The excessive listing inventory have apparently resulted in some sellers and their agents listing their homes for sale for less money that the seller is willing to accept. The reasoning is that buyers will be attracted to the home because of the seemingly fantastic price which will then lead to offers that the seller could then counter to a [...]
The Orlando Sentinel reports that Florida home values have declined by 6.14% during the third quarter of 2008.
This comes as no surprise as short sales and foreclosure bank owned sales continue to impact housing values across the State. To receive an accurate report of your home’s current value, contact me and I will prepare a [...]
According to the latest MLS statistics as of today, 7,872 homes have sold in Orange County, Florida in 2008. Orange County is home to Orlando. 9,547 homes were sold during the same time period last year.
If you would like a market analysis completed for your Orange County Florida home, contact me.
In the 5 county area of Central Florida that includes, Seminole, Lake, Osceola, Orange and West Volusia, there are still over 35,000 homes for sale in the MLS. This excessive inventory will keep home prices from increasing as motivated sellers, short sales and REO property are listed at bargain prices in an effort to attract [...]
Florida Association of Realtor’s latest Florida housing statistics show the median sales price of home to be $185,400 in the third quarter.
Contact me to determine the value of your home.
A market analysis will include information that gives the home owner an indication of how long it will take before the home receives an accepted offer. Currently in the Orlando area during the month of October, homes were on the market an average of 111 days before selling.
If you want to find out how long your home [...]
The information real estate agents deliver to homeowners these days is not always what the homeowner wants to hear. While statistics show that property values are dropping, to some homeowners the drop in value is only happening to the other guy. Those sellers who choose to ignore what the market is telling them often find [...]
As a home seller you control 3 crucial elements that work towards controlling your home sale.
Condition. If your home does not show well, if it is in need of cosmetic or mechanical updates/repairs or if your decorating tastes would not be the taste of the majority, you could hinder the sale of your home.
Availability. Easiest [...]
A considerable portion of a market analysis is data gathered when comparing your home or property to other homes and properties that are listed in the MLS. However, there are other listing categories to be consider to help prove or substantiate value. These other categories include:
Expired listings
Active listings
Pending listings
Expired listings will provide an indication of where the pricing ceiling [...]
The market value of your home is ultimately determined by what a buyer is willing to pay after considering all the home choices available to them. When determining market value, consideration has to be given to the homes currently on the market that your home will be competing with for buyers.
If a buyer makes an [...]