RE/MAX 200 Realty BK645994

Orlando Real Estate

August 21st, 2017 8:00 AM

Effective marketing is the key to selling your home quickly and getting the highest price. Aggressive, effective marketing of my Client's homes by every available medium is how I've become a top real estate agent in the Orlando area. It's my job to assure that you get as many qualified offers as possible, allowing you to extract the highest price the market will bear.

One of the most important elements of marketing your home effectively is setting the price right. Set the price too high, and you won't get any offers and your home will take too long to sell. Set it too low and you cheat yourself by not getting your home's full, fair value. As an expert in Winter Park area real estate, I analyze the market and set area home prices every single day. I'll work closely with you to assure that everything possible is done to get the highest price, in the time frame you need.

The condition and appearance of your home are also critical factors in getting the best price for your home. I'll personally walk through your home with you and advise you of what you can do to properly stage your home most effectively. Some areas are much more important and more likely to pay off than others! Often, the buyer is motivated by emotional responses as much or more than financial issues. There are usually things I can point out to you that are easy and inexpensive, yet go a long way toward triggering those "buy" emotions.

As your agent, I'll negotiate furiously on your behalf throughout the entire process to ensure that your best interests are protected. Real estate negotiations and contracts can be intimidating in their complexity. Most people have almost no experience in these negotiations. After all, how often do you buy or sell a new house? As a top real estate professional, getting you the best terms and prices in all negotiations is simply part of my job.

by David Welch
Orlando Real Estate
#OrlandoRealEstate


Posted by David W. Welch on August 21st, 2017 8:00 AMLeave a Comment

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August 18th, 2017 2:01 PM
Check out the #OrlandoRealEstate market results for July 2017 courtesy of the Orlando Regional Realtor Association.

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on August 18th, 2017 2:01 PMLeave a Comment

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August 10th, 2017 7:49 AM
Check out my newest video from Bird's Eye Drones, LLC. Professional photography, aerial photos and drone videos are key to marketing your #OrlandoRealEstate.


Posted by David W. Welch on August 10th, 2017 7:49 AMLeave a Comment

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July 27th, 2017 7:30 AM

The Cost of Your Mortgage Loan
Locking-in the Rate

When shopping for a mortgage, the lender may give you a quote for the mortgage interest rate and points (additional fees charged by the lender usually paid at closing by the borrower). These only represent terms available at the time of the quote. They may not be available by the closing date (which may be weeks or months in the future). To ensure the rate and points are the same at closing as they are when quoted, you'll need to lock-in the interest rate (also known as a rate lock or rate commitment). www.DavidWelch.com/RateLockAdvisory

Obtain a Written Agreement

Floating the Rate

Buyers opt to float the loan when they believe interest rates will drop after their loan application date and prior to closing. The risk is that rather than dropping, interest rates rise, increasing the mortgage payment.
 

Most lenders will commit, in writing, to a mortgage interest rate for a specified time period while your loan application is processed - this is known as "locking-in" the rate.

If you elect to lock-in an interest rate, it is best to deal with a lender who provides a written lock-in agreement. Be sure to read this agreement carefully, some lock-in agreements become void due to actions beyond your control - such as a change in the maximum rate for VA-guaranteed loans.

Lock-in Options

The following lock-in options are common among lending institutions. Be sure to ask the mortgage lenders you are considering which lock-in options they offer.

  • Lock-in interest rates and points.
    This will give you a clear understanding of how much your mortgage will cost. Neither your interest rate nor points increase during the lock-in period. This protects you against rising market conditions.

  • Lock-in interest rates and floating points.
    Your interest rate is locked-in and will not change for the lock-in period, while your points may rise and fall with market conditions. With this option, your lender may allow you to lock-in the points at the current market condition some time between submitting the loan application and closing.

  • Floating interest rates and floating points.
    This gives you the option to lock-in the interest rate at some time between submitting the loan application and closing. This puts you at risk if interest rates and points rise and may not be best for a homebuyer with a tight budget.

The Cost of Locking-in the Rate

It is not unusual for a lender to charge a fee for locking-in an interest rate and points. This fee may vary depending on the amount of time you want to lock-in the rate (the lock-in period).

The fee may be charged when you lock-in the rate (and is rarely refundable if you withdraw your application, if your credit is denied or if you do not close on the loan) or it may be included in your closing costs. The amount of the fee and when it is charged will vary among lenders.

The Lock-in Period

Most lenders will offer lock-in periods of 30-60 days. Some lenders may only have short lock-in periods. And still others may offer a longer lock-in period (expect higher fees for longer lock-in periods).

The lock-in period should be long enough for the loan approval process and to allow for any other contingencies that may delay closing.

The Lock-in Expiration Date

If unexpected circumstances prevent the loan from settling prior to the last day of the lock-in period (whether caused by you or others in the process - including the lender), you lose the interest rate and points that were locked. Prevailing interest rates and points are usually charged under these circumstances. Be sure to ask your lender before you lock-in what interest rates and points will be charged if the loan is not closed before the lock-in period expires.

by David Welch
Orlando Real Estate
#OrlandoRealEstate


Posted in:Mortgages and tagged: Orlando real estate
Posted by David W. Welch on July 27th, 2017 7:30 AMLeave a Comment

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July 17th, 2017 12:06 PM
You have to check out these numbers whether you're thinking of buying, selling or just have an interest in #OrlandoRealEstate. Sales up almost 6.5%, prices up almost 7.5%, new contracts up almost 27.5%, and inventory is down almost 14%. Take a moment to watch this video breaking down the June #OrlandoRealEstate numbers courtesy of the Orlando Regional Realtor Association.



#OrlandoRealEstate

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on July 17th, 2017 12:06 PMLeave a Comment

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June 15th, 2017 2:52 PM
Here is the latest breakdown of the #OrlandoRealEstate market for May 2017. Sales and prices continue to climb, while inventory remains very low. Please take a look at this brief video, courtesy of the Orlando Regional Realtor Association.

#OrlandoRealEstate

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on June 15th, 2017 2:52 PMLeave a Comment

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June 9th, 2017 7:45 AM
Wow! Thank you for the great review. It was my pleasure helping you and your parents with this big move.

Read Joli M.'s review of David Welch-RE/MAX 200 Realty on Yelp

Posted in:General and tagged: Orlando real estate agent
Posted by David W. Welch on June 9th, 2017 7:45 AMLeave a Comment

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Kevin Duffey with https://www.windermerefla.com gave me this infographic he put together with the most expensive communities in Windermere, Florida. This is based on price per square foot for homes in this upscale #OrlandoRealEstate suburb.

Displaying windermere-homes.png


Posted by David W. Welch on May 26th, 2017 12:44 PMLeave a Comment

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May 26th, 2017 7:15 AM
Amazing #lakefront home at an even more amazing price. This property features one acre with 144' of frontage on Lake Harris, 2,400 sq ft home, boat house, dock and private ramp. Enjoy this drone footage, and just imagine sitting on the dock watching the sunset each evening. This is absolutely the best place to be for the Leesburg July 4th fireworks too.

Posted in:Listing and tagged: Leesburg Real Estate
Posted by David W. Welch on May 26th, 2017 7:15 AMLeave a Comment

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May 15th, 2017 1:57 PM
Check out this brief video with the official break down of the #OrlandoRealEstate market for April 2017, courtesy of the Orlando Regional Realtor Association. Sales are down slightly from a year ago, at least in part due to the lack of inventory of homes. Prices however continue outpace last year.


Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on May 15th, 2017 1:57 PMLeave a Comment

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