How to train your Orlando Buyer’s agent

For first-time homebuyers in Orlando, it’s imperative that they’re able to communicate to their real estate agent exactly what they’re looking for.  This will save the potential home buyer as well as the Realtor a lot of time. It may seem like an easy task but you’d be surprised at the lack of communication that goes on between Orlando buyer’s agents and their own clients.

Here are some helpful tips on how to make the most  of your agent buyer relationship

Be clear on what your wants and needs are. The more details that you’re able to provide your agent with like; How many bedrooms and bathrooms, how many sq ft? what neighborhood or subdivision you want to live in? are you interested in Orlando short sale homes? etc., the less time you will waste on looking at houses that don’t meet your criteria. With all the technology available to real estate agents these days,  they are able to eliminate a lot of the leg work by searching for homes for sale online. A good buyer’s agent will do more than just search the MLS, they will also search for homes that aren’t listed on the MLS like FSBOs [for sale by owner]. They do this by extending their search to craigslist, and newspaper classifieds, and even by driving around in the neighborhood where their buyer wants to live.

Be demanding…in a nice way.  Real estate agents want to close deals so that they can get paid. However, agents also want to be the “Hero” when it comes to finding the perfect house for their buyers because they know that if they do their job well, they will probably get more clients from the buyer’s friends and family. It’s OK to be a demanding buyer, I mean you’re about to make a huge investment by buying a house. However,  you should also be nice at the same time. The last thing you want is for your agent to have you on their “Difficult Client” list. This may negatively affect your relationship with your real estate agent and they will be less interested in finding your dream house.

Be responsive. Good real estate agents work very hard for their clients and there’s nothing more frustrating to an agent than when they spend time searching for the perfect house for a buyer then that buyer doesn’t return their call or email and they end up losing that house to someone else. By being responsive to the agent and returning their calls or emails immediately, this will most likely create a reciprocal effect and the agent will be just as responsive to you as you are to them. This will also give you the upper hand if you need to tell your agent to be more responsive to your messages.

Be honest with your agent. If your real estate agent finds you a house that meets all your criteria but for some reason, you still don’t like it, then you need to tell them. Don’t be afraid to hurt the agent’s feelings, it’s not their house. Remember that this is about you [the buyer] first and foremost, therefore it’s the agent’s job to make you happy. If you can’t be honest with your agent, then you probably won’t end up with the house you want and you will end up settling. Would you lie to your doctor about what hurts? Of course not because you want results!

Evaluate your agent. Not all real estate agents were created equally, therefore you should evaluate your agent’s performance after a week or two. Ask yourself these questions

     a. Has your agent shown you houses that meet your criteria?

     b. Has your agent been responsive to your calls or emails as you are with them?

     c. Are you happy with your agent’s performance so far?

If you can answer yes to these three questions, then you may want to hang in there. However, if you feel that your agent is neglecting you or they just aren’t getting the job done as per your expectations, then I would say it’s time to find another real estate agent to represent you.

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Orlando Pocket listings are back

You know the Orlando real estate market is strong when you start hearing the words “Pocket Listing” being spoken again. The term “pocket listing” refers to when a real estate broker has a listing agreement with a seller, but it isn’t advertised in the Multiple Listing Service or anywhere else. With pocket listings sometimes sellers may request for there to be a very limited amount of marketing for an agreed-upon amount of time.

Pocket listings are very popular with the “rich and famous” or just “rich”. Typically, high-end sellers don’t want hundreds of people walking through their houses. But with supply and demand being what it is in today’s Orlando real estate market, pocket listings aren’t just for well-to-do clients anymore. Because buyers are outnumbering the amount Orlando homes that are for sale by far, pocket listings are becoming a lot more common among more moderately-priced homes as well.

One of the problems in using the MLS in a hot market is over-exposure.  I’ve had some of my clients complain of realtors knocking on their door wanting to show the house without even bothering to make an appointment, this can be extremely annoying to homeowners that live on the property. Some agents prefer pocket listings just to avoid the hassles of the MLS. It can be a nightmare getting a million phone calls a day for the same property. Other realtors push for pocket listings with the sole intention of securing both sides of the commission. Of course, these terms must be discussed and agreed upon by the seller beforehand.  

A broker must explain exactly what a pocket listing is to the seller as well as fully inform the seller of the cons as well as the pros of pocket listings the broker could face legal allegations that they failed to enter the property in the MLS and caused the seller to have a limited ability to attract the highest and best price for their house. It could as lead to accusations of housing discrimination. In some cases, real estate agents try to convince sellers to use pocket listings so that they can secure both sides of the commission by representing both the buyer and the seller in the transaction.  If an agent puts their own financial gain ahead of the seller’s it’s illegal and they run the risk of being prosecuted for it.

As an Orlando Realtor, I personally would never recommend pocket listings to sellers. It’s just common sense, if you limit the amount of exposure of something you’re trying to sell for top dollar, then you have a much less chance of getting the best price. Would you try and sell your car by not advertising it or only telling certain people? Of course not! I get the whole celebrity thing with pocket listings but thankfully I don’t have any celebrity clients and I’m free to market my listings to the fullest extent of my capabilities.

If need to sell an Orlando property fast and for top dollar, visit us at https://orlandorealtyconsultants.com or call 407-902-7750

Jenny Zamora, RE Broker

Orlando Real Estate Broker

 

 

 

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4802 CAYVIEW AVE # 30814 – ORLANDO SHORT SALE – CONDO

4802 CAYVIEW AVE # 30814 – ORLANDO SHORT SALE – CONDO-

VIDEO https://orlandorealtyconsultants.com/

Located in VISTA CAY AT HARBOR SQUARE

1,247 Square feet
3 Bedrooms
2 Bathrooms
Community Pool
Fitness Center

To see these or any of our other listings. Visit https://orlandorealtyconsultants.com/ or call us at 407-902-7750

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Apopka Short Sale | 1662 SCRUB JAY RD, APOPKA

Apopka Short  Sale | 1662 SCRUB JAY RD, 32703- https://orlandorealtyconsultants.com/ VIDEO

Beautiful Apopka home and in Great Condition.

4 Bedrooms
2 Bathrooms
Open floor plan with lots of space.
Formal dining
Large living room.
Move in ready!
This is home d is price right for  a quick sale. Don’t wait! This property won’t last long.

Orlando Realty Consultants is a full service Real Estate brokerage located in Orlando Florida which specializes in doing Orlando Short Sales and Foreclosure Prevention with a team of highly experienced short sale realtors on staff.

We provide Professional Real Estate solutions for both home buyers and sellers. Our diverse team of Orlando real estate experts have experience in all aspects of Real Estate. We will work with you to make your home purchases and sales process as simple as possible, while providing you with the most up-to-date information of your transaction process as it develops.

Trusted Buy Your Neighbors Since 2005

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Four-point inspection vs. Full-home inspection

Different Home Inspections From A Realtor’s Perspective…

Every homeowners insurance company requires either a four-point inspection or a full-home inspection before issuing an insurance policy to the new homeowner. These inspections are designed to protect both the insurance company as well as the buyer by exposing any existing issues or damages prior to the sale of the property.

The four- point inspection focuses on four main areas of interest in a house

  *  HVAC (Heating, Ventilation and Air Conditioning)

  *  Electrical wiring and panels

  *  Plumbing connections and fixtures

  *  Roof

The reason why homeowner insurance companies require a 4 point inspection is to make sure that major components of the house are in good condition before they agree to insure it. This is especially true for older homes [25 yrs or more] since the chances of an older home having problems is much greater than a newer home. It’s for this reason that insurance companies have become increasingly reluctant to issue homeowner insurance policies. A good example of this would be a roof nearing the end of its life expectancy. Even though the roof isn’t leaking, you know just by how old it is that it won’t be long before it starts having problems.

 In this situation, the Insurance company would probably require the roof to be replaced before issuing the new homeowner a policy so that they can reduce their risk of liability that comes with a worn out roof. The same holds true for the electrical, plumbing and HVAC systems. If either of these items are in bad shape or poorly installed, then they could easily cause a fire or severe water damage to the house putting the insurance company at risk for having to pay for the repairs to be made to make it livable again.

The full-home inspection is a more complete inspection

A Typical Full-Home inspection includes:

*  Roofing- sheathing, shingles, flashing, vents, , trusses, etc.

*  Exterior/Interior – roof coverings, soffit, fascia, finishes, etc

*  Heating and Air Conditioning – ducts, temperatures, filters,

*  Electrical System – safety, GFI, wiring, breakers, receptacles, etc

*  Plumbing – supply, fixtures, water leaks, waste, etc

*  Appliances – Hot water heater, dishwasher, refrigerator, etc,

As you can see from this list, a full-home inspection is a much more in-depth process than the four-point. The inspector basically goes through the entire house with a fined tooth comb and reports anything that either may have a problem or which may cause a potential problem in the near future.  A good example of this is if there is evidence of past water damage, the inspector must determine if the proper repairs have been made or if the problem still exists.

The inspector should also check for potential safety issues like a  loose handrail, an electrical outlet installed to close to a sink, defective appliances, etc. This type of an inspection can sometimes take up to four hours or more to complete because of the amount of work that’s involved. Some defects are an easy fix, and once discovered, can be fixed before purchasing the home. However, when major issues are found, the buyer will usually try to get the seller to make the repairs prior to the closing.

After a home inspection in Florida, a written report is provided to the home buyer, lender, and seller. Minor or cosmetic defects might be overlooked by all.

It’s my duty as an Orlando realtor  to look out for my client’s best interest which is why I always try to encourage my buyers to order the full inspection as opposed to a four-point inspection. Sure, a full-inspection will cost more money but it could potentially save you thousands of dollars in repairs by detecting any problems with the house before signing a purchase contract. https://orlandorealtyconsultants.com/


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