Category: Orlando Real Estate

8 Factors That Increase Your Orlando Home Value

Posted on by Jenny Zamora

 

Are you looking to buy an Orlando home and make a smart investment at the same time? Be aware of these important factors as identified by Realtor.com by analyzing millions of home sales throughout the country.

Having Fewer Bedrooms- As an Orlando realtor, I was surprised when I first read about this. Homes with 1 bedroom experienced an increase in appreciation of over 7% since 2012. Homes with 2 bedrooms have increased by 6.6%, 3 bedroom homes 6.3%, and 4 bedrooms was down to 4.9%. This just goes to show how popular down sizing has become in our country.

Bigger is not always better- especially when it comes to Orlando real estate. past 5 years have been a strong indicator that smaller homes  are more popular than ever among baby boomers as well as first time home buyers. Statistics show that homes smaller than 1,200 square feet have gone up by an average of 7.5% each year and larger homes [ over 2,400 sq ft] have only seen a 3.8% increase.

Open floor layout- These days everyone loves an open floor plan and so the more sought after something becomes, the value it will have. Homes in Orlando with an open floor plan appreciate an average of a whopping 7.4% per year. You can sometimes change your floor plan depending on if the walls you have to remove are load bearing or not. Upgrades such as granite counter tops and stainless appliances only experienced a 2-3% appreciation.

Having a view- Homes with a nice view across the country have increased between 4.9% – 7.9% over the past several years. If your fortunate enough to buy a home with a pretty view, you can always expect to enjoy a bit more appreciation on your home than your neighbor without one.

Modern design- With the exception of a small percentage of buyers who prefer older homes, newer more modern styled homes will always be more desirable for the majority of buyers. As a matter of fact, newer homes with modern designs have been rising an average of 7.7% per year. Bungalows are 2nd at 6.5%, traditional 5.6%, ranch homes 4.5% craftsman 3.7% and victorian at 2.2%.

Homes with 2 car garages-  Orlando homes that have space for 2 vehicles have had an increase of 6.4% per year Vs homes with a one car garage at 6% increase. And believe it or not homes with 3 car garages only saw an increase of 3.8% annually.

Being in the city- This was another one that surprised me a bit, but I guess I’m a little bias. Homes that were in or close to the city near mass transportation had an increase of a whopping 8.4% in value where as homes in the suburbs in good school districts and shopping areas only increased by 7.2%.

 

 

 

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9 Reasons Why Some Homes in Orlando Sell Faster

Posted on by Jenny Zamora

Why is it that some homes in Orlando sell faster than others?

Have you ever wondered why some homes in Orlando sell much faster than others when they appear to be similar in the same neighborhood? The most obvious three reasons would be location, size, and condition. However, beyond that, some other factors can affect why some Orlando homes sell faster than others.

Great Curb Appeal- Top Realtors in Orlando say that the curb appeal of a home is the number one factor determining the amount of time that a home stays on the market. So if you’re selling a home in Orlando be sure that the front of your house looks the best that it can. Sometimes all it takes is a freshly cut lawn, manicured hedges, and a few colorful plants.

Homes ready to move-in- homes that are in “move-in ready” condition and are marketed as such usually sell much faster than homes in need of repair. Although there seems to be a million Orlando real estate investors buying fixer-uppers right now, the number of retail buyers is much higher.

Local School Districts- Homes that are located in A-rated school districts not only sell faster but also sell at a premium. For a young family, there’s a tremendous amount of value to them knowing that their kids will be going to the best schools. There’s it’s been researched that 1 in 5 Orlando home buyers would pay an additional 6 to 10 percent above their housing budget to be in a good school zone.

Professional Photography- As an Orlando realtor, it still baffles me how many listings I find on the MLS with horrible photos. If you want to sell your Orlando home fast for top dollar, make sure your agent uses top-quality photographs. Sometimes times, especially with our international buyers, people buy homes that they’ve never seen and all they have to go on is the photos. Also, homes in Orlando end up selling for more money when they have quality photos as opposed to homes with amateur-looking photography.

Have it staged elegantly staged- Homes that are tastefully staged sell 73% faster than homes that aren’t staged. If you can’t afford to have your home staged, you should at least make sure it’s decluttered and cleaned so it looks the best that it can for potential buyers.

Setting the listing price correctly- Homes that are priced at market value or just under have been proven to sell much faster than overpriced homes. Consult with your Orlando realtor to determine the correct listing price before putting it on the market.

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Hiring a top Orlando Realtor– Buy hiring an experienced Orlando real estate agent who knows your community like the back of their hand, you’ll not only sell your home faster and for more money, but you’ll have the peace of mind knowing there’s a licensed real estate professional in your corner looking out for your best interests. Be sure to check an agent’s reviews and track record before hiring them.

Video and virtual tours- One thing we do with every one of our listings is to create a unique video showcasing the property. We do this because everyone loves watching videos and we share it on social networks, on the blog as well as the website. We’ve also found it to be a great sales tool to show potential buyers.

Home features- In addition to being an Orlando realtor, I also invest in Orlando real estate, mostly to buy and resell. I can tell you from experience that homes with certain upgrades like granite countertops, upgraded fixtures, and quality flooring. However, you shouldn’t over-invest in these upgrades unless you know you’ll get a return on your investment.

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Att: Realtors in Orlando, New Listing in Avalon Park!

Posted on by Jenny Zamora

Attention Realtors in Orlando there’s a new listing in Avalon Park!

114454 Golden Tree Rain Blvd, Orlando, FL 32828

Realtors in Orlando will be clamoring to see this one! Are you looking for a Move-in ready, affordable home in the much sought-after community of Avalon park? Then look no further… your search ends here… Drop whatever you’re doing and schedule a showing before it’s gone! 14445 Golden Tree Rain Blvd is a beautifully designed and fairly priced home that’s completely ready to move in.

Move-In Ready!

This gem of a house boasts an open kitchen design making it the perfect spot for the whole family to gather while dinner is being prepared. There’s plenty of space for the kids to get their homework done or if you want to plan a dinner party with friends and family. The gourmet kitchen was designed to accommodate someone who loves to cook and bake. The aspiring chef in you will enjoy lots of counter space and cabinets that you’ll know what to do with. The stainless steel appliances are perfectly placed just right so you can move about the kitchen with ease as you prepare meals in your new home.

The generous master bedroom is large enough to fit a king-sized bed and the master bathroom is fit for a king and queen…with a separate shower and large soaking whirlpool tub to relax away your troubles. There’s also lots of room to get ready on those busy workdays with dual vanities and lots of counter space.

Young families will enjoy top-rated schools nearby and Downtown Avalon Park makes this a Desirable Community for everyone. Experience a wide range of shopping and dining options just minutes away from your new home.

Call or text 407-902-7750 now to schedule your private showing before it’s too late. Or visit us at https://orlandorealtyconsultants.com/contact/jenny-zamora-re-broker/

Property Specs:

2,298 Sq Ft.

4 Bedrooms

2 Bathrooms

2 Car Garage

Community Pool

Recreational Facilities- Park, Playground, and Racquetball

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The 7 Most Common Home Selling Mistakes

Posted on by Jenny Zamora

     

When Selling an Orlando Home Avoid These Common Mistakes

Setting the price on your own- The Orlando real estate market is constantly changing. Don’t think that you can determine what your listing price should be on your Orlando home just by going to Zillow. To come up with the true value of your home enlist the help of an experienced Orlando Realtor. Listing your home for the correct price from the beginning is crucial to a successful home sale. Failure to do so can result in longer than average days on the market which translates into less money in your pocket.

Pricing it too high from the beginning- If your home is overpriced you’ll get fewer showings because buyers looking for homes up to a certain price range may not even bother looking at yours. You will ultimately have to lower the price anyway to get it sold so make sure your listing price is realistically from the start.

Using an unusual listing price- When buyers use real estate search tools, they have to input ranges for example, “homes between $150,000-$200,000.” So if you set an unusual listing price, like $201,500.00 then you just might miss out on a potential buyer.

Overpricing on purpose- If you’re not in a rush to sell you may want to consider waiting to list your home until you are. Some homeowners adopt a strategy of listing it high thinking they’ll get the perfect buyer out of the blue that’s willing to pay a lot more than the home is worth because they’ve just fallen in love with the home and can’t live without it. This never happens! The fact is, the longer a home sits on the market the fewer showings you’ll get, and if it’s overpriced then don’t hold your breath for that fantasy buyer.

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Don’t get emotional- Remember, selling a home is just a business transaction so keep your emotions out of it. And never, ever walk around your house with a potential buyer, chances are you won’t have the same taste which can create an awkward situation for the both of you when they make a negative comment about your decor. Even if you get a low ball offer don’t take it personally. You should consider any offer a starting point for negotiation.

Not keeping it in good condition- Unless your home is a fixer-upper in need of major repair, make sure that it looks the best that it can. Having it clutter-free, clean and tastefully staged will go a long way in not only attracting more potential buyers, but also in getting top dollar and selling quickly.

Selling without a REALTOR- People who sell their homes “FOR SALE BY OWNER” stay on the market a lot longer than they should and sell for a lot less than those who enlisted the help of an Orlando REALTOR. By using an experienced real estate agent, you’ll have the peace of mind that someone’s in your corner looking out for your best interests as well as handling any problems that may arise throughout the transaction.

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5 Ways To Get Noticed In A Seller’s Market

Posted on by Jenny Zamora


Are you looking for an Orlando home in a neighborhood where there’s little or no inventory? And if you do find one that meets your criteria are you ready to be faced with a bidding war? That’s typically what happens in a seller’s market, especially in the most sought-after neighborhoods in Orlando.

Here are a few tips that will help you to maximize your chances of finding yours and getting it under contract.

  • Make your search a top priority. If you really want it, you have to go for it. Have your Orlando Realtor set up email alerts for you. This way every time a home that meets your criteria hits the market, you’ll be one of the first to know. You should be ready to go see it immediately, don’t wait for the weekend to come around because it will probably be under contract by then. Also, be ready to make a quick decision, not doing so could cost you.
  • Get pre-approved by a lender and bring your pre-approval letter with you whenever you go see a house. A seller will take you more seriously if you show them that you mean business and you’re not there to waste their time. This will give you a huge advantage over a buyer who hasn’t taken this step yet.
  • Consider waiving the contingencies. The typical home buyer will put contingencies in the contract in order make sure they don’t lose their deposit as well as making sure their financing gets approved. For example, if the home doesn’t pass inspections, they can back out. Waiving the contingencies is always attractive to buyers but it’s not recommended for every buyer. Consult with your Orlando Realtor before considering this as an option.
  • In a seller’s market, sellers have the advantage. Don’t send in a low ball offer on a home that you know is worth the asking price, because you’ll likely end up losing it to buyer willing to pay full asking price. Figure out how much you’re willing to go up to within your budget and bid aggressively.
  • Tweak your criteria when searching. Consider going further outside your search area and look at homes that may need some remodeling or updating. By doing this you’ll not only have more options, but you could even end up getting a better deal, especially if the home needs some repairs.

If you’re looking for a house to call home in Orlando, FL, or even an investment property, call or text us at 407-902-7750 for a free consultation. In the meantime feel free to use our Orlando Home Search Tool.

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