March 2014

Preparing for April 15th

Home Tax Breaks and Energy Credits


 As April 15th is fast approaching, here are a few great articles to help you prepare for the big day. Don't miss out!


Don't-Miss Home Tax Breaks 


Claiming Your Energy Tax Credits 


 What You Should Know About Your Home and Your 2013 Taxes


Real Estate News

Central Florida Market Statistics:
Keeping you informed

January's Orlando Housing Market Report shows a continued rise of median home sale price of 18% with sales experiencing their traditional January dip.


  • The overall median price (all sales types and all home types combined) for the month of January is $149,950, an 18.07 percent increase compared to the $127,000 median price in January 2013. But the January median price is 6.28 percent lower than the December 2013 median price of $160,000, a month-to-month seasonal decline that occurs regularly. 
  • "Normal" home sales (non-bank owned/non short sales) increased by 13.05 percent when compared to January 2013. Closings of short sales decreased by 56.13 percent while closings of foreclosures decreased 13.94 percent.  
  • Single-family home sales decreased 11.38 percent in January 2014 compared to January 2013, while condo sales decreased 13.91 percent.
  • Homes of all types spent an average of 72 days on the market before coming under contract in January 2014, and the average home sold for 96.35 percent of its listing price. In January 2013 those numbers were 80 days and 96.04 percent, respectively. 
  • The average interest rate paid by Orlando homebuyers in January decreased to 4.47 percent. Last month, homebuyers paid an average interest rate of 4.57 percent; this month last year, homebuyers paid an average interest rate of 3.44 percent.   

This Month's Featured Community

Winter Park
Winter Park is a suburban city in Orange County, FL, just 10 minutes northeast of Downtown Orlando, FL. As of the 2010 census, the population in Winter Park sits at 27,852. Winter Park contains 4 public elementary schools, 2 public middle schools, 1 public high school and is also home to Rollins College, Full Sail University, and the Morse Museum of American Art, which houses the largest collection of Tiffany glass. 
Winter Park features open park spaces, residential areas, and a street-side shopping district along Park Avenue. 

Home sale statistics for Winter Park (32789)

Total Inventory

Sales closed
Days on Market
Avg. Sales Price
Median Sales Price

Jan 2013
Jan 2014

*Complete stats and data may be found under Market Info at Zip Code PlusTM data represents  all listings taken or sold within the given zip code, and is  exclusive to residential property, which includes townhomes,  duplexes, single-family homes, and condos. It does not  include vacant land or commercial transaction 

Community Events


March 3rd

Grand Opening Winter Park Train Station
148 Morse Blvd

 March 8th
and every Saturday

Winter Park Farmers Market
200 West New England Ave.
7am - 1pm
March 13thPopcorn Flicks in the Park
"Robin and the 7 Hoods"
Downtown Central Park
251 S. Park Ave

March 22nd

March 22nd 
every 4th Saturday
55th Winter Park Sidewalk Art Festival
Downtown Winter Park
Central Park & Park Avenue

Food Truck Fiesta
Fleet People Park
2000 S. Lakemont Ave



Mortgage Portfolio Products

Increase Your Odds for Approval



Did you know that some banks have portfolio products that allow for greater flexibility that increase your odds for approval?

  • If you have an existing mortgage but would like to close on a new home before selling the old home, you may be able to place 12 months of PITI (principal, interest, taxes, insurance) in the bank and completely discount that mortgage payment to allow you to qualify on the new mortgage.  You just have to list your home.
  • If you'd like to buy that new home but don't have the down payment because you still have equity tied up in the old home, banks can use that equity as your down payment by "cross collateralizing" both homes until it sells.
  • If you have lots of assets but don't want to touch the investments, consider using those investments as collateral for part or all of your purchase.  You could save in closing costs and the rates can be quite reasonable.
  • If you have assets but may be short on income, you may be able to do an "asset dissipation" loan where the bank views your assets as potential income thus supplementing your current income to allow for a lower Debt To Income ratio.
Before you make any big decisions about your next mortgage, you should consult a mortgage expert that has plenty of tools on hand to customize a financing plan just for you. Contact one of our trusted vendors, Jim Scott with Florida Community Bank, at (407) 786-8053 for an appointment today.





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Valence Realty Group LLC
Chuck Valence, Broker/Owner
Cyndy Valence, Owner/Associate

407-797-5034 - Chuck
407-810-3434 - Cyndy (Bilingual)

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A Reputation for Results.

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