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The Time To Sell Your Orlando Home Is Now!

Posted on by Jenny Zamora

If you’ve been wanting to sell your Orlando home but keep putting it off, you may want to stop procrastinating. according to the NAR National Association of Realtors, the housing inventory in the Orlando real estate market is way below average when compared to December of 2013.

When the supply of homes on the market is this low, it puts the seller in a great position for negotiating. Right now, homes that are priced accurately and nicely staged don’t last very long in today’s market. The truth is that if want to make an offer on an Orlando property, you should act fast.

Lately, we’ve been getting multiple full as well as above asking price offers on properties in as little as 24 hours after listing them on the MLS. It’s painfully obvious that right now sellers are in the driver’s seat and have very little competition due to the lack of inventory in the Orlando real estate market. However, with inventory slowly but surely rising, homeowners should act now in order to enjoy the reduced amount of competition that they will have while their home is on the market.

Low mortgage rates are also a big contributing factor to the current real estate market favoring sellers. Interest rates are still low and there are many incentives for those who want to buy now.

Sellers Who Wait Run The Risk Of Losing Thousands

As the old saying goes, all good things must come to an end. This also holds true when talking about real estate. I remember back in 2007 when the real estate market crashed Nation in what seemed to be from one day to the next. Homeowners and especially investors that were holding on to Orlando real estate thinking they would eventually sell for a huge payday were suddenly scrambling to sell. Then when the banks stopped lending, it all came crashing down.

It wasn’t long before home values in nice Orlando neighborhoods were cut in half and in some cases even less. I don’t believe that we’ll see another market crash as we saw in 2007 anytime soon but I do think that this seller’s market we are currently experiencing will eventually cycle back around to being a buyer’s market. 

Orlando homeowners should keep this in mind if they’re on the fence about selling. Sure it’s possible to eke out a few more thousand if you wait a little longer but it’s also possible that you’ll end up selling your home for much less than you expected by waiting too long.

Find out how much your Orlando Home is Worth

 

 

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Free Orlando Home Value Tool

Posted on by Jenny Zamora

The Orlando Realty Consultants team is now offering a free Orlando home value tool for homeowners that are considering selling their homes. This tool determines your property’s value by factoring in various details about the home including the current condition of the home, the square footage, upgrades, etc. All you have to do is fill in the fields on the home value estimator and within 24 hrs you’ll receive a free report prepared by a top Orlando realtor of what your home is worth in today’s real estate market.

This tool is a great way for both experienced homeowners as well as those people that just want to test the waters and aren’t really looking to sell. With new construction once again on the rise in certain neighborhoods, it’s the perfect time to find out what your house is worthwhile Orlando is still in such high demand.

Selling a home can be a very complex process and there are several factors that can affect your home’s value. For anyone in the Orlando area, our free home valuation tool is a convenient and very effective way for potential sellers to find out the true value of their home. These tools will also tell you what adjustments can be made by the potential seller to increase the home’s selling power.

Home Value Reports Prepared By Top Orlando Realtors

values

The biggest thing that sets our home valuation tool apart from other home valuation tools in the industry is that the report you receive from us is created by highly experienced Orlando listing specialists that work for us as opposed to receiving a generic report as you would get from Zillow and other similar companies.

The information that you submit goes directly to one of our Orlando listing specialists for completion. The agent then takes all of the info that was submitted and researches comparable properties in that same area. That’s why it’s important to submit as many details about the home as possible. Once the report is complete, it gets sent to the homeowner with absolutely no charge or obligation.

We also realize that some homeowners just aren’t ready to speak to a realtor which is why the agent will not contact the potential seller unless the seller requests to be contacted. Find out what your Orlando home is worth.

 

 

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ORC Closes Another Orlando Short Sale

Posted on by Jenny Zamora

  ORC closes another Orlando short sale. Jenny Zamora, Listing Specialist/short sale expert known for getting her listings sold in record time for top dollar has beaten the odds once again. Now…  I don’t write about every short sale listing our company closes [or I wouldn’t have time to write about other stuff] but I felt that this one is worth sharing.

This Orlando home was originally listed by an investment group that claimed to be short sale experts and promised to get the job done fast and efficient, and of course… free of charge. In reality, they were actually wholesale flippers that ended up dragging the homeowner into deep water.

The strategy of a whole sale flipper is to submit a low offer to the bank on a distressed home in hopes that the bank will accept the offer so that they can flip the deal to another buyer without having to close on it themselves. If it works, the flippers make a few thousand bucks the seller gets rid of their problem and everyone’s happy.

However, if the bank rejects the offer the homeowner is then left holding the ball. Once the wholesale flipper realizes that they can’t make money on the deal, they will typically move on to the next potential seller [or victim] at this point leaving the homeowner in a bad situation to fend for themselves.

Getting back to our story…The lender set a foreclosure date just 30 days away and the investment group bailed on her when they couldn’t get the short sale approved. After reading our online reviews, the homeowner came to us thinking that all hope was lost and her home would surely be foreclosed on.

After consulting with distressed homeowner, we accepted the file and Jenny Zamora went to work immediately on the short sale. By using all our marketing tools as well as blasting the property details to our network of active home buyers from around the world, she quickly got the word out and managed to get serious investor interested in the property for a price that lender was happy with.

By getting all necessary documentation to the lender quickly in an organized and efficient manner, they stopped the foreclosure process allowing ample time for the new buyer to close on the property. As a result, the lender issued a new short sale approval letter that gave the buyer 30 days to close on the property even though the buyer only needed 10 days to close. 

If you’re in need of completing a short sale on your Orlando home, please, please, please beware of so-called “short sale expert investors” that promise to save you from foreclosure. Be sure to research anyone you plan on working with extensively. Many of these companies are only out for their own financial gain at the expense of the homeowner. 

It’s important to know that unlicensed investors aren’t bound by a code of ethics nor are they subject to follow the same laws that licensed realtors are. An Orlando realtor is sworn to put the best interest of the homeowner first and if they don’t, they can be prosecuted and potentially lose their license.

 

Orlando short sale expert

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Top Orlando Realtor Testimonial VIDEO

Posted on by Jenny Zamora

Top Orlando Realtor Testimonial VIDEO

This is the story of David Millerton. This was a special listing client because he lived in New York with his family and had no plans of coming to Florida in order to get his Orlando vacation home sold. Lucky for David that we deal with many absentee homeowners that would prefer to complete the entire process by mail.

 

We were able to help David and his family get their Orlando vacation home sold for top dollar in a very short time. The funny thing is that we’ve never even met David in person to this day.

Sometimes people need to sell their homes but they live in another state and have no time to deal with the process. At Orlando Realty Consultants, this isn’t a problem. We can do everything for you through the mail.

After an initial phone consultation with our Orlando Listing Specialist, we’ll make a plan that meets your busy schedule. From the signing of the listing agreement, all the way through to the closing of the transaction everything is done by mail.

By doing this we’ve been able to save our out-of-state listing clients thousands of dollars in airfare, rental cars, and hotel stays. Don’t take our word for it, watch the video!

Video Transcript

“I used Jenny Zamora to sell my vacation home in Orlando while Living in New York. She listed my house and we started getting offers in the first week.

The buyer was able to close in just 4 weeks. Jenny and her team at Orlando Realty Consultants made everything easy and saved us thousands in airfare by allowing us to close via Fed Ex.

I highly recommend this company if you need to sell a home in Orlando Great job Guys!”

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The Closing Process

Posted on by Jenny Zamora

Once there is a solid offer on a property, it’s time to begin the closing process. The closing process can be explained best by breaking it down into steps.

The first step is the signing of the contract by both the buyers and sellers. This is done after both parties have agreed to all the terms of the sale including price, repairs, contingencies etc.

When both parties sign the contract, it’s then referred to as an executed contract. The next step is for the buyer to deposit a pre-determined amount of money [earnest money deposit] into an escrow account. The earnest money deposit shows that the buyer is fully committed to the transaction.

The executed contract is then sent immediately to the buyer’s lender as well as the title company so that each party can get to work on closing the transaction. Usually, there is a period of time specified in the contract [inspection period] which is used for the buyer to complete any necessary inspections of the home. This time also allows the seller to make any necessary repairs that were previously agreed upon by both the buyers and sellers.

It is the realtor’s job to work together with the title company to collect all the necessary documentation. The title company then prepares a document known as a HUD-1 settlement statement. The HUD-1 is an extremely important document because it outlines all the charges associated with the sale of the home from both sides of the transaction including property taxes, commissions, outstanding HOA fees, etc.

Most importantly for the seller, it will give them a clear indication of what they will net after the sale transpires. An experienced Orlando realtor has the ability to read through the HUD -1 and quickly determine if anything is wrong and if all figures have been calculated correctly. The final step is for both parties to sign all necessary paperwork to make it official.

If you’re considering selling your home, don’t try to do it without help. Trying to buy or sell a home without the help of an experienced real estate agent could end up costing you thousands of dollars and a bunch of headaches. Contact one of our listing specialists to set up a free consultation.

 

 

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