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RESIDENTIAL| COMMERCIAL| LOW VOLTAGE SERVICES Office | (1) 407 743 0914 202 Palmetto St Suite #109 Orlando, FL 32824 service@rarelectrical.com www.rarelectrical.com | @rarelectrical
Citizens offers competitive interest rates, prequalifications and a variety of mortgage products.
Ed Powell NMLS ID #1451724 Mortgage Sales Manager 828-736-6190 ed.powell@citizensbank.com lo.citizensbank.com/epowell 2221 Lee Rd, Suite 21, Winter Park, Fl 32789 Admin@NextDimensionConstruction.com
Mortgages are offered and originated by Citizens Bank, N.A. (NMLS ID# 433960). All loans are subject to approval. Equal Housing Lender. 1509050_HL21_EdPowell_LOAd
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TABLE OF CONTENTS HOME INSPECTIONS
A/C SERVICE AND REPAIR U.S.H.A.C Temperature Pro Orlando Ambrose Air Inc. Sunshine Air & Plumbing
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APPLIANCE REPAIR 21
Dryer Vent & Appliance Repair
6-7
How the 2021 Real Estate Market is Looking so far
12-13
Community Highlight: New Spots in Central Florida
16-18
How Technology has Changed the Real Estate World
23-24
CABINETS Woodmaster’s Custom Cabinets
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CARPET CLEANING Best Way Care Carpet Cleaning
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COMMERCIAL & RESIDENTIAL CLEANING Linar Cleaning Services
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Solid Rock Cleaning Company
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CONSTRUCTION Next Dimension Construction & Roofing
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CREDIT REPAIR Trinity Enterprises LLC
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1Call Solutions
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Law Offices of Barry L. Miller
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Citizen’s Bank
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PAINTING SERVICES
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CJPainting123
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PLUMBING Associated Piping Services
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REAL ESTATE SERVICES Commercial & Land
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Homes For Sale
9
East Coast Properties
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Luxury Listings
19-20
Rental Homes and Condos
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ROOFING
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Universal Contracting
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On Top It All, LLP
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Compass Roofing
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SOLAR
GENERAL CONTRACTOR Abe Schultz Construction & Air Condition
1Stop Security
MORTGAGE LENDER
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In & Out Professional Services
GARAGE DOOR SERVICES AA Same Day Garage Door Services Inc.
Elite Home Inspections
LEGAL SERVICES
FLOORING Sanford Carpet & Flooring
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Systematic Home Staging
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Prodigal Homes Inspection & Consulting
LAWN CARE
EMERGENCY RESTORATION Servpro South & Northwest Orlando
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HOME STAGING
ELECTRICAL CONTRACTOR RAR Electrical Contracting
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Silverman Inspections
HOME SECURITY
ARTICLES How to Sell a Home with a Second Mortgage on it
BAA Inspections
14 Solarmission
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Sunlife Power LLC
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TITLE COMPANY The Closing Agent
-Network with Associates & Clients -Network with Existing Members -Access to our Off ice Locations -Present at Company Meetings
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-Various Membership Levels -Color Magazine Ad -Strategic Retail Distribution -Internet Advertising
For more information, contact Tony Legakis, 321-594-0070, Premium Partners Recruiting or contact Adriana Nelson, Designer and Editor of Premium Properties Magazine
. PremiumProperties.com PARTNERS Information contained herein PREMIUM deemed reliable, however not. 407-380-2800 warranted or guaranteed. Equal housing opportunity. Member FAR.
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HOW TO SELL A HOME WITH A SECOND MORTGAGE ON IT
So you used the equity on your house to pay off those student loans, or on your kitchen remodel, or something else that you had to take care of, and now you have a second mortgage to worry about when selling your home. We get it, the thought of selling while having that second mortgage seems daunting, but it isn’t impossible. Below we have outlined some vital tips you can follow to make the process of selling that home a little less ominous.
COMMON TYPES OF SECOND MORTGAGES Equity is a great plus when it comes to owning a home. Not only does this amount build up over time, but you can make the decision to take it out and use it for something needed. When it comes to borrowing against your home via the equity, there are two main types: -Home Equity Loans: This method will pull the equity from your home as a one-time lump sum and you pay it back monthly with interest just like your regular mortgage. The amount of time given to pay it back ranges from 5-30 years. -Home Equity Line of Credit (HELOC): Instead of a lump sum, the lender will approve you for a line of credit and give you a limit much like a credit card, except with lower interest rates. It is typically divided into two phases, the draw period and repayment period. The amount of time for each depends on what the set agreement is between you and the lender.
RUN SOME NUMBERS - IS IT THE RIGHT TIME? Regardless of how you look at it, a second mortgage is collateral on your house. It has its benefits, but it also has its drawbacks. When selling your home, you have to factor in everything and decide if your profit will outweigh everything else and if it’s enough for your next home. For example, let’s say that your home appraises for $150,000, your first mortgage has $70,000 left and your second mortgage has $30,000 left. This means you would see a net profit of $50,000. If this is enough for you to take the next step in life, go for it, but if you need to get $60,000 from the sale, it may not be the best time to sell. Make sure when calculating that you look at the “payoff amount” for the loans rather than the current balance. This will give you more accurate numbers. Enlist the help of a real estate agent to help you make this decision, and help you make an accurate calculation. They can give you great insight and make it less overwhelming.
CHECK INTO ANY PREPAYMENT PENALTIES WITH YOUR LENDER A prepayment penalty is a fee charged to you when you pay back part or all of the loan early.
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Majority of mortgages don’t have this, but they do exist, so double check if your loan includes this, and then factor that amount into your calculations for your net profit. To make the process go faster, also provide documentation of your second mortgage up front to your real estate agent or title company.
PAY OFF BOTH MORTGAGES AT THE TIME OF THE SALE Theoretically, the sale of your home should pay off both mortgages, and you get the balance left over. That second mortgage will of course, eat away at the profit, but however, as long as it pays it off, you are in the clear. Let’s say you’re in a situation that you’re unable to pay back the second mortgage at the close of the home sale. There are options available.
REVIEW OPTIONS IF YOU CAN’T PAY BACK THE SECOND MORTGAGE DEBT In this case, find a way to cover the cost another way, whether that’s through investments, savings, etc, or you can do a short sale. During a short sale, you provide documentation to the lender that you’re unable to pay and they agree to allow you to pay less than what you owe. This route is not ideal because it takes a hit to your credit. So there you have it. Selling your home with a second mortgage isn’t impossible, and with the right agent, it can go smoothly!
Need some official home services? We encourage you to look at zurkel.com that offers local services rated the best in all of Florida! Any questions? Please feel free to reach out to us: Premium Properties Real Estate Services 564 N Semoran Blvd Orlando, FL 32807 Interested in buying, selling or renting? We are here to help! Call us (407) 380-2800 or visit PremiumProperties.com
- Adriana Nelson
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CHECK OUT OUR CENTRAL FLORIDA PROPERTIES
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www.sunshineairandplumbing.com 407-982-4449 service@sunshineairandplumbing.com
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Relief is Coming... With Sunshine Air and Plumbing! Lic # CAC1819686 Lic# CFC1430119
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CHECK OUT OUR EAST COAST PROPERTIES Check out our exclusive list of East Coast Properties on the market right now! BREVARDPREMIUMPROPERTIES.COM
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HOW THE 2021 REAL ESTATE MARKET IS LOOKING SO FAR
Looking to buy or sell your home in 2021? Wondering what the current market is looking like? Well we are here to give you all the details on the latest real estate trends and predictions. Keep on reading for more information.
THE EXPLODING MARKET The real estate market is booming. The boom of the current market started in 2020 f rom the pandemic, and resulted in record low interest rates and the shift to a super seller’s market. We have seen a national increase in existing home sales, new construction sales, and overall home prices. Real estate is a very localized business, so in the Central Florida area (and Florida in general), more and more people are moving here f rom up north and other out-of-state areas. We are going to break it down a little more to give you an in depth look on how the market has affected different aspects of real estate.
REAL ESATE PRICES So many factors can effect real estate prices. One of the main factors is supply and demand. When things are high in demand and low in supply, the value increases, which is what happened in the housing market. The median price for homes in the last couple months have gone up 15%. The increase started in 2020 and has increased more in 2021. Agents are working diligently to encourage homeowners to sell their homes to have more inventory on the market.
INTEREST RATES Just like price, interest rates play a big part in the housing market. This fluctuates greatly based on government related decisions, inflation, and more. At the beginning of 2021, interest rates were at a record low of 2.74% for a f ixed 30 year loan. Now, they have raised, but are still considered low.
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HOUSING INVENTORY As previously mentioned, the housing inventory has shifted to a seller’s market. With everyone taking precaution and not wanting a lot of people in and out of the their homes while going through the selling process, many took their homes off the market in 2020, causing for-sale listings to hit a record low. Now, inventory is picking up and it is predicted that roughly in the next year and a half, 1 in 6 homeowners plan on selling their homes, so that is good news for future home buyers. The 2021 real estate market so far has had its ups and downs, and still reflect the effects of COVID. Regardless if you are a buyer or seller, it is still a booming market that has plenty of options to choose f rom.
CHAD BORDNER, CPI
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Zurkel provides you with a smart set of tools to showcase your business and connect to your Central Florida community. 564 N Semoran Blvd Orlando, Fl 32807 | 321-594-0070
Michael Lopez Owner & Project Manager C: 407-777-6327 O: 321-888-0143 407-777-1201
2004 Jaffa Dr. Suite H Saint Cloud, Fl 34771 "At Woodmaster's,our professionals are always ready to make your dream kitchen a reality"
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Masterswoodcabinets@gmail.com Authorized Dealer
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A BETTER WAY TO SELL REAL ESTATE SINCE 1999
RESIDENTIAL PROPERTY MANAGEMENT COMMERCIAL BUSINESS BROKERAGE
We Provide:
We are looking to grow and we need you! We have been in business for more than 20 years, so we know a little bit about what agents need f rom their brokerage. We want agents to have resources available to use whenever they need it!
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We are focused on staying up to date with everything real estate. Our mentors provide assistance f rom start to f inish for your f irst 3 sales.
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No monthly fees: Use our technology, offices, signs, agent support, and so much more.
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COMMUNITY HIGHLIGHT: NEW SPOTS IN CENTRAL FLORIDA
Although Central Florida is known for its theme parks and other popular tourist attractions, there are a lot more things to do, such as cool eating spots and modern local businesses! The amazing thing about Central Florida is that there is always something new opening, so you never get bored! Below we have highlighted some new and different spots that have opened up this year in 2021!
HAMPTON SOCIAL This brunch spot opened up near the convention center at Pointe Orlando, February 2021. Not only do they have a cute neon sign and other instagrammable displays, but they have a “Rose All Day” lounge and bar, coastal-inspired food, and live music and dining! This is the perfect place for your next brunch outing or girls night out!
WHITE CASTLE The world’s largest White Castle opened up here in Orlando at the beginning of May. Opening day brought hundreds of fans camping out overnight, going super early, or waiting 4-5 hours just to get their infamous food. This spot also has outdoor seating and 2 drive thru lanes. This restaurant brought over 100 more jobs to Orlando, will bring in more tourists and real estate investors, and is not too far f rom Disney and other major attractions. In the future, they will be opening a new high school right across the street!
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ALOHA BEAUTIFUL This is a new karaoke Tiki Bar in the downtown area! It has a cute, tropical theme and is located where Joysticks videogame bar used to be. They opened up mid-March, complete with a stage and private rooms. Their modern tiki vibe and strong karaoke angle makes them stand out f rom other bars around downtown Orlando. They also have live entertainment, hula hoop competitions, and a delicious food menu!
ILLUME This is a new restaurant that opened up at the JW Marriott near Disney. This rooftop bar has 360-views, outside and inside seating, and the perfect view of Disney’s f ireworks that they display everyday at 9pm! It is the perfect spot for your next dinner outing. Their menu is japanese inspired with asian-style tapas, sushi, craft cocktails and so much more! Illume just opened up May of this year and it is already capturing a lot of attention.
THE ROBINSON ROOM What makes this place different is it took a very historical building and turned it into a modern, vibrant two story cafe and cocktail lounge perfect for either a business meeting or a night out on the town. Their f irst story is the coffee room and the second story has their cocktail bar. Complete with beautiful architecture and instagrammable walls, this place is sure to provide a nice modern atmosphere! Their goal is to be an inviting gathering spot for any occasion, and they even have their own specialty drinks!
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MATCHA HOUSE TEA & CREAMERY This modern spot with a beautiful neon sign and grassy backdrop sells everything matcha. From matcha teas and lattes to soft serve ice cream and so much more, this is the perfect spot for your sweet tooth! This place is the newest one on our list, because it just opened at the very end of June in the Mills 50 district. Although COVID-19 raged and closed down a lot of restaurants and businesses, it has also surged the growth of others! So come on out and try a matcha tea, and dont forget to take a picture in f ront of their infamous backdrop!
As you can see, Orlando has so much to offer! From the attractions, to the modern restaurants and bars opening up all over town, and so much more, who wouldn’t want to visit or move here? Make sure to add these amazing spots to your bucket list!
-Adriana Nelson
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PREMIUM PROPERTIES LUXURY HOMES 140 E ROCKWOOD WAY, WINTER PARK, FL 32789 4 Bedrm | 3/2 Bath | 3,531 Sq Ft O5952934 | $1,295,000
A gem of a home, located on a tree-lined, brick street in Winter Park. This beautiful home comes with 4 bedrooms, 3 full baths, and 2 half baths. Open floor plan, bonus room, and beautiful pool. Ideal proximity to Park Ave, Baldwin Park, College Park, and Downtown Orlando with easy access to Interstate 4 and to Hwy 436 for the International Airport.
LEO SIERRA NIEVES Direct: 310-855-2612 leo.buysellhomes@gmail.com
14825 SW 111 TER, MIAMI, FL 33196 3 Bedrm | 2/1 Bath |2,147 SqFt S5050887 | $590,000
Do not miss the opportunity to own this 3 Bedroom 2 1/2 Bath home situated on a 12,500 sq. ft oversized prime lot. This home features an extra large driveway where you can park at least 6 cars, an open concept kitchen with an extended island. Large french double doors, and the community features a beautiful lake, walking trails, and more!
GABRIEL DIAZ
Direct 305-333-5553 diazgabriel39@gmail.com
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PREMIUM PROPERTIES LUXURY HOMES 5711 CLAUDE AVENUE, ORLANDO, FL 32807 6 Bedrm | 4/2 Bath | 3,482 Sq Ft O5948364 | $500,000
Fantastic opportunity to own one of the largest duplex’s in Orange County. Built in 2007 this newer home has so much to offer including a new roof, exterior paint, and newer HVAC units. Each side is a unique three bedroom two and a half bath two story layout with a garage per side. Both units are currently rented for $2500.00 a month making a cumulative monthly income of $5,000!
BETHANY LEAR Direct: 407-790-2349 blear5912@gmail.com
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4500 CYPRESS CREEK RANCH RD, SAINT CLOUD, FL 34771
3 Bedrm | 2 Bath |4,954 SqFt O5940485 | $1,500,000
26.57 acres! Charming mini ranch with plenty of green grass for livestock and ponds for water. Fenced and cross-fenced with a privacy buffer of beautiful cypress trees. Full of beautiful birds and graceful deer. The property has been sub-divided into five 5 acre lots. You can sell part of the land or keep it all for yourself! The 3 bedroom house sits back from the road with a view of the pasture.
CINDY LEE MOORE Direct 407-922-7355 cindyleem2@gmail.com
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John McLaughlin 2553 Park Drive Sanford - Florida - 32746 Cell: (407) 446-2133 Store: (407) 322-3241 John@SanfordCarpet.com www.SanfordCarpet.com
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State Rd. 520
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HOW TECHNOLOGY HAS CHANGED THE REAL ESTATE WORLD
Technology has made amazing advancements in the last 30 years. Nowadays, it has become a big part of our everyday lives. An industry that it has greatly impacted is real estate. People no longer turn to the newspaper to search for homes, but rather the internet. Below we have outlined exactly how technology has changed real estate as we know it.
START YOUR HOME SEARCH ON THE INTERNET Did you know that 9 out of 10 homebuyers rely on the internet as one of their main research tools for f inding homes? Well it’s true! 93% of people start with hopping on their laptop, tablet, phone, or desktop to start the journey to their next home. Knowing this, it is important to meet them there. Have a digital platform for your business. Adapting to the times is important to not only excel your business, but to make sure your business stays afloat over the long run.
CHANGED HOW HOMES ARE MARKETED Real Estate Marketing is the backbone of selling your homes online because it is the driving force to your clients coming to see the home in person. From having high quality photos and videos, to 360 cameras and Matterports, to drone footage and virtual staging, not only do these tools sell homes faster, but they make the buyer fall in love with the home before they even step foot in it. Not to mention with one post on your social media pages, you can reach thousands of people with the click of a button, and if you still want more exposure for your listing, there are facebook ads you can run, emails you can send out to your CRM, and so much more! The possibilities are endless with digital marketing. Not to mention that the technology we have can help to easily create print marketing material and allow us to print out hundreds to hand out in neighborhoods. Real estate marketing has brought us into a whole new world of selling homes, and you would be doing your business a disservice if you didnt take advantage of it. Here at Premium Properties, we pride ourselves in staying up to date with technology and having a full-service marketing team to assist you with all of the options mentioned above, so if your brokerage doesn’t provide the technology you need and you want more success for your business, give us a call!
THE TRANSITION TO ‘SMART HOMES’ Imagine a home with all the up to date technology, programmed for optimal eff iciency of all your appliances, and so much more. Good news, we’re already there. With the boom of devices
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like the Ring doorbell, the google home, amazon nest, and apple home starting to partner with companies to integrate all of your home appliances with smart capabilities, to robots growing in popularity and becoming more affordable, smart homes are the now and the future. The advancement of technology has made this possible, and with the millennial generation now the bulk of homebuyers, it is something that draws them in.
COMMUNICATION WITH YOUR AGENT Technology has improved how real estate agents and their buyers or sellers communicate. For one, smartphones. Being able to send a quick message, or a voice note straight f rom your phone is very convenient. Also, lets not forget the power of email. This is a very useful tool of communication that has advanced over the years and allows for seamless updates and a way to send paperwork and sensitive documentation.
APPS AND ONLINE BUYING Applications on your smartphones and tablets is another way that has really changed how we buy homes. From home search apps to help your search go deeper beyond google, to f inding homes to rent, even apps that keep you up to date on the the real esate market so that you can make the best decision on buying or selling your home, there is an app for everything. Technology has been advancing immensely since the early 2000’s, and has changed every aspect of everyday living and big purchase decisions. Utilizing it will make the homebuyingprocess so much easier.
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CHECK OUT OUR RENTAL PROPERTIES
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We have a great list of not only From Downtown Orlando commercial properties, but also to Kissimmee tobuild Eustis, we have residential lots to your dream homes all over Central Florida! homes! Scan the QR Code below to see our most Check out the link below or up-to-date list of available rental scan the QR code! properties!
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7 LOCATIONS SERVING CENTRAL FLORIDA AND THE SURROUNDING AREAS Main Off ice: 564 N. Semoran Blvd., Orlando, FL 32807 Lake Mary: 4227 W. Lake Mary Blvd., Lake Mary, FL 32746 Lake Nona: 10645 Narcoossee Rd., Orlando, FL 32832 Cocoa Beach: 5675 N. Atlantic Ave. # 102, Cocoa Beach, FL 32931 Melbourne Beach: 3830 South Highway A1A, Suite A5 Melbourne Beach, FL 32951 Seminole Towne Center: 200 Towne Center Cir, Sanford, FL 32771 Dr. Phillips: 7521 W Sand Lake Rd., Orlando FL 32819
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