Low Inventory and High-Interest Rates!

As a Real Estate Broker in Central Florida, I’ve seen firsthand how the lack of affordable homes has become a significant challenge for both buyers and sellers in the area. There are many reasons for this shortage, but one of the main drivers is the combination of high-interest rates and low inventory levels.

I stay updated on local market trends and work to provide my clients with the necessary guidance and support. By understanding their needs, budget, and preferences, I can help them find affordable homes and navigate the current market conditions. Overall, while there may not be an easy solution to the lack of inventory of affordable homes in Central Florida, with the right strategies and support, we can help make homeownership more accessible to everyone.

Buyers

For buyers, the current market conditions can make it challenging to find a home that meets their needs and their budget. Buyers are looking for affordable homes that are move-in ready, but the current inventory of available properties is limited. Additionally, with interest rates on the rise, potential buyers are seeing their purchasing power decrease.

Another solution is for buyers to consider alternative financing options, such as FHA, VA, or USDA loans, which can provide lower interest rates and offer $0 down payment requirements. However, these programs may not be available to everyone, and they come with their own set of guidelines and restrictions.

Sellers

On the other hand, sellers are also feeling the impact of the current market conditions. While they may be able to sell their homes for a higher price due to increased demand, finding a new home to purchase can be difficult. Many sellers are hesitant to put their homes on the market without a solid plan for their next move, leading to even lower inventory levels.

Sellers may also not want to walk away from old loans due to the locked low-interest rates. If a seller purchased their home during a time when interest rates were low, they may have a significantly lower interest rate on their mortgage than the current market rate.

This means they are paying less in interest on their loan each month, which can make their monthly mortgage payments more affordable. By walking away from their old loan, sellers may risk losing these advantageous interest rates and could end up with a higher mortgage payment on a smaller loan.

Builders

One way to combat the lack of affordable inventory is for builders to construct more homes in the area. However, the high cost of land, labor, and materials, along with strict zoning laws, can make it difficult for builders to construct affordable homes. Additionally, many builders focus on luxury homes, leaving a gap in the market for affordable housing.

The low inventory of affordable housing in Central Florida has become a significant challenge for both buyers and sellers in the area. With a rapidly growing population and an influx of people moving to the region, the demand for housing has increased, leading to higher home prices and limited inventory.

Interest Rates

One of the main drivers of the low inventory of affordable housing is the combination of rising interest rates and limited inventory levels. At the same time, the limited inventory of affordable homes means that buyers have fewer options to choose from, leading to increased competition and higher prices.

The lack of affordable housing is also impacting the rental market in Central Florida. As home prices continue to rise, many potential homebuyers are choosing to rent instead. However, the demand for rental properties has also increased, leading to higher rents and limited availability.

Real Estate Agents

Real estate agents can also play a crucial role in helping buyers and sellers navigate the current market conditions. By understanding the local market trends and staying up to date on changes in interest rates and inventory levels, agents can provide valuable insight and guidance to their clients. We can help buyers find affordable homes that meet their needs and budget, and we can assist sellers in pricing their homes appropriately to attract potential buyers.

In addition to working with real estate agents, buyers, and sellers can also take steps to make their transactions more attractive to each other. For example, buyers may want to consider making a larger down payment or offering to close quickly to make their offer more appealing to sellers. Conversely, sellers may want to consider making repairs or upgrades to their homes to make them more desirable to potential buyers.

Overall, the lack of affordable inventory in Central Florida is a challenging issue that requires a multi-faceted approach to address.

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Orlando Realty’s “Easy Exit” listing agreement.

When somebody lists their house with a real estate agent, they always worry that the agent won’t perform as promised and they will be stuck with them until the listing agreement has expired costing your home valuable time and exposure on the market.

Most real estate agents require you to sign listing agreements that have a cancellation fee of several hundred dollars when the homeowner wants to terminate the contract with the agent they hired to represent them.

It’s for this reason that I use an “Easy Exit” listing agreement. This takes the risk out of listing your house and having to worry about us not performing.

When you list your home through our INSTANT AMNESTY Listing Agreement, there’s no risk to the homeowner. We are so confident that you’ll be happy with the results that we get you that you can cancel your listing with us at any time and NO CHARGE! There is NO cancellation fee in our listing agreement.

• You can cancel your listing anytime.

• You can relax, knowing you won’t be locked into a lengthy contract.   

• Enjoy the caliber of service confident enough to make this offer.
   In my 8+ years as an Orlando realtor, the few times that someone has wanted to cancel a listing agreement with me was because they decided to keep the house instead of selling, it has never been for non-performance. When it comes to real estate, my skills and work ethic are among the best in Orlando and I have the track record to prove it. My confidence comes from thousands of successful real estate transactions and thousands of happy clients. The fact that most of our business comes from referrals from past clients says it all.

Whether it’s a traditional listing or an Orlando short sale, I get the job done no matter what.

Tired of your realtor not performing and wasting valuable time on the market? Give us a try, you have absolutely nothing to lose. Visit us at https://orlandorealtyconsultants.com/ or call us at 407-902-7750 so that we can discuss your best options. Jenny Zamora Lic. RE Broker

Orlando Vacation Homes

 

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Why Use A Short Sale Specialist?

Most Realtors in Orlando won’t touch a short sale file while others… even though they’ve never done a short sale… refuse to ask for help which can seriously hurt a homeowner’s chances at selling their home via short sale.

As the leading short sale experts in Orlando, we take on all short sale listings, even the ones that other agents want no part of. You see, it is one thing to process a short sale with just one lender but when you have to deal with multiple lenders and or liens attached it becomes a whole other ball game.

A short sale specialist should know everything there is to know about the process and everything else that goes into facilitating the entire transaction. The agent should be aware of everything from foreclosure postponement, lender guidelines, and the latest state short sale regulations. There’s no situation that should arise that’s is beyond your short sale agent’s comprehension.

Cash Back To Seller Programs

Even though your lender is accepting a loss on what’s owed to them, many times we’re able to get our short sale clients anywhere from $3,000 to $30,000 back at the closing for relocation costs. A short sale agent should be up-to-date on all the various cashback to seller programs offered by different lenders. If they aren’t aware of this it could cost the homeowner thousands of dollars when they need it the most.

How Does A Short Sale Agent Get Compensated?

In a typical short sale transaction, the lender pays the real estate commission from the sale price. Some agents will try to put a short sale processing fee on the CD [Closing Disclosure formerly as the HUD-1] but it must be approved by the lender. You should never, ever pay a real estate agent prior to doing your short sale. Only attorneys are legally allowed to charge an upfront fee to complete your short sale.

If you’re in a situation where you need to do a short sale on your home, be sure to hire a proven expert in order to give yourself the best chance at making the sale happen. For a free consultation with one of our Orlando short sale experts visit https://orlandorealtyconsultants.com or call 407-902-7750.

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Orlando Realty Website Tutorial

Watch this video and see just how easy it is to use our most popular tools such as the “home value estimator” and the “Find Florida Properties” search feature

Orlando Realty Website Tutorial

Orlando Realty Consultants is a full-service Real Estate brokerage located in Orlando, Florida.

We provide Professional Real Estate solutions for both home buyers and sellers. Our diverse team of Orlando real estate experts has experience in all aspects of Real Estate. We will work with you to make your home purchases and sales process as simple as possible while providing you with the most up-to-date information on your transaction process as it develops.


Trusted Buy Your Neighbors Since 2005

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Big Improvements to Orlando Realty Consultants’ Website

Mobile devices are changing the way people do business today and this is especially true for Orlando Realty consumers. Analytical research clearly shows that the majority of online home searches are now done from smartphones and tablets instead of home computers and laptops.

http://OrlandoRealtyConsultants.com, our company’s main website has recently been upgraded with a responsive theme and highly advanced IDX home search technology in order to enhance the performance and new capabilities of the site.

These exciting new changes have also greatly increased the speed and functionality of the site for all mobile devices like smartphones and tablets. Now, it’s just as easy to navigate the site from mobile devices as it is from traditional laptops and desktop computers.

Now, more than ever people are using smartphones and tablets instead of their home computers for their real estate needs, and these improvements are dedicated to them. We live our lives on the move these days and mobile devices are the future. It’s our job to keep up with the changing times.

The new site is equipped with the latest state-of-the-art IDX search software allowing users to search Florida homes for sale on the MLS just like a pro from the comfort of their own home. Our goal as Orlando realtors is to provide our clients with a pleasurable user experience from any device.

The new website even offers users an option to sign up for new home listing alerts as well as current market condition reports. These days it’s extremely important that real estate agents are familiar with the latest technology related to the real estate business. Orlando real estate agents have to be tech-savvy or their clients will suffer for it.

Our team of high-energy real estate professionals prides themselves on providing professional real estate services with a personal touch. This is why we provide them with the most advanced and up-to-date real estate tools available today.

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