Orlando Realtor, Francisco Orchilles, helps first time home buyers buy a HUD property in Clermont

CLERMONT, Fla. - May 6, 2013 - PRLog -- Orchilles, a Realtor with Keller Williams Classic Realty in Orlando, helped the young couple purchase their first home in the 34711 real estate market. The home belonged to the Department of Housing and Urban Development, or HUD for short. It had come to HUD’s possession as a foreclosure and the first time home buyers used the HUD $100.00 down payment program on a FHA secured loan.

The first time home buyers had been searching for a home for quite some time, and because of a very competitive real estate market in Central Florida, they had placed several offers prior to the Clermont home, only to find that they lost the bid to an investor, cash, or conventional loan buyer. When they began working with Francisco Orchilles, he suggested that they focus their search on HUD homes because they would eliminate the investor buying pool that is so prevalent in the Orlando real estate market.

The home was listed on the MLS for $136,000 and the first time home buyers offered $5,000 over the list price in order to secure the purchase of their new house. Over list price offers are the normal in the off balanced seller’s market that first time home buyers find themselves in. Especially in the under $200,000 price range. Orchilles says, “If a buyer is serious about purchasing a home in today’s market, they have to understand that it is no longer a buyer’s market. It has shifted to become a seller’s market where the demand for homes is much higher than the supply, and home prices are rising fairly quickly. Buyers that are looking for the “steal” will be waiting past the great prices that we still have today. At the current rate that home prices are increasing, even if a buyer offers higher than list price on a home, they will make up the difference by the time they are ready to sell, and then some.”

Francisco Orchilles is an up and coming mega agent and closed a little under $2,000,000 during his first year in real estate. Keller Williams Realty has given him the necessary tools to grow his real estate business and provides a support system of over 75,000 agents nationwide that help get homes sold in Orlando, FL. JD Power and associated just ranked Keller Williams #1 for customer satisfaction for 2012 and it is with the help of this powerful real estate company that Francisco achieved success.

Francisco Orchilles, Realtor | First Time Home Buyer Specialist | forchilles@gmail.com | 407-925-4552 | orlandorealtylist.com | orlandohouseprices.com | Keller Williams Classic Realty