Like what you have been reading here? Subscribe now and receive email updates of our articles.

Menu

Syndicate this blog

Most Popular

Orlando Real Estate Market Trends – September 2016

October 26th, 2016 by tisner

mortgage rates

Freddy Mac reports that mortgage rates staying low. Here are the national averages for mortgage rates during the week ending Oct. 6:

  • 30-year fixed-rate mortgages: averaged 3.42 percent, with an average 0.5 point, unchanged from last week. A year ago, 30-year rates averaged 3.76 percent.
  • 15-year fixed-rate mortgages: averaged 2.72 percent, with an average 0.5 point, also unchanged from last week’s average. Last year at this time, 15-year rates averaged 2.99 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.80 percent, with an average 0.4 point, dropping slightly from last week’s 2.81 percent average. A year ago, 5-year ARMs averaged 2.88 percent.

With rates like this, is it time for you to buy a home? If so, just hit reply to get started!

Take a look at how many folks bought homes in our market last month…

Orlando Real Estate Market Trends

Orange County Real Estate Sales Statistics – September 2016

Orange County home sales increased by 0.21%. Prices increased with the average sales price up 12.2% and the median price increased by 11.5%.  Market times decreased by 3 days compared to Sept 2015.

Orange
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times 
Sept 2016 1,835 $265,777 $220,000 56
Sept 2015 1,831 $236,802 $197,000 59

Osceola County Real Estate Sales Statistics – Sept 2016

Osceola County home sales decreased by 6.53%. Prices increased with the average sales price up 10.8% and the median price decreased by 12.12%.  Market times decreased by 2 days compared to Sept 2015.

Osceola
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times 
Sept 2016 558 $204,071 $185,000 66
Sept 2015 597 $201,881 $165,000 68

Seminole County Real Estate Sales Statistics – September 2016

Seminole County home sales increased by 3.52%. Prices increased with the average sales price up 10.69% and the median price increased by 12.69%.  Market times decreased by 4 days compared to Sept 2015.

Seminole
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time 
Sept 2016 735 $244,300 $217,500 48
Sept 2015 710 $220,698 $193,000 52

Lake County Real Estate Sales Statistics – September 2016

Residential sales in Lake County home sales increased by 1.86%. Prices increased with the average sales price up 9.80% and the median price increased by 13.71%.  Market times decreased by 5 days compared to Sept 2015.

Lake
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time 
Sept 2016 602 $198,201 $192,750 73
Sept 2015 591 $180,501 $169,500 78

Polk County Real Estate Sales Statistics – September 2016

Polk County home sales increased by 6.64%. Prices increased with the average sales price up 9.36% and the median price increased by 10.71%.  Market times decreased by 13 days compared to Sept 2015.

Polk
County
Homes
Sold
Average
Sales Price
Median
Sales Price
 Average
Market Time
Sept 2016 947 $160,135 $155,000 66
Sept 2015 893 $146,421 $140,000 79

Search all Orlando area homes for sale here!

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here

Strong Buyer Demand Continues to Outpace Inventory of Homes for Sale

October 7th, 2016 by tisner

Strong Buyer Demand Continues to Outpace Inventory of Homes for Sale | Keeping Current Matters

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).

Buyer Demand

The map below was created after asking the question: “How would your rate buyer traffic in your area?”

Strong Buyer Demand Continues to Outpace Inventory of Homes for Sale | Keeping Current Matters

The darker the blue, the stronger the demand for homes in that area. Only four states came in with a weak or moderate demand level.

Seller Supply

The Index also asked: “How would your rate seller traffic in your area?”

As you can see from the map below, the majority of the country has weak Seller Traffic, meaning there are far fewer homes on the market than what is needed to satisfy the buyers who are out looking for their dream homes.

Strong Buyer Demand Continues to Outpace Inventory of Homes for Sale | Keeping Current Matters

Bottom Line

Looking at the maps above, it is not hard to see why prices are appreciating in many areas of the country. Until the supply of homes for sale starts to meet the buyer demand, prices will continue to increase. If you are debating listing your home for sale, meet with a local real estate professional in your area who can help you capitalize on the demand in the market now!

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

US Housing Market Moving Further into ‘Buy Territory’

September 30th, 2016 by tisner

US Housing Market Moving Further into ‘Buy Territory’| Keeping Current Matters

According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.

The BH&J Index is a quarterly report that attempts to answer the question:

In today’s housing market, is it better to rent or buy a home?

The index examines the entire US housing market and then isolates 23 major cities for comparison. The researchers “measure the relationship between purchasing property and building wealth through a buildup in equity versus renting a comparable property and investing in a portfolio of stocks and bonds.” 

Ken Johnson, Ph.D., Real Estate Economist & Professor at Florida Atlantic University, and one of the index’s authors explains that:

“Housing prices, in general, continue to slow and when considered in light of the recent trends in the Buy vs. Rent Index signal that ownership remains an excellent investment for the majority of Americans.”

While 15 of the 23 metropolitan markets examined moved further into buy territory since last quarter, Dallas, Denver, and Houston are three of the major cities that are currently deep into rent territory. In these three markets, it is estimated that renting will top homeownership 7 out of 10 times.

Eli Beracha, Ph.D., Assistant Professor in the T&S Hollo School of Real Estate at FIU,believes that, in these three markets, the strong odds in favor of renting to create more wealth should begin to have an impact on the demand for home ownership and from that, impact property prices in these areas.”

Simply put, home prices in these areas will begin to return to more normal levels once residents realize that renting may be a better choice, therefore bringing home affordability back as well.

Bottom Line

The majority of the country is strongly in buy territory. Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year. Protect yourself from rising rents by locking in your housing cost with a mortgage payment now.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

To Find Out More About the Study: The BH&J Index and other FAU real estate activities are sponsored by Investments Limited of Boca Raton. The BH&J Index is published quarterly and is available online at http://business.fau.edu/buyvsrent.

Why Getting Pre-Approved Should Be Your First Step

September 16th, 2016 by tisner

Why Getting Pre-Approved Should Be Your First Step | Keeping Current Matters

In many markets across the country, the amount of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach.

Freddie Mac lays out the advantages of pre-approval in the My Home section of their website:

“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”

One of the many advantages of working with a local real estate professional is that many have relationships with lenders who will be able to help you with this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.”

Freddie Mac describes the 4 Cs that help determine the amount you will be qualified to borrow:

  1. Capacity: Your current and future ability to make your payments
  2. Capital or cash reserves: The money, savings and investments you have that can be sold quickly for cash
  3. Collateral: The home, or type of home, that you would like to purchase
  4. Credit: Your history of paying bills and other debts on time

Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.

Bottom Line

Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so as well.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Things To Do Orlando: Fashion Week at the Mall at Millenia 2016

September 7th, 2016 by tisner

Fashion Week at the Mall at Millenia 2016

Things To Do Orlando:  Fashion Week at the Mall at Millenia 2016 offers the opportunity to appreciate the hottest fashion trends!

Celebrate Fashion Week at The Mall at Millenia and enjoy fashion shows, in-store activities and trunk shows, guest appearances, champagne receptions, and more.

See designer runway shows and a sneak preview of the hottest fashion trends straight from international runways right here in Central Florida. Fashion followers will find more fun than they can fit inside a designer bag with a week-long series of in-store events, such as trunk shows and champagne receptions.

WHEN:  September 12, 2016
WHERE:  The Mall at Millenia
COST:  FREE to most events

Visit the Event Website for more details.

Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.

Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale. You deserve professional real estate service!

You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

3 Crucial Questions Most Home Buyers Don’t Know the Answer To…DO YOU?

July 15th, 2016 by tisner

3 questions

Whether you are considering the purchase of your first home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to:

  1. What is the minimum down payment required to purchase a home?

  2. What is the minimum FICO score required to qualify for a mortgage?

  3. What is the maximum Back-End DTI Ratio allowed?

A survey conducted by Fannie Mae revealed startling information: most Americans don’t know the answer to these three crucially important questions. Here is a graphic showing the results of the survey:

3 Crucial Questions Most Home Buyers Don’t Know the Answer To. DO YOU? | Keeping Current Matters

The percentages are quite disturbing but can explain why so many people believe they are not eligible to purchase a home whether it is a first home or a trade-up home. Here are the actually requirements as per Fannie Mae:

3 Crucial Questions Most Home Buyers Don’t Know the Answer To. DO YOU? | Keeping Current Matters

Bottom Line

If you are considering purchasing a home, make sure you are aware of all your options before moving forward.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Orlando Real Estate Sales Statistics for May 2016

June 28th, 2016 by tisner

orlando real estate

When putting a home on the market, there is a lot to consider. How will you find a REALTOR®? What should you price the home? And the big one—is the home ready to sell? Most sellers know to get rid of clutter and fix any big or obvious problems. But what else can sellers do to get top dollar for their home? The National Association of REALTORS has identified some staging tips for various rooms in a home. After all, NAR research shows that 81 percent of buyers believe it is easier for them to picture themselves in a home when it’s staged. To appeal to those buyers, NAR recommends scrubbing the fireplace, focusing on symmetry in decoration, packing up dishes that don’t match your main set in your cupboards, making the extra bedroom a fun activity room to showcase other functions (like a sewing room or office), and keeping all closets as empty as possible.

Check out how many local sellers were successful selling their homes in May:

Orlando Real Estate Sales Statistics

Orange County Real Estate Sales Statistics – May 2016

Orange County home sales increased by 3.18%. Prices increased with the average sales price up 12.08% and the median price increased by 13.13%.  Market times decreased by 3 days compared to May 2015.

Orange
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times 
May 2016 1979 $260,420 $218,340 59
May 2015 1918 $232,352 $193,000 62

 

Osceola County Real Estate Sales Statistics – May 2016

Osceola County home sales increased by 3.21%. Prices increased with the average sales price up 6.27% and the median price increased by 9.78%.  Market times decreased by 11 days compared to May 2015.

Osceola
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times 
May 2016 675 $196,405 $178,000 64
May 2015 654 $184,821 $162,137 75


Seminole County Real Estate Sales Statistics –
May 2016

Seminole County home sales increased by 6.37%. Prices increased with the average sales price up 18.1% and the median price increased by 20.32%.  Market times decreased by 1 day compared to May 2015.

Seminole
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time 
May 2016 801 $258,618 $225,000 53
May 2015 753 $218,974 $187,000 54


Lake County Real Estate Sales Statistics –
May 2016

Residential sales in Lake County home sales increased by 6.87%. Prices increased with the average sales price up 10.75% and the median price increased by 10.73.  Market times decreased by 15 days compared to May 2015.

Lake
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time 
May 2016 653 $199,700 $182,700 76
May 2015 611 $180,315 $165,000 91


Polk County Real Estate Sales Statistics –
May 2016

Polk County home sales increased by 8.16%. Prices increased with the average sales price up 9.47% and the median price increased by 11.87%.  Market times decreased by 7 days compared to May 2015.

Polk
County
Homes
Sold
Average
Sales Price
Median
Sales Price
 Average
Market Time
May 2016 981 $155,695 $149,900 78
May 2015 907 $142,232 $134,000 85

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

How Not to Let Your Dream Home Slip Through Your Fingers

May 19th, 2016 by tisner

dream home

Perhaps you have been searching for your dream home and you have already found the one you really want but before you get a chance to do anything about it you drive by and notice it is ‘under contract’ or ‘pending’.  If this happens to you, don’t give up on your dreams there are things that you can do to make things go in your favor.  Below are a few ideas for you to try if you find that your dream home is about to slip through your fingers.

  • First of all if you find that the home you have your eye on is ‘under contract’ you need to know that you shouldn’t give up. Under contract doesn’t mean that the sale has taken place it only means that an offer has been made but that it hasn’t closed yet.   There is still a good chance that the home may come back on the market again especially if the buyer cannot come up with the funds needed through financing.  Another reason a sale pending may fall through is if the inspection doesn’t work out.
  • Talk to your Realtor and let she or he know that you are interested in the house that is under contract. Many times seller’s agents will continue to show a home until the last minute.  They do so because they may be hoping for a better offer than they currently have.  They also do this so that if the funding falls through for the current bidder they will have someone else in line to make an offer quickly afterwards.
  • If you REALLY want this house and you don’t want it to slip through your fingers you can always make a higher bid than is currently in play. If you can afford to do this, it can be an easy way to make things go in your favor.
  • Sending a handwritten note to the seller is a great way to let them know just how serious you are about purchasing their home. Hand written letters are pretty much a thing of the past these days and a handwritten note may make all the difference in the seller’s decision.

Some of these tips for snatching your dream home  out of ‘under contract’ or ‘pending’ status are pretty unconventional but if you really want the home to be your own you may be willing to do whatever it may take. In the end if you don’t end up getting the home, there is another one out there that is better for you and your family.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Things To Do Orlando: Mardi Gras at Universal Studios Orlando

April 12th, 2016 by tisner

Mardi Gras at Universal Studios Orlando

It’s the most spectacular celebration of the Big Easy spirit outside of New Orleans itself – Mardi Gras at Universal Studios®. Bring the whole family for a party filled with music and fun as only Universal Orlando® Resort can throw. You’ll enjoy live concerts, a dazzling parade, colorful street performers, authentic Cajun food*, and beads by the handful!

WHEN:  Saturday, April 16, 2016
WHERE:  Universal Studios Florida®
COST:  Mardi Gras festivities and concerts are included with paid admission to Universal Studios Florida, or a Universal Orlando Annual Pass.

Visit the Event Website for more details.

Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.

Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale. You deserve professional real estate service!

You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

How Not To Get Into Trouble When Applying For a Mortgage

March 10th, 2016 by tisner

applying for a mortgage

Owning a home of your very own is exciting and is the American dream. You should know however that when applying for a mortgage you need to be as honest as possible so that your dreams are not crushed at the last minute. Below are a few tips on what not to say when you are applying for a home mortgage. You may think that a little white lie won’t get you into trouble when applying for a home mortgage but what most people don’t realize is that you will likely get caught in that lie and may end up not getting approved after all.   Also the penalties for such lies can be quite severe such as a 30 year prison sentence and a million dollar fine.

  • If you don’t plan to live in the home in which you are getting a mortgage but rather you plan to rent the property out do NOT apply for a mortgage as your primary residence. Default rates are higher on investment properties than they are on primary residences. Down payments are larger on investment properties as well. These are some of the reasons why folks try to lie about using the mortgage as their primary residence.
  • Lying about how much money you make to get a home mortgage is also a no-no. If you try to lie about your income for the purposes of getting a better home mortgage you are very likely to get caught because your lender is going to verify your income by looking at your w-2’s as well as your tax returns.
  • If you don’t have enough money for the down payment on your new home, you CAN borrow it from a family member or friend but if you do this you need to be sure to have the paperwork that supports the fact that it is a gift that you don’t have to repay otherwise it is considered a loan and the mortgage company will need to know about it. This little white lie may seem harmless but it isn’t and it can get you into trouble with your mortgage lender.

Basically, tell the truth about any and everything your mortgage lender asks you. If you want to have part of the American dream by owning your own home, don’t destroy the dream by lying. Once you get your mortgage and you move into your new home you will be glad you did everything the right way and that you don’t have to worry about anything coming back on you in the future.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Teri Isner, CIPS, CRS, GRI
Keller Williams At-The-Lakes
66 Riley Road
Celebration, Fl 34747

This site is proudly sponsored by Orlando FL Real Estate Kissimmee and Celebration
Copyright © 2008 Orlando FL Real Estate Kissimmee and Celebration | All Rights Reserved. Sitemap