Tag: Orlando Realty Consultants

Certified Distressed Property Experts and Orlando Real Estate

Posted on by Jenny Zamora

What is a Certified Distressed Property Expert [CDPE]?

It means that an Orlando Realtor with the CDPE designation is someone that is supposed to understand the complex and ever-changing issues in today’s Orlando Real Estate market. The agent should have knowledge of foreclosure avoidance options available to homeowners. A CDPE can provide solutions, specifically short sales, for homeowners facing market hardships.

Many times Orlando homeowners make the mistake of trying to do things on their own when they’ve fallen into foreclosure. This is always a bad idea because when someone is in financial distress, they’re just not thinking clearly, especially with the emotional burden of potentially losing their Orlando home to foreclosure.

Speaking with a realtor that is CDPE certified, also known as an “Orlando Short Sale Expert” is by far the best course of action to take. First of all, it doesn’t cost you a cent to consult with an Orlando realtor [if a realtor ever tries to charge you for a consultation, turn around and walk away], so you have absolutely nothing to lose in this regard. CDPEs have the tools, knowledge, and experience to help homeowners figure out the best solutions for their specific solution through the execution of an Orlando short sale or loan modification.

Are you considering an Orlando Short Sale?

If you’re currently looking for an Orlando Short sale Expert, make sure to select an agent that possesses the CDPE designation to make sure that you have a trained professional to address your specific needs.  CDPEs have an obligation to go above and beyond for their clients in need and you shouldn’t settle for anything less.

It’s not just about the CDPE Designation…

With all of that being said about CDPEs, it’s important to also consider the amount of experience the Orlando agent has had as a CDPE and what is their success rate with short sales in Orlando. This is something that is easily researched online or even better… ask your potential agent to show you proof of how many short sales listings they have and also ask them how many short sales they’ve closed in the past 6 months.

Another great option that may save you some time is just Google Orlando Short Sales and see what comes up. The top three results that come up should give you a great starting point. Like most people in the world today, I use Google for just about everything.

You want an agent that’s aggressive and doesn’t take no for an answer. Working with short sales is tough and you need an agent that is willing to go toe to toe with the bank for you. Unfortunately, this kind of tenacity and work ethic is something that is difficult to teach, realtors either have or don’t have.

Ask me anything, I’m here to help.

Jenny Zamora, Lic RE Broker.  Certified Distressed Property Expert

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We are Currently Hiring Orlando Realtors!

Posted on by Jenny Zamora

Orlando Realtors Wanted!

Due to the ever increasing amount of leads that we have coming into our office, it’s once again time to hire more Orlando Realtors so we can keep up with the demand. Have you ever wanted to work with and learn from a Top Orlando Broker?  Well, If you are a licensed Orlando Realtor, then now is your chance. Here are some of the things we take into consideration when hiring an Orlando Real Estate Agent.

Top 5 qualities we look for in when hiring an Orlando Real Estate Agent

1-  Be on time- Whether your coming into the office or headed to a meeting with a potential buyer or seller, nobody likes it when you make them wait. It’s unprofessional and It starts things of on the wrong foot. I’ve seen agents lose potential Orlando listings just because they showed up late for the appointment. The  seller will automatically think that you are always late for every thing you do.

2- Be a person of your word- If you say that you are going to do something, then follow through and do it. Being someone of your word will help to build your reputation as a trusted real estate professional in the community. It also helps to build trust with the people who work around you on a day to day basis. To be a successful Orlando agent you must have the  reputation of being a dependable agent and people will know that you won’t let them down.

3- Always be willing to learn- There are some agents out there that think they know everything because they’ve been doing real estate for a while, they get stuck in a certain way of doing things and resist change. With all the new laws and regulations that are happening in Orlando real estate, you have to be aware of them in order to serve the client to the best of your abilities. If you don’t know about the “New Law” that came out yesterday that will help your new client to achieve their goal, then you’re failing to do what’s best for your client.  I’ve been in real estate for 10 years and I feel like I learn something new everyday.

4- A good work ethic- This is something that is taught and instilled in you from when you’re a child. In my experience, It’s virtually impossible to teach an adult to have good work ethics if they don’t already have it in them. In the competitive world of Orlando Realty, you must be a hard worker if you’re going to survive solely as Realtor. We can provide an agent with a steady flow of leads for Orlando real estate, for both buyers and sellers. However, if those leads aren’t followed up on or worked on, then it’s a complete waste of time and marketing dollars.

5- Have a positive attitude- People that have a positive attitude tend to radiate positive energy or otherwise known as having a “Good Vibe”. These is really something that you either have or don’t have. I’ve met Orlando agents that absolutely hate being a realtor and it shows through. No matter how bad they try to hide it you just get the feeling that the don’t want to be there. This is negative energy aka having a “Bad Vibe”. Having a bad attitude will cripple you and ultimately destroy your career as a real estate agent. If you love what you do, you will never work a day in your life. To be a successful Orlando realtor, you have to absolutely love what you do and submerge yourself in it.

So there you have it. If you have the qualities mentioned above and you want to join one of Orlando’s Top Real Estate Brokerages, then please contact me so we can have a chat.

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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?

 

 

Ask me anything, I’m here to Help

Jenny Zamora Broker

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Orlando Re-Habbers Cleaning Up

Posted on by Jenny Zamora

Re-Habbing Homes in Orlando has become a very popular business model lately

With Orlando short sales on the rise and inventory becoming scarce, many Orlando re-habbers are cleaning up. The truth is that most people who are looking to buy a house, don’t want to have to deal with any repairs once they move in, or before moving in. Most potential home buyers just want to move their stuff and family in and not have to worry about the kitchen or bathroom that needs remodeling. For property investors who dedicate themselves to remodeling houses, this is great news.

We have several Orlando re-habbers that have been coming to us for years always looking for their next project. Although there are still some risks involved, if you do your research correctly there’s big money to be made.

Here’s a list of things you need to be aware of if you’re planning to re-hab an Orlando property.

* Stay away from houses needing major repairs.  Unless you’re an experienced re-habber, don’t buy a property that needs any major structural repairs such as rewiring the electrical system, major plumbing repairs, foundation damage or severe fire damage.

*Get a home inspection as soon as you sign the contract. Getting a home inspection will cost you around $300 but can ultimately save you thousands by exposing some big ticket repair items that would have gone undetected without the inspection. Once your inspection report is complete, you can use the report to further negotiate with the seller or bank to lower the price even more.

* Never, ever try and turn a non-deal into a deal. What I mean by that is, some new investors are soo eager to start their 1st re-hab project, that their judgment gets clouded and they bend the numbers to make it look like they are making a good investment. [ kinda like when you fall in love with that sports car you’ve always wanted at the dealership, and you make up situations in your mind in order to justify the horrible decision you’re about to make]

* Consult with an Orlando Real Estate Expert to do some research for you. The most important thing to do when you’re planning on re-habbing a house is to make sure that your numbers are correct. There is nothing worse than buying a property at the wrong price, spending a month fixing it up and then finding out that you have to pay $5,000 to get it sold because you didn’t take the time to speak with an experienced Orlando realtor.

Jenny Zamora, Lic RE Broker

If you’re in the market for an Orlando Investment property,  feel free to use our MLS search tool to search of all the great investment properties throughout the entire state of Florida. You can also contact one of our Orlando Realty Experts for a free consultation.

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Things you Must Know when you’re Choosing an Orlando Short Sale Agent

Posted on by Jenny Zamora

 All Orlando Realtors Were not Created Equally

When it comes to doing an  Orlando short sale, many things come into play. One of the most important aspects of this particular home selling process is the agent that you choose. Your real estate agent will be doing all of the negotiations for you with your bank as well as with the potential buyer; therefore, you have to trust your short sale agent.  In order to trust your agent, you should know important things about them before turning the steering wheel over to them when it comes to selling your home.  When picking an agent, it’s absolutely crucial that you do your research on that person.

The first thing you should do is research the agent’s background and area of expertise in Orlando Real Estate. The best way to research the company is to utilize online search engines. Simply type in the company or the agent’s name followed by “reviews.” Within seconds you should be able to find numerous reviews from previous clients that will help you to determine the reputation of the company in which your agent is associated.

Certified Distressed Property designation

As with anyone that you hire, you should take into consideration the agent’s real estate experiences. You can also ask the agent to provide you with references, which you can call to obtain detailed information from previous Short Sale clients. References can provide you with the best information about what to expect if you need to do a short sale on your house.

Also, make sure that you agent has their Certified Distressed Property Designation. Although this isn’t the most important thing that you should consider when hiring an agent, it certainly doesn’t hurt to hold this endorsement.

 

Ask About Getting Cash Back for Your Short Sale

There are many “Cash For Keys” type programs out there right now from organizations such as HAFA. We’ve gotten our clients anywhere from $3,000.00 to $20,000.00 back from the bank at closing. When interviewing a realtor, make sure that you ask about these programs and what the plan of attack will be before signing anything. If they don’t specialize in short sales, then chances are they’re not going to know what the latest laws and regulations are and what they’re able to qualify you for.

The problems start when a homeowner hires an agent to do their short sale and the agent either has very limited experience with short sales or none at all.  Short sales are not easy and not all realtors have the skills, work ethic or experience required to be an expert short sale agent.  When homeowners make the mistake of not hiring the right agent for the job, the result can be disastrous resulting in your home getting foreclosed on.

If you’re in the market for a real estate agent that specializes in doing short sales do your research and find out everything that you can about the agent before making your decision, you’ll be glad you did.  Ask me anything, I’m here to help.

 

 

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