Sold By Scott Orlando Real Estate

01/14/2024

The heavy real estate market historically opens around March or April each year. However, 2024 is starting immediately. As mortgage rates drop, buyers are trying to beat the traffic and are jumping in on offers in January. Mortgage applications are up 10% and 24% of sales are going for over list price.
Prices jumped dramatically in 2021 and have stayed at those highs since. 2024 is going to see those prices start to jump all over again. Let's talk about how we can use this market to grow your nest egg.

Mortgage rates declined throughout December, luring more buyers back to the market. They're competing over stubbornly low inventory.

04/27/2023

There are a lot of takeaways from this article, but in short, the normal spring rush has started right on schedule.

Mortgage demand rebounded despite a rise in interest rates, as homebuyers take advantage of easing house prices.

01/05/2023

It's official, you guys get 2 more years of me doing real estate in Florida! Happy New Year everybody

11/17/2022

Mortgage rates are down an entire half percent this week, providing a nice increase in buying power compared to the last month.

The rate on the average 30-year fixed mortgage fell to 6.61% from 7.08% the week prior, according to Freddie Mac,

08/04/2022

Interest rates hit 4.99% this month, continuing a gradual downward trend after peaking at 5.81% in June. This is a rather significant boost in buying power to help combat high prices, lowering monthly mortgage payments by just over $200 assuming a $400K loan.

06/03/2022

If you have purchased a home in the last few years, either from me or not, and you have PMI on your loan, there is a very high chance you now have more than 20% equity in your home and can have it removed early.

Reach out to me and I will run an analysis to let you know if you should apply for a new appraisal from your mortgage company. Removing PMI early can save you thousands of dollars over the life of your loan.

[email protected]
321.295.2892

03/25/2022

Alright Florida, I’m running it back. My real estate license is renewed for 2 more years in the sunshine state! Now let’s get to work

03/12/2022

Congrats to the new owner on this gorgeous piece of paradise in Clearwater! The market is difficult for buyers right now, but we got you in under list price the week it came on the market.

I hope you, your family, your friends, and, of course, your boat all have the time of your lives for years to come. I’ll have to come out for a visit when the Yankees are in town!

10/23/2021

10/20/2021

Central Florida real estate stats for September 2021 are now out!

Stats show September 2021 vs both September 2020 and August 2021. The most important points to note here are that active listings are nearly half what they were a year ago. At the same time, a listed home's average days on the market is down 60% from an average of 48 days last year to just 19 days now. Not surprisingly, the average sales price is also up 17% compared to a year ago.

In short, many fewer homes are available for sale, but we are still seeing the same number (not percent, actual number of homes) of homes closing. That change in supply and demand has caused homes prices to rise and for homes to come off the market in less than three weeks on average.

As we come into the 4th quarter, we are not seeing the general winter slow down that has been experienced historically. Sales and prices are continuing to rise.

09/27/2021

I'd like to give a huge congratulations to the new happy homeowners on this property in Tuskawilla Crossings!

In a summer of rampant price increases, multiple offers for tens of thousands over asking price on seemingly every home, and cash offers from investors, we were able to rip this home away from the market and into your hands. I feel incredibly fortunate that I had a hand in getting you into your forever home - especially in this market.

Congrats and enjoy!

08/18/2021

20% down is not realistic for most buyers. The median (not mean) % down for home buyers this year was 12%. For first time buyers? 6%!

If you are worried because you don't have $30-$200K saved up as a down payment, you are not alone and it is not expected.

Saving up a large down payment can be the most challenging part of purchasing a home. But you may not need as much money as you think.