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Orlando Real Estate

April 20th, 2017 7:53 AM
I have often joked that I have such an odd profession. I have literally been in thousands of peoples homes, usually when they are not even there. I've looked in their cabinets, poked around in their closets, taken photos of their bathrooms and kitchens. What? Your home may be your castle, but when you put it up for sale, even your shower will end up on the internet. It does not end with the photos of your home, because the purpose of all those photos, measurements, and exposing the intimate details of your property is to attract strangers. Yes, strangers!

Selling your home is all about attracting the most strangers to your property, so they can check out your property in person. These people are guided through your home by another stranger that has probably never been there before. This guide is usually pointing out the pros and cons of your home, and helping the other strangers decide if your home is right for them. This guide makes an appointment with you, through your own guide, so you will know they are coming.

Here is one of the weirdest parts of selling your home. To prepare for the strangers coming to your house, you do everything the opposite of what you normally would do when you leave. You turn on all the lights, open all the blinds, turn the AC a little cooler (here in Orlando), turn on some smooth jazz, and if you have a security system - you turn it off.

Yes, selling your home is so weird.
#OrlandoRealEstate

Posted by David W. Welch on April 20th, 2017 7:53 AMLeave a Comment

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April 17th, 2017 12:16 PM
Sales are way up, prices continue their double digit increases over last year, and inventory is way down. All this can spell frustration for buyers. Check out this short video breaking down the #OrlandoRealEstate market results for March 2017.


Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on April 17th, 2017 12:16 PMLeave a Comment

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March 15th, 2017 3:07 PM

 

Check out this short video breakdown of the #OrlandoRealEstate market for February 2017. Sales, and prices are up, but inventory is way down. Contact me, and we can talk about what this means for your Orlando home sale or purchase.


 

David Welch Real Estate Optimist, Orlando Real Estate


Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on March 15th, 2017 3:07 PMLeave a Comment

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New Homes in Florida

There are a number of reasons why you should have an agent representing you in a new home purchase transaction. First, of all no matter how nice the new home sales person is, they are not representing you. They have a legal obligation to represent the interests of the builder/developer. Doesn't it just make sense to have a real estate professional representing your interests? The builder thinks it is important to have a professional representing them in the transaction. You should really do the same.

Your agent, while not a lawyer, can help you to understand the differences in the 'standard' contract and a builder's contract. They are not the same, and your agent should have the experience to know what questions to ask, and what those differences can cost you. Yes, I said 'cost you'. There are costs a seller customarily pays here in The Sunshine State, but the builder's contract often shifts those costs to the buyer's side of the ledger. While your agent may not be able to negotiate a change in those costs, at least you will go into the transaction more fully understanding your obligations and costs. I recently had a couple that decided not to purchase new, when they realized how much those extra expenses were going to cost them. We ended up finding a re-sale in the same neighborhood that was less than six months old, with a very motivated owner by the way. They were able to purchase the same model home with many of the same features and upgrades they liked without waiting to build.

Orlando Real Estate

There is another benefit to having an agent representing you in a new home transaction. You may only buy one house from that builder, but your agent may have sold many homes with that same builder. Recently, I represented a new home buyer purchasing a home that was completed just in time for the builder's year end financials. We arrived at the closing agent's office, and closed without any issues. Since it was the end of the builder's fiscal year, there were 24 other closings scheduled for that day, and roughly half of them had last minute issues creating delays for the buyers. Two families I met in the waiting room said they had moving trucks and movers (charging by the hour) waiting for them to close to move into their new home. When we left, they were still waiting to find out if they would be able to close that day or not. They did not have a real estate agent representing them. I cannot say that all the buyers experiencing delays that day had no agent, but part of my job was to make sure everything was ready to go beforehand. Builders do respect the role of the buyer's agent, and they want us to keep bringing buyers to their communities. That potential for many future sales, may just give your agent a bit more clout with the builder.

 


Posted in:Home buying advice and tagged: New homes
Posted by David W. Welch on March 8th, 2017 7:15 AMLeave a Comment

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February 15th, 2017 2:38 PM

#OrlandoRealEstate sales and prices continue to post year over year gains. Please check out this short video breakdown of the latest market results, courtesy of the Orlando Regional Realtor Association.

Location, location, location = Orlando, Orlando, Orlando
#OrlandoRealEstate = www.DavidWelch.com

Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on February 15th, 2017 2:38 PMLeave a Comment

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February 13th, 2017 8:40 AM

What are the three most important considerations in buying real estate? Location, location, location. Everyone has heard this old real estate axiom. But why is location so important? Very simply, it is the one thing that you cannot change, in fact you could argue that location is really what you are purchasing when you buy real estate. Yes, the physical improvements to the property, i.e., house, commercial building, etc. add value, but these are all just temporary fixtures. The location of the property itself is permanent, and when you purchase real estate you are buying the rights to that permanent location.

That is why it is so important to consider the location of the property carefully when making a purchasing decision. The more convenient the location is, the more marketable and likely more valuable it will be, now and in the future. When considering residential real estate, you should look at proximity to shopping, access to highways and schools. Also consider aesthetics and amenities associated with the location, like parks and lakes. When considering commercial real estate, access to roads, and convenience to potential customers are key considerations.

A beautiful home in the middle of nowhere is likely far less valuable than an average home located in an A rated school district with convenient shopping and easy access to the expressway. Choosing a good location is not necessarily difficult, but it can easily be overlooked. 

#OrlandoRealEstate


Posted in:Opinion and tagged: Orlando real estate
Posted by David W. Welch on February 13th, 2017 8:40 AMLeave a Comment

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February 3rd, 2017 11:16 AM
Are you looking for a five star agent to help with your #OrlandoRealEstate sale or purchase? Please check out what some of my customer have said about me on Zillow. I would love to give you the same level of service on your transaction.


Reviews on Zillow
2891971
"If you are buying or selling you want David on your side. I was a first time home buyer and was obviously new to the whole process. David was with me ... more "
5.0/5.0
by steph brunson
2694322
"This is the second home I purchase I do with David. He's awesome. He knows a lot about the business as well as home care needs. He always answered in ... more "
5.0/5.0
by Alan Perez

Posted in:General and tagged: Orlando real estate agent
Posted by David W. Welch on February 3rd, 2017 11:16 AMLeave a Comment

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January 17th, 2017 11:19 AM

#OrlandoRealEstate

Orlando real estate market results for December 2016 and the year end wrap-up courtesy of the Orlando Regional Realtor Association.



Posted by David W. Welch on January 17th, 2017 11:19 AMLeave a Comment

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January 9th, 2017 3:35 PM

Contact Me
Most people only speak with one agent. Selling your home is a big deal. Before you make a listing mistake, contact me for a second opinion.
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David Welch, MBA
Call: (407) 924-7670

#OrlandoRealEstate

Posted by David W. Welch on January 9th, 2017 3:35 PMLeave a Comment

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December 29th, 2016 11:28 AM

The latest iteration of 'rental scam' in Orlando is an ad placed using a legitimate listing telling the would be tenants to contact the owner directly by email. The scammers are looking up the actual owner's name on the public records, and creating an email account using their name.

The 'owner' then emails them back stating not to contact the real estate agent, otherwise the rent would have to be a lot higher to pay the agent. I've heard a couple of different versions of this. The 'owner' either tells the 'tenant' the agent is doing a bad job or the listing is almost up and the agent doesn't deserve their commission.

There are at least two common threads to watch out for. First, the 'owner' is always out of state, so money has to be wired or a money order sent, before the 'owner' will send the 'tenant' a key. Second, and the most obvious red flag, the rent is much lower than market. The old axiom is still true, 'if it sounds too good to be true - it is.'
You cannot rent a four bedroom, pool home in Orlando for $1,000/mo.


Posted in:Advice and tagged: Orlando real estate
Posted by David W. Welch on December 29th, 2016 11:28 AMLeave a Comment

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