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Join Orange County Property Appraiser, Rick Singh, alongside an amazing panel of industry insiders at the 2018 State of Orange County Real Estate. A must-see event for every real estate professional.
Visit www.ocpafl.org/sigup.aspx to register for this unbelievable FREE EVENT!

Networking from 5:00 p.m. - 6:00 p.m. || Doors open at 6:00 p.m.
 
Just a reminder - our office will be closed tomorrow for the Fourth of July. If you are looking for a great way to celebrate this Independence Day, come out and join us at Lake Eola for the festivities and fireworks!  
The new forecast predicts 11 named storms, four hurricanes, one of which would be major. The seasonal average is 12 named storms, six to seven hurricanes, three to four of which are major.  
The purchase of Royal Isles brings FCP’s multifamily portfolio in Florida to more than 2,000 units. Evan Kristol and Felipe Echarte of The Kristol Group of Marcus & Millichap represented the seller in the transaction. Berkadia and Fannie Mae facilitated the assumption of the existing mortgage on the property.
FCP also reports the $24.5-million sale of the 170-unit River Pointe Apartments in Fort Washington, MD to Aulder Capital.
 
Sears Holdings announced another 10 Sears and Kmart stores would close in the coming months, bringing the total number of closures disclosed in the last month to 78.

Property owner Seritage Growth Properties has been targeting the site for redevelopment for more than a year and has even featured Altamonte Mall as a site for new hotels and retail during presentations at real estate trade shows. It includes a 73,549-square-foot department store and the 33,630-square-foot auto center.
 
Many basketball players own real estate in Los Angeles and spend the off-season there, but James appeared to double down on the area in December when he bought a second home in Brentwood for $23 million.  
Join Orange County Property Appraiser, Rick Singh, alongside an amazing panel of industry insiders at the 2018 State of Orange County Real Estate. A must-see event for every real estate professional.
Visit www.ocpafl.org/signup.aspx to register for this unbelievable FREE EVENT!
Networking from 5:00 p.m. - 6:00 p.m. || Doors open at 6:00 p.m.
 
And the countdown begins... be sure to RSVP to this free and unbelievable event here: http://www.ocpafl.org/signup.aspx  
Today OCPA is participating at The Caribbean Heritage Festival 1:00pm to 6:00pm. Lots of fun, food and shows. Come by for lots of information we have for you!  
Yesterday our office participated in the East Orlando Business Expo at the Doubletree Hilton by the airport answering questions about homestead and other services our office offers! Thank you to the East Orlando Chamber for having us!  
This 168-room hotel is located very close to the Universal Orlando Resort and next to the company's Hyatt Place hotel. It provides easy access to Orlando International Airport. Further, the property is in the vicinity of the new Volcano Bay water park, Walt Disney World Resort, SeaWorld Orlando, ICON Orlando 360 and SEA LIFE Orlando Aquarium. With such a fitting location, the hotel is expected to witness great occupancy and high revenues per available room.  
Displaced Puerto Rican families who could be evicted from Central Florida hotels this week set up a "tent city" protest outside the Gaylord Palms resort to demand Gov. Rick Scott's help with housing.  
Orange County Property Appraiser, Rick Singh, presents the 2018 State of Orange County Real Estate from 5:00 p.m. - 8:00 p.m. Thursday, August 23rd, at the Wyndham International Resort. This is a FREE event and open to the public. We hope to see you there! You don't want to miss this. Please RSVP here: http://www.ocpafl.org/signup.aspx  
"We are experiencing an unusual market filled with buyers who want to buy but sellers who don't want to sell out of concern that there is no place for them to go," explains ORRA President Lou Nimkoff. "Many would-be sellers aren't moving because they worry about finding another home to buy in such a tight-inventory environment. In addition, the median length to stay in a home by recent sellers has now swelled to 10 years (historically, it was about six to eight years), which is further reducing inventory turnover."  
"Don't make the offer all about money. Ask what the seller wants. Your agent should find out what the sellers needs are in advance - whether it's a specific closing timeframe, a lease back, or any items excluded from sale - and include those things in the opening offer. This shows that you are flexible and willing to make the sale easy on the seller."  
Orange County Property Appraiser, Rick Singh is featured on the cover of IBA Success Magazine. IBA Success Magazine gets close and personal with Rick Singh on revolutionizing Orange County's Appraisal Process. Read all about it in this digital print!  
Because of the amount of information consumers are able to access, change is taking place in the retail industry. Retail store owners, commercial brokers and staff are no longer the ones with absolute power. Consumers are not taking a back seat anymore and the ramifications for the commercial real estate industry cannot be taken lightly.  
“From sea to shining sea...”
What are your Independence Day plans, Orange County? We will be at the Fireworks at the Fountain in Lake Eola on July 4th. Come stop by!
 
In an industry where technology is changing the way we do business minute by minute, one of the most important factors when purchasing a home is done in an archaic fashion. Does the residential appraisal process need to be modernized? http://ow.ly/E48O30kEQPA  
Orlando rental prices continue to rise at a fast rate - Orlando was ranked as the 29th most expensive city out of 100 of the largest cities, according to a recent study. http://ow.ly/i7wX30kEPtP  
Thinking of investing in real estate? Considered by many to be one of the best investments around, it is also a commitment. So how do you know if it’s right for you? Here’s a checklist of five requirements to help you know you’re ready. http://ow.ly/iyFE30kEi9d  
Another great testimonial from a website visitor. Thanks for the feedback! Visited our site recently? Let us know what you like and how we can better serve you. #OCPA #onlinefiling #orangecountyfl #homeowner #homestead #exemption #testimonial #orlando #florida #orlandorealtors  
Improving the resale value out of your property can involve a lot of time and investment, but a little research and planning can help you get the most out of your effort. If you're looking for smart ways to improve your property value, here are 7 tips for updating your home. http://ow.ly/BgYD30kCnTj  
In May, Orlando home prices rise as sales and inventory tumble, according to housing report from Orlando Regional Realtors Association (video, stats and infographics). http://ow.ly/dGeZ30kBmmx  
For some, tiny homes seem like a great option for a low-cost, minimalist lifestyle. But varying zoning and code enforcement laws can get confusing. For those considering going tiny, here's some tips to make sure you're covered. http://ow.ly/mD9S30kBjTe  
“It’s really important for people to know that hurricane season is less than three months away,” he said. “It’s time for families to get ready now.”  
Amazon inked a deal with Marriott to roll out the technology this summer at select properties in Marriott Hotels; Westin Hotels & Resorts; St. Regis Hotels & Resorts; Aloft Hotels; and Autograph Collection Hotels. Alexa will also be available at boutique properties including Thompson Hotels; Joie de Vivre; Destination Hotels; and Alila, in addition to vacation rental properties from RedAwning.  
Do you ever wonder what an Appraiser actually does? Check out this article below to learn more. When you’re considering buying a house, there are two sides to the story: the seller’s asking price and the actual value of the property. This is where an appraiser steps in.  
The growing community on Lake Fairview in College Park gives minimalists a place to park their tiny home in a scenic part of Orlando.  
Good morning Orange County! Check out the news below!

There are a couple of things that could affect your appraisal from the appraiser’s side. We’ve seen situations where appraisers have performed appraisals in markets in which they have had very little experience. In these situations, the appraisals can come in way short.
 
Redfin’s CEO said in February that he expects housing-market conditions to get worse before they get better.  
Tiny homes offer an exciting living option somewhere between renting and buying –– and ever-practical young professionals are biting.

Real estate alternatives: 8 reasons millennials are choosing tiny homes
 
Interest from prospective home buyers in Northern states have propelled two Florida counties -- Sarasota and Collier -- to the top of the nation's fastest-growing luxury housing markets, according to the May 2018 Luxury Home Index from realtor.com®  
From all of us at OCPA, we want to say thank you to all the dads out there. Have a Happy Father's Day weekend!  
Becoming a father was the happiest moment of my life and I am beyond blessed with two amazing children. Happy Father’s day to all of the fathers, and may you enjoy the day with your children.

- Rick Singh
 
SunTrust Plaza at Church Street Station, a 28-story commercial high-rise with office space and a hotel, is planned for the corner of Garland Avenue and South Street in Orlando. (HuntonBrady Architects/handout)- Original Credit: handout- Original Source: SunTrust (HuntonBrady Architects / Courtesy photo)  
A Winter Park based firm specializing in custom home builds was named best custom home builder in the U.S. Founder Phil Kean is one of the most experienced green builders in Central Florida, garnering 13 different awards for sustainability.  http://ow.ly/Igt830kwrR0  
Congratulations to the Orange County Property Appraiser, Rick Singh, for being on the cover of IBA Success Magazine! Make sure to pick one up and read all about him!  
Celebrating the cover release of Orange County Property Appraiser Rick Singh on the cover of IBA Magazine with his staff!  
To use the "vending machine," the buyer must first purchase a used vehicle from Carvana's website. Instead of getting the car delivered to their home, the car is instead transported to the vending site the following day where the buyer is given a medallion to put into the coin slot.  
As we officially enter hurricane season, the U.S. Dept. of Energy offers some information and resources to stay informed and prepared.
http://ow.ly/ZxDz30krN0R
 
The Orange County Property Appraiser, Rick Singh, joined the people of the community to honor the memory of the 49 angels who were taken 2 years ago from Pulse.  
Please join us on Facebook Live at 2:50pm today, as Property Appraiser Rick Singh with his staff gather to remember the 49 lives lost in the Pulse tragedy.  
  Two years ago, our City Beautiful was thrust in the midst of a tragic incident that took 49 precious lives. We remember the victims’ and their families, and will never forget them. We also remember another thing: Floridians are tough; we are resilient, and above all, we stand together. I humbly serve this county as your property appraiser, and each day when I walk out on the beautiful streets of Orlando, I am greeted with such happy and delightful smiles of people who are also proud to be a part of this community. To all my constituents that I zealously serve, I stand in solidarity alongside you, and support you.

-- Rick Singh, Orange County Property Appraiser
 
This summer, we're bring our office to your neighborhood with satellite offices. Our knowledgeable staff will answer questions about property tax exemptions like Homestead, Military/Disabled Veterans, Limited Income Senior and more - For details on dates and locations visit
http://www.ocpafl.org/satelliteoffices.aspx
 
Tokyo overtook London as the world’s busiest real estate market in the first quarter of 2018, with mega-deals and an unusually positive economic outlook driving demand.  
Know the rules of your loan, or else it will cost you a pretty penny...  
Be prepared Orange County...  
Home ownership is calculated by dividing the number of homes owned in the numerator with the number of homes owned and not owned (rented) in the denominator. But the data is not on a per capita basis. Asian American home ownership rates may be high partially because home ownership is measured at the household level.  
Rise and Shine Orange County!
Shaquile O’Neal is asking $28 million for his home, which he bought in 1993 for $3.95 million and has since added thousands of square feet of space. When it comes to listing price, his worst nightmare by comparison might be 9912 Lake Louise Drive, which listed at $16.5 million in 2015 but sold for half that.
 
An acute shortage of affordable homes in the U.S. will continue over the coming year, according to a majority of property market analysts polled by Reuters. Annual average earnings growth has remained below 3 percent even as house price rises have averaged more than 5 percent over the last few years.  
American Campus Communities, Inc. reports it has signed a non-binding letter of intent to lease land from a subsidiary of Walt Disney World Resort here to develop a $615-million student housing project for the participants of the Disney College Program.
http://ow.ly/8phG30kncMV
 
  American Campus Communities, Inc. reports it has signed a non-binding letter of intent to lease land from a subsidiary of Walt Disney World Resort here to develop a $615-million student housing project for the participants of the Disney College Program.
http://ow.ly/8phG30kncMV
 
Orange County Property Appraiser, Rick Singh, did it AGAIN! Front page of the Orlando Sentinel today - "Orange County again sees 'record breaking' growth in property values." Be sure to pick up the local paper to read more about the growth!
http://www.orlandosentinel.com/news/orange/os-orange-county-property-values-tax-roll-20180605-story.html
 
Your Property Appraiser, Rick Singh, has some exciting updates for you about Orange County! Check back on our page in 5 minutes for a LIVE! Update.  
  The month of June is Pride Month. It is a month-long observance of lesbian, gay, bisexual and transgender (LGBT) history, along with the history of the gay rights and related civil rights movements. This month was chosen to commemorate the Stonewall riots, which occurred at the end of June 1969. As a result, many pride events are held during this month to recognize the positive impact LGBT people have had in the world.  
Where are our Horizon West followers today?

Two parcels of land in Horizon West spanning 108 acres might soon host about 500 homes. The project, known as Lake Austin, is located west of Avalon Road, south of Grove Blossom Way and east of Lake County.
 
WalletHub rates best cities for a fun-filled #staycation. Guess what city topped the list?
http://ow.ly/neTU30khWs1 #loveorlando #orlandoFL
 
“It still makes sense to invest in real estate for diversification in the portfolio, but the market timing is less good than it was a few years ago,” said Thomas Veraguth, a Zurich-based real estate strategist at UBS Global Wealth Management’s Chief Investment Office  
New listings for single-family homes in April rose 9.8 percent year-over-year, while new townhouse-condo listings increased 8.3 percent. If this trend continues, it should help ease the too-tight inventory in many areas.
http://ow.ly/WBAt30kgKXI
 
“Overall, the residential land market in Florida is very strong as a result of the improving economy, combined with the continued influx of almost 1,000 people per day to the state,” Saunders said. “As demand for residential development land increases, sales of agriculture land in the paths of progress increase. With the capital earned from selling land for high development prices, sellers are reinvesting in other rural agriculture land."  
Join us at Lexus of Orlando for IBA Success Magazine Cover Release Mixer featuring Rick Singh on June 14 - RSVP TODAY!
http://ow.ly/mHvA30khVjW
#RickSingh #LexusOfOrlando #ShowRoomFloor #CoverReleaseMixer
#orlandoevents #realestatenews #orlando #business #networking
 
Property values for Orange County continue to increase, topping last year’s numbers. The market value of properties in Orange County is up 8.4 percent from $171.9 billion in 2017 to $186.3 billion.  
Orlando area leads manufacturing job growth in 2018 among the 71 largest metros, racking up 23.6% growth since 2012 and 7.9% last year. Companies like Lockheed Martin and Siemens Energy have led the charge to bring advanced manufacturing jobs to the area.
http://ow.ly/H4rL30kgLlP
 
We are here today at the 50+ Expo at the Renaissance Senior Center of Econlockhatchee Tr answering questions and giving information to our seniors about other exemptions they may qualify for such as Limited Income Seniors and disabled Veterans, for more information please visit our website at ocpafl.org or call our office at 407-836-5044 to find out if you may qualify!  
Property values for Orange County continue to increase, topping last year’s numbers. The $3.6 billion in new construction averages out to $9.8 million per day, which is an increase of $1.3 million per day over 2017.  
Property values for Orange County continue to increase, topping last year’s numbers. Orange County's 2018 taxable value increased 9.3 percent, from $119.3 billion in 2017, to $130.5 billion.  
Prices for single-family homes were up across the nation by about 7% annually as of March. But Las Vegas led the pack of metros, with the largest annual price hike, 12.6%, as of March, according to real estate data firm CoreLogic's recently released Home Price Index. (That's higher than San Francisco, where single-family homes were 10.8% more expensive year over year.)  
Last Thursday, President Donald Trump signed legislation rolling back some of the lending restrictions enacted in response to the housing boom and bust. While the new law doesn’t entirely do away with those financial reforms, it does have some significant implications for home buyers.  
  Good morning, Orange County! At the Property Appraiser's Office, Rick Singh ensures that we treat all our constituents with dignity and respect. We hold our professionalism to a standard unlike any other and take pride in that, for you! As Mahatma Gandhi once said:

"A customer is the most important visitor on our premises. He is not dependent on us. We are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favor by serving him. He is doing us a favor by giving us an opportunity to do so."
 
After wrapping up our State of Lake Nona event, we're getting VERY excited to be gearing up for our next signature "State of" event - The State of Orange County Real Estate. We will have more information for you in the coming days. We will have a dynamic panel of industry insiders who will provide a wealth of knowledge, like the ones below did for the State of Lake Nona Real Estate... stay tuned.  
A Florida-based private-equity firm is doubling down on an investment strategy focusing on the graying of America.  
Just as a reminder, our office will be closed on Monday, May 28, in honor of Memorial Day. From all of us at the Orange County Property Appraiser's Office, Happy Memorial Day weekend.  
According to AAA, more than 41.5 million Americans will travel this 2018 Memorial Day weekend, nearly 5 percent more than last year and the most in more than a dozen years, with Orlando being the TOP destination! Where will you be traveling to this weekend?  
Theme parks expansions and record-breaking tourism numbers are drawing more foreign real estate investors than ever, but who some of these investors are - and where they're investing - might surprise you.  
Have you visited us lately? Our customer satisfaction rating exceeds expectations! We have a wait time of 1.5 minutes in our lobby before you are serviced by one of our professional service staffs, and if you call us, you will only be on hold for 36 seconds at most! As always, if there is anything we can do for you, please let us know, we are happy to serve!  
While in office, Orange County Property Appraiser, Rick Singh, has returned over $750 million to the tax base, a historic high. This is what we call fair and equitable for the people we serve. We are happy to serve you. To learn more about how our office can provide services for you.  
As Orlando home prices continue to rise significantly faster than average wages, competition is heating up for smaller more affordable options like condos and townhouses.  
  • 458,219 Parcels
  • 287,063 Single Family Residential
  • 49,897 Residential Condos
  • 20,358 Townhomes
  • 72 Timeshares
  • 4,287 Multi-Family
  • 851 Apartment Complexes
    • 127,948 Apartment Units
  • 279 Hotels
    • 86,676 Hotel Rooms
  • 117 Mobile Home Parks
    • 12,928 Mobile Homes
  • 4,793 Manufactured Homes
  • 26,049 Vacant Residential
  • 13,912 Commercial
  • 50,541 Other