When called to prepare a market analysis for a home owner who is not facing foreclosure or in a short sale situation the task has been made difficult by the number of distressed sales throughout the majority of the Florida market place.
Traditional sellers have maintained the condition of their homes better than distressed home owners [...]
Potential home sellers may be pleased to find out that any market analysis conducted on their home may be influenced by the increase in home sales during May. Why localized and every home owner should check the trends for their area, an uptick in sales will eventually lead to stabilized prices.
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 [...]
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 [...]