New Orlando Short Sale Hits The Market

1309 FALLING STAR LN, ORLANDO, FL 32828

New Orlando Short Sale just hit the market! Come one, come all… Are you looking for the perfect community to call home? Or, maybe you’re looking for your next investment property. Either way, stop what you’re doing and come see this stunning 3 bed, 2 and a half bath townhome located in the much sought after, gated Avalon Lakes Community!

This 1,700 square ft home is in pristine condition both inside and out. Boasting an open floor plan, there’s plenty of living space both inside and out perfect for entertaining or just relaxing…  this beauty is move-in ready!

Other features worth mentioning…

*Beautiful new tile and carpet floors!

*Screened-in patio

Community features

*Clubhouse

*Swimming pools

*Fitness center

*Tennis courts

*Volleyball

*Playground

*A-rated schools nearby

*Minutes away from Avalon Park, UCF, highways 408, 417, 528.

One thing’s for sure, this Orlando Short Sale Home won’t be on the market for long. Call or text 407-902-7750 to schedule your appointment TODAY!

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New Listing in Orlando,1315 Barbados Ave 32825

1315 Barbados Ave Orlando, FL 32825 

If you’ve been looking to buy a home in Orlando for a beautiful Move-in ready single-family home in the 32825 zip code of Orlando, FL under $240,000, Then look no further. Stop what you’re doing right now and come see this fully remodeled gorgeous 1,876 sq ft home in the subdivision of Park Manor.

This 4 bedroom/2 bath home with pool home has been beautifully remodeled.

New electrical, floors, kitchen, granite countertops, gorgeous backsplash, solid wood cabinets, stainless steel appliances, all-new fixtures, resurfaced pool and deck, fresh paint inside and out.

Ready to move in and priced to sell! Do not miss out on this Great opportunity to own your Dream Home.

If you want to see this or any of our other great homes for sale then visit us at https://orlandorealtyconsultants.com/

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Buying New Construction? Why Use A Realtor?

Should You Use A Real Estate Agent To Buy New Construction In Central Florida?

When looking for a home to buy, you must first decide if you want to buy an existing home or buy a new one. If you decide on buying new construction, you can then decide if you want to use a realtor to help you on this venture.

Here in Florida, there is no rule that requires someone to involve a real estate agent when buying a home whether it’s new or resale.

However, If you look at the pros and cons of using a realtor when buying, the pros will ALWAYS outweigh the cons. Developers can be tough negotiators and try bullying tactics on you so it’s nice to have someone in your corner to make sure you’re getting the best deal.

Here’s a list of some of the top reasons why using a real estate agent can save you time, money, and a whole lot of aggravation when buying a new construction property.

Representation

There’s a common misconception that when you work directly with the developer’s rep, you can save a lot of money. This is absolutely false. Think about it for a minute… Do you think that the builders representative is looking out for your best interest or their employer’s best interest? it’s common sense… the rep is going to try and work the best deal they can to benefit the builder…not the buyer!

Not having representation in any real estate transaction whether it’s new construction or not is just a bad idea all around.

An experienced realtor knows how to ask the right questions. Having a buyer’s agent to buy an existing home is extremely important but having an agent with experience in new construction is absolutely critical…

Here are a few questions you can ask a real estate agent to make sure they are experienced with new construction homes.

  • How many new construction homes have you sold recently?
  • Do have a list of lenders that specialize in new construction loans?
  • Why should I hire YOU to buy a new construction home?

Negotiation Skills

Having an experienced buyer’s agent on your team can help you avoid getting ripped off when buying new construction. Buying any new construction home can get expensive real fast. Builders will typically advertise their “Plain Jane” model with no upgrades so that they can mention their cheapest price on a home.

The nice thing about buying a brand new home is the capability to make it your own. However, the more you customize and upgrade it, the more expensive it becomes. Another good reason to hire a Realtor when buying a new construction home is their ability to negotiate for you. Most of the time builders have a list of prices for changes to the floor plans, upgrades, lot sizes, etc.

Contingencies and Inspections

There are many reasons why it’s important to have an existing home inspected, but it’s also to have a new home inspected…, Yes, even if it’s a brand spanking new!

If your Realtor has experience with new construction, they will know exactly what inspections to recommend to you. Builders are humans and humans make mistakes so you have to make sure that your brand new home was built properly. The only to do that with a new home is to have a thorough inspection[s] performed by a credible home inspector.

Could you imagine moving into your brand new home and immediately starting having problems? It can turn what should be a pleasurable experience into a complete nightmare!… This is just 1 example of a contingency on a real estate contract that a realtor would suggest to you.

Professional Recommendations on Upgrades

Buyers are generally given an allowance for items like cabinetry, floor coverings, countertops, fixtures, etc. Experienced Realtors will be able to guide you on what upgrades will actually increase the value as well as what today’s buyers typically look for in a home and why. The last thing you want to do as a new home buyer spends a lot of money on upgrades that won’t give you a return on your investment, especially when it comes time to sell the home.

Most buyers expect to live in their house forever, but the fact is that eventually you will either move…or die.
Assist In Finding A Lender & Financing Options

Your Buyers agent should be able to provide you with a shortlist of quality lenders that specialize in new construction loans. This type of financing is much different than obtaining a mortgage for an existing home. To start, not all lenders finance new construction. It is recommended that when buying a new home, you should try and use a local institution if possible.

Probably the biggest difference between traditional financing for an existing home and for a new construction build is the payment schedule. The lender makes periodic payments to the developer as the project progresses, also known as “draws”. Upon completion of the new home, the buyer will then get a new mortgage to pay off the construction loan.

As you can see, there are a lot of good reasons for hiring a realtor when buying new construction. Having strong representation when entering into a new home purchase is crucial to ensure that you get the best deal.

Still, have questions about buying a new construction home in Central FL? Visit us here https://orlandorealtyconsultants.com or call 407-902-7750 for immediate assistance.

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Short Sales In Orlando Still Rank Near The Top In U.S.

Although short sales in Orlando have dwindled in recent years, Central Florida still ranks as one of the top regions in the US having the most short sale listings.

Ironically, “short sales” can take a very long time to complete. These are homes in which the bank is willing to entertain a lower amount than what’s owed on the mortgage, in order to recoup most of their money.

More than 1 in every ten homes that were sold in the Orlando area in the last quarter of 2016 area was a short sale listing. The only other areas that had a higher short sale rate in the state of Florida were Fort Myers and Lakeland.

When short sales first became popular after the market crash of 2007, banks were willing to accept a much bigger loss than is the case today. This meant that investors and rehabbers like me were enjoying much larger profits than is the case with short sales today.

These days banks want as close to full market value as they can get. Many times these listings only make sense if you plan on moving into the house and making repairs yourself.

As an Orlando real estate investor, I make several offers on short sale listings every week most of which get denied for being too low. When buying a property as an investment home to resale you have to consider all the costs involved like repairs, closing costs, marketing, staging, etc. After doing the math, I can tell you that most short sale listings right now in Orlando are way… way overpriced for investors to make any money on them.

Certified distressed Property Expert

Banks are realizing that if they just let the home go to foreclosure, they can sell it for closer to market value instead of accepting a low-ball offer from an investor. Orlando short sales are ending up being auctioned off online auction these days more than ever. This strategy also allows these lenders to expose their property to anyone in the world with a computer.

Orlando’s continued distinction for short sales is a clear indication of how depressed this area’s housing market was just a few short years ago. At that time, there were more Orlando short sales and foreclosures than there were traditional sales. It has taken several years to push these distressed Orlando properties out of the pipeline.

Now that market conditions have been steadily improving, more homeowners are able to sell their homes at a profit. And for homeowners that are a bit underwater are starting to see the light at the end of the tunnel that will allow them to hang in there instead of having to come up with the difference at the closing.

For homeowners that are deeply underwater that are still at risk of losing their home to foreclosure, a short sale is still their preferred alternative because it does a lot less damage to the homeowner’s credit. They can also walk away with less debt and even come away with a few thousand bucks in their pocket for relocation costs.

I can tell you from experience as an Orlando Realtor and investor that short sales are no longer the deals they once were. Banks are being harder negotiators than ever and if they don’t get their number, they have no problem foreclosing.

Buyers who want to use the home as their primary residence and are willing to pay close to market value can still get a slight discount buying an Orlando short sale. However, for most retail buyers when they hear the word “short sale”, they usually pass because they know that short sale lenders can take a long time to respond and there’s never a guarantee that they will accept your offer.

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Love What You Do and Never Work Again!

As we get older and wiser, there are certain moments or conversations from when we were young that have stayed with us our entire lives. Whether it was a talk with your crazy uncle after he had too much wine or the third-grade teacher that you had a crush on.

In my life, I’ve had many such memories, but the one I want to mention today is the one I had my friend’s – Jason Wilkins’s dad [Dr. Wilkins]. Jason and I were Juniors in high school. He had taken us out for dinner at the Char-Hut, they had the absolute best-grilled chicken sandwiches in town… Pembroke Pines, FL where Jason and I grew up.

Jason’s dad was talking to us about life, what we wanted to study in college, and basically trying to pass on some knowledge to 2 “know it all” teenagers about our future.

I don’t remember exactly at what point in the conversation it was when he said something that has remained with me for the past 30 years- “If you like what you do for a living, you’ll never work a day in your life”… WTF?, was my first thought as a dumb teenager, I had no clue what the heck he was talking about. I knew the basics…you have to work to make money to pay bills, buy a house, have a family, etc…as he explained. He then went on to use himself as an example. See, Jason’s dad was a veterinarian for small animals, most household pets. He went on to tell us how much he really enjoyed what he did and he loved waking up every day to see what challenges he would be facing when he arrived at his practice… said he couldn’t wait to see the first patient of the day.

He said going to “work” wasn’t something negative for him, It was the opposite. He was just so passionate about being a vet that it oozed from his pores. Mr. Wilkins was always in a good mood and I think I had just found out why… Being the community Vet for many years, his clients knew that he really did care for their pets as if they were people and he wasn’t there just for the paycheck. My mom and dad also knew that because he was my dog “Butch’s” vet right up until he passed. Mr. Wilkins would always ask people about how their pets are doing as if they were people.

Jason’s dad went on to tell us that if we could find a profession that we were truly passionate about, no matter if it was as an attorney, janitor, or a school teacher, whatever it was, we would make a positive impact on the people we helped. If you are lucky enough to “find your calling” in life, you’ll know it…  you’ll become one of the very best in your field and you’ll be passionate about what you’re doing. While others around you will constantly bitch and moan about their job, you’ll be eager to jump out of bed in the morning and get to work! When this phenomenon actually happens you no longer have to work, just do what you love to do!

During my twenties, I had several jobs like that and got to experience what Mr. Wilkins was talking about. You see, I worked as a professional boat captain for 10 years of my life. During that time I was cruising all over the world on multi-million dollar luxury yachts. I was getting to see the world through the eyes of the mega-rich…and get paid for it!  As much as I loved being on the ocean and navigating my way to all these exotic places, it started to get old. I was ready to live on land somewhere and start a normal life with my then-girlfriend, now wife Jenny Zamora.

Finding another profession that I enjoyed as much as the boat captain thing was paramount to me.

We moved to Orlando in 2003 to join a friend who was already involved with real estate at the time. Once we got a taste of it, I realized that I found “my calling” in life… for the 2nd time!

I can honestly say that I’ve been able to find incredible satisfaction working as an Orlando Realtor and investor

What Mr. Wilkins told me so many years ago has never been more evident in my life for the past 13 years… “enjoy what you do and you’ll never have to work”.  That’s not to say that the world of real estate isn’t challenging, it’s extremely challenging and stressful at times. But when you’re passionate about something, you don’t mind dealing with the bad stuff that comes along with it. As a matter of fact, a few bumps in the road make the reward that much better when help you your client accomplish their ultimate goal.

When you’re dealing with someone’s life.. whether it’s finding them a new home, selling their current home, or both, there’s a lot of stress involved both financially and emotionally. But at the end of the day when I’m ready to go to bed, I know that I did the best I could that day to help my clients accomplish their Orlando Real Estate goals.

I’ve found that when I live eat and sleep real estate, it never seems like work. It just feels like real estate is what I was meant to do with my life and I find myself continuously trying to improve by finding new and innovative ways to help my clients and my real estate brokerage.

I love it when clients become friends…

Meeting

When you work with a realtor over several months, you either form a bond with that realtor and they become your friend or you’ll get on each other’s nerves and soon hate each other and won’t want anything to do with each other. Lucky for me, nearly all of our past clients have become friends and we end up staying in touch even after the transaction is complete.

It’s just sad that when surveyed by the National Association of Realtors, almost 80% of consumers said they would not hire their Orlando realtor for the 2nd time. I find that crazy! We not only have repeat business from former clients, they tell all their friends and family about us and we end up getting 2 or 3 more clients from just 1 happy client… God, I love this business!

 

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