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Russie Weidl
REALTOR®, PA, GRI, ASP, REOS, CDPE
7015 County Road 46A
Lake Mary, FL 32746
Phone: 407-721-8822
russie@watsonrealtycorp.com https://russieweidl.watsonrealtycorp.com/

 

Russie Weidl, REALTOR®, PA, GRI, ASP, REOS, CDPE is a Graduate of the Real Estate Institute. Russie currently works for Watson Realty Corporation in Lake Mary Florida. She is also an Accredited Staging Professional (ASP), Real Estate Owned Specialist (REOS) and a Certified Distressed Property Expert (CDPE). Russie has been the recipient of many awards throughout the years for excellence in her profession. Russie received The Gold Pinnacle Award every year for the last 11 years. It is given to Realtors of Watson Realty Corporation who achieve $10 million to $25 million in sales.  In 2016, Russie achieved over $21+ Million in residential sales.

For the eleventh year in a row she was recently awarded the FIVE STAR Best in Client Satisfaction Real Estate Agent in Lake Mary, Florida, and named one of the Top Hot 100 Real Estate Professionals in Orlando, Florida.

Buyers: Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use my Dream Home Finder form and I'll conduct a personalized search for you.
Sellers: If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I would love to help you with a FREE Market Analysis. I will use comparable sold listings to help you determine the accurate market value of your home.

 

 

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Real Estate News!!!

Latest Realty News from NAR

Foreign Buyers Purchased $4.8 Billion in U.S. Commercial Real Estate in 2018

International clients are an important niche market for residential and commercial REALTORS® alike. In the latest 2019 Commercial Real Estate International Business Trends, NAR reported that foreign buyers purchased $4.8 billion of U.S. commercial real estate in 2018.[1] The median value for a buyer-side transaction was $600,000, while the median value for a seller-side transaction was $1 million. The dollar volume of foreign buyer purchases of U.S. commercial property declined in 2018 compared to the $6.7 billion in 2017 and $7.9 billion in 2016 as the economic expansion slowed in Asia (e.g., China, Japan), Canada, Europe (e.g. United Kingdom, Germany, France, Italy, and Spain), and Latin America.

Major Buyers of Commercial Property

Asia was the largest source of U.S. commercial property buyers, accounting for about a third (34 percent; 28 percent in 2017) followed by the Canada and Latin America (29 percent; 25 percent in 2017), Europe (20 percent; 29 percent in 2017), Middle East (10 percent; 12 percent in 2017), Oceania (2 percent; 1 percent in 2017), and from other countries that were not identified by respondents (3 percent; 6 percent in 2017).

The top foreign buyers of commercial property were China (21 percent), Canada (7 percent), Mexico (6 percent), Germany (5 percent), India (5 percent), Israel (5 percent), United Kingdom (5 percent), Venezuela (5 percent), Vietnam (5 percent), and Italy (4 percent).

Major Destinations of Buyers of Commercial Property

Florida was top choice among foreign buyers of U.S. commercial property (20 percent) followed by Illinois (13 percent), Texas (11 percent), and California (9 percent). Other top destinations were Georgia, New York, Virginia, Hawaii, Maryland, Massachusetts, Nevada, New Jersey, and Oklahoma.

Financing and Types of Property Purchased

About half of commercial foreign buyers, 52 percent, made an all-cash purchase (70 percent in 2017), and 25 percent obtained financing from a U.S. source.

International commercial buyers purchased across a variety of property types, but apartment was the most preferred, at apartment (19 percent), followed by retail (16 percent), land (12 percent), industrial (11 percent), office (9 percent), hotel (9 percent), and other types.

The bulk of foreign buyers of commercial property purchased the property as an investment to be rented out (39 percent in 2017), and 33 percent purchased the property for a business they participate in (34 percent in 2017). The Other category, which accounted for 22 percent (16 percent in 2017), includes a purchase of the property for residential and business-related uses.

Reasons Foreign Client Decided Not to Purchase U.S. Commercial Real Estate

One in five international clients decided not to purchase U.S. commercial properties in 2018 (17 percent in 2017). Understandably, the primary reason deterring a purchase is cost and exchange rate changes (36 percent of clients who decided not to purchase; 30 percent in 2017).Other major reasons are the buyer “could not find a property” (31 percent of clients who decided not to purchase), difficulty moving money out of the country (22 percent; 17 percent in 2017), tax-related issues (22 percent; 17 percent in 2017), immigration/visa (9 percent), and difficulty obtaining financing (9 percent).


[1] NAR also estimates foreign buyer purchases of U.S. residential property. According to the 2018 National Association of REALTORS® Profile of International Activity in U.S. Residential Real Estate, foreign buyers purchased $121 billion of residential property during April 2017—March 2018, or eight percent of the $1.6 trillion of total existing home sales during the same period.

 

Older Boomers: Most Satisfied Buyers Purchasing Forever Homes

Older Boomers, buyers aged 64 to 72 years, made up 14 percent of all home buyers in 2018 again this year. The median age for this group was 68 years old and they were born between 1946 and 1954. Within this group, they had the third largest share of single female buyers at 20 percent. Their primary reasons for purchasing a home were the desire to live closer to friends and family (22 percent), followed by retirement (19 percent).

Combined, Older Boomers owned the highest share of investment (10 percent) and vacation (seven percent) properties. Older Boomers were the most likely to purchase homes in a rural area (25 percent) and in a small town (14 percent).

Compared to other buyers, they moved the greatest distances at a median of 30 miles, same as the Silent Generation. Older Boomers were the less likely to purchase homes for the quality of school districts or convenience to schools. Rather, they purchased homes for the quality of the neighborhood and for convenience to friends and family. This age group found commuting costs the least important. Overall, Older Boomers were very likely not to make compromises on the home when they purchased (49 percent), citing that they were never moving and it was their forever home (33 percent).

In their home search process, Older Boomers were very likely to contact a real estate agent first and they were the least likely to find the paperwork a difficult step. Older Boomers were the most satisfied with the home buying process at 94 percent.

Older Boomers’ income was below the median income of all buyers ($91,600) at just $83,200 and they purchased homes at a median price of $250,000. Older Boomers were very likely to use the proceeds from the sale of a primary residence as the source of their downpayment (54 percent) and from an IRA account (five percent). They were the largest group of home buyers to have credit card debt at 67 percent.

Older Boomers were the second largest share of home sellers at 22 percent in 2018. The median age for an Older Boomer seller was 68 years. They had the second lowest median income at $81,700. They were the most likely to sell to be closer to friends and family (26 percent) and for retirement (16 percent), and at a median distance of 50 miles from the home they recently purchased. They were also very likely to sell when they wanted to (96 percent). They receive the second highest equity at 43 percent and second highest dollar value at $74,000.

February 2019 Housing Affordability Index

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates were down from last month at 4.60 percent this February, and up 4.1 percent compared to 4.42 percent a year ago.

  • Housing affordability declined from a year ago in February moving the index down 2.8 percent from 161.5 to 156.9. The median sales price for a single family home sold in February in the US was $251,400 up 3.6 percent from a year ago.
  • Nationally, mortgage rates were up 18 basis point from one year ago (one percentage point equals 100 basis points).
  • The payment as a percentage of income was down from last month at 15.9 percent this February and up from 15.5 percent from a year ago. Regionally, the West has the highest payment at 22.3 percent of income. The South had the second highest payment at 15.7 percent followed by the Northeast at 15.3 percent. The Midwest had the lowest payment as a percentage of income at 12.4 percent.

  • Regionally, the Midwest recorded the biggest increase in home prices at 5.5 percent. The Northeast had an increase of 3.9 percent while the West had a gain of 3.5 percent. The South had the smallest gain in price of 2.2 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The Northeast had the biggest drop in affordability of 5.3 percent. The Midwest had a decline of 5.1 percent followed by the South that fell 1.8 percent. The West had the smallest drop of 0.9 percent.
  • On a monthly basis, affordability is up from last month in three of the four regions while the South was flat. The Northeast region had the biggest increase of 3.7 percent. The Midwest had an incline of 2.8 percent. The West had the smallest increase in affordability of 0.4 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 202.2. The least affordable region remained the West where the index was 112.2. For comparison, the index was 159.6 in the South, and 163.4 in the Northeast.

  • Mortgage applications are currently down while credit availability and new home purchase applications increased. There has been an increase in inventory of modestly prices homes. Median family incomes are growing 2.8 percent while home prices increased 3.6 percent. Despite being down from last year, affordability is up from last month in the US and in three of the four regions with the South being flat. Interest rates have dropped two months in a row, which will lower mortgage payments for future homebuyers.

  • What does housing affordability look like in your market? View the full data release here.
  • The Housing Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principal and interest payment to income). See further details on the methodology and assumptions behind the calculation here.

Testimonials Page

Sep 16, 2018 Very knowledgeable agent. Works hard from day one of getting the listing. Professional, punctual and always available to answer any and all questions I had.I highly recommend Russie. User06023026
September 3, 2018 After researching many Real Estate Agents we were pleasantly surprised that Russie Weidl had time to help us find a new home. We were relocating from New York so there were a lot of details to take . swat28mw
September 2, 2018 This was the first time I had utilized Russie but I was not disappointed. Russie was very professional; Very knowledgeable of her market and so easy to work with. I will definitely use her again Steves1001
July 5, 2017 Russie had her work cut out for her on this one, little did she know. We were under contract within 3 weeks of listing, but that fell through due to financing, then had 2 more contracts that fell through. The 4th time was the charm. She worked with us on our strategy throughout the process and was very receptive to our requests. She is very responsive, and we stayed in close contact the whole time, through to closing. We enjoyed working with Russie! Crystal Hanley
June 30, 2017 We encountered a very challenging situation in selling our Mother's home. Russie handled the situation very professionally and the house sold relatively quickly. It was Russie's exceptional experience and know how that made the difference. We feel very comfortable in recommending Russie as a realtor to anyone interested in selling or buying a home. Paul Ingwalson
June 29, 2017 Russie helped me sell my house and buy my new property. It was a long involved deal which required much patience and experience. Russie helped me every step of the way. Including preparing my home for sale and how to handle a difficult seller on the other end of the deal. I highly recommend her. Philip W
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ASP - Accredited Staging ProfessionalGRI - Graduate, REALTOR® InstituteMLS membershipREALTOR® certificationCertified Distressed Property ExpertREOSTop 100Gold Key Certification

Russie Weidl - Agent

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