Tag: Orlando Real Estate Market

Orlando Realty Sales are Being held hostage by 2nd and 3rd lien holders

Posted on by Jenny Zamora

 Junior lien holders are taking Potential Orlando short sales hostage.

The truth is that bargaining with second and third-lien holders is tough and causes serious delays deals and even killing some Orlando short sales, even though banks embrace the whole Florida short sale trend in order to avoid costly foreclosures and help clear the market of homes that are worth less than the loans on them.

There are private mortgage collection firms out there that buy up distressed U.S. home- equity loans and other junior real estate liens, often for pennies on the dollar. If your 2nd lien was bought up by one of these companies, then chances are thatthey  will be much tougher to deal with than the original lien holder would have been.

The ever improving Orlando Real Estate market creates a great opportunity for these second lien holders to get a nice chunk of their money back. They are aware thatyou need them to cooperate with you in order to get the deal closed.  The problem is some of these junior lien holders get to greedy and the result is the deal falling through.

Orlando short sales are being held up by second liens

Almost 50%of all Orlando homes that enter into foreclosure have more than one lien attached. Any Orlando short sale realtor can tell you that short sales with multiple lien holders requires a lot more work to complete and typically can take longer to sell. You pretty much have to do twice or even three times the work depending on how many liens are attached.

It reminds me of a hostage situation “Give me the money or I’ll kill your deal”

 

Jenny Zamora, Lic Florida RE Broker

 

Orlando short sale expert

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Orlando Realty Consultants Welcomes Top Agent “Ruth Miranda”

Posted on by Jenny Zamora

Orlando Realty Consultants Hires only the Best Agents

Orlando Realty Consultants, Inc., a leader in Central Florida real estate, has added short sale superstar Ruth Miranda to its team of top real estate professionals. Ruth Miranda is an enthusiastic go-getter with a genuine desire to help clients find the perfect place to call home and we are thrilled to have her onboard.

 Ruth Miranda became an Orlando Realtor in 2003 and offers a unique level of real estate expertise combined with an uncommon level of professionalism. Her specialties include: Luxury Homes, International Real Estate, Orlando Short Sales and Investment Properties with an expertise in Social Media Marketing, International Bridging, Market Analysis, Sales, Negotiating and Consulting experience. With a background in international relations Ruth recently received his Transnational Referral Certification (TRC) and completed his Certified International Property Specialist training (CIPS). Also held her Loan Officer’s License is a Certified Distress Property Expert, and Short Sales & Foreclosure Resource Specialist

She is also associated with many investment and international organizations with access to nationwide and international contacts. To navigate the complex decisions involved in today’s real estate market requires the guidance of a professional. Ruth is committed to quality service with an emphasis on accountability, reliability, timeliness and enthusiasm. Ruth’s goal is to provide you with powerful online and traditional marketing exposure, price band analysis, the expertise in negotiating for a quick sale along with the ability to maximize the highest asking price for your home. She is as devoted to her work as she is to her family.

She is fluent in the Spanish language, business etiquette, and culture. A successful real estate transaction is built upon the strength of relationships and the experience of how to get things done. Ruth is well respected by her peers and has developed invaluable working relationships with other professionals in the industry such as title companies, attorney’s, lenders, appraisers, builders, institutional investors and realtors. She also enjoys scuba diving, music, the great outdoors, giving back to the community as well as being with close friends and family

About Orlando Realty Consultants

ORC, Inc. is a leader in Orlando real estate, specializing in Short Sales. The firm has been at the forefront of Orlando, Florida realty for 8 years.  Orlando Realty Consultants has several Florida Realtors helping buyers and sellers alike. The majority of Orlando Realty agents hold the Certified Distressed Property Expert (CDPE) designation, providing special expertise for navigating through the changing climate of short sales, foreclosures and distressed properties.

 

For more information about Orlando Realty Consultants, call or visit www.orlandorealtyconsultants.com

 

Jenny Zamora, Lic Orlando RE Broker

Jenny Zamora Broker

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The days of Low Ball Offers on Orlando Real Estate are Long Gone!

Posted on by Jenny Zamora

Buyers are realizing that they have to Pay the Price if they want a quality Orlando Property

Orlando Homebuyers have had the upper hand since 2006, but today’s reality tells quite a different story, sellers are back in the drivers seat. Prices of Orlando Realty have been rising steadily much like many other parts of Florida and inventory is way down.

The problem with some Potential buyers is that they have trouble accepting the market has changed and they continually miss out on good deals because they bid too low. These days you have to go above the asking price to get taken seriously, and even then you might not get the house you’re after.

Some buyers come into my office thinking that the Orlando Real Estate market is the same as it was in 2008 and 2009 when sellers were desperate to sell their homes. Sellers are no longer desperate and they know that they now have the upper hand. The days of submitting low ball offers are over.

A typical Orlando Seller considers a low ball offer to be anything below 90% of full asking price while on the other hand Buyers feel that offering 80-85% is a reasonable offer.

Orlando Buyers are starting to get the “Big Picture”.

Some people are the type to stick to their guns even if they’re wrong about something, however the majority of Orlando property buyers are starting to realize that if they want to get their hands on a quality piece of Orlando Realty, then they have to pay the price.

 

Jenny Zamora Broker

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Orlando Home Prices Increase Despite Fewer Sales

Posted on by Jenny Zamora

There are fewer listings in Orlando than ever since 2005 according to a report released recently by the Orlando Regional Realtor Association.

The Orlando Real Estate market [Orange and Seminole counties] had 8,642 active listings for last month. There hasn’t fewer listings since September of 2005. With fewer homes competing for buyers, the median price went up from $115,000 in March to $116,000 in April.

“The overall median price has increased for three consecutive months, while demand has created inventory declines for the last 18 months” said Stephen Baker, chairman of the Orlando-based association. “Add in today’s prices and the lowest mortgage rates since the 1950s, and now we have a market with buyers competing for available homes.”Both REOs and short sales have seen an almost 6% increase in sales prices over the past year while normal sales prices have decreased 2%. In April traditional sales account for about 45% of Orlando Real Estate’s overall sales. Just one year ago ago traditional sales made up about 1/3 of overall sales.
Although interest rates on a 30 year fixed mortgage have gone up slightly [4.02%], these rates are still among the lowest historically. In February interest rates were the lowest ever at 3.92%.

With a fewer amount of listings on the Orlando Realty market, this will obviously impact local sales volumes. In April, sales were down 3.4% as opposed to 4.5% one year ago. Orlando homes are also spending much less time on the market as opposed to a year ago with a higher sales price, about 95% of the asking price as opposed to a year ago when home were selling at about 91% of asking price.

What it all means to Orlando Real Estate Today?

After looking at all these statistics from recent and past Orlando home sales,  mortgage rates, etc., it can be a bit confusing about what it all means to Orlando Realty today if you’re not an experienced Orlando realtor.  In a nutshell, the Orlando Real Estate market is getting stronger and more stable everyday.

With all the cash incentives for Orlando Short Sales and with the mortgage relief act of 2007 still in play, it’s absolutely the best time to short sale your Orlando home.

For Orlando Home buyers, you can still get a great price on a home and take advantage of the lowest interest rates in history. Feel free to use our Orlando home search tool and in just seconds you will be able to see all the great properties in Orlando.
For traditional sellers who want or need to sell their Orlando home, they no longer have to worry about getting insulted with low ball offers. Find out what your Orlando home is worth here.

 

 

Ask me anything, I’m here to help.

 

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

Posted on by Jenny Zamora

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,  OrlandoRealtyConsultants.com 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!

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