Florida Homeowner Insurance companies are having a negative effect on Orlando Real Estate Sales
Even though the real estate market in Orlando is recovering in leaps and bounds, homeowners are not happy about the high price of Florida homeowners insurance. As a matter of fact, for some potential home buyers, it’s proven to be the straw that broke the camel’s back.
There are still great real estate deals in Orlando, but even if the price of the property is affordable as well as property taxes, etc., the homeowners insurance in some cases can be almost as much as a mortgage payment. That’s insane!
Citizens Insurance raising it’s premiums on Florida Homeowners
The main reason for the high cost of homeowners insurance in Florida is the recent increase that Citizens has made to it’s premiums. Many times this will cause potential real estate deals to fall through or even worse, it puts the new homeowner in a position to fail because he went over budget, and potentially cause him to default on his payments.
The state run Citizens claims that the had no choice but raise the premiums because they are supposed to be a last resort for people and now they are covering many more homes than the program was designed for. That’s not all, if massive hurricane were to hit Florida and deplete all the company’s reserves, all Floridians would get taxed thus hurting the state economy in a big way.
Read the fine print when Buying Orlando Realty
When it comes to buying Orlando Real estate, there’s more than just deciding which homeowners insurance company you’re going to commit to. You have to read the fine print and be aware of everything that you’re committing to. So many first time home buyers end up in hot water because the fail to understand exactly what they’re signing. Then there is another type of buyer, the type that wants to get into that new house so badly even though deep down they know that it’s beyond there budget.
That’s why you need an experienced Orlando realtor to walk you through the complexities of buying a home in Orlando. I personally will not allow a client to make what I know will be a bad decision for them. As Orlando real estate agents, we have an obligation to look out for the best interest of our clients and help them in any way that we can when it comes to buying or selling Orlando real estate.
The Income and business of Orlando Realtors is said to be growing after many years of decline, according to the 2012 national association of realtors member profile the median income of a realtor rose 2.3% to $34,000.00 in 2011, which is the first overall gain in over nine years. Licensed brokers typically earned $48,400.00 in 2011, while the median for a sales agent was $27,200.00.
My first reaction when I read this was shock and disbelief. Then I realized that many Orlando realtors only work part time as realtors. Agents that earn such a low income from buying and selling Orlando real estate have other obligations and other employment that has nothing to do with being an Orlando Real estate agent.
In my opinion, there is no way that you can be an Orlando Real Estate Broker part of the time and be successful. To be a successful Orlando realtor you have to absolutely love what you do. And if you don’t love it, guess what, your clients will know.
Personally, I can’t see myself doing anything else but being an Orlando Real Estate professional. I love Orlando and I love helping the people of Orlando with all their housing needs both Sellers and Buyers, especially distressed sellers that need are in need of an Orlando Short Sale Expert. There’s no greater satisfaction in this world than to know that you’ve helped someone to get out of a huge problem and get on with their life.
If you love being an Orlando Realtor, you’ll never work a Day in your Life
NAR [National Association of Realtors] members that have been in business for 16 years or more are averaging $50,200.00 per year…[16 years!!?]. To be a broker for 16 years and only making $50,200.00 doesn’t make much sense to me either. If you put all all of your effort into being a great Orlando realtor for that many years you should be making a much larger yearly income.
I think what happens to some agents is that they start losing their love for being a top realtor and they just stop trying their best. Once this happens in any occupation it starts getting to the point that you actually start hating your job and just kind of go through the motions as opposed to doing your job with passion and enthusiasm.
I personally have had agents working for me that I’ve seen this happen to. It doesn’t mean that they were bad people, it just means that they weren’t cut out to be a top Orlando real estate agent. Life is just too darn short to do something that you really don’t like to do.
Top Orlando Brokers and Agents
Orlando real estate Brokers and agents putting in over 60 hours per week earned around $81,000.00 per year with only 17% of realtors earning over $100,000.00 per year. These are the go-getters that put 100% of themselves into what they do and love every minute of it.
Being a super successful Orlando Realtor means living your life at a frantic pace and it seems you are being pulled in a hundred different directions because everyone wants a piece of you… It truly is a Great feeling!
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 realtorin 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.
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.
Active Orlando Realty buyers are more frustrated than ever
People that are actively searching for an Orlando property are getting more and more concerned about rising prices on quality Orlando homes and they have every right to be. Inventory is at an all time low while demand is through the roof. Many of them have even decided to put their home buying plans on hold and have elected to remain in their current housing situation.
One of the biggest concerns right now is the lack of inventory in Orlando real estate. Buyers get very frustrated when they find a property that they like only to find that there is already 10 offers on the table for the same property.
In Orlando there is about half as many homes for sale as there was this time last year. Some people still believe that prices will drop and are holding out for that “deal of a lifetime”. Thinking that prices will drop in the near future is just not realistic and is just flat out not true.
The fact is that prices of Orlando real estate will continue to rise for quite a long time. Sure you can still try to get a good deal on a house needing to be refurbished, but in that market you’re competing experienced Orlando real estate investors. Re-habbers make their living on buying properties, fixing them up and selling them for a healthy profit. If you think that competition is tough on the retail side of real estate, try competing with local investors. The wholesale market is just as competitive if not more than buying an Orlando home that is move-in ready.
Orlando homeowners are staying put
For homeowners who were on the fence about selling but really don’t want to, have reconsidered and have decided to remain in their home. They see what’s going on in the Orlando Real estate market and they are loving it. There seems to never be a time when both buyers and sellers are pleased with whatever the market is doing. Sellers will always want top dollar for their home and buyers will always want to get a fantastic deal on a great property. Let’s face it, Who in their right mind would sell right now if they didn’t have to?
