Tag: Jenny Zamora

Orlando Realtor- Seller Series part 1

Posted on by Jenny Zamora

This series is dedicated to Orlando homeowners that want to sell their property for top dollar in the least amount of time but aren’t sure how to get started.

 Over the next few weeks, we will be revealing a 6 step formula for selling an Orlando home quickly for the highest amount possible. This edition will serve as an overview of the steps that will be broken down in detail over the next month or so.

 You must first seek out an experienced Orlando Realtor with a reputation for getting the job. At our brokerage this person is known as a “Listing Specialist“.

 A Listing Specialist is exactly what it sounds like…a realtor that specializes in listing properties and nothing else. It’s no secret that if someone dedicates and focuses themselves at doing just one thing, they will become experts in their niche or their “one thing”.

A Listing Specialist will sit with you and discuss your time table for selling as well as the profit needed at the closing of the sale. They will also lay out the best plan of action to market the house and get the results you desire.

 Another critical step to selling your house is to price it right. Your realtor should prepare a detailed CMA [comparable market analysis] and go through it with you. This in-depth report of your home together with current market trends will help to determine what the highest listing price for your home will be.

 It’s then time to get the home ready for showings. You only one chance to make a first impression which is why it’s good idea to clean, de-clutter and even do some light staging if possible. A Listing Specialist can offer the seller tips on how to make the home look the best that it can without breaking the bank.

 Next, your realtor will help you to negotiate the offers that come in. Terms like contract price, contingencies in the contract, inspection periods, and closing date are all negotiable and an experienced realtor can prove invaluable in these instances.

 Once an offer has been accepted and a contract has been signed, you can start making plans to move out. You can count on your Orlando listing agent to be at your side at the closing table along with the buyer and the buyer’s agent and the title company. Once everyone signs the paperwork it becomes official and your you will receive your proceeds from the sale. 

Feel free to submit your questions or comments about this post below. For a quicker response, contact Jenny Zamora Lic Broker/ Listing Specialist at Orlando Realty Consultants at: 407-902-7750

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
TOC*

Kailey’s Ridge Update

Posted on by Jenny Zamora

Floor plans and pricing for Kailey’s Ridge in Hunters Creek are being finalized by both builders and are expected to be ready within weeks. With the entrance roadway now paved, construction moves to the next phase of development. The builders (Ryan Homes and Surrey Homes) will each control 50% of the 134 homesites and are scheduled to begin construction on the actual homes by the end of September or the beginning of October of this year. The development will cover about 53.4 acres of land.

Home prices are expected to run between the 3 to 4 hundred thousand dollar range and provide buyers with top-quality residences with some very attractive and functional floor plans to choose from. The plan is also to provide a rural feel to the community for future residents which is why at least thirty percent of the new subdivision will remain protected and unspoiled.

 Hunters Creek Roadways Will Remain The Same

As a follow-up to my last article about Kailey’s Ridge “Kailey’s Ridge Underway Residents React”  Many residents will be very happy to know that the roadway leading into Kailey’s Ridge will not be connecting to any other road. The plan was to have the road connect to either Osceola Pkwy or International Drive. There were even plans to connect the road to 535! As a resident and realtor in Hunters Creek, I’m glad that the Hunters Creek Community Association would not allow this to happen. Developers agreed to pay the  $2,700.00 per lot in order to be part of the HCCA. There will be additional fees to pay by the builders as well as the homeowners as the development progresses. 

About The Builders Of Kailey’s Ridge

THE POINTE AT HUNTERS CREEK

Ryan Homes

This builder has been building residential properties since 1948 and is known to be one of the top 5 developers in the whole U.S. They are known for providing quality homes to buyers with a personal approach. This builder will also be constructing homes that are Energy Star rated which will be a terrific value to homeowners that will cut down on monthly energy costs.

Surrey Homes

In the last 25 years, this builder has built over 5,000 fully customized residences. Their base is right here in Central Florida and over the years they have earned a lot of trust and respect in the industry. Surrey Homes is known for providing the best features, great warranties, and top quality at affordable prices. Their team has a combined 50+ years of experience building homes.

Kaileys Ridge

There’s no doubt that the construction of Kailey’s Ridge is and will continue to be an enormous undertaking until its completion. Hunters Creek is known for having beautifully and quality built homes with sharply designed landscaping. Expectations for Kailey’s Ridge are just as high if not higher than existing homes in the area.

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
TOC*

Avoiding Home Buyer’s Remorse

Posted on by Jenny Zamora

  Home Buyer’s Remorse

Have you ever bought something on the spur of the moment then later on you ask yourself.. “what was I thinking? I don’t even like or need it”. In most cases, you can usually return the items like an expensive shirt or an ugly painting as long as you have the receipt. However, if you paid cash and bought it from someone’s trunk in a parking lot, then you’re probably stuck with it.

 

 

Unfortunately, you can’t do this when you buy a home which makes the home buying process even more stressful. Purchasing a property is a big deal for any family. Not only is this is the place they will call home for years to come but is probably the biggest or one of the biggest investments of someone’s lifetime.

 

 

In today’s competitive housing market where you have bidding wars on a very limited amount of inventory, it’s easy to get caught up in the frenzy of wanting to be the one to “win” the home. Sometimes new homeowners will start to have serious regrets about the huge purchase they just made just days or maybe even hours after the closing. Oh No! What Have We Done!?

There are several things a potential home buyer can do to avoid going through buyer’s remorse…

 

Look at several properties that meet your criteria.

Even if you love the first home your realtor shows you it would be wise to visit several homes that meet or come close to meeting your criteria. Sometimes you think that you’ve found exactly what you’ve been looking for then you go see another home and you like it even better!

 

Don’t fall in love until the negotiations are done!

From my own personal experiences, I know this is a hard one to do but it must be done. Let’s say you put a fair offer on a home that you really like. Then after a few rounds of offers and counteroffers, the price has gone up another $30,000 more than what you can spend.

If you’ve already fallen in love with the house, then you are done…your mind will find a way of justifying the price increase and you’ll probably do whatever it takes to get the house even though you can’t really afford it.

Keep your best poker face throughout the negotiations. Tell your realtor what your budget is and stick to it! You’ll be glad you did.

 

Go see the home several times.

You should go and see the home several times before buying. Seeing the home only once before buying is a sure fire recipe for buyer’s remorse. Go through the home slowly and methodically, Open every door and window, walk through every room and leave no stone unturned.

 

I also suggest visiting the home at night for a another perspective. Don’t be afraid of bothering you realtor. Your real estate agent is getting paid to do their job, so make them earn it.

Make sure you have an inspection contingency.

Your best insurance is to make sure that there’s an inspection contingency in the contract. Some agents call it the “buyers remorse” contingency and it allows you to get out of the agreement if there’s a serious issue with the property you didn’t know before making your offer.

 

Hire An Experienced Buyer’s Agent

Enlisting the help of a realtor that is experienced in the area that you want to purchase in it will make your home buying experience much easier and even pleasurable. Let your agent know about any concerns or questions you have about a particular property or situation.

A good realtor will help you navigate through the entire home buying process as well as advise you of what to watch out for.

 

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
TOC*

Fannie Mae Short Sales Just Got Shorter

Posted on by Jenny Zamora

Fannie Mae

I believe that Fannie Mae, Freddie Mac as well as most all other lending institutions finally acknowledge the importance of the realtor’s role in the short sale process.

It seems like yesterday [back in 2004] when we started doing short sales. Orlando realtors like myself that specialized in doing only short sales dealt with frustration everyday.

Short sales were rare and many lenders weren’t equipped to properly handle the short sale process. And when you did complete a short sale, getting your hard earned commission from the lender at the closing was like pulling teeth. Thankfully, we’ve come a long way since then and most lenders are very aware of how to handle a short sale efficiently.

In 2008 shortly after the bubble burst in 2007, the US Department of Treasury introduced the Making Home Affordable Program aka “HAMP”.  The intention was to reach out to struggling homeowners that wanted to try and keep their homes as opposed to selling them via short sale or losing them to foreclosure. The program was extremely successful at what it was supposed to do which was help homeowners modify their mortgage so that they could keep their home.

By this time, “short sale” was a pretty common term for anyone who owned a house or anyone who watched the local news for that matter. Lenders were also getting used to processing short sales and even started offering several different “Cash for Keys” programs as an incentive to homeowners who agreed to short sale their home. Even though, overall, short sales are still complicated and time consuming many lenders have seen the light and have taken leaps and bounds in streamlining the the short sale process.

Fannie Mae [Federal National Mortgage Association] announced recently that they will attempt to assist listing agents that want to pursue a Fannie Mae short sale. In order to understand Fannie Mae’s new and improved process, you have to understand how short sales work.

 

What Changes Were Made With Fannie Mae Short Sales?

Fannie Mae just introduced a new website www home path for short sales .com. At the time of the listing, Fannie Mae will now provide list price guidelines. In addition, the agency will work directly with the listing agent or seller to get the 1st lien approval. The next step for Fannie Mae is to allow realtors to negotiate an offer directly through them saving us even more time.

 

Jennifer Zamora Orlando Realtor

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
TOC*

Orlando Mortgage Brokers Speak Out

Posted on by Jenny Zamora

Orlando Mortgage Brokers Spill Their Guts

Recently, top mortgage brokers in Central Florida were asked what their biggest challenges were in their industry. A few of them had this to say…

Some claim that the mortgage market still has ways to go before it fully recovers and that home sales are still below normal levels when you compare them to last year. Brokers feel that inventory levels still haven’t quite caught up with the demand. They went on to say that many people are still reluctant to buy because of the overall lack of confidence in the job market.  All of these factors have a tremendous impact on home purchases in Orlando. Some believe that there is a building demand from new families as well as baby boomers that want to move into a smaller space to begin their retirement.

A mortgage broker’s role is to help their clients understand the entire process involved with a mortgage and how to make sense of it so that they can become homeowners or refinance their existing mortgage. As an Orlando Realtor, I depend heavily on my relationship with a few select mortgage brokers that have proven what they can do through past transactions. It works the same way for them. I get a steady stream of short-sale clients from the mortgage brokers that I work with because they know that I’m an Orlando short sale expert and they can count on me to get the job done.            

  

Customer Service Is King …                                                                                                                                                                              Mortgage brokers would also be wise to really focus on making their customer’s experience a good one. I can’t tell you how many times mortgage brokers get blamed when something goes wrong at the closing table. Turn around time is key when you do mortgages and the most successful mortgage brokers are the ones that get the job done and get it done fast. Even though mortgage brokers take a lot of heat when something goes wrong at the closing table, People should understand that many times it’s completely out of the mortgage broker’s hands.

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
TOC*