Tag: Top Orlando Realtors

Is it time to fire your Realtor?

Posted on by Jenny Zamora

   Big real estate firms put big-time money into marketing which is why when people need a real estate agent most of them go right for the big names that they see on billboards and in TV commercials. There are some problems, however, with using the larger firms that have been brought to my attention enough times to finally write about it.

When brokerages put a ton of money into marketing then they end up getting a massive amount of leads from it. The problem with that is that some brokerages are just not equipped to handle all those new buyers and sellers they just spent a ton of money marketing to. When this happens real estate agents tend to put most of their effort into the deals that are going to make them the most money,… that’s just human nature. Unfortunately, for buyers with lower incomes and sellers with cheaper houses, this can potentially turn into a very bad experience for them.

Real estate agents get paid on commission which means the lower the purchase or sale price, the lower their commission will be. So when the leads get assigned or referred to the agents in the office the buyers with the most money to spend or the seller with the most expensive house to sell will get most of the attention. The rest of the potential buyers or sellers end up getting put to the bottom of the stack. The “when I get around to it” file.

Buying your first home is one of the most important decisions of your life and should be a very happy and exciting experience. The problem is that many people lack the knowledge needed to find the right real estate agent for them.

Is it time to fire your Realtor? Here are some tips that will help you find the best real estate agent for you

1- Google them! – A good agent will have a strong online presence and you should be able to pull up a world of information on them. Take some extra time and read reviews that people have written about them. If they have negative reviews or none at all, then it’s time to move on to your next candidate. From your online search, you should be able to come up with at least 3 good candidates.

2- Set up an in-person interview. – Once you’ve chosen you three candidates now it’s time to meet them in person. They should ask you questions like “are you pre-approved for a loan and how much?” What kind of house are you looking for? How much do you want to spend? What neighborhood?, etc.

Then pay close attention to what the agent shows you. Is it what you’re looking for? Was the agent paying attention to what you said? If the agent starts showing you properties that are far from what you asked to see then…..”NEXT”

3- What’s their track record? – Don’t be afraid to ask questions like.

*How many houses have they sold?

*How many have they sold in the last 6 months

*What do they specialize in? Are they a short-sale specialist? A buyer’s agent?, etc. It’s important that your agent specializes in whatever it is that you’re trying to accomplish. You wouldn’t go see a foot Doctor for a toothache, would you?

*Do they have any testimonials from past clients?

4- Make sure that real estate is their full-time job. A good real estate agent works full time as a real estate agent and there’s just no exception to this rule. If you’re working with a realtor that works part-time as anything else in order to make ends meet then it’s time to cut them loose.

5-Follow Your Instincts. You may have found the most successful real estate agent in town, but if you don’t feel comfortable around them or you just have that feeling in your gut telling you that they aren’t the one for you, then go with it. An agent/client relationship is kinda like a marriage…you’re in it for the long haul. On the bright side, it’s a lot easier to divorce your real estate agent.

So you see, it’s not at all about going for the biggest name with the biggest marketing budget. It’s about you putting in the time and doing the necessary research that it takes to find the right real estate agent for you. Good luck!

Orlando short sale expert

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Florida Timeshares Vs. Travel Clubs

Posted on by Jenny Zamora

People are always asking me if it’s a good idea to buy a timeshare. There are soo many different companies out there that will tell you their program is the best and they even go so far as to bribe you with free hotel stays and other expensive gifts. It’s all designed to lure you into a room decorated with breathtaking almost life-size luxury vacation photos created to entice you while you eat the complimentary breakfast or lunch they’ve given you [law of reciprocity], they even provide you with free child care to eliminate anything that may distract you from their highly polished sales pitch that they’re about to hit you with.

Their next move is to set down their modest little binder in front of you and start to show you photos of their own family vacations as they ask you personal questions about your kids, your line of work, and of course… your vacation habits.  You can always tell how experienced the Orlando real estate agent is by how good they deliver their personal story and then effortlessly mix it into the whole timeshare “Set Up” at the end of their enchanting little story. The agent then goes into a carefully rehearsed presentation about all the benefits you could receive by becoming a member and how if you walk out the door without buying you would regret it for the rest of your life.

I know what you’re thinking and you’re right…I’ve been to a whole bunch of these. The truth is, before we became successful in Orlando Realty Consultants my wife and I would sit through these excruciating timeshare presentations just to get a cheap vacation out of it for our family.

By going to all these presentations we learned a heck of a lot about timeshares as well as travel clubs. We saw one common denominator with timeshares that was a huge negative for us. That was that even if you don’t use your timeshare, you would still have to pay maintenance fees and property taxes. Over the years, I’ve had people approach me wanting to just sign the timeshare over to someone for free just to be free of the taxes and maintenance fees. They didn’t even care about losing the $10,000.00 they paid to buy it in the first place.

Travel Clubs are the way to go

Travel clubs on the other hand seemed to make a whole lot more sense to us. Joining a travel club is like joining a big box store like “Sam’s” or “BJ’s” in the sense that they buy up all these unused days in resorts, condos, etc., and pass the savings on to the consumer. They charge you a yearly fee to be a member, usually around 3 to 5 hundred dollars. Once you’re a member, you can access seriously discounted vacations by calling or through their website. The downside is that you have to buy in at about the same amount you would for a timeshare [five to ten thousand dollars] but that’s it. After that, there’s no property tax or maintenance fees to worry about at all.

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Highlighting your property’s best features

Posted on by Jenny Zamora

If you’re getting ready to sell your home, make sure that your Orlando realtor does a good job of showing off the things about your property that make it special. Make sure that you take advantage of mentioning anything that sets your property apart from the rest. Sometimes when someone has lived in a house for soo long they tend to not see all the high points that their property possesses.

You’re probably thinking… “Isn’t that my realtor’s job?” The answer is yes, your Orlando real estate agent should have the ability to go through your home and highlight all the extra features that your house brings to the table that the others in the neighborhood don’t. However, not all Orlando realtors are created equal and in my opinion, the selling of a house is just way too important of a transaction to just turn over to someone and hope for the best without making sure that they are doing all they can do to get top dollar for your property.

List of things that sellers commonly forget to mention when selling their home

Over-sized lots.

Larger than average closets.

Sitting area in the master bedroom.

Extra storage space.

Bonus rooms.

Separate entrances.

Beautiful views from the front or back yard.

Walking distance from shops, restaurants, and schools.

Don’t False advertise

As important as it is to make sure that your property’s best features are highlighted, it’s equally important to verify that your Orlando listing agent isn’t making any false statements. If your home is being portrayed as something more than what it is, this can only hurt you as well as your agent. Imagine yourself as an agent on the way to show a listing to a client based on the listing information you saw online, when you arrive at the house you realize that the photos that you viewed online have either been photoshopped or are of a different house altogether!  Some other examples that I’ve seen are neighborhood descriptions such as “newly developed” when “deteriorating” would have been a better match, “move-in ready” instead of “Fixer-upper”, etc.

I guess the moral of this story is, make sure that you follow up with your Orlando realtor and insist that you be informed on what’s happening. Ask to see the live MLS listing as well as any other marketing being done to sell your property. After all, selling your house is statistically one of the most important, if not the most important transaction in your lifetime.

Want to know how much your Orlando property will sell for: click here for your free property analysis.

Sell A house in Orlando

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Do younger Orlando Realtors have an edge over “old school” agents?

Posted on by Jenny Zamora

More and more young people are choosing to become full time Orlando real estate agents as a profession.  Historically,  real estate has proven to be a great field to be in no matter what the market is doing.  The ones who are able to keep up with what the Orlando real estate market is doing and make changes to their business model accordingly, are able not only to survive in tough markets, but thrive in any market.

Young agents definitely have an edge in the technology department over the “old school” agents that try to resist technology. Being internet savvy is a huge advantage just because of the time you save. Although our office still maintains a paper file on every client, those files are a fraction of the size they used to be thanks to amazing real estate soft wares that are available today.

I’ve been an Orlando realtor since 2005 and I can tell you that technology, as it applies to real estate has come a long, long way in 7 years. One thing is for sure, agents that apply new techniques such social media marketing, maintaining an up-to-date blog, up-to-date website, SEO [Search Engine Optimization], etc. will be much more successful than the agents that do not. The cruel truth is that technology has completely changed the way realtors do business and you have to keep up with the trend or get left behind.

Being a Realtor is like having your own Business

Another reason why so many young people are flocking to the world of  Orlando real estate is the allure of having their own business. Real estate agents are independent contractors that are responsible for marketing themselves and finding their own clients or they don’t get paid.  It’s a great field for self motivated people because they basically have no boss and the sky’s the limit if they’re willing to put in the work. For young and eager agents this presents an opportunity of a lifetime. People that want to be nestled in an office everyday and do the minimum amount of work just to get by, will eventually find a better fit for themselves pursuing professions other than the ever changing world of Orlando real estate.

Helpful Tip on finding the right agent:

Just by typing in the agent’s name and city they work in,  you can find out anything and everything you need about an agent and what they are all about. A successful realtor will usually be all over the internet for they areas that they specialize in and if they aren’t, then you may want to move on to the next candidate.

 

 

 

 

Orlando Real Estate Broker

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Orlando Real Estate: Investors hurting first-time homebuyers

Posted on by Jenny Zamora

Savvy Orlando real estate investors are beating first time home buyers to the punch

1st time home buyers looking for their ” dream home” are no competition for the seasoned Orlando real estate investor. People looking for their 1st house to move into with their families are finding themselves being squeezed out of the Orlando real estate market by investors looking to capitalize on the current market conditions. With a growing number of people being foreclosed on each week , Orlando short sales are everywhere and investors know that the rental market will keep getting stronger as homeowners that have been foreclosed on scramble to get into rental properties in addition to people moving into the Orlando area from another state or country.

1st time Orlando home buyers grow increasingly frustrated

I feel bad for my clients who are just looking to buy their first home so that they can get their family moved in and settled. These people have no intention of flipping the house for a quick profit, pulling an equity line on it or renting it out for additional cash flow. They just want to move in, raise a family and do their best to “live happily ever after”. The problem with first time home buyers is that they have to qualify for financing which can take a while sometimes and there’s never a guarantee that they will get approved.

Today’s average seller is very educated on how different types of buyers and terms could affect them. It’s not just about taking the highest offer that you receive.

3 Tips for Sellers when looking at offers

1- Is the buyer pre-approved? I personally won’t even show one of my listings unless I have proof that the potential buyer has already done their due diligence as far as going to a mortgage broker or lender and getting pre-qualified for a loan. The buyer will also know what an affordable purchase price will be for them.

2- Will the house appraise for the amount of the asking price? A seller could have a contract on the property with a pre-approved buyer willing to pay full asking price and the deal can still fall apart. These days lenders will almost always insist on an appraisal being done on the property with an appraiser of their choice, [not the buyer or seller’s choice]. Once the appraisal is ordered by the lender, the lender will work off of the appraisal value and sometimes the property just doesn’t appraise for the amount of the contract price.

Things that can happen if the house doesn’t appraise for asking price.

a- The seller comes down on the asking price in order to make the deal happen. This is what usually takes place because the seller realizes        that he will probably run into the same problem again and will ultimately have to lower the price in order to get the house sold.

b- The buyer will have to come out of pocket to make up the difference. This rarely happens unless the buyer is absolutely in love with the home and the seller is unwilling to lower the price.

c- The deal just falls apart.

3- Are your buyers Cash buyers? Cash buyers are almost always investors looking for their next investment property.

Things to consider when you have an “all cash offer”


a- A cash buyer will not pay you full retail price for your house. Whether they are buying with the intent of flipping or renting it out, they are going to want a deal that makes sense to them, [dollars and cents]

b- Cash buyers can close quickly. One of the benefits of working with cash buyer is that there are no lenders involved. Experienced investors will already know what the numbers are even if there are repairs involved. They will rarely get an appraisal done which means that there are not many things that can get in the way of this deal getting done, usually within 3 days or so.

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