Tag: Florida bargain property

Beautiful Orlando Property for Sale in the Meadow Woods subdivision

Posted on by Jenny Zamora

Orlando Home in Meadow Woods have the neighbor’s heads turning

From ugly duckling to beautiful swan, this two-story 2,000+ sq ft Orlando property home has been fully renovated from head to toe. One of my investor clients started on this remodel about 3 months ago and finished this week. As soon as you open the front door the property just says “Welcome,  Come on in! “.  The soothing layout is an open floor plan with a very well thought out and functional design including a large downstairs masters retreat with the remaining 3 bedrooms and bonus room on the second floor. Also located on the first floor is a spacious kitchen with a breakfast bar, formal dining room, and large living room with a pond view. This beauty has been 100% renovated using exotic granite countertops throughout, top-quality carpeting and ceramic tile floors, high-end fixtures, and stainless steel appliances.

This immaculate Orlando home is located in the very desirable subdivision of Meadow Woods off of Landstar Rd. which is close to public transportation, shops, restaurants, and attractions. Located on a corner lot, the fenced-in yard is enormous and the property has a pond in the back yard great for fishing and canoeing.

The beautiful landscaping consists of Large Queen palms, Seigo palms, roses, citrus trees, and several other flowering plants that I just don’t know the name of.

No Expense was spared when renovating this Orlando property

The inside of the house was completely remodeled using exotic granite throughout, high-end fixtures and stainless steel appliances, top-of-the-line carpeting, and tile. My client knows that the key to a successful re-hab is to make everything look perfect giving the buyer absolutely nothing to complain about.

By using earth tones and not skimping on kitchen and bathroom cabinets as well as countertops, you are giving yourself the best chance to sell the property quickly. Pricing Orlando real estate correctly is crucial in order to get the property sold quickly, that’s why we do a complete market analysis before listing any of our Orlando homes.

Sell A house in Orlando

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Frustrations Increase among active Orlando Real Estate Buyers

Posted on by 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 Orlando real estate. 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 Orlando real estate 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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2012… Year of the Orlando Short Sale

Posted on by Jenny Zamora

Will 2012 be the Year of the Orlando Short Sale? 

Since mid-2006, residential values in Florida have declined by 51 percent. Hundreds of thousands of properties have been, or are, in foreclosure and huge numbers of homes have been repossessed. Check out these numbers for the state of Florida.
• 150,000 residential properties in Florida have been repossessed, and are now REO’s.
• 371,000 foreclosure cases are open in courts today.
• 530,000 residential mortgage loans are at least 90 days past due and in default.
•265,000 homeowners have not made a mortgage payment in more than two years.
•1 million residences are in some form “distressed,” whether in foreclosure, owned by banks or in default.
• 46 percent of mortgages are “under water” … in other words, the debt exceeds the current market value of the residential property.
809,… this is the average number of days to process a foreclosure in Florida — It’s easy to understand why Orlando short sales have become so popular with both lenders and sellers, because are the best option for both parties and they create positive movements in the total market.
Will 2012 be the Year of the Orlando Short Sale? I think so, I also think that 2013 might be an even stronger Year of the Short Sale in Orlando because of the volume of pending foreclosures.

There was a group of 150 people that consisted of analysts, lawyers, bankers, real estate agents and developers who attended a forum that more lenders are warming to short sales. They all agreed that distressed homeowners are overcoming their psychological hurdles and coming to terms with the financial implications of an Orlando short sale.

Although, the impacts of Orlando foreclosures and short sales and the fear of more to come are still a threat and prevent value appreciation from returning to its previous levels, there are still some positive signs of growth in the market.

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Google Maps, A Great Tool When Looking for Orlando Properties

Posted on by Jenny Zamora

If you’re looking to buy a new home or investment property in Orlando, the first thing you should do is consult with an Orlando Real Estate Professional. In addition to hiring a top Orlando realtor you can be doing some research on your own by using Google Maps. It has never been easier to obtain information about a property, like surrounding businesses, schools, etc. Google maps  becomes especially handy when you’re looking at properties outside of your area.

The number one reason to utilize Google Maps when looking for a new home outside of your area is that it is free. All you have to do is log onto Google Maps and type in the address for the property you are considering purchasing. Instantly you will see a map view of where your home is located, complete with street names and some of the surrounding businesses. You can often determine everything from the nearest grocery store to nearby schools. You can then click “directions” to quickly find the directions from the home you are considering and other areas of interest such as work, school, and shopping. How cool is that?

Satellite View Feature

Along with the map view of Google Maps, you can also click “satellite” on the upper right hand corner of the screen in order to see an actual satellite view of the area. Zoom in to see details such as the neighborhood layout. Plus, some addresses will even enable you to take a street view of the property providing you with a better idea of what your home looks like from the road. While utilizing the satellite feature, you can also determine the general neighborhood condition, including the upkeep of nearby homes. However, when opting for the satellite version of the map it is important to remember that it does not stream live so sometimes the maps are often rather old. All in all, Google Maps is a great asset when looking for a new home.

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