Orlando Real Estate

You have to check out these numbers whether you're thinking of buying, selling or just have an interest in #OrlandoRealEstate. Sales up almost 6.5%, prices up almost 7.5%, new contracts up almost 27.5%, and inventory is down almost 14%. Take a moment to watch this video breaking down the June #OrlandoRealEstate numbers courtesy of the Orlando Regional Realtor Association.



#OrlandoRealEstate
Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on July 17th, 2017 12:06 PM
Here is the latest breakdown of the #OrlandoRealEstate market for May 2017. Sales and prices continue to climb, while inventory remains very low. Please take a look at this brief video, courtesy of the Orlando Regional Realtor Association.

#OrlandoRealEstate
Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on June 15th, 2017 2:52 PM
Wow! Thank you for the great review. It was my pleasure helping you and your parents with this big move.

Read Joli M.'s review of David Welch-RE/MAX 200 Realty on Yelp
Posted in:General and tagged: Orlando real estate agent
Posted by David W. Welch on June 9th, 2017 7:45 AM
Kevin Duffey with https://www.windermerefla.com gave me this infographic he put together with the most expensive communities in Windermere, Florida. This is based on price per square foot for homes in this upscale #OrlandoRealEstate suburb.

Displaying windermere-homes.png

Posted by David W. Welch on May 26th, 2017 12:44 PM
Amazing #lakefront home at an even more amazing price. This property features one acre with 144' of frontage on Lake Harris, 2,400 sq ft home, boat house, dock and private ramp. Enjoy this drone footage, and just imagine sitting on the dock watching the sunset each evening. This is absolutely the best place to be for the Leesburg July 4th fireworks too.
Posted in:Listing and tagged: Leesburg Real Estate
Posted by David W. Welch on May 26th, 2017 7:15 AM
Check out this brief video with the official break down of the #OrlandoRealEstate market for April 2017, courtesy of the Orlando Regional Realtor Association. Sales are down slightly from a year ago, at least in part due to the lack of inventory of homes. Prices however continue outpace last year.

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on May 15th, 2017 1:57 PM

Which home improvements give the best payback?

If you’re thinking about remodeling your kitchen, or finishing your basement, you probably want to get your investment back when you sell your home. But when it comes to payback value of home improvements, some are definitely more profitable than others. As a general rule, kitchen and bathroom projects usually get a nice return on investment, typically 90% or more.Things like adding rooms or finishing basements tend to pay back the least.Finishing a basement usually returns less than 50%, so it’s not a project likely to show profit at selling time.


There are a number of factors that go into determining how well a project will pay back. Payback value depends a lot on the current market conditions in your area. If the market is hot and homes are selling fast, you can expect a higher payback value than you would get in a slow market.  

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The type of project you do and how it fits in with other homes in the area can have a big influence on payback too. If you put your money into the wrong type of improvement, you won’t get your money back. But if you're smart about what you do, you can make money. The payback will be better on improvements that are in demand and conform to neighborhood standards. Adding a second bathroom in a neighborhood where most homes have two bathrooms will give a high return on investment.  Building a large addition that makes your home twice as big as the other homes on the block probably won’t pay back very well. Likewise, the popularity of a project will factor into how much it pays back. An improvement heavily customized to your wants and needs won’t pay back as well as something more common to other homes in the neighborhood.

 

Another factor to consider is the cost of the improvements. If you can do the work yourself, you can save significantly on the cost of the project and greatly improve the chances of getting a good return on the investment.

Flowers are a great way to add Curb Appeal inexpensively. While you're at it, don't forget The Back Yard.

 

The list below is compiled from several published surveys and shows typical payback for some popular remodeling projects:

 

  • Kitchen remodeling – 90%
  • Add a bathroom – 90%
  • Bathroom remodeling – 80%
  • Install central heating – 90%
  • Install central air – 75%
  • Add a deck – 70%
  • Replace windows – 70%
  • Add a room – 55%
  • Build a pool – 45%
  • Finish a basement – 40% (not a lot of this in Orlando)
by David Welch
Orlando Real Estate
#OrlandoRealEstate
Posted by David W. Welch on May 15th, 2017 7:50 AM

Effective marketing is the key to selling your home quickly and getting the highest price. Aggressive, effective marketing of my Client's homes by every available medium is how I've become a top real estate agent in the Orlando area. It's my job to assure that you get as many qualified offers as possible, allowing you to extract the highest price the market will bear.

One of the most important elements of marketing your home effectively is setting the price right. Set the price too high, and you won't get any offers and your home will take too long to sell. Set it too low and you cheat yourself by not getting your home's full, fair value. As an expert in Winter Park area real estate, I analyze the market and set area home prices every single day. I'll work closely with you to assure that everything possible is done to get the highest price, in the time frame you need.

The condition and appearance of your home are also critical factors in getting the best price for your home. I'll personally walk through your home with you and advise you of what you can do to properly stage your home most effectively. Some areas are much more important and more likely to pay off than others! Often, the buyer is motivated by emotional responses as much or more than financial issues. There are usually things I can point out to you that are easy and inexpensive, yet go a long way toward triggering those "buy" emotions.

As your agent, I'll negotiate furiously on your behalf throughout the entire process to ensure that your best interests are protected. Real estate negotiations and contracts can be intimidating in their complexity. Most people have almost no experience in these negotiations. After all, how often do you buy or sell a new house? As a top real estate professional, getting you the best terms and prices in all negotiations is simply part of my job.
#OrlandoRealEstate

Posted by David W. Welch on May 11th, 2017 4:35 PM
I have often joked that I have such an odd profession. I have literally been in thousands of peoples homes, usually when they are not even there. I've looked in their cabinets, poked around in their closets, taken photos of their bathrooms and kitchens. What? Your home may be your castle, but when you put it up for sale, even your shower will end up on the internet. It does not end with the photos of your home, because the purpose of all those photos, measurements, and exposing the intimate details of your property is to attract strangers. Yes, strangers!

Selling your home is all about attracting the most strangers to your property, so they can check out your property in person. These people are guided through your home by another stranger that has probably never been there before. This guide is usually pointing out the pros and cons of your home, and helping the other strangers decide if your home is right for them. This guide makes an appointment with you, through your own guide, so you will know they are coming.

Here is one of the weirdest parts of selling your home. To prepare for the strangers coming to your house, you do everything the opposite of what you normally would do when you leave. You turn on all the lights, open all the blinds, turn the AC a little cooler (here in Orlando), turn on some smooth jazz, and if you have a security system - you turn it off.

Yes, selling your home is so weird.
#OrlandoRealEstate
Posted by David W. Welch on April 20th, 2017 7:53 AM
Sales are way up, prices continue their double digit increases over last year, and inventory is way down. All this can spell frustration for buyers. Check out this short video breaking down the #OrlandoRealEstate market results for March 2017.

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on April 17th, 2017 12:16 PM

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