Orlando is a city in the U.S. state of Florida and the county seat of Orange County. Located in Central Florida, it is the center of the Orlando metropolitan area, which had a population of 2,387,138, according to U.S. Census Bureau figures released in March 2016. These figures make it the 24th-largest metropolitan area in the United States, the sixth-largest metropolitan area in the Southern United States, and the third-largest metropolitan area in Florida. As of 2015, Orlando had an estimated city-proper population of 270,934, making it the 73rd-largest city in the United States, the fourth-largest city in Florida, and the state's largest inland city.
The City of Orlando is nicknamed "The City Beautiful", and its symbol is the fountain at Lake Eola. Orlando is also known as "The Theme Park Capital of the World" and in 2016 its tourist attractions and events drew more than 68 million visitors. The Orlando International Airport (MCO) is the thirteenth-busiest airport in the United States and the 29th-busiest in the world.
As one of the world's most visited tourist destinations, Orlando's famous attractions form the backbone of its tourism industry. the two most significant of these attractions are Walt Disney World, opened by the Walt Disney Company in 1971, and located approximately 21 miles (34 km) southwest of Downtown Orlando in Bay Lake; and the Universal Orlando Resort, opened in 1999 as a major expansion of Universal Studios Florida. With the exception of Walt Disney World, most major attractions are located along International Drive with one of these attractions being the famous Orlando Eye. The city is also one of the busiest American cities for conferences and conventions; the Orange County Convention Center is the second-largest convention facility in the United States.
Like other major cities in the Sun Belt, Orlando grew rapidly from the 1980s up into the first decade of the 21st century. Orlando is home to the University of Central Florida, which is the largest university campus in the United States in terms of enrollment as of 2015. In 2010, Orlando was listed as a "Gamma−" level global city in the World Cities Study Group's inventory. Orlando ranks as the fourth-most popular American city based on where people want to live according to a 2009 Pew Research Center study.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Orlando, Kissimmee, Sanford, Florida. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!
The national average total real estate commission in 2015 was 5.26% *
In Orlando, Kissimmee, Sanford, Florida you will find the following real estate commissions charged*:
Typical Asking Commission: 6.00%
Competitive Commission: 5.0%-5.9%
Very Competitive Commission: 4.5%-4.99%
The median existing single-family home price in the South rose 6.7%, to $229,400, in the second quarter of 2017 compared to the the second quarter of 2016. Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:
In the State of Florida, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
|Cape Coral-Fort Myers||$240,000||6.70%|
|Miami-Fort Lauderdale-West Palm Beach||$340,000||7.90%|
|Port St. Lucie||$229,900||12.10%|
|Deltona-Daytona Beach-Ormond Beach||$195,000||11.40%|
|Crestview-Fort Walton Beach-Destin||$269,900||6.10%|
Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home. In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).
In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent. Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”. This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client. This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).
When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.
At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business. These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm. This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Florida.
Sellers who are also buying a home in the same local market have a volume discount advantage. ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home. Be sure to check the box that you are also buying a home locally to receive these better rates.
Click here to see your savings in just 24 hours…
As of 2010, there were 121,254 households out of which 15.4% were vacant. As of 2000, 24.5% of households had children under the age of 18 living with them, 32.4% were married couples living together, 15.4% had a female householder with no husband present, and 47.6% were non-families. 35.0% of all households were made up of individuals and 8.5% had someone living alone who was 65 years of age or older. The average household size was 2.25 and the average family size was 2.97.
In 2014, the city's population was spread out with 12.0% under the age of 18, 5.7% from 18 to 24, 27.3% from 25 to 44, 18.6% from 45 to 64, and 36.3% who were 65 years of age or older. The median age was 33 years. For every 100 females there were 95.3 males. For every 100 females age 18 and over, there were 91.3 males. As of 2/1/2018 Orlando is now 72 percent Puerto Rican due to the Hurricane Maria evacuees. Orlando has the largest population of Puerto Ricans in Florida and their cultural impact on Central Florida is similar to that of the large Cuban population in South Florida. Orlando is home to the fastest growing Puerto Rican community in the country. Between 1980 and 2010, Hispanic population share rose from 4.1 to 25.4%. Orlando also has a large and growing Caribbean population, with a large West Indian community (particularly Bahamians, Cubans, Dominicans, Jamaicans, Virgin Islanders, Trinidadian and Tobagonian population) and an established Haitian community. Orlando has an active Jewish Community.
Orlando has a large LGBT population and is recognized as one of the most accepting and tolerant cities in the Southeast. As of 2015, around 4.1% of Orlando's population identify as LGBT, making Orlando the city with the 20th-highest percentage of LGBT residents in the country. The city is host to Gay Days every June (including at nearby Walt Disney World), holds a huge Pride festival every October, and is home to Florida's first openly gay City Commissioner, Patty Sheehan.
Orlando is a major industrial and hi-tech center. The metro area has a $13.4 billion technology industry employing 53,000 people; and is a nationally recognized cluster of innovation in digital media, agricultural technology, aviation, aerospace, and software design. More than 150 international companies, representing approximately 20 countries, have facilities in Metro Orlando.
Orlando has the 7th-largest research park in the country, Central Florida Research Park, with over 1,025 acres (4.15 km2). It is home to over 120 companies, employs more than 8,500 people, and is the hub of the nation's military simulation and training programs. Near the end of each year, the Orange County Convention Center hosts the world's largest modeling and simulation conference: Interservice/Industry Training, Simulation and Education Conference (I/ITSEC). Metro Orlando is home to the simulation procurement commands for the U.S. Army, Navy, Air Force, Marines and Coast Guard.
Lockheed Martin has a large manufacturing facility for missile systems, aeronautical craft and related high tech research. Other notable engineering firms have offices or labs in Metro Orlando: KDF, General Dynamics, Harris, Mitsubishi Power Systems, Siemens, Veritas/Symantec, multiple USAF facilities, Naval Air Warfare Center Training Systems Division (NAWCTSD), Delta Connection Academy, Embry–Riddle Aeronautical University, GE, Air Force Agency for Modeling and Simulation (AFAMS), U.S. Army Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI), United States Army Research, Development and Engineering Command United States Army Simulation and Training Technology Center (STTC), AT&T, Boeing, CAE Systems Flight and Simulation Training, Hewlett-Packard, Institute for Simulation and Training, National Center for Simulation, Northrop Grumman, and Raytheon Systems. The Naval Training Center until a few years ago was one of the two places where nuclear engineers were trained for the US Navy. Now the land has been converted into the Baldwin Park development. Numerous office complexes for large corporations have popped up along the Interstate 4 corridor north of Orlando, especially in Maitland, Lake Mary and Heathrow.
Orlando is close enough to Patrick Air Force Base, Cape Canaveral Air Force Station, and Kennedy Space Center for residents to commute to work from the city's suburbs. It also allows easy access to Port Canaveral, a cruise ship terminal.
Orlando is the home base of Darden Restaurants, the parent company of Olive Garden and LongHorn Steakhouse, and the largest operator of restaurants in the world by revenue. In September 2009 it moved to a new headquarters and central distribution facility.