Tag: Jenny Zamora RE Broker

New Development at UCF

Posted on by Jenny Zamora

The campus includes a 10-story, $112.3 Million Plaza on University Project

The UCF (University of Central Florida) community is transforming and it is transforming fast. With a host of shops, apartments, and restaurants in the pipeline, the campus community is preparing to charm its residents even more.

What is Underway at the UCF Campus?

In the first stage of development, the university campus will see a new resort-style apartment complex, a Wawa, and a 4 Rivers Smokehouse. It will also witness the rise of a 10-story “Plaza on University”, which is being referred to as the university’s most ambitious project by Orlando real estate industry insiders.

The development of new restaurants and eateries comes as no surprise. The University Boulevard has been adding a new restaurant to its list, almost monthly. In the 24 months since 2012, the campus has become home to more than a dozen new eateries and a couple of shops.

The Plaza building will comprise residential apartments and retail spaces. Projected to cost around $112.3 million, the project when completed would cater to the housing needs of 2,200 university students, with a shopping center and a six-screen multiplex. The Plaza will also house a hot tub big enough to support 15 people, a couple of lap-style pools and resort-style pools as well as video-gaming parlors and lounges.

The Plaza that is expected to be built in the fall will also host Floyd’s Barbershop, Bar Louie, and BurgerFi. Orlando Realtors say that the new development projects have been aimed at turning the university campus into a small city so that students and faculty have access to all amenities.

The Enormous Growth is Both Good and Bad

The eight-year period from 2006 to 2013 was marked by economic turbulence that led to a crisis in the real estate market. However, top real estate agents note that the UCF area grew despite the crisis situation. 40 new residential buildings and around one million square feet of space for commercial leasing were added to the UCF campus – most of which happened in 2006 itself.

In the following years, growth slowed down, but revived in 2013 to reach a five-year high as Surf Skate, Lazy Moon Pizza, Burger21, and other stores were introduced to the campus. While Orlando realtors agree that the new developments have enabled nearly 50,000 people to find jobs in and around the campus.

The sprawling growth also has a downside to it. Locals note that the development is uncontrolled and has begun spilling into other areas of the city life and leading to congestion and traffic problems.

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Orlando Realty Consultants – Video

Posted on by Jenny Zamora

Are you looking for the best real estate professionals in Orlando?  Then we have exactly what you’re looking for… Top-rated real estate professionals in Orlando, FL.
With us, you can sell your Orlando home for Top dollar in the least amount of time. We guarantee results.  We work with buyers and sellers from around the world which enables us to reach more potential buyers for your home.

Orlando Short Sale Experts

Our team has completed thousands of successful short sales and they’re here to put their skills to work for you!

* Cashback to sellers:  We get our sellers an average of $3,000.00 back at the closing for relocation assistance.

* Outstanding Closing Ratio: We have a 98.5% close rate with short sale listings.

* Services are Free of Charge:  You don’t pay us a dime. Once we’ve completed your short sale, our commission gets paid by your lender.

* Results are Guaranteed: By asking you a few questions, we’ll know exactly what your best options are and present them to you.

Easy Exit Listing Agreement

There’s No Risk! By listing your home through our “Easy Exit Listing Agreement”,  you completely eliminate the chance of us not performing to your expectations. Our listing agreement allows you to cancel your listing at any time with no cancellation fee.

How Much Is Your House Worth?

Use our home value estimator located on our website to find out exactly how much will sell in today’s market. Receive your free market analysis within a few hours.

Search The Florida MLS Like A Pro!

Within a few clicks of your mouse, you’ll be well on your way to surfing the MLS as the professionals do…All from the comfort of home.

At Orlando Realty Consultants we understand that buying or selling a home is one of the most important decisions of your life. That’s why we go the extra mile to ensure that your home buying or selling experience is a pleasant one.

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CALL US AT 407-902-7750 FOR A FREE CONSULTATION.


 

Top Orlando Realtors

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New Orlando Listing! Condo For Sale in Metrowest | 2632 Robert Trent Jones Dr. #124

Posted on by Jenny Zamora

Priced to Sell! This unit is one of the Biggest in the building!


*1 Bedroom
*1 Bathroom
* 854 Sq Ft.
* Community Pool
* Fitness Center

Located in the highly sought-after Madison subdivision in Metrowest. This property is
very well maintained and move-in ready.

The Community Pool and Fitness Center is just across the street, making it very convenient to work out and go for a swim!

Call me to make your appointment TODAY! 407-902-7750

Orlando Listing,  Metrowest Condo | 2632 Robert Trent Jones Dr. #124 Video

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This Spring May Just be the Best Time to Buy a Home in Orlando

Posted on by Jenny Zamora

The Federal Home Loan Mortgage Corporation has some good news for all real estate buyers. Results from a new survey conducted by the Virginia-based government-sponsored enterprise, point toward a slight dip in the mortgage rates across all of America.

The spring buying season has commenced and decreased mortgage rates may be just the extra push that home buyers need to kick-start their spring purchases. The average rate of interest on a standard 30-year home loan reached 4.34 percent in the week beginning April 7. Only a week ago, the rates stood at 4.41 percent.

 What does this mean for Orlando real estate buyers?

Have you been thinking about purchasing a property in Orlando? It would make good financial sense to get started now. According to top Orlando short sales experts, mortgage rates are decreasing overall sectors. The average rate on standard 15-year fixed loans also dipped from 3.47 percent to 3.38 percent, the same week. These dips, though not enormous, are substantial nevertheless and present a good opportunity to make a residential real estate investment.

Fixed mortgage rates are not the only dipping bunch. Hybrid ARMs (adjustable-rate mortgages) also spiraled downwards slightly when compared to their rates a week ago. The rate for single-year ARM reduced from 2.45 percent to 2.41 percent. Five-year ARMs followed the trend, slipping from 3.12 percent to 3.09 percent in the same week.

With the industry heavily divided in its mortgage predictions for subsequent weeks, many realtors are encouraging prospects to gear up on their residential property plans. Real estate agents in Orlando have numerous listings on their hands, owing to the wide selection of residential complexes being constructed in the metropolitan area. Luxury apartments typically find buyers fast and disappear from the hands of listers in a shorter span of time.

What could the future look like?

The Mortgage Rate Trend Index saw 38 percent of analysts predict a steady decline in the rate of fixed and adjustable-rate mortgages over the next week. Another 38 percent predicted steady rates over the next few weeks. A total of 24 percent of participating analysts predicted the rates to rise in the next week. Realtors in Hunters Creek speak of the high spring buying trend in the metropolitan area – something they have been witnessing for years. They expect the spring buying season to be the same, asking potential buyers to make the best of the downward spiraling mortgage rates in the spring buying season.

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Real Estate Development near Orlando Fashion Square

Posted on by Jenny Zamora

Orlando is the hub for Hollywood-based theme parks, amazing nightlife, the world’s biggest multinational companies, and without a doubt, awesome shopping destinations.  The Orlando Fashion Square is one of the biggest and best shopping malls located in downtown Orlando and attracts many locals and tourists from around the world. It also has a cinema multiplex, owned by Premiere Cinemas which opened in 2005.

Orlando Apartment construction proposal near Fashion Square

Due to its prime location, real estate development near Orlando fashion square is on the rise. One Orlando real estate developer was interested in a site for the construction of a 450-unit apartment complex, situated near the mall. However, neighboring residents of Audubon Place condos raised concerns of accumulating traffic. Nearby residents, including city officials, said that traffic and congestion have to be taken into consideration before approval of any new construction, among other factors. Residents also fear that a four-story building will take away that neighborhood feel. Orlando is still deliberating on this subject.

Revamping of Orlando Fashion Square Mall

Orlando realtors are looking to establish a new building by Westin Hotel in the Orlando fashion square mall area, which is inviting a lot of speculation. The entire project, estimated at $25 million, and to be undertaken by UP Development Inc., includes revamping the entire property, relocating tenants, demolishing that area, and building the hotel lobby, restaurants, and a day spa, with the hotel rooms above that. Orlando industrial guru, John Crossman supports the addition of a reputed hotel inside the mall, as nowadays the trend of having boutique stores inside malls is slowly disappearing. Crossman gives three reasons why he believes a hotel inclusion is a smart move for the mall:

•    A hotel attracts more tourists who are willing to spend more money.
•    Hotel visitors are far less likely to return purchased items at the mall due to lack of time.
•    A hotel consumes a lot of retail space which is preferable since there is a lack of retailers.

With the revamp already in place, residents have already begun shifting. During the interior demolition of the mall, some tenants, like the Coliseum of Comics and Champs, were relocated into other spaces. The second story of the mall will now accommodate a new 17,049 square foot Strike Outs bowling arcade and a Hershey’s Shake Shoppe, owned by UP Development. The mall is also partners with Orlando Magic.

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