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Discover expert tips for successfully leasing your property in Orlando, Florida

Discover expert tips for successfully leasing your property in Orlando, Florida

Discover expert tips for successfully leasing your property in Orlando, Florida

Security deposits can sometimes be a controversial topic, but they’re necessary for keeping a property in tip-top shape. Security deposits are enforced for residents in order to protect the space, while also giving you some motivation to keep your residence in good condition. It’s never fun paying a fee upfront for damage that hasn’t happened, but receiving the money back after a harmless stay is encouraging! As a property management company in Orlando Florida, we want to give you your money back at the end of your lease. With these expert tips, you can avoid damage and have a good chance of recouping the fee you paid upfront.

Read Your Lease Thoroughly reviewing your lease is a great starting point.

Your lease should have clear information on the expectations in place to receive your security deposit back. It could be helpful to make a checklist and hang it on your fridge, so, throughout your residence, you remember what needs to be done in order to regain your deposit.

Document Your Space Be sure to take photos and videos of everything.

This content should include date and timestamps. Having physical proof of your space being neat and undamaged will only benefit you. If you notice something is damaged upfront, be sure to alert your landlord so you aren’t charged for those damages.

Clean Up

A deep, thorough cleaning of your space before you move out will give you a good chance of recouping your deposit. Be sure to wipe down inside the refrigerator and oven, as those two spaces are typically forgotten. Other than that, general dusting, mopping, nail hole patching, and vacuuming will ensure your home is in good shape.

Repair Damage Sometimes, things happen that are out of our control.

If you have any damage at all, make sure to repair it before you move out. Work with your landlord to determine if on-site maintenance staff can fix the damage or if an outside vendor needs to take on the job. It’s always best to fix the damage immediately instead of waiting until your move-out date!

Security deposits are set in place to protect properties from long-term damage.

By following these expert tips, your odds of receiving your deposit are high. At RE/MAX Heritage, our top priority is to keep clients satisfied with their place of residence. Ready to take the next step towards owning your own home in Orlando, Florida? click HERE to get started on your home search! Contact RE/MAX Heritage today to begin your journey to finding your dream home. Let us guide you through the process and make your homeownership dreams a reality!

Landlords, are you looking for a property management company in Orlando, Florida?

Consider the advantages of partnering with RE/MAX Heritage as your property management company. Our experienced team handles everything from tenant screening and lease agreements to property maintenance and rent collection, allowing you to enjoy a hassle-free landlord experience. With our expertise, you can rest assured that your properties are well-maintained and your tenants are satisfied, maximizing your investment returns while minimizing your stress. Trust RE/MAX Heritage to professionally manage your properties and help you achieve your real estate investment goals.

Our Property Manager- Lucy Hinson

Lucy Hinson is a seasoned property manager with over 12 years of experience, currently excelling in her role at RE/MAX Heritage. Her expertise spans tenant relations, lease negotiations, property maintenance, and financial management, all underpinned by a commitment to client satisfaction. Known for her proactive approach and attention to detail, Lucy is trusted by clients and colleagues alike to deliver optimal results in real estate investments. Outside of work, she enjoys family time, travel, and community engagement. With a passion for her craft and a proven track record, Lucy continues to make a significant impact in property management.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

Home sales in February grew 1.6%

Home sales in February grew 1.6%

Home sales in February grew 1.6%

February Nar Sales Report

WASHINGTON (March 28, 2024) – Pending home sales in February grew 1.6%, according to the National Association of REALTORS®️. The Midwest and South posted monthly gains in transactions while the Northeast and West recorded losses. All four U.S. regions registered year-over-year decreases.

The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – increased to 75.6 in February. Year over year, pending transactions were down 7.0%. An index of 100 is equal to the level of contract activity in 2001.

“While modest sales growth might not stir excitement, it shows slow and steady progress from the lows of late last year,” said NAR Chief Economist Lawrence Yun. “Ongoing job gains are clearly increasing demand along with more inventory.”

Pending Home Sales Regional Breakdown

The Northeast PHSI decreased 0.3% from last month to 63.4, a decline of 9.0% from February 2023. The Midwest index soared 10.6% to 81.6 in February, down 2.5% from one year ago.

The South PHSI rose 1.1% to 89.5 in February, falling 8.5% from the prior year. The West index fell 6.5% in February to 57.1, down 7.9% from February 2023.

“The high-cost regions in the Northeast and West experienced pullbacks due to affordability challenges,” added Yun. “Home prices rising faster than income growth is not healthy and adds challenges for first-time buyers.”

Yun further noted, “There will be a steady rise in inventory from recent growth in home building. Additionally, many sellers, who delayed listing in the past two years, will begin to put their homes on the market to move to a different home that better fits their new life circumstances – such as changes in family composition, jobs, commuting patterns and retirees wanting to be closer to their grandkids.”

About the National Association of REALTORS®️

The National Association of REALTORS®️ is America’s largest trade association, representing 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR®️ is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS®️ and subscribes to its strict Code of Ethics.

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*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

Pending contracts are good early indicators of upcoming sales closings. However, the amount of time between pending contracts and completed sales is not identical for all home sales. Variations in the length of the process from pending contract to closed sale can be caused by issues such as buyer difficulties with obtaining mortgage financing, home inspection problems, or appraisal issues.

The index is based on a sample that covers about 40% of multiple listing service data each month. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.

An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

Getting Your House Ready for Spring Listing: Essential Steps 

Getting Your House Ready for Spring Listing: Essential Steps 

Getting Your House Ready for Spring Listing: Essential Steps 

If you’re considering selling your house this spring, now is the opportune moment to begin preparing it. As the market gears up for its busiest season, ensuring your house stands out among the competition is crucial.

Here are some essential tips to help you get your house market-ready:

Declutter and Organize: First impressions count, and a cluttered house can easily deter potential buyers. Before listing, take the time to declutter and organize each room. Decluttering goes beyond mere tidying up; it involves creating a sense of space and openness that allows potential buyers to envision themselves living in your home. According to Moving.com, decluttering and organizing your space significantly appeal to potential buyers, making the home appear larger and cleaner, which can attract more buyers.

Deep Clean Your Kitchen and Bathrooms: The kitchen and bathrooms are focal points for many buyers and can influence their overall opinion of the house. Ensure these spaces dazzle by giving them a thorough deep cleaning. Pay attention to details like scrubbing grout lines, polishing fixtures, and decluttering countertops. A sparkling kitchen and bathroom can leave a lasting positive impression on potential buyers.

Maintain Your Yard: Your home’s exterior is the first thing potential buyers see, so creating a good impression from the moment they arrive is vital. A well-maintained yard not only enhances curb appeal but also shows buyers that the home has been well taken care of. Take the time to spruce up your yard by mowing the lawn, trimming bushes, and clearing away any debris or dead plants. A beautifully landscaped front yard can elevate an ordinary house into a charming home and will help homes sell faster and for more money, as per U.S. News.

Find a Listing Agent: A skilled listing agent is your partner in minimizing stress when selling your home. Lean on your agent for advice on decluttering, staging, and enhancing your home’s appeal to potential buyers. Their insights into market trends and recommendations for reliable contractors and stagers are invaluable. As Realtor.com suggests, a good listing agent will help you price your home, recommend a photographer and stager to make it look its best, and put your home on the multiple listing service.

 

In summary, decluttering, deep cleaning, and tidying up your house can establish a welcoming atmosphere that appeals to buyers and enhances your chances of a successful sale. Reach out to a reputable real estate agent for guidance on preparing your house for sale this spring.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

Navigating Home Price Headlines: Clearing Up the Confusion 

Navigating Home Price Headlines: Clearing Up the Confusion 

Navigating Home Price Headlines: Clearing Up the Confusion 

Concerns about falling home prices may arise from headlines in the news, but it’s important to understand the complete picture. Despite some occasional fluctuations, the national data for 2023 reveals a trend of positive growth in home prices throughout the year, dispelling notions of a widespread decline.

While variations exist across different markets, the overarching narrative of 2023 reflects an upward trajectory in home prices. Although there were instances of minor declines in certain months at the national level, they were more of an anomaly than a prevailing trend.

In essence, 2023 marked a return to a more typical pattern of home price appreciation. Understanding the dynamics of the residential real estate market sheds light on this phenomenon.

Seasonality plays a significant role in the housing market, characterized by predictable ebbs and flows. Spring typically heralds the peak homebuying season, marked by heightened activity and robust demand. This momentum often carries over into the summer months before gradually tapering off toward the year’s end. Correspondingly, home prices tend to exhibit growth during periods of heightened demand, aligning with the cyclical nature of the market.

Here’s What You Need to Keep in Mind: When it comes to understanding home price trends, headlines often focus on minor month-to-month fluctuations rather than the broader annual perspective. This can create a skewed perception of the housing market’s overall health, as it zooms in on isolated segments of the narrative.

It’s crucial to recognize that the housing market experienced a return to seasonal patterns last year, marking a positive shift from the unprecedented surge seen during the peak of the pandemic. While this return to normalcy may seem like a subtle change, it actually signifies a more sustainable trajectory for home prices.

If concerns linger about the possibility of home prices declining, rest assured that current indicators suggest otherwise. Projections for this year anticipate continued price appreciation, driven by factors such as declining mortgage rates and heightened buyer demand. With more prospective buyers entering the market amid persistently low housing inventory, the upward pressure on prices is expected to persist.

In Conclusion, don’t let sensationalized headlines about home prices cloud your judgment. The comprehensive data from 2023 indicates an overall upward trend in home prices. Should you have any questions or uncertainties about market dynamics, consider reaching out to a reputable real estate professional for personalized insights and guidance tailored to your specific area.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

Discover the Allure of Heritage Hills: Where Active Living Meets Mediterranean

Discover the Allure of Heritage Hills: Where Active Living Meets Mediterranean

Discover the Allure of Heritage Hills: Where Active Living Meets Mediterranean

Nestled in the homes for sale in Heritage Hills Clermont by Lennar stands as a testament to active adult living at its finest. This gated community seamlessly combines the convenience of proximity to major highways and shopping centers with the tranquility of picturesque landscapes. As you step into Heritage Hills, you are greeted by gentle rolling green hills, sprawling parks, crystalline lakes, and wooded preserves that collectively enhance the quality of life for its residents.

HERITAGE HILLS COMMUNITY AMENITIES 

At the heart of Heritage Hills lies a 19,000 square-foot Mediterranean-inspired clubhouse, serving as a hub for the vibrant community of 55 and better residents. Whether you’re an avid fitness enthusiast, a social butterfly, or someone who enjoys quiet moments, Heritage Hills has something for everyone such as: 

– Clubhouse/Amenity Center

– Fitness Center

– Outdoor Pool

– Aerobics & Dance Studio

– Card Room

– Arts & Crafts Studio

– Ballroom

– Computers

– Library

– Billiards

– Walking & Biking Trails

– Tennis Courts

– Pickleball Courts

– Bocce Ball Courts

– Shuffleboard Courts

– Basketball Court

– Parks & Natural Space

– Demonstration Kitchen

– Outdoor Patio

– Pet Park

– Golf Practice Facilities/Putting Green

– Picnic Area

– Gazebo

– Lounge

SCHOOLS 

Imagine Schools At South Lake 1.5mi

Pinecrest Lakes Academy          4.2mi

East Ridge High School               2.2mi

 

LOCAL SPORTS, PARKS & ENTERTAINMENT 

Kings Ridge Golf Club – Designed by Lloyd Clifton, offers a challenging 18-hole, par 71 experience with rolling terrain in Clermont, Florida. It features elevated tees, rolling fairways, and demanding greens. The Ridge Course, designed by Ron Garl, is a par 57 gem with scenic views, water hazards, multi-tiered greens, and various challenges over its 3660 yards. Both courses provide an enjoyable yet testing experience for golfers.

Lake Louisa State Park – Provides a “natural theme park” with miles of trails to explore, cabins, paddling, fishing, swimming, glamping and more. Head up to Silver Springs State Park near Ocala to take a trip on glass-bottomed boats, a tourism experience that dates back to the 1870s. Paddling and hiking are also available within the park.

Hancock Park – Home to the Clermont Girls Softball League, offers five softball fields, two soccer fields, and a spacious playground with separate areas for different age groups. The park features a full concession area, picnic tables, and bathrooms. Visitors appreciate the large parking area and a nearby Ramada for shade and snacks.

 

 

Uncover the unparalleled allure and wealth of amenities that define Heritage Hills as the quintessential destination for those seeking an active adult lifestyle. From its picturesque surroundings to its array of recreational facilities, Heritage Hills embodies the essence of vibrant living. Reach out to RE/MAX Heritage today by calling (863) 424-2309 or visit us at our office located at 9110 HWY 192 Suite A. Let our experienced team lead you on a journey to discover your dream home in this enchanting enclave tailored for residents aged 55 and better.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

January Real Estate Sales Report

January Real Estate Sales Report

January Real Estate Sales Report

WASHINGTON (February 22, 2024) – Existing-home sales grew in January, according to the National Association of REALTORS®. Among the four major U.S. regions, sales accelerated in the Midwest, South and West, and remained steady in the Northeast. Year-over-year, sales improved in the West, and decreased in the Northeast, Midwest and South.

Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops – elevated 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January. Year-over-year, sales slipped 1.7% (down from 4.07 million in January 2023).

“While home sales remain sizably lower than a couple of years ago, January’s monthly gain is the start of more supply and demand,” said NAR Chief Economist Lawrence Yun. “Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year.”

Total housing inventory2 registered at the end of January was 1.01 million units, up 2.0% from December and 3.1% from one year ago (980,000). Unsold inventory sits at a 3.0-month supply at the current sales pace, down from 3.1 months in December but up from 2.9 months in January 2023.

The median existing-home price3 for all housing types in January was $379,100, an increase of 5.1% from one year ago ($360,800). All four U.S. regions posted price increases.

“The median home price reached an all-time high for the month of January,” Yun added. “Multiple offers are common on mid-priced homes, and many homes were still sold within a month. The elevated share of cash deals – 32% – indicated a market full of multiple offers and propelled by record-high housing wealth.”

REALTORS® Confidence Index

According to the monthly REALTORS® Confidence Index, properties typically remained on the market for 36 days in January, up from 29 days in December and 33 days in January 2023.

First-time buyers were responsible for 28% of sales in January, down from 29% in December and 31% in January 2023. NAR’s 2023 Profile of Home Buyers and Sellers – released in November 20234 – found that the annual share of first-time buyers was 32%.

All-cash sales accounted for 32% of transactions in January, up from 29% in both December and one year ago.

Individual investors or second-home buyers, who make up many cash sales, purchased 17% of homes in January, up from 16% in December and January 2023.

Distressed sales5 – foreclosures and short sales – represented 2% of sales in January, virtually unchanged from last month and the previous year.

Mortgage Rates

According to Freddie Mac, the 30-year fixed-rate mortgage(link is external) averaged 6.77% as of February 15. That’s up from 6.64% the previous week and 6.32% one year ago.

Single-family and Condo/Co-op Sales

Single-family home sales moved higher to a seasonally adjusted annual rate of 3.6 million in January, up 3.4% from 3.48 million in December but down 1.4% from the prior year. The median existing single-family home price was $383,500 in January, up 5.0% from January 2023.

At a seasonally adjusted annual rate of 400,000 units in January, existing condominium and co-op sales were unchanged from last month and down 4.8% from one year ago (420,000 units). The median existing condo price was $339,400 in January, up 5.7% from the previous year ($321,100).

Regional Breakdown

At 480,000 units, existing-home sales in the Northeast were unchanged from December but down 5.9% from January 2023. The median price in the Northeast was $434,300, up 10.1% from the prior year.

In the Midwest, existing-home sales increased 2.2% from one month ago to an annual rate of 950,000 in January, down 3.1% from last year. The median price in the Midwest was $271,700, up 7.6% from January 2023.

Existing-home sales in the South rose 4.0% from December to an annual rate of 1.84 million in January, a decline of 1.6% from the previous year. The median price in the South was $345,100, up 4.1% from one year ago.

In the West, existing-home sales elevated 4.3% from a month ago to an annual rate of 730,000 in January and grew 2.8% from one year earlier. The median price in the West was $572,100, up 6.3% from January 2023.

“More listings will help Americans move,” said NAR President Kevin Sears, broker-partner of Sears Real Estate in Springfield, Massachusetts. “That’s why NAR has pushed for the passage of H.R. 1321 – The More Homes on the Market Act – which would lower the tax hit on home sales and bring additional inventory to the market.”

Why RE/MAX Heritage

At RE/MAX Heritage, we’re your go-to experts for everything related to Florida real estate, whether you’re in the market for new or resale vacation homes, investment opportunities, retirement properties, residential homes, or in need of long-term property management and leasing services. Essentially, we’re your bridge to purchasing and selling properties in the vibrant Orlando area.

Our journey began as Bardell Real Estate in 1989, and for more than three decades, we’ve dedicated ourselves to serving the Central Florida community. This long-standing commitment has allowed us to amass extensive knowledge, experience, and a stellar reputation for offering top-tier representation and services. The transformation into a RE/MAX office in December 2021 raised some questions, and here’s why we made that leap.

Our foundation is built on the core values of honesty, integrity, and respect—principles we hold dear and incorporate into every aspect of our business. By merging the unparalleled strengths of RE/MAX with Bardell Real Estate’s rich legacy, we guarantee our clients the best of both worlds: continued access to exceptional real estate services now and well into the future. That’s the promise of RE/MAX Heritage.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.