Orlando Florida Condo Listings - Everything You Need To Know
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Orlando Florida Condo Listings
Orlando Florida Condos are a great place to start looking for in Orlando FL.
Not everyone coming to Orlando wants to get into a home or maybe you are trying to fit your budget and needs. Condos range from low-end starters all the way to luxury and even short-term rental resorts!
Now, let's get into the steps you need to take when buying a condo in Orlando Florida.
Find the Right Orlando Condo
What are you trying to do?
Looking for a permanent condo or an investment property? These are the starting questions when starting this search.
While knowing what you can afford is important, having your end goal is really where you need to start, that way when talking with myself or a member of my team we can start to show you what options are available in your need.
While there are many condos in all budgets you can also find condos just like in the video above, that are new construction condos that is a short-term resorts!
While only a few condo complexes allow for short-term rentals, you can find many ranging from low-cost first-time condos, all the way to resort living at its finest.
Choose the Best Orlando Location
Ah yes, the next hard question when looking for a home wether to live or to rent out.
All the normal issues apply such as, do you have to drive to work? Do you have kids with school or a spouse that needs to work as well?
But I also can say from experience most who buy a condo never want to stay there, so the next question is what areas are holding value the best over time?
Generally in orlando it is central Orlando that is best for most because it is close to everything compared to the outside of Orange county, but it also is best to find condos where there are great amenities close by and an HOA that is well managed.
Now this is all depending on your budget but remember you dont have to worry about older condos, there are several new condo opportunities and I am sure more coming in 2023 and beyond.
Also finding condos that are FHA and VA approved allows you to purchase (if you need those loans) or to also resale to more potential buyers when that time comes down the road.
If you need help choosing the best location to search, we are always one call away.
Apply for Financing Or Decide On Using Cash
Times are certainly changing compared to only 1 year ago in the real estate market. At the time of writing this article (sept. 2022), we are seeing rising rates, slight decreasing in home prises and sellers giving concessions back to home buyers as some examples.
This is the next step in your journey, how can you afford your goal? This will set your budget and give you the blessing to start shopping for homes. Also do not forget are you all cash, or deciding between 3-20% down on your loan.
Need to get approved? Head here to our lenders site and tell them Cameron Hodge sent you!
Using All Cash?
Using all cash you might be in some situations to get a decrease of purchase price, not to mention being able to close on a home quickly.
But I do encourage all of my cash buyers to weigh the pros and cons to using some debt to purchase because the cash could be used better elsewhere.
Using An FHA Or VA Loan
Over the last few years these buyers have gotten a bad rap, but thanks to rising interest rates, they have started to gain power back and get great power in this current market.
I can tell you that using these loans (being a veteran myself) is ok and do not think it is a bad thing to use their low down payments.
For veterans you have a great opportunity and I can say from experience you lose nothing by going a conventional loan.
Also if you need to use a conventional loan type it could be beneficial but we would have to discuss your current situation to see if thats the case!
Considering A Move?
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Negotiate the Price
The grind begins, after all the steps previously this is where someone like myself step up to follow your path to meet and exceed your goals.
Finding a “deal” is not always finding the lowest priced condo but finding the condo that might have the best price or maybe the seller is open to paying closing costs.
Also you need to make sure everything lines up to when you find that home you can move in as soon as its yours.
What Now?
Love what you read but need to know your next steps. Reach out to us here and we can sit down with you and work out the plan to make it all happen.