Central Florida Real Estate Market Recap of May 2022

May’s median home price was recorded at $379,950, an increase of 2.7% compared to $370,000 in April 2022

May 2022 Recap

State of the Market

  • Inventory increased by 44.2% from April 2022 to May 2022, with over 1200 additional homes hitting the market in May compared to April – this is the highest monthly increase in Orlando inventory to date
  • May’s median home price was recorded at $379,950, an increase of 2.7% compared to $370,000 in April 2022; this sets a record high for the fourth month in a row.
  • Interest rates increased from 4.9% in April 2022 to 5.3% in May 2022. This is the highest interest rates in the Orlando area have been since 2009. This is also…

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How to Survey Your Own Property

There are many reasons you may need to conduct a property survey and determine where the exact boundaries of your property lie. If you are buying or selling a home, this can be important in listing the correct area, or it may be important for construction purposes to be sure you don’t cross the confines. In these scenarios, you should hire a professional surveyor. This is what most homes for sale in Lakeland, FL, will have done before posting a listing. However, to simply understand the legal lines of your home, you can perform a rough survey yourself with a bit of research and caution.

Deciding to Survey Your Land 

The main driver behind a self-survey of your property is to settle disputes surrounding property…

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What Is a Security Deposit?

what-is-a-security-deposit

The experience of owning a home has a number of marked differences from the experience of renting a home, including the way finances work in each scenario. If you have ever rented an apartment, you may have paid a security deposit- but what exactly does that mean? Whether you are thinking of renting out your own home or deciding if you should look at new homes for sale in Orlando, FL, understanding this common rental formality can help you think through all the financial implications of your decisions.

Security Deposits 

In simple terms, a security deposit is a sum of money that a new resident pays to their landlord or property management company upon signing a lease and moving into a home. The payment is meant to…

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