Dr Phillips Real Estate Prime for Early Birds

When it comes to investments I typically go back to the Guru of investments Warren Buffet and his philosophy "Buy fear Sell greed".  Don't get me wrong Dr Phillips real estate is not in a fear state but the next best option would be "when people are not shopping a market...BUY!

There are currently 179 Dr Phillips Homes in which only 6 are bank-owned or short sales.  This is a far cry from a few years ago when Doctor Phillips along with most other towns and cities were flooded with distressed properties.  Add to this new mortgages the past 6 years have been at all time low interest rates with 30 year mortgages...Doctor Phillips Orlando, Florida is prime real estate.

• Dr Phillips Homes under 200k

• Dr Phillips Homes $200,000 to $400,000

• Dr Phillips Homes $400,000 to $600,000

• Dr Phillips Homes $600,000 to $800,000

• Dr Phillips Homes $800,000 to Million Dollar Estates

2017 Dr Phillips Real Estate Forecast

I came across this article the other day, "Will 2017 be a buyer's or seller's market" and decided to take a hard look at my area of service Dr Phillips real estate.

Before I jump into the Doctor Phillips market, let's look at the four economist talking points.

• Next year will likely remain a seller's market in most markets, but buyers might have their day in 2018 or 2019.
• Future buyers will be "less white and a little younger."
• “While I expect inventory levels to rise in 2017, it will likely remain a seller’s market,” said Matthew Gardner, chief economist at Windermere.

As much as I respect and admire economists prognostications there is one very important variable left out of their evaluations...real estate is about local markets. 

Sure a broad stroke of the North America real estate market is interesting but buyers purchase in local markets.  So much so that Southwest Orange County Florida that consist of the Dr Phillips, Windermere and Winter Garden communities, all have different real estate trends and forecast. 

Further more any projections a couple of years out are just guesstimates, there are to many variables that can, and most likely will, have a huge effect on real estate values to predict. 

As of this writing there are 205 single family Dr Phillips homes for sale with an average days on market of 156 days, that's one indication of a trending buyer's market.  

Additionally this past year and a half the Dr Phillips real estate market has been receiving growing competition from the New Horizons West area located off the 429 Independence exit in Winter Garden.  

In the boom of 2005 it was very difficult getting buyers up the 535 towards Windermere and Winter Garden but that has changed. The Cove at Hamlin, Hamlin Reserves and Overlook at Hamlin located in New Horizons West are very popular among today's buyers and after visiting very difficult to turn back towards Dr Phillips.  

Dr Phillips is and always will be a sought after community but there is formidable competition attracting 2017 buyers. 

A Real DEBATE Has Nothing to do with Elections!

The most important period of a real estate deal is decision time...and knowing if you found the HOME!

Specializing in the Doctor Phillips real estate market the past 16 years it's not uncommon buyers miss out on the perfect home thinking there are many more right around the corner. 

I came to realize many buyers are hunters, starting out with a wide range of criteria and honing it over time into their dream home. But what happens many times is the hunt starts to take priority over finding the perfect home.  That excitement of finding the "Diamond in the rough" fuels the home search fire resulting in missed opportunities.

5 signs you found your Diamond

1.  Location - So important we say it three times, but I'll spare you. Keep in mind location will never change so make sure you have this one down.

2.  Is it affordable - If you are nervous about the payments move on!

3.  Your basic needs are met - Maybe you don't have the theater room but will you be comfortable now and in 3 years.

4.  It stands alone - From all the other homes you looked at this home seems special.

5.  You're in love - When you walk through the home it feels like a million butterflies are having a party in your stomach.  Ok, maybe a little exaggeration but you get the idea.

Start your home search today and prepare yourself for the Debate of a lifetime!

Search Doctor Phillips Homes for sale

Beautiful Lakefront Home For Sale

Beautiful Lakefront Home located in Doctor Phillips Orlando, Florida.  Tile roof home with just under 4,000 square feet of Living Area and 110 feet of Shoreline on the Sand Lake Chain of Lakes. Enjoy Year Round Fishing, Boating & Water sports on the Private 4,720-acre Spring Fed Sand Lake Chain! 

 

Upgraded Granite, Hardwood & Tile Flooring found throughout this Lovely Home. Builder/Owned with Attention to details...Insulated Block Brick, Batt Insulated Attic & Double Pane Low E Insulated Windows for Low Monthly Utility Bills!

Home Features 4 Bedrooms, 3.5 Baths All Updated & Huge Family/Bonus Room Addition (built in 2006) with Bar, Full Size Fridge, Micro, Dishwasher, Sink, Wine Cooler, 7 Speaker Surround Sound, Tray Ceiling with Rope Lighting & Hurricane Safe Room with Added Storage.

 

 

 

Large laundry/Craft Room, Workshop & Spacious 3 Car Garage. Master Bedroom, Living room, Kitchen & Family room All Overlook the Screened Enclosed Patio, 6 Foot Center Deep Swimming Pool and Spa and PICTURE PERFECT LAKE VIEWS!

The Sand Lake Point Community has easy access to I-4, Turnpike & Beachline and Residents Enjoy Lighted Tennis Courts, Clubhouse, Park, Dock and Private BOAT RAMP with Low HOA. Move-in Ready One-Story Home Situated on .71 Acres of Prime Doctor Phillips Real Estate! All Within Minutes of the Famed “Restaurant Row” over 80+ Restaurants, I-Drive, Attractions, Shopping, Outlets, “A” Rated Schools & Dr. Phillips Park which Features Two Dog Parks, Soccer, Basketball, Sand Volleyball, Splash Water Park and "A" schools.

Call Robert and Paula Today at 407-347-3800 for a private showing.

Are These 4 Common Mistakes Putting Your Dream Home at Risk?

If you did it right your dream home search is complete and you're happily making your monthly mortgage payments building up a nice little nest egg.

Smart consumers searching for homes have a plan and stick with it and limit these common mistakes...

Mistake #1

Emotions - Many buyers typically purchase on emotion but it's the one thing they should be running from...Stick with the facts and yes this includes keeping the emotions out of your negotiations!

Emotions are real, acknowledge them but then move past them quickly and concentrate your energy on value.  Everything starts with the value of a home, your emotions will only mucky up the waters and cloud your judgement

Mistake #2

Going Solo - There's a reason Realtors must disclose when selling their own home, we have an unfair advantage!  Mistake #2 is not about, ok now hire me, this is about the 4 common mistakes purchasing a home and #2 is to hire a LOCAL, EXPERIENCED, REALTOR...

• Local - A realtor that closes properties in a particular part of town or neighborhood.  Look through recent closed properties for active Realtors
• Experienced - At least 5 years experience in selling real estate.  Yes I feel bad for the new agents, but let them practice their craft and hone their skills on family and friends for the first few years. 
• Hire a Realtor - Realtors follow the Realtors Code of Ethics where by Realtors share with their fellow REALTORS® a common responsibility for its integrity and honor between each other and more importantly with consumers and clients.

Mistake #3

Making List Price a focal point - Many times to much attention is placed on list price rather than value.  List price can be value but most times it's either over or under value.  

Once value is determined a buyer can decide what is the best purchase offer strategy and more importantly now knows at what price to stop and walk away!

Mistake #4

Being Too Critical

The focus should be on the basic bones of a home not the minor aesthetic issues that can easily be fixed. Old carpeting can be torn out; baby blue wall color can be repainted.  New flooring and paint go a long way changing the appearance of a home.  Number 1 return of investment on improving a homes value - PAINT

Guard against these common mistakes and get yourself in to your dream home.  Looking for a local expert in Doctor Phillips Florida, give TeamConnect Realty and Broker Robert Schott and Paula Hemani a call today 407-347-3800, always here help!

Find New Homes in Doctor Phillips Area on Advanced Search Tool

The much awaited new construction search tool was just released!

Builders Update, a new construction search tool, is now available.  Up into just a few days ago the challenge of finding new construction was that there was not a central site that listed all available new homes and future developments.  

Although the system does not have 100% participation, 175 local and national builders is a great start with the last few sure to follow. 

Builders Update features:

•175 local and national builders, with more opting in every day
•Responsive map search
•Home and community images
•Advanced search
•Builder incentives, sent to you and sorted by metro area
•And much more!

The most updated New Construction site around, try it Today... Doctor Phillips New Homes. 
Search resale properties in Doctor Phillips here!

Real-time Home Search Site for Buyers

When it comes to homes for sale via the intranet are you searching the latest listings to come on the market?  Many buyers today are missing out on great deals because they are doing home searches on sites that are not updated with the latest listings.

There is no shortage of websites to search property listings, whether it's one of the three giants, Realtor.com, Trulia or Zillow or one of the little guys in between, buyers are most likely going back to sites they are familiar with but they could be missing out on the most attractive homes for sale.  In today's real estate market the good deals go under contract within 24 to 48 hours.

Search engine sites seen on the Internet are called portals and pull listing details and photos from a local Multiple Listing Service (MLS), in Orlando this is My Florida MLS.  Portals can add additional information from local tax records but the problems comes in when these portals are not updated immediately, but rather hours (not many are), days or some times a week or more, in today's real estate market the good deals go fast.

Since the majority of all homes in Central Florida are input into the My Florida MLS, Realtors have first hand knowledge of new listings as soon as a selling broker presses the submit button, this is valuable information.

The good news for buyers is you don't have to have a Real Estate license to search real time property details.  My Florida MLS recent change to the Matrix system now allows buyers access to their very own private portal that links directly to the MLS, the most accurate system by far and direct access to new listing without the delay that comes from intermediate portal company.

Sign up for you free MLS Portal account today and don't miss out on the next great deal in the Central Florida real estate market!