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Hurricane season can cause big waves for home buyers

ORLANDO, Fla. --- It’s little known, but Florida’s hurricane season can cause a wave of problems for home buyers. Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty in Orlando, said. The mere approach of a hurricane can shut down a home sale quicker than you can say Katrina.

Soderstrom, whose company formed an alliance with Florida Insurance Specialists in Lake Mary to help clients buy homeowner’s insurance during the sale closing process, said insurance underwriters won’t write policies in some areas once a potential hurricane is named.

“Once a hurricane is named and its likely course is plotted, home insurance underwriters cease activity on new policies in the projected path of the hurricane,” explained Rhett Robbins of Florida Insurance specialists.

“That could delay the sale of a home for as much as a week or more,” Soderstrom said.

“There’s nothing we can do about it but it’s something we have to watch closely during storm season,” Soderstrom said.

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Contact the LR Team of Stirling Sothebys International Realty to assist with all of your real estate needs.
www.LuxuryRooftops.com.

Carolyn Burgiel 407.864.0605
Dan Natoli 407.595.8395

Enjoy breathtaking rolling hill views and a fantastic Nick Faldo designed valley-style golf course in the privately gated community of Bella Collina located in Montverde, Florida.  Join the LR Team of Stirling Sotheby's International Realty in previewing this amazing community.
http://www.youtube.com/watch?v=v8DfEyaoACg
Contact Dan Natoli, Carolyn Burgiel and Darren Iozia today for more information at www.LuxuryRooftops.com

ORLANDO, Fla. – The LR Team at Stirling Sotheby’s International Realty’s Windermere/Dr. Phillips office – Dan Natoli, Carolyn Burgiel and Darren Iozia – foresee a bright future for the Windermere/Dr. Phillips area.

“This may be the first luxury market area of homes over $1 million in the Orlando area to recover from the housing market collapse, said Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty.

Three zip codes – 34786, 32819 and 32836 – are seeing the largest increase in sales of million dollar homes, Soderstrom said. That conclusion is based on the statistics provided by the Central Florida Multiple Listing Service (MLS).

Through May of this year, 41 homes priced at more than $1 million have sold in the area, and in 2009, only 21 million dollar plus homes sold, according to the MLS. This is a 100 percent increase in this upper tier market range.

The LR Team at Stirling Sotheby’s International Realty has identified 238 homes in the area currently offered for sale that are priced at $1 million or more.

“That’s less than a 30-month inventory compared to over a 60-month supply in 2009,” Soderstrom added.

Carolyn Burgiel, a partner with the LR Team stated “The MLS data supports that the average sale price of $1 million plus homes in 2010 was $1,758,763, up from $1,693,716 in 2009. However, per-square-foot prices were down in 2010 at $278 per square foot compared to $322 per square foot in 2009.”

Burgiel said Stirling Sotheby’s is entertaining buyer inquiries from Europe, China, the UK, and Ireland as well as U.S. buyers relocating, downsizing and moving up.

We think the Windermere/Dr. Phillips area is positioned for a very strong recovery,” Burgiel said. “We won’t see 2005 prices again, and that’s part of the reason for the interest in the area,” she said.

Dan Natoli, Carolyn Burgiel & Darren Iozia

The LR Team of Stirling Sotheby's International Realty
is proud to announce that they have been awarded with
March 2010's Top Sales for the company's Dr. Phillips/Windermere office.
Contact the LR Team to serve all of your real estate needs
at www.LuxuryRooftops.com 

Daniel Natoli, Carolyn Burgiel & Darren Iozia, The LR Team of Stirling Sotheby’s International Realty’s Dr. Phillips/Windermere gallery, are pleased to announce the recent sale of a lakefront home located at 808 Main Street in Windermere on Lake Butler, which is one of the Butler Chain of Lakes.  The property sold for $1,549,000. This 4,540 square foot two-story home exudes a relaxing beach house feel  and features an upstairs master bedroom, spacious gameroom, custom kitchen and family room with fireplace. This residence boasts a beach-like setting with a large boat dock with 2 electric hoists, entertaining area and sunset views. You are welcome to view all of the LR Team's luxury properties listings by visiting www.LuxuryRooftops.com.