Rick Arbutine, a REALTOR® who serves the luxury home market for Orlando real estate, says now may be a good time to list luxury homes because inventory is short in key highly desirable locations.
Orlando Luxury Homes Specialist Rick Arbutine
Online PR News – 08-March-2014 – ORLANDO, Fla. – ORLANDO, Fla. - Orlando REALTOR® Rick Arbutine, who specializes in the high end of the local real estate market, says that now may be a great time for luxury home owners to consider listing their home.
Arbutine says available inventory is particularly low for luxury homes in some of the more sought-after Orlando neighborhoods.
"The middle of the Orlando real estate market is a noticeably better than many other parts of the country because of the international exposure we get from Disney World, with reasonable amounts of inventory available" he says.
"Orlando luxury homes are in short supply, however, especially in the more desirable neighborhoods, like Dr. Phillips, Windermere, Lake Mary, and Heathrow," Arbutine says.
“As Spring approaches, this may be the perfect opportunity to get a luxury home sold, taking advantage of the low inventory and interest rates we see currently. There's no guarantee how long it will last.”
He adds that the potential for a rising interest rate environment will prompt some to enter the market sooner rather than later, because rising interest rates ultimately reduce affordability by severely cutting into the amount of loan a buyer can qualify for.
"For every 1% interest rate hike, there is a $54,000 reduction in buying power for every $500,000 of home value," he says.
According to Arbutine, for a $1.5 million luxury home, this means a buyer will see over $160,000 in buying power evaporate with every percentage point rise in the mortgage rate.
He says many luxury home owners have been waiting to list their homes until circumstances benefit them.
"As Spring approaches, this may be the perfect opportunity to get a luxury home sold, taking advantage of the low inventory and interest rates we see currently. There's no guarantee how long it will last."
About Rick Arbutine
Rick Arbutine is a REALTOR® and expert in buying and selling luxury Orlando homes for sale at http://luxuryhomesorlandofla.com. His area of specialization includes Walt Disney World and the surrounding communities of Longwood, Lake Mary, Windermere, and Sanford. A top agent with Charles Rutenberg Realty, Arbutine is known for introducing his clients to Orlando’s most exclusive communities, helping them explore the million dollar listings that define the Orlando's luxury real estate market.
The level of real estate client served by Arbutine expects and gets exemplary service. Arbutine has extensive experience in high-end homes, and a deep understanding of the caliber of professional service and personal attention it takes to satisfy his clients. He is an attentive agent who is committed to always being available to answer questions, manage solutions to challenges that may arise during a transaction, and provide guidance. In addition, his team will insure that each transaction is complemented with a comprehensive selection of tools, resources and support staff.
Rick Arbutine, REALTOR®
Charles Rutenberg Realty
1900 Summit Power Blvd.
Orlando, FL 32810