Properties In Town

Why Is My Lender Asking About That Deposit? 💵

You're getting ready to buy a home and suddenly your lender asks:

"Where did this money come from?"

Don't panic. 😄

During the mortgage process, lenders may need documentation for certain large or unusual deposits appearing in your bank accounts.

Why?

They're verifying your financial information and the source of funds being used in the transaction.

That's why buyers should be careful about:

💰 Large cash deposits
🔄 Moving money between accounts
🎁 Receiving financial gifts
🏦 Transferring investment funds

None of those automatically means there's a problem.

But documentation may be required.

The safest approach?

Before moving large amounts of money while you're under contract, talk with your lender.

🏡 Ready to start your home-buying journey? Contact Properties in Town and let us help you build the right team from the beginning.

🔥🏡 JUST LISTED | ORLANDO CONDO | $95,000

Yes—you read that right. $95,000 in Orlando!

Welcome to 754 E Michigan St., Unit 182, Orlando, FL 32806, a newly renovated 1-bedroom, 1-bath condo in the lakefront community of La Costa Brava Lakeside.
This move-in-ready condo offers an open layout, oversized private balcony overlooking the pool, new luxury vinyl plank flooring, new kitchen cabinets and appliances, a new washing machine, and a new AC system installed in 2025.

🌴 Community amenities include:
🏊 Two swimming pools
🌊 Pool overlooking Lake Pineloch
🚤 Private boat ramp
🏄 Boating & paddleboarding access
💪 Fitness center
🏡 Clubhouse

The HOA includes water, sewer, trash, exterior maintenance, and community amenities.
Another potential advantage: La Costa Brava is reported to be a warrantable condominium community, which may give qualified buyers access to additional conventional financing options. Financing and project eligibility are subject to lender review and buyer qualification.
Conveniently located near S**o, Downtown Orlando, Orlando Health, shopping, dining, and major roads.
The seller is relocating internationally and has priced this property for a quick sale.

📞 Interested? Contact Properties in Town today to schedule your private showing before this opportunity is gone!

Owner occupied; advance notice required for showings. Some listing photos are virtually staged. Buyers and buyers' agents should independently verify information important to their purchase.

**oOrlando

Are you weighing the decision to finish paying off your home loan before you hit retirement age? Here are some things to consider.

Should you pay off your mortgage before retiring? Even if the peace of mind a paid-off mortgage offers sounds appealing, it is not necessarily the right move financially

What's a WDO Inspection? 🐜🏡

If you're buying a Florida home, you may hear three letters you haven't encountered before:

WDO.

WDO stands for Wood-Destroying Organisms.

That can include organisms capable of damaging wood components of a property, such as certain termites and wood-destroying fungi.

Florida's warm, humid environment makes this an especially relevant topic for homeowners.

A WDO inspection is different from a standard home inspection and may be required in certain transactions or loan situations.

The takeaway?

A beautiful house can have important details you won't discover just by admiring the kitchen.

🐜 Buying a home in Central Florida? Contact Properties in Town and let our team help you understand the different pieces of the buying process before closing day.

What Is a "Zero-Lot-Line" Home? 🤔

Here's a real estate term that sounds stranger than it actually is.

A zero-lot-line home is generally built on or very close to one of the property's boundary lines.

Why do communities use this design?

It can allow builders to make more efficient use of smaller lots while still providing homeowners with private living space.

You'll often see designs like this in higher-density communities.

For buyers, the important thing isn't just learning the term.

It's understanding:

📐 Where your property boundaries are
🌳 How much usable yard you have
🏡 Maintenance access
📋 Any community restrictions

Sometimes two homes with similar square footage can offer completely different lot experiences.

📞 Looking for the right combination of home AND lot? Contact Properties in Town and let us help you find the right fit in Central Florida.

🎉🏡 UNDER CONTRACT | OCALA, FL

Great news from Ocala! 13825 SW 51st Lane, Ocala, FL 34481 is officially UNDER CONTRACT! 🔑

Congratulations to Javier Paredes and his sellers on successfully securing a contract and reaching this important milestone. 👏
From getting a property ready for the market and creating exposure to handling inquiries, reviewing offers, negotiating terms, and managing the contract, there are a lot of moving pieces behind every successful real estate transaction.

That’s where the agents at Properties in Town come in. Whether you're selling your current property or searching for your next home, our team provides the market knowledge, communication, and transaction support needed to help you navigate the process.

👏 Congratulations again to Javier and his sellers. Now, on to the closing table!

📞 Thinking about buying or selling in Ocala or Central Florida? Contact Properties in Town today and let’s talk about your next move.

While spring and summer tend to be popular times for buying and selling real estate, there may be some advantages to a home sale in a different season.

Listing Your Home in Fall or Winter Is it a good idea?

What Is a Mortgage Recast? 🏦

Here's a mortgage term many homeowners have never heard:

Mortgage recasting.

With some eligible mortgages, a homeowner may be able to make a substantial payment toward the loan principal and then have the lender recalculate the monthly payment based on the lower remaining balance.

Unlike refinancing, you're generally not replacing the existing mortgage with an entirely new loan.

Why might someone consider it?

For example, a homeowner might purchase their next home before selling the previous one and later apply some of the sale proceeds toward the new mortgage.

But not every mortgage qualifies, and lender rules and fees vary.

💡 Real estate isn't only about finding a house—it's about understanding your options. Thinking about your next move? Contact Properties in Town and let's get the conversation started.

Price Cuts Hit a 4-Year High 🏷️

Here's one of the biggest housing stories as September comes to a close.

Nationally, 20.8% of active home listings had a price reduction in September—the highest share for any month since October 2022.

Active inventory also climbed above 1.16 million homes, up 5.5% from last year.

What does that mean?

For buyers, more inventory and more price adjustments may create opportunities to negotiate.

For sellers, today's market is sending a clear message: pricing correctly from the beginning matters.

A home can be beautiful, but buyers will still compare its price, condition and location with everything else available.

📞 Thinking about buying or selling in Central Florida? Contact Properties in Town and let us help you create a strategy based on today's market—not yesterday's.

Lenders vet adult applicants based on their financial situation, not their age. But there is one age-restricted loan product you can learn about here.

Does age matter when getting a mortgage? The simple answer is that age discrimination in lending is prohibited. However, real life is a bit more nuanced, and age can play a role.