All markets have their downs and ups, and for real estate it’s been mostly down for some time now. According to a study and forecast by Attorneys’ Title Insurance Fund Inc., Orlando real estate continues to be the strongest real estate market in Florida because of the area’s strength in fast-growing industries such as healthcare, tourism, education and defense. Either way, in these trying times it is especially important to work with a real estate agent who specializes in the local area.
I had no clue about real estate or even what MLS stood for (Multiple Listing Service)when I bought my first home. However, I lucked into working with a local real estate agent who knew the area and its listings inside out. Even though I more or less knew what I wanted, he insisted on showing me a variety of properties in several areas. He said I needed to know what was out there so that I could make an informed decision. While driving me to see properties he explained the pros and cons of every building, area, and location type. His advice proved invaluable as I ended up buying a home that was just perfect.
Real estate was booming back then and I had no problem selling my first home at a large profit, but my new broker either didn’t care or simply didn’t have a clue. The agent knew nothing of the neighborhood, the property was neglected while I waited for the closing, and the agent did nothing to help me at all.
The agent had never mentioned that to me. And once again I was stupid enough to enlist an inexperienced part-time broker to sell my home.
When we finally relocated I drove around the area, spoke to homeowners, interviewed several agents, and finally found a local realty firm that specialized in the part of town I was interested in. Like that very first broker of mine, the agent took his time explaining local market conditions, listening to my requirements, going through the Orlando MLS with me, patiently showing me various options, locating a great place, helping me close a good deal, and then assisting me with local laws and paperwork. For More information more tips here
What it’s really about is agent, agent, agent. Orlando real estate remains a potentially lucrative and attractive proposition, but only if you pick the right agent.
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