Clermont, FL (Community Profile)

Clermont is one of the fastest growing communities in Central Florida. Located 22 miles west of downtown Orlando in Lake County, Clermont has grown from a small rural town of around 7,000 people in 1990, to over 32,000 people today. It has become a hot spot for new development in the past decade or so, offering all the suburban conveniences yet far enough removed from the heavy tourist areas.

A popular spot for young families looking to find great, affordable homes as well as retirees. Clermont has recently been named “Best Places to Retire” by both Forbes and Money magazines, and is home to several premiere 55+ Active Lifestyle Communities. If you like fishing, boating and water sports, the Clermont Chain of Lakes covers all your aquatic needs.

Don’t worry, you are still right around the corner from Orlando area attractions like Walt Disney World, Universal Studios and Sea World.  This could be just the community for you!

Check out our video profiling the Clermont area…

Election’s Impact on the Real Estate Market

whitehouse
Picture of White House – History.com

We can all agree, the 2016 Election was one for the history books. Both pollsters and financial experts alike, failed to predict the outcome of the election, as well as its impact on the economy.

Wall Street overwhelmingly supported Secretary Clinton’s campaign. Some in the financial community predicted an almost doomsday-like scenario if Trump were elected. Yet, in the days following Trump’s victory, markets rallied to record-breaking heights. This spike is perhaps attributable to investor’s realization that Trump’s proposed tax, health, regulatory and energy reforms, as well as projected investment in infrastructure, would create a pro-growth environment.

So what impact will President elect Trump, have on the residential real estate market?

If Trump’s policy agenda is enacted, forecasters expect at least a short-term boost to the economy. As a result, we are likely to see more jobs, rising incomes and a lower tax burden. Theoretically, this could result in more money in the pockets of homebuyers. Thus, renters may be incentivized to buy.

On the flip side, Trump’s pick for Treasury Secretary, Steve Mnuchin, has expressed support for privatizing Fannie Mae and Freddie Mac and has called for more scrutiny on government-backed loans. There has already been an increase in mortgage rates post-election, and the December meeting of the Federal Reserve may result in a slight increase in interest rates.

There is no clear consensus on the impact of a Trump Administration on the residential real estate market. Some experts advise those looking to buy or refinance should be patient as rates stabilize; while other experts suggest buyers should buy now in order to lock in lower rates.

Brian Koss is a member of Team Koss,  Real Estate Agents at Keller Williams Classic in Orlando.  This article was featured in the West Orange Chamber of Commerce December newsletter and on their Blog and News section.   Team Koss are members of the West Orange Chamber. 

Hire a REALTOR®

If you have decided to move and need to either sell your existing home or buy a new home, finding a competent REALTOR® to market your home is a great investment — here is why…

If you choose to rent an apartment or buy, sell or lease your home, REALTORS can help you get the biggest bang for your buck.  You may think you cannot afford a REALTOR, but a REALTOR’s knowledge of the area, access to the latest market information and expertise are invaluable money-savers in the end.

If you are currently renting, this is a good time to dust off your lease agreement and figure out how much notice your landlord needs.  If your lease is coming due, you are in an ideal situation to start looking for your forever-home.

If you currently own your home and need to sell it, invite your REALTOR to view your home.  Now’s a great time to strategize.  Perhaps your house could use some light home improvements to freshen it up and give it better curb-appeal.  A REALTOR will draw your attention to things in your home that may attract or distract potential buyers.

Maybe it is time to paint that lime green bathroom a nice neutral color, cut down that dead tree in the front of your house or just de-clutter.

After a market comparison of other houses that have sold recently in your area, your Realtor will give you a good idea what price your home should be listed for.  A REALTOR’s exclusive access to the MLS (Multiple Listing Service), as well as their expertise,  will allow them to price your home appropriately for your area and current market conditions.

Pricing is an important factor.  Without a REALTOR, you may be selling yourself short by either underpricing or overpricing your home.  Overpriced homes will turn off or even scare away potential buyers. Time is money.  If you can afford to not sell your house until you get your desired price, (and that price can also appraise) then more power to you.

If you underprice your home, you lose opportunites to make additional money.

If you are buying a home, a REALTOR will help you get a good idea what is truly available in the marketplace.  Most people start their home search online and quickly discover that the posts are outdated!  After calling on several desired homes you may notice an unsettling trend; that all the houses you like are under contract or have been sold… because those buyers were using a (wait for it)…REALTOR!

Rather than wasting time with online searches that may be rife with expired listings, a REALTOR will have the very latest listings, so you can jump on a good value as soon as it pops on the market.  Furthermore, your REALTOR will help you make a strong offer, negotiate on your behalf and walk you through all the contracts and paperwork.

Why does it “pay” to hire a REALTOR? Ever try to fix a leaky pipe and wind up flooding the floor?  Even if you manage to do it right, all the time and money you squandered on parts could’ve been better spent calling a plumber and getting it done right the first time.

Same idea with a REALTOR.

This Clermont Home Has Style!

DJI_00402795 Kingston Ridge Road, Clermont, FL

This house is truly impeccable with upgrades at every turn. Twelve foot, volume ceilings with crown moldings, an open concept kitchen-to-family room, make this home feel quite spacious. Imagine cooking in a chefs kitchen equipped with newer stainless steel appliances, elongated granite countertops, backsplash, pendant lighting and 42 inch custom cabinets. Relax inside the screened in patio with travertine pavers, and swim in the saltwater pool, with mature landscaping and no immediate rear neighbors. Retreat to the master bedroom, with tray ceiling and fan, garden tub and separate showe…r, dual vanities with granite countertops. Warm up near the fireplace with stone accent or in the sunny breakfast nook. Plenty of room to park in the extended driveway with two car garage. The second floor bonus room would make an ideal project room, home theater or gym. Located in the gated community of Regency Hills which include a common area with pool, basketball and tennis courts. This house has it all and more. Just a short drive to the parks and all the shopping and entertainment Central Florida has to offer.

For a Private Showing Call:  248-321-0109

“What’s That Smell?!” Buyers Nose = Sellers Woes

Smell is often the least appreciated of the five senses. Understandably; it may not be as essential as sight or sound – but sellers should never underestimate how important it is to buyers that the place smells good when they are evaluating your home. A buyer’s nose can literally lose you money. Some buyers cannot “see” beyond the telltale scent of your lovable little dog embedded deep into your carpets. Or even the pungent traces of that garlic-onion stew you had for lunch, still lingering in the air.

Even if the buyers love your home, otherwise, and would’ve planned on replacing whatever the offending odor is emanating from — it may be too late. Because in the buyers’ mind, your house “stinks.”

I have literally seen buyers walk through a home’s front door, then exit just as quickly because they smelled something that did not agree with them. That these same homes had so carefully, meticulously staged by their sellers only adds to the tragedy.

Now, does that mean that sellers should ditch their pets, or starve during the showing phase? Absolutely not. It just means that sellers should ask a trusted third party if their house has a smell. Other ideas would be to avoid cooking foods with distinctive odors right before a showing. Be sure to open those windows and let some fresh air in, a few hours a day. Wash all the hard surfaces of the house with a cleaning agent, get your air ducts cleaned, and if necessary, have those carpets professionally cleaned. Everything goes double if you are a smoker.

We have often walked into a home and played the game “What’s that smell?” …Is it a dog? Cat? Cigarette smoke? Mildew?”

Joking aside, smells can seriously frighten buyers off, none more so than mildew. When a whiff of mildew or mold hits a prospective buyer’s nose, it is literally the kiss of death. These smells makes them assume the house has been poorly maintained or conceals deeper defects, such as leaky roofs and pipes. Of course, if this is actually is the case, and a leak or other serious defect is behind the awful stink, the buyer needs to seek a professional to address the cause directly, and never just mask the odor.

However, if the house just smells a bit musty for one reason or another, take the time to correct it. You don’t want to sell your home short over a minor fix.

Having said all that, be sure not to overdo the Febreeze or Lysol sprays, either. It’ll backfire just as much as pouring too much perfume over yourself before a big date. Honestly, the best smell to a buyer is a generally fresh and clean ambiance. Wash every surface of your home, (get out the toothbrush and scrub between the cracks!) then give it some time to air out.

Nothing excites a homebuyer more then the lovely fragrance of a clean, well-maintained home.