Category: Orlando Real Estate

TOR 028 : Avoiding Sellers Remorse

Posted on by Jenny Zamora

Hello and Welcome to the Top Orlando Realtor Podcast. 

In the last episode, we talked about how to combat Buyers Remorse and I thought the only logical follow-up would be to talk about Seller’s Remorse.

In This Episode:

Homeowners can prevent seller’s remorse by thinking through the entire process…

*Have a plan,

*Have a relocation goal

*Have strong reasons for selling.

If you’re wondering how much your home will sell for then gives us a call at 407-902-7750 and we’ll prepare a free Comparative Market Analysis for you with no obligation.

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Student Debt Crushing Dreams Of Homeownership

Posted on by Jenny Zamora

Just a decade ago, twenty-somethings were buying homes in Orlando at a much higher rate than is the case today. Much of the reason for this is the amount of student debt that most college students have accumulated during their education.

To make things worse, many college grads struggle with finding a good-paying job in their field. They end up having to settle for a position in which they are overqualified and underpaid.

Student debt in the US is also at an all-time high which is one of the main reasons we see fewer and fewer people in their young to mid-twenties borrowing money to buy homes.

Dennis Carlson the chief economist at Equifax, found that in 2004 students under the age of 30 in the US had over 146 billion dollars in student loan debt, by 2014 the amount of student debt was over 369 billion dollars…. that’s more than double the amount!

The Equifax data also revealed that there is a definite correlation between income and the rate of student loan delinquency. People making less than 30k per year are most likely to default on their loan payments. As you could probably guess, the rate of delinquency gets reduced as yearly income increases. This shocking piece of data demonstrates the amount of strain that student debt places on these young Americans right at the start of their careers.

Although having a steady job helps, the data also shows that these young workers struggle in making their payments as late as 4 years into their careers.

In a recent survey, renters were asked why they didn’t want to purchase a home, the number one answer has they already had too much debt and they didn’t have enough money saved.

Don’t Buy If You’re Not Ready

Working as an Orlando Realtor, I try to advise my clients to do what’s best for them. If I think someone’s not ready for homeownership, I won’t hesitate to let them know even when it means losing a buyer. Worrying if you’re going to make enough money to cover the next mortgage payment must be an awful feeling. Homeownership is a huge responsibility and If you’re not ready to buy, then don’t buy! The last thing you want is to set yourself up for failure.

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Preparing to List your Home

Posted on by Jenny Zamora

Many sellers have a difficult time preparing their homes once they’ve decided to list them for sale. How will you know what to do to get it ready?
This is why it’s so important to hire the best Orlando Realtor from the beginning.

There are many factors to take into consideration before listing your home. Your Real Estate agent will be the one to guide you thru the pre-listing process and will advise you on how to maintain the home throughout the listing period.

The first step is, Hire a professional Real Estate Agent.  Call your local Realtors office and meet with a few agents before you commit to a listing contract for a year to later found out this is not the right person for you.

When you are interviewing agents, ask about their background in the Real Estate business. How long have they been in business, and how long have they been listings homes? How many listings do they currently have? How many agents are in their Real Estate firm? How accessible is he/she? You want to make sure that if your Realtor is not available, someone else in the company will be.

After you’ve found the perfect Orlando Listing Agent, it’s now time to start looking at your home and set the listing price.

What is the condition of your home? When was the last time you had any maintenance done to the AC, heater, water pump, pool pump, septic tank, windows, doors, etc? You want to make sure there are no leaks in the sink, faucets, and or showerheads.

What upgrades does the home have, if any? Are there any repairs that can be easily done to help improve the overall condition of your home? Does it need interior or exterior paint, does it need flooring? What can you do the improve the curb appeal?

Remember, the better the home looks the faster it will sell!

 

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Attention Real Estate Investors!

Posted on by Jenny Zamora

Right now is the best time to buy a short-term rental home in Orlando. Let me explain why…

With small rooms and limited amenities, overpriced hotels are not very appealing to vacationing families looking for a luxury vacation. Today’s vacationer demands more, which is why more and more people are choosing to stay in luxury vacation homes. These amazing resort communities offer something to everyone in the entire family.

1st Class Amenities

Vacationers staying in these properties can enjoy a wide range of on-site amenities. From world-class golf courses to private water parks and everything else in between. There is also a wide range of dining and entertainment options to choose from. It’s no wonder why some guests never even leave the resort!

World-Renowned Attractions

All of these resort communities are located just minutes away from all the major attractions in Orlando like Walt Disney World, Sea World, Universal Studios, and too many more to mention! Well-known shopping malls like the Mall at Millenia, Florida Mall, and others are also just a short distance away for visitors who love to shop.

Entertainment and Dining

In addition to the restaurants you’ll find within the property, Central Florida is home to a seemingly endless selection of restaurants to satisfy anyone’s taste. With places like City Walk and Downtown Disney, club-goers and bar hoppers will be in heaven. If guests prefer to see a show instead, Central Florida’s got you covered.

Investing In A Short Term Rental Home

It’s easy to see why over 65 million people a year visit Central Florida…we have everything you could ask of a vacation spot! That’s why it’s such a struggle to keep up with the demand for short-term rental homes. This is great news for Orlando real estate investors looking to cash in on this very specialized.

Smart investors are buying these properties up in the first phase of construction so they can take full advantage of pre-construction pricing, free upgrades, and buyer incentive packages.

Turn-Key Investment

Top-notch property on-site management companies make it super easy to keep your property occupied for as long as you want it to be because they do it all for you! The property manager will take care of marketing, maintenance, and even send you the rent check. All the homeowners have to do is select the weeks in which they want to use the property for themselves and they will rent it out the rest of the time making sure you get the most from your vacation home investment.

If you’d like more information about purchasing a short-term vacation rental in Central Florida call us at 407-902-7750 for immediate assistance or visit us at. http://buyrentalhomesorlando.com/

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Listing Your Fixer-Upper

Posted on by Jenny Zamora

People’s opinions of what a fixer-upper is may vary depending on who you are and what your experience level is in fixing up homes.  If all the house needs is a coat of paint and some minor cosmetic repairs, then it’s probably worth it to do the work yourself before listing the house on the market so you can sell it to a retail buyer.

It’s always a good idea to consult your Orlando Real Estate agent before doing any work.

However, if the home is in need of some substantial repairs or a major remodel, then that’s a whole different beast altogether. Most of the time, properties that are in need of such repairs will be bought by an investor who fixes up homes for a profit.

Other times the buyer will be looking to fix up the home themselves with the intention of living there.

Most people don’t have the capacity to see past the repairs and visualize the finished product. These people need a little help and it’s up to you [the seller] to sell them what could be their dream house.

In general, it will depend on the extent of the repairs needed but, If you intend to list a fixer-upper, it will be advantageous for you to have some estimates from a few different contractors in the area.

A professional contractor has the skills and equipment needed to complete any repairs safely and in a timely manner. It’s always best to hire someone with the proper licensing and insurance to avoid any problems that may occur during the job.

By taking the time to get a few estimates for the repairs on your fixer-upper, you’ll be able to show a potential buyer the light at the end of the tunnel. It will also show the buyer that you cared enough to go the extra mile for them.

If you have a fixer-upper in Central Florida and need to sell it fast for the highest amount, call or text us at 407-902-7750 or visit https://orlandorealtyconsultants.com/

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