Orlando – Currently A Buyer’s Market

For October, there are so many homes for sale in Orlando, that it has created a glut in the market. This means there’s a lot of choice for buyers right now. Not only that, it means motivated sellers are lowering their prices in order to attract quick sales. Obviously, this is good news for buyers.

Perhaps it was last year’s seller’s market that gave everybody the idea to sell. Whatever the reason, the tables have certainly turned for Orlando buyers. Another benefit to buyers is the increasingly low-interest rates. Considering that we are moving into the fourth quarter of the year, now is the time to seriously start your home search. Interest rates may get lower before the new year, but after that, they are very likely to increase. They certainly can’t stay low forever, so now’s a good time to take advantage of these record interest rate lows.

When you find a house in Orlando, make sure you have a home inspection and have it treated for termites. We recommend using Orlando Termite Treatment. They have treated every house for us and we never had a problem. For the best termite treatment give Orlando Termite Treatment a call.

Because there are so many homes to choose from, sellers have to work extra hard to attract attention to their homes. This means that many are doing all the needed repairs and maintenance necessary to make their homes not only more attractive but also more sound, making them a good investment for buyers. Those without the budget or time to do upgrades are typically lowering prices. Either way, the buyer gets a good deal.

Although I encourage you to hurry up and buy before the new year, I also urge you to take your time to find the home to suit your needs. Why not take advantage of the choice out there right now? Whenever possible, do a drive-by of any homes that intrigue you. If a home is within your pre-approved budget and still appeals to you after an initial look at the exterior and the neighborhood, don’t hesitate to contact a qualified Orlando Realtor for a home showing.

If you are considering relocating to Orlando from another part of the state, country, or world, or are considering buying a second investment property, now is an excellent time to do it.

Buying A Home In Orlando – Think About Location

There is one credo that has always held true in the world of real estate: location, location, location. The same home in different locations can have a vastly different selling value, in either direction. For example, a home that is in a new development area, with quiet, yet convenient surroundings will easily sell for more than the exact same home in a run-down area with a lot of traffic passing through it.

There are several considerations that you should be thinking about when you buy a home and location is one of the most important. Take an hour or so and drive around the area you are considering, making notes as you go. At the end of the drive, take a look at the list that you have created. What’s on it? There should be divisions of things in terms of their proximity to the home. If there are things like police stations, fire halls, and hospitals in the area; are they close enough to cause problems with the noise that these places are known for? Of course, we all want these things to be close enough for a quick response time if necessary, but it is nice to have them far enough away so that we aren’t constantly being woken by sirens.

The next part of your list should be a detailed description of the services and amenities in close range of the home. These are things like sports facilities, shopping centers, and other day-to-day needs of the average homeowner. One other thing that you should also make note of is school locations. If you are going to have, or do have a family then schools will be a huge part of the decision to move to a certain area. Will there be adequate education within close proximity of the home for all levels of need? An area with elementary and high schools is highly preferable as it will keep transporting kids to and from school to a minimum. The final consideration should be what kind of commute to work is there from the home? A short commute to your place of business is highly preferable, and it is great if there are no major points of traffic congestion between them. Be in the know about what is around your home before you choose to buy.

Real Estate in Orlando, Florida

The Orlando, Florida real estate market attracts buyers from all over the world. Even in the wake of hurricanes, the real estate market continues to show phenomenal growth in this area. Not only is the real estate market strong, Orlando also has a strong job market and continues to hold a ready supply of housing in varying price ranges. Although interest rates have risen slightly, the low interest rates continue to contribute to Orlando’s booming housing market. The annual interest rate for a 30-year fixed mortgage continues to hover around 6%. The fact is, Orlando is seeing – and will continue to see – record breaking real estate sales.

As a matter of fact, Orlando currently is the fourth hottest real estate market in America. Those individuals with money to invest are doing so in Orlando because the area offers huge opportunities to purchase property and then rent it out to the millions of tourists who come to Orlando for its many attractions – including Disney World.

Wealthy investors also enjoy the reasonably priced luxury homes that are available in Orlando. They start at around $750,000 and can go as high as $3.5 million or more. This may sound steep, but compared to what you would spend in Manhattan for a home with pools, completely furnished, parking garage and many other amenities, these prices are low. Most luxury homes are built with over 4,500 square feet of spacious living and include outdoor pools, gardens, etc. Perhaps now, more than ever, is the right time to buy in Orlando. According to the Orlando Sentinel, the inventory of existing homes for sale in Orlando is now five times greater than it was a year ago and homes are taking longer to sell. Local developers are wooing buyers with price discounts and closing costs giving the buyer a certain amount of control.

Orlando Florida Real Estate Is An Interesting Market

There has never been a better time to sell real estate in Florida. Well in some areas anyway, this is where trying to explain the housing market becomes tough. While you will find many condos in Miami going for a dime a dozen as developers started building bigger and bigger blocks. You will not find so many family units in central areas like the outskirts of Orlando.

Florida is still leading the way in tourism, people who may previously have gone abroad are now going to Florida instead. There is a lot more than just Disney parks and that is something of a revelation to many Americans.

New buildings are popping up again throughout much of the state to compensate for the influx of people. With a spectacular coastline and thriving cities; many of the visitors who have never been before are opting to settle down in this beautiful state.

With white-sand beaches, prestigious schools, a buzzing city life, entertainment centers, and exciting sports on offer; it doesn’t come as a surprise that the real estate market is still strong even in the latest downturn that most of America have experienced.

The real estate market in the sunshine state is currently prosperous for both home buyers and sellers, with new properties being listed almost every day. Couple that with historically low interest rates and you can see why it is good to move now rather than keep on putting it off.

Florida boasts a spectacular range of real estate options, ranging from beautiful coastal homes to stunning condominiums. Houses of all sizes are available, to cater to families of all sizes. Miami’s South Beach was an all-time favorite for investors, many of whom got burnt when the market crashed. While this may sound like bad news, it is actually good news for you as many of these units are available at huge discounts.

When people think of Florida they think of Disney and Miami, but there is so much more to see and do. There are homes of every type in every sort of area available, if you are looking for an old home then you will find it just as easily as a new condo unit.

The huge diversity is part of what makes real estate such an interesting proposition in Florida. Like anything that involves your money, you should take the time to learn all you can about the possible downs as well as ups with the market.

One thing you can be sure of is that people won’t stop going to the sunshine state so when the economy starts roaring again the housing market will roar along with it.

Orlando Commercial Real Estate

The growing number of people who visit Orlando to get entertainment is driving the high real estate prices. For instance, CenterPointe on the Park is offering a unique commercial real estate opportunity, as it is centrally situated in metropolitan Orlando. It is being developed on 55 acres of land and is going to have an ‘A’ class facility featuring one of the most advanced office spaces in the area, a hotel, conference facilities, restaurants, retail space, and other attractions. It is also to have Lakeside Park and is positioned as one of the most advanced commercial areas in the city.

The land developers are also preparing plans to develop other areas into commercial real estate, as several people are showing a keen interest in business opportunities. The increase in the number of tourists is forcing entrepreneurs looking for good investments to renew focus on Orlando. Though the existing hotels are improving décor and room service, new hotels are also planned to tap the new tourist arrivals.

By looking at tourist attractions in Las Vegas, some of the entrepreneurs are planning to have quality entertainment with the inclusion of casinos in the hotels. The nightlife in Orlando is slowly changing with the addition of clubs, casinos, and other attractions. Those who relocate here for business are mainly looking at the opportunities thrown open by the addition of new entertainment venues and the growing population.

Commercial real estate prices are increasing at an annual 8 to 10 percent rate. In fact, the growing interest among the buyers is driving the real estate prices, as the land available for development into commercial buildings becomes rarer. The local government, to get over the problem, is taking a hard look at the available space and preparing the ground to include new areas for development. This is likely to change the availability of commercial space for new ventures in Orlando.