Orlando Realty Consultants

Hello everyone and welcome to our show where we talk to the experts about anything to do with buying and selling residential real estate in Orlando

On Today’s episode we’ll be talking about real estate agents that specialize in a certain area or niche of the industry.

 

Buyer’s Agents- These agents specialize in finding homes for potential buyers. They know the area better than anyone and can help increase your chances of finding you the perfect home.  In addition to negotiating the best deal they will be with you throughout the entire home buying process all the way to the closing.

 

Listing Agents- These agents specialize in listing properties in a certain part of town. Their job is to sell your property for top dollar in the least amount of time. They know how to price your home correctly right from the start and they what it takes to get it sold.

 

Short Sale Agents- Short sale agents are a breed all their own. Top Orlando short sale agents possess patience, tenacity and the extreme will power to get the job done no matter what.

 

That’s the show for today, I hope this was helpful to someone out there. If you have questions about buying, selling or short selling a house, we’ve got you covered.

Call us to meet with one of our specialists to discuss your options. There’s never a charge for our services!

 

Hello and Welcome to the Top Orlando Realtors show where we answer questions from consumers about buying and selling residential real estate in Orlando, FL. If you’re a first timer, welcome… and if you’ve been here before, great to have you back.

OK this question comes from Allison in the Celebration area. Allison asks….”How will a short sale affect my credit score?”

This is a very popular question when someone wants to do a short sale. Having good credit is a big deal for people  so it only makes sense that you’d want to protect it.

For listeners that don’t know what a short sale is…. a Short sale is when your lender agrees to accept less than the amount owed against the home because there is not enough equity in it to pay all costs of the sale., which means the bank takes a loss. Here are some topics covered in this episode.

How an Orlando Short Sale Can Affect Your Credit

* Usually, a homeowner must be in default in order to get approved for a short sale.

* It’s much better to have a short sale on your credit than a foreclosure.

* Foreclosure can stay o your credit for up to ten years or more.

* Having a short sale on your record can usually be removed within two years.

* Hiring an experienced Orlando Short Sale realtor will help you when it comes to negotiating with the bank.

 

Hello and Welcome to the Top Orlando Realtors podcast, where we answer questions from consumers and talk about all things real estate.

 I’m your host John Conde and I hope everyone is doing well. On today’s episode I’ll be discussing how Orlando real estate agents get paid in a short sale scenario which is different from a traditional listing. Here are some highlights from today’s show.

 

How Does The Realtor Get Paid When It’s An Orlando Short Sale?

* Realtors are not allowed to charge an upfront fee to do your short sale

* Typically, short sale candidates are up side down on their mortgage

* The short sale lender ends up paying the realtor commissions

* Sellers can get thousands back in relocation assistance from the lender

* A short sale on your home should be recorded as a full payoff.

* Hire an Orlando short sale expert to ensure you have the best chance at short selling your home.

 

 

Hello and Welcome to the Top Orlando Realtor podcast , if you’ve been here before, we are happy to have you back 

I’m your host John Conde with ORC and today we’ll be talking about how real estate agents get paid on a traditional real estate transaction. 

How Orlando Real Estate Agents Get Paid

* Real estate agents aren’t like other professionals who bill for their time hourly, or present an invoice at the end of a project. If a Realtor don’t produce, they don’t get paid.

* Realtors should never charge an upfront fee.

* Real estate commission is based on the sale price of home.

* Everything in real estate is negotiable… including realtors commissions.

* Commission usually get paid by the seller.

* Orlando short sale transactions are different than traditional transactions

 

Thanks for listening!

 

 

 

 

 

Hello and Welcome back everybody, I’m your host, John Conde with ORC and in this episode I’ll be talking about… Why You should Use an Orlando buyer’s agent when  Buying a home.

Here are a few highlights from this episode of TOP ORLANDO REALTORS podcast

* Why you can lose money by not using a buyers agent

* Why you give up control by not using an agent

* Why you are at a disadvantage buying on your own

* Don’t let someone choose your Orlando buyers agent for you!

As promised, here’s the link to find Florida Homes For Sale just like a pro from the comfort of home.

If you’d like to speak to someone immediately, cal 407.902.7750

 

 

 

In today’s episode of the TOP ORLANDO REALTORS podcast  I’ll be going over some tips on how to interview a listing agent when you need to sell a house.

You’ve finally made the decision to sell your Orlando home and you’re ready to hire a realtor,… Now it gets real.

 

Hiring the right realtor is a crucial step when listing your house for sale. Hiring the wrong agent can turn your home selling experience into a nightmare

 

With over 8,000 active real estate agents in Orlando and picking a good one can be a task all by itself.

* When interviewing an agent, you have to ask the right questions

* Are they a part time realtor?

* How many homes have they sold in the past 6 months?

* What’s your marketing plan to sell my Orlando home for top dollar?

* Do you have any references?

 

These are just a few questions that you should ask the agent you’re about to hire. Hit play on the MP3 player above to here everything you need to know about how to interview a real estate agent.

 

 

 

 

 

 

 

 

 

 

Today’s question comes to us from a Hunters Creek resident.

So Lonnie Asks…Do I need to hire an attorney to do a short sale on my home?

This is a great question and it’s one that we get quite a bit. There’s a common myth that you have to have a real estate attorney involved when doing a short sale on your home. and that’s just not true,…not even a little bit

So the answer is no you don’t need to hire a lawyer to short sale your home.

That said, there are some cases where you’d want to talk to an with an attorney. If there’s title issues or if the property’s in probate court, Bankruptcy, etc.

However, as far as processing the short sale and getting it sold, the lender’s only requirement is that a licensed real estate agent lists the property on the MLS

The most common reason people choose a short sale realtor over an attorney is the cost.

Attorneys charge you thousands of dollars up front to do your short sale, whether it closes or not.

A licensed realtor does it for free. Doesn’t cost you anything. And if it doesn’t close then they don’t get paid.

So which of these 2 do you think is gonna be more motivated to get your short sale approved?

The lawyer who gets paid up front or the realtor who only gets paid if the short sale closes?

Wouldn’t you rather save your money instead of turning it over to a lawyer?

You see, not only does A realtor only get paid if the short sale closes, but they and they get paid by the lender,.. it doesn’t cost the homeowner a dime of their own money.

and most of the time you can get cash back at the closing for relocation costs.

To give you an example, from our own experience at ORC , We consistently get our clients anywhere from $3,000 to $30,000.00 back at closing.

Different lenders offer different incentive programs so the amount you receive will depend on what programs you’re eligible for.

Right now there are thousands of Orlando homeowners that are in default and looking for a way out of their situation.

From a homeowners perspective, The short sale process isn’t just hard, It’s scary.

We’re talking about potentially getting kicked out of your home. So This is definitely not the time to hire your niece who just got her real estate license.

Even if you don’t choose ORC to do your short sale, make sure that you hire some other short sale specialist and don’t just take their word for it either. Get references from their past clients, make sure they have a proven track record.

If you or someone you know needs help with a short sale, visit our site or just give us a call at 407-902-7750 for a Free consultation.

That means you can get all of your questions answered with absolutely  no obligation what-so-ever to work with us

That’s it for today folks, thanks for listening and keep those questions coming and we’ll…see you on the next episode.

Today we are joined once again by Jenny Zamora, Orlando Listing specialist and short sale expert.

Shell be talking about the Mortgage Forgiveness Debt Relief Act and what it means to homeowners needing to short sale their home.

For listeners that aren’t exactly sure what a short sale is, a short sale is when you make an agreement with your mortgage company to sell your house for less than what you owe them.

So Jen can you tell us what the basic criteria is for a typical short sale?

Jen: “Sure I’d be happy to.

1- The home’s market value must be less than what’s owed on the mortgage, if not than you could just sell it as a traditional listing right?

2- The homeowner must be behind on their mortgage payments.

3- The homeowner must also be going through some kind of hardship that is preventing them from getting current on their payments. like losing their job, health issues, job transfer, etc.

Now , there are a number of other situations in which a lender may or may not approve a short sale, but those are the basics. ”

Let’s say that you get the short sale approved on someone’s house and let’s say that the homeowner owes $300,000 and you were able to get it down to $200,000. Now there would a difference of $100,000… What happens now?

There a few things that can happen next.

* For an amount that large, the lender will try to get the homeowner to sign a deficiency judgment or bring money to the closing.

Throughout the negotiating process, we let the bank know that our seller will not agree to signing a promissory note or accept a deficiency judgment for the balance….period.  As a matter of fact we try to get money back to the seller for relocation costs and most of the time we’re successful. We’ve gotten our clients from 3 to thirty thousand back at the closing. Tat’s a lot of money!

It is, but it also costs a lot of money to re-locate to a new home and at the end of the day it’s my job to fight for my clients when no-one else will. So you’re able to wipe the slate clean with the lender and even get cash back to the seller.

Now let’s talk about everyone’s favorite government agency… The IRS. How do they look at that 100 thousand dollar balance?

Normally they would look at it as income for the seller…. and if it’s income in their eyes, they’ll be charged income tax.

People that need to short sale a house are typically going through a financial hardship so there’s no way they can afford to pay that additional money to the IRS, they would just be getting deeper into debt and no one wants to owe the IRS that’s for sure.

An IRS lien follows you and continually increases because they charge you interest. and eventually you will pay… there’s no escaping them.

Not a good position to be in…So tell us about the Mortgage Forgiveness Debt Relief Act.

When the real estate market collapsed 8 years ago, Congress implemented the Mortgage Forgiveness Act of 2007 and it guaranteed people that they could short sale their home without having to worry about paying income tax on the difference between the full payoff and the short pay off.

Ok so that was back in 2007, is it still in effect now in 2015?

Initially it was supposed to end in 2010 and they’ve been extending it every year since. So that means that homeowners can short sale their home and not worry about the tax implications?

That’s correct, so homeowners that need a short sale on their home now in 2015 can do so without worrying about the tax implications.

Good stuff, and I’d like to thank our short sale expert… Jenny Zamora for joining us and anyone that...

Orlando Realty Consultants “Easy Exit Listing Agreement” 

On This Episode:

Today on the show we have Orlando Listing Specialist Jenny Zamora with us and she’s here to tell us about her easy exit listing agreement that her company uses when listing a home.

When homeowners hire a realtor to sell their home, they will always have that fear that the agent won’t be able to sell the house and it ends up sitting on the market losing valuable time. The longer a house sits on the market, the harder it is to sell.

Then the homeowner gets stuck with an agent that’s not performing and they still have to pay to get out of the contract!

“Our Easy Exit listing agreement allows the homeowner to cancel the listing at any time if the agent doesn’t perform. The best part is that there’s no fee for canceling the listing “.

“If you make an agreement to sell a home for someone, then that person just hired you to do a job… and if you can’t do the job , why should you get paid?“

“I believe that the law should require every agent to use this or something similar because it’s our job as listing agents to do everything in our power to get that house sold for the client.”

Want us to discuss something on the show? Submit your question or topic below and we’ll do our best to talk about it on the show

 

 

Today we’ll be speaking with top rated Orlando Real Estate Broker and Listing Specialist, Jenny Zamora. She has been a listing specialist and a short sale expert since 2005. In this episode we talk about the important of pricing your Orlando home correctly from the start so that you can ge the highest amount in the shortest amount of time.

 

In This Episode:

“Well, the first thing a homeowner should do is find out is How much they could sell it for in today’s market and that way they’ll know if selling makes sense to them right now”.

 “We provide free CMA’s AKA as a comparative market analysis for homeowners here in Orlando. The easiest way is Just go to our website at www.OrlandoRealtyConsultants.com and click on the “How much is my house worth?” tab.

“When you use a website like zillow you’re not getting the most accurate data. To get a true value of your home, you have to go a bit deeper into the details because there are so many factors that can affect the value of a home”.

“Listing agents that just go along with whatever number the homeowner wants, aren’t doing the homeowner any favors”.

“A listing agents job is to provide the information needed and to advise the homeowner so that they can make an informed decision on the price.”

 

Get Your Free CMA Here!