09.22.17 Creegan Wrap

The Brokerage Your Community Built 407.622.1111

Our Broker is ranked #1 in Central Florida for Units Sold 2016

CONGRATULATIONS CHRIS CREEGAN!

439 Lake Howell Road, Maitland, FL 32751 www.CreeganGroup.com

248402

Recognized as one of today’s top local REALTORS® under the age of 40 who demonstrates excellence in their careers and services to their community and the real estate industry.

BROKER’S UPDATE Buying or Selling in the Peak of Hurricane Season?

Recent weather events here in Central Florida invite questions about how a hurricane can affect your real estate transaction, whether buying or selling. Fortunately, the Florida Association of Realtors and the Florida Bar Association put together a comprehensive contract called the FAR/BAR. This contract is the most commonly used one in Central Florida; it can protect you in the event there is a natural disaster, such as a hurricane, when your closing is pending.

Chris Creegan

The FAR/BAR contract contains two standards that specifically apply to hurricanes, so it is important to understand these before you contract to buy or sell a home during the six-month period that begins on June 1st. Standard G (Force Majeure) provides for a reasonable extension of all time periods specified in the contract in order to allow time for the Force Majeure issue to be resolved and for closing to take place. Standard M (Risk of Loss) mandates that sellers of a property that is damaged, whether due to natural disaster or other incident, bear the cost of restoration, as long as such costs do not exceed 1.5% of the purchase price of the property (but does not preclude the seller from agreeing to repair, even if the cost is more than this amount). If costs are more than 1.5% of the purchase price, buyers may agree to take the property “as is� with a 1.5% credit towards repairs or, in the alternative, cancel the contract and receive a refund of their escrow deposit.

439 Lake Howell Road, Maitland, FL 32751

www.CreeganGroup.com

248403

Performance issues can arise when holding a contract for property impacted by a hurricane. Understanding your options prior to signing a contract is critical. If you have questions or want to learn more, feel free to call me. I would be happy to discuss!

BUYER’S CORNER Happy Wives, Happy Lives Multi-family living is a growing housing trend that is here to stay. Walk in to a new construction community or two (with me, of course) and you will quickly realize the many options to create dual owner suites, apartments over the garage, or junior suites that can accommodate two or more families.

In 2016, a whopping 20% of homes that younger Boomers purchased were a multigenerational home. What were the two most oft-cited reasons for purchasing a dual family home? A desire to take care of aging parents and/or the need to house children over 18 whom either never left home or who returned home, after college.

Kristin Creegan

Thinking of converting a bed/bath to a second master suite to support your family? First, be sure to check with your real estate agent to see if the neighborhood supports such a renovation. If yes, then go for it! A spacious home that can easily house two families is a highly desirable feature in today’s market.

Multi-Generational Homes For Sale LAKE GEORGIA WATERFRONT

2009 E JEFFERSON ST, ORLANDO

Main Home 7 Beds Plus 3 Bed Apartment over the 5 Car Garage

$874,900

439 Lake Howell Road, Maitland, FL 32751

DOWNTOWN ORLANDO

Home 1 - 2 beds, 2 baths Home 2 - 4 beds, 2 baths Live in one, rent the other

$499,900

www.CreeganGroup.com

248404

5800 DEAN ROAD, ORLANDO

TITLE & CLOSING SERVICES A local, veteran owned company

At the Mortgage Firm, we have many lenders to shop the best rates and products that are right for you.

•Conventional Loans as low as 3% down •FHA, VA and USDA Loans •Jumbo Loans •Condominiums •Foreign National Loan Programs •No closing cost options available •Self Employed borrowers with only 1 year tax return •Asset based loans •Loans just out of Short-Sale or Foreclosure

Get started today!

Christian Plocica GetCall started today!

At (321) 972-9454 to learn more.

MORTGAGE LOAN ORIGINATOR | NMLS 988542

w w w. r e c s f l .co m

Are You Selling or Refinancing Your Home?

Call us today for a closing cost quote!

Title Insurance, Escrow and Closings

Our staff includes top closers with decades of experience in the central Florida market. Our company was built with a reputation of excellent service for our clients and we hope that you will become one of them.

We look forward to seeing you at the closing table!

1011 E. Colonial Dr., Ste 408 Orlando, FL 32803

7575 Dr. Phillips Blvd., Ste 140 Orlando, FL 32819

407-440-5025

407-615-8550

We service the entire state of Florida.

Call Christian Plocica

At (321) 972-9454 to learn more

MORTGAGE LOAN ORIGINATOR • NMLS988542

FAMILY FIRST FIRM Protecting you. Your family. Your future.

The Family First Firm is a boutique law firm established in 2009.

Our firm is dedicated to helping our clients protect themselves, their families, and their legacy through wills and trusts, advanced directives, Medicaid qualification, Veteran’s benefits, and probate.

(407) 574-8125 1212 Mount Vernon Street, Orlando, Florida 32803 Monday - Friday 9AM - 5PM

www.familyfirstfirm.com 248405

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