Tag: Jenny Zamora realtor

Smart Homes In Orlando, The Wave Of The Future

Posted on by Jenny Zamora

Thanks to technology, buying and selling smart homes will soon be the norm for Orlando real estate agents. This week Google made a $3.2 billion dollar investment in a company called Nest Labs, a company that designs and makes smart smoke detectors and smart thermostats. It’s amazing, smart technology is becoming available in just about everything you can think of. And if it’s not today, it will be tomorrow. With an estimated $19 trillion dollar market ahead, smart technology is like a locomotive that just can’t be stopped.

How Will Increasing Smart Home Technology Affect Realtors?

Agents that are able to embrace and love smart home technology will have the biggest advantage. The best way to do this is to learn the technology and practice using it whenever you get a chance. The way it usually works is that everything can be controlled by your smartphone through an app. You can now control things like the thermostat, window blinds, lights, locks, etc.

Real estate agents that are able to easily show their potential clients all the features of the smart technology while showing the house will have a definitive edge. Agents that are unfamiliar with the software won’t be able to show a buyer how to use it and a situation like this could possibly cost them a client.

Smart buyer’s agents will research the technology and find out what people love about it. There are many benefits that smart homeowners have like making sure the doors are locked from 800 miles away or being able to close the blinds because they forgot. Real estate agents should be able to educate their potential buyers about all the benefits that they will enjoy by living in a smart home.

Some buyers will be turned off by new technology, especially the 55+ age group. With these clients, a realtor will really have their work cut out for them in trying to sell them a smart home. The best thing to do here is to simplify things for them by making a simple guide that’s easy to use and understand. No one likes to feel less smart, especially to a house that they will be living in.

Even though I’ve only shown a handful of smart homes myself, it’s obvious that smart technology will continue to grow and get more and more popular in the world of real estate. Orlando realtors that are willing to embrace whatever comes their way, will be the most successful agents. Just like one of my very first mentors used to say ” If you’re going to make it in the world of real estate, you have to take what the market gives you”.

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New Listing In Whisper Lakes, Orlando! | 2223 Fairmont Cir

Posted on by Jenny Zamora

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Move-In Ready!  2223 Fairmont Circle. Orlando, FL 32837

Initially used as a model home for Whisper Lakes.  One of the biggest lots on the block.

This 1,623 square foot move-in ready home has been perfectly maintained and has all the features you could possibly dream of.

*  3 Bedrooms

* 2 Bathrooms

* Bonus Room

* Oversized Corner Lot

* Oversized Pool and Pool Deck

* Huge Fenced-in Backyard

* Mature Landscaping

* Wood-burning Fireplace

A Must See!

Hurry, It won’t last!  You have to stop by and see this Gorgeous Model Home. Oversized Lot and Oversized Pool on a Corner Lot in a Cul de sac.

Pool Access from Master Bedroom, BIG Closed in Porch, Perfect for ALL occasions. What else can you ask for?

The owners have made this a Beautiful Home just for you. Don’t wait, call Now and Make Your Appointment!

Visit https://orlandorealtyconsultants.com/   or call   407-902-7750

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Orlando Realtor- Seller Testimonial

Posted on by 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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English Style Gardens and Latin Amenities – Winter Park Village Is Going to Charm You This Year

Posted on by Jenny Zamora

The Winter Park Village is all set to gain a new Avatar this year and work on it has already begun. As part of the Winter Park Village revamping project, construction has begun on a new apartment complex in the Village.

The project

 

Set to have 204 units in total, the apartment complex will offer Class A apartments to renters. Within walking distance from the premium Winter Park Village, which is unanimously regarded as Orlando’s second-highest real estate submarket by Orlando real estate agents and short sale specialists, the apartment complex is expected to be a huge hit among well-to-do renters.

Many real estate agents have already begun receiving queries about the complex, which is estimated to cost around $30 million in its initial construction phase. Orlando realtors will have a good time looking for an area that boasts an occupancy rate of over 94 percent.

Winter Park’s own architect  ACi Inc. has designed the entire project except for the amenities which have been designed by Miami’s famed landscape architect, the Arquitectonica International Corp.

Put together by the best in the market

Several big players associated with the Orlando real estate market will be involved in the project. The Finfrock Construction Inc. has been roped in to finish the construction of the $2.8 million parking lot and reports suggest half of the work has already been completed.

The Castro Lifestyle Properties LP and Epoch Properties Inc. have ventured into the construction of the Winter Park Village apartment complex. Epoch Properties Inc. is a local favorite and has previously worked on several high-profile projects in Winter Park.

 

Major highlights

The $30 million projects is expected to create over 300 construction jobs while it lasts and industry insiders specializing in rentals have projected a median monthly rental of $1,174, per apartment.

Apart from the construction of 204 rental units, the Winter Park Village construction project entails the construction of a 325-space parking garage, for an estimated $2.8 million.

Developers Castro and Epoch have also signed an agreement with the city of Orlando to revamp existing parks and include a bridge at the water retention area. ACi Inc. has added further zing to the project by designing an area near Dennings Road that resembles an English-style garden. The pool area, as well as amenities designed by Arquitectonica International Corp., have a Caribbean/Latin vibe to them, increasing the property’s appeal.

Set to be completed by the fourth quarter of 2014, the Winter Park Village apartment complex is expected to reach estimated occupancy rates rather quickly.

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The Root of All Short Sales is a Valid Hardship

Posted on by Jenny Zamora

 

A borrower’s hardship still remains the main criterion in order for a lender to approve a short sale on a home. The simple explanation or definition of “hardship” is when someone is in “a state of affliction or misfortune” meaning that the borrower has gone or is going through something in their life whether it’s personal or financial that has affected their ability to continue paying their mortgage. There could be countless reasons that someone could be going through hardship but there always seems to be a handful that we hear about over and over again.

Working as an Orlando short sale realtor for the past 8 years, I’ve heard hardship stories that have literally brought tears to my eyes. However, listening to some of these stories has only fueled my passion for wanting to help these people that are going through a valid hardship. I also help investors that are facing foreclosure on their Orlando investment properties for whatever reason, but there’s a world of difference between losing an investment property or two or three as compared to face losing the home that you live in with your family.

Generally speaking, it’s much harder to get a short sale approved on investment property, than it is on someone’s primary residence. The truth is that some lenders are just not interested in approving a short sale on a property unless there’s a legitimate hardship at the root of it. OMG!… Does this mean that some of these loss mitigation negotiators actually have compassion for people that really need and deserve it? I’m happy to say that, yes it does. In my experience, the majority of loss mitigation reps will actually read the hardship letter and factor it into their decision of whether or not to approve a short sale.

Here are some of the main reasons why people are facing financial hardship.

1. Reduction of income

2. Loss of employment

3. Medical problems

4. Divorce

5. A death or serious injury in the family

6. Having to relocate because of employment or school.

7. Business going under

8. Drug addiction

Financial hardship alone, however, is just not enough to get a short sale approved. The biggest reason is that the home must be worth less than the full payoff of the mortgage. If not, then the home could typically be sold as a traditional listing providing that there’s enough equity to cover the closing costs of the transaction.

Here’s a basic example that can be used as a template to create a hardship letter.

Dear Lender,

I’m writing this letter to explain why I am no longer able to continue making my mortgage payments to you.

[Here is where you want to write about your personal hardship in detail]

Also, current market conditions in my area have significantly deteriorated causing my home to be worth substantially less than what is owed on my mortgage balance. As a result, I’m asking that you please consider allowing me to sell my house as a short sale.

Kindest Regards,

Distressed homeowner.

Cash Back to the Seller at Closing

Assuming that all of the other criteria of the lender are met to proceed with the short sale, the borrower may also be eligible for relocation incentives from the lender. Programs such as HAFA [Home Affordable Foreclosure Alternatives] will actually pay the seller anywhere from $3,000 to $30,000 back at the closing depending on the situation.

 

 

 

 

Orlando short sale expert

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