Tag: Orlando Real Estate

Another Great Orlando Short Sale

Posted on by Jenny Zamora

9797 PORTOFINO DR in ORLANDO

This is an Orlando short sale, that will be sold at a huge discount and will be a great deal for anyone wanting to live in this area.


Orlando Realty Consultants is proud to add  9797 PORTOFINO DR in ORLANDO to its list of breathtaking luxury homes. Built in 2003, this 2,476 sq ft. two-story single-family home is located in one of Orlando’s premier neighborhoods, Nonacrest!

A must-see! This is a Gorgeous 2 Story 3 Bedroom/3 Bath Home with a Bonus Room that can be used as a 4th Bedroom. The master Room is upstairs with a HUGE sitting area and Pond View. It’s Breathtaking.

 

With 3 bedrooms and 3 full bathrooms and large common areas, the open layout has an enticing flow to it. Exquisite solid wood cabinetry, exotic granite countertops, and top-of-the-line appliances all come together with amazing attention to detail throughout this gorgeous house.

Check out these features

* Huge master’s retreat with sitting area

* Wide open Kitchen

* Vaulted Ceilings

* Granite counter tops throughout

* Solid wood cabinetry throughout

* High end appliances and fixtures throughout

* Dining and great room designed for family gatherings and entertainment.

* Covered back patio

* 2-car garage

* Large pool with a spacious deck for backyard Barb-B-Que’s and pool parties

Easy access to schools, first-rate shops and restaurants, and close to Orlando’s top medical facilities

So much more a definite must-see!

Call to make your appointment, You DO NOT want to miss out on this Great opportunity! BANK-APPROVED PRICE!!

Are you currently searching for your Central Florida dream home?  Look no further just click on;  search Orlando Luxury real estate and you”ll have access to all the properties listed on the Florida MLS. Within just a few clicks of your mouse, you’ll be searching out Florida real estate like a pro.

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Orlando Short Sales…anything but short

Posted on by Jenny Zamora

Short Sales…. Long time

For potential buyers short sales can mean either getting a great deal or going through a very frustrating ordeal. by first impression a short sale implies a getting good deal on a home, kind of like a house as being on sale “houses 30% off! “. However, you should know what’s involved with buying a short sale before making an offer.

A short sale is when the lender agrees to take less than the amount owed in order to get the property sold as opposed to taking it through foreclosure. Before the lender agrees to anything, there’s a whole process that the seller needs to go through and get approval before the bank even agrees to entertain any kind of offer. This process involves the seller getting together an entire package of docs to their lender

Short Sale Docs Required from the Seller

1-Hardship lettter

2-Financial statement or profit and loss [if self employed]

3-Last 2 years tax returns

4-Recent Paystubs

5-Bank statements

6- Listing agreement

7- Purchase and Sales agreement

As you can see from the list above the seller has their homework cut out for them and some sellers aren’t the most organized people which means, just getting this list of docs together could take weeks. Once the package is complete, it is then submitted to the short sale lender.  If you think that’s it… you’re wrong, this is just the beginning. The lender will usually find a few things wrong with the package no matter how well it was put together, something will need to be in a different format, typo o the HUD, missing addendum, etc. it’s always something.

The next thing that will happen is the lender will order a BPO [brokers price opinion]. This is usually a local agent that is hired by the lender to give their opinion of what the property is really worth. Whatever this amount comes in at will be the negotiating point. That means that if your offer is much lower than the BPO amount, the bank will counter your offer until you come to an agreement. Unfortunately, some agents don’t like the extra work involved in going back and forth with the lender to get the best deal possible, so they just stick with the first amount that the lender countered at.

Hopefully, the agent handling the listing is an Orlando short sale specialist, if not it could be a very frustrating experience for both the buyer and the seller.

Buyers that need to buy fast

If you’re a buyer that needs to get into a house quickly for whatever reason, then you probably want to steer clear of short sales. Just because you’ve submitted a fair offer on a property, it doesn’t mean that you’ll get it. Not only that, you may be waiting for a month or 2 before even getting a response on whether your offer was approved or not. My suggestion is to find an Orlando realtor that specializes in the area that you want to live in and tell them what your time frame is. If you can’t find a good deal right away, maybe you should rent for six months. This will allow you more time to find the great deal you’ve been looking for.

Buyers that are in no hurry to buy

If you have all the time in the world to find a great deal on Orlando real estate, then short sales are definitely worth looking into. Find a realtor that is an Orlando short sale specialist in the area that you’re interested in living in. Meet with the realtor and let them know what kind of property you’re interested in buying and where. The agent should provide you with a list of short sale and REO properties in the area that meet your criteria. After you get your list, tell your agent immediately which ones you would like to see and go see them A.S.A.P. Orlando real estate is hot right now and good deals don’t last for very long.

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Tips for home buyers regarding Orlando short sales

Posted on by Jenny Zamora

Buying an Orlando short sale?  Don’t do it alone

Whenever you’re considering the purchase of Orlando real estate, you should always consult with an experienced and licensed real estate professional. This is especially true when you’re talking about buying an Orlando short sale because there are soo many things that can go wrong. It’s true that you can get a great deal on an Orlando property by purchasing a short sale but you need to be aware of what you’re getting into before committing to anything.

By consulting with an experienced short sale realtor, you will be able to eliminate all the guess work and be confident in your decision making.

Here are some informational tips that you may find helpful when purchasing a short sale

1- You have to be patient- If you need to get into a house quick, an Orlando short sale is probably not a good option for you. Short sales can sometimes take several months to complete. New guidelines that have been put in place by the U.S. Treasury Dept, now force lenders to respond much faster to short sale offers. However, it still takes much longer than a traditional sale.

2-Don’t put all your eggs into one basket– Just because you have an offer on a short sale, it doesn’t mean that you should stop looking at other houses. It’s not against the law to have offers on more than one property as long as you inform the other parties when one of your offers gets accepted.

3-Get the house inspected– Most Orlando short sale properties are sold as-is. For this reason it’s important to get a home inspection done by a professional home inspector especially when it’s an older home. If issues come up in the inspection you may be able to negotiate the price down even further.

4-Make sure your financing is ready– As an Orlando short sale realtor, I will not submit an offer to a lender unless the buyer shows me either proof of funds or a pre-approval letter that can be verified. Be sure that you have your financing in order even before you go house shopping. This way you know what price range you can afford and you will avoid any surprises.

 

 If you still have questions about buying an Orlando short sale feel free to contact us for a free consultation. We are Orlando short sale specialists and have been helping people buy and sell Orlando real estate since 2005.

 

 

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Homeowners Insurance Tips for Orlando home buyers

Posted on by Jenny Zamora

Getting the best HOI rates for Orlando real estate

When shopping for homeowners insurance [HOI] quotes, you should seek out companies that have been in business for a while that have high customer satisfaction ratings and good reviews. Many potential buyers make the mistake of just going with the cheapest company they can find.

As an Orlando realtor, I always recommend to my clients to use a company like  Net Quote. This is a company that will provide you with quotes from several different highly rated homeowners insurance companies. Using a company like this to research homeowners insurance can save you a lot of time and money.

Many insurance companies raise their rates when they suffer a financial crisis like the one we’re still recovering from. However, insurance companies still have to compete with other insurance companies for your business which means that most of them are cutting much better deals for new policyholders than for existing policyholders.

Typically after people purchase their HOI and close their house, people tend to forget about homeowners insurance and will just continue to pay whatever premium the insurance company asks for even if it goes up every year. What homeowners should do is research different insurance companies every time they are up for renewal to make sure they are getting the best rate available.

6 Tips for keeping your HOI rates down on Orlando properties

1- Continue shopping for better rates- Every time your policy renewal date approaches, check companies like NetQuote.com to see if they can find you a better deal.

2- Try Bundling– Consider bundling your Homeowners policy and your auto policy with the same insurance company. By doing this you may be able to cut your premiums by up to 15%.

3-Make sure you don’t have too much coverage- It’s very common for policies to have inflation protection provisions that will automatically increase your coverage amount. Now that construction costs have fallen, these increases are not always justified. Find out what your house is actually worth make adjustments to your policy if can. If you’re able to lower your replacement value, it could save you up to 10% on your premiums.

4-Make sure your reputation is as clean as possible-If you’ve been denied coverage or they want to charge you an arm and a leg because of claims you’ve made in the past, check your insurance report for mistakes at choicetrust.com; it’s free if you’ve been denied coverage. Insurance companies make mistakes all of the time especially when it comes to record searches on clients.

5-Stick with high deductibles– I always recommend getting a policy with a high deductible for 2 reasons. 1st, your premium will be much less and 2nd, If you file a claim for every little repair that comes along, it can drive your premiums up by up to 15%. Use the money that you’re saving on those premiums to cover the small repairs.

6- Avoid Flood Zones– Before you buy your home, you should be aware if it’s in a flood zone. If you live in a house that’s in a flood zone, then you will probably want to make sure that your policy covers flood damage. You could save money and not get flood coverage but then you run a big risk if your house ever gets flooded. My advice, avoid flood zones.

If you’re in the market for an Orlando property and you still have a million questions about homeowners insurance or anything else regarding the purchase of a house. Contact us for a free consultation with an Orlando real estate expert.

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Florida short sale | Luxurious Winter Park home for sale

Posted on by Jenny Zamora

Great deal on a Luxury Winter Park Home- 1760 ELIZABETHS WALK, WINTER PARK

 

Orlando Realty Consultants is proud to add 1760 Elizabeths Walk  Winter Park, Fl. to it’s list of breathtaking luxury homes. Built in 2002, this 3,710 sq ft. two story single family home is located in one of Winter Park’s premier neighborhoods, Windsong!

Being an Orlando short sale, this property will be sold at a huge discount and will be a great deal for anyone wanting to live in this area.

With 5 bed rooms and 4 full bathrooms and large common areas the layout has a seemingly effortless flow to it. Exquisite solid wood cabinetry, exotic granite counter tops, and top of the line appliances all come together with an amazing attention to detail throughout this gorgeous house.

 

Just a few of the home’s features

* Huge master’s retreat with sitting area

* Wide open Kitchen

* Vaulted Ceilings

* Granite counter tops throughout

* Solid wood cabinetry throughout

* High end appliances and fixtures throughout

* Dining and great room designed for family gatherings and entertainment.

* Wood burning Fireplace in the living Room

* Covered back patio

* 2-car garage

* Located in a Cul-De-Sac

* Community club house, 2 Community pools, and playground

 

 

Easy access to schools, first rate shops and restaurants, and close to Orlando’s top medical facilities

So much more a definite must see!

Call to make your appointment, You DO NOT want to miss out on this Great opportunity! BANK APPROVED PRICE!!

 

Are you currently searching for your Central Florida dream home?  Look no further just click on;  search Orlando Luxury real estate and you”ll have access to all the properties listed on the Florida MLS. Within just a few clicks of your mouse, you’ll be searching out Florida real estate like a pro.

 

 

 

 

 

 

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