Category: News and Information

Orlando Realtors To Offer Major Rebates!

Posted on by Jenny Zamora

Orlando Realtors Offer Major Rebates To Public Servants

As of August 26, 2014, our brokerage, Orlando Realty Consultants [ORC] now offers rebates to public servants that use our services.

Jenny Zamora, LIC RE Broker at ORC has decided to offer a rebate on home inspections to veterans, active military, first responders, and teachers when they use her company to sell or buy a home in Orlando. Clients will receive up to $100 back at the closing of the transaction.

When the Orlando RE broker was asked to comment on her current promotion she said “It’s the least we could do to help out these local heroes that teach our children and protect our country. If anyone deserves a rebate, it’s them”.

Major Improvements To The Orlando Realty Consultants Website

Orlando Realty Consultants.com the company’s main website has recently been upgraded with a responsive theme to enhance the performance as well as the capabilities of the site. These changes have enhanced the speed and function of the site for all mobile devices like smartphones and tablets. Now, it’s just as easy to navigate the site from any mobile device as it is from a traditional laptop or desktop computer.
“More people than ever are using smartphones instead of their home computer to search the internet and these improvements are dedicated to them”

The new site is also 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. Zamora says, “The goal is to provide our clients with a convenient and pleasurable experience from any device”.

The new website also offers users an option to sign up for new home listing alerts as well as current market condition reports.

Zamora goes on to explain how important it is to be familiar with the latest technology related to the real estate business. She went on to say “These days, real estate agents have to be tech-savvy or they will get left behind and their clients will suffer for it”.

ORC specializes in selling Orlando real estate for top dollar in the least amount of time… Any price, condition, or situation.

Even if you’re in foreclosure, our Orlando short sale experts guarantee results. Any price, condition, or situation. Over the years our company has closed thousands of successful real estate transactions in Central Florida.

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Negotiating Price On Orlando Investment Homes

Posted on by Jenny Zamora

Buying Orlando Investment homes with the intention of fixing them up and selling them for profit can be a very lucrative business but you have to know when to buy and when to walk away.

In addition to being an Orlando Realtor, I’m also a re-habber. As a matter of fact, I was rehabbing houses for 10 years before I ever became a real estate agent. In that time I’ve learned quite a lot about flipping houses both what to do and what not to do. 

The tough part is getting the homeowner to sell you the property for the right price based on the repairs you have to make and still have enough room to make a profit.  Following are some tips on buying investment homes at the right price.

Comparative Market Analysis- Whether you’re dealing with a lender or an individual there’s usually some negotiating involved before both buyer and seller come to terms. I use every tool available to me in order to convince the seller why I’m offering what I’m offering. In addition to preparing a CMA [comparative market analysis]

Contractors Estimate- It’s one thing to spew out numbers to a seller of what you think you’ll spend on repairs to the property, but putting it in writing carries a lot more weight. Bringing a professional contractor’s estimate to the negotiating table not only shows that you’re serious, but it also shows that you’re an authority on re-habbing homes. When people consider you to be an authority on something, they tend to be more inclined to believe you.

Create Rapport- People like to do business with people that are likable. I’ve had situations where I ended up getting a deal not because I was the highest bidder, but because I created rapport with the seller. Sometimes the reason people need to sell their homes is because of financial or personal hardship. And many times these people just want to tell their story to someone that is willing to listen and sympathize with them.

The “all business” type of investor that storms through the house and barely acknowledges the seller let alone listens to their story won’t make nearly as much money as the investor who takes his time with the seller and listens to what they have to say.

Taking a little extra time with people and trying to create a bit of rapport with them will not only make you a better negotiator, but you’ll feel better about yourself knowing that you helped someone out just by listening to them. If you make it not about the money, you make more money!

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Who Decides The Value Of A Short Sale?

Posted on by Jenny Zamora

Who Decides The Value Of A Short Sale?

 https://orlandorealtyconsultants.com/short-sale-experts/
The valuation of a short sale, as determined by the short sale lender, is probably the single most important factor of the transaction.

The way it works is; after an offer gets submitted to the lender, the bank will then order a BPO.. AKA [Brokers price opinion] on the property.

 This person will usually be a local realtor that will go out to the property, and after doing their research on recent sales in the neighborhood, will give the lender their opinion of what the property is worth.

Whatever, the BPO comes in at will be the negotiating point between the lender and potential buyer.

Does it matter if the house needs repairs?

Yes, it does matter and that is something that they are supposed to take into consideration when giving their estimation of value.

After they do the BPO there are 3 things that can potentially happen that will dictate what follows.

1- The BPO comes in at a fair number that everyone is happy with and we proceed to closing.

2- The BPO comes in too low and the bank insists on another one being done.

3-The BPO comes in so ridiculously high that the buyer threatens to walk. Now when this happens, the agent must do whatever it takes to prove to the bank, that the BPO agent got it wrong.

We do this by preparing an in depth report of our own called a CMA which is also known as a comparative market analysis. This report contains even more information than the BPO agent provided them with.

What a CMA basically comes down to is a list of Active, Pending and Sold properties in the area. And the whole purpose behind this is to get the lender to order another BPO or if we’re lucky they’ll just use ours.

In the end, after all the dust settles, the lenders are the ones that decide how much they are willing to accept for the property.

I hope this was helpful in answering your questions. Feel free to call us at 407-902-7750 or visit https://orlandorealtyconsultants.com/short-sale-experts/ for Free short sale help.

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7 Qualities of a Top Realtor

Posted on by Jenny Zamora

Knowledge of their local market

It’s absolutely crucial to hire an agent with an intimate knowledge of the local market. The MLS is a great tool when you’re doing some preliminary research like cost per sq ft and getting comparables. However, you need a realtor who can go deeper than that, someone that has local knowledge of the area you’re looking in. When you find a realtor that lives eats and breathes real estate, they’ll know things that other real estate agents won’t.

Relationships with homeowners

Realtors that specialize in certain areas will sometimes know the homeowners that are selling, personally. Whether it was from an open house in the same neighborhood or maybe from knocking on doors. A good realtor will go out of their way to create relationships with homeowners looking to sell their property.

By having a good relationship with the seller, the realtor may have some useful information like how motivated the seller is and if they need to move out quickly or maybe they don’t care if it sells at all.

Knowledge of Pocket Listings

These are listings that are not marketed through the MLS for one reason or another. Although pretty rare, pocket listings do exist, and usually, only agents that work in that area will be aware of them.

Experience as a Listing Agent

Like in any other competitive profession, there is no love lost when it’s time to negotiate the sales price. The buyer’s agent is trying to get the deal of a lifetime while the listing agent is trying to get $10,000 over the asking price.

Having an experienced agent in your corner who has “been there and done that” many times in their career will give you peace of mind that you’re in good hands. Is it really worth losing money on the buying or receiving end of a transaction just because you wanted to help your friend or family member who just got their real estate license?

Tech Savvy 

It’s no secret that most potential buyers start their search online. Fortunately, these days most agents will allow clients to search the MLS right from the agent’s website. However, even though the MLS is the most popular site for real estate searches, there are countless others now and your realtor should be familiar with and have access to all of them.

A good realtor will use all of his/her tools in their realtor toolbox to get the job done quickly and efficiently. You can start to see how having someone experienced in your local market is a huge advantage. 

Has Been Established For A Long Time

If a realtor has been in business for more than 10 years and is still thriving, then you know they’re doing something right. Getting your real estate license is relatively easy and most people that get their license don’t end up making it as realtors. Being a successful realtor year after year takes hard work, dedication and a never say die attitude, especially with an ever-changing real estate market.

Outstanding Track Record

This is the “proof in the pudding” when it comes down to it. It’s crucial that you find out what the realtor’s track record is. You should find out how many transactions they’ve done in their career overall and how many in the last year or six months. If their numbers don’t make you say “WOW!”, then you should probably move on to the next candidate. It’s also a good idea to ask for references from some of their past clients.

Easy Exit Listing Agreement

Even with all the ways, we can research an agent, there’s a chance that you still might end up with someone that isn’t producing the results that you were promised. Be very careful when choosing your agent and make sure that there’s a clause that lets you cancel the listing at any time for non-performance with no cancellation fee. If not, you could be stuck with a bad agent for the remainder of the listing contract or pay a hefty cancellation fee.

We’ve completely eliminated this problem in our own company by using what we call our “Easy Exit Listing Agreement”. It gives homeowners peace of mind knowing that if w don’t perform, then they can cancel on us anytime with no cost to them.

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Kailey’s Ridge Update

Posted on by Jenny Zamora

Floor plans and pricing for Kailey’s Ridge in Hunters Creek are being finalized by both builders and are expected to be ready within weeks. With the entrance roadway now paved, construction moves to the next phase of development. The builders (Ryan Homes and Surrey Homes) will each control 50% of the 134 homesites and are scheduled to begin construction on the actual homes by the end of September or the beginning of October of this year. The development will cover about 53.4 acres of land.

Home prices are expected to run between the 3 to 4 hundred thousand dollar range and provide buyers with top-quality residences with some very attractive and functional floor plans to choose from. The plan is also to provide a rural feel to the community for future residents which is why at least thirty percent of the new subdivision will remain protected and unspoiled.

 Hunters Creek Roadways Will Remain The Same

As a follow-up to my last article about Kailey’s Ridge “Kailey’s Ridge Underway Residents React”  Many residents will be very happy to know that the roadway leading into Kailey’s Ridge will not be connecting to any other road. The plan was to have the road connect to either Osceola Pkwy or International Drive. There were even plans to connect the road to 535! As a resident and realtor in Hunters Creek, I’m glad that the Hunters Creek Community Association would not allow this to happen. Developers agreed to pay the  $2,700.00 per lot in order to be part of the HCCA. There will be additional fees to pay by the builders as well as the homeowners as the development progresses. 

About The Builders Of Kailey’s Ridge

THE POINTE AT HUNTERS CREEK

Ryan Homes

This builder has been building residential properties since 1948 and is known to be one of the top 5 developers in the whole U.S. They are known for providing quality homes to buyers with a personal approach. This builder will also be constructing homes that are Energy Star rated which will be a terrific value to homeowners that will cut down on monthly energy costs.

Surrey Homes

In the last 25 years, this builder has built over 5,000 fully customized residences. Their base is right here in Central Florida and over the years they have earned a lot of trust and respect in the industry. Surrey Homes is known for providing the best features, great warranties, and top quality at affordable prices. Their team has a combined 50+ years of experience building homes.

Kaileys Ridge

There’s no doubt that the construction of Kailey’s Ridge is and will continue to be an enormous undertaking until its completion. Hunters Creek is known for having beautifully and quality built homes with sharply designed landscaping. Expectations for Kailey’s Ridge are just as high if not higher than existing homes in the area.

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