Ah, rest–it is probably one thing that many people will say that they don’t get enough of.  Something we may not realize that’s vital to a good night’s sleep is a calm atmosphere in the bedroom.  Let’s look at what we can do to create a restful bedroom. 

• Keep the room free of clutter: use storage containers under the bed for clothes you may not have room for, keep jewelry neatly hanging or in a jewelry box, have a hamper tucked away for clothing that needs to be washed, and shoes should be tucked away. 
• Some smaller homes don’t have a designated room for an office, and it’s important to keep the two separate, even in the same room.  Face the work area away from the bed and use a screen if you like.  Keep the desk tidy, so you’re not looking at work that needs to be done while you’re preparing to go to bed.  Turn off any electronics that can disturb the quiet of the room when you’re not using them. 
• Low lighting is important, so use a low-wattage bulb in the bedside lamp and add a timer for it to come one just before bedtime so you won’t have to turn on the bright ceiling light when it’s time to get ready for sleep. 

• Sleep experts will tell you that the bedroom is no place for a television!  If sleep is an issue for you, keep the tv in the family room, as the light and noise will keep you from truly resting.  
• On that note, if you need some sort of noise to help you sleep, there are many white noise machines and smartphone apps, as well as playlists on many music streaming services that have a variety of relaxing background noise.  Ditch the tv and use white or “pink” noise to help you drift off. 
• Room-darkening shades can be very helpful in blocking city lights and help those who must work at night sleep during the day.   
• Pets are like family for most of us but allowing them to sleep in bed with you may not be such a good idea.   Have a special bed or crate for Spot to sleep in, so their nighttime movements won’t disturb your deep sleep cycles.  
• Room temperature is very important to rest.  If it’s in the budget, have a separate heating and cooling system for the bedroom, and keep it between 60° and 67°, and if that’s not possible, use a fan to keep you cool. 

• Choosing the color for decorating is important, as colors influence us when it comes to different activities.  Most of us know that blues, greens and grays are relaxing colors, but if you like to make a bold statement, light colors won’t work.  Royal blue, shades of teal, and browns can still make a room feel calm and add bright style to the room. 
• Obviously, your bedding is one of the most vital parts of getting a good night’s rest.  Have a comfortable mattress with good pillows and bedding appropriate for keeping you comfortable.   

Sleeping well is so important to many aspects of life, not to mention your health, and if your bedroom isn’t helping you get a good night’s sleep, it’s time to make some changes.  The Better Sleep Foundation has some other tips and information on how your bedroom can help you get the rest you need.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

New Orlando Regional REALTOR® Association data shows rates reach highest level in over 20 years, contributing to market slowdown this fall.

State of the Market

• September’s interest rate was recorded at 7.3%, up from 6.6% in August. This is the highest interest rate since March 2002.
• Inventory for September was recorded at 6,758, up 10.5% from August when inventory was recorded at 6,115. This is the sixth month in a row inventory has risen.
• Overall sales fell 8.4% from August to September. There were 2,558 sales in September, down from 2,792 sales in August. This is the fourth month in a row that home sales have fallen.
• The median home price for September was recorded at $370,000, down from $375,000 in August. This is the third month in a row that median home price has fallen.
• New listings fell 2.1% from August to September, with 3,545 new homes on the market in September, compared to 3,620 in August.
• Homes spent an average of 41 days on the market (DOM) in September – the same as in August. This is 32.3% higher than September 2022 when homes spent an average of 31 days on the market.
• “Rising rates in September contributed to continued rising inventory, falling sales and falling median home price,” said Lisa Hill, Orlando Regional REALTOR® Association President. “Home sales during the fall are typically slower than sales during the spring or summer, and this may be especially prevalent this season with rates reaching their highest level in over 20 years. High interest rates have been the No. 1 factor affecting buyers this year, and it’s evident this challenge will persist.”

Market Snapshot

• Interest rates rose from 6.6% in August to 7.3% in September. This is 15.3% higher than September 2022 when interest rates were 6.3%.
• Pending sales fell 8.9%, with 3,647 in August and 3,322 in September.
• 16 distressed homes (bank-owned properties and short sales) accounted for 0.6% of all home sales in September. That represents a 23.8% decrease from August, when 21 distressed homes sold.

Inventory

• Orlando area inventory increased 10.5% from August to September. Inventory in August was 6,115 and inventory in September was 6,758.
• The supply of homes increased to 2.64 months in September, up 20.6% from 2.19 months in August. A balanced market is six months of supply.
• The number of new listings decreased from August to September by 2.1% – from 3,620 homes to 3,545 homes.

ORRA’s full State of the Market Report for September can be found here.

This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the Stellar Multiple Listing Service. Neither the association nor StellarMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or by StellarMLS does not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.

ORRA REALTOR® sales represent sales involving Orlando Regional REALTOR® Association members, who are primarily – but not exclusively – located in Orange and Seminole counties. Note that statistics released each month August be revised in the future as new data is received.

Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Hey there, fellow homeowners! As the leaves start to turn vibrant shades of red and orange, and the cozy aroma of pumpkin spice lattes fills the air, it’s time to think about Fall home safety. Yep, that’s right, you might have guessed it – we’re talking about fire prevention and smoke detector maintenance. Now, I know it may not be the most exciting topic, but it’s an important one. So, let’s dive in and learn how we can keep our homes safe and cozy this Fall season.

1. Importance of Fire Prevention

First things first, why is fire prevention such a big deal, you ask? Well, besides the obvious fact that fires are dangerous and destructive, they can cause serious injuries and even fatalities. Not to mention the emotional and financial toll they can take on you and your family. So, before you cozy up around the fireplace or light those fall-scented candles, let’s take some precautions to minimize the risk.

2. Keep an Eye on Your Heating System

The chilly Fall weather calls for some much-needed warmth, and that’s where our heating systems come into play. However, it’s crucial to ensure they are in tip-top shape and free of any potential fire hazards. Give your HVAC system a thorough inspection, clean or replace air filters, and make sure there’s no clutter or flammable material near the furnace or radiators.

3. Fireplace Safety

Oh, the joy of sitting by a crackling fireplace! But before you start roasting marshmallows, it’s essential to make sure your fireplace is well-maintained. Have a professional chimney sweep inspect and clean it annually to remove any creosote buildup. Also, always use a fireplace screen and never leave it unattended. Better safe than sorry, right?

4. Candles and Decorations

If you’re like me, Fall means cozy vibes and a bit of interior decorating. However, be careful with those scented candles and decorations that can pose a fire risk. Keep candles away from flammable materials and never leave them burning unattended. Opt for battery-operated candles as a safer alternative. And when it comes to decorations, choose fire-resistant materials. Safety doesn’t mean sacrificing style!

5. The Importance of Smoke Detectors

Now that we’ve covered fire prevention, let’s talk about an essential safety device: smoke detectors. These little life-savers are often overlooked, which is a big no-no. Make sure you have smoke detectors installed on every level of your home, especially near bedrooms. Test them monthly, replace the batteries annually (try doing it when you set your clocks back for daylight saving time), and replace the entire unit every ten years. Remember, smoke detectors are your silent protectors!

As the cozy Fall season approaches, let’s take a moment to prioritize our home’s safety. Fire prevention and smoke detector maintenance may not be the most glamorous topics, but they are vital for the well-being of our families and homes. By following these simple tips, you can minimize the risk of fires and ensure a safe and enjoyable Fall season. So, grab that pumpkin spice latte, snuggle up in a cozy blanket, and let’s keep our homes safe and sound!

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

By and photo credit: Homekeepr

Halloween is quickly becoming the most popular holiday in the US.   You don’t have to break the bank for decorations, though.  There are many ways you can prepare for the fun-filled holiday with inexpensive, everyday items. 

• Save gallon milk jugs, and wash them out thoroughly.  Use permanent black marker to draw ghostly faces on the sides, then add a few rocks or marbles for stability. Place a string of battery-powered LED lights inside, and place the jugs along your walkway or steps for a ghostly path to your door. 
• Wrap white crepe streamers around your front door mummy-style. Cut two big eyes from white and black construction paper, and tape them to look like they’re peeking out of the strips.  Instant spooky! 
• Pumpkins are cheap and plentiful this time of year. Using child-safe carving kits, have the kids get in on the fun of carving a jack-o-lantern.  Pumpkin Lady has over 700 free templates to download and print. 
• Use black construction paper to cut out basic ghost figures, bats, owls or cats.  Tape them to your windows, and when the lights are on at night, the silhouettes can be seen from outside. 
• Make it look like specters are watching over your yard.  Keep a few paper towel or toilet paper roll tubes. Carefully using scissors, cut different eye shapes in them.  Tape glow sticks inside the tubes, and hide them in your shrubs and bushes. 
• Grab a straw wreath, a few bags of faux spider webbing and plastic spiders at your local dollar store. Wrap the wreath with the webbing, and criss-cross a few strands across the middle for a cobweb effect. Hang or hot glue the spiders in different places around the wreath, add a Halloween bow, and hang on your front door. 
• White tights can be repurposed as spider eggs.  Cut the tops off, leaving the legs open.  Add a baseball or softball to the toe, and glue or hot glue plastic spiders to the “sac.” Hang the eggs from trees (away from walking areas) or light fixtures for a really scary look. 
• Make some ghostly guests out of unused tomato cages.  Turn them upside down, and push a large styrofoam ball down onto the ground wires.  Add lights around the cage, and drape a piece of white cloth or old sheet over the cage. 
• Add plastic snakes, spiders and insects purchased from a dollar store to your welcome mat. 

Spooking up your yard for Halloween doesn’t have to cost a great deal.  Whether you want frightening or fun, decorating with household or inexpensive dollar store finds can be a family project.  When the big night arrives, make sure you have plenty of candy, turn on your porch light, play some creepy music, and enjoy the evening. 

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Hey there, homeowners! As the summer heat slowly gives way to cool, crisp air, it’s time to give your home some TLC. Fall is the perfect season to prepare your humble abode for the upcoming winter months. So grab a pumpkin spice latte and let’s dive into these 5 tips for fall home maintenance. Your cozy nest will thank you later!

1. Clean Those Gutters:

Okay, I get it. Cleaning gutters might not sound like the most glamorous task, but trust me, it’s crucial. With falling leaves and debris, your gutters can get clogged, which can lead to water damage and potential leaks. So grab a ladder, some gloves, and get those gutters spick and span. If you’re not up for the task, why not hire a professional? It’s a small investment that can save you a ton of headaches down the road.

2. Check Your Heating System:

Now that the cooler days are approaching, it’s time to make sure your heating system is in tip-top shape. Nobody likes stepping into a chilly home when it’s freezing outside. So, give your HVAC system a once-over. Change the filters, clean the vents, and make sure everything is functioning properly. It’s a small price to pay for a cozy and warm home during those chilly fall evenings.

3. Seal Up the Cracks:

As the temperature drops, you don’t want any cold drafts sneaking into your cozy space. Inspect your windows and doors for any cracks or gaps that could let in the cold air. Weatherstripping and caulking are great solutions for sealing up those pesky openings. Trust me, your heating bills will thank you, and you’ll be able to enjoy your hot cocoa in peace!

4. Give Your Fireplace Some Love:

Ah, the crackling sound of a fireplace on a chilly fall evening. But before you light that first fire, it’s important to give your chimney a good cleaning. Creosote buildup can be a fire hazard, so it’s best to have a professional chimney sweep come by and do the job. Plus, they can also inspect the fireplace for any signs of damage or wear. Once it’s all sparkly clean, you can cozy up and enjoy the warmth!

5. Don’t Forget the Outdoors:

Fall home maintenance isn’t just about the inside; your outdoor space deserves some attention too! Trim back any overgrown branches near your home to avoid any potential damage during those windy fall storms. Also, drain and store your garden hoses to prevent them from freezing and bursting. And while you’re at it, make sure your outdoor lighting is in working order, so your home stays well-lit and safe when the sun goes down earlier.

There you have it, folks! These 5 tips for fall home maintenance will help you keep your nest cozy and safe throughout the upcoming season. Remember, maintaining your home doesn’t have to be a daunting task. With a little bit of effort and a touch of autumn inspiration, you can enjoy a comfortable and inviting space all year round. So grab your checklist, put on some cozy socks, and let’s get to work!

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

By and photo credit: blog.homekeepr.com/

The stress and excitement of buying your first home has subsided, the boxes are unpacked, and your mail is being forwarded to your new address–the house is yours! So why are you getting mail regarding your new home purchase? Our guide will help you discern between what is relevant, and what you should toss: 

• Why are you even getting all these unsolicited offers? Your home purchase is public record. All sorts of house- and mortgage-related “companies” are combing through those records daily, obtaining your information as soon as the deed is filed.
   
• Many of these offers come with your lender’s logo or name in bold print. Comparing contact information on paperwork you already have will help discern if it is a legitimate offer from your mortgage lender.
   
• Life insurance offers come in droves after purchasing a home, and you are the only one who can decide on what insurance company you choose. Contacting a reputable insurance agent in your local area is probably your best choice.
   

• Mortgage protection insurance (MPI) offers are sent to you as well. Such insurance sounds great, as it will pay off your loan in case of death. However, while your loan amount decreases, your MPI premium stays the same, so it would be a better financial decision to have a life insurance policy that is large enough to pay off your mortgage and take care of any other expenses.
   
• Many home warranty offers will inundate your mailbox as well. Do a little homework if you are interested, and your buyer agent can probably recommend a few companies.
   
• Do not just toss or shred anything you suspect may not be legitimate. Read the entire mail contents, look for spelling errors, generic information, and disclaimers–read everything, especially the fine print. Call your lender if you are not sure about something that looks official.
   
• If the former homeowner continues to receive mail at their old address, mark it “Return to Sender,” place it back in the mailbox, and allow the USPS or the company sending the mail to locate the former residents address. 

One great and secure tool you can use to stop receiving anything related to your finances (refinancing offers, credit cards, etc.), is OptOutPreScreen.com. A joint effort of credit companies Equifax, Experian, Innovis, and TransUnion, this site is free to sign up for five years or permanently. 

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

The nation’s consumer bureau took a first step to erase medical debt from credit reports and lending decisions because that type of debt “has little predictive value.”

WASHINGTON – The Consumer Financial Protection Bureau (CFPB) – the national agency focused on consumer issues – began a rulemaking process to remove medical bills from Americans’ credit reports.

The CFPB outlined proposals under consideration – moves that it says would help families recover from medical crises, stop debt collectors from coercing people into paying bills they may not owe, and ensure that creditors don’t rely on data that is often plagued with inaccuracies and mistakes.

“Research shows that medical bills have little predictive value in credit decisions, yet tens of millions of American households are dealing with medical debt on their credit reports,” says CFPB Director Rohit Chopra. “When someone gets sick, they should be able to focus on getting better rather than fighting debt collectors trying to extort them into paying bills they may not even owe.”

“Access to health care should be a right and not a privilege,” Vice President Kamala Harris told reporters as she helped CFPB make the announcement. “These measures will improve the credit scores of millions of Americans so that they will better be able to invest in their future.”

A 2022 CFPB report found that roughly 20% of Americans have medical debt, but, based on previous research, that type of debt isn’t a fair reflection on their future ability to repay a loan, unlike other more traditional credit obligations.

It’s not just the fact that medical debt isn’t important to analyzing a person’s credit, though. CFPB also claims that it also has a lot more mistakes and inaccuracies, compounded by problems such as disputes over insurance payments or complex billing practices.

The initial rule-making document released by CFPB is an outline of proposals and alternatives under consideration. If finalized without changes, it would:

• Remove medical bills from consumers’ credit reports: Credit-score companies would be prohibited from including medical debts and collection information on credit reports used in underwriting decisions.
• Stop creditors from relying on medical bills for underwriting decisions: It would narrow a 2005 exception and prohibit creditors from using medical collection information when evaluating borrowers’ credit applications.
• Stop coercive collection practices: Debt collectors would no longer be able to use the credit reporting system as leverage to pressure consumers into paying questionable debts.

The proposal would not stop creditors from obtaining medical bill information for other purposes, though, such as verifying medical forbearances or evaluating loan applications for medical services. A complete overview of the proposal is posted on CFPB’s website.

CFPB says it started the rule change in July when it held public hearings and took comments. It says it also continues to receive complaints from the public about illegal debt collection and credit reporting practices related to medical billing.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Source Floridarealtor.org
© 2023 Florida Realtors®
By: Kerry Smith

Daylight hours have become noticeably less, and so are out landscaping duties! If you’d like to bring the outside in but are concerned about the plants needing sunlight, don’t worry.  Many houseplants can be tucked away inside for Winter that thrive in low light!  Find one, or two, in this list: 

• Aglaonema, or Chinese Evergreen, has many hybrids, and come with splashes of silver and red.  Not only will you have a plant that doesn’t need a lot of watering, but you’ll have a plant that brightens without having to buy a bouquet of fresh flowers every week! 
• Using contrast in your rooms can apply to plants as well.  Calathea is a plant with variegated leaves, and some types have red stems and undersides of its leaves.  Placed in a corner with light-colored walls will make this low-light lover take the stage! 
• What sounds tougher than cast iron plant (Aspidistra)? These long-leafed plants thrive in shady spots, can handle poor soil, and if you forget to water them, they will survive! 

• Corn plant or dragon tree, (Dracaena fragrans) is a great plant if you’re looking for height.  It might need pruning once it starts getting too tall but is great for medium light.  Children would love to tell their friends they have a dragon tree in their house! 
• Turn your room into a tropical oasis with parlor palms (neanthe bella)!  The best thing about this palm is that it doesn’t grow very tall and can do well in virtually any amount of light. 
• Peace lily (Spathiphyllum) is a common houseplant, and rightly so.  While enjoying medium-low light, they do need water at least once per week to keep their beautiful dark green leaves and white blossoms. 
• There are so many types of philodendron that you can find one for any houseplant need you have.  They prefer medium-low light, but in perfect conditions, they can grow tall. You get a bonus with philodendron, as they are proven air-cleaners! 
• If you have a dark corner but no space for placing a container on the floor or furniture, pothos is the plant for you. The trailing vine is perfect to hang in a dark corner, and there are several hybrids to choose from. 

• Does your grandmother have a pot of Swedish ivy that she’s been caring for as long as you can remember?  Plectranthus verticillatus grows very well in low light and be sure it has plenty of room to spread its trailing vines.   
• When there’s little light and almost no room for a plant in your home, a terrarium filled with mosses, small-growing ferns, Pilea glauca “Aquamarine,” and sweet flag (Acorus) are just a few of the plants that will grow well tucked inside an enclosed case.  Learn more about this age-old type of gardening. 

Bringing the outside in doesn’t mean you have to use the only sunny spot in the house.  Growing green things indoors can keep the air clean, and boost your spirits, both of which are important, not only during the dark Winter months but year-round. 

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Photo credit: housebeautiful.com

New Orlando Regional REALTOR® Association data shows market continues to cool as fall season approaches

State of the Market

• Inventory for August was recorded at 6,115, up 6.9% from July when inventory was recorded at 5,720.
• New listings rose 6.1% from July to August, with 3,620 new homes on the market in August, compared to 3,413 in July.
• The median home price for August was recorded at $375,000, down from $380,000 in July. This is the second month in a row that median home price has fallen.
• Median home price in August 2023 was extremely close to August 2022, when it was recorded at $377,750.
• Overall sales fell slightly – 2.1% – from July to August. There were 2,792 sales in August, down from 2,852 sales in July. Sales in August 2023 were also 16.0% lower than August 2022, when there were 3,324 sales.
• Homes spent an average of 41 days on the market (DOM) in August, up from 39 days in July. This is 51.9% higher than August 2022 when homes spent an average of just 27 days on the market.
• August’s interest rate was recorded at 6.6%, down from 6.8% in July. Interest rates in August 2022 were 5.3%.
• In a July survey of ORRA members, 48% said they are seeing signs of the market cooling off.
• “As we near the fall season, we typically see a slowdown in sales, and we are beginning to witness this in the Central Florida market,” said Lisa Hill, Orlando Regional REALTOR® Association President. “Fall can have its benefits for buyers. With our market cooling off, fall homebuyers will face less competition, find more inventory, and see median home price pull back a bit.”

Market Snapshot

• Interest rates decreased from 6.8% in July to 6.6% in August. This is 24.5% higher than August 2022 when interest rates were 5.3%.
• Pending sales fell 4.2%, with 3,808 in July and 3,647 in August.
• 21 distressed homes (bank-owned properties and short sales) accounted for 0.8% of all home sales in August. That represents a 16.0% decrease from July, when 25 distressed homes sold.

Inventory

• Orlando area inventory increased 6.9% from July to August. Inventory in July was 5,720 and inventory in August was 6,115.
• The supply of homes increased to 2.19 months in August, up 9.2% from 2.01 months in July. A balanced market is six months of supply.
• The number of new listings increased from July to August by 6.1% – from 3,413 homes to 3,620 homes.

ORRA’s full State of the Market Report for August can be found here.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Zillow.com defines the term disclosure as “…the buyer’s opportunity to learn as much as they can about the property and the seller’s experience in it.”  In most states, this simply means that the seller must let the buyer know about problems that they are aware of.  Whether you’re selling or buying a house, disclosing issues with the house is an extremely important part of the process.  

What Disclosure Means for the Seller 

• Your listing agent will provide a form for you to fill out, answering questions with either yes, no or I don’t know about different aspects of the house.  This form should be filled out truthfully and to the best of your knowledge. 
• Items that most states ask you to disclose to the buyer:  lead paint or asbestos, previous repairs or additions, mold or water damage, pest issues, drainage problems, foundation cracks, problems with HVAC and other appliances, and if the roof is leaky. 

• If you think there might be a problem, say possible mold in the crawlspace, have an inspector come and have a look.  It’s better to be safe than sorry here. 
• While you’re going over the disclosure form, if you’re not sure if you should report something, report it anyway.  It’s best to err on the side of caution. 
• Have the disclosure ready before you’ve accepted an offer for your own protection. 
• Your listing agent will be aware of all government disclosure requirements–federal, state, and local–so be prepared to report all that these laws ask of you. 

Disclosure and the Buyer 

• Once you receive the disclosure statement, go over it carefully and ask questions if you’re not sure about anything listed, because you must sign the disclosure. 
• The extra expense of having an official inspection done on the house is vital to this part of the sale.  Have the disclosure form information with you when you meet the inspector at the house, so you can go over the problem places with a pro. 
• In the case of any additions to the home, check the local government building permit and zoning information to make sure the addition was done the legal way by licensed people. 
• If you have any issues with the seller’s answers on the disclosure statement, and don’t want to make the repairs, and can’t come to an agreement with the seller, it may be best to walk away and look for another house. 

• Once you are satisfied with the disclosure and have the peace of mind that the sale should go through, sign off on the disclosure. 

A disclosure should be a seller’s protection plan, and smart sellers will be completely honest, and maybe even over-disclose.  Also, be aware that some states even ask sellers to disclose things like traffic noise, and even paranormal activity!  Your Realtor will know everything you need to provide to buyers, so the sale of your home goes smoothly.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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