Florida Relocation Real Estate in Orlando

In today's housing market, demand for homes continues to outpace supply. Which is keeping the pressure on house prices, so don't expect house prices to decline.

Pre-drywall inspection is done on brand new construction and is done right before the drywall goes up. This is the moment where the buyer can actually see the location of the electrical connections, the plumbing and most importantly the chance to take photos and keep records because in #Florida the builders won't give you the blueprints unless you're building a custom home.

an escalation clause is simply a way to tell the seller "if you have another offer similar to mine, I'm willing to go up...let's say $500 over the highest offer up to a max of $400K" for example. The clause will state how much more the buyer is willing to pay than the highest offer and their spending limit.

In home buying, a backup offer is made in acknowledgment of an existing offer and ensures a contract with the seller if that first offer falls through. A backup offer will put you next in line to purchase the home if the first buyer decides to back out of the deal

HOMES PRICES - are always determined by supply and demand and with the demand for housing still surpassing supply. Home prices will continue to increase, because even with all these additional inventory coming on the market, the buyer's demand is so strong that we have a long road to catching up with demand.

Realtor.com and The National Association of realtors just announced that more homes have been put on the market in the past 3 months compared to last year. The fact that we just entered the spring season always means more inventory, just be ready to act quickly if you find the right home. Because even with all these additional inventory coming on the market, the buyer's demand is so strong that we have a long road to catching up with demand.

Yes, fannie mae has confirmed that interest rates have gone up over 1% in the past 6 months and will continue to increase over the next 90 days. What does this mean to you? If you're a buyer or a seller looking to move to a home that better fits your needs, realize that waiting will likely mean you'll be paying a higher mortgage rate.

Home inspections are only required if you are financing your home with an FHA or VA loan. For cash or conventional mortgage programs, you are the one to decide if you have an inspection done or not. However, home inspections are highly recommended because they can reveal defects in the home that are not easily detected. A home inspector must provide his or her written professional opinion of the condition of the home. All of the systems and components of the property (such as The Structure of The Home, Electrical System, HVAC System, Roof Covering, Plumbing System, and others) are examined and the condition of each of these items is discussed, including an estimate of the cost to repair an item. Home inspections bring peace of mind to one of the biggest investments of a lifetime.

An accessory dwelling unit (ADU) is a secondary residence that occupies the same property as a primary single-family residence. ADU are also called different names such as mother-in-law unit, they can be freestanding or attached to the main residence and cannot be sold separately. some property owners have them as a way to get income from renting it or turning them into AirBnB, some use them for office space or fitness spaces for working out.

The majority of lenders require a FICO score of 620 or better. the higher your credit score, the less risk to the lender, which often results in a lower down payment requirement and a better interest rate. on the contrary, lower credit scores may mean you need to bring more money to the table (or accept a higher interest rate) to offset the lender’s risk.

The rate on a 30-year fixed mortgage increased today. Still, rates are still historically low overall. The average rate on a 30-year fixed mortgage is 4.29%, according to Bankrate.com. And, on a 15-year fixed mortgage, the average rate is 3.49%.

If you're trying to decide when to list your house, the time is now. there are plenty of buyers eagerly waiting for your home to hit the market. Some factors to consider are: *Buyer Activity- increased by 12.5% *Limited inventory- decreased by 26.8% *Multiple offers- 3.8 offers received on average *Homes are Selling quickly- 18 median days on the market

There are many advantages of buying new construction. Here are the ones people who buy new construction homes care about the most. 1) New construction means minimal maintenance, everything is brand new! you don't have to worry about the appliances breaking, the roof leaking and all the things that could go wrong with an existing home. 2) Low Insurance cost - New homes are built with the latest building codes so your insurance is going to be much lower than an older home. 3) Warranties! Home Warranty - most builders offer a 10 year warranty on the structure, 2 years mechanical and 1 year overall warranty.

This is a very personal decision and it has to do a lot with the features that you want in a house and your budget. some advantages of buying resale are: *Resale homes may provide more opportunities for home improvements. *They typically have more land than newer properties as a result of changes in land-use patterns. *Resales tend to be less expensive than new properties and are more likely to come complete with items that may cost extra with a new home, such as blinds, landscaping, built-ins, etc.

building equity means increasing the difference between your home value and the amount you owe on your mortgage. There are two ways to do this. You can either increase your home's value by doing remodeling and home improvement projects, or decrease the amount of money you owe on your mortgage by making bigger and/or additional mortgage payments.

A cash out refinance is another way to take your equity out. With this method, you simply replace your current mortgage with a bigger mortgage allowing you to use part of your equity. The good thing about a cash out refinance is that you can reduce your interest rate, take your cash out and make only one payment as opposed to the Home equity loan or HELOC where you have to make two payments.

A home equity line of credit, also known as a HELOC, is a way of taking your equity out. It is a line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans, such as credit cards. Here is an example: You get approved for a $50K Home equity line of credit but let's say you only use $10K. So you only start making payments on the $10k you used.

Home Equity loan is also known as a second mortgage. The lender allows you to borrow part of the equity you have in your home which you can use for a number of things, like buying a home that better fits your needs, making necessary improvements to your home, paying for college education, starting a new business. Just make sure to use your equity wisely. The good thing is that your interest rate is always lower than if you were to get a personal loan.

A post-closing occupancy gives the seller permission to stay in the home after the closing for a few weeks or months, in which the seller is essentially renting the home back from the new purchaser. The buyer and seller should have a written agreement setting out the expectations for that post-closing possession between the parties.

First thing you need to do is “price to sell”. Don't Skip Your Research, check competitor prices and attract as many potential buyers as you can, find the number that makes sense. When uploading pictures on the MLS, don't forget to display pictures of the patio/pool taken during the summer days to your listing photos, this way, potential buyers can see what to expect during warmer days ahead. Also important, book contractors ahead of time! They are always booked months in advance.

First thing you need to do is to clean before you stage! Take down before you put up. Next, remember that Holidays can be very personal and vary from family to family, so make sure your decor is neutral. create a warm, cozy and festive feeling in your home, making sure your holiday collection matches your current decor. Leave the religious decoration out, you want to attract as many buyers as you can! A simple wreath or some nutcrackers won’t offend anyone. Last, don’t overdo it, too many trimmings may distract buyers, but the right accessories can draw attention to your home’s best features.

Homes for sale tend to drop off between November and January, so when you sell your home during the holidays, you will face less competition, and you will find more serious buyers, all of this can result in a quicker sales process. Homes also show better during the holidays, it is a unique opportunity to create a warm and cozy environment that you can't present during the rest of the year

No, an Attorney is not necessary to purchase a home in Florida. Florida is a “Title State” which means a title company will perform all of the necessary items in order to transfer the property to the new owner. The Title company will also perform a “title search '' to ensure that the property is free and clear of any liens and incumbrances on the subject property. They will also issue a title insurance policy to protect the Buyer for any items that may have been missed during the title search process, this is done at the Sellers cost.

Yes, foreign nationals are able to purchase property in the State of Florida, the same way U.S. citizens are able to. There are no special Visa requirements needed to purchase a new home in Florida.

To begin the prequalification process, you need to submit all the required documentation to your lender. Once all the information has been verified, you will receive a pre approval with an estimate of how much you’re qualified to borrow.

It all depends on the market, the hotter the market is, the longer it takes to get your offer through due to competing offers. However, buying a home usually takes from 30 to 40 days. If you want to make the process fast and easy, make sure you hire a realtor that will be there every step of the way and make your transaction fast and smooth.