Orlando Real Estate News

USA Today recently reported about how appraisals are becoming a nightmare for many homesellers because of Foreclosure sales in the area.  

"Across the country, agents and homebuilders are complaining too many appraisals are coming in low, scuttling deals. The National Association of Realtors says nearly one in four of its members has reported clients losing a sale due to botched appraisals. The National Association of Home Builders, meanwhile, said low appraisals were sinking a quarter of all new home sales and argues it's not fair to compare distressed properties to brand-new homes. And that gets to the heart of the problem. Roughly 40% of all home sales this year were foreclosures or short sales, meaning the property sold for less than the mortgage. In some markets, like Las Vegas and Phoenix, they've hit more than 50%."

There seems to be two sets of homes on the market, distressed sales and those that are not distress sales.   It is important to remember that if you are buying or selling a home to take into consideration the distressed sales in the area, be it a short sale or a foreclosure.   It is important to speak with an experienced Real Estate Professional to ensure that you understand the Orlando Real Estate Market.

For information on great real estate buys in Orlando and nearby suburbs,
contact the Orlando Property Group, your short sale and luxury home specialists.

Or Search Now for Real Estate & Homes in the Orlando Florida Area

Looking for specific information regarding Orlando Florida real estate prices and communities? Get Your Free Market Snapshot

Read Also: Unemployment Rises and So Do Foreclosures

Read Also: New Appraisals Do They Work Better?  

Read Also: Foreclosures Climb Even With Loan Modifications

Read Also: Disney World Resort Struggles

If you want to sell your Seminole County or Orlando area home in the next 6 to12 months, now is the time to begin putting your plan into place while time is still on your side. Please contact us for any real estate assistance you may need.

We're experts at putting people together with homes they love and can afford. Contact us today for information on Orlando and Seminole County real estate, Orlando & Seminole County homes for sale, Orlando & Seminole County relocation information, a free market analysis of your Orlando area or Seminole County home or statistics on homes in Orlando & Seminole County Florida or the surrounding Central Florida area, including Seminole County, Orange County, Lake County and Volusia County. We're always available to answer your questions.

Related Posts