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Welcome to Karen Donohoe'sCelebration, Lake Nona, Orlando and WindermereReal Estate Website

Step into our town of Celebration

Celebration is a quaint town right outside of Orlando. It is a planned community originally a division of the Walt Disney Company Celebration has become as magical as the theme parks themselves. World drive connects Celebration directly to the Walt Disney World parks and resorts. The first residents of Celebration began moving in the summer of 1996. The population today has reached over 10,000. The homes and downtown area in celebration follow a southern American village theme from the 1930's. Celebration utilizes the principles of traditional historic designs and capture the community spirit of Old Florida. Traditional neighborhood design is reminiscent of the street and community plans for small towns that were built before the middle of the last century, emanating historic housing patterns predating World War II. This type of planning brings together a variety of types of homes and businesses in a walkable community. The downtown area consists of many shops and restaurants. If you are looking to take a visit to our town, Celebration also has the beautiful Celebration Hotel located right in the heart of downtown Celebration.

 

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- Karen Donohoe




Real Estate Tips
First Time Buyers >The Seller May Pay

The costs of buying a home may be daunting. For example, you may have finally saved enough for a down payment on your first home, with a little left over to buy the furniture you will need. Then you hear about having to pay closing costs you weren't anticipating, and this may seem like a real setback.

One way to cover such a shortage is to make the sellers an offer that calls for them to credit you for some of the closing costs. As a rule, the sellers may pay a maximum of 3 percent of the sales price if the buyer is putting five percent down. If the buyer is making a down payment of 10 percent or more, the seller can contribute up to 6 percent of the sales price to cover the buyer's closing costs. Some items, such as prepaid taxes and the first month's mortgage payment, must be paid by the buyers. Sellers may also contribute to paying the appraisal, points, title insurance, settlement attorney fees, state or local transfer taxes and similar items.

Keep in mind that if the credit is included in the price of the house, the appraiser will have to justify the amount, based on sales prices of similar homes in the neighborhood.

See All Tips In The "First Time Buyers" Category >
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Real Estate Trivia
Q 
Who is "Fannie Mae" and why is she a big name in real estate?

A 
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
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Karen Donohoe, REALTOR®, real estate agent and broker for Celebration, Lake Nona, Orlando and Windermere, Florida home listings, property and land for sale - NUMBER1EXPERT

Karen Donohoe
Century 21 Real Estate Professionals

720 Celebration Ave. Suite 100
Celebration FL 34747
Karen Donohoe: 407-748-4861
Fax: 407 566-8511
karen.donohoe@gmail.com

Karen Donohoe, Realtor

Equal Housing ERC MLS REALTOR wcr


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