Category: Orlando Foreclosures

Orlando Real Estate Agents are on the Move to in order to improve their earnings.

Posted on by Jenny Zamora

 Finding the best brokerage to work for proves challenging for Orlando Realtors

 

Top Orlando agents are always looking to maximize their earnings and sometimes this can mean switching to a another brokerage for a higher percentage split or a more desirable area. I went through the same thing myself when I first started my career as an Orlando realtor in 2004, working for several different brokerages until ultimately becoming abroker myself and starting my own company.

Orlando Real estate is an industry where it is common to see agents moving from brokerage to brokerage until they find the perfect situation for them to settle into, [which sometimes is never].  Most new Orlando realtors will usually stick with a brokerage for a while to see where it goes and if they’re not happy for whatever reason, it usually doesn’t take long for them to find another broker to hang their license with. Sometimes this will continue on for several years with some agents.
Just about every Orlando real estate agent will agree that the market has left its darkest days behind. So they want to be in the best position to enjoy the climb back up.  I can’t say that I blame them.
I believe that will we continue to see more and more agent movement as the Orlando real estate market works to fully turn the corner on the housing collapse of 2007.

Top Brokers seeking out top agents

Top Orlando Brokerages are always on the lookout for their area’s top agents so that they also can increase their earnings and make better commissions. The best realtors will always end up at a top brokerage sooner or later because they are mutually beneficial to each other which is why they are constantly seeking each other out.

Here at Orlando Realty Consultants we are no different. It has taken us several years to assemble the team of Orlando Real Estate experts that make us who we are today and we are always looking for Top Orlando agents to join forces with.

 

 

Jenny Zamora, Lic RE Broker

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Orlando Realty Consultants Welcomes Top Agent “Ruth Miranda”

Posted on by Jenny Zamora

Orlando Realty Consultants Hires only the Best Agents

Orlando Realty Consultants, Inc., a leader in Central Florida real estate, has added short sale superstar Ruth Miranda to its team of top real estate professionals. Ruth Miranda is an enthusiastic go-getter with a genuine desire to help clients find the perfect place to call home and we are thrilled to have her onboard.

 Ruth Miranda became an Orlando Realtor in 2003 and offers a unique level of real estate expertise combined with an uncommon level of professionalism. Her specialties include: Luxury Homes, International Real Estate, Orlando Short Sales and Investment Properties with an expertise in Social Media Marketing, International Bridging, Market Analysis, Sales, Negotiating and Consulting experience. With a background in international relations Ruth recently received his Transnational Referral Certification (TRC) and completed his Certified International Property Specialist training (CIPS). Also held her Loan Officer’s License is a Certified Distress Property Expert, and Short Sales & Foreclosure Resource Specialist

She is also associated with many investment and international organizations with access to nationwide and international contacts. To navigate the complex decisions involved in today’s real estate market requires the guidance of a professional. Ruth is committed to quality service with an emphasis on accountability, reliability, timeliness and enthusiasm. Ruth’s goal is to provide you with powerful online and traditional marketing exposure, price band analysis, the expertise in negotiating for a quick sale along with the ability to maximize the highest asking price for your home. She is as devoted to her work as she is to her family.

She is fluent in the Spanish language, business etiquette, and culture. A successful real estate transaction is built upon the strength of relationships and the experience of how to get things done. Ruth is well respected by her peers and has developed invaluable working relationships with other professionals in the industry such as title companies, attorney’s, lenders, appraisers, builders, institutional investors and realtors. She also enjoys scuba diving, music, the great outdoors, giving back to the community as well as being with close friends and family

About Orlando Realty Consultants

ORC, Inc. is a leader in Orlando real estate, specializing in Short Sales. The firm has been at the forefront of Orlando, Florida realty for 8 years.  Orlando Realty Consultants has several Florida Realtors helping buyers and sellers alike. The majority of Orlando Realty agents hold the Certified Distressed Property Expert (CDPE) designation, providing special expertise for navigating through the changing climate of short sales, foreclosures and distressed properties.

 

For more information about Orlando Realty Consultants, call or visit www.orlandorealtyconsultants.com

 

Jenny Zamora, Lic Orlando RE Broker

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The days of Low Ball Offers on Orlando Real Estate are Long Gone!

Posted on by Jenny Zamora

Buyers are realizing that they have to Pay the Price if they want a quality Orlando Property

Orlando Homebuyers have had the upper hand since 2006, but today’s reality tells quite a different story, sellers are back in the drivers seat. Prices of Orlando Realty have been rising steadily much like many other parts of Florida and inventory is way down.

The problem with some Potential buyers is that they have trouble accepting the market has changed and they continually miss out on good deals because they bid too low. These days you have to go above the asking price to get taken seriously, and even then you might not get the house you’re after.

Some buyers come into my office thinking that the Orlando Real Estate market is the same as it was in 2008 and 2009 when sellers were desperate to sell their homes. Sellers are no longer desperate and they know that they now have the upper hand. The days of submitting low ball offers are over.

A typical Orlando Seller considers a low ball offer to be anything below 90% of full asking price while on the other hand Buyers feel that offering 80-85% is a reasonable offer.

Orlando Buyers are starting to get the “Big Picture”.

Some people are the type to stick to their guns even if they’re wrong about something, however the majority of Orlando property buyers are starting to realize that if they want to get their hands on a quality piece of Orlando Realty, then they have to pay the price.

 

Jenny Zamora Broker

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As the Unemployment Rate Falls, Orlando Real Estate Sales Improve

Posted on by Jenny Zamora

Orlando Realty sales improve partly because of less unemployment

 

 

The unemployment rate in the state Florida dropped one tenth of a percent in May. That is the lowest we’ve seen it since 2008. It makes perfect sense that this is having a positive effect on state tax collections, and Florida real estate transactions are leading the way. With less unemployment  things are moving forward again. Not just in the Orlando real estate market, but across everything else the board.

 

Florida banks are lending money again.  This not only helps people get loans to buy property, but since the beginning of 2012 financial institutions have created fifty seven hundred new jobs in Florida.  In fact, Florida’s financial institutions account for 1 out of every 10 new jobs created in Florida since the first of the year.

 

The fact that pending sales in Florida are up thirty five percent is proof that people are back in the market ready to buy. It’s a fact that if your making enough money to pay your bills and support your family, your happy.  If you’re happy you will spend more money and feel good about it, it’s just human nature. This is why the Orlando market is improving at the rate that it is. People feel like the recession is behind them and there is hope again. Fact: the #1 cause of divorce in our country is financial problems. I’m not certain but I would guess that the divorce rate in Florida overall has also dropped together with the unemployment rate.

 

Foreign nationals Purchasing 1 out of every 6 Orlando Properties

 

With Orlando Realty prices being what they were, foreign nationals are making some serious home purchases. Whether it’s for a vacation home or to move in as a primary residence to escape the cold once and for all. Orlando Real Estate is a hot commodity for people oversees. I have been working with some English investors for several years now which have purchased at least a dozen Orlando properties from us since 2008.

 

New Construction in Orlando Still Suffering

 

Although we’re seeing dramatic improvements in the Orlando real estate market lately, new construction still remains one of the hardest hit areas in Florida’s economy, losing about 20,000 jobs within the last year. Orlando Real estate Developers are going to have to come up with some even bigger incentives in order to compete with the rest of the market.

 

Jenny Zamora, Lic RE Broker/ Orlando Real Estate Expert

 

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Buying Orlando Real Estate without an Agent Can Prove to be Costly

Posted on by Jenny Zamora

Buying an Orlando Realty without a Realtor can Result in Disaster

 

Buyers loves to get a great deal on Orlando real estate and there’s nothing that I enjoy more than to provide my clients with terrific Orlando homes at great prices. However, If you you don’t want to use a realtor, there are other options available such as bidding online for properties going to foreclosure or searching craigslist for motivated sellers.

Bidding at the Orange County online foreclosure sale.

It’s true that you can find a good deal at the auction on an Orlando property. Although, if you don’t do your research prior to bidding, there’s a good chance that you could lose big.
A family was recently bidding in an online auction on a foreclosed home in the Orlando neighborhood of Meadow Woods.  However, those bidders didn’t know they’re now on the hook for the previous owner’s mortgage.

The home went to auction on the Orange County Clerk’s foreclosure website, and someone bought their home for $16,000! What a deal right? Wrong!… the guy that bought the house online didn’t do his research until after he bought the house. It turns out that it was an HOA foreclosure and there was a mortgage attached for 200 thousand dollars. Can you imagine thinking that you just got the deal of a lifetime and then finding out that you inherited a $200,000.00 debt?  It’s like, “Oh, my God. What have I done?”

People have this misconception about the online auction where they think bidding on foreclosures is a lottery ticket. The truth is, many people end up losing money bidding on foreclosures.

 

Before bidding, you need to do a title search.

One of the problems with trying to get a house online is all that you have to put in a lot work to be successful. Spending a hundred dollars on a tile search can save someone from making one the biggest mistakes of their lives. Doing a title search is just one of the things you need to do. It’s always a good idea to go to the house even if you can’t get inside. Most of the time you won’t be able to get in but you can at least get an idea of what the outside looks like.

Unfortunately, disgruntled homeowners that have been forced out because of a foreclosure can sometimes take out their frustrations by causing severe damage to the inside of the house. I’ve seen houses with well over $20,000.00 in damages caused by angry homeowners and their favorite sledgehammer or golf club.

The moral of the story is this; If you choose to find a property without the help of an Orlando Realtor, make sure to do your due diligence or you could end up losing money.

 

 

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