solution.

The interest rates are edging up some buyers who just waited will find that they now will qualify for a smaller home than would have been the case just months ago. As the new homes sell out in given areas sellers of existing inventory will ask more and new home buyers will likely see prices rise. That is just Economics 101.

If you are in the market for a home now, don't wait to get engaged in the home search process.

Call us and we will meet with you to discuss your needs, set you up on searches, connect you with lenders and get to work finding you a home. If you are looking here in the general Lake Nona area there are a lot of communities you may not know about. An active local Realtor should be able to show you homes in areas you might no have thought about, which still meet your requirements and needs.

We try to think outside the box and support our customers even when the market is changing. Our sellers will be better able to sell and our buyers will enjoy our support and tips on closing the deal.

Our multi-lingual Team looks forward to working with you

The LR Group 407-593-8234

www.homesinlakenona.com

The Skies are blue over Lake Nona The LR Group - Professional Real Estate

With over 15 years of combined experience in the real estate industry, the LR Group provides the required services to meet our clients needs when buying or selling a home. 

We work from our Lake Nona office located in East Orlando. Broker Associate, Allister Lenn heads the multi-lingual team and is a full-time, professional  real estate agent  focussing on the  Lake Nona, Medical City and St. Cloud area. He and his multi-lingual team are committed to providing you the service you deserve.

Lake Nona is unique for it’s Medical City area which already  includes the VA hospital, Nemours Children’s hospital as well as both the University of Central Florida School of Medicine Campus and UF Research and Medical Facility. Couple this Medical infrastructure with other sports and business development and it is understandable why Lake Nona is one of the fastest growing real estate markets in Florida. 

The proximity to the Orlando International Airport (MCO) is an added benefit for the busy executive and for those who fly frequently.

The skies are blue over Lake Nona - Come make this exciting, developing area your home.

The skies are blue over Lake Nona - Make it home

The LR Group is here to assist you in your real estate transactions in Lake Nona and beyond. 

Please feel free to search your Lake Nona property on our website of call us directly:

Call the LR GROUP 407-593-8234

Lake Nona Orlando - Are you looking for a home in this great area?

Why buy a home in Lake Nona?

Looking for a home in Central Florida? Have you heard of a place named Lake Nona? Lake Nona is an area in the city of Orlando.

Lake Nona is conveniently located at the South East of Orlando. Lake Nona enjoys easy access to the Orlando International Airport (MCO).This makes it an ideal location for busy executives who need to travel and leave home regularly. The community enjoys great open spaces, parks and trails, golf courses and aside range of homes in a selection of prices and sizes.

What type of home are you looking for?

Luxury town homes in a gated community?  - Lake Nona has them.

Estate homes in secluded settings? - Lake Nona has them.

Mansions in an exclusive golf communities? - Lake Nona has some of the city’s finest.

What is driving the growth in the Lake Nona area?

Medical City with the largest VA hospital in the country, 

Nemours - The top children’s hospital

UCF and UF Medical Training facilities

American Tennis Association -coming soon

Crystal Lagoon - coming soon

Shopping and Dining - Being further expanded and developed.

Call us for all things Lake Nona 407-593-8234

The infrastructure and roads in the Lake Nona area are second to none. Take the Beachline Expressway or the Florida Greenway. You can get around from Lake Nona very easily. The expressways give you easy access to Disney, to the beach or to down town Orlando.

If you are from out of town and you have a comfortable budget you will want to check out Laureate Park with the eclectic mix of single family and town homes. If you are a fan of gated communities you will not want to overlook Eagle Creek with it’s spacious homes and golf course. The LR Group can assist you navigate the different communities and point out the variety of options open to you. Let us guide you in your home search.

If Lake Nona has grabbed your attention and you are looking for a home check out our homepage. www.homesinlakenona.com

Thank you for stopping by

The L R Group

Premium Properties Real Estate Services

EMAIL US TODAY - We are here to assist you

Allister Lenn Broker Associate - 

Heriberto Rivera Beltran - Realtor Associate

Nova Grove, Narcoossee, Fl (407) 593-8234 Free Pools Offer !

The Nova Grove community is an enclave of homes in the Narcoossee villge section of St. Cloud.

This is a great area with easy access to Medical City, Lake Nona, St. Cloud and Orlando.

Please don't hesitate to contact the LR Group to find out more about this new construction community or others in the area.

Take advantage of the Free Pools offer currently going on on some homes.

Bidding Wars here again? How do we get our Offer accepted?

In the market to buy a home? Many more people are currently in the market to buy homes. Here in Florida the market is hot. Not only are we seeing more and more buyers from the North, more local home owners have equity in their homes and are contemplating a change of home.

What can buyers do to have their offer accepted?

Cash

As always cash is king, but not every buyer has cash and many who do would like to leverage the cash for other investments so that is an option but one of a few.

Pre-Approval as opposed to Pre-Qualified

This is a more painstaking process but by getting pre-approved you will have supplied your lender with much more exhaustive paper work and the Realtor should be able to explain this to the seller's agent and move your offer to a higher position in the pile.

Clean Ideally Type Written Offers

A clean complete offer looks more professional. Your Realtor should have the ability nowadays to sign the offer electronically.


Contingencies

Sale of Existing Home Contingency

Keep contingencies to a minimum. If you want to even suggest a sale contingency then your home
should at a minimum be on the market, priced to sell at the time you make an offer. Less or no inspections is great. Consider 2 day time line.

Inspection Contingencies

These can be shortened, but make sure you have an inspector lined up and ready to inspect. Miss the deadline and the seller will have no need to repair or compensate you. There are different contracts out there some which favor buyers and others sellers. Make sure that you discuss your options with your Realtor and have them explain the nuances of the contracts to you.  The LR Group will work with you and explain the different options open to you. 407-593-8234 Direct.

Appraisal Contingency

Buying with a Mortgage?

This is usually part of the mortgage process.
Cash buyers may want to pay asking if they are comfortable with the price and property

Quick Closings

If you are prepared to move quickly this will make your offer attractive to sellers. However
check if they may want to move later. Sometimes families with children don't want to move during the school year. These sellers may want to stay in the home for longer so a delayed closing date may be more attractive for these sellers.

I never recommend my buyer becomes a landlord. We at the LR Group are not fans of sellers staying in the home after closing. There are liability issues here and not everyone wants to become a landlord.

Large Deposits and Down Payments / Increase your Earnest Money

Money talks and the more skin a buyer has in the game the more trust that the seller has the buyer is serious and will close. In these situations make sure that you are aware of your timelines and that the agent you are working is too. At The L R Group we work with buyers who make large deposits and
we do our utmost to ensure that all time lines and stipulations are met.

A deposit/Earnest Money of $1,000 might have been OK a few years back. Now consider putting down as much as you can seriously afford. $5,000 non refundable earnest money looks much stronger. Consider upping the Earnest Money as the inspections and contingencies fall off.


Write a Letter

Explain to the seller why you would be the perfect fit for a given home. If you are dealing with a company it probably won't work, but some times someone has a lot of memories and happy times lived in a specific home and these buyers might prefer to know that you aren't going to tear out the yard or the gorgeous kitchen the owner is so proud of. In multiple offer situations it isn't time to be lazy and give up, rather time to be creative and proactive.

Work with Agents who are experienced and care. Interview your agent and ask them what they do and how they will support you. Show your agent loyalty and that you are working with them until the home purchase is completed.

Seller is  always interested in the Net Proceeds

Escalation Clauses

Be prepared to pay more and be the highest bidder. Ask me for details.




The L R Group
Premium Properties Real Estate Services
www.homesinlakenona.com

Tel: 407-593-8234

In the market for luxury homes? The LR Group knows where the new construction is taking place in Lake Nona - Call us

The LR Group is out and about in Lake Nona and beyond checking for new and resale communities in the area. When you are ready to find a new home don't hesitate to call the LR Group.

Our customers understand the benefit of our research and resources. Many Buyers from out of town just don't have the time to do the running around and organizing. We will take cre of this for you ahead of your arrival. If you find a home and want a video tour of the property call us and we can send you a preview ahead of time. Tel: 407-593-8234

Recent LR Group sale in the Lake Nona area

Our team scouts out new construction homes prior to the launch. Don't miss out on opportunities to get the perfect home. Take advantage of VIP info and updates before others. Email lakenonahome@gmail.com

Looking for updated market information contact the LR Group

Underwood Estates - Royal Oak Homes coming soon - The competition is heating on the Narcoossee corridor

On a recent drive down Narcoossee Road we (local realtors the LR Group) saw some land excavation going on and of course as a local Realtor this certainly always gets my attention. The Narcoossee corridor from Lake Nona all the way down to the end at the 192 in St. Cloud is an area which is being heavily developed.

The driving force behind the development is Medical City in the Lake Nona area. What was once a sleepy backwater has become one of the hottest areas for new construction in central Florida.

Now Royal Oak with their 100 ft wide homesites is also getting in on the action. These homes are going to be built on the left hand side of Narcoossee road heading south from Lake Nona.

According to the developer, each of the Estate homes will be very well appointed. 

The kitchens will come standard with 42" cabinetry, crown moulding and stainless steel appliances.
The driveways will have brick pavers. There will be a 5 piece master bath in each home. 

The white picket fences as well as shrubs have already been planted. I like it when the builders put some of the landscaping in first. Especially when homes are being built on a busy road. Before you know it the privacy hedges will have grown and the homesites look better before the homes are up.

Here are some of the models which currently may be built at Lake Underwood Estates

4700 square foot home option can be built on this lot at Underwood Estates - St. Cloud

I was wondering if the name originated from someone binge watching House of Cards... On a serious note I am sure that it came from the mature oak trees on the building site which it looks like Royal Oak has thus far preserved as well as the location on Underwood Avenue. It doesn't look like the homes will be a subdivision per se, however I am sure that they will be governed by some form of HOA. It will be interesting to know more in the coming weeks and months.

At the LR Group we are always out checking on the communities in the Lake Nona/St. Cloud area. If you are looking to buy a home in this corridor please don't hesitate to call us. Our bilingual team can assist you with your home search new or resale. We are here to assist you.

Allister Lenn
Broker Associate
Accredited Buyer's Representative
Premium Properties Real Estate Services
Tel: 407-593-8234
www.homesinlakenona.com

Lennar now offering Front Load Garage properties at Harmony

Lennar is building large executive homes on their preserve sites. Prices are starting in the low 300's for the 50 ft lots with the preserve and waterview. The 40 foot lot homes start in the mid 200'sPlease call the L R Group for updated pricing and to schedule a showing in Harmony.

Large homes on 50 feet lots, covered lanai and long rear yards to the preserve

Lennar is one of the main builders in Harmony. They are developing a plot of land close to the entrance and are building a selection of homes with both front and rear entry garages.

The 40 foot lots will be occupied with rear entry garages and the 50 feet lots with front entry garages.

What does this mean? Well for the buyers of the 50 foot lots they will enjoy a preserve view to the rear as well as some very generous yard space. The view from their porches will be of the front of the
40 feet homes with the majority of vehicles either parked in front of the home on the street or tidily
parked at the back.

The homes are framed and the models will be open soon Here The Peabody Model

The Master is located upstairs at the rear and will enjoy a view over water as well as the preserve

View from Master

The reflective coating is the radiant barrier which is included in the single family homes.

The sticjk is the property line the space beyond between the stick and the pool is responsibility of the association.

New Home Community List - St. Cloud to Lake Nona along the Narcoossee Road

New Home Community List - St.Cloud to Lake Nona along the Narcoossee coridor

The builders are here taking advantage of the Medical City building boom. In anticipation of the
growth and influx of higher paying jobs and business opportunities in the area the Narcoossee Road has been widened to a four lane highway and the builders have built attractive subdivisions left and right of the corridor.


1.)Terra Vista - A&M Homes - Single family homes starting in the mid 200's

2.)Turtle Creek - D R Horton, town-homes starting in the 200's

3.)Narcoossee Village - M/I Homes - starting in the 200's

4.)Nova Grove - Meritage - starting in the 200's

5.)Nova Park - Beazer - starting in the 200's

6.)Avellino - KB Homes - starting in the 200's

7.)East Lake - Meritage Homes - available in the upper 300's

8.)Lakeshore - Pulte coming soon - townhomes starting in the upper 100's

9.)Fells Landing - Meritage Homes - few remaining in the upper 300's

11.)Lake Hinden Cove -AR Bailey Homes - starting in the mid 300's

12.)Park Square Homes  - Waterside Vista  starting in the 400's

10.)Eagle Creek -Standard Pacific Homes - townhomes starting in the mid 200's

11.)Laureate Park - Minto, Ashton Woods, David Weekly - townhomes starting in the upper 200's

12.)Village Walk -Pulte - starting in the upper 200's

13.)ENCLAVE at Village Walk - Prices t.b.d at this stage

The growth in Medical City makes the Narcoossee corridor one of the most desirable places to live

If you have questions about these communities call us or email us we can assist you with your search for the ideal home. We know the different communities and can assist you find the best possible home and community for your family.

www.lakenonahomes.com

The LR Group

Tel: 407-593-8234