Tag: Agentes inmobiliarios de Orlando

The Best Short Sale Realtors in Orlando

Publicado el por Jenny Zamora

 Orlando is one of the prime destinations for home seekers in Florida and attracts home buyers from all over the country. It has a very hot real estate market right now. If you are looking to buy or sell a home in Orlando, you will be helped a great deal by the services of a top brokerage like Orlando Realty Consultants. They have been in the business for a very long time now and have gained a lot of experience. Being a full-service brokerage, they provide a range of services to their customers.

 Orlando Short Sales

A Short sale is a situation when a home needs to be sold for less than the full payoff of the mortgage note. This can happen due to a number of reasons, which mostly include some kind of financial hardship. In the case of a short sale, it is best to enlist the help of a short sale realtor. This is a real estate agent that specializes in doing nothing but short sales which means that they are very experienced in the short sale arena.  They have the resources needed to get the short sale done and usually have a buyer lined up to buy the house as soon as the short sale is approved.

 The end result of the short sale is that the buyer gets the house at a discounted price while the seller is able to sell his house and avoid having a foreclosure on his or her record.

 Short sale negotiation

 The negotiation of a short sale of a home can be a long and arduous process. It involves a lot of legal as well as paperwork. It can get very complicated for someone to do it themselves and is best to take the advice of an expert. Even if a seller wants to do their own short sale, they would still need to have a licensed real estate agent list the property for them as part of the bank’s criteria. Short sale negotiators provide all the necessary advice and bring know-how as well as experience to these situations.

 Depending on the actual situation at hand and the condition of the house, the short sale can typically be completed in a few months.  Experienced short-sale realtors do their best to finish it as soon as possible. They try their best to uphold the interest of the seller. However, in certain cases, delays might occur because of several reasons such as a clouded title or renovations needed to make the house habitable.

¡Mantengámonos en contacto!

Nuevo cliente potencial de formulario ORC

"*" indica los campos obligatorios

Este campo es para fines de validación y debe dejarse sin cambios.
Trastorno obsesivo-compulsivo*

Is Orlando Real Estate Still a Good Investment?

Publicado el por Jenny Zamora

Of late, there have been several bits of speculation and buzz that indicate that the Orlando real estate market is booming, with reports indicating decreased foreclosures, rising real estate prices, and a rising number of real estate sales. What we must ask ourselves is how stable is this current trend, and are we in promising times or living in a bubble that could end up in an economic collapse in times to come.

What’s changed over the last few decades?

In today’s economic and financial scenario, bank finance isn’t as readily available for Bienes raíces en Orlando as it was decades before. As individual investors, individuals are hard-pressed to secure bank financing for real estate investments. What then happens, is that the small investors in a hurry to make a sizeable profit invest their own funds, often investing entire life savings to purchase real estate in order to reap the benefits in due time.

However, this doesn’t turn out well in most cases, as these investors find themselves struggling with statutory regulations such as tax assessments and payments, insurance premiums, and other fees involved in purchasing real estate. As a result, they get trapped in a state of limbo, finding themselves without their life savings, and with a compulsion to sell at a loss to recover this money.

Additionally, investor groups are backing end-users into a corner by securing real estate using cash, as the end-users cannot afford to pay all associated fees and taxes since they cannot secure bank financing. Hence, investors will end up driving out these end-users or renting out properties. In the case of rent, there is no appreciation in the value of the property, as property values will improve only if there are people willing to purchase them and start living in them. With the constantly rising prices, these practices place a lot of financial strain on the already struggling end-users.

Why reports don’t tell you things the way you need to see them

Despite the recent reports about reduced foreclosures and rising prices, why is it still a bad idea to invest in Bienes raíces en Orlando?  This is because the reports don’t account for foreclosures that are dismissed due to lack of prosecution, which will not be accounted for until they are filed for again. Another possibility is that banks and similar financial institutions have a role in delaying foreclosures, simply to avoid the added burden of tax assessments and insurance.

¡Mantengámonos en contacto!

Nuevo cliente potencial de formulario ORC

"*" indica los campos obligatorios

Este campo es para fines de validación y debe dejarse sin cambios.
Trastorno obsesivo-compulsivo*

Orlando Foreclosure Discounts Shrinking

Publicado el por Jenny Zamora

Orlando Foreclosure properties just aren’t the bargains that they used to be. In August of 2009, the average discount on a foreclosed home was about 24%. As of September of this year, it’s now down to about 7% compared to what a home buyer would’ve paid for the same property in a conventional transaction.

Orlando, which is one of the cities that was hit the hardest by the foreclosure crisis has such a strong demand right now for properties that the discounts are pretty much gone unless the house is in need of major renovations. Our company specializes in Orlando short sales and I can tell you that just about every one of our listings receives multiple offers for the listing price or above.  It’s extremely rare these days that we get an offer that’s lower than the listing price because buyers know that it’s a very competitive market right now. As a matter of fact, about half of our properties end up selling for over the listing price.

Regular homebuyers [not investors] are the main reason for the increased demand for Bienes raíces en Orlando. Everyone wants to take advantage of the historic affordability, which means the combination between lower home prices and great mortgage rates. This doesn’t mean that you still can’t get a good deal in Orlando, but be prepared to submit multiple offers on multiple properties. It’s because of this that it’s much more work to be a buyer’s agent where you have to show multiple homes and submit multiple offers before you find what your buyer is looking for. It’s very common these days to go see a house that has been listed for less than 24 hours and find out that the home already has multiple offers on it.

Orlando Re-Habbers Still Turning a Profit

The average home buyer wants nothing to do with remodeling a home after they’ve purchased it. This is why there’s soo much competition for Orlando homes that are move-in ready. However, for the home buyer that is willing to roll up his or her sleeves and dive into some major home repairs, there’s still a profit to be made. There are some lenders that will complete the renovations on their own foreclosed properties before putting them back on the market, but most of the time they just want to sell them as-is.

Homes that are in need of repairs can still be good investment opportunities if you know what you’re doing. Using an experienced Orlando realtor to help with your search is highly recommended. It’s also important to know what repairs need to happen and how much the repairs will cost before you commit to buying a fixer-upper. Although profit margins are quite a bit smaller than they were a few years ago, a full-time rehabber can still make a decent living from flipping houses.

 

 

 

 

stop foreclosure

¡Mantengámonos en contacto!

Nuevo cliente potencial de formulario ORC

"*" indica los campos obligatorios

Este campo es para fines de validación y debe dejarse sin cambios.
Trastorno obsesivo-compulsivo*

Newer Homes Preferred by Orlando Real Estate Buyers

Publicado el por Jenny Zamora

 

 The real estate scenario in Orlando is a flurry of activities with new homes coming on top in a competition for the buyers. This has created a unique opportunity for the sellers, especially for those selling homes that were built in the 90s, with buyers indulging in a bidding war for these properties. As far as Orlando short sales are considered, the buyers seem to have a lot more negotiating strength when pursuing older properties compared to brand new ones. This is because when it comes to the new properties, they almost certainly get tough competition from affluent buyers.

Analyzing the trend

 The current trend seems to be driven by all sorts of investors, those that are aiming for resale, as well as rent. A report released last month suggests that these investors have been responsible for the inflation in the housing market in Orlando, as far as prime residential properties that were built since 1990 are considered. This could be partial because houses built over two decades ago are often considered to be less appealing as they are more likely to require upgrades and repairs. However, this is something that is not necessarily true as even newly built properties could be in a worse condition as compared to some of the houses built in 90s that are still in excellent shape. 

These older homes can also be highly appealing, especially in pristine neighborhoods in Orlando real estate. However, the overall demand for properties in Orlando has been for greater newer properties. Orlando real estate comprises of about 30% of the houses that have been built since the year 2000. However, only 34% of the sales have been taken place in this group. The report also suggests that a similar trend has been observed for houses that have been built between 1990 and 2000.

One of the distinctions between the newer and older neighborhoods is that most of the homes that are rich in equity are not listed for sale, as compared to houses in areas that have been heavily hit by foreclosure since 2008. Buyer interest for homes built before 1990 has only diminished further;. these houses, which comprise of more than 50% of the real estate properties in the area,  have only made up for as much as 41% of the sales recorded so far, reflecting a negative impact on the market.

 

Orlando Real Estate Broker

¡Mantengámonos en contacto!

Nuevo cliente potencial de formulario ORC

"*" indica los campos obligatorios

Este campo es para fines de validación y debe dejarse sin cambios.
Trastorno obsesivo-compulsivo*

Boom Time for Orlando Realtors as Apartment Demand Shoots Up

Publicado el por Jenny Zamora

At the moment Agentes inmobiliarios de Orlando are making hay. It is all in the numbers: the rate of apartment occupancy increased to 94.5% from 93.9% of the previous year. As per the Charles Wayne, Consulting Inc published semi-annual report of residential markets, more than 19,000 units have been taken on lease. The 2009 report for Orlando showed only 87.5% occupancy in the multifamily residential space. So figures indicate a sharp rise in real estate leases in the region.

The real estate picture in Orlando

The rate of occupancy increased in nine submarkets of Orlando. Three submarkets, however, exhibited a slight decrease in demand. Occupancy rates were seen to be highest in the Apopka market. Apopka boasted of an average of 97.1% occupancy in September this year. Osceola County and South Orlando also showed high demand.

There was a discernible softening of demand in the Winter Park, Maitland, and North Orlando region. Only 90.8% of the total apartment complexes were occupied. The data, however, incorporate new projects currently under completion. The Charles Wayne Consulting census collated data from about 660 complexes within the Orlando area.

Approximately 3,000 units are being leased each year in the Orlando region. More than double the number of units are being built every year. The rate of apartment buildings being constructed has at least tripled in the previous two years. About 7,124 units were under construction in September compared to 1,929 units that were being built in September 2012.

Sales and leases

The agente inmobiliario en Orlando, Sperry Van Ness Florida sold 9 acres of land on State Road 50 in the Clermont area for a sum of $1.27 million. The seller was represented by Miguel de Arcos, of the Lake Mary office, Sperry Van Ness Florida. The buyer was represented by Karen Wentzell of Schmid Properties and Centennial Bank N.A.

A lease of 11,500 square feet at 755 Rinehart Road in Lake Mary was signed by the Florida Hospital Medical Group. The group was represented by Sarah Castor of the Cresa Orlando. Approximately 3,000 square feet were leased by Night Lite Pediatrics at the Hunt Club Shopping Center in Apopka. The tenant was represented by Bill Bagley, Dunhill Properties Inc. Saul Holdings Limited Partnership, the landlord was represented by Coldwell Banker’s Alana Hogan.

 

           

 

 

¡Mantengámonos en contacto!

Nuevo cliente potencial de formulario ORC

"*" indica los campos obligatorios

Este campo es para fines de validación y debe dejarse sin cambios.
Trastorno obsesivo-compulsivo*