7 Tips For Moving In The Summer

Summer is by far the busiest season for buying and selling Orlando real estate. With school being out, real estate agents in Orlando get extremely busy with both buyers and sellers wanting to make the move before the beginning of the school year which leaves them with a pretty small window to get the job done.

Preparing For The Big Move

These are 7 things you should to make moving as painless as possible.

1- Decide whether you should do it yourself or hire a company. If you’re like me you will hire a company to do the heavy lifting. Saving a few hundred bucks by doing it yourself just isn’t worth risking a lower back or some other injury because you lifted a heavy piece of furniture the wrong way.

You can still save money by packing and moving the smaller items yourself and leaving the heavy stuff for the movers. Get a few quotes from local companies and research their reputation before deciding on one.

2- Be as organized as possible when packing, this will make unpacking a lot easier and less stressful. Pack similar items together and if you already know how you want to decorate your new house, you may want to separate your items by assigning and labeling the boxes according to the rooms they will end up in.

3- Plan ahead when possible. If you have a few weeks to move, start your packing early. By chipping away at it little by little not only will you be ahead of the game but it’s a lot less stressful this way. This will also give you plenty of time to decide what to donate, throw away or sell. The more stuff you get rid of the less you’ll have to move.

4- Get the family involved. If your kids are old enough to help, put them to work. You can start by having them pack their own stuff and label the boxes. However, if your kids are too young to be involved then it’s probably a good idea to arrange for a babysitter on moving day. Having little kids running around when large pieces of furniture are being moved is never a good idea and can be very distracting.

5- Make arrangements for your pets. Moving can be stressful for pets because all they see is a bunch of people walking in and out and taking everything. They don’t understand what’s happening which can be a traumatizing experience for them. Have them stay at a friend’s house or the kennel for the day.

6- Label and keep track of small parts. Some larger pieces may need to be broken down which means you’ll have a bunch of screws washers and nuts. By labeling them and putting them in small baggies, you’ll avoid losing them in the shuffle. It’s also a good idea to take pictures of certain items so you know how they go back together again.

7- Photograph electronic components. Hooking up entertainment systems, DVR’s and televisions can be frustrating and confusing if you don’t remember how to hook everything back up. Before you unplug anything, take pictures of all the connections and label them with masking tape. This will eliminate a lot of headaches when it’s time to put everything back together at the new house.

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Orlando Real Estate, 7 Things Buyers Should Know To Get The Best Deal

The Orlando Real Estate market appears to be shifting slightly once again and now potential home buyers find themselves in an advantageous position. The days of multiple offers above listing price being thrown at sellers as soon as it hits the MLS are pretty much gone.

The competition among Orlando real estate investors is dwindling in many parts of Orlando and throughout Central Florida. Buyers looking for a home to live in are in a better position to find what they’re looking for at the price that they need it to be.  No one knows for sure what’s going to happen but this pause in the Orlando real estate market could be just the break that buyers were hoping for.

The Top 7 Things Orlando Home Buyers Should Know To Negotiate The Best Deal.

1- Human Nature. It’s hard to fight human nature and when there’s a change in the Orlando real estate market, both buyers and sellers think that they have an advantage. The seller will always feel that their home is superior to other homes and completely immune to what the local market is doing.  On the other hand potential buyers believe that every seller is about to go into foreclosure and start making absurd lowball offers.

 The educated buyer does the proper research and knows exactly what size home they need and how much they can realistically afford. Once they know their numbers, they enlist the help of an experienced Orlando real estate agent to find a home that meets their criteria and submit an offer that’s fair to both buyer and seller.

2-Know Your Comparables. By educating yourself on recent sales in the neighborhood, you’ll be one step ahead of the game and no one will be able to pull the wool over your eyes.

If you insult the seller with a lowball offer, you run the risk of them no longer wanting to deal with you even if you’re willing to come up on your offer. You want the seller to at least look at your offer so that you can start negotiating.

3-Seller Motivation. Your Orlando real estate agent should be able to find out why the seller is selling. There are different degrees of motivation, for example; A seller needing to start a new job in a different city or state will be much more motivated to sell than someone that will only sell if they can get their full asking price. The more you know about the seller’s motivation to move, the better position you will be in to negotiate.

You should also find out how much the seller owes. With the help of your Orlando realtor, this shouldn’t be hard to find out. The MLS will sometimes provide these figures and if not, they can get these numbers from the Orange County Appraiser website.

4-Wait It Out. Usually, after a house has been sitting on the market for a few months and an endless conga line of people have been invading their privacy and dirtying their floors, they’re at a point where they’re anxious and ready to drop the price. However, you do run the risk of somebody beating you to the punch.

5-Adjust Your Criteria. Consider going after homes that need a bit of upgrading but are livable. You could get a better deal by doing this and just do the upgrades little by little after you’ve moved in. Unless you’re a handyman or contractor, don’t get a house that needs major work or you could be setting yourself up for a major headache [and wallet ache].

6-Negotiate Closing Costs. It doesn’t hurt to try and negotiate the closing costs with the seller. For example, you could ask the seller to add the closing costs to the purchase price. It’s much better for the buyer to put twenty percent down and then add the closing costs to the loan amount than to put fifteen percent down and pay the cost upfront. You can also try to get the seller to pay the first year of homeowner association dues as part of the deal.

7-Keep Site Of The Big Picture. If it comes down to a two or three-thousand-dollar price difference from what you wanted to pay, don’t sweat it! Remember that this is a home that you will occupy with your family for years to come and if the only thing that’s keeping you from it is 2 grand, then go for it!

If you end up losing your dream home because you wanted to be the better negotiator, then you could end up regretting it for years to come.

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Short Sale Tax Relief Law Extended!

As I explained in a post I wrote back in November “Will They Extend the Mortgage Forgiveness Debt Relief Act?” There were thousands of distressed homeowners that weren’t sure if they would receive “short sale tax relief ” or if they would be forced to pay income tax on phantom income when they sold their home via short sale. For most people that are in this situation, this would have been financially devastating.

When the Mortgage Forgiveness Act of 2007 was put in place because of the nationwide real estate collapse, for three years it guaranteed people that they could short sale their homes and move on with their lives without having to worry about having to pay income tax on the difference between the full payoff and the short pay off. Then after 2010, they kept on extending it for one more year.

For some reason, however, in 2014 congress took its own sweet time and nobody was sure if it would be extended yet again. Many distressed homeowners chose to just let their homes be foreclosed on in fear of the possible income tax implications. Other underwater homeowners rolled the dice and did a short sale anyway and prayed that the government would eventually do the right thing.

The people that took that chance and did a short sale anyway, lucked out big time because in December congress finally decided to extend law and on December 19 the president signed off on it making it official.

Short Sales In 2015

Of course, the question for the next year will be…Will They Extend it for 2016? Again the answer will be the same as it was last year. We’ll just have to wait and see. Unfortunately, not knowing if it will be extended again is not only bad for underwater homeowners that desperately need a short sale but for the Orlando real estate market in general.

 

 

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TOR 001: Welcome To The Top Orlando Realtors Podcast!

Top Orlando Realtors podcast Introductory episode

In this episode, you will learn

  •   About Orlando Realty Consultants
  •   About The Show
  •   How to Get Your Questions Answered On The Show

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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.


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