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Archive for September 2015

What You Need to Know about Investing in the Florida Real Estate Market

Terry Riffe | September 22, 2015

While there are many factors for Foreign investors to consider and be aware of when investing in the Florida Real Estate market, the following tips are a very good place to start…

It is very important that you find a licensed REALTOR® to work with. Of course, you can do some research on your own but much of the information you find online may be outdated. A licensed REALTOR® in the area you are interested in buying will be able to guide you through all of the legalities as well as show you the homes that fit your criteria. As you will be working very closely with your real estate agent, be sure to ask a lot of questions and check reviews before deciding which REALTOR® is right for you. If you have associates who recently invested in the Florida real estate market, ask them for recommendations on an agent as well.

Buying a home in the US differs in some very important, fundamental aspects as in the UK. Be sure to familiarize yourself with the differences before you commit or pay any fees. Again, this is where representation by a licenced real estate agent is going to be a tremendous benefit.

You must decide how you will use the home to proceed accordingly. What do I mean by that? There are a few options you will have when investing in a home in the Florida market. One option is to buy the home and use it occasionally for yourself or family for holidays/vacations, and rent it out the remainder of the year. Another option is to buy the home and lease it out long term, for at least seven months to two years at a time – not using the home for personal use at all. Counties, cities, subdivisions and areas all have specific rules and regulations regarding whether a home may be used as a vacation rental – your REALTOR® will show you homes in areas that best suit your needs.

Price growth in the Florida market, specifically the Orlando/Disney real estate market, has outpaced gains nationally (ORRA REALTOR Association). the Orlando/Disney real estate market is experiencing a ‘Buyer’s market’ in 2015 as more and more properties are coming in the market –  we are seeing the appreciation in investment properties.

If you would like to discuss investing in the Florida real estate market, or would like me to represent you, email me An@OrlandoVacationRealty.com or give me a call 1 (407) 800-0888.

Ready to Sell your Home? Keep these Simple Tips in Mind…

Terry Riffe | September 15, 2015

home preparations smallerAre you ready to sell your home? Keep these simple tips in mind…With low interest rates and a rise in home values, this truly is a buyer’s and seller’s market. So, if you are thinking of selling your home, you will need to spend as little extra time making sure your home is pleasing to the eye and easily accessible. Here are a few tips to help you in your selling process…

~ Be ‘real’ with pricing. Educate yourself, compare your home with others in your neighborhood that have recently sold or come on to the market. The homes that look like a great deal are the ones that get the most visits from buyers and, in turn receive offers. This is important if you want to sell your home in a timely manner.

~ Keep your home accessible. Homes that don’t get shown, don’t get sold! Access is essential if you are serious in wanting to sell your home.

~ Curb appeal is real. As the old saying goes, “you never have a second chance to make a first impression”.  It is very common for potential buyers to drive by a listing before setting up a walk through. Be sure to stage the exterior of your home too.

~ Clean the clutter. Buyers need to be able to picture themselves in space. This is nearly impossible to do if the home is full of clutter. If you are not able to do this yourself, you can hire a service to stage your home for you.

~ Listen to your agent. Find an agent you trust and follow their advice~

It’s always important to find a REALTOR® that knows your area and has experience in your market. For more information on preparing to sell your home , or if you would like to list you home, email me An@orlandovacationrealty.com or give me a call 1 (407) 800-0888.

How UK Investors can get into the Orlando/Disney area Real Estate Market

Terry Riffe |

orlando disney real estate marketFor many UK investors, the lure of the Orlando/Disney area real estate market is at an all time high. And why not? Investment/Vacation home values are on the rise in the Orlando area, however, the prices are staying very favorable as more homes enter the market. It is very clear that the real estate market in Orlando is in an upwards trend, so now is the perfect time to buy.

You may be one of  the UK investors considering buying an Investment/Vacation home abroad, but are not quite sure how to get started. I can help. I am one of the leading real estate Brokers in Central Florida, specializing in real estate investments. As a property investor myself, I purchased my first investment home in Florida while still living in Belgium. I understand the whole process and cover all the angles making sure that the experience is a seamless one.

After deciding which type of Investment property you will be interested in ~ long term rental, short term (vacation) rental or one that you can easily ‘flip’ ~ there are just a few variances you will experience with this property purchase compared to any other.

I think the most important piece of information is, you do not have to come to the states during any part of the process. From choosing your property, setting up a U.S. bank account to closing ~ everything can be handled through emails and delivery services such as Fed Ex.

The second most important piece of information, be sure to find a REALTOR® that you trust and is familiar with the Orlando/Disney area market. This step is crucial as you will be depending on them to represent you in every step of the process.

I work earnestly to get to know my clients. This ensures that I know exactly what they are looking for. I have many strong professional relationships with builders, developers, mortgage brokers, banks, lawyers, accountants and even Visa experts. With the help of these relationships, I am able to offer my clients preferential treatment and often, exclusivity.

If you are an investor or would like more details on getting into the Orlando/Disney area real estate market, email me An@orlandovacationrealty.com or give me a call 1 (407) 800-0888. I look forward to working with you.

 

 

UK Investors Interested in the Orlando Real Estate Market? I can Help

Terry Riffe | September 4, 2015

Interested in the Orlando Real Estate Market? I can help. Understand, I have been in your shoes; I bought several homes while living in Europe and know exactly what to do to make An Flamand, Broker Orlando Vacation Realtythis work. I work with my clients thoroughly in the beginning so that I know exactly what it is they are looking for. I will find the perfect home. I have a vested interest in making sure clients buy the best home as I will be there for management long after the sale. Many of my clients have been with my companies for years, from their purchase to their rentals, management, even to final sale of their home.

As we all know (or should if interested), the conditions are very favorable both in Orlando real estate market and in the UK for anyone interested in the Investment/Vacation home market here in Orlando. While the home values are increasing, the prices are still very favorable. The currency is still low comparing to most currencies, so there are added benefits to investing in dollars. It is very clear that the real estate market in Orlando is in an upwards trend, so now is the perfect time to buy.

I offer our International buyers a full range of services, including:

Mortgages~ *Mortgages offered in US Dollar currency *Fixed, Variable, Interest Only payment plans *Experienced Linders in Foreign National Loans

Currency Exchange ~ *Best exchange rates in the transfer of money *Fix the rate for up to 2 years in advance, good for new build purchases *Arrange fixed ongoing payments

Banking ~ *Set up US bank account, even from overseas *Easy wire transfers into and out of US bank account *Online banking to check account from overseas

Management Services ~ *Long term management at our office *Short term management at our office

Insurance Companies ~ *I offer clients a few companies to pick from for their insurance needs

Furniture Packages ~ *I work with several furniture companies that offer vacation home package. Clients can choose from several packages that include everything from furniture to silverware and towels to complete their vacation home.

Title Company ~ *I have several title companies for my clients to choose from for their closing.

I have built many strong professional relationships with Builders, Developers, Mortgage Brokers, Banks, Lawyers, Accountants and even Visa experts. With the help of these relationships I an able to offer my clients preferential treatment and discounted prices often exclusively. So, if you are a UK Investor interested in the Orlando real estate market – I can assist you. Call me 1 (407) 800-0888 or email An@orlandovacationrealty.com, I look forward to working with you.

Orlando Investment/Vacation Home Buying Process for Foreign Investors

Terry Riffe | September 2, 2015

Orlando vacation homeWith the real estate market in such a favorable place these days, I’m often asked about the Investment/Vacation home buying process here in the Orlando area – specifically as it relates to overseas clients. Before I go into the buying process, first let’s go over the different investment opportunities…

Long term management ~

Many clients choose to go with long term management when buying a home in Orlando. This process is very straight forward and gives a very secure return of investment. Clients will rent the home usually for one year, with a lease. Tenants will be screened and are required to have first, last and security.

Short term management ~

This is the perfect solution for investors or clients who would like to have the option to use the home for their own vacation. The remainder of the time, the home will be rented out to vacationers on a short term basis – nightly, weekly or monthly. In short term management, you can stay in a regular program or do a ‘guarantee’ program where you have a fixed amount of income per month.

‘Fix and Flip’ (buy to fix up and sell) ~

Clients often prefer to buy homes below market value, fix them up and place them back on the market for sale. In this situation, Investors are able to buy low and sell high.

There are more opportunities for those interested in expanding their Property Investment portfolio, these are simply the most commonly asked about. Now, on to the buying process itself. In order to buy in the U.S., there are a couple of steps to take to ensure you are prepared…

You must set up a U.S. Bank account ~ this can be set up remotely. It’s best to do a loan ‘pre approval’ and application ~ A simple phone call or email will be sufficient to complete this process. If you will be needing a loan, a foreign national can obtain a loan easily with minor verification, however you will need 30% – 40% down payment. All paperwork can be done through email or carriers such as FedEx ~ sometimes a Notary will be needed.

Whichever option you choose, my team and I can assist and guide you every step of the way. If you would like to discuss your options or you’re ready to expand your Investment Portfolio, call me 1(407)800-0888 or send me an email An@orlandovacationrealty.com.