If you want to freshen up your Orlando home’s kitchen, redoing the countertops might be a good choice. It’s quick and easy to install new laminate, and you’ll have almost limitless styles to choose from. Here’s how to install new laminate on your kitchen countertop:
Measure Countertop
Measure your existing countertop in your Orlando home’s kitchen and total the results. Add a few inches to the side and bottom measurements to give you a little wiggle room. You’ll need to buy contact cement, a putty knife and a utility knife at the home improvement store at the same time as the laminate.
Prepare the Area
First, you’ll have to remove the old laminate. Leftover laminate and adhesives can make it hard for the new laminate to properly attach to the countertop. Use a three to four inch putty knife to scrape off the old laminate.
After you’ve removed it all, sand the surface underneath to make sure that any left over adhesive has been completely removed. Work carefully from one end of the counter to the other and double check your work. Then wipe the area down with a clean cloth and dry it.
Cut the Laminate and Apply the Cement
Next, you’ll measure and cut the new laminate to the correct size with the utility knife. Apply the contact cement to the edge of the countertop and press the laminate into place. Then spread the cement on top of the counter, and press down evenly on the laminate to properly adhere it to the surface.
Go over the entire counter again with equal pressure to seal the contact cement. Trim the excess laminate with the utility knife. Then clean the work area with a damp cloth.
You’ll be able to use the countertop shortly after the contact cement dries. Re-doing the laminate can breathe new life into your Orlando home’s kitchen without emptying your wallet.
Monday, November 1, 2010
Orlando Home Buyer News – Foreclosures Halted Nationwide?
As a potential buyer of an Orlando home, you may be looking at foreclosures as a way to get a good home at a great price. The Saga of the Housing Bubble continues, however, and it might just have you, the homebuyer, looking at regular housing with a more favorable eye.
In October, numerous mortgage services voluntarily suspended foreclosures nationwide, including Bank of America, J.P. Morgan Chase, Litton Loan Servicing and GMAC Mortgage/Ally Financial. The suspensions include pending foreclosures as well as foreclosure sales, as the mortgage services investigate flaws in their foreclosure processes. For those of you looking at a foreclosed Orlando home through one of these companies, it may be a long wait.
Twenty-three states initiated a foreclosure moratorium. In addition, they have begun probing all lenders’ foreclosure processes in those states. Thanks to nationwide, coordinated efforts of State Attorneys General, 17 more states as well as 17 non-judicial foreclosure states have expressed interest in joining the probes. In short, a foreclosure freeze “craze” has begun, upsetting real estate investors and homebuyers alike.
In general, this craze isn’t expected to last long. As well, the lenders don’t expect to find many problems because most foreclosures are believed legitimate. In short, it seems to be simply a matter of improperly reviewed and improperly handled foreclosure documents. Although it’s only expected to last a few weeks, some buyers are left sitting with an offer on the table and no closing.
With the foreclosure processes in question and sales halted, buying a foreclosed Orlando home may not be as ideal as you think – at least for a little while. Don’t give up hope on owning your own home, however. Instead, take a few minutes to look over the other homes for sale. Your dream home and great deal may not be a foreclosure after all!
If you’re looking for a beautiful home of your own, we can help. Call us at 407-876-5771 for more information.
In October, numerous mortgage services voluntarily suspended foreclosures nationwide, including Bank of America, J.P. Morgan Chase, Litton Loan Servicing and GMAC Mortgage/Ally Financial. The suspensions include pending foreclosures as well as foreclosure sales, as the mortgage services investigate flaws in their foreclosure processes. For those of you looking at a foreclosed Orlando home through one of these companies, it may be a long wait.
Twenty-three states initiated a foreclosure moratorium. In addition, they have begun probing all lenders’ foreclosure processes in those states. Thanks to nationwide, coordinated efforts of State Attorneys General, 17 more states as well as 17 non-judicial foreclosure states have expressed interest in joining the probes. In short, a foreclosure freeze “craze” has begun, upsetting real estate investors and homebuyers alike.
In general, this craze isn’t expected to last long. As well, the lenders don’t expect to find many problems because most foreclosures are believed legitimate. In short, it seems to be simply a matter of improperly reviewed and improperly handled foreclosure documents. Although it’s only expected to last a few weeks, some buyers are left sitting with an offer on the table and no closing.
With the foreclosure processes in question and sales halted, buying a foreclosed Orlando home may not be as ideal as you think – at least for a little while. Don’t give up hope on owning your own home, however. Instead, take a few minutes to look over the other homes for sale. Your dream home and great deal may not be a foreclosure after all!
If you’re looking for a beautiful home of your own, we can help. Call us at 407-876-5771 for more information.
Friday, October 1, 2010
Foreclosures in Orlando: A Great Investment or Bad Disaster?
With all the talk of the great deals you can get on foreclosures in Orlando, you may be tempted to step into the investment market. Or, you may get the idea that buying a foreclosure is your best bet for a great deal on a home. Well, it’s possible, but remember that the foreclosure market is full of perilous pathways and competitive investment pros who know what they’re doing.
Whether you’re considering purchasing foreclosures in Orlanod as investments or as your personal residence, here are a few tips that will help you get a great investment and avoid a bad disaster.
• Gather a Team of Professionals: Your team of professionals should include a home inspector, a real estate agent and an appraiser. You may also want to include a professional repairman, if you’re not handy. With foreclosures, you often have to be ready to move on the home immediately, so establish relationships with these professionals ahead of time.
• Buy a Pre-foreclosure: According to the experts, pre-foreclosure is one of the best times to buy. The seller will probably be more willing to accommodate you because they want to avoid ruining their credit. Which means you’ll have a much better chance of getting a good deal – something more than the seller owes the bank, but less than market value.
• Skip the Auction: While going to foreclosure auctions is another possibility, it isn’t for the beginning investor. You may find that you’ve done a whole bunch of research for nothing, because the auction was cancelled. You may end up with a trashed property because the previous owners didn’t want to move, or because the house has been empty for a long while.
• Be Careful Buying Bank-Owned Properties: This option is seldom as great as it sounds. Not all banks price homes at fair market value. Many of them are trying to get their money back, which, with current depreciation, could be much more than the home is currently worth.
If you’re considering buying foreclosures in Orlando as an investor or a homebuyer, we can help. Call us today at 407-876-5771 for more information.
Whether you’re considering purchasing foreclosures in Orlanod as investments or as your personal residence, here are a few tips that will help you get a great investment and avoid a bad disaster.
• Gather a Team of Professionals: Your team of professionals should include a home inspector, a real estate agent and an appraiser. You may also want to include a professional repairman, if you’re not handy. With foreclosures, you often have to be ready to move on the home immediately, so establish relationships with these professionals ahead of time.
• Buy a Pre-foreclosure: According to the experts, pre-foreclosure is one of the best times to buy. The seller will probably be more willing to accommodate you because they want to avoid ruining their credit. Which means you’ll have a much better chance of getting a good deal – something more than the seller owes the bank, but less than market value.
• Skip the Auction: While going to foreclosure auctions is another possibility, it isn’t for the beginning investor. You may find that you’ve done a whole bunch of research for nothing, because the auction was cancelled. You may end up with a trashed property because the previous owners didn’t want to move, or because the house has been empty for a long while.
• Be Careful Buying Bank-Owned Properties: This option is seldom as great as it sounds. Not all banks price homes at fair market value. Many of them are trying to get their money back, which, with current depreciation, could be much more than the home is currently worth.
If you’re considering buying foreclosures in Orlando as an investor or a homebuyer, we can help. Call us today at 407-876-5771 for more information.
Wednesday, September 1, 2010
Slow Markets and Orlando Homes
Today’s slow real estate market is a hard place to sell Orlando homes. However, the fact remains that homes are still being bought and sold. Buyers are out there; you just have to attract them to your home.
Here are a few tips for getting Orlando homes sold in a slow real estate market:
Prepare for the Sale
Your home needs to stand out from the rest. Give it a lot of sparkle and shine:
• Make minor repairs: Patch holes, fix faucets and replace cracked tiles.
• Clean inside and out: No cobwebs, dirty carpets, worn rugs or smelly odors.
• Check your curb appeal: Mow the lawn, plant flowers, trim bushes, etc.
• Remove clutter and de-personalize: If it isn’t essential, pack it up or get rid of it.
• Straighten your cabinets and closets: Buyers will open them; make sure they’re nice and neat.
Stage Your Home
Hire a professional home stager or read informational home staging articles on doing it yourself. Here are a few quick tips:
• Carefully choose your window coverings.
• Tie new bathroom towels with ribbons for a “finished” bathroom look.
• Use color psychology.
• Bring in plants.
Use Good Marketing Techniques
A strong marketing campaign is a must. A few techniques you want to be sure you or your agent includes in your marketing campaign are:
• Take photographs with good lighting that show off the positive aspects of your home.
• Create a virtual tour that showcases both the inside and outside of your home.
• Display the photos and virtual tour on as many real estate websites as possible.
Selling Orlando homes isn’t a quick or easy endeavor. Especially now, aggressive marketers are the winners. Taking the time to clean and stage your home, as well as create a wide-reaching marketing campaign, can get that for sale sign taken down for good.
If you’d like to sell your home, let us create a strong, wide-reaching marketing campaign to get your home sold. Give us a call today at 407-876-5771.
Here are a few tips for getting Orlando homes sold in a slow real estate market:
Prepare for the Sale
Your home needs to stand out from the rest. Give it a lot of sparkle and shine:
• Make minor repairs: Patch holes, fix faucets and replace cracked tiles.
• Clean inside and out: No cobwebs, dirty carpets, worn rugs or smelly odors.
• Check your curb appeal: Mow the lawn, plant flowers, trim bushes, etc.
• Remove clutter and de-personalize: If it isn’t essential, pack it up or get rid of it.
• Straighten your cabinets and closets: Buyers will open them; make sure they’re nice and neat.
Stage Your Home
Hire a professional home stager or read informational home staging articles on doing it yourself. Here are a few quick tips:
• Carefully choose your window coverings.
• Tie new bathroom towels with ribbons for a “finished” bathroom look.
• Use color psychology.
• Bring in plants.
Use Good Marketing Techniques
A strong marketing campaign is a must. A few techniques you want to be sure you or your agent includes in your marketing campaign are:
• Take photographs with good lighting that show off the positive aspects of your home.
• Create a virtual tour that showcases both the inside and outside of your home.
• Display the photos and virtual tour on as many real estate websites as possible.
Selling Orlando homes isn’t a quick or easy endeavor. Especially now, aggressive marketers are the winners. Taking the time to clean and stage your home, as well as create a wide-reaching marketing campaign, can get that for sale sign taken down for good.
If you’d like to sell your home, let us create a strong, wide-reaching marketing campaign to get your home sold. Give us a call today at 407-876-5771.
Should You Buy Orlando Real Estate Through an Auction?
With the many auctions here and throughout the U.S., you may be wondering if it’s worth buying Orlando real estate this way. Auctions let you bid at a public sale. Some property is being sold by the owner, but most properties are foreclosures being sold by banks.
Like any endeavor, there are pros and cons in buying Orlando real estate at an auction. For instance, a pro for auctions might be the price; you can often get great discounts on nice homes through an auction. However, you may get caught up in the fervor of the bidding process and pay more for a home than you ever intended.
The Condition of the Home may be Questionable
When you work with a real estate agent to buy a home in the traditional manner, you go through the home inspection process. This ensures the home is in sound structural condition.
In an auction, you have to go with the timeframe of the bidding process and most likely will not have time to get a home inspection performed. In fact, homes sold at auction are sold “as is.” That means no improvements will be made to the home, even if you had it inspected and found something wrong. Additionally, there’s no warranty and no legal recourse to get your money back if you find problems later.
Tax liens can be Costly
In foreclosure auctions, a property may have a tax lien. If you win the auction, you may then become responsible for the payment of the tax lien. It could be a small or large amount of money, but no matter the size, you may not be able to afford it on top of the cost of the house.
Large Payments in Short Timeframes
Lastly, consider that full payment may be required at the close of the sale; if not full payment, earnest money will at least be required. Because closing usually happens within a month of the auction, it’s always best to be pre-approved for your loan before you start bidding.
If you’re looking at Orlando real estate auctions for your dream home, do your homework first. You could end up with a fantastic deal, but, without enough information, you could also end up with a dead end.
If you’re looking for a great deal on a wonderful home, we can help. Call us today at 407-876-5771 for more information.
Like any endeavor, there are pros and cons in buying Orlando real estate at an auction. For instance, a pro for auctions might be the price; you can often get great discounts on nice homes through an auction. However, you may get caught up in the fervor of the bidding process and pay more for a home than you ever intended.
The Condition of the Home may be Questionable
When you work with a real estate agent to buy a home in the traditional manner, you go through the home inspection process. This ensures the home is in sound structural condition.
In an auction, you have to go with the timeframe of the bidding process and most likely will not have time to get a home inspection performed. In fact, homes sold at auction are sold “as is.” That means no improvements will be made to the home, even if you had it inspected and found something wrong. Additionally, there’s no warranty and no legal recourse to get your money back if you find problems later.
Tax liens can be Costly
In foreclosure auctions, a property may have a tax lien. If you win the auction, you may then become responsible for the payment of the tax lien. It could be a small or large amount of money, but no matter the size, you may not be able to afford it on top of the cost of the house.
Large Payments in Short Timeframes
Lastly, consider that full payment may be required at the close of the sale; if not full payment, earnest money will at least be required. Because closing usually happens within a month of the auction, it’s always best to be pre-approved for your loan before you start bidding.
If you’re looking at Orlando real estate auctions for your dream home, do your homework first. You could end up with a fantastic deal, but, without enough information, you could also end up with a dead end.
If you’re looking for a great deal on a wonderful home, we can help. Call us today at 407-876-5771 for more information.
Sunday, August 1, 2010
How Buying Orlando Real Estate is Like Running a Marathon
It's true. There are a lot of parallels between buying a piece of Orlando real estate and running a marathon.
The Starting Line
At first, there is excitement. The idea of buying a new home pulses in your veins and you can't wait to get started. You're like a runner in the blocks just itching to begin. Your muscles twitch in anticipation with every piece of Orlando real estate you see. That's when the real adrenaline rush kicks in.
Start Out Slowly
Keep to a steady, consistent pace and you’ll make it to the finish line. There's so much to do before you can get your Orlando real estate. Home appraisals, inspections and financing to apply for…
You start to think about all the 'what ifs,' like what if you don't get the financing, what if something goes wrong, what if… goes on forever.
Stay Mentally Tough
Don't give into periods of self-doubt. Remember all that you’ve done and have faith in yourself and your real estate agent. Think about how hard you’ve worked and how rewarding it will be when you’re in your new home.
Hit the Wall
You feel like you simply can't go on any more and the ordeal is never going to end. Your mind hurts from the strain, but you keep pushing onward because it’s the only direction you can go after coming so far. Remind yourself that you'll get past this feeling. Keep day dreaming about that finish line.
Breakthrough Bliss
Suddenly things begin to happen. Home inspection reports come back. Financing is approved. You begin to breathe easier, the pain goes away, and you are sailing free and clear toward the finish line.
The Finish Line
You sign all the papers at closing and the keys are placed in your hand. Congratulations! You’re a winner.
When you’re ready to buy a home, we can help you from start to finish. Contact us today at 407-876-5771.
The Starting Line
At first, there is excitement. The idea of buying a new home pulses in your veins and you can't wait to get started. You're like a runner in the blocks just itching to begin. Your muscles twitch in anticipation with every piece of Orlando real estate you see. That's when the real adrenaline rush kicks in.
Start Out Slowly
Keep to a steady, consistent pace and you’ll make it to the finish line. There's so much to do before you can get your Orlando real estate. Home appraisals, inspections and financing to apply for…
You start to think about all the 'what ifs,' like what if you don't get the financing, what if something goes wrong, what if… goes on forever.
Stay Mentally Tough
Don't give into periods of self-doubt. Remember all that you’ve done and have faith in yourself and your real estate agent. Think about how hard you’ve worked and how rewarding it will be when you’re in your new home.
Hit the Wall
You feel like you simply can't go on any more and the ordeal is never going to end. Your mind hurts from the strain, but you keep pushing onward because it’s the only direction you can go after coming so far. Remind yourself that you'll get past this feeling. Keep day dreaming about that finish line.
Breakthrough Bliss
Suddenly things begin to happen. Home inspection reports come back. Financing is approved. You begin to breathe easier, the pain goes away, and you are sailing free and clear toward the finish line.
The Finish Line
You sign all the papers at closing and the keys are placed in your hand. Congratulations! You’re a winner.
When you’re ready to buy a home, we can help you from start to finish. Contact us today at 407-876-5771.
Orlando Home Warranty FAQ
In today’s real estate market, it’s helpful when homeowners add incentives to sell their Orlando homes. Incentives may include paying a portion of the buyer’s closing costs, reducing the sale price or offering a home warranty.
Many sellers and buyers are unaware of the advantages of home warranties, so below are answers to some frequently asked questions about home warranties:
• What is a home warranty? A home warranty is a policy that covers the repair or replacement of home systems and appliances. They are typically annual policies that can be renewed and usually cost between $250 and $500.
• Who pays for a home warranty? Either the seller or the buyer can pay for the home warranty, but sellers usually cover the cost as an incentive for selling their Orlando home. Sometimes real estate agents offer home warranties as a closing gift.
• What is covered? This will depend on the terms of your warranty. Most warranties cover the air conditioner, dishwasher, furnace or heating system, water heater, ductwork, garbage disposal, inside plumbing, electrical systems, range and oven, and telephone wiring. Check with your home warranty for your specific coverage.
• What is not covered? Again, this will depend on the terms of your warranty. However, most warranties do not cover outdoor sprinklers, certain faucet repairs, refrigerators, washers and dryers, garage door openers, spas, and pools. Check with your home warranty for your specific coverage.
• How do I file a claim? If you have to file a claim, contact your home warranty company. They will call a service provider who will set up an appointment. You will have to pay a small service fee that is usually less than $100.
Want to buy an Orlando home that comes with a warranty? We can help. Call us today at 407-876-5771.
Many sellers and buyers are unaware of the advantages of home warranties, so below are answers to some frequently asked questions about home warranties:
• What is a home warranty? A home warranty is a policy that covers the repair or replacement of home systems and appliances. They are typically annual policies that can be renewed and usually cost between $250 and $500.
• Who pays for a home warranty? Either the seller or the buyer can pay for the home warranty, but sellers usually cover the cost as an incentive for selling their Orlando home. Sometimes real estate agents offer home warranties as a closing gift.
• What is covered? This will depend on the terms of your warranty. Most warranties cover the air conditioner, dishwasher, furnace or heating system, water heater, ductwork, garbage disposal, inside plumbing, electrical systems, range and oven, and telephone wiring. Check with your home warranty for your specific coverage.
• What is not covered? Again, this will depend on the terms of your warranty. However, most warranties do not cover outdoor sprinklers, certain faucet repairs, refrigerators, washers and dryers, garage door openers, spas, and pools. Check with your home warranty for your specific coverage.
• How do I file a claim? If you have to file a claim, contact your home warranty company. They will call a service provider who will set up an appointment. You will have to pay a small service fee that is usually less than $100.
Want to buy an Orlando home that comes with a warranty? We can help. Call us today at 407-876-5771.
Thursday, July 1, 2010
I’ll Sell My Own Orlando Real Estate, Thanks
As I’m sure you know, the real estate industry is in a down market, and the last thing you want to do is pay commission to an Orlando real estate agent. Not to mention that you’re almost positive you can sell your home just fine on your own. Before sticking a “For Sale by Owner” sign up, however, make sure you’re ready for the work and headaches.
• Time. Yes, you can sell your Orlando real estate on your own without the help of an agent, but it takes a lot of preparation and time. How much is your time worth and how much time do you have? Before you step out on your own, make sure you can afford the time and energy investment.
• Extra services for better value. You’ll lose out on a wide variety of services offered by real estate agents. For example, many agents now provide home staging services as well as extensive advertising and marketing services both online and off.
• Dealing with the legalities. Selling a home involves contracts, closings and a multitude of legal issues that can make or break a sale. Real estate transactions have occasionally led to outcomes that were unexpected, including lawsuits. A professional helps ensure that the contracts are legally sound and binding.
• Knowing the market. Real estate agents have instant access to current market information. We can find an accurate selling range within minutes. Since the real estate market constantly fluctuates, it’s important to know what area homes sell for before pricing your own. Otherwise, your risk underselling or overpricing your home.
These are just a few points. You also need exposure to buyers, experience with legal contracts and excellent negotiating skills. Can you sell your own Orlando real estate? Yes, but can you really afford to?
If you’re trying to sell your home and need professional expertise, we can help. Call us at 407-876-5771 for more information.
• Time. Yes, you can sell your Orlando real estate on your own without the help of an agent, but it takes a lot of preparation and time. How much is your time worth and how much time do you have? Before you step out on your own, make sure you can afford the time and energy investment.
• Extra services for better value. You’ll lose out on a wide variety of services offered by real estate agents. For example, many agents now provide home staging services as well as extensive advertising and marketing services both online and off.
• Dealing with the legalities. Selling a home involves contracts, closings and a multitude of legal issues that can make or break a sale. Real estate transactions have occasionally led to outcomes that were unexpected, including lawsuits. A professional helps ensure that the contracts are legally sound and binding.
• Knowing the market. Real estate agents have instant access to current market information. We can find an accurate selling range within minutes. Since the real estate market constantly fluctuates, it’s important to know what area homes sell for before pricing your own. Otherwise, your risk underselling or overpricing your home.
These are just a few points. You also need exposure to buyers, experience with legal contracts and excellent negotiating skills. Can you sell your own Orlando real estate? Yes, but can you really afford to?
If you’re trying to sell your home and need professional expertise, we can help. Call us at 407-876-5771 for more information.
How to Set a Kitchen Renovation Budget on Orlando Homes
There are many Orlando homes currently for sale. An obvious question you must ask yourself in today’s market is how to make your home stand out.
Whether you’re a real estate investor wanting to flip several Orlando homes or a homeowner selling your current home, one of the top ways to increase your home’s value is remodeling the kitchen. The kitchen is the central meeting place of the American family and people want it to be modern and up to date.
Do a Price Comparison among Orlando Homes
Your renovation budget is one of the primary concerns to take into account before you begin. The current value of your home, as compared to other homes in your neighborhood, is one way to determine how much you should spend on your kitchen renovation.
• Higher Price Range = Lower Budget Needed. Is your home worth about the same or more than most homes in your neighborhood? This indicates a diminished chance of selling for much more, even after enhancements. Stick with a moderate budget. This may seem contrary to instinct but it’s true.
• Lower Price Range = Higher Budget Needed. On the other hand, if your home is appraising lower than those in the area (or is decidedly on the lower end of the scale) investing more in excellent kitchen remodeling is a great way to increase the value of your home.
Overspending Yields Lower Rate of Return
Investing too much on one aspect of your home (especially a home that's already approaching the price ceiling for the area) is a potential money burner. Keep a moderate budget, and if you have more money to spend, invest it in other areas of your home (exterior improvements, for example).
Perception Is Reality
Once you decide on a budget, remember that appearance is everything. Faux marble, for instance, looks about as nice as marble. The only reason for genuine marble or solid oak is bragging rights. A new faucet on a moderately up-to-date sink is almost as impressive visually as a totally new sink.
“Do one thing… And do it well,” applies here. If you must add luxury, add it to one element and cover the rest with perception strategies.
If you’d like additional advice on the home improvements that are most likely to increase the value of your home, we would be happy to help. Call us today at 407-876-5771.
Whether you’re a real estate investor wanting to flip several Orlando homes or a homeowner selling your current home, one of the top ways to increase your home’s value is remodeling the kitchen. The kitchen is the central meeting place of the American family and people want it to be modern and up to date.
Do a Price Comparison among Orlando Homes
Your renovation budget is one of the primary concerns to take into account before you begin. The current value of your home, as compared to other homes in your neighborhood, is one way to determine how much you should spend on your kitchen renovation.
• Higher Price Range = Lower Budget Needed. Is your home worth about the same or more than most homes in your neighborhood? This indicates a diminished chance of selling for much more, even after enhancements. Stick with a moderate budget. This may seem contrary to instinct but it’s true.
• Lower Price Range = Higher Budget Needed. On the other hand, if your home is appraising lower than those in the area (or is decidedly on the lower end of the scale) investing more in excellent kitchen remodeling is a great way to increase the value of your home.
Overspending Yields Lower Rate of Return
Investing too much on one aspect of your home (especially a home that's already approaching the price ceiling for the area) is a potential money burner. Keep a moderate budget, and if you have more money to spend, invest it in other areas of your home (exterior improvements, for example).
Perception Is Reality
Once you decide on a budget, remember that appearance is everything. Faux marble, for instance, looks about as nice as marble. The only reason for genuine marble or solid oak is bragging rights. A new faucet on a moderately up-to-date sink is almost as impressive visually as a totally new sink.
“Do one thing… And do it well,” applies here. If you must add luxury, add it to one element and cover the rest with perception strategies.
If you’d like additional advice on the home improvements that are most likely to increase the value of your home, we would be happy to help. Call us today at 407-876-5771.
Friday, June 4, 2010
Is Your Orlando Home Making You Sick?
Unexplained headaches and nausea, getting sick more often than normal, showing signs of allergies that have never been there before – your Orlando home may be making you sick.
How do you find out if your Orlando home is making you sick? Look for individual sources of pollution:
• Tobacco smoke – If you’re a smoker, smoke outside. Sitting in a cloud can cause dizziness, nausea and other side effects. These problems are especially harsh if you’re a non-smoker in a home full of smoke. As well, the smoke settles into fabrics and on walls and ceilings for the carcinogens to be released into the air on a regular basis.
• Radon – Because radon is odorless and invisible, the best way to find out if you have a problem is to have a radon test done on your home. The U.S. Surgeon General and EPA recommend that all homes be tested.
• Asbestos – Pretty much everyone knows that asbestos is a health hazard, but you may not think it’s in your house. If it was built between 1920 and 1978, however, there’s a high possibility. If there’s asbestos in your house, hire a specially trained, licensed contractor to remove it.
• Pesticides – If you have a problem with bugs and use pesticides, you may have a problem with pesticides as well. Many chemical pesticide manufacturers are producing natural pesticide solutions and putting them on the shelves. Symptoms from pesticides include feeling light-headed, dizzy or nauseous. If you have those, switch to a natural pesticide.
• Mold/mildew – Mold and mildew is a common cause for asthma, allergies and other respiratory problems. A long-term cough, difficulty breathing and excessive morning phlegm may point to mold spores in the air. Have a professional scan your house for mold. It may be expensive to take care of, depending on the size of the problem, but you’ll have a lot less doctor visits and feel better.
Other issues may be damaging the indoor air quality of your Orlando home. If you want to make your house healthier, visit the EPA website for more information.
If you’re looking for a healthy home to buy, we can help. Call us at 407-876-5771 for more information.
How do you find out if your Orlando home is making you sick? Look for individual sources of pollution:
• Tobacco smoke – If you’re a smoker, smoke outside. Sitting in a cloud can cause dizziness, nausea and other side effects. These problems are especially harsh if you’re a non-smoker in a home full of smoke. As well, the smoke settles into fabrics and on walls and ceilings for the carcinogens to be released into the air on a regular basis.
• Radon – Because radon is odorless and invisible, the best way to find out if you have a problem is to have a radon test done on your home. The U.S. Surgeon General and EPA recommend that all homes be tested.
• Asbestos – Pretty much everyone knows that asbestos is a health hazard, but you may not think it’s in your house. If it was built between 1920 and 1978, however, there’s a high possibility. If there’s asbestos in your house, hire a specially trained, licensed contractor to remove it.
• Pesticides – If you have a problem with bugs and use pesticides, you may have a problem with pesticides as well. Many chemical pesticide manufacturers are producing natural pesticide solutions and putting them on the shelves. Symptoms from pesticides include feeling light-headed, dizzy or nauseous. If you have those, switch to a natural pesticide.
• Mold/mildew – Mold and mildew is a common cause for asthma, allergies and other respiratory problems. A long-term cough, difficulty breathing and excessive morning phlegm may point to mold spores in the air. Have a professional scan your house for mold. It may be expensive to take care of, depending on the size of the problem, but you’ll have a lot less doctor visits and feel better.
Other issues may be damaging the indoor air quality of your Orlando home. If you want to make your house healthier, visit the EPA website for more information.
If you’re looking for a healthy home to buy, we can help. Call us at 407-876-5771 for more information.
Industry Changes to Help Sell Your Orlando Real Estate
Like most industries, the Orlando real estate industry changes with the times. We still have the same mind-set, but the strategies we use differ from, say, before the internet. As the Orlando real estate industry improves with the use of online and mobile tools, “change” translates to a better result on the sale of your home.
Changes to the Real Estate Industry
Due to uncertain lending practices and unregulated appraisal services, the real estate game needed to change. The National Association of Realtors® pushed for change, appraisers pushed for change, the government pushed for change and, of course (it’s the government, after all), change happened.
The government mandated new regulations for lending practices. They poured tax incentives into the economy and, simply by chain of reaction, changed the real estate industry.
What This Means to You
This isn’t bad news. In fact, it’s rather good news. The emphasis on education, a new code of ethics and advanced technology is a boon to today’s Orlando real estate market and you, as the home seller. Why? Because you have a broader reach than ever before. As well, we, the successful agents, must keep our competitive edge on any lending, marketing and technical advantages and turn that edge into advantages for you.
The focus of the new-age real estate agent is on - not just one or two things - but on everything and anything that can bring buyers to your home.
Today’s Orlando real estate agents evaluate, market, create strategies, work with technology and are in constant contact with hundreds of potential buyers. We know you need expert representation to sell your home. You expect it, and we provide it.
When you’re ready to sell your home, call us at 407-876-5771 for expert representation you can rely on.
Changes to the Real Estate Industry
Due to uncertain lending practices and unregulated appraisal services, the real estate game needed to change. The National Association of Realtors® pushed for change, appraisers pushed for change, the government pushed for change and, of course (it’s the government, after all), change happened.
The government mandated new regulations for lending practices. They poured tax incentives into the economy and, simply by chain of reaction, changed the real estate industry.
What This Means to You
This isn’t bad news. In fact, it’s rather good news. The emphasis on education, a new code of ethics and advanced technology is a boon to today’s Orlando real estate market and you, as the home seller. Why? Because you have a broader reach than ever before. As well, we, the successful agents, must keep our competitive edge on any lending, marketing and technical advantages and turn that edge into advantages for you.
The focus of the new-age real estate agent is on - not just one or two things - but on everything and anything that can bring buyers to your home.
Today’s Orlando real estate agents evaluate, market, create strategies, work with technology and are in constant contact with hundreds of potential buyers. We know you need expert representation to sell your home. You expect it, and we provide it.
When you’re ready to sell your home, call us at 407-876-5771 for expert representation you can rely on.
Friday, May 7, 2010
The Home Inspection and Your Orlando Home for Sale
The home inspection is one of the most important considerations that can directly impact your Orlando home for sale.
According to the National Association of REALTORS®, 84 percent of all residential real estate transactions include a provision for home inspection. The purpose of this inspection is to provide an unbiased, analytical analysis of your Orlando home for sale. In a sense, this is the purchaser’s opportunity to avoid the “buyer beware” syndrome.
Because of the importance of the home inspection, as the seller, it’s an excellent idea to get your Orlando home for sale inspected before putting it on the market. That gives you a chance to fix any problems before potential buyers see your home.
How to Choose a Home Inspector
Not every state requires a home inspector to be licensed. Therefore, you need to do your homework before choosing a home inspector.
Well informed buyers and sellers usually ask for inspectors who are members of either the American Society of Home Inspectors or the National Association of Home Inspectors.
Additionally, before hiring a home inspector ask for:
• A description of the services to be provided: A typical home inspection should include a thorough and itemized written report detailing the home’s structural elements, an exterior evaluation, roofing, plumbing electrical and appliance testing. Outbuildings and garages can also be included in the inspection. Items such as insect and rodent infestation and radon inspections can also be performed.
• A list of references: Be sure to contact these references and ask what they thought of the home inspector and whether or not they’d use the inspector again.
Now What?
Okay. Now, the inspection is performed and you’ve received the written report. You have a couple of options to resolve any problems noted in the report:
1. You can fix the problems yourself.
2. You can hire someone to fix the problems.
3. You can reduce the sales price by the estimated cost to fix the problems.
While it’s ultimately your decision, a professional real estate agent can help you determine which option will get your home sold the fastest and for the highest profit.
If you’d like recommendations to the best home inspectors in Orlando, or want help getting your home sold, give us a call at 407-876-5771.
According to the National Association of REALTORS®, 84 percent of all residential real estate transactions include a provision for home inspection. The purpose of this inspection is to provide an unbiased, analytical analysis of your Orlando home for sale. In a sense, this is the purchaser’s opportunity to avoid the “buyer beware” syndrome.
Because of the importance of the home inspection, as the seller, it’s an excellent idea to get your Orlando home for sale inspected before putting it on the market. That gives you a chance to fix any problems before potential buyers see your home.
How to Choose a Home Inspector
Not every state requires a home inspector to be licensed. Therefore, you need to do your homework before choosing a home inspector.
Well informed buyers and sellers usually ask for inspectors who are members of either the American Society of Home Inspectors or the National Association of Home Inspectors.
Additionally, before hiring a home inspector ask for:
• A description of the services to be provided: A typical home inspection should include a thorough and itemized written report detailing the home’s structural elements, an exterior evaluation, roofing, plumbing electrical and appliance testing. Outbuildings and garages can also be included in the inspection. Items such as insect and rodent infestation and radon inspections can also be performed.
• A list of references: Be sure to contact these references and ask what they thought of the home inspector and whether or not they’d use the inspector again.
Now What?
Okay. Now, the inspection is performed and you’ve received the written report. You have a couple of options to resolve any problems noted in the report:
1. You can fix the problems yourself.
2. You can hire someone to fix the problems.
3. You can reduce the sales price by the estimated cost to fix the problems.
While it’s ultimately your decision, a professional real estate agent can help you determine which option will get your home sold the fastest and for the highest profit.
If you’d like recommendations to the best home inspectors in Orlando, or want help getting your home sold, give us a call at 407-876-5771.
Wednesday, April 7, 2010
Buying Orlando Homes – Why You Might Not Want to Wait
Surprising numbers of potential homebuyers are holding off on buying Orlando homes. They see the housing prices drop and are waiting for them to go lower. They see the mortgage rates and are waiting for them to drop further. If this is you, you might want to rethink your strategy and take a real look at potential Orlando homes.
Here are two crucial reasons why you might not want to wait any longer:
1. Interest Rates on the Rise - Thanks to the Federal Reserve buying $1.23 trillion worth of mortgages, interest rates have been kept somewhere between 4.93% and 5.09% for a 30-year fixed-rate loan. That’s about 0.4 % lower than it might be without the Fed’s help. However, by the end of 2009, the Federal Reserve had already started implementing a phase out of the mortgage program. With the Fed program closing at the beginning of this month, it’s not a question of whether mortgage rates will rise, but when, how much and how fast. The experts don’t expect them to climb very high, stopping somewhere between 5.5% and 6% by the end of 2010.
2. Lower Home Prices - Home prices, predicted to drop another 5% in 2010, will also make some difference in overall cost. Putting the falling home prices together with the currently low interest rates, you still have a chance to get a great home at a great deal – for a little while longer.
Instead of waiting for lower costs that may never come, consider where you are now:
• Do you have good credit?
• Are you pre-approved (not pre-qualified) for a mortgage loan?
• Do you know how much home you can afford?
• Are you certain (or as certain as you can be) of your job stability?
It’s very possible that the market will never be better than it is right now for buyers. It’s a buyers’ real estate market, with the scales tipped to make homeownership as cheap as it can get. If you can afford to buy now, but are waiting for things to get even better, reconsider – you might wait yourself into a market you can no longer afford!
Ready to take advantage of this buyers’ market and purchase one of the Orlando homes for sale? we can help. Call us today at 407-876-5771 for more information.
Here are two crucial reasons why you might not want to wait any longer:
1. Interest Rates on the Rise - Thanks to the Federal Reserve buying $1.23 trillion worth of mortgages, interest rates have been kept somewhere between 4.93% and 5.09% for a 30-year fixed-rate loan. That’s about 0.4 % lower than it might be without the Fed’s help. However, by the end of 2009, the Federal Reserve had already started implementing a phase out of the mortgage program. With the Fed program closing at the beginning of this month, it’s not a question of whether mortgage rates will rise, but when, how much and how fast. The experts don’t expect them to climb very high, stopping somewhere between 5.5% and 6% by the end of 2010.
2. Lower Home Prices - Home prices, predicted to drop another 5% in 2010, will also make some difference in overall cost. Putting the falling home prices together with the currently low interest rates, you still have a chance to get a great home at a great deal – for a little while longer.
Instead of waiting for lower costs that may never come, consider where you are now:
• Do you have good credit?
• Are you pre-approved (not pre-qualified) for a mortgage loan?
• Do you know how much home you can afford?
• Are you certain (or as certain as you can be) of your job stability?
It’s very possible that the market will never be better than it is right now for buyers. It’s a buyers’ real estate market, with the scales tipped to make homeownership as cheap as it can get. If you can afford to buy now, but are waiting for things to get even better, reconsider – you might wait yourself into a market you can no longer afford!
Ready to take advantage of this buyers’ market and purchase one of the Orlando homes for sale? we can help. Call us today at 407-876-5771 for more information.
Introducing Buena Vista Development Services .com
BVDServices.com is headquartered in Orlando, Florida. It's owned and operated by a small group of seasoned entrepreneurs with decades of business and marketing experience. They specialize in business development, real estate marketing, business inovation, (SEO) search engine optimization, (SEM) search engine marketing, (SNM) social network marketing, lead conversion, lead generation and internet marketing.
Will Your Credit Stop You from Getting an Orlando Real Estate Loan?
Good credit is more important than ever, if you want to get an Orlando real estate loan. Knowing what’s on your credit report and how lenders view various aspects of your report is crucial.
First Things First
Get a copy of your credit report from all three of the credit reporting companies: Equifax, Experian, and TransUnion. You are entitled to one free report every year from each of the three credit reporting companies. Whether you’re considering getting a loan or not, you should always take advantage of that opportunity to make sure your credit reports are accurate.
Range
FICO® scores range from 365 to 840. While the standards for what lenders consider a “good” FICO® score changes constantly and varies by lender, here’s a general breakdown of today’s standards:
• Over 750 is excellent and should get you the best terms and rates.
• Under 600 might get you an Orlando real estate loan, but you’ll want to shop for the lender who’ll give you the best rates and terms.
• Under 500, you need to brace yourself for waiting until you get your credit in better condition.
What Determines Your Score
There are many things that can affect your score. Magically (or not), each of the three companies tend to view things just a little differently, which means your score will not be the exact same for all three. That’s why it's so important to get copies of your report from all of them. However, the two main things that all companies consider in rating your credit score are delinquencies and debt-to-income ratio.
What You Can Do To Immediately Improve Your Score
• Check the entries: Make sure any debts or delinquencies listed are true. Report any errors.
• Pay off debts: But do not close accounts. Having available credit is good as long as it doesn't look like you’re over-extended by having your credit maxed out. The lender may worry that you’re living off your credit and can't afford your bills.
If you would like more tips on how to improve your chances of getting an Orlando real estate loan, we can help. Call us today at 407-876-5771 for more information.
First Things First
Get a copy of your credit report from all three of the credit reporting companies: Equifax, Experian, and TransUnion. You are entitled to one free report every year from each of the three credit reporting companies. Whether you’re considering getting a loan or not, you should always take advantage of that opportunity to make sure your credit reports are accurate.
Range
FICO® scores range from 365 to 840. While the standards for what lenders consider a “good” FICO® score changes constantly and varies by lender, here’s a general breakdown of today’s standards:
• Over 750 is excellent and should get you the best terms and rates.
• Under 600 might get you an Orlando real estate loan, but you’ll want to shop for the lender who’ll give you the best rates and terms.
• Under 500, you need to brace yourself for waiting until you get your credit in better condition.
What Determines Your Score
There are many things that can affect your score. Magically (or not), each of the three companies tend to view things just a little differently, which means your score will not be the exact same for all three. That’s why it's so important to get copies of your report from all of them. However, the two main things that all companies consider in rating your credit score are delinquencies and debt-to-income ratio.
What You Can Do To Immediately Improve Your Score
• Check the entries: Make sure any debts or delinquencies listed are true. Report any errors.
• Pay off debts: But do not close accounts. Having available credit is good as long as it doesn't look like you’re over-extended by having your credit maxed out. The lender may worry that you’re living off your credit and can't afford your bills.
If you would like more tips on how to improve your chances of getting an Orlando real estate loan, we can help. Call us today at 407-876-5771 for more information.
Monday, March 8, 2010
Should You Consider a Short Sale on Your Orlando Home?
A short sale happens when a lender agrees to accept less than the balance remaining on a home. It is a way for sellers to avoid foreclosure and sell their Orlando homes.
It seems like a good idea for people who owe more on their home than it’s worth, but that doesn’t mean it is right for everyone. Should you consider a short sale on your Orlando home?
Pros to doing a short sale:
• You will be able to sell your property, get out from under a mortgage you cannot afford and lower your debt.
• You can still sell your property in a declining real estate market, even if you owe more than the home is worth.
• Buyers sometimes get good deals on the property or may be able to buy a home at market value in a popular area they couldn't previously afford.
• While a short sale isn't ideal, it is typically better than a foreclosure which stays on your credit report for 10 years.
• If your home goes into foreclosure and is sold at auction for less than the mortgage, you can still be held responsible for making up the difference.
Cons to doing a short sale:
• The lender may refuse to do the short sale, or they may still hold you responsible for the remaining debt.
• The bank’s loss is considered taxable income for you, and you may have to pay taxes on the amount.
• Short sales do stay on your credit report and may make it difficult for you to a get loan in the future.
• You may have to find a real estate agent willing to work for a smaller commission.
• Short sales take longer to close than traditional home sales.
We can help you decide if a short sale on your Orlando home is right for you. Call us today at 407-876-5771 for more information about your selling options.
It seems like a good idea for people who owe more on their home than it’s worth, but that doesn’t mean it is right for everyone. Should you consider a short sale on your Orlando home?
Pros to doing a short sale:
• You will be able to sell your property, get out from under a mortgage you cannot afford and lower your debt.
• You can still sell your property in a declining real estate market, even if you owe more than the home is worth.
• Buyers sometimes get good deals on the property or may be able to buy a home at market value in a popular area they couldn't previously afford.
• While a short sale isn't ideal, it is typically better than a foreclosure which stays on your credit report for 10 years.
• If your home goes into foreclosure and is sold at auction for less than the mortgage, you can still be held responsible for making up the difference.
Cons to doing a short sale:
• The lender may refuse to do the short sale, or they may still hold you responsible for the remaining debt.
• The bank’s loss is considered taxable income for you, and you may have to pay taxes on the amount.
• Short sales do stay on your credit report and may make it difficult for you to a get loan in the future.
• You may have to find a real estate agent willing to work for a smaller commission.
• Short sales take longer to close than traditional home sales.
We can help you decide if a short sale on your Orlando home is right for you. Call us today at 407-876-5771 for more information about your selling options.
Buyer Beware: Worldwide, National, Orlando Homes and Scams
Whether you’re looking at Orlando homes, homes across the nation or homes abroad, there's always the possibility of getting caught in a scam.
Many potential homebuyers and renters choose to go it alone and find the home of their dreams without professional help. While this method of house hunting works for some it definitely doesn’t work for all, and the consequences often far outweigh the benefits. Yes, the same can apply for home sellers as well!
Real Estate Scams
Here are a few real estate scams to watch out for:
• Down Payment Assistance Programs are wonderful gifts for potential buyers of Orlando homes. However, there are certain rules that have to be followed for this down payment gift to be legal. For instance, as a gift, the homebuyer doesn’t have to pay it back. Some unscrupulous companies offer Down Payment Assistance Programs but expect the money back. This isn’t a gift; it’s a loan, and illegal if the program is listed as “down payment assistance."
• Property flipping scams happen when a con artist buys a home and sells it as an investment opportunity with zero down payment, no closing costs, low interest rate, etc. Although it sounds like a great deal, it becomes a scam when the house is severely overpriced and the buyer pays way more than the house is worth.
• Craigslist is an excellent resource for those wanting to buy or sell something. However, it is also a great source for con artists, who have turned their eyes to the real estate market. The scammers take information from legitimate listings on other websites (such as REALTOR® websites) and post it as their own on Craigslist. They often mention that they had to move for some reason, but can still rent/sell the home. All the buyers or renters have to do is send them their personal information and the first month’s rent or down payment.
It’s easy to get caught up in the excitement and forget to protect yourself. Be cautious when looking for Orlando homes or selling them. Always check references and backgrounds. As well, if the home seller is in another country or another state, ask them if they’d be willing to use a local real estate agent. Then be sure to verify the agent’s credentials.
If you want to buy or sell a house and need a professional, we can help. Call us at 407-876-7551 for more information.
Many potential homebuyers and renters choose to go it alone and find the home of their dreams without professional help. While this method of house hunting works for some it definitely doesn’t work for all, and the consequences often far outweigh the benefits. Yes, the same can apply for home sellers as well!
Real Estate Scams
Here are a few real estate scams to watch out for:
• Down Payment Assistance Programs are wonderful gifts for potential buyers of Orlando homes. However, there are certain rules that have to be followed for this down payment gift to be legal. For instance, as a gift, the homebuyer doesn’t have to pay it back. Some unscrupulous companies offer Down Payment Assistance Programs but expect the money back. This isn’t a gift; it’s a loan, and illegal if the program is listed as “down payment assistance."
• Property flipping scams happen when a con artist buys a home and sells it as an investment opportunity with zero down payment, no closing costs, low interest rate, etc. Although it sounds like a great deal, it becomes a scam when the house is severely overpriced and the buyer pays way more than the house is worth.
• Craigslist is an excellent resource for those wanting to buy or sell something. However, it is also a great source for con artists, who have turned their eyes to the real estate market. The scammers take information from legitimate listings on other websites (such as REALTOR® websites) and post it as their own on Craigslist. They often mention that they had to move for some reason, but can still rent/sell the home. All the buyers or renters have to do is send them their personal information and the first month’s rent or down payment.
It’s easy to get caught up in the excitement and forget to protect yourself. Be cautious when looking for Orlando homes or selling them. Always check references and backgrounds. As well, if the home seller is in another country or another state, ask them if they’d be willing to use a local real estate agent. Then be sure to verify the agent’s credentials.
If you want to buy or sell a house and need a professional, we can help. Call us at 407-876-7551 for more information.
Thursday, February 11, 2010
Buyer’s Guide to Your Orlando Home’s Appraisal Terms
If you're getting a mortgage on a home, your lender will require an appraisal. This is performed by a licensed appraiser who evaluates your home and determines its value. Here is a guide to your Orlando home’s appraisal terms.
• Age: The actual age of your home is how long since your home has been built. The effective age is the adjusted age of your home based on improvements and repairs.
• Adjustments: Comparison Orlando homes are usually not exact replicas of your home. The appraiser will make adjustments for things like premium views or swimming pools to bring the home values closer together.
• Appraisal: This is the estimated value of your home based on the appraiser’s documentation.
• Comparison approach: A type of appraisal in which your home is compared with others in your area. Most appraisers use this approach because the market determines what your home will sell for.
• Cost approach: A type of appraisal in which your home is valued based on how much it would cost to replace it if it was destroyed. This is typically used on newer constructions.
• Depreciation: Depreciation is a loss in value due to age or condition.
• Easements: Your electric company or local government may have an easement, or right to use your land.
• Encroachments: When you or your neighbors have items like fences resting on each other’s property, it is called encroachment.
• Market value: This is the highest price you could expect to get for your home under normal circumstances.
• Remaining economic life: This is the time from the appraisal when improvements become useless or valueless.
• Subject property: Your property is called the subject property.
Let us help you through the process of buying your next Orlando home. Call us today at 407-876-5771 for more information.
• Age: The actual age of your home is how long since your home has been built. The effective age is the adjusted age of your home based on improvements and repairs.
• Adjustments: Comparison Orlando homes are usually not exact replicas of your home. The appraiser will make adjustments for things like premium views or swimming pools to bring the home values closer together.
• Appraisal: This is the estimated value of your home based on the appraiser’s documentation.
• Comparison approach: A type of appraisal in which your home is compared with others in your area. Most appraisers use this approach because the market determines what your home will sell for.
• Cost approach: A type of appraisal in which your home is valued based on how much it would cost to replace it if it was destroyed. This is typically used on newer constructions.
• Depreciation: Depreciation is a loss in value due to age or condition.
• Easements: Your electric company or local government may have an easement, or right to use your land.
• Encroachments: When you or your neighbors have items like fences resting on each other’s property, it is called encroachment.
• Market value: This is the highest price you could expect to get for your home under normal circumstances.
• Remaining economic life: This is the time from the appraisal when improvements become useless or valueless.
• Subject property: Your property is called the subject property.
Let us help you through the process of buying your next Orlando home. Call us today at 407-876-5771 for more information.
High Orlando Foreclosures Equals Great Deals
The extension of the homebuyer’s tax credit, as well as the expansion to include upgrade homebuyers, has a lot of people looking for their dream home. Many are looking for that dream home in the listings for Orlando foreclosures. Why?
The Law of Supply and Demand
Quick marketing lesson: every market is dependent on the law of supply and demand. When the demand for a product is higher than the supply, prices go up. When there’s more product than demand, prices go down.
This is what’s happening now, especially with Orlando foreclosures. Around the U.S., the supply of homes has doubled in the past two years, reaching as high as a ten-month supply. While homebuyers have been reluctant to buy a foreclosure in the past, people are starting to rethink the situation because:
• Foreclosures are usually less expensive than traditional homes for sale. In fact, some buyers have found their dream home and bought it for pennies on the dollar.
• Foreclosed properties are generally in better condition that they used to be. In the past, foreclosed homes had a higher than average amount of repairs needed compared to other homes for sale. This is no longer necessarily true. Many foreclosured homes have been lovingly taken care of by their previous owners.
• Potential buyers of foreclosures have a wider variety from which to choose. They aren’t stuck with just one type of house in one neighborhood. For the careful new homebuyer, the possibilities really are almost endless.
Most foreclosed homes aren’t money pits. To protect yourself, make sure your real estate agent includes in the contract that you want to have the home inspected, and that if the home inspection finds major problems, you then have the right to walk away from the deal.
If you’re looking for a great home at a great price, we can help. Call us at407-876-5771 for more information.
The Law of Supply and Demand
Quick marketing lesson: every market is dependent on the law of supply and demand. When the demand for a product is higher than the supply, prices go up. When there’s more product than demand, prices go down.
This is what’s happening now, especially with Orlando foreclosures. Around the U.S., the supply of homes has doubled in the past two years, reaching as high as a ten-month supply. While homebuyers have been reluctant to buy a foreclosure in the past, people are starting to rethink the situation because:
• Foreclosures are usually less expensive than traditional homes for sale. In fact, some buyers have found their dream home and bought it for pennies on the dollar.
• Foreclosed properties are generally in better condition that they used to be. In the past, foreclosed homes had a higher than average amount of repairs needed compared to other homes for sale. This is no longer necessarily true. Many foreclosured homes have been lovingly taken care of by their previous owners.
• Potential buyers of foreclosures have a wider variety from which to choose. They aren’t stuck with just one type of house in one neighborhood. For the careful new homebuyer, the possibilities really are almost endless.
Most foreclosed homes aren’t money pits. To protect yourself, make sure your real estate agent includes in the contract that you want to have the home inspected, and that if the home inspection finds major problems, you then have the right to walk away from the deal.
If you’re looking for a great home at a great price, we can help. Call us at407-876-5771 for more information.
Saturday, February 6, 2010
Introducing our Internet Marketing Secret Weapon - Web Ranking SEO
Web Ranking SEO is a professional search engine optimization (SEO), search engine marketing (SEM), Internet marketing company located in Orlando, Florida. We provide full website analysis & optimization services like paid search, local search, nationwide search, e-commerce, link building, lead conversion, social media, blog and video promotion.
Visit WebRankingSEO
FREE Proposal - If you want to see high PageRank for your website, high quality customers, lead conversions and a sound online presence, then you need our help.
FREE SEO E-Book - Webrankingseo offers a comprehensive e-book that will simplify your quest for knowledge on the various aspects of SEO and Internet Marketing. Also included are many valuable tips, common mistakes, insider secrets and a wealth of information all FREE of charge
FREE SEO E-Book - Webrankingseo offers a comprehensive e-book that will simplify your quest for knowledge on the various aspects of SEO and Internet Marketing. Also included are many valuable tips, common mistakes, insider secrets and a wealth of information all FREE of charge
Tuesday, January 5, 2010
Buy Your Valentine One of the Orlando Foreclosures
Valentine’s Day is just around the corner. Are you wondering what to get your loved one? Buying Orlando foreclosures may not be on the top of your list, but maybe it should be. Do you need some extra room? Is it time to spread out? Are you a repeat buyer?
You’ve probably heard the term “buyer’s market” more often than you care to, but if you want to expand your living quarters, you might want to pay attention.
What is a buyer’s market?
The typical reply might be something like, “A buyer’s market is where the supply is greater than the demand; the heavier the supply, the stronger the buyer’s market.” What you really need to know is that a buyer’s market is heavily tipped in your favor. Mortgage rates, housing supply and negotiations are all pointed towards helping you find – and buy - the home of your dreams.
What’s so great about buying Orlando foreclosures or other homes for sale now?
Whether you’re a first-time buyer or currently own a home and want to upgrade, there are plenty of reasons to get into the action now:
• Home prices are lower than they’ve been in 12 years.
• Foreclosures are going for rock-bottom prices as lenders try to make up their losses.
• The number of programs to help buyers get into a new home is higher than it’s ever been.
• Between government programs, lenders’ programs and private programs, the chances of getting into a home you can afford are high.
• Many sellers are eager to find qualified buyers. If you’ve been pre-approved for a mortgage, you have a better stance in negotiations.
• Mortgage rates are lower than they’ve been in a long time, but are slowly starting to rise again.
These are just a few of the reasons.
Why buy foreclosures?
Foreclosures are selling at much lower prices than other homes. In fact, many expect to save at least 30% when buying foreclosed property and that percentage isn’t unrealistic.
If you’ve been trying to figure out what to buy your Valentine, and you’ve been thinking about buying a home, look around at Orlando foreclosures. Not only can you find a fantastic deal, but you’ll also be able to celebrate Valentine’s Day in a new home!
You’ve probably heard the term “buyer’s market” more often than you care to, but if you want to expand your living quarters, you might want to pay attention.
What is a buyer’s market?
The typical reply might be something like, “A buyer’s market is where the supply is greater than the demand; the heavier the supply, the stronger the buyer’s market.” What you really need to know is that a buyer’s market is heavily tipped in your favor. Mortgage rates, housing supply and negotiations are all pointed towards helping you find – and buy - the home of your dreams.
What’s so great about buying Orlando foreclosures or other homes for sale now?
Whether you’re a first-time buyer or currently own a home and want to upgrade, there are plenty of reasons to get into the action now:
• Home prices are lower than they’ve been in 12 years.
• Foreclosures are going for rock-bottom prices as lenders try to make up their losses.
• The number of programs to help buyers get into a new home is higher than it’s ever been.
• Between government programs, lenders’ programs and private programs, the chances of getting into a home you can afford are high.
• Many sellers are eager to find qualified buyers. If you’ve been pre-approved for a mortgage, you have a better stance in negotiations.
• Mortgage rates are lower than they’ve been in a long time, but are slowly starting to rise again.
These are just a few of the reasons.
Why buy foreclosures?
Foreclosures are selling at much lower prices than other homes. In fact, many expect to save at least 30% when buying foreclosed property and that percentage isn’t unrealistic.
If you’ve been trying to figure out what to buy your Valentine, and you’ve been thinking about buying a home, look around at Orlando foreclosures. Not only can you find a fantastic deal, but you’ll also be able to celebrate Valentine’s Day in a new home!
Was Your Orlando Real Estate Financing Declined?
If you’ve recently applied for credit to finance a Orlando real estate purchase, and were declined, you might be wondering why a lender would deny you credit. Most lenders have a checklist of qualifications necessary to get approval for a home loan, and some don’t have anything to do with what your credit score is. Here are the basic reasons a lender may deny a mortgage loan:
• Little or no credit. You may be under the mistaken impression that no credit is better than bad credit, but you’d be wrong. A blank credit history is not something a mortgage lender wants to see. A lender needs some idea of how you make payments. You can build your credit history by getting a department store credit card, and only using thirty percent of your available credit to make a purchase. Making regular payments will soon add up to good credit, and lenders will look more favorably at your loan application.
• Bad Credit. It'll be difficult to find a lender that will approve a person with bad credit. It’s not the end of the road. You can improve your credit score with a little hard work and still buy that Orlando real estate you want. You’ll want to get a copy of your credit report from all three of the major credit bureaus. If you have frequent late charges or many items in collections, you’ll need to call each company and arrange to get your accounts current. You’ll be surprised at the difference each timely payment makes on your credit score.
• Credit-to-Debt Ratio. Most mortgage lenders will decline a loan application if your credit to debt ratio is too high. The ratio is figured by dividing the amount of credit available to you by the amount that you are actually using. Using all or a high percentage of the credit available to you may leave the impression that you are short on money and will have trouble making loan payments.
Let us help you get on the road to a Orlando real estate loan. Call us at 407-876-5771 for more information.
• Little or no credit. You may be under the mistaken impression that no credit is better than bad credit, but you’d be wrong. A blank credit history is not something a mortgage lender wants to see. A lender needs some idea of how you make payments. You can build your credit history by getting a department store credit card, and only using thirty percent of your available credit to make a purchase. Making regular payments will soon add up to good credit, and lenders will look more favorably at your loan application.
• Bad Credit. It'll be difficult to find a lender that will approve a person with bad credit. It’s not the end of the road. You can improve your credit score with a little hard work and still buy that Orlando real estate you want. You’ll want to get a copy of your credit report from all three of the major credit bureaus. If you have frequent late charges or many items in collections, you’ll need to call each company and arrange to get your accounts current. You’ll be surprised at the difference each timely payment makes on your credit score.
• Credit-to-Debt Ratio. Most mortgage lenders will decline a loan application if your credit to debt ratio is too high. The ratio is figured by dividing the amount of credit available to you by the amount that you are actually using. Using all or a high percentage of the credit available to you may leave the impression that you are short on money and will have trouble making loan payments.
Let us help you get on the road to a Orlando real estate loan. Call us at 407-876-5771 for more information.
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