Tag: Agentes inmobiliarios de Orlando

Over 700 New Businesses Crop Up In Central Florida in a Month

Publicado el por Jenny Zamora

According to records maintained by the Orlando Business Journal, Central Florida and Orlando real estate area was home to 714 new businesses, all in the very first month of the New Year. The weekly newspaper company collected public records around Central Florida and found that in the month of January 2014, a total of 714 new businesses covering a wide spectrum ranging from smaller hot dog carts or mobile food vans to the larger businesses like ad & marketing agencies and law firms, opened up in the area.

300+ new businesses in Orlando

Among the 714 new businesses in Central Florida in January, close to 300 businesses opened in Orlando. These include several restaurants, subcontractors, retail stores, wholesale stores, tile companies, administrative offices, air freight and attorney offices, wedding services,  delivery services, importers and exporters, event planners, auto sales, auto repair, car wash garages, cosmetologists, medical doctors, massage therapists, personal finance managers, graphic designers and photographers to name a few.

Residents can now eat out at the Schumanns Jager Haus LLC, Qarma Crepes or Bosphorous Turkish Kitchen LLC, shop at the Kiki Caribbean Market LLC, Bevfly LLC, Sweetheartz USA Inc., B&B Multi Services Caribbean Store or D Vapor, groom themselves at the European Wax Center, Pasarella Salon & Spa, A All About Hair Design, Fantastic Sams, Great Looks Salon, Khush Threading Herbal Salon, Next Cut or the Vamp Hair Studio, hire vehicles at I Transit International LLC or purchase from the Terra Firma Auto Group Inc. and Utuado Auto Sales LLC.

The locality now also has new clinics in the Florida Nephrology PLC, JML Diversified LLC, and Solutions Weight Loss to name a few as well as cooking instructors, chefs, a new community home- the 2 Heart To Heart Group Home Inc., private investigators, psychic readers and NGO offices to name a few.

Orlando realtors are hopeful the housing market will flourish

Real estate agents in Orlando attribute the city’s growing reputation as an industrial center to the impressive setup of so many new businesses in one month. According to realtors in Orlando, even though Florida no longer provides moving incentives to entrepreneurs and businesses, the state’s economy and real estate market, in particular, have benefited from the slow but steady growth of the U.S. job market.

The tight supply of homes and improved interest rates for mortgages has improved the confidence of contractors as well as home buyers. As new housing settlements get chalked down, associated businesses begin setting up, and the two support each other simultaneously.

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Orlando Realtor- Seller Testimonial

Publicado el por Jenny Zamora

https://orlandorealtyconsultants.com/ VIDEO – client testimonial

This is the story of Gayle McKenzie. Gayle found our company online after being let down by another Orlando real estate agent who wasn’t able to help her out of a tight situation. She owned a beautiful house in Whisper Lakes that she was no longer able to afford and needed to get a short sale done on her home before the bank foreclosed on her.

After sitting down with Gayle on the first appointment, Jenny Zamora RE Broker, explained the short sale process to Gayle in detail making sure that she was aware of what to expect moving forward. After collecting all the documentation needed for a short sale, she submitted the complete package to the lender including a contract.

Within a few months, Zamora was able to negotiate with Gayle’s lender and got the bank to reduce a balance of $310,000.00 down to $163,000.00

Getting the house at such a steep discount made it easy to sell. Within one week of getting the approval from the bank, we had a solid buyer. Three weeks later we went to closing and Gayle was able to move into another house with the $3,000.00 relocation assistance that she received from the lender.

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Confidence in US Economy Rising Among Floridians

Publicado el por Jenny Zamora

 According to the findings of a new consumer confidence survey by the University of Florida, Floridians are now slightly more confident about the improving US economy than they were the last year. Released on Tuesday, January 28, the report found consumer confidence in Florida rise to 78, one point higher than the previous sentiment index.

The Florida Consumer Attitude Survey

For this statewide survey, the University surveyed over 400 residents over a two-week period from January 14 to January 28. The monthly survey conducted by the Bureau of Economic and Business Research of the University of Florida measures the mood of Floridians towards buying Florida real estate.

Survey takers have to answer two questions about the current financial scenario and three questions about the future exceptions they have about the financial condition of the state. These questions are repeated by the University of Michigan in its national (telephonic) survey.

Findings

To the first question of how the respondents (and their families) were getting along financially in the recent days and if they felt in a better financial position than their position a year ago, respondents revealed their sentiments were slightly lower – their sentiments fell a point below to 68.

The second question in the survey asked citizens their views about buying major commodities like stoves, televisions, refrigerators and so on for their homes. Their sentiment on whether it is currently a good time to make such purchases fell six points, from 91 to 85.

When asked how they perceived their financial situation to be, a year from now – the same, better or worse, respondents’ sentiments remained unchanged, at 78. They were however, clearly optimistic about the business conditions in the US as a whole, over the next 12 months. Their confidence that they would have good times financially jumped three points from 73 to land at 76 this time around.

Their confidence in the larger US economy for a five-year period was even higher. Jumping nine points, Floridians sentiments that the nation’s health would get better and better over the next five years measured at 83.

Implications

Chris McCarty, the director of the Bureau of Economic and Business Research’s Survey Research Center says 2014 is set to be a different year all-together for consumers. Since the real estate crisis of 2007, consumers have faced loss of homeowner equity, declines in stock market and crunchy budgets, but with the stock and housing markets recovering recently, the Federal Reserve is in a better position to purchase securities and treasuries to support the US economy.

How This Affects Orlando Real Estate

Orlando is one of the biggest housing markets in Florida and because of the improving economy in Florida, Agentes inmobiliarios en Orlando are expecting a substantial boost in the Orlando real estate market. Even if the market continues on a positive trend,  I don’t believe that we’ll see a market with overinflated home prices to the extent of what we saw in 2006 or at least I hope not.

 

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New Consumer Protection Rule Requires Lenders to Disclose Appraisals and Valuation Data to Mortgage Applicants

Publicado el por Jenny Zamora

January 18th saw the kicking in of new appraisal disclosure regulations – strengthening the sentiment of prospective property buyers and sellers alike. This new consumer protection law may help the Orlando real estate market to bloom further and listing agents in Orlando and other emerging US real estate and property markets are looking forward to witnessing the change.

Under the new rule, prospective buyers have the right to demand and receive a free copy of the appraisals, reviews, and details of computer valuations used for their mortgage applications from their lenders.

And what does this mean for consumers? They can make use of increased information and insight about the processing of their mortgage applications to their advantage. For instance, homebuyers who feel they were unjustly denied an appraisal would now have better proof, more time, and stronger ammunition to challenge the erroneous appraisal.

Key aspects of the new disclosure rules

The new rules currently apply only to first loans. Home equity loans or second mortgages are not covered under the appraisal disclosure rule but reverse mortgages and construction loans fall in its jurisdiction.

Central Florida and Orlando realtors are hopeful the new rule will help buyers contest wrongful processing of mortgage applications and increase their purchase power.

Key features of the new rule include:

* Lenders must inform mortgage applicants that they would promptly receive a copy of any appraisal that is valued for them, within three days of receiving the mortgage application from the consumer.

* Consequently, lenders must provide free copies of such appraisals and valuations.

* They have until three days before the closure of the loan, to provide the free copies of appraisal reports, valuations, and other proceedings. The Consumer Financial Protection Bureau however suggests reports to be sent as soon as they are completed, or three days before the loan is due to close, whichever comes earlier.

* This essentially means, home buyers are entitled to receiving their copy of the valuation and appraisal report, even if lenders fail to close their loans.

The Bureau provides lenders the option of asking a consumer to opt-out of the 3-day deadline. A consumer who agrees would thus receive his copy of the report at the time of closing of the mortgage. On the other hand, a customer who does not waive the deadline must be provided with his copy, within the stipulated time.

Orlando real estate agents feel the new law will help Orlando residents review the data used by the appraiser and contest faulty appraisals – increasing their confidence in seeking mortgages to purchase the property.

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Florida Water and Land Conservation Bill to be Put up for Voting on November Ballot

Publicado el por Jenny Zamora

Voters from Florida are now going to decide whether or not the Water and Land Conservation constitutional amendment should be passed, during the November 2014 ballot.

On January 16, the Water and Land Legacy of Florida – the group seeking to push through the proposed amendment, announced that it had received the number of signatures required to put the amendment proposal up for voting on the November ballot.
About the Water and Land Conservation constitutional amendment

The amendment seeks to set aside $10 billion from Florida’s state funds for the purpose of land and water conservation, over a period of 20 years. Conservationists began pushing for the amendment after the government slashed funding reserved for the Florida Forever program.

The program, which aims to purchase and manage critical pieces of land that are environmentally endangered, received most of its funding from taxes on real estate purchases and leases before the slashing of funds. The proposed amendment makes no attempts to increase the real estate spending tax and has revived the approval of a majority of the real estate agents in Orlando and Florida.

Florida’s Division of Elections website mentioned that the Water and Land Legacy had in fact overshot the required number of signatures by 2,822 by submitting an impressive 685,971 signatures on Thursday morning.
Improving land and water quality will have various positive implications

Water and land quality issues impact multiple areas of Florida’s economy, including the real estate market. In booming markets like that of central Florida and Orlando, environment-friendly campaigns like the protection of natural areas and water sources go on to boost consumer sentiments in real estate investments.

These programs also attract prospective home buyers to the neighborhood, and Orlando realtors expect to see increased activity in the Orlando real estate market. With the Water and Land Legacy group surpassing signature thresholds in 15 of the 27 Congressional districts of the state of Florida, it is clear that residents are growing increasingly concerned about the water quality issues in the state.

Will Abberger, Chairman of the campaign launched by the organization said the amendment would focus on spending funds to acquire new pieces of conservation or recreation lands, manage the existing ones and protect land and water sources that were critical for freshwater supply, in a bid to restore degrading natural systems in and around the state.

The Senate has already started working on a $220 million funding package that would be used to improve the water quality of the Lake Okeechobee and Everglades. There also exist several other spending programs in the pipeline and come November 2014, the people of Florida will put the Water and Land Conservation Amendment in action if 60 percent of the total voters pitch their votes in favor of the bill. https://orlandorealtyconsultants.com/

 

Orlando Real Estate Broker

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