Tag: Top Orlando Realtors

The Time To Sell Your Orlando Home Is Now!

Posted on by Jenny Zamora

If you’ve been wanting to sell your Orlando home but keep putting it off, you may want to stop procrastinating. according to the NAR National Association of Realtors, the housing inventory in the Orlando real estate market is way below average when compared to December of 2013.

When the supply of homes on the market is this low, it puts the seller in a great position for negotiating. Right now, homes that are priced accurately and nicely staged don’t last very long in today’s market. The truth is that if want to make an offer on an Orlando property, you should act fast.

Lately, we’ve been getting multiple full as well as above asking price offers on properties in as little as 24 hours after listing them on the MLS. It’s painfully obvious that right now sellers are in the driver’s seat and have very little competition due to the lack of inventory in the Orlando real estate market. However, with inventory slowly but surely rising, homeowners should act now in order to enjoy the reduced amount of competition that they will have while their home is on the market.

Low mortgage rates are also a big contributing factor to the current real estate market favoring sellers. Interest rates are still low and there are many incentives for those who want to buy now.

Sellers Who Wait Run The Risk Of Losing Thousands

As the old saying goes, all good things must come to an end. This also holds true when talking about real estate. I remember back in 2007 when the real estate market crashed Nation in what seemed to be from one day to the next. Homeowners and especially investors that were holding on to Orlando real estate thinking they would eventually sell for a huge payday were suddenly scrambling to sell. Then when the banks stopped lending, it all came crashing down.

It wasn’t long before home values in nice Orlando neighborhoods were cut in half and in some cases even less. I don’t believe that we’ll see another market crash as we saw in 2007 anytime soon but I do think that this seller’s market we are currently experiencing will eventually cycle back around to being a buyer’s market. 

Orlando homeowners should keep this in mind if they’re on the fence about selling. Sure it’s possible to eke out a few more thousand if you wait a little longer but it’s also possible that you’ll end up selling your home for much less than you expected by waiting too long.

Find out how much your Orlando Home is Worth

 

 

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Top Orlando Realtor Testimonial VIDEO

Posted on by Jenny Zamora

Top Orlando Realtor Testimonial VIDEO

This is the story of David Millerton. This was a special listing client because he lived in New York with his family and had no plans of coming to Florida in order to get his Orlando vacation home sold. Lucky for David that we deal with many absentee homeowners that would prefer to complete the entire process by mail.

 

We were able to help David and his family get their Orlando vacation home sold for top dollar in a very short time. The funny thing is that we’ve never even met David in person to this day.

Sometimes people need to sell their homes but they live in another state and have no time to deal with the process. At Orlando Realty Consultants, this isn’t a problem. We can do everything for you through the mail.

After an initial phone consultation with our Orlando Listing Specialist, we’ll make a plan that meets your busy schedule. From the signing of the listing agreement, all the way through to the closing of the transaction everything is done by mail.

By doing this we’ve been able to save our out-of-state listing clients thousands of dollars in airfare, rental cars, and hotel stays. Don’t take our word for it, watch the video!

Video Transcript

“I used Jenny Zamora to sell my vacation home in Orlando while Living in New York. She listed my house and we started getting offers in the first week.

The buyer was able to close in just 4 weeks. Jenny and her team at Orlando Realty Consultants made everything easy and saved us thousands in airfare by allowing us to close via Fed Ex.

I highly recommend this company if you need to sell a home in Orlando Great job Guys!”

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Orlando Realty Website Tutorial

Posted on by Jenny Zamora

Watch this video and see just how easy it is to use our most popular tools such as the “home value estimator” and the “Find Florida Properties” search feature

Orlando Realty Website Tutorial

Orlando Realty Consultants is a full-service Real Estate brokerage located in Orlando, Florida.

We provide Professional Real Estate solutions for both home buyers and sellers. Our diverse team of Orlando real estate experts has experience in all aspects of Real Estate. We will work with you to make your home purchases and sales process as simple as possible while providing you with the most up-to-date information on your transaction process as it develops.


Trusted Buy Your Neighbors Since 2005

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Orlando Short Sale Client Testimonial VIDEO

Posted on by Jenny Zamora

Orlando Short Sale Client Testimonial VIDEO

“Jenny Zamora worked very hard to get our Orlando property sold through a short sale. She is obviously an expert in the process and is familiar with the requirements and regulations that need to be followed.

 

Unlike other realtors I have used in the past, Jenny responded immediately every time I had a question or wanted an update. I never had to wait for an answer.

Jenny and her team got my short sale done and I was able to move to another house immediately.

Jenny and her team come with my highest recommendation. You will not be disappointed. Thanks, Jenny!”

Need a short sale done on your home? Contact us at 407-902-7750 or visit https://orlandorealtyconsultants.com/short-sales/

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Will They Extend the Mortgage Forgiveness Debt Relief Act?

Posted on by Jenny Zamora

There are tens of thousands of distressed homeowners wondering the same things right now. Will Congress continue to help out consumers who are behind on their mortgages by extending the Mortgage Forgiveness Debt Relief Act of 2007 for one more year?

The act was put in place in order to help homeowners with underwater mortgages by forgiving the taxes owed on the difference between the short sale payoff and the full amount of the loan. Under the current federal tax law, the amount forgiven by the lender gets reported as ordinary income for the homeowner.


The Mortgage Forgiveness Debt Relief Act of 2007 expired last Dec. 31 and has yet to be renewed for principal reductions during 2014. These principal reductions can apply to loan modifications that were done by lenders, foreclosures, and short sales. Many believe that Congress will extend the law however if they don’t, hundreds of thousands of distressed homeowners will be hit with tax burdens that they may not be able to handle.

I’ve had several dozen Orlando homeowners that would’ve opted to do a short sale on their home but have filed for bankruptcy instead rather than hoping for Congress to renew the law. I believe that it’s for reason that we’ve seen a significant drop in Orlando’s short sales so far in 2014. The fact is that I can’t recommend for homeowners take a chance on a tax law that may or may not get renewed.

Let’s get back to the main question: Will the mortgage forgiveness act be extended?

The truth is that we just won’t know until it happens… or doesn’t happen. And for underwater homeowners that have received or plan on receiving a reduction on their principal balance, it’s going to be a stressful time until it all plays out.

Short Sale May Still Be The Best Option

Regardless of whether Congress decides to extend the law or not, a short sale may still be the way to go for some distressed homeowners. If you compare a short sale to a foreclosure, you’re still better off doing a short sale, and here’s the reason why. If a house goes to foreclosure, it will still sell for way below the full payoff amount and you would still be facing possible tax burdens. The difference is that by doing a short sale you would avoid having a foreclosure on your record and you will also have a chance at getting relocation assistance from the lender.

 

 

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