Author: Your Orlando Realty Admin

  • Best Real Estate Agent

    Best Real Estate Agent

    The best real estate agent for one trying to sell a home is simply the real estate agent who can sell the home the quickest, at the best price, and with the smoothest transaction. And the best real estate agent for one trying to buy a home is the real estate agent who can assist you to buy the home at the lowest price and with the smoothest transaction.

    All real estate agents are not the same. The best real estate agents have the skills, negotiating experience and professional plans to put you in the position you want to be. Buying a home or real estate is not as simple as it looks. The process can be very complicated behind the scenes. Legal issues also frequently crop up that slow down or hinder your transaction.

    For this reason, we always recommend that your real estate agent be well versed in the real estate laws of the state of Florida. Better yet, why not choose a real estate agent who is also a licensed attorney at law? YourOrlandoRealty.com provides an experienced team of real estate and legal professionals to walk you through the entire transaction – whether you are buying or selling. So please give us a call today to see how we can assist you.

  • Homes for Sale in Orlando

    Homes for Sale in Orlando

    It is very easy to search for homes for sale in Orlando. There are many homes for sale in Orlando at any given point of time. So whether you are looking for a single family home for sale, a condo for sale, a town home for sale, a waterfront home for sale, a short sale home or a foreclosure home for sale, Orlando has it all. However, you need to keep three things in mind if you are searching for a home for sale that meets your exact needs – the location where you want to reside, the home budget that you can afford, and the detailed home features.

    In Orlando, the location is the main factor that determines the price of a home for sale. It also represents whether or not you will be satisfied with a particular home. Staying within your home budget, you need to focus on the locations of Orlando and neighborhoods where you prefer to live. You also have to consider the fact that you might not find the home that satisfies your exact requirements. As a rule of thumb, if your search for an Orlando home for sale results in you finding a home that meets 90% of your requirements, then this may be the house for you. It is very unusual for a prospective home buyer to find a home for sale that meets 100% of their requirements.

    As you may know from the countless articles and stories in the news, Orlando and Central Florida are a buyers market for homes right now. However, this doesn’t mean that every home you like will be available to you under your terms. The good houses are still selling fast. So we recommend that anyone who is serious about buying a home in Orlando be ready and prepared to make an offer once their “dream home” is found.

    If you are searching for homes for sale in Orlando and the Central Florida area, or just want to know how to get started with your search for homes for sale, it is a very easy and private process.   Your first step will be to go to YourOrlandoRealty.com and enter our search engine for homes for sale. This search engine includes the full Multiple Listing Service (MLS) and includes every home and real estate listed for sale in Orlando and Central Florida. You can include any number of parameters and requirements you desire – from location to number of bedrooms to square feet to price and so on. As you are looking through the various homes for sale in Orlando and Central Florida, you will have the opportunity to save the homes you have viewed in a file so that you can return at a later time to review.

    Once you have an idea as to the types of homes that appeal to you, you can contact us by phone or email and we will be happy to provide further information regarding those and other homes. All communications with YourOrlandoRealty.com is confidential and without obligation. We will simply answer your questions regarding homes for sale in Orlando and Central Florida. If you are in the market for a home for sale in Orlando, then please contact us today and tell us how we can help.

  • How To Plan Your Move

    How To Plan Your Move

    Moving to a new home can be a real challenge at times, and certainly can create stress. But it doesn’t have to. With a little planning, you can make your move an easy and enjoyable experience. Whether you are moving across town or out of state, these planning tips can help you with your move.

    1.  Decide if you will hire a mover or do it yourself. You probably will want to hire a mover if you have a lot of heavy items, you’re not physically healthy, you’re traveling a long distance, your employer is paying for the move or you can’t find enough help from friends and family.

    2.  Send change-of-address forms to everyone, friends, family and businesses that you deal with, as soon as you know your new address. Close out any accounts you won’t need after your move, such as library cards and club memberships.

    3.  Find out the utility providers at your new address. This includes your electric, telephone, water, cable and internet service.

    4.  Get rid of some of your possessions–moving is a great opportunity to unload unneeded stuff.

    5.  Empty the refrigerator before you move. Eat what you can, determine what you can take with you, and give the rest away if you can. Unplug the refrigerator and leave the doors open overnight so the moisture can evaporate.

    Doing it yourself?

    6.  Pack one room at a time, starting with the rooms you use the least, such as spare bedrooms. Use small, sturdy boxes for heavy items such as books, tools and kitchen stuff. If the contents are fragile or must stay upright, make a note of this on the box. On each box write the room the items belong to and brief description of its contents. Put the boxes in a garage or family room.

    7.  Close the drawers and doors on your furniture with blue painters tape to help prevent damage to the finish.

    8.  Load the truck carefully. Use as much vertical space as you can. Stand sofas on their ends, load mattresses and box springs so their long sides are vertical, and stand up armoires and tall dressers. Put tall items along the sides of the truck.

    9.  Keep all important boxes and valuables in the trunk of your car, not in the moving truck.

    10.  Upon arrival, bring in all the important boxes and valuables first, especially if you are not able to unload everything that day.

    Hiring a mover?

    11.  Call several moving companies to get prices. Make sure they’re bonded, licensed and insured. Choose a company with excellent customer service. Be aware of any conditions that will trigger additional costs, such as moves over a certain mileage or goods over a certain weight. Check into any special deals the company offers.

    12.  Understand how packing options affect the price. For example, if you pack certain goods yourself, can you save some money? Or pack everything yourself with portable containers that are delivered to your home. You pack them, and the company transports them to your new home.

    13.  Discuss any considerations unique to your move with the moving company. Point out any large or fragile items, and ask how they will be handled. Point out issues that affect access, such as staircases, steep driveways or small attics, and be prepared to pay more for complicated moves.

    14.  Get a signed contract that includes price, pick-up and delivery dates, packing services and mileage, plus policies regarding payment, insurance and claims. Make sure the contract has a customer service number on it that you can call with any problems or questions.

    For more moving tips, please contact us today or visit us at www.YourOrlandoRealty.com.

  • Understanding Points, Rates and Fees

    Understanding Points, Rates and Fees

    When searching for a home or real estate for sale, you have to start thinking about that mortgage first. How much can I put down? How much closing costs do I want to pay? How much can I pay monthly, and so on. In addition to understanding the terms of your mortgage, a homeowner needs to understand all the parts and costs of a mortgage, including the points, the rates, and the fees.

    Purchase Points

    Purchase points are also referred to as a “buy down” or “discount points”. They are one time fees paid up front to the lender to lower your interest rate on the loan. These points are paid at the closing and are added in to your other closing costs. Typically, a point is equal to one percent of your total loan amount. So, as an example, if you have a $200,000 loan, one point would equal $2,000. If the terms of your mortgage say you have to pay two points, then you will have to pay $4,000 extra at closing. The benefit of paying points is that, in return, your lender is giving you a better interest rate over the life of your loan. If you plan on staying in your home for many years, it normally is a good idea to “buy down” your mortgage by paying points. This will make the loan cheaper in the long run. If, on the other hand, you only plan on staying in the home for a few years before you sell it, then paying for points may not be beneficial to you. The extra money you pay in points for the lower interest rate may not pay off.

    Interest Rates

    When you get a mortgage, you are charged an interest rate. This is the rate which the lender charges you for using their money to buy a home. This is normally the first thing prospective homebuyers look at when shopping for a mortgage. It determines how much your monthly payments will be. The higher the interest rate, the higher your monthly payment will be.

    However, mortgage interest rates change constantly – sometimes on a daily basis. If you are working with a mortgage broker to get a mortgage for your new home purchase, you will be quoted a specific interest rate. But keep in mind that this rate is only good at the time the broker quotes it to you. By the time your paperwork and approval are done, the interest rates could change considerably. So to insure that you get the rate that is quoted to you, you will need to “lock in” that rate. Locking in the interest rate will guarantee you get that rate with your loan. You may be able to lock in for a period of up to 60 days, but you will have to pay a fee for this. But locking in a rate is advisable as rates do change considerably and often.

    Mortgage Fees

    All mortgages have fees associated with obtaining the mortgage. These fees are for the services needed to obtain the mortgage and include, appraisal fees, survey fees, lender processing fees, lender underwriter fees, and so on. Many of these fees are legitimate business expenses that the lender incurs in the issuance of the loan. However, others may just a way of getting more money out of borrowers. When applying for a mortgage, one must look at all the fees being charged and then compare these to other loans. Paying fees drives up your closing costs, but could be well worth it in the long run if your interest rate is substantially lower. Everyone has different priorities so it is important to look at all points, rates and mortgage fees associated with a loan.

    To learn more about mortgages, including the rates, points and fees, please contact our Realtor/Attorney or visit us at www.YourOrlandoRealty.com today.

  • Short Sale Process

    Short Sale Process

    Short sales are becoming even more common due to the huge increase in the number of foreclosures which are having an effect on home values across the nation. Due to the current sub-prime and anticipation of the more ARM resets, many people are considering short sales but are not clear on the short sale process and how it works.

    A short sale is a process which allows the home owner to sell the home for less than what is owed on the mortgage loan and allows the seller to avoid having their credit score hit with a foreclosure penalty. Although there is still a penalty given for short sales, the time to buy a home is shortened with a short sale versus a foreclosure home. A foreclosure can stay on your credit report for up to 10 years while a short sale can range 3 to 5 years.

    The Short Sale Process for Buyers

    1. Hire a real estate agent to protect your best interests, especially when dealing with short sales.
    2. Search for short sale properties. Your real estate agent can assist you with this process.
    3. Make an offer on a short sale property and include a short sale addendum which allows you to back out prior to and after a lender has sent written approval of the short sale. This way you can continue looking at homes if the short sale is taking too long or you can back out at any time if something better comes onto the the MLS. Having a real estate agent that is a also a licensed attorney can greatly benefit you in this process.
    4. Make escrow to start AFTER the lender has submitted written approval to your real estate agent before getting your earnest money tied up in possibly many months into a limbo account.
    5. Get an appraisal and home inspection AFTER the lender has approved your offer.

    Tips

    • Many short sales fail because the mortgage company is unfamiliar with the local market. Don’t expect a quick answer as they research the comparable home sales.
    • The lender may request the real estate agents to reduce their commissions to minimize costs.
    • The lender may demand the seller to sign a promissory note to pay back the short sale. If the seller refuses, it may sour the deal.
    • The mortgage company does not want to own the property, that’s the last thing they want to do.
    • Make sure to include an escape provision if the short sale process takes longer than you want or a better property comes along.

    More more detailed information on the short sale process, or to speak with one of our Reator/Attorneys, please contact us today or visit www.YourOrlandoRealty.com.

  • Orlando Real Estate Market

    Orlando Real Estate Market

    The Orlando real estate market is ideal right now for buyers to finally purchase their dream home. The Orlando real estate market has been one of the biggest boom markets in the country since the early 1970‘s. Upon the opening of Walt Disney World back in 1971, Orlando and Central Florida became the fastest growing region in the United States. The Walt Disney Resort turned this area into the number one tourist destination in the world. With that, came jobs and thousands of permanent residents, who discovered the wonderful opportunities of Orlando.

    The Orlando real estate market continued growing well into the 21st century. But when the national economy began suffering around 2006, so to did the Orlando real estate market. Like most other real estate markets around the country, the Orlando real estate market took a plunge for the next few years. Fortunately, the home prices in the Orlando real estate market have now stabilized and appear to have bottomed out. In fact, many experts now believe that prices are on the way up.

    So, now is probably the best time in recent memory to purchase a home in the Orlando real estate market. Whether you are looking to buy a primary home or buy an investment home, the Orlando real estate market is now a perfect opportunity. Some reasons for this thought are as follows:

    Great prices. Home prices in the Orlando real estate market have fallen tremendously over the past seven years, but now appear to have stabilized. There are many wonderful opportunities in this market.

    Home sales volumes are increasing. This may show that the Orlando real estate market recovery is underway.

    High inventory levels. Conditions are ideal for buyers to find their dream homes here in the Orlando real estate market. Inventory of homes is high for all types of homes. But keep in mind that as sales volumes increase, inventory levels will shrink and prices will start to rise again.

    Low mortgage rates. Mortgage rates are still at the lowest levels since the 1960s. Buyers can get more home for the money, which is a perfect scenario for families looking to upsize.

    Long-term-growth. Long-term economic and demographic trends benefit Orlando and the state of Florida. By 2012, economists believe that Florida will be the third most populated state in the country. Florida has been one of the fastest growing states in the U.S. for each of the past seven decades, with much of that growth occurring in Orlando and Central Florida. These trends are positive indicators for the Orlando real estate market growth.

    Migration patterns. Even with a slowdown in the nation’s economy, expert projections see Florida’s population continuing to grow, bringing thousands of new buyers and sellers into the Orlando real estate market for years to come. As a favorite retirement destination, Orlando and Central Florida will benefit from these new residents.

    Diverse economy. Orlando’s economy is extremely diverse – from the service industry to the manufacturing industry to the agricultural industry – supporting local, national and international companies. This diversity will help the Orlando real estate market stay strong for many years to come.

    A great lifestyle. Let’s not forget the things that bring people to Orlando in the first place, and will continue to attract them – beautiful nearby beaches, world class attractions, countless outdoor activities, a great job market, great weather, and no state income tax! With all this, Orlando continues to be one of the greatest places in the world to live and the Orlando real estate market is as great as ever!

    For more information on the Orlando real estate market, please contact us today or visit us at www. YourOrlandoRealty.com.

  • Orlando Real Estate

    Orlando Real Estate

    Are you looking for a home for sale in Orlando, Florida, or the Central Florida area? If so, then your search should start with a qualified Orlando real estate agent.

    Buyers of homes often ask why they should even have a real estate agent working for them. There are several reasons. First, there is no cost to a buyer of a home to have a real estate agent representing them. The buyer pays nothing. The seller is the one who pays for all real estate commissions, both buyer and seller! If the buyer purchases a home, then the seller pays for the buyer’s agent commission. And if the prospective buyer never purchases anything, then there still is no cost to the prospective buyer. In essence, it’s like receiving free professional services.

    Second, a real estate agent is skilled in the art of real estate negotiations and will likely be able to negotiate a lower sale price for the home. Additionally, an Orlando real estate agent has special knowledge of the Orlando and Central Florida real estate market and is positioned to advise the buyer of facts and laws that the buyer may not otherwise see.

    Sellers of homes also frequently ask why they should hire a real estate agent to assist them with selling their Orlando home. Many believe that they can sell the home themselves and save on real estate agent commissions. What they are really trying to accomplish is to put as much money in their pockets at the completion of the sale.

    However, without the aid of an Orlando real estate agent, it is much more difficult to sell the home. And the time it takes to do so could be excruciating. A skilled Orlando real estate agent will have the knowledge and tools to market the home for sale to more people in the best way possible. From MLS listings, websites, open houses, printed ads other real estate agent networking, etc., the Orlando real estate agent is much better suited to sell the home quicker and easier. Also, the agent typically will get a higher sale price for the home, more than enough to make up for any sales commissions spent. So, if the bottom line to a seller of a home is to put as much money in his or her pocket as possible, in the shortest time possible, the that seller will want to hire an Orlando real estate agent.

    There are many real estate agents in Orlando and the Central Florida area. Given this large volume, it can be difficult choosing the right Orlando real estate agent for you. We at YourOrlandoRealty.com are proud to call ourselves Orlando’s premier real estate and legal team. Not only do we have skilled real estate agents to assist you in buying or selling your Orlando area home, but we also have a licensed attorney at law to help guide you through the process and to answer any real estate questions you may have – at no additional cost.

    If you are ready to buy or sell a home in Orlando or Central Florida, please contact us – your Orlando real estate agent.

  • Orlando Home Values and Prices

    Orlando Home Values and Prices

    Orlando home values and prices have fluctuated greatly over the past few years, with a mostly downward trend. However, it appears as though things are finally turning around. Orlando home values and prices have not only stabilized but they now seem to be going upwards. To anyone looking to buy a home, and who has been waiting for this turnaround before investing their money, the time now seems to be right.

    The median price (and value) for all home and condo sales last month in the Orlando area was about $110,000, up 1.8 percent from the previous month, and a 16 percent increase from February 2011, according to a report released in February by the Orlando Regional Realtor Association.

    The number of houses on the market continued a steady decline that began in July 2010, when 16,563 properties were listed for sale. Now, with this new trend in Orlando home values and prices, the 9,253 houses listed as ready to sell, should start to go down.

    Based on February’s sales pace, the current inventory of houses and condominiums should last about five months, down slightly from January and from a six month supply one year ago. Most experts consider a six-month supply to be a normal market. Also, the average interest rate on a 30-year loan paid by home buyers in February was 3.92 percent — the lowest rate since that number started being tracked in January 1995.

    And some experts believe that the Orlando home values and prices will continue to gain at a good pace. A California real estate research firm has forecast that the Orlando home values and prices will lead the nation in 2012 for gains, according to a report released in February by Clear Capital, a California analytics company. They project Orlando home values and prices will increase 11.7 percent during the year, compared with 2.1 percent for the nation overall.

    Whatever the future holds, Orlando is a wonderful place to live and invest, and if the Orlando home prices and values continue to go up as expected, this is a great time to buy a home in Orlando and the Central Florida area.

    And if you already own a home and are considering selling, you need to know what your home is worth. You can find out the value and price of your home with a Comparative Market Analysis, or CMA – a home value analysis provided by a quality real estate agent. Instant Orlando home values and prices that you get online are only estimates and usually are based on very dated information. It can be fun to track this information but it just is not very accurate. Much more accurate home values and prices for your Orlando home can be provided by a qualified real estate agent. The agent will conduct a CMA using factors such as recent home sale prices in your neighborhood, home type, and the local real estate environment in order to complete the analysis.

    For more information on Orlando home values and prices, please contact us today or visit us at YourOrlandoRealty.com.

  • Orlando Houses for Sale

    Orlando Houses for Sale

    Looking for an Orlando house for sale can be a very pleasurable experience. With so many Orlando houses for sale, the prospective house buyer should be able to find anything he or she wants. Orlando has one of the most diverse housing markets in the country.

    Orlando houses are the first step to the perfect lifestyle that you have always wanted. And you can view all available Orlando houses for sale on our sight with our powerful search engine. The Orlando house and real estate market has everything to offer. It is a thriving market with many options to meet your needs. YourOrlandoRealty.com is a one-stop resource for all of your real estate research needs. And when you are ready to move forward, our real estate and legal team will be available to help you start your perfect lifestyle search.

    YourOrlandoRealty.com has every active home listing in Orlando and the Central Florida area. If any realtor in the Orlando area lists a house for sale, condo for sale, town house for sale, foreclosure house for sale, or house in short sale, you’ll find it at YourOrlandoRealty.com, along with all of the relevant details for the house, such as description of the house, photos of the house, map of the house location, and general neighborhood information. The YourOrlandoRealty.com listing of all Orlando houses for sale includes existing Orlando houses for sale as well as new construction. So, whatever type of Orlando house for sale you are looking for, you will find it with us.

    Orlando is still one of the fastest growing areas in the United States. Despite the fact that we are still in a buyers market, the better houses for sale do not stay on the market for long. Orlando is blessed with fantastic weather, proximity to some of the world’s best beaches, world-class golf courses, more dining and entertainment spots than you could ever imagine, a growing jobs market, and more. And it seems that more and more exciting opportunities are created every day. So if you are looking for a new house, Orlando is the place for you.

    Come and see what all the excitement is about. Check out our MLS search engine at YourOrlandoRealty.com. Let our real estate and legal team go to work for you show you any house for sale in Orlando. Please contact us today for more information.

  • Best High Schools in Orlando

    Best High Schools in Orlando

    Home buying has always been very active in Orlando. Many of these home buyers are families with kids still in high school. Many of these people who are looking to buy a new home in Orlando ask, “What are the best high schools in Orlando?” Locating the best high schools in Orlando is critical to many of these home buyers with kids still in high school. In fact, many of these home buyer families will select the part of Orlando they want to live in based on the quality of the high schools.

    But, deciding which high schools are the best high schools in Orlando is very difficult. This is primarily true because not everyone shares the same opinions as to what qualifies a high school as one of the best high schools in Orlando. Some think that test scores of the students make the high school the best. Other people look at the high school’s teachers. And then there are those that look at additional factors. Therefore, which high schools are the best high schools in Orlando is not going to be answered the same for everybody.

    But with such an emphasis put on the quality of the high schools these days, we have to look somewhere. The most typical rating system that people use is based on test scores. All high schools are given a rating from 1 to 10 – 10 being the best. Ratings are based on the school’s test results. Below is a brief list of some of the best high schools in Orlando, along with their rating based on test scores for 2011.

    Davinci Charter High School (10), 135 N. Magnolia Ave., Orlando, FL 32801

    Orlando Science Middle High Charter School (10), 2427 Lynx Lane, Orlando, FL 32804

    Boone High School (9), 2000 S. Mills Ave., Orlando, FL 32806

    Esteem Academy (9), 3909 S. Summerlin Ave., Orlando, FL 32806

    Olympia High School (9), 4301 S. Apopka-Vineland Rd., Orlando, FL 32835

    Timber Creek High School (9), 1001 Avalon Park Rd., Orlando, FL 32828

    For more information on Orlando’s high schools please contact us today.

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