Orlando Foreclosures and Short Sales

Orlando, Florida, is constantly growing and new developments are popping up everywhere, but this area has been affected by the fall of the economy along with the rest of the United States. While real estate is making a turnaround and rates are at an all-time low, that does not change the situations that most of us have found ourselves in at this time. With the loss of jobs and cutback in new jobs, people are suffering financially and in some cases lose their homes and file bankruptcy. This can be avoided in most cases with the assistance of the professionals in Orlando real estate; you can avoid foreclosure and possible bankruptcy. Working side by side with the experts in Orlando real estate you can explore all your options and discover what route is best for you and your situation.

Selling your home through a short sale program could be the answer you and your family need to avoid tarnishing your credit for years to come due to the fall of the economy. The economy will come back so there is no need for you to cause yourself problems for years to come due to an unforeseen financial crisis. Your trustworthy Orlando real estate agent can work with you, your mortgage holder, and the real estate market to save you from financial distress. With the experience your professional realtor offers you there is a good chance you can save your credit and purchase a new house when you are back on your feet again. A short sale program will allow you to sell your home for market value in the event that you owe the mortgage company more than what your home is worth. After the sale of your home your mortgage company will agree to discard the remaining balance without causing you to file bankruptcy and without tarnishing your credit by reporting the remaining balance. Your Orlando real estate agent is experienced in this process and can ensure you are getting the most for your home and work with the mortgage company during the sale of your home.

Whether you are in the middle of a foreclosure, a short sale of your home, or you are a buyer in search of the best real estate investments. you can rest assured that your Orlando real estate agent has the experience you need to make the purchase or sale of the home. The experience you need and the professional advice you deserve is just a step away. Avoid real estate headaches when you work side by side with Orlando’s experienced real estate professionals.

The Florida Real Estate Market

The amount of homes on the market in Florida is shrinking, as there are more homes sold and banks back out of some foreclosures. In Miami Beach, reports show the number of condos for sale was down to a near 20-month supply in the month of March, which is half from just 15 months ago and down from a 30 month supply in the month of February. The number of single-family homes also saw a drop in available inventory, down to over 37K homes on the market.

Hotels also face a weak summer, and some market watchers are looking at the relationship between a poor viewing of the hospitality industry and the condition of local real estate values. They are also going be watching the industry’s role in Florida's economic recovery. These reports offer a great look into how the Florida hospitality industry is impacting real estate.

Even though the market is down, there are still plenty of experts who aren't counting them out; investors remain, waiting for the gap between bids and current asking prices on properties to narrow. Even large investment banks like Morgan Stanley and pension advisors to wealthy people, who made smart investments during the boom many years ago, are going to become the big players as there is an increased demand for office and retail sales in the market. This is not the case yet, though. A lot of investors are sitting on the sideline, waiting for the right time. As sale prices drop, and buyer activity picks up, those investors will be able to pay cash and are the ones who will be able to close deals

The commercial property sales in Florida is at an all time low in 12 years, but that is likely to change in the last half of 2009. An increase in distressed sales could be coming from investors looking at the double threat of lowered revenue and the inability to refinance loans. Also, some real estate investment companies are selling area holdings as they redesign their business. Most are looking for an increase in commercial sales, including office, retail, industrial and some hotels, but most of this commercial activity will take place in the fourth quarter.

If you have the money to invest, then now is the time to get in the Florida real estate market. Reports are showing that there will be another boom before long and those who are in now will reap the rewards.

Moving to Orlando, Florida

When I was recently promoted to the president of marketing at my company, I was informed that with the promotion came a relocation expectation. I was surprised to find that I would have to move from my home in the Midwest and find a new home in the Orlando, Florida area. I knew the first thing I had to go was get in touch with a qualified Orlando Real Estate agent if I was going to get a jump on everything I had to do. I was in contact with a great agent and within a few days time, I had a complete listing of Orlando Foreclosures on the market.

My Orlando Real Estate listing included some wonderful homes in some very desirable neighborhoods. Much to my surprise was how many of the homes were priced within my budget, had the right square footage and had some of the best amenities on the market. I was sure I would find the home of my dreams in no time at all and this was because I had the right tools and took a proactive approach to the whole situation. I was able to find a great home which was perfectly suited to the needs of my growing family. My Orlando Real Estate agent was extremely helpful in explaining the ins-and-outs of what it requires to move across the country. She told me about what happens during an appraisal, how much money I needed, the loan process, moving expenses and many other details I had no knowledge of, she made the transitional period go off without a hitch.

 It can take quite a bit of time to coordinate everything when it comes time to make a long-distance move. But, the process does not have to be an unpleasant one, because an Orlando Real Estate agent can walk you through the steps and will assist you every inch of the way. This is just what a good real estate agent will do for clients, they treat you with respect, understanding and like you are one of their own family.

 Having an Orlando Real Estate agent on your side will help you find the home of your dreams and gives you the advantage of having access to all the latest homes to come onto the market. I have never had a better experience then I did when I worked with my real estate professional and would highly recommend using an agent when making a cross-country transition.