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HOME

Archive for July 2015

Orlando Vacation Home for Sale in Beautiful Emerald Island, 8548 Sunrise Key

Terry Riffe | July 24, 2015

8548 Sunrise Key, KissimmeeBeautiful Emerald Island Resort home with private pool & Spa fully furnished!!!! Great as investment or vacation home, ready to start. Emerald Island is one of the premier Vacation Communities in the area very close to the Parks and shopping Gated and Guarded with a luxurious community Clubhouse House which has recently been repainted inside and brand new carpeting throughout! Home comes fully furnished and equipped for your private use or Vacation Rentals. Master Bedroom Downstairs with adjoining bathroom and 5 bedrooms are on the second floor including a second Master with a connected bathroom. Has a landing bonus area on the second floor with a Flat Screen TV and seating. Every room has Flat Screen TV’s including a larger screen in the Family Room. Kitchen comes with all appliances and has a large Island with 5 stools . The Garage has been converted to a Game Room. All wet areas are tiled. Large Screened Pool and Heated Spa outside. Great Corner lot location! 

Are you in the market for an Orlando Vacation Home? For more information on this one, or many others in the area, call me 1 (407) 800-0888 or send me an email An@orlandovacationhome.com.

Make Necessary Repairs Before Listing your Home

Terry Riffe | July 23, 2015

Sellers, make necessary repairs before listing your homeIf you are planning to list your home this summer, it’s time to take care of all the necessary repairs. These repairs can save you money in the long run. Money spent on improvements now will be much less than the cost of a price reduction if your home sits on the market.

Even if your home doesn’t sit on the market, you run the risk of a buyer asking for credits for items you didn’t fix. The quotes from experts doing the work will most likely be higher than if you would have done it yourself.

~ It will save you money

Most common repairs are easy and inexpensive to solve. They are likely to be the things that were already on your list of weekend projects for a while. Remember, if they bother you, they will likely bother potential buyers as well. So, if you have a leaky faucet, ripped window screens, cracks in the plaster – take care of them. Individually they may seem minor, but when you add them all up they become a problem.

~ Your home, not it’s flaws, will be the focus

Eliminating any unwanted distractions will allow buyers to have a positive experience as they tour your home. Taking care of any necessary repairs will enable buyers to focus on your home’s positive, not negative, features.

~ A well maintained home gets better offers

Having your home completely prepped and ready will increase it’s perceived value because you’r showing buyers that your property is well maintained.

~ Hold firm to your price

Taking care of repairs now will ensure you won’t have to do a price reduction to reflect any necessary (and over inflated) repairs later.

~ More potential buyers through the door

As a seller’s agent, it’s so much nicer showing off an impeccable home, and buyer’s agents will be happy to get their clients in the front door. That brings in more potential buyers, which equates to more chances of finding the right one willing to pay your asking price.

If you are thinking of listing your home in the Orlando or Four Corners area and would like more helpful tips, email me An@orlandovacationrealty.com or give me a call 1 (407) 800-0888.

The Importance of Buying a Home Warranty

Terry Riffe | July 17, 2015

8571Before I discuss the importance of buying a home warranty, let’s first discuss what a home warranty is…

This is an agreement between a homeowner and a business that provides discounted costs on major home repairs.This is certainly not the same as home insurance, nor is it a replacement for it. Home insurance provides protection against major hazards like fire, flood, hail and theft. A home warranty on the other hand, provides insurance against unexpected home repairs. Purchasing a home warranty provides protection against unexpected, necessary repairs that may place great strain upon your finances.

Most warranty plans contain a basic components that provide coverage for certain home repairs. You can also purchase additional coverage by paying extra to the home warranty service provider. A typical home warranty covers repairs on major home appliances such as dryers, washers and refrigerators as well as the furnace, plumbing and electrical systems.

There are a variety of benefits by purchasing a home warranty. For a homeowner who doesn’t have an emergency fund, a home warranty may be the only protection against unforeseen repairs.

Perfect peace of mind ~ The foremost reason to buy one is that it provides a peace of mind against the peril of costly home repairs. You cannot predict when a costly home repair will arise. Many home repairs will arise. Many home repairs can take away a major chunk of your wallet or add a significant amount to your credit card. With a home warranty, you can rest easy knowing that the provider will take care of the problem in case of any unexpected repairs.

Avoid unforeseen, costly repair bills ~ Another great reason to purchase a home warranty is that it will protect your investment against unforeseen and costly repairs. Especially in older houses or with older appliances, essential repairs tend to occur out of the blue. Some of these repairs need to be dealt with instantly, to prevent further damage. With a warranty on your house, you just have to inform your service provider and they will instantly take care of all the repair work in your home.

Savings on house repair and maintenance cost ~ Finally,it allows you to save money in terms of reduced repair and maintenance cost. You do not need to spend on costly repairs, in case your HVAC system breaks down during the middle of winter or summer season. If you buy a home warranty, sometimes all you need to pay for is a service call fee and your home warranty service provider will take care of the rest.

I have found that a number of people are in the dark about home warranties.  When something that is covered in the home warranty breaks down, you just have to call your provider and they will take care of the problem.

Still unsure if a one is right for you? If you have questions , email me An@orlandovacationrealty.com or give me a call 1 (407) 800-0888.

For Now, Owners Staying Put Longer

Terry Riffe | July 15, 2015

An Flamand, Broker Orlando Vacation RealtyThere are many benefits to being a home owner – security, having a place to watch your family grow, building wealth and helping to foster a community. On a more basic level, it also means owners tend to move less, alleviating all the stress that comes with adobe relocation. And while homeowners have historically remained in their homes an average of 6 to 7 years, that tenure increased to 10 years in 2014, signaling a lack of inventory on the market for existing-home sales. However, the National Association of REALTORS® believes 2015 could be the year those homeowners move out and move up.

According to an infographic, from National Association of Realtors, those current owners -would-be sellers- who have stayed put in the past because they are nervous about leaving their low interest mortgage rates. They also have been waiting for a spike in the value of their homes. Now that home values have risen 25 percent over the past three years on average, pent up sellers are in a better position to put their place on the market.

If you would like more information on current market conditions in the Central Florida/Orlando area, or if you are in the market to sell or purchase a home, email me An@orlandovacationrealty.com or give me a call 1 (407) 800-0888.

First Impressions are Everything; Avoid these Common Seller Mistakes

Terry Riffe | July 14, 2015

first impressions of the outside of your homeFirst impressions are everything when you put your home on the market. A neat, pretty exterior will bring in more potential buyers than an unkempt yard or peeling paint- which may scare some potential buyers away completely.

Here are just a few of the more common mistakes that can sabotage curb appeal:

~Do nothing

Sellers not doing anything is one of the biggest mistakes. I know many sellers want to focus all of their attention to staging the inside of their home. But, the exterior is just as important. Be sure to spend some time cleaning up your property. This will give ensure potential buyers know that your property is well cared for.

~Clutter!

Your yard should not have any clutter when it’s on the market, period. Kids’ toys all over the yard or a collection of shoes by the front door should all  be cleaned up and put away.

~Run down landscaping

Make sure your yard is looking it’s best; Water the grass, trim the hedges, and put in a few perennial flowers to brighten things up.

~“Flaking” paint 

Touching up any flaking paint on the front of your home is definitely worth investing your time and money into when you choose to put your home on the market. Although fresh paint won’t hide major repairs that may be needed, it will give it a much better appearance than flaking paint. Repainting the trim goes a long way, focus on the trim around the main door so that anyone standing on the front porch carries positive first impressions inside.

~Bizarre yard art

While you may love your enormous pink flamingo statue so much that you thinkk front and center of your yard is the best place for all to appreciate, you don’t want buyers to fixate on the one thing that makes the house seem a little bizarre. You can’t anticipate everyone’s taste, it might just be best to remove all the bizarre art from your house and yard.

~Shocking colors

Is your house locally known as “the bright pink one” or “the Easter egg house?” Bright colors are cheerful, buy again, you don’t want your bold taste to scare off a potential buyer. Consider using a neutral paint color when your house is on the market. Look around your neighborhood for inspiration. Your house should compliment the ones around it. Save your bright colors for your next home, not the home you’re trying to sell.

~Out-of-date fixtures 

New exterior light fixtures aren’t very expensive, and they make a big difference. Not only will they give the impression that you home has been updated recently, but they’ll also cast a brighter light in the evening for those potential buyers driving by. Also, be sure that the hardware on your front door is in working order.

None of these solutions are expensive – decluttering, a bit of fresh paint, a few flowers here and there. however, all these steps will help potential buyers inside the house, where your home’s real charm will have a chance to impress. If you need any assistance with preparing your home before you put it on the market, or would like more suggestions for a successful showing – call me (407) 800-0888 or send me an email An@orlandovactionrealty.com.

 

 

 

Foreign Buyers Flock to warmer States for Second Homes

Terry Riffe | July 7, 2015

An Flamand, Orlando Vacation RealtyForeign Buyers Flock to warmer States for Second Homes. It’s not uncommon to hear of friends, family and neighbors packing up and heading to second homes in warmer states during the winter months. After all, many parts of the country experience brutally long bouts of cold and snowy weather. However, U.S. citizens are not the only people looking to spend at least some of their year down south, whatever the reason. According to the National Association of REALTORS® 2015 Profile of International Home Buying Activity, just four states accounted for half of all international home sales: Florida (21 percent), California (16 percent), Texas (8 percent) and Arizona (5 percent).

While the National Association of REALTORS® is just now releasing these figures, this is a trend that I have witnessed for quite some time now. Specifically, I have found that upwards of 70 percent of our Clientele are International. Originally from Belgium myself, I am truly educated and knowledgeable in all the facets of real estate transactions that accompany foreigners buying or selling in the United States.

If you are ready to buy or sell in the Orlando area, email me An@orlandovacationrealty.com or give me a call 1 (407) 800-0888. I am ready to assist you with all of your real estate needs, or answer any questions you may have.

Shadow Inventory is disappearing

Terry Riffe | July 6, 2015

distressed homes‘Shadow’ Inventory is disappearing – The housing market has been on quite the roller coaster ride the last decade. And while things are looking up after a few tough years, one issue that has surfaced is that of inventory – specifically shadow inventory. Shadow inventory, or properties in foreclosure or in serious delinquency status, has been steadily declining in recent years. According to the National Association of REALTORS®, distressed sales made up 10 percent of existing-home sales in March, down 4 percent from March 2014. While it’s obviously a great thing to see fewer distressed homes, it does mean an even tougher inventory situation for prospective homebuyers, especially in certain areas where home inventories are especially low. Paired with rising home values, lower shadow inventory means it could take longer to find the right home at the right price.

In our market, specifically, we have noticed a drop in the amount of properties available for those Investors interested in buying distressed property to flip. What was once a good portion of our market, and inventory has now disappeared.  That is not to say that you can’t still find those properties, the numbers are just beginning to dwindle.

If you are interested in an investment/vacation home in the Orlando area, email me An@orlandovacationrealty.com or call me 1 (407) 800-0888.

Brokers, Agents, Buyers and Sellers are Jumping on the Texting Train

Terry Riffe | July 2, 2015

send me a textMost people would agree that there are more options and ways to connect with others than ever before – including texting. Cell phones, email, social media, and video chatting have opened up a whole new world of possibilities. For REALTORS®, this means two things-there are more ways to connect with clients and prospective buyers, and REALTORS® must be open to all forms of communication and technology to suit those clients’ needs and preferences. And according to the National Association of REALTORS® 2015 Member Profile, REALTORS® today prefer to speak to clients via text messages While that number is still smaller than emailing and chatting over the phone (which 93 percent of REALTORS® prefer to use, respectively), only 40 percent of REALTORS® preferred to text clients just five years ago, signaling a shift to better assist clients and meet their needs.

I have found that texting saves time and is a simple way to quickly pass along pertinent information. If you are interested in listing your home or are in the market for Investment/Vacation property, phone or text me 1 (407) 800-0888 or send me an email An@orlandovacationrealty.com.