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Home Inspections

Publicado el por Jenny Zamora

A home inspection is a very important part of the home buying process. Some buyers will try to avoid paying for one to save money. This decision can turn out to be a very costly one.  As your Orlando Realtor, I always recommend, better yet insist on one. Can you imagine closing on your new home without an inspection to find out the week after you move in that the AC unit and water heater were not working properly? Oh no! This alone will cost thousands of dollars in repairs.

Your Agente inmobiliario en Orlando will have a specific number of days to order the home inspections, this will be disclosed on your executed sales contract. The typical timeframe is 7-15 days from the date of acceptance.

It is crucial you complete the home inspection, you want to know as much as possible about the home before you purchase.

Another necessary home inspection is a WDO (wood destroying organism) termite inspection.  Visible wood rot is usually a sign of termites. In some cases, this is easily corrected. I recommend this, especially in older homes. You might also want to get a termite bond.

Once all home inspections are completed you will receive a thorough report detailing all items that need to be addressed. Whether it be that it needs to repair or replaced or maybe just needs maintenance. You will have enough time to review and discuss any repairs with your Agente inmobiliario en Orlando.

Quick story, I had a client that insisted he did not need a home inspection as the home had been completed remodeled by the sellers and they had checked everything themselves, so I had to leave it alone after weeks of trying to convince them. A few days before closing we go back to complete the final walk-thru, not only were none of the appliances working but all the windows have been shut closed with screws. What a disaster.

Fortunately, the sellers were very understanding and corrected all issues. This is not always the case…

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Top 5 Hints for Future Homeowners

Publicado el por Jenny Zamora

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I know it can be very difficult to find the right home. I know this from my 12 years of experience in the Orlando Real Estate Industry. I have worked with thousands of homeowners and every situation is unique.

There are so many factors that one has to consider before signing that contract.

The most common concerns are school zones, public transportation, hospitals, easy access to major roads, and of course employment. What’s the traffic like at 7 am and then again at 5 pm? How long of a commute to work and back?

You want to make sure your Orlando Real Estate Agent is very knowledgeable when it comes to the specific area or community you are interested in.

When you as a buyer start looking for a home you must have narrowed it down to a specific area. This could be due to a job relocation, new job opportunities, maybe the kids are in college and you want to be closer. The list goes on… Whatever your motive is to buy a home, this will be one of the biggest decisions you will ever make.

Now that you have decided on the area, you want to pay close attention to details such as property taxes and the homeowner’s association or as we all know it, HOA dues.

This is a big factor when choosing a home, as this will have a significant impact on your monthly mortgage payments. The higher the property taxes, the higher your mortgage payment will be. You also have to remember to include the homeowner’s insurance.

The cost of the homeowner’s insurance will depend on the home. The year of the home, smoke alarms, year of the roof, basically the overall condition of the home.

Your Real Estate Agent should be able to provide you with a list of vendors in your area in order to facilitate the process.

Call me right now and let us find you the Home of Your Dreams!!

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Ravaudage Residential Project Stops

Publicado el por Jenny Zamora

The construction of the mixed-use Ravaudage project at US Highway 17-92 and Lee Road in Winter Park has stopped. It is being said that the 73-acre development was halted partly, as its property-tax agreement was not accepted by the city. The agreement, as the Bienes raíces en Orlando developer Dan Bellows says, would finance the public road and utility improvements.

Requests denied

Bellows had publicly said that the project will, in all probability, not be completed without the approvals. Orlando city has consented to the request made by Bellows where he had asked for a distinct district of property tax that will be separate from the tax agreement he was not granted. According to Jeff Briggs, the Planning Manager of Winter Park, the city has given the proposal for reimbursing Bellows a $6 million amount as development fees concerned with the project.

In the meantime, Bellows said that he is considering choices to de-annex the Ravaudage. If this is done, approvals for the project would have to be given by Orange County and not Winter Park. The latter annexed the area in 2012.

Uncertainty over project

According to Bellows, he requires the government to support the project as a partner. Bellows is an old hand in such unique projects. He has redeveloped a number of properties at Hannibal Square located to the west of Winter Park. The city subsequently upgraded the area’s sewer service and roads in the area. Bellows is an Bienes raíces en Orlando veteran and has decades of experience under his belt.

Ravaudage has slipped in taking advantage of getting a stadium for the baseball team of Rollins College. A Whole Foods Market has also bypassed the project. Both the projects are situated in other parts of Winter Park. Unicorp National Developments Inc. and David Weekly Homes have landed contracts to construct at Ravaudage, but in the opinion of Bellows, both contracts are most likely to expire.

In construction news, Terry’s Electric Inc is managing about $10 million value of work in Publix distribution in Orlando. The company has landed a contract with the Whiting-Turner Contracting Co. The project covers about one million square feet of area. It is scheduled to be completed this autumn. Terry’s has also finished approximately $15 million value of work at the Universal Orlando Resort under contract with the Balfour Beatty Construction.

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Orlando Realtors Expect More Buyer Activity in the Summer

Publicado el por Jenny Zamora

According to a new industry report, sales of existing homes in the US, in the month of May, have been higher than previously anticipated. The nationwide phenomenon was confirmed by realtors from most of America’s big property markets leaving the real estate industry musing on better Summer prospects.

And why not? The sale of previously owned houses rose by 1.3 percent in May – marking the very first hike in 2014. On a per-year basis, sales of previously owned properties rose to 4.65 million nationwide. Further, the number of residential properties available for sale reached levels it hadn’t touched for nearly two years now.

The Orlando real estate market is not untouched by nationwide progress

The prospects couldn’t have been better for the Bienes raíces en Orlando market too. According to some of the top listing agents in Orlando, prices of residential properties in Orlando have slowed down due to increased inventory. More properties were listed in the month of April, affordability improved in the process – allowing more citizens to become homeowners.

Nation-wide, 2.29 million homes were listed in April, depicting a rise of 16.8 percent and the highest levels since August 2012. Availability is typically viewed as a dependable indicator of future sales. Bigger inventory, more listings, and improved availability suggest more sales activity in the coming months, listing agents explain.

2.29 million homes, for example, would take close to six months to sell at the current pace. When the inventory accounts for under five months of sales, the market is considered to be tight.

The spectrum of the real estate market is not all rosy but certainly better

Realtors are banking on sustained gains in employment, to increase consumer confidence and boost housing. According to 75 economists, who were surveyed by market analyst Bloomberg, sales of previously owned homes are expected to maintain a pace of 4.69 million. In March, the median pace was 4.59 – the weakest in two years.

Agentes inmobiliarios en Orlando also confirm another national observation made in the report – the strong influence of investors. Investors bought up condominiums in large numbers, fueling the April hike in sales.

And while the housing market still has a long way to go before hitting its stride, things are definitely improving. Compared to the sales closed in 2013, sales in 2014 were down by 7.3 percent. Further, many top Orlando realtors reveal that not many first-time buyers have been a part of the increased sales activities. There’s reason to remain hopeful however as the turnaround, though slow, is happening for sure.

 

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Testimonial For Jenny Zamora, Orlando RE Broker

Publicado el por Jenny Zamora

This is the story of Irene Mazza. When she first came to see us, she had a rental property that was costing her $150 per month and was ready to just let it go to foreclosure. We sat down with Ms. Mazza and explained her options to her. After hearing about all of the options available to her, she decided on a loan modification.

We’re happy to report that not only did we help her get her home loan modified, but she is now instead of losing $150 every month, she’s making  $300 per month on her rental property.

Don’t take our word for it, watch the video and you can hear it right from her.

Testimonial for Jenny Zamora, Orlando RE Broker

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