Tag: Orlando Bargain Property

Orlando Real Estate Agents are on the Move to in order to improve their earnings.

Posted on by Jenny Zamora

 Finding the best brokerage to work for proves challenging for Orlando Realtors

 

Top Orlando agents are always looking to maximize their earnings and sometimes this can mean switching to a another brokerage for a higher percentage split or a more desirable area. I went through the same thing myself when I first started my career as an Orlando realtor in 2004, working for several different brokerages until ultimately becoming abroker myself and starting my own company.

Orlando Real estate is an industry where it is common to see agents moving from brokerage to brokerage until they find the perfect situation for them to settle into, [which sometimes is never].  Most new Orlando realtors will usually stick with a brokerage for a while to see where it goes and if they’re not happy for whatever reason, it usually doesn’t take long for them to find another broker to hang their license with. Sometimes this will continue on for several years with some agents.
Just about every Orlando real estate agent will agree that the market has left its darkest days behind. So they want to be in the best position to enjoy the climb back up.  I can’t say that I blame them.
I believe that will we continue to see more and more agent movement as the Orlando real estate market works to fully turn the corner on the housing collapse of 2007.

Top Brokers seeking out top agents

Top Orlando Brokerages are always on the lookout for their area’s top agents so that they also can increase their earnings and make better commissions. The best realtors will always end up at a top brokerage sooner or later because they are mutually beneficial to each other which is why they are constantly seeking each other out.

Here at Orlando Realty Consultants we are no different. It has taken us several years to assemble the team of Orlando Real Estate experts that make us who we are today and we are always looking for Top Orlando agents to join forces with.

 

 

Jenny Zamora, Lic RE Broker

Selling A house

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Orlando Realtors Getting Creative trying to get New Listings

Posted on by Jenny Zamora

Orlando Real Estate agents are trying anything to lure new sellers and get the listing.

It’s no longer enough just to send out a few thousand post cards and wait for the phone to ring. These days Orlando real estate agents are getting more and more aggressive when it comes to marketing to new sellers. This is not only the case with Orlando realtors, real estate agents across the U.S. are doing their best to lure sellers into giving them the listing.

Some Orlando realtors host happy hours a local bars in hopes of picking up a new listing while others comb through public records to find out who has lived in their home for more than 10 years and may be ready for a change in scenery.  Bank owned properties that were once hitting the market like wildfire are on the decline. In the first quarter of this year, foreclosure filings were at their lowest level since 2007.

Orlando Homeowners are waiting it out

The once plentiful sea of available Orlando Real Estate is drying up fast, but Orlando sellers aren’t budging. Sellers know if they wait out the slow rise in home prices, that they can sell their home for more than it’s worth at present, leaving them closer to the original price they paid or at least closer to what remains on their mortgage. Some homeowners are even hoping to make a nice profit when they sell their Orlando property.

Marketing Orlando Realty Consultants

Here at Orlando Realty Consultants we have just about all the business we can handle from referrals. We get referrals on a daily basis from either past clients that we’ve helped, other realtors that need help with a short sale and even banks that we’ve established good relationships with over the past 7 years.

Like most successful Orlando Brokerages, we started by using traditional methods of marketing for buyers and sellers such as postcards, newspaper ads, etc. but it just got to the point where we just didn’t need to do it anymore. As a matter of fact, the only form of marketing that we do is this blog which is attached to our website, and it was never intended to be about marketing for more clients.  I started writing a blog so that people could easily get valuable information about Orlando Real Estate, which happens to be be one of my passions.

 

Jenny Zamora, Lic Orlando RE Broker. Ask me anything, I’m here to help.

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The HARP Program is a Real “Life Changer” for Orlando Homeowners

Posted on by Jenny Zamora

 What Is The HARP Program?

HARP is the Home Affordable Refinance Program. It was an initiative by the Obama Administration begun in 2009 to allow underwater homeowners to refinance their homes at today’s low mortgage rates. The program is currently available to homeowners through June 30, 2012.

If you are current on your mortgage, with or without equity, then you are eligible for this program and there is absolutely no reason why you shouldn’t apply for HARP. It doesn’t cost anything to apply and it could the answer to your mortgage problems.

The government continues to purchase mortgage backed securities and rates continue to fall and are near record lows.

HARP allows you take advantage of current market rates even if you are “underwater”. These programs are Financial “Life-Changers”. They are also available for a limited time as determined by congress so people need to act now to take advantage of this stimulus program, and lower their monthly payment and/or term.

We’ve helped many Orlando homeowners to qualify for the HARP program since 2009 when it began. Sometimes people will come into my office thinking that their only option is to sell their Orlando property by way of short sale or by bringing money to the closing table. When I sit down with a client I like to know why they are selling. If an Orlando homeowner tells me that they would love to keep their Orlando property and they’re only selling because they can no longer  afford the payment, I will usually recommend that they apply for HARP before trying to apply for any other programs.

For clients that truly want to keep their Orlando homes, we explore every option available to them to achieve that result. It’s only after we’ve exhausted all means to try and keep the house do we resort to selling it.

Recent HARP applications Surge

According to a recent article in National Mortgage News, the five largest mortgage servicers have seen approximately 400,000 applications for refinancing under the new program. People are starting to become more aware of HARP but for some reason 9 out of 10 of eligible Homeowners still fail to take advantage of this government program.

Many people that are upside down in their mortgage automatically believe that they can’t re-finance. With the HARP you can!

Doing an Orlando Short Sale may be your best option

If you decide that an Orlando short sale is the best option for you, we then try to get you qualified for programs such as HAFA which allows the seller to leave the closing table with a minimum of $3,000.00. Depending on who the lender is, we’ve been able to get some of our clients up to $30,000.00 back in some cases. How’s that for a bailout package?

 

 

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Jenny Zamora Broker

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2012… Year of the Orlando Short Sale

Posted on by Jenny Zamora

Will 2012 be the Year of the Orlando Short Sale? 

Since mid-2006, residential values in Florida have declined by 51 percent. Hundreds of thousands of properties have been, or are, in foreclosure and huge numbers of homes have been repossessed. Check out these numbers for the state of Florida.
• 150,000 residential properties in Florida have been repossessed, and are now REO’s.
• 371,000 foreclosure cases are open in courts today.
• 530,000 residential mortgage loans are at least 90 days past due and in default.
•265,000 homeowners have not made a mortgage payment in more than two years.
•1 million residences are in some form “distressed,” whether in foreclosure, owned by banks or in default.
• 46 percent of mortgages are “under water” … in other words, the debt exceeds the current market value of the residential property.
809,… this is the average number of days to process a foreclosure in Florida — It’s easy to understand why Orlando short sales have become so popular with both lenders and sellers, because are the best option for both parties and they create positive movements in the total market.
Will 2012 be the Year of the Orlando Short Sale? I think so, I also think that 2013 might be an even stronger Year of the Short Sale in Orlando because of the volume of pending foreclosures.

There was a group of 150 people that consisted of analysts, lawyers, bankers, real estate agents and developers who attended a forum that more lenders are warming to short sales. They all agreed that distressed homeowners are overcoming their psychological hurdles and coming to terms with the financial implications of an Orlando short sale.

Although, the impacts of Orlando foreclosures and short sales and the fear of more to come are still a threat and prevent value appreciation from returning to its previous levels, there are still some positive signs of growth in the market.

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Google Maps, A Great Tool When Looking for Orlando Properties

Posted on by Jenny Zamora

If you’re looking to buy a new home or investment property in Orlando, the first thing you should do is consult with an Orlando Real Estate Professional. In addition to hiring a top Orlando realtor you can be doing some research on your own by using Google Maps. It has never been easier to obtain information about a property, like surrounding businesses, schools, etc. Google maps  becomes especially handy when you’re looking at properties outside of your area.

The number one reason to utilize Google Maps when looking for a new home outside of your area is that it is free. All you have to do is log onto Google Maps and type in the address for the property you are considering purchasing. Instantly you will see a map view of where your home is located, complete with street names and some of the surrounding businesses. You can often determine everything from the nearest grocery store to nearby schools. You can then click “directions” to quickly find the directions from the home you are considering and other areas of interest such as work, school, and shopping. How cool is that?

Satellite View Feature

Along with the map view of Google Maps, you can also click “satellite” on the upper right hand corner of the screen in order to see an actual satellite view of the area. Zoom in to see details such as the neighborhood layout. Plus, some addresses will even enable you to take a street view of the property providing you with a better idea of what your home looks like from the road. While utilizing the satellite feature, you can also determine the general neighborhood condition, including the upkeep of nearby homes. However, when opting for the satellite version of the map it is important to remember that it does not stream live so sometimes the maps are often rather old. All in all, Google Maps is a great asset when looking for a new home.

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