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Orlando Realtor – Seller Series part 3

Posted on by Jenny Zamora

This is the latest edition in our 6 part “home seller series” designed to help Orlando homeowners sell their homes for top dollar in the least amount of time.  This week’s focus will be on pricing the home correctly from the start.

Research from our own listings clearly shows that homes that are priced correctly from the start, spend about half the time on the market when compared to homes that were priced too high and had to adjust.

One of the most critical steps in selling a home is determining what price it should be listed for. Your Orlando listing agent should prepare a comparable market analysis [CMA] on the property. A CMA is an in-depth report about the subject property and comparable properties that were recently sold in the surrounding area as well as properties that are currently listed and under contract. This report is designed to educate the homeowner and help them to come up with the right listing price for the property.

We’ve found that an Orlando home that is accurately priced and in decent condition will usually have at least one offer on it within the first few days.

 Beware of “Yes Man” Agents

Unfortunately, Some real estate agehttps://www.floridarealtors.org/consumersnts resort to using shady tactics in order to get a listing. One of these tactics is to list the property for an unrealistically high amount in order to make the homeowner believe that they will actually sell the home for “over market value”.

Even though the agent knows that the home doesn’t have a snowball’s chance in hell at selling for that price, they list it anyway and after a few weeks of no activity, they suggest to the homeowner to lower the price.

Unfortunately, it’s the homeowner who suffers the consequences by losing valuable time on the market with no activity. Even worse, homes that continually get lowered in price on the MLS usually end up being sold for below market value and take several months longer to sell.

Easy Exit Listing Agreement

Homeowners can easily protect themselves by hiring an Orlando realtor that uses an “Easy Exit Listing Agreement”. This listing agreement contains a clause that allows the homeowner to cancel the listing at any time without paying any cancellation fee or penalty.

When interviewing your listing agent, ask about their listing cancellation policy. If they want to charge you a cancellation fee, then chances are they may not be confident enough in their skills to get the job done. An easy exit clause will keep the agent motivated to get that house sold quickly for the highest amount the market will allow.

Need free real estate advice now? Visit our site https://orlandorealtyconsultants.com/ for immediate assistance.

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Orlando Homeowners Embracing The “Green Home”

Posted on by Jenny Zamora

With all the rage about “Going Green” lately, more and more Orlando home buyers are inquiring about green features when considering properties.

There is soo many advantages to making your home a “Green Home” and homeowners are steadily waking up and joining the going green revolution regardless of whether they’re of selling or staying put.

It just makes sense. Going green increases the value of a property by making it more attractive to environmentally conscious buyers as well as lowering your monthly energy bill.

 By making a few simple changes like using energy-saving light bulbs and appliances, using a tankless water heater system, and tinting your windows, homeowners can add legitimate value to their homes.
 Here’s a quick list of things that you can do to make sure that your home is as green as can be for the echo-friendly buyer.

Simple Green Updates That Don’t Cost A lot Of Green 

Update The Lighting. By using LED and CFL low energy bulbs you can save as much as $6.00 per year on a single light bulb! That may not sound like a lot but I bet if you count every light bulb in your house and multiply that number by 6 I bet you’ll feel differently. Also, the amount of energy being used is about 75% less than with traditional bulbs.

Install A Tankless Water Heater. Traditional water heaters store a lot of water and as a result, they have to consistently heat and reheat all the water in the tank whether it gets used or not. Tankless water heaters don’t store water and because of that, they use about 50% less energy than a traditional water heater. Also, with these water heaters, you will never run out of hot water again. The water gets heated instantly by the coils contained within the unit only when you need it.

Update The Appliances. By using “Energy Star” appliances you can save some serious green over the course of a year. Sure they cost more than traditional appliances but soon they will pay for themselves because they use anywhere from 20% to 50% less than traditional appliances. Make sure to let potential buyers know how much you’re saving on the electric bill because of the appliances.

Update The Bathrooms With Low-Flow Fixtures. By using low-flow showerheads and toilets, you can reduce household water consumption by up to 50% without sacrificing water pressure. Again, there is more of an upfront cost by switching to these fixtures but well worth it in the long run.

Install Energy Trackers. You can keep track of how much energy each appliance in your house uses or for around three hundred dollars you can have a device that will monitor the energy usage of your entire home that provides you with real-time feedback on how much energy you are using and how much you’re wasting.

There are a gazillion models to choose from these days and with the new technology, they’re even syncing them with smartphones and Ipads.

Whether you’re selling your home or planning on staying for a while, turning your home into a “Green Home” just makes sense. If you want to sell, then your home will have an added value that most other homes on the market won’t be able to compete with.

On the other hand, if this is your dream home where you plan on spending your golden years, then you can start saving big money as well as help save the planet. It’s a win-win no matter how you look at it.

 

 

 

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How Will A Short Sale Affect Your Credit?

Posted on by Jenny Zamora
short sale realtor orlando

How Will A Short Sale affect Your Credit?

Over the years I’ve gotten this question more time than I can remember. “How will a short sale will affect my credit?”

A short sale can have a lot less of an effect on your credit score than a foreclosure. But, it must be done correctly.

Short sales can happen if a lender agrees to accept less than the amount owed against the home because there is not enough equity in it to pay all costs of the sale.

It’s important to note that not all lenders will agree to a short sale.

If your request is approved, your agent should ask your lender to report the short sale as “paid in full,” as part of the negotiation.

There have been reports that a short sale has about the same impact on your credit score as a foreclosure. However, from experience with our own clients, that’s never been the case.

Most of the time, sellers that have completed a short sale report that their credit score only dropped by 100 points or so, which can be easily fixed by any decent credit repair company.

The biggest advantage of a short sale, as opposed to a foreclosure, is that you will be able to qualify to buy another home within two years as opposed to five to seven years after a foreclosure.

I hope this video was helpful, If you still have questions, feel free to contact us at 407-902-7750 or visit us at https://orlandorealtyconsultants.com/short-sales/

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How To Choose The Right Realtor- VIDEO

Posted on by Jenny Zamora

When searching for the right Orlando real estate agent to meet your needs, keep these important things in mind.

Real estate agents in the state of Florida go through endless hours of special training to ensure they know all the real estate laws in their state. Going it alone without the representation of an experienced realtor is dangerous and can cause you to slip up and lose a deal or even worse, end up in legal hot water.

Traditional real estate marketing through the MLS and other network channels is effective so make sure that your Orlando Realtor is active every day maximizing exposure to their properties.

The Realtor that you choose should also have a strong online presence through their own websites and social media profiles.

How To Choose The Right Realtor

The following are three vital tips to help you find the right real estate agent for you.

 

1- The right Realtor may have information on financing that may allow you to progress through the process more effectively and avoid the challenges you may normally encounter.

 2- See if they have online capabilities like virtual tours and walk-throughs which will do wonders when showcasing the property and making it available to the largest amount of potential buyers possible.

3- Always ask if they have online testimonials are positive reviews they could direct you. Having the right real estate agent in your corner can save you time and money so make your choice wisely.

 


 

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Orlando Realtor- Seller Series part 2

Posted on by Jenny Zamora

Hiring The Right Orlando Realtor 

Selling a home can be a daunting task to take on yourself. There are many moving parts involved in selling a property  like marketing, showings, open houses, contract negotiations, and complicated paperwork to fill out. You can make things a lot easier on yourself be hiring an experienced listing agent.

A top listing agent will have a foolproof and proven formula for marketing properties to the right people. This formula ensures that their client’s home fetches the highest possible in the least amount of time.

An experienced realtor should be equipped to handle any type of real estate transaction no matter what price, condition or situation. Realtors at our brokerage for instance, each have an area of expertise consisting of listing specialists, buyer agents, short sale specialists, marketing experts and transaction coordinators. Each one is an expert in their niche.

After a CMA [comparable market analysis] is completed on the property to determine an accurate listing price, the listing specialist will meet with the homeowner to discuss any issues that need to be addressed prior to showing the property such as minor repairs, landscaping, light staging, etc in order to improve curb appeal as well as make the inside look the best that it can.

The property should then be advertised in many different ways including the MLS, through the agent’s blog or website, a video showcasing the property, open houses, direct mail as well as through local publications.

Negotiating the price should be handled by the listing specialist to make sure that the homeowner gets the best price possible for their home that the market will allow. The homeowner will be informed of everything that happens every step of the way. The listing specialist’s job is to represent their client through the whole process of selling their home to ensure that the seller has the most pleasurable experience possible.

Are you thinking of selling your Orlando Home? Contact Jenny Zamora Listing Specialist and Broker for the ORC team to set up a free consultation.

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