Category: Orlando Real Estate

TOR 026 : Title Insurance, What’s It For?

Posted on by Jenny Zamora

Last week one of our buyers asked me what exactly title insurance was for and why did they need it. So I thought it would make a good topic for the show.

There’s a stack of paperwork that has to be completed before it all becomes official and you get the keys to your new house.  Today we’re gonna talk about it and hopefully, you’ll have a better understanding of exactly what role title insurance plays in a real estate transaction.

Play this episode of Top Orlando Realtors Podcast to find out the in’s and out’s of title insurance.

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ORC Launches New Site For Investors!

Posted on by Jenny Zamora

The wait is over! The time has come to unveil our long-anticipated new website BuyRentalHomesOrlando.com which was designed specifically for real estate investors to buy and sell short-term luxury rental homes in Central Florida.

Now more than ever is a great time to invest in the short-term luxury rentals in Central Florida. The way the short-term rental market is booming we had no choice but to create a separate website that enables buyers to explore all of these amazing resort communities and helps consumers to make smart buying decisions.

With so many new developments under construction, builders are offering tons of buyer incentives as well as free upgrades. Savvy real estate investors from around the world are taking full advantage of this unique opportunity.

With over 65 million visitors a year, Central Florida is the best place in the world to invest in a short-term rental property. Families today prefer to stay in a luxury resort-style home over a costly and cramped hotel room.

All of these amazing resort communities are located on beautiful properties offering first-class amenities. In fact, there are soo many things to do in these communities that some guests don’t even bother visiting the World Class Theme Parks and attractions located just minutes away.

On-site property management companies make it super easy for homeowners to get their homes rented out because it’s all done for them. With central Florida being one of the world’s top vacation spots, there’s never a shortage of families looking for a luxury vacation rental with all the comforts of home.

If you’re interested in seeing some model homes of these fantastic resorts, call or text 407-902-7750 or just visit  http://buyrentalhomesorlando.com/

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3 Reasons Why It’s A Great Time To Sell Your Orlando Home

Posted on by Jenny Zamora

With Orlando home prices on the rise and increasing demand, Orlando Real Estate has experienced a stellar 2015 in home sales and it’s not over yet. Projections for 2016 are expected to continue on the same track and may even be better according to many top Orlando real estate agents.

There are 3 major factors that are currently creating this “Perfect Storm” in the world of Orlando real estate.

1- It’s A buyer’s Frenzy! Between Investors, first-time homebuyers, boomerang buyers [people who have lost their previous home to short sale or foreclosure], and traditional buyers, Orlando homes are not lasting very long on the market after the listing hits the MLS.

The amount of people applying for FHA loans, [loans that are backed by the Federal Government] is at an all-time high. These loans are mostly favored by first-time homebuyers because of the down payment assistance. Record low mortgage rates also contribute largely to the record numbers of people applying for home loans in Orlando.

2- Skyrocketing Home Prices. Single-family homes in Orlando as well as condos sold for an average of 11% over the original purchase price in the 1st half of 2015.

We are now seeing the biggest gains in Orlando’s real estate appreciation since 2007. These days it’s not uncommon for a home to sell above the asking price in some Orlando neighborhoods. According to the NAR median sales of existing homes surpassed the previous peak we experienced in 2006 just before the bottom fell out.

3- Limited Inventory. Sellers have a lot less competition right now which forces homebuyers to compete for a limited supply of Orlando homes. Recent distressed property sales [short sales and REO properties] only accounted for less than 7% of all real estate sales in Central Florida. This is the lowest since 2011. Back in 2011, the overall distressed property sales in Central Florida made up almost 50% of the market.

Looking to sell your Orlando Home For Top Dollar?  call or text Jenny Zamora at 407-902-7750 to find out how much your home will sell for.

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New Orlando Short Sale In 32826!

Posted on by Jenny Zamora

This is a beautiful short sale home in Orlando in the trendy and sought after zip code of 32826
This home is a 3 Bedroom, 2 Bath property in a Gated Community.

Move-in ready! With an open, spacious floor plan with high ceilings, walk-in closets in all rooms and all rooms are oversized so the whole family can feel like they have their own master suite.

It has a large family room, separate dining area, eating space in the kitchen, and an open kitchen with Island.

The separate inside utility room includes a washer and dryer.

The master bathroom has dual sinks, a separate shower & garden tub.

Wood and tile floors throughout the home. This is a great home for 1st-time homeowners.

Close to shops, restaurants, schools, minutes from UCF, and more. Please call me immediately to schedule a viewing, this home will be gone in no time!

For immediate assistance call or text 407-902-7750

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TOR 025: The As-Is Contract and What it Means to Buyers and Sellers

Posted on by Jenny Zamora

Hello and Welcome to the Top Orlando Realtor podcast, if you’ve been here before, we are happy to have you back.

I’m your host John Conde with ORC and today I’ll be talking about the “AS-Is” contract and what it means to both buyers and sellers and hopefully, clear up a few things...

These are some highlights from today.

Play the entire episode to hear the full version.

We’ve all heard the saying ” let the buyer beware”…

And that usually applies when someone buys something at a garage sale or craigslist and it basically means you’re buying it as is and the seller doesn’t take refunds…

So let’s say you buy a toaster for a dollar, you take it home and you find out it only makes toast on one side, well guess what?… you’re stuck with it…

Now… when it comes to Orlando Real Estate… The As-is contract has a whole different meaning and sometimes the seller tends to misinterpret exactly what “as-is” means.

For starters… It doesn’t mean that you’re allowed to withhold any adverse information about the house from a buyer.

As a matter of fact, It’s against Florida law and you can get in legal trouble if you get caught.

It’s called strict liability and it’s taken very seriously in the state of Florida.

If a seller is caught doing this… The buyer has the right to not only rescind the deal, but they can sue the seller for money damages that resulted from failure to disclose.

Now Let’s talk about What Sellers Don’t Have To Disclose

Like Murder….you heard me right. If a dozen people were brutally murdered inside of a home. the incident does not need to be disclosed by the seller…

Could you imagine buying a home, moving your family into it then finding out from a neighbor that it was the scene of a triple homicide a year ago?

So A couple of other ones here that you don’t have to disclose

– If the prior occupants had aids, don’t need to disclose it either…

– Any death not related to murder. So.. If someone died of an infectious disease …

Personally, I wouldn’t care about losing a deal in this situation… I disclose everything I know about a listing whether it’s required or not…

Buyers should always do some extra research before submitting an offer on a home…Especially if you plan on living there.

Deadly crimes are easy to research online through police websites, and newspaper sites.

So That’s it for today, I hope this information was beneficial to someone out there.

If so, please take a second to go over to iTunes to give us a review and a rating

To submit a question or topic to the show just head over to our website and fill out a contact form, we’ll do our best to talk about it on the show.

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