View Full Version : Villa wanted for purchase
Hi, I am looking at buying a 4 or 5 bed house in Orlando to rent out on a weekly basis. My wife and I have 3 kids and love Orlando. We live in Worcester Park, Surrey and thought of buying such a house.
If you are looking at selling your Villa then please let me know on goldcrestraju@hotmail.com
Thanks
Raju
Welcome to the Forum Raju. I have just sent you an e-mail.
MICKEYSDEN
16-01-2015, 19:02
Good luck with finding a villa Raju, we are only a few minutes away from you in North Cheam, Surrey
CERICROWLEY
16-01-2015, 19:50
Sandra I thought you were closing on the 25th. Hope everything didn't fall through for you
Welcome to the OV forum Raju, good luck on buying your very own villa. Sandra's home is fabulous, and in a great location.
Sandra I thought you were closing on the 25th. Hope everything didn't fall through for you
Yes, it did fall through Ceri so we are actually still villa owners!!!
We are having an Open House this weekend and I still have had many problems with my Realtor although I have a pretty good one now. Unfortunately she had to return to UK mid October as her Mum was very il and had a stroke! She is still in UK so not been much use to me at all. I had to put my foot down with the Broker last weekend and now I have a 'temporary' Realtor so this one is now No. 5!!!! Not impressed with the Brokerage at all.
steph_goodrum
17-01-2015, 08:15
What I would say Raju is do your homeowrk before you commit. The idea/dream is fantastic the reality is much harder work/stress than you ever imagine and if you can only do it with rental income to cover it, then now may not be the best time. You have to know you can cover costs when there isnt any income coming in. It is almost a full time job to advetise the villa, keep up to date with wesites etc. and find good sites to advertise on. My own family members who lived the idea, did as I suggested and worked out the costs they would have to find (that they knew about (there are always unexpected) and for a year tried to put that aside from their regular money as if they had no rentals. After a year they had a tidy sum put by but admitted they would never be able to sustain it and as they had actually put a deposit down on a new build they were advertising and not had any bookings through. Fortunately for them it was at a time when there were lots of sales so they were able to cancel and get their deposit back. She was grateful for the advice and as I said it wasnt to try and "cut the competition" but to give them a realistic idea of what they would face.
Philomena
17-01-2015, 09:16
Listen to Steph Raju - she is giving you good advice! If you do intend to carry on and purchase a Villa then my advice would be choose one that is already fully furnished and has a number of good paying bookings in place. It will give you a bit of breathing space whilst you set up your advertising package (which in itself can be very expensive) and get to grips with the whole rental business. It is also very expensive to furnish a villa from scratch.
I'm not saying this to cut the competition either - we have just sold ours after 11 years of ownership. It's was great walking into your own little bit of Florida but then the work started meaning we did not really have a holiday for those 11 years!
Good luck if you decide to go ahead with it and remember - don't believe anything anyone tells you during the buying process, do your own in depth research and ask lots and lots of questions.
Very sound advice from both Sandra & Philomena, Raju. I was once told by a realtor there are more sharks out of the water in Florida, than in it and it is so true.
Carry out due diligence as so many people will lie and tell you what you want to hear.
We have been very fortunate over the years to have met some very genuine honest people and one or two who were not.
Good luck and do not rush into anything.
Sandra,
Have you had to return to Florida? So sorry that things have fallen through for you it must be so frustrating.
Andrena
Sandra,
Have you had to return to Florida? So sorry that things have fallen through for you it must be so frustrating.
Andrena
No Andrena, the Realtor will carry on marketing the villa for the time being.
Thank you all for the advice. Really appreciate it. Have been in touch with Sandra who has also given me great advice. I am beginning to doubt all the realtors who have given overestimated figures, they seem to be like our UK estate agents!!!! I think the best option is to buy from someone on this forum who has bookings. Am dealing with someone which looks like being mutually beneficial. If anyone is interested in selling do let me know. Thank you again. You can email goldcrestraju@hotmail.com
CERICROWLEY
19-01-2015, 08:45
Good luck with the search Raymond, having a turnkey property with a reputable owner that can help you with future bookings is a godsend, if you do go with a home with future bookings, ensure that your contracts explain everything to do with this.
abbeyvillas
19-01-2015, 17:17
Hi Raju - just sent you an email. I would agree with others to say that it is hard work getting the bookings and as we found, often takes a couple of years to get established. However, once you have bookings you then get regular guests who also recommend you to other friends & family. 70% of our bookings are now repeat guests of friends of friends & recommendations.
Kind regards
Pamela Graham
Good luck Raju and make sure you have all ends covered!!!
We are returning this year with a view to start villa hunting. We have previously stayed in a property on Calabay Parc and upon trying to book to return have been told the property might be on the market later in the year. My question is this, how the heck do you suss out a good realtor from a shark from so far away!!!! Can anyone make a good recommendation?
E. Cosgrove
06-04-2015, 07:37
We are returning this year with a view to start villa hunting. We have previously stayed in a property on Calabay Parc and upon trying to book to return have been told the property might be on the market later in the year. My question is this, how the heck do you suss out a good realtor from a shark from so far away!!!! Can anyone make a good recommendation?
This thread is quite lengthy now and has drifted away from the op's original question in places. People might not see your question buried amongst everything else. I would start a new thread asking for realtor recommendations.
The question has been asked before but it is in villa advertisers section so I cannot direct you there :(
Our 6 bed has just gone on to the market on Emerald Island. Bookings are in place for this year and next. contact bestfloridavilla@aol.com if of interest.
joanneclaire
05-02-2016, 17:42
email sent Raju :)
Im not a regular on this forum, hence don't post on here but have owned and been around since 2002 lol
Joanne
LOL, just seen my title page once posted made me chuckle ... florida newbie lol, im far from it, 22 yrs of florida experience lol
Nice to see you over here Joe....very friendly group here ;)