Beginning the hunt for a new home

Whether you’re looking to rent a property or buy one, there are many things to consider when deciding to move home. Choosing a new home for yourself or your family is a lengthy process and it’s not a decision to take lightly. A new home is a commitment and not just a financial one, so make sure you’re aware of all the pitfalls of real estate before jumping in head-first. Whether you’re new to the property market or just aren’t really sure when it comes to renting, take a look at this guide before beginning the hunt for your new home.

It’s important to know exactly what you’re looking for before calling up an estate agent or starting to look online. Consider what it is you need versus what it is you want. For example, if you have pets or kids it may be worth looking into properties with a garden. If you’re living alone think about the extra space you might require – do you need an office or space bedroom? Make a list of what you’ll need as well as a list of extras you might like, such as an extra bathroom or utility room. Try to keep your list to a minimum, especially if you’re house-hunting on a budget. It would be nice to live in a five-bedroom detached house with a pool, but if it’s not in your price range then don’t consider it!

The next area you want to look into is location. Try to pinpoint a couple of areas in which you wouldn’t mind living. If you’re moving with your family make sure you research local schools, libraries and the ease of public transport. It seems obvious, but the location is important. You may find the perfect house for you, but if it’s too far out of the way for you to travel to work then it’s probably not the right choice.
Safety is important and it’s worth researching crime figures for areas that you might want to live in. Be aware that properties on streets with high levels of street crime may be cheaper, but at what cost to you and your family? Information about crime is readily available online, but don’t let high figures put you off your perfect home. Choosing a property in a high-crime area doesn’t necessarily mean you’re going to become a victim, especially if you put in place anti-theft measures such as house alarms.

There are now many ways you can source new homes that don’t necessarily involve real estate agents. Many landlords list their properties online without an agent so as to save on estate agent fees. While this can be beneficial to your wallet, as it also saves you paying a cut to the estate agent, there are many hazards of renting this way. If you’re new to renting then make sure you’re clued up about your rights as a tenant as well as what a landlord should provide. Before signing your name to any contract it may be worth having a professional have a look at it first. Things to be wary of include home insurance, deposit refunds, and where exactly your tenancy deposit is being housed. If you really aren’t sure then finding a property through an estate agent may be the best choice for you, especially if you’re new to renting. If you’d prefer to deal with your landlord directly then make sure you’re fully aware of all of your rights so as to avoid everything from minor quibbles to court cases!

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

Orlando Real Estate | Location vs. Lifestyle

There are so many things to consider when you’re shopping for a new home. When it comes to Orlando real estate there are three words that just about everyone thinks of,  location, location, location. We’ve been taught that location is the only thing that should matter when choosing a home. However, for many people, this is not the case. For these people,  It’s not so much where they live but rather how they live. New generational values have changed and people are increasingly more concerned with how a home will work for their lifestyle than what neighborhood they live in.

When meeting with a new home buyer, It’s important to find out what kind of hobbies or past times they enjoy and whether they want to be near the beach, a golf course, retirement community, etc. A buyer might not be so impressed with the house you just showed them but you if informed them of all the nearby amenities that the community offers that house may have just gotten a whole lot more attractive to them. It may come down to a nearby bike path or a lake for fishing and kayaking to turn that house into their dream home.

 Maintaining a home should be a big factor in your decision to buy

Consumers are becoming more aware of the cost of maintaining a home in addition to the mortgage. When choosing a home buyers need to be aware of all the additional costs that are involved in the community such as homeowners association fees,  yard maintenance, etc. These costs can add up to be a substantial amount of money. After the market crash of 2007, it seems that people are much more aware of not getting in over their heads financially.

The size of the home also makes a huge difference in maintenance costs. Buyers are more willing to move into a smaller home especially when they can enjoy nearby social and recreational amenities.

Sometimes It makes more sense to rent

Many younger adults prefer to rent over buying for financial reasons as well as lifestyle reasons. Young people today are used to having subscription-based technology services. This same concept makes sense to them when renting a house. They can subscribe to a rental home for a while then move on. By renting, they don’t have to be concerned about things like qualifying for a mortgage or having to get the house sold if they want to move to another area.

If you’re looking to buy or rent a home in Orlando, please visit our site and search the MLS like a pro.

Realtor in Orlando, FL

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

Orlando Home Sellers Staying After Deals Close

More and more sellers are insisting on staying in their Orlando property after deal closes.

As an Orlando Realtor since 2005, I’ve seen it all. Some people need more time to find a new place while others just want to stay to finish out the school year. In some cases the sellers will make a deal with the new owners to continue renting the home indefinitely.

I say why not? As long as the buyer and the seller are able to come to a mutual agreement as far as rent and terms, then go for it.  Although many of my buyers are retail home buyers who want nothing more than to move in their new house, we also work with a lot of investors who buy several homes a year through our company.

Some of these investors are strictly  re-habbers that are interested in fixing the house up and selling it. These particular buyers never want the sellers to stay after the closing because they need to get in there and get to work. Obviously, you can’t have people living in a house while your remodeling it because it’s not livable. The other reason is that a lot of these investors need to close on one deal in order to re-invest in the next one.

However, there is another type of investor out there that is willing and able to accommodate sellers wanting to stay in the property provided that the terms are agreeable to both buyer and seller.

Buyers have had the advantage in Orlando real estate deals since 2006, when the market was flooded with properties and prices were still astronomical.

As Orlando Realty prices became more affordable, sales increased sharply, reducing the supply of available Orlando homes and ultimately giving sellers more power in negotiations.

Bidding wars have now returned for moderately priced homes, some real estate firms and analysts say that Orlando’s housing market has hit bottom. And others say more foreclosures could be on the horizon and will hurt prices.

In my opinion we’ve not only hit bottom but Orlando real estate is steadily increasing. Is it still a buyers market?  Yes, I think so, but in desirable Orlando neighborhoods with not a lot of inventory, buyers are fighting to get the houses.

Sellers are Starting to Regain Control in the Orlando Real Estate Market

Sellers in Orlando realize that the market is starting to come around again and some homeowners use this as leverage to make a deal with the new buyer to stay in the house. At the end of the day, short sale or not, the Seller has all of the control as long as the property hasn’t gone through foreclosure. That means that they can refuse to sign the sales contract if they don’t get the deal that they want.

Most sellers prefer to leave the home on the day of closing or before. However,  in my experience, post-occupancy clauses occur on about 10%  of the deals closed by our office.

While buyers may feel they have no choice but to allow a seller to rent in order to get the deal done, they should be careful about agreeing to it. There should be a written agreement that includes a specific move-out date and the amount of money that will be held in escrow to be used if the seller-turned-renter damages the property.

Ask me Anything, I’m here to Help.


Orlando Real Estate Broker

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

Orlando Realty Consultants Launches their New State-of-the-Art Website!

After several months of research and hard work, Orlando Realty Consultants launched what is possibly the most powerful Orlando real estate website ever made!

The new site took hundreds of man hours of building it out with the latest technology and cutting edge real estate tools. Orlando real estate has never been easier to research

Potential Orlando home sellers and buyers have the ability to do everything from searching the Florida MLS for the best real estate deals,  to getting a free property analysis done on their property.

•     User Friendly, is extremely easy to use and anyone can navigate through it. With soo many powerful tools at your fingertips ORC has turned buying  and selling Orlando homes into a pleasant experience.
•    IDX technology, This site is equipped with state of the art IDX system software for Real Estate Brokers.
•    Put together by top Webmasters,  With the help of top webmaster Steve Scott and his team, this website is easy to use and has maximum SEO capability making it a breeze for potential clients to find us.
•    A few of the Features-
Property Search- Allows you to quickly search the Florida MLS based on the criteria that you enter

Map Search- Ineractive mapping software that allows you to see and find out any information
or statistics about the neighborhood that you want to search.

Address Search- Search properties by address and find out all public data about the property

Listing Manager- This tool allows you to get emailed everytime there’s a listing that fits the
criteria that you entered

Mortgage Calculator- Quickly find out what your mortgage payment will be based on the
criteria that you enter.

Home Valuation Request- Enter any property address and get the true value of the property
within minutes
Those are just a few of the tools that are contained in the ORC website. With websites like this, realtors can focus more on customer service for their clients as opposed to spending countless hours in front of a computer screen doing research.
The biggest advantage is for the clients, never before has it been easier to find out virtually everything you need to know about any property within minutes and it’s easy to see that this site was designed with the Orlando real estate client in mind. Go ahead… Take a test drive!

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields