Tag: Jenny Zamora

Orlando Real Estate Market Still 5th In The Nation

Posted on by Jenny Zamora

Real Estate In Orlando Remains In Top 5 Markets For Investing

Are you looking for a great market to buy residential investment properties? Well, nothing’s a sure bet in this life, but the Orlando Real Estate Market  is one of the best in the nation for investing in single-family homes right now.

According to a list of the top twenty real estate markets for investing in the nation, Orlando comes in 5th place overall and number one in Florida.

The criteria that was used in determining was based on the growth of the population as well as job growth. Both of these circumstances are ideal for investing in single-family homes. All twenty of the markets that made the list increased in population by 2%.

 

Top 20 Real Estate Markets In The U.S For Investing:

  1. Austin–Round Rock, TX
  2. Houston–Baytown–Sugar Land, TX
  3. Raleigh–Cary, NC
  4. Nashville–Davidson–Murfreesboro, TN
  5. Orlando, FL
  6. Boise City–Nampa, ID
  7. San Antonio, TX
  8. Denver–Aurora, CO
  9. Charlotte–Gastonia–Concord, NC
  10. North Port–Bradenton–Sarasota, FL
  11. Oklahoma City, OK
  12. Phoenix–Mesa–Scottsdale, AZ
  13. Seattle–Bellevue–Everett, WA
  14. Dallas–Plano–Irving, TX
  15. Oakland–Fremont–Hayward, CA
  16. Fort Worth–Arlington, TX
  17. Las Vegas–Paradise, NV
  18. Salt Lake City, UT
  19. San Jose–Sunnyvale–Santa Clara, CA
  20. San Francisco–San Mateo–Redwood City, CA

 

Real Estate Agents In Orlando Are Elated!

Making #5 on the top twenty list in the nation is great press for attracting even more investors to the Orlando real estate market and Realtors in Orlando couldn’t be happier! Overall, most realtors have been busier this year when compared to the first quarter of 2014 and it’s because of the investor-friendly market we’re experiencing right now. Top Orlando Realtors are extremely busy right now with both buyers and sellers and will have to work even harder to keep up as we get further into 2015.

 

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Finding That Perfect Orlando Neighborhood

Posted on by Jenny Zamora

Choosing an Orlando neighborhood to plant your roots and live out the rest of your life is a huge deal!  Choosing the actual home in which you want to live is equally important. This will be the place where you and your family will create memories for many years to come.

Homebuyers need to consider many things before when deciding on which home to buy; like becoming part of a new community, so you need to make sure it’s a good fit. So how do you know if the neighborhood’s a good fit for you and your family?

Here’s a 5 step list to help you decide what Orlando neighborhood is right for you.

1- Make your wishlist:

Make a list of the things that would make your ideal neighborhood and put the most important items on the list at the top and things you could live without towards the bottom. Things like the commute to work and good schools always seem to rank highly for most people.

Having a list of what you don’t want is also helpful like; being too close to a highway or living across the street from Walmart.

2- Online Research:

Like everything else these days, start your research online. Take the list that you just made and Google it! Start by typing in things that are on top of the list and work your way down, “Orlando Neighborhoods with the best Elementary schools” or “Orlando best neighborhoods for pets”, you get the picture. Once you get a feel for the neighborhoods that interest you, you can use our Florida home search tool to see a list of homes are for sale in the area just like a licensed realtor.

3- Time To Visit in Person!

So you’ve done as much research as any one person can do on a computer, now it’s time to check out the area in person. Check out the local schools, supermarkets, and restaurants, and drive around the surrounding neighborhoods at different times of the day. Talking with some local residents will also be helpful.

Are there enough parks? Is there a park for your dog? Is the homeowners association controlled by robots? Can you see yourself living here for the next five, or ten years!!?

All of these are valid questions that you should be asking yourself.

4-What’s the local crime rate?

Ok so you like the neighborhood that’s good but we’re not done yet. It’s time to find out about the local criminal activity, especially if you have children. Visit sites like https://www.crimereports.com/ which offer really cool interactive maps where you can view crime data in real-time. Concerned about sex offenders? You should be, visit http://www.familywatchdog.us/ to get a list of registered sex offenders in the area.

You can even take things a step further by visiting the local police dept. and having a chat with one of the boys in blue.

5-Check local school ratings:

Whether you have kids or not, you need to research schools. It’s a known fact that school districts are usually the biggest beneficiaries of property taxes. In addition, schools that are highly sought after will typically raise the value of the surrounding homes. Check sites like greatschools.org/is a great tool for finding the best-rated schools in the area.

Finding that perfect home goes much deeper than what’s between the walls of the house itself. Take the time to do your research to make sure that the neighborhood you choose would meet all or needs, or at least most of them.

If you need help finding your perfect Orlando neighborhood, I’m happy to help. Call 407-902-7750 or visit https://orlandorealtyconsultants.com/

 

 

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Bidding in a Hot Market

Posted on by Jenny Zamora

Buyers looking for that perfect home in Orlando are finding out that they need to prepare for a fight. Because of a hot market causing lower than normal inventory, hungry buyers are engaging in bidding wars every day. Bidding in a hot market can be a fight and lately, it’s been all about who’s quicker to the punch.  

In a seller’s market, homes sell super fast once they’re listed on the MLS. Getting your offer approved amidst all the competition can be a huge challenge. In this situation, many factors are just out of your control. However, there are certain steps that you can take to make your offer more attractive to the seller.    

When house hunting, you should enlist the help of an Orlando buyer’s agent as opposed to trying to go it alone. Weeding through dozens of homes by yourself that you find on the internet to find one that suits you just isn’t very fun at all. Once you’ve found one that you love, then it’s time to place an offer on it. Many buyers will already have a number in mind but if you’re not sure how much to offer, however, your realtor should be able to assist you in finding the magic number. Experienced realtors can prove to be extremely valuable in this situation by providing the buyer information about the area like recent comparables of other properties in the area.    

Tips on getting your offer accepted, Bidding in a hot market:

  • Get your financing in order. Speak to your mortgage broker or lender before you even start looking at homes. Knowing how much mortgage you can afford in addition to having a pre-approval letter will put you way ahead of the game. You should also know that being pre-approved and pre-qualified are two different things.

The difference between Pre-Approved and Pre-Qualified

  • Pre-qualifying for a loan basically means talking with your lender about your financial situation, income, etc. then the lender will give you an approximate amount of how much you SHOULD qualify for.
  • Pre-Approval includes submitting a loan application together with income statements, a list of assets, a list of expenses, etc. With a complete loan package in hand, your mortgage broker will be able to shop out a loan that would meet your specific needs. It also gives the seller peace of mind knowing that your contract is solid and won’t fall through because of financing.
  • Don’t submit a lowball offer! In a hot market, many properties sell above the listing price. Submitting too low of an offer is the best way to get your offer denied and you may not even get a chance to counter, especially if there’s another competitive offer on the table.
  • Give them a bigger deposit than they asked for. Putting down a larger deposit, allows the seller to see how committed you are to making the deal happen.
  • Eliminate as many contingencies as possible. If the seller has to worry about the buyer selling a home or appraisal value falling short, etc. Then the offer becomes less enticing to the seller. By keeping your contingencies to a minimum, the better your offer will look to the seller.
  • Pay cash. For most people, this isn’t even an option. However, if you’re able to submit a cash offer with a quick close then this will surely get your offer to the front of the line.

Even if you do everything on the list above, it still may not get your offer approved. But by doing as many things as you can to make your offer more attractive to the seller, you’ll know that you did everything in your power to get that offer approved. If it was meant to be then you’ll be living in your dream home real soon. If you find yourself in a bidding war with other buyers, it’s good to know that you have an experienced realtor in your corner.

If you’re searching for a “never say die” type realtor to help you find your Orlando dream house, contact us at https://orlandorealtyconsultants.com/contact/

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TOR 002: Will My Lender Come After Me For The Balance After A Short Sale?

Posted on by Jenny Zamora

In this episode, Lucille from Metrowest asks if her lender will come after her for the remaining balance of the deficiency between her full payoff amount and what the property sells for if she decides to short-sell her home. 

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Free Orlando Home Value Tool

Posted on by Jenny Zamora

The Orlando Realty Consultants team is now offering a free Orlando home value tool for homeowners that are considering selling their homes. This tool determines your property’s value by factoring in various details about the home including the current condition of the home, the square footage, upgrades, etc. All you have to do is fill in the fields on the home value estimator and within 24 hrs you’ll receive a free report prepared by a top Orlando realtor of what your home is worth in today’s real estate market.

This tool is a great way for both experienced homeowners as well as those people that just want to test the waters and aren’t really looking to sell. With new construction once again on the rise in certain neighborhoods, it’s the perfect time to find out what your house is worthwhile Orlando is still in such high demand.

Selling a home can be a very complex process and there are several factors that can affect your home’s value. For anyone in the Orlando area, our free home valuation tool is a convenient and very effective way for potential sellers to find out the true value of their home. These tools will also tell you what adjustments can be made by the potential seller to increase the home’s selling power.

Home Value Reports Prepared By Top Orlando Realtors

values

The biggest thing that sets our home valuation tool apart from other home valuation tools in the industry is that the report you receive from us is created by highly experienced Orlando listing specialists that work for us as opposed to receiving a generic report as you would get from Zillow and other similar companies.

The information that you submit goes directly to one of our Orlando listing specialists for completion. The agent then takes all of the info that was submitted and researches comparable properties in that same area. That’s why it’s important to submit as many details about the home as possible. Once the report is complete, it gets sent to the homeowner with absolutely no charge or obligation.

We also realize that some homeowners just aren’t ready to speak to a realtor which is why the agent will not contact the potential seller unless the seller requests to be contacted. Find out what your Orlando home is worth.

 

 

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