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Weekly Market Snapshot 11/11 – 11/17

November 18th, 2021 by tisner


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!

Stats courtesy of StellarMLS

Weekly Market Snapshot 11/4 – 11/10

November 10th, 2021 by tisner


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!

Stats courtesy of StellarMLS

Budgeting for Major Construction Projects

November 9th, 2021 by tisner


Maybe you’re adding an expansion onto your home, constructing a standalone storage building in the back yard, or undertaking some other major construction project. Whatever it is that you’re building, you likely already know that big construction jobs can carry big costs. If you haven’t budgeted for the job correctly, though, you might end up surprised at how big some of these costs can be.

Sticker shock for construction projects can be a problem, but it doesn’t have to be. With a little bit of thought and planning you can make sure that you’ve got all your expenses covered in your budget before the job begins. While some of the costs involved will be very specific to the details of your construction project and where you live, these budgeting tips will help you to keep an eye out for things that can drive the price tag up, so you can account for everything.

Major Expenses

Some of the costs of major construction projects are obvious: You’re going to need money to cover things like lumber, siding, wiring, and other materials. You’re also going to have to pay your contractors and laborers for the work that they put into actually doing the construction. If you aren’t paying attention, however, these costs can get away from you and leave you with a bit of a surprise when the bills come due.

Many material costs fluctuate based on supply and other factors and may be affected by things like transportation costs as well. Lumber prices in particular are prone to fluctuation and can increase significantly if supplies are disrupted. If possible, get in a purchase order or otherwise get some sort of pricing guarantee before work starts so that you can lock in a price and protect yourself from price shifts down the road.

Easily Overlooked Costs

While changes to your material costs can be an issue, one problem many people have when budgeting for construction is that they forget to account for all of the smaller costs associated with this sort of project. Some of these costs (like getting a construction permit) may seem obvious, but they can be easy to overlook when looking at the significant costs of materials and other aspects of the job. These costs can also be significantly higher for large projects than they are for the sorts of projects you’ve tackled in the past, so keep that in mind.

A few aspects of the job that you might not consider which can significantly increase your expenses include things like putting down a slab or foundation, installing a roof on a finished building or expansion, renting a dumpster for the construction crew, and interior materials such as fixtures and appliances once the project is done. Even landscaping costs and a bit of extra funding to cover incidentals or unexpected situations should be considered. The last thing you want to do is to budget things precisely and then realize that a portion of your yard has to be dug up to replace some pipes or some of your existing wiring will have to be ripped out to get everything up to code.

Managing Your Project

There are a lot of moving pieces in any major construction project, and hiring a project manager can go a long way toward managing all of them. In some cases your general contractor may act as a project manager as well, but many times they’re there to do the job they’re hired for and the rest of the details are squarely on your shoulders. Consider bringing in a project manager or ensuring that you’ve picked a contractor who will manage the project as well will help with budgeting and cost tracking, while also making sure that you don’t forget some important part of the project that might otherwise come back to haunt you.

HomeKeepr can help you find the project manager or contractor who will keep everything in order. Just sign up for a free account today and start connecting with pros in your area. Once you find the right connection to help keep your project in line, you’ll find that everything else gets a lot easier 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!

By: Homekeepr, Rob Morelli

Weekly Market Snapshot 10/28 – 11/3

November 4th, 2021 by tisner


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!

Stats courtesy of StellarMLS

FAQ for First-Time Home Buyers

November 2nd, 2021 by tisner


When you read and hear that now is the time to buy a home, but are simply unsure of the process, it may keep you sitting right there in your rental! Let these Frequently Asked Questions help get you moving–to a home of your own!
 

  • Does my credit need to be perfect?  Not necessarily, but the higher your credit score, the better the loan’s interest rate will be. Lower credit scores could cost thousands over time in higher interest rates. FICO has some tips for improving your credit score. 
  • I am not sure how much house I can afford.  Lenders will look at your debt-to-income ratio when deciding to grant a home loan.  Get an idea for yourself by using this handy DTI calculator. 
  • How much money do I need for a down payment?  That depends! Most lenders require 5-20% for a down payment. USDA and FHA offer no- or low-down-payment home loans. Veterans and servicemembers have the benefit of applying for a no-down-payment VA Home Loan through the Veterans Administration as well. 
  • What is Private Mortgage Insurance (PMI) and will I have to pay? For most lenders, PMI is a requirement for homebuyers that do not pay a 20% down payment. The cost is normally included in the mortgage payment. 
  • I am pre-approved for a mortgage. Can I make an offer on a house that I love?  Sellers will likely reject an offer that has no lender back-up. Return to the bank and go through the pre-qualification process so you will know just how much you will have to offer on a property. 
  • Are there any tax advantages to owning a home?  While there are many costs associated with homeownership that renters do not have, there are tax credits for some of the taxes you pay, as well as for those who use points to get a lower interest rate. And with rent prices rising, your monthly mortgage payment could be lower than rent! 
  • How long does the whole process take?  A smooth home-buying transaction takes approximately 30-45 days. The time varies as there are so many aspects to the process, and once in a while, there are hurdles to get through.   
  • Who pays closing costs–the seller or the buyer?  In most cases, the buyer pays the closing costs, an expense that can run 3-6% of the cost of the home.  In some instances, however, the seller will offer to help with these costs as an incentive to buy the home. 

If all of your questions are not answered here, call a Realtor® before you begin your home search or mortgage approval. Their experience in helping you find a lender–not to mention your new home–is invaluable. The best thing about getting assistance from a real estate professional is that their services, in almost all cases, are free to the buyer! Now, what are you waiting for? 

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!

Photo credit: www.dca.ga.gov

Weekly Market Snapshot 10/21 – 10/27

October 28th, 2021 by tisner


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!

Stats courtesy of StellarMLS

Packing for a Move – Make it Green!

October 26th, 2021 by tisner

It is time to start packing for the move, and the thought of using rolls and rolls of plastic bubble wrap, foam packing materials, or new cardboard boxes that your moving company provides can fill the eco-conscious with dread. Sure, cardboard and paper are recyclable, but what can you do to even save that much? These tips will help reduce the volume of recyclables and throwaways you will need! 

  • Use what you have first. If you are already anticipating the move, hold on to any packaging your deliveries have come in. Stack them out of sight if your house is still on the market, or go ahead and pack non-necessities in them and hide them under the bed or storage area. 
  • Other items you have on hand to use: suitcases, duffel bags, trash cans, and reusable grocery bags can all be utilized to cut back on cardboard boxes. 
  • Produce boxes make great moving containers! They are very sturdy and some come with lids so you will not have to use so much tape to close them. Ask for them at local grocery stores and produce stands. 
  • Towels, sheets, and pillows can be used in place of packing material, and towels and sheets can be used for wrapping fragile items as well. Using them is a double win because you will have one less thing to pack! 
  • If it is within the budget, consider using an eco-friendly moving company. 
  •  Already contracted with a mover? Ask them about any green options they have in place for your move. 
  • It only takes a quick search online to find a company that rents clean and ready-to-pack storage containers. Many of them will deliver them to your door, then pick them up at the new house when the containers are empty! 
  • Another option is ordering a moving kit or just the boxes from UsedCardboardBoxes. The company “rescues” misprinted or in-almost-perfect-condition used cardboard boxes that are headed for a landfill, and ships them directly to you. 

Once your move and unpacking are complete, recycle what you can, or offer the items to someone local who is getting ready to move or needs storage boxes. Your efforts will help cut back on what you throw away and even save a few trees!

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!

Photo credit: moving.com

Could Your Mailbox Use a Facelift?

October 19th, 2021 by tisner


Your mailbox likely isn’t a feature of your home that you think about very often, but it can actually have a big impact on how people view your home. This is especially true if your mailbox is rusty, damaged, or otherwise has obviously seen better days. Giving your mailbox a facelift can make a big difference in how your home looks, even if your mailbox is a standalone unit that sits up by the road.

How much work should you put into a mailbox refresh, though? This depends entirely on the condition your mailbox is in and what sort of revamp you’d like to give it. If you’re looking for inspiration, here are some ideas that cover everything from basic retouches to your mailbox to entire rebuilds of your mailbox mounting to create a unique new look on your property. You might be surprised at how many ways there are to revamp your mailbox and completely change its look!

Retouching Your Mailbox

The simplest way to retouch your mailbox is to apply a coat of paint to it, or something simple like a magnetic mailbox cover. This covers and seals any rust that might be present, improving the look of the mailbox and preventing further damage by protecting it from the elements. Wash and dry the mailbox beforehand and use a wire brush or steel wool to remove any obvious rust, then wash it again just to be sure. Make sure that you cover the numbers and flag with painter’s tape before you start, or apply new numbers once you’re finished so that your house number is easy to read.

If your mailbox is in decent shape but just seems kind of dull, another option is to add decorations such as decals or other items that you can secure to the box. You can even swap out these decorations throughout the year, keeping them relevant to upcoming holidays or seasons so that the look of your mailbox stays fresh throughout the year. Just make sure that your decorations don’t obscure your house number of make it difficult for postal workers to deliver your mail.

Mailbox Revitalization Projects

Bigger mailbox renovation projects can include installing your mailbox on a custom wrought-iron post, a wooden mail station that the mailbox sits on, or inside something like a brick enclosure. These can be purely decorative or add functional elements such as a drop box for packages as well. Depending on the options you choose, you may even be able to match up the look of your mailbox area with the look of your home or other property features as well. Just keep in mind that depending on where your mailbox is located, there may be limitations on what you can install based on local ordinance.

When undertaking a project like this, you may also decide that you want to move your mailbox to a new location (such as removing it from the front of your home and installing it into an enclosure by your driveway.) This can be a great idea to improve the look of your property, but you’ll need to check with your local Post Office first. Moving a mailbox without getting it cleared by the Post Office can lead to a variety of problems, including fines and undelivered mail!

Need Some Help?

Depending on what you have in mind for your mailbox, it could be a simple DIY project, or it might be something of a larger scale. If you want something a bit bigger than what you can handle on your own, don’t worry. There are metalworking and woodworking shops that can give you what you want, and even bricklayers if you want some brickwork done. If you aren’t sure where to start, HomeKeepr can help. Just sign up for a free account today and get connected with the pros in your area who will help you get the job done the way you want it.

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!

By: Homekeepr, David Weinstein

Is Renting-to-Own Right For You?

October 19th, 2021 by tisner

When someone decides to purchase a home, one of the first things they must comb through is their credit report and credit score. If their credit is less than stellar, and they cannot qualify for a conventional home mortgage, renting-to-own or a lease with the option to purchase sounds like a great way to begin their home buying process. There are positives and negatives to this type of transaction; let this guide help make whether the decision is worth it. 

  • Rent-to-own agreements can also be called lease-to-own, lease-with-option-to-purchase, or simply a lease option. Lease-purchase agreements require the tenant to buy the property, and this can cause major financial issues if the tenant cannot follow through on the purchase, no matter the reason.  
  • Decide on a final purchase price at the end of the option period, or agree upon an appraisal contingency. Depending on the fluctuation of the housing market, however, this could benefit the buyer if market value goes down, but could benefit the seller if values increase.  
  • It may be a good idea to have a home inspection performed before getting into this situation. In the case that the inspection raises concerns, repair costs can be worked out between the tenant and the owner. 
  • A portion of the above-market rent will go towards the purchase of the house, most commonly in the form of a down payment.   
  • Some tenants agree to pay HOA fees (if applicable), property taxes, insurance and take care of the cost of necessary repairs. 
  • In most situations, the tenant can purchase the property at any time during the option period, but once that time is up, the option expires and the owner can sell the property to someone else. 
  • One very important thing to remember is that there is still a lease involved. If you fall behind on the payments, the landlord can have you evicted. Besides eviction, the option fee and extra rent paid will be lost. 
  • Sometimes a seller offers to finance the purchase altogether, and that situation will require a completely different set of agreements. Again, owner-financed sale contracts should be handled with a real estate attorney. 

While it may be a relief for someone who cannot get financing for a traditional home loan, a lease-with-option agreement is not something to enter into lightly. If you feel you will not be able to purchase the home at the end of the option, go into a standard lease agreement, and put away as much money as you possibly can towards a traditional down payment while working on improving your credit score. 

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!

Photo credit: NPR

Weekly Market Snapshot 10/7 – 10/13

October 14th, 2021 by tisner


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!

Stats courtesy of StellarMLS

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