Welcome to the website of Orlando real estate agent Denis Vitukhin. Whether you're buying, selling, or investing in residential property in Central Florida, Denis and the Century 21 agency are here to be your reliable resource throughout your real estate journey.
Denis earned a degree in Law from the University and gained extensive experience in customer service and sales, including holding leadership positions and running his own online selling business. His law studies provide a solid understanding of the legal framework surrounding real estate transactions, while his experience in luxury sales has honed his ability to understand clients' needs and close deals effectively. He migrated to the USA in 2015 from Russia and chose Orlando as his new home due to its convenient central Florida location, status as a tourist center, and rapid growth. Outside of assisting clients, he enjoys exploring Florida, playing board games, tennis, billiards, chess, and sharing his experiences on his YouTube channel.
With a genuine passion for Florida and the real estate industry, he is dedicated to helping buyers and sellers navigate the real estate market in the beautiful Orlando metro area.
Century 21 is renowned as the most recognizable name in the industry, and Century 21 Carioti stands out as a premier full-service brokerage with prime office locations throughout the Orlando Metro area. As a Davenport Realtor based near the Disney area, Denis covers a vast area spanning Central Florida, including Orlando, Winter Park, Windermere, Kissimmee, and Lakeland.
Our office boasts an impressive array of in-house services, including a Mortgage Company, Title Company, Insurance Company, and Property Management Division. This comprehensive approach ensures that every step of your real estate journey is expertly managed and supported.
If you're looking to relocate, invest, or buy real estate anywhere else in Central Florida, Denis can help you find the perfect single-family home, townhouse, condo, or new home construction to call home. If you're ready to sell your home, please contact him for a Free Home Valuation.
If you're looking to buy Orlando Real Estate, Windermere Real Estate, Celebration Real Estate, Ocoee Real Estate, Winter Park Real Estate, Davenport Real Estate, Kissimmee Real Estate, Champions Gate Real Estate, Reunion Real Estate, or anywhere else in Central Florida Real Estate, then he can assist you. If you need an Orlando Realtor who works in your interests, he would be more than happy to assist you! Contact him, Denis Vitukhin, your local home expert: 321-440-1488.
1650 Sand Lake Road Suite 107 Orlando, FL 32809
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Consulting a Realtor, even if you're not actively planning to buy a property, can be incredibly beneficial. You can gain market insights, financial advice, and assistance with future planning!
Take a look at this incredible vacation retreat! With a stunning 13 bedrooms, this property is truly extraordinary.
Orlando Metro boasts a rich heritage and diverse perspectives rooted in its history as a luxury winter destination for wealthy Northern magnates and a local citrus center. Today, the Orlando area stands as a top tourist and convention destination in the country, reaching a peak of 75 million visitors in the pre-pandemic year of 2019. The Orlando metropolitan area, with a population of around 3 million people, is among the fastest-growing in the country, welcoming approximately 1,500 new residents daily. This growth fuels job opportunities and sparks developments, including expansive neighborhoods, new roads, transportation enhancements, and improved infrastructure. Orlando's central location, positioned conveniently between the Atlantic Ocean (less than an hour's drive), Gulf of Mexico, St. Augustine, and Miami, offers endless possibilities for local travel. The metro area hosts a spectrum of attractions, from the world's most visited theme and water parks to natural springs, jungles, and numerous lakes. Entertainment options cater to every taste, featuring museums, galleries, ballets, operas, nightclubs, major concerts with international stars, endless golf courses, and a diverse array of restaurants, including those with Michelin stars. Shopping enthusiasts can explore both mass and high-end fashion outlets. Orlando city provides housing options for every budget, from cozy neighborhoods with budget-friendly homes and resort-style apartment complexes to high floor downtown penthouses and luxurious multi million-dollar mansions in exclusive towns like Winter Park, Windermere, Celebration, Dr. Phillips, and more. Each local town has its unique charm and spirit. Owning property here can serve as your primary residence or a substantial investment, particularly in the thriving rental market.
Is it worth buying real estate? Historically, house prices have generally increased, even during periods of decline. In the long term, investing in real estate almost guarantees a significant rise in value. Some periods show sharp short-term increases, such as the 73% surge in house prices during the two-year pandemic. For example, in the Orlando-Kissimmee-Sanford area, the average home sold for $95,000 in 1990, $170,000 in 2010, and $278,000 in 2020. By the peak of the post-pandemic market in 2023, the average price skyrocketed to $437,000. Even if prices drop, it's unlikely to be significant due to factors like population growth, high property demand, and increases in the state's minimum wage. Waiting for better times may not be the best strategy, as real estate prices have historically continued to rise.
Should I wait for lower rates? As of March 2024, mortgage interest rates range between 5.99% and 7.5%. It's important to note that these rates are not stabilized, as seen in their historical fluctuations. In 1981, the rate peaked at almost 17%, while in 2021, it reached its lowest point at around 3%. Mortgage rates are expected to fall at the end of 2024-2025, and during the initial years of a mortgage, there is an opportunity to refinance the rate, potentially lowering it. Also, making extra payments on your principal mortgage balance, which is the amount you borrowed, may help you reduce the amount of interest you pay over the life of your mortgage. Mortgage loans remain highly competitive compared to other interest rates, such as credit cards (20-35%), car loans (8-20%), and the consistently high cost of renting (100%), opposite to the fixed mortgage monthly payment. Every 1% rate decrease brings 5 million buyers into the market who were waiting for this decrease, which will increase competition and lead to bidding wars. Act now because when the rates fall again, it will be a more competitive market for buyers with higher demand and lower supply, causing house prices to rise again.
FHA LOAN: credit score: 580+ | down payment: from 3.5%
VA LOAN: credit score: 620+ | down payment: from 0%
CONVENTIONAL LOAN: credit score: 620+ | down payment: from 3%
USDA LOAN: credit score: 640+ | down payment: from 0%
BANK STATEMENT LOAN: credit score: 680+ | down payment: from 10%
Conventional loan: Best for borrowers with good credit scores.
Jumbo loan: Best for borrowers with good credit looking to buy a more expensive home.
Government-backed loan: Best for borrowers with lower credit scores and minimal cash for a down payment.
Fixed-rate mortgage: Best for borrowers who’d prefer a predictable, set monthly payment for the duration of the loan.
Adjustable-rate mortgage: Best for borrowers who aren’t planning to stay in the home for an extended period, prefer lower payments in the short term or are comfortable with possibly having to pay more in the future.
Tip for Buyers:
Before you begin searching for properties, obtain a pre-approval letter from your chosen lender by submitting the necessary documents, such as a recent profit and loss statement, pay stubs, bank statements, two years of tax returns, or other proof of income during your consultation. Pre-approval is typically valid for 60 to 90 days.
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