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Orlando Real Estate remains strong, despite a dip in prices at the end of summer

Publicado el por Jenny Zamora

 

Summer’s gone and Orlando Real estate takes a drop

Prices of Bienes raíces en Orlando dropped slightly last month for the first in a year. Don’t panic Orlando homeowners, this happens every year at this time. The reason for the drop is mostly due to the end of the peak of the summer buying season. Two facts remain true, Orlando real estate inventory is low and demand for great Orlando properties remains high. As long as these factors remain a part of the Orlando real estate market, sellers will be able to get top dollar for their Orlando Home.

Other factors indicating a strong Orlando Real Estate market

Orlando homes are selling faster and for more than they did a year ago. Studies show that Orlando homes are spending less than 80 days on the market before coming under contract and selling for almost  97% of the listing price. A year ago, Orlando Realty was selling for less than 95% of the listing price, and these properties were listed on the MLS for over 100 days.

Great mortgage interest rates are still being offered by lenders. The average interest rate currently being offered for Orlando home buyers is at 3.78 percent as opposed to a year ago when homebuyers paid an average interest rate of 4.26 percent. This is a huge incentive right now for potential Orlando home buyers and anyone interested in buying real estate in Orlando should definitely take advantage of these historically low-interest rates.

There are more regular listings in the Orlando real estate market than has been in years. Although Orlando’s short sales and REO’s still rule Orlando’s real estate inventory right now, there is another quieter group that is not desperate to sell their Orlando properties.  Believe it or not, everyone one in three homeowners owns their house “free and clear”. This group as well as homeowners with very small mortgages on their home are able to ask for top dollar on their Orlando home and they don’t care if it sells or not. Their way of thinking is “I will sell for the right price and if not then I’m not selling”. I’ve had several clients like this over the years, and homeowners like these actually help to maintain property values up in their neighborhoods because their listing prices remain high and they really don’t care how long it takes to sell.

Right now is  a great tome to sell your Orlando Home

Considering all the factors in play right now with Orlando Real Estate, it’s a great time to sell your home. Whether you need an Orlando short Sale done or you’re o of the few and fortunate people that own your property Free and Clear. If you’re interested in seeing how much your Orlando property will sell… click on “How much is my Orlando property worth?” or you can come and see me for a free consultation and I would be happy to sit and talk with you.

Realtor in Orlando, FL

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Frustrations Increase among active Orlando Real Estate Buyers

Publicado el por Jenny Zamora

Active Orlando Realty buyers are more frustrated than ever

People that are actively searching for an Orlando property are getting more and more concerned about rising prices on quality Orlando homes and they have every right to be. Inventory is at an all time low while demand is through the roof. Many of them have even decided to put their home buying plans on hold and have elected to remain in their current housing situation.

One of the biggest concerns right now is the lack of inventory in Bienes raíces en Orlando. Buyers get very frustrated when they find a property that they like only to find that there is already 10 offers on the table for the same property.

In Orlando there is about half as many homes for sale as there was this time last year. Some people still believe that prices will drop and are holding out for that “deal of a lifetime”.  Thinking that prices will drop in the near future is just not realistic and is just flat out not true.

The fact is that prices of Bienes raíces en Orlando will continue to rise for quite a long time. Sure you can still try to get a good deal on a house needing to be refurbished, but in that market you’re competing experienced Orlando real estate investors. Re-habbers make their living on buying properties, fixing them up and selling them for a healthy profit. If you think that competition is tough on the retail side of real estate, try competing with local investors. The wholesale market is just as competitive if not more than buying an Orlando home that is move-in ready.

 

Orlando homeowners are staying put

For homeowners who were on the fence about selling but really don’t want to, have reconsidered and have decided to remain in their home. They see what’s going on in the Orlando Real estate market and they are loving it.  There seems to never be a time when both buyers and sellers are pleased with whatever the market is doing. Sellers will always want top dollar for their home and buyers will always want to get a fantastic deal on a great property.  Let’s face it, Who in their right mind would sell right now if they didn’t have to?

 

Jenny Zamora, Lic Orlando Real Estate Broker

 

Jenny Zamora Broker

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Orlando Realty Prices Continue to Rise while Inventory Drops

Publicado el por Jenny Zamora

Orlando Real estate prices keep increasing as Inventory decreases

It’s becoming painfully obvious that when it comes to Bienes raíces en Orlando, it’s officially a seller’s market. The market is nowhere near as inflated as it was in 05′ 06′ , but we’re definitely moving in the right direction. For the 4th month in a row Orlando home prices continue to go up. This is great news for homeowners that have had their value cut in half during the past five years, whether or not this trend continues remains to be seen.

Most of our own listings at En Orlando Realty Consultants, combinamos más de dos décadas de experiencia en bienes raíces en Central Florida con investigaciones específicas de cada vecindario para ayudar a los propietarios a tomar decisiones con confianza. usually will have a solid contract on them within 5 days of putting them on the market,  sometimes we’ll even get a contract within that first day of listing them. More and more we are seeing multiple offers come in and most of the time the offers are above the listing price.

Orlando’s summer Home Buying season is in full swing

It’s that time of year again. The kids are out of school and people that have been wanting to buy an Orlando Property but didn’t want to switch their kids to a new school mid way through the school year are now actively searching for their Orlando home before the new school year begins. The evidence is in the numbers, median home prices are up 2.6 percent since April. This is proof that Orlando home buyers are on the hunt with a certain sense of urgency.

However, even with the increased seasonal demand and attractive interest rates, Orlando Realtors completed fewer sales in May than they did a year earlier. Orlando agents reported a preliminary count of 2,337 home sales last month, down 5.8 percent from May 2011

If you’re thinking of selling your Orlando Property, now may be the perfect time to do it. Finding a buyers for Orlando realty has never been easier. Sellers are finally back in the drivers seat for the first time since 2006. Find out what your Orlando Property is worth here

 

 

Jenny Zamora, Lic Orlando RE Broker
Serving the Orlando community since 2005
 

 

Sell A house in Orlando

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Buying Orlando Real Estate without an Agent Can Prove to be Costly

Publicado el por Jenny Zamora

Buying an Orlando Realty without a Realtor can Result in Disaster

 

Buyers loves to get a great deal on Bienes raíces en Orlando and there’s nothing that I enjoy more than to provide my clients with terrific Orlando homes at great prices. However, If you you don’t want to use a realtor, there are other options available such as bidding online for properties going to foreclosure or searching craigslist for motivated sellers.

Bidding at the Orange County online foreclosure sale.

It’s true that you can find a good deal at the auction on an Orlando property. Although, if you don’t do your research prior to bidding, there’s a good chance that you could lose big.
A family was recently bidding in an online auction on a foreclosed home in the Orlando neighborhood of Meadow Woods.  However, those bidders didn’t know they’re now on the hook for the previous owner’s mortgage.

The home went to auction on the Orange County Clerk’s foreclosure website, and someone bought their home for $16,000! What a deal right? Wrong!… the guy that bought the house online didn’t do his research until after he bought the house. It turns out that it was an HOA foreclosure and there was a mortgage attached for 200 thousand dollars. Can you imagine thinking that you just got the deal of a lifetime and then finding out that you inherited a $200,000.00 debt?  It’s like, “Oh, my God. What have I done?”

People have this misconception about the online auction where they think bidding on foreclosures is a lottery ticket. The truth is, many people end up losing money bidding on foreclosures.

 

Before bidding, you need to do a title search.

One of the problems with trying to get a house online is all that you have to put in a lot work to be successful. Spending a hundred dollars on a tile search can save someone from making one the biggest mistakes of their lives. Doing a title search is just one of the things you need to do. It’s always a good idea to go to the house even if you can’t get inside. Most of the time you won’t be able to get in but you can at least get an idea of what the outside looks like.

Unfortunately, disgruntled homeowners that have been forced out because of a foreclosure can sometimes take out their frustrations by causing severe damage to the inside of the house. I’ve seen houses with well over $20,000.00 in damages caused by angry homeowners and their favorite sledgehammer or golf club.

The moral of the story is this; If you choose to find a property without the help of an Orlando Realtor, make sure to do your due diligence or you could end up losing money.

 

 

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Orlando Realty’s Weekly MLS Market Report

Publicado el por Jenny Zamora

Orlando Realty’s Weekly Report for Home Buyers and Sellers

On behalf of Orlando Realty and our entire team of Orlando real estate professionals, we are proud to introduce a weekly report of market statistics of what’s happening in the world of Orlando real estate. This report provides up-to-date information to help educate Florida Home buyers and Sellers so that they can get a feel for the market and make educated decisions when it comes to buying or selling Orlando Real Estate.

Our research is done by our Los mejores agentes inmobiliarios de Orlando using Florida’s Multiple Listing Service.

Orange County from 4/27/2012  through 5/4/2012.

*  Number of Short Sale Properties Listed –                      83

*  Number of Short Sale Properties under contract-       187

*  Number of REO Properties [Bank Owned] Listed –   384

*  Number of REO Properties under contract-                  126

*  Number of Regular listings (By Owner)-                        205

*  Number of Regular listings under contract-                 203

*  Total Homes Sold in Orange County-                                 397

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