April 2012

Owner of the Orlando Magic, local billionaire Rich Devos is putting his mega-mansion and Lantana, Florida estate up for sale. Since gaining his majority ownership stake in 1991 (worth $85 million at the time), he's now ready to move on to a new home. Could he be moving on up to bigger and better? Or is the Forbes top 400 member down sizing from this 22,000+ square foot manor?

The detail that is clear however is that this excellent home will be going for the big bucks at easily over $20 millino on the open market, but it will certainly take some time at that large of an asking price. He does however have inventory on his side.

This excellent home will leave its new owner wanting very little else. It features vaulted ceilings, state of the art design…

Today's real estate market is flooded with foreclosed properties, and information suggests that there may be many more foreclosures to come in the next few months. So, for many buyers, foreclosed properties represent a way to get a really good deal on a new home.

Foreclosures can offer great value to home buyers, but they can come with hassles, delays and hidden costs. It's really important to work with a real estate professional whenever you're considering the purchase of a foreclosure.

There are three primary ways to purchase foreclosures. Here's a brief overview of how each works.

1. Presale- During a presale, you negotiate with the homeowners who are facing foreclosure. In some cases, the bank may have agreed to a short sale, which…

If you look at real estate statistics from any given local market, you will see that there are quite a few homes out there that sell relatively quickly – or at least under the "average days on market" figure for the area.

If you're putting your home on the market, it's important that you understand what sets these homes apart, so that you can make…