Tag: Top Orlando Realtors

How Much Mortgage Can You Afford?

Posted on by Jenny Zamora

Know-How Much Of A Mortgage You Can Afford

Are you unsure about how much mortgage you can afford to pay on a home? If so, then you’re not ready to take the next step until you figure out a few things.

By being sure about how much of a payment you can handle without struggling, you can be confident about going to the next step… Finding a home that meets your budget.

Owning a home should make you feel secure and safe not stressed and worried. You should calculate what you can realistically afford and safely fit into your budget.

Buying a home is usually a very emotional decision and that emotion can sometimes get you into trouble. There’s nothing worse than buying a home because you fell in love with it and then realizing that you really can’t afford it and end up falling behind on payments. This will take years off your life and can easily be avoided by knowing what your budget is.

 Think Ahead.

Lenders and mortgage brokers don’t know and don’t really care about future plans that you may have for your personal life. Only you know what’s coming down the road.

Are you planning to have more children, kids are expensive!

Do you have a teenager that will be heading off to college soon?

Are you thinking about returning back to school yourself?

How secure is the job that you currently have?

All of these things and a million more can have a drastic effect on your income which is why you need to look out a bit further on the horizon when considering homeownership. In addition to factoring in your lifestyle and what you want to accomplish, here are some guidelines that will help you to determine a budget you can afford.

 1- Figure Out Your Budget- Write down every monthly expense that you have on a piece of paper and be sure to not leave anything out no matter how insignificant you might think it is. Make sure to also include future trips and vacations that you plan on taking that year.

See how much is left over to pay the costs associated with owning a home like a mortgage, insurance, property taxes, utilities, homeowners association dues, yard maintenance, pool maintenance, etc.

Just by doing this exercise alone, you’ll have a much clearer picture of what your budget for owning a home will be. Most people are usually very surprised to see how much they spend in a month and not in a good way. The number is always much higher than people expect it to be.

 2- What’s Your Down payment? The more you put down on a house, the lower your monthly payment will be. However, the lower your down payment is the bigger your loan amount will be and your monthly payment will also be higher.

Another thing to consider is that loans that require less than a 20% down payment will usually require that you pay private mortgage insurance or “PMI”. This insurance protects the lender against default and can easily add on another 2 or 3 hundred dollars to your payment.

3- Use A Mortgage Broker. Getting a loan without using a mortgage broker is like buying or selling a house without hiring a realtor. And just like when you’re looking for a good realtor, you should research the mortgage broker to see what his track record is and see if they have any online reviews, etc.

Once you find a good mortgage broker, he or she can be instrumental in getting you a mortgage that meets your needs. They should also be able to help you to figure out your monthly budget in addition to helping you navigate through the mortgage shopping process.

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Top Orlando Realtors Press Release | Short Sales

Posted on by Jenny Zamora


Top Orlando Realtors Press Release VIDEO

This just in…Top Real estate brokerage, Orlando Realty Consultants has just saved another Orlando homeowner from foreclosure by completing a short sale on their home!

In addition to saving this family from foreclosure and protecting their credit, they were able to get the homeowners $8,000 back at the closing for relocation costs with no deficiency judgments.

These short sale experts have shattered all records when it comes the number of short sales closed. … At this point I can only tell you that it’s in the thousands.

Orlando Realty Consultants consists of some of the top professionals in the Orlando real estate industry and have been in business since 2005.

They have a reputation for selling Orlando homes for top dollar in the least amount of time.. No matter what the Price, Condition or Situation

Jenny Zamora owner and Broker for the company claims that if they can’t sell your property in 30 days or less, they will buy it themselves!  Now, that’s quite a statement.

Anyone in need of selling their Orlando property for top dollar in the least amount of time is urged to contact them at 407-902-7750 or visit https://orlandorealtyconsultants.com/
Hang In There Orlando!

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Orlando Realtor – Seller Series part 3

Posted on by Jenny Zamora

This is the latest edition in our 6 part “home seller series” designed to help Orlando homeowners sell their homes for top dollar in the least amount of time.  This week’s focus will be on pricing the home correctly from the start.

Research from our own listings clearly shows that homes that are priced correctly from the start, spend about half the time on the market when compared to homes that were priced too high and had to adjust.

One of the most critical steps in selling a home is determining what price it should be listed for. Your Orlando listing agent should prepare a comparable market analysis [CMA] on the property. A CMA is an in-depth report about the subject property and comparable properties that were recently sold in the surrounding area as well as properties that are currently listed and under contract. This report is designed to educate the homeowner and help them to come up with the right listing price for the property.

We’ve found that an Orlando home that is accurately priced and in decent condition will usually have at least one offer on it within the first few days.

 Beware of “Yes Man” Agents

Unfortunately, Some real estate agehttps://www.floridarealtors.org/consumersnts resort to using shady tactics in order to get a listing. One of these tactics is to list the property for an unrealistically high amount in order to make the homeowner believe that they will actually sell the home for “over market value”.

Even though the agent knows that the home doesn’t have a snowball’s chance in hell at selling for that price, they list it anyway and after a few weeks of no activity, they suggest to the homeowner to lower the price.

Unfortunately, it’s the homeowner who suffers the consequences by losing valuable time on the market with no activity. Even worse, homes that continually get lowered in price on the MLS usually end up being sold for below market value and take several months longer to sell.

Easy Exit Listing Agreement

Homeowners can easily protect themselves by hiring an Orlando realtor that uses an “Easy Exit Listing Agreement”. This listing agreement contains a clause that allows the homeowner to cancel the listing at any time without paying any cancellation fee or penalty.

When interviewing your listing agent, ask about their listing cancellation policy. If they want to charge you a cancellation fee, then chances are they may not be confident enough in their skills to get the job done. An easy exit clause will keep the agent motivated to get that house sold quickly for the highest amount the market will allow.

Need free real estate advice now? Visit our site https://orlandorealtyconsultants.com/ for immediate assistance.

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Orlando Homeowners Embracing The “Green Home”

Posted on by Jenny Zamora

With all the rage about “Going Green” lately, more and more Orlando home buyers are inquiring about green features when considering properties.

There is soo many advantages to making your home a “Green Home” and homeowners are steadily waking up and joining the going green revolution regardless of whether they’re of selling or staying put.

It just makes sense. Going green increases the value of a property by making it more attractive to environmentally conscious buyers as well as lowering your monthly energy bill.

 By making a few simple changes like using energy-saving light bulbs and appliances, using a tankless water heater system, and tinting your windows, homeowners can add legitimate value to their homes.
 Here’s a quick list of things that you can do to make sure that your home is as green as can be for the echo-friendly buyer.

Simple Green Updates That Don’t Cost A lot Of Green 

Update The Lighting. By using LED and CFL low energy bulbs you can save as much as $6.00 per year on a single light bulb! That may not sound like a lot but I bet if you count every light bulb in your house and multiply that number by 6 I bet you’ll feel differently. Also, the amount of energy being used is about 75% less than with traditional bulbs.

Install A Tankless Water Heater. Traditional water heaters store a lot of water and as a result, they have to consistently heat and reheat all the water in the tank whether it gets used or not. Tankless water heaters don’t store water and because of that, they use about 50% less energy than a traditional water heater. Also, with these water heaters, you will never run out of hot water again. The water gets heated instantly by the coils contained within the unit only when you need it.

Update The Appliances. By using “Energy Star” appliances you can save some serious green over the course of a year. Sure they cost more than traditional appliances but soon they will pay for themselves because they use anywhere from 20% to 50% less than traditional appliances. Make sure to let potential buyers know how much you’re saving on the electric bill because of the appliances.

Update The Bathrooms With Low-Flow Fixtures. By using low-flow showerheads and toilets, you can reduce household water consumption by up to 50% without sacrificing water pressure. Again, there is more of an upfront cost by switching to these fixtures but well worth it in the long run.

Install Energy Trackers. You can keep track of how much energy each appliance in your house uses or for around three hundred dollars you can have a device that will monitor the energy usage of your entire home that provides you with real-time feedback on how much energy you are using and how much you’re wasting.

There are a gazillion models to choose from these days and with the new technology, they’re even syncing them with smartphones and Ipads.

Whether you’re selling your home or planning on staying for a while, turning your home into a “Green Home” just makes sense. If you want to sell, then your home will have an added value that most other homes on the market won’t be able to compete with.

On the other hand, if this is your dream home where you plan on spending your golden years, then you can start saving big money as well as help save the planet. It’s a win-win no matter how you look at it.

 

 

 

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How Will A Short Sale Affect Your Credit?

Posted on by Jenny Zamora
short sale realtor orlando

How Will A Short Sale affect Your Credit?

Over the years I’ve gotten this question more time than I can remember. “How will a short sale will affect my credit?”

A short sale can have a lot less of an effect on your credit score than a foreclosure. But, it must be done correctly.

Short sales can happen if a lender agrees to accept less than the amount owed against the home because there is not enough equity in it to pay all costs of the sale.

It’s important to note that not all lenders will agree to a short sale.

If your request is approved, your agent should ask your lender to report the short sale as “paid in full,” as part of the negotiation.

There have been reports that a short sale has about the same impact on your credit score as a foreclosure. However, from experience with our own clients, that’s never been the case.

Most of the time, sellers that have completed a short sale report that their credit score only dropped by 100 points or so, which can be easily fixed by any decent credit repair company.

The biggest advantage of a short sale, as opposed to a foreclosure, is that you will be able to qualify to buy another home within two years as opposed to five to seven years after a foreclosure.

I hope this video was helpful, If you still have questions, feel free to contact us at 407-902-7750 or visit us at https://orlandorealtyconsultants.com/short-sales/

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