Category: Orlando Realtors

Orlando Short Sales… Know The Rules!

Posted on by Jenny Zamora

Don’t let the name fool you, Orlando short sales take a long time! The reason being is that a short sale means that the bank loses money so you can’t blame them for not being in a rush. This can however be helpful to the homeowner by allowing them time to get their house sold and avoiding foreclosure. If a lender approves a short sale on a home, it means that they are allowing the homeowner to sell their home for less than what’s owed on the mortgage.

Recently, the United States Treasury Department changed the rules to make the short sale process easier and more efficient. Usually, the short sale process will drag on for several months and even up to a year in some cases. And even then there was no guarantee that the lender would agree to a short sale. That’s why there are so few Orlando short-sale realtors willing to specialize in this area of real estate.

Some short-sale agents remain skeptical and think that nothing will change. Orlando short sale specialist Jenny Zamora, Broker at Orlando Realty Consultants “I will be the first to shout from the rooftops if the short sale process becomes faster than what it is”.

These are some of the changes that are being put in place:

  • Potential buyers must submit a pre-approval letter from a lender together with their offer on the home.
  • Lenders have to either approve or deny a short sale offer within ten business days.
  • To protect the homeowner from being forced out, the short sale lender must give a 45 day closing period unless the seller agrees to a lesser amount of time.
  • If someone buys a house via short sale, they cannot sell it for at least 90 days. This scenario is fine for someone planning to live in the home but it presents a problem for investors looking to do a quick flip.
  • Orlando short sales done through the HAFA program [Home Affordable Alternatives Program] can’t be sold to a friend or relative or business partner of the seller.
  • A maximum of $3,000 can go to holders of junior liens to release a lien on their property
  • A lender may not foreclose while the house is being marketed for sale during the short sale process.
  • Lenders may no longer charge fees to borrowers who wish to pursue a short sale instead of a foreclosure.
  • Lenders may no longer lower realtor commissions after an offer has been received.

Jenny Zamora, Orlando Realtor, and short sale specialist are overall happy with the changes although she is doubtful these changes will increase her already outstanding turnaround time of 30-45 days to complete a short sale.

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Fully Renovated Saint Cloud Home … Move-In or Rent-Out!

Posted on by Jenny Zamora

Hurry! This Gem of a property has been fully renovated and won’t be around for long!

2 homes on a huge ½ acre corner lot. The larger 2 bedroom 1 bathroom home is 840 square feet and the smaller 1 bedroom 1 bathroom house is 530 square feet.

Property Features:

  • Large 1/2 acre fenced-in lot
  • Granite Counter-tops
  • Solid Wood Cabinets
  • New Stainless Steel Appliances
  • Ceramic Tile and Wood Laminate Floors
  • New Central AC
  • New water heater
  • Fire pit

A great home/investment property with several options for you like…

  • Live in the 2/1 main house and rent out the 1/1 apartment
  • Live in the 1/1 detached apartment and rent out the 2/1 main house
  • Occupy both homes and still maintain your privacy, the 1/1 apartment is the perfect mother-in-law suite.

Rent Breakdown

2/1 Main House – $950.00

1/1 Detached Apartment – $750.00

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New Listing In Longwood! | Home For Sale in Longwood, FL

Posted on by Jenny Zamora

New Listing In Longwood | Home For Sale In Longwood, FL | 407-902-7750

For immediate assistance call or text 407-902-7750
This home has been beautifully renovated and is nestled in the quiet community of Longwood. Masterful design and modern luxury are embodied in this 4 bathroom 1 1/2 bath home which features new stainless steel appliances, solid wood cabinetry, and solid granite countertops throughout.

The open floor plan consists of a large living/dining room, spacious bedrooms, and an inside utility room. The floors are dark wood laminate throughout with Italian ceramic tile in both bathrooms. High-end fixtures and glass doors just like with every other detail of the renovation was carefully selected and quality crafted.

The home has a beautifully landscaped front yard complete with landscape pavers, a front porch, and a large fenced-in backyard with a separate entrance perfect for entertaining. This property is move-in ready!

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Don’t Get Fired By Your Orlando Realtor

Posted on by Jenny Zamora

As an Orlando Realtor, I truly care about helping people to find solutions to their real estate needs. Whether I get hired to buy or to sell a house, I try to do what’s best for the person that I’m representing. Unfortunately, there have been a few occasions where the person that I’m representing just doesn’t listen to my advice ….and my only choice is to fire the client.

Realtors don’t get paid until their client buys or sells a home and they have no choice except to terminate clients who insist on doing things the wrong way.

Whether you’re in the market to buy or sell a home in Orlando, it’s important that you are realistic with yourself. If you want to buy a 3,000 sq ft home with a pool in a high-end neighborhood but you work as a sandwich artist, then guess what?… It’s just not going to happen!

This is where an experienced Orlando Realtor can help. A good realtor can help you to determine how much you can afford to pay for a house according to your income and expenses.

These are the most common reasons why you could be fired by your agent…

Insisting on sending in lowball offers

Once you’ve found a house that fits your budget, it’s time to make an offer. Don’t make a lowball offer, especially with current market conditions in Orlando. If you insist on making a lowball offer on a home that’s clearly priced fairly, then you’re running the risk of getting fired by your agent. You might get a rookie agent that asks “How High?” every time you say jump, but then that’s like the blind leading the blind and you won’t get any results. However, if you’re dealing with a successful and experienced agent like myself and you insist on making ridiculously low offers then guess what happens next….. that’s right….” you’re fired!”

Pricing your home too high

When top realtors market their listings for sale, they spend a lot of time and money to make sure their listing gets maximum exposure to the right people. Our company goes all out on taking professional photographs, hiring videographers, social media blasts, etc. However, not even the most aggressive marketing campaign in the world won’t sell a house if it isn’t priced correctly. Most realtors, like myself, will just flat out reject overpriced listings rather than waste their time and money.

A lot of people think that whatever Zillow says goes, big mistake. Even Zillow says they aren’t 100% accurate! Pricing a home correctly is done by researching comparables in the area then making adjustments according to the upgrades or damages to your home. Your realtor should provide you with a CMA to back up what they are suggesting the listing price should be.

Procrastinating with paperwork

This is one of the most frustrating things to deal with because it’s such an easy fix… Just do it! When submitting offers and counteroffers you can’t just take your own sweet time to respond or it could end up costing you the house of your dreams. The same holds true throughout the rest of the buying process. Missed deadlines on inspection periods, following through with lender requirements, etc can all be deal killers.

If you’re truly serious about buying or selling a house then avoid doing the things mentioned in this article or it could get you fired…

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Should You Become An Orlando Realtor?

Posted on by Jenny Zamora

Like the hometown carnival that comes around once a year, the Orlando real estate profession attracts a large variety of personalities from all over the world. Quite often people are attracted to the real estate industry because they like the idea of depositing fat commission checks and being their own boss.

They get blinded by billboards and bus stop benches of Orlando Real Estate agents who appear to be doing financially great! …and if they have the marketing budget to appear on benches and billboards throughout your town, then they probably are…but you can bet that it’s taken them a lot of time and hard work to get there.

Some people believe that once they’ve passed the state exam, buyers and sellers will start falling into their laps and they’ll be instantly busy, then rich… or you have the people who get their license to work only part-time as an agent and think it will be a fun and easy way to supplement their income from their other part-time job.

People seldom realize the amount of time, money, and dedication they have to put in to be a successful Orlando Realtor. The fact is that it takes a lot of work to be successful in the real estate business.

If you’re a successful Realtor, investor, landlord, or even property manager, it’s because you’ve put in a lot of time and effort to become an expert in your particular niche of the real estate industry.

Most people who succeed in real estate do so because they actually care about helping their clients to achieve their real estate goals than just making a quick commission. The real estate business is about building strong relationships with people both in and out of the industry. This may sound like a cliché but you have to live, breath, eat and sleep real estate if you want to be successful at it.

If you still believe you have what it takes to become a successful real estate agent after reading this article, then this may be a good career choice. However, if you still think that you have an easy road ahead of you to become a superstar agent, you may want to do some more research and maybe even talk with a few realtors and ask them how it’s going before you spend the time and money to start studying for your license.

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