Orlando Real Estate

Check out the latest #OrlandoRealEstate market results in this brief video, courtesy of the Orlando Regional Realtor Association.
Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on September 17th, 2018 10:44 AM
The lack of available housing has really held home sales gains back, but helped to push prices higher compared with a year ago. Check out this short video from the Orlando Regional Realtor Association breaking down the market results for July 2018. #OrlandoRealEstate
Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on August 15th, 2018 3:46 PM
Posted in:Houzz and tagged: home improvements
Posted by David W. Welch on August 15th, 2018 10:36 AM

To get your home sold quickly in the #OrlandoRealEstate market, it’s important that other agents in the area show it to as many potential buyers as possible. The first thing a good agent will do when working with buyers is talk to the buyer and learn what kind of home they are looking for. Then the agent will search all the available homes for those most closely matching what the buyer wants. Next, the agent puts together a list of the best matches to go show to the buyer. When a busy agent is compiling a list of homes to show a buyer, the agent will naturally tend to show those houses that are easiest to gain access to first. Many homes on the market have “lock boxes” on them. The lock box is a device which holds a key to the home, that only qualified local agents can access. Homes that are listed as being “lock box, no appointment needed” will get shown more often than homes listed as “agent has key, call for appointment”.  If at all possible, you should let your agent put a lock box on your home for easier showing. 

If you can’t do a lock box, you need to be sure that you make it as convenient and easy as possible for other agents to show your home.  If they call, do whatever you have to do to accommodate letting them show your home to buyers on their schedule.  If you don’t, the agent will probably show the buyer other homes, and if that buyer makes an offer on one of them, you’ve just lost a great opportunity.

It’s best if you can leave when the agent and buyer arrive to see your home.  Buyers won’t feel comfortable with you there, and it could sour an otherwise good impression. 

by David Welch

Orlando Real Estate

Posted by David W. Welch on July 30th, 2018 8:45 AM
Prices continue to climb, up 7% compared to a year ago, but sales and inventory dropped double digits compared to 2017. Check out this short video breakdown of the #OrlandoRealEstate market results for June 2018.

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on July 16th, 2018 11:34 AM
Thinking of real estate as a career? Check out this article by Emile L'Eplattenier in The Close. There are a lot of things you need to consider when going into real estate as a business. This piece covers a number of reasons why so many people fail in their first few years in the business.

Here in Orlando we have about 300 people joining the local Realtor Association each month, but we only have about 1,000 more members today compared to a year ago. That means we are losing over 200 per month on average. Many of the ones that hang on are not making a living at real estate. If you are thinking of joining our ranks or already knee deep in it, this is definitely a good read. I am thrilled they asked me to contribute, and you can catch my comments toward the bottom of the article.

Posted in:General and tagged: Real estate
Posted by David W. Welch on July 2nd, 2018 5:10 PM
The inventory of #OrlandoRealEstate listed as active is down about 15% compared to a year ago. The decline in homes available for sale really showed up in nearly a 12% drop in sales compared to May of 2017. The lack of inventory combined with strong demand pushed prices up more than 7% last month. The median sales price climbed from $218,000 a year ago to $234,000 last month.

Here is a brief video breakdown of last month's results courtesy of the Orlando Regional Realtor Association.

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on June 15th, 2018 10:50 AM
The inventory of #OrlandoRealEstate available for sale continues it's long decline. The number of homes active on the market in April was down 11% compared to a year ago. The demand for homes in Orlando continues to show strength with an 8% increase sales compared to last April. The combination of short supply and strong demand pushed the median sales price up 10% as we enter the months with typically the strongest sales. Check out this short video courtesy of the Orlando Regional Realtor Association.

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on May 15th, 2018 11:29 AM
Nobody Sells More Real Estate Than RE/MAX
Posted by David W. Welch on May 4th, 2018 9:40 AM

Foreclosure 101: What You Need to Know


Most people don’t know anything about the act of foreclosure, other than that it involves losing one’s home. However, foreclosure is a complex process, and isn’t inevitable even if you are struggling to pay your mortgage or are months behind on payments. Here’s a brief overview that covers what foreclosure is, how to avoid foreclosure, how to stop scammers, tips for purchasing a home after foreclosure, and how a real estate agent can help--


Foreclosure Defined


Foreclosure is the act of the bank or lender taking possession of a home when the party holding the mortgage fails to make payments. Foreclosure doesn’t happen immediately; the bank must first send a notice of default, which is issued after the fourth missed monthly payment.


How to Avoid Foreclosure


Foreclosure isn’t inevitable, even if you’re behind on payments. You should work with an experienced professional to explore your options, including:


?      Modifying or refinancing your loan;

?      Seeking assistance from state or federal programs if you are unemployed;

?      Considering filing for bankruptcy; and

?      Selling your home.


Foreclosure Scams and How to Spot Them


If you are at risk of foreclosure, be aware of foreclosure scams. In these schemes, scammers promise to save your home or lower your mortgage payments, but require a fee to do so. These scams can cost you thousands of dollars, and may not delay or prevent the foreclosure. If you have received a notice of default from your lender, watch out for the following, which may be signs of a scam:


?      Anyone promising to modify your loan, but asking for a fee;

?      Anyone contacting you claiming to be from the bank/lender, but asking for payments to be sent to a separate location/party;

?      “Money-back guarantee” claims;

?      Offers to buy your house for cash; and

?      Pressure to sign documents or papers you don’t understand and haven’t thoroughly read.


Can I Purchase a Home after a Foreclosure?


If your home was foreclosed on, you may be wondering whether or not purchasing again in the future is possible for you. Many people purchase a home after foreclosure, but must do the following first:


?     Save money - If you want to purchase after foreclosure, you will likely be required to put at least 10 percent down;


?     Rebuild credit - You will need to show a history of on-time payments and a low credit card balance in order to qualify for a loan after foreclosure; and


?     Wait - You will likely have to wait at least two years, and up to seven years, to qualify for a loan after foreclosure.


Reach Out to an Experienced Real Estate Agent to Learn More


To learn more about the foreclosure process and buying a home after foreclosure, contact an experienced Orlando real estate agent. A real estate professional can help you to find a home that’s within your budget, and answer any financing questions you have.


Posted by David W. Welch on April 20th, 2018 11:54 AM


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