Orlando Real Estate News

REALISTIC PRICING OF YOUR HOME

If your Orlando home is not getting showings, or the showings are going nowhere, you may not have priced your home realistically.  Orlando Buyers have many choices in today's market and do not have to overpay for a home.  They want move-in-condition, and if they perceive that a home has been neglected they'll move right on by.

APPEARANCE COUNTS

Today's buyers use the Internet and are well informed, and ready to wait for the Orlando home that meets their requirements.   What those requirements are as varied as the buyers themselves.  Your goal as a seller is to target and meet as many of those requirements as possible.

Sellers often see their homes through rose-colored glasses.  You will be much further ahead if you look at your home trying to use a buyer's view.  Difficult to accomplish, but worth the effort.

It is interesting to watch homes on the market and how long it takes them to sell.  The ones who sell quickly are most likely priced accurately.  The greater the disparity between price and condition the longer the selling time, and many may not even sell during the contract period.

You have to be willing to compromise on price if you are not willing to put some money, time, and effort into getting your Orlando house to show in the best possible light.  You absolutely want no indication that maintenance has not been a priority, in addition you will probably want to, at the very least, do minor updates

Areas to address:

• screens with holes                                      
• loose tiles
• chipping paint                                           
• dripping faucets
• dirty appliances                                        
• air filters clogged up
• grout problems                                         
• broken light fixtures 
• dirty carpets                                             
• yard neglected
• wallpaper                                                 
• dirty siding/windows

Neutral, neat and well maintained Orlando homes command more money and sell quicker than homes that need work.  When there are signs that minor upkeep was not done the buyer translates that into meaning that major items such as the maintenance of furnace and air conditioning, roof leaks, gutters and downspouts etc. have also been neglected.

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Ways of Irritating Lenders-and Loosing a Short Sale

        Why do banks even consider taking a short sale? They will be loosing thousands of dollars and they already have the right to foreclose. There are many reasons banks have for wanting a short sale to go through, even though they will be loosing money on the sale. If the owner does not do a short sale, they will more than likely be going into foreclosure very quickly. A foreclosure for a bank is a costly and frequently takes months to get done. In a normal market that might not be that bad, but I our current condition with foreclosures causing the prices of homes to plummet a wait of 4 months could cause the value of the property to drop thousands of dollars.

        So why if it is in their best interest to do short sales, do banks frequently loose buyers by taking far too long to respond to an offer, not calling the agents back when they say they will, not approving a sale even though they previously said the bank would take that sales price? It really comes down to how the bank has been approached by the agent.

        Banks are people too! If you had an irate rude person calling your office everyday and complaining about how terrible you are doing your job how hard would you fight to get them a good deal? You wouldn't, you would "accidently" loose their paperwork and let them stew in their own juices. Now imagine you had 15 people a day calling you and yelling and criticizing you. Then one person calls and is nice, one person is considerate of you time and energy; how well would you treat them?

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Casselberry Florida Update for March 2009

We have included a monthly snapshot for Casselberry including condos, townhomes, single family, villas and multifamily homes.

Active Listings (Real Estate for Sale):
Property being marketed for sale by a Realtor®, as contracted with the seller.

March 2009:                                            
*Total Active Listings: 281 * Highest Listing Price: $2,379,000 *Lowest Listing Price: $27,500
                  *Average Listing Price: $194,433 * Average Days on the Market: 178

• Single Family Homes 170 Total Available $245,609 Average List Price
• Condos 71 Total Available $98,541 Average List Price
• Townhomes 39 Total Available $146,815 Average List Price
• Villas  1 Total Available $159,900 Average List Price

February 2009:                                            
*Total Active Listings: 295 * Highest Listing Price: $2,379,000 *Lowest Listing Price: $33,250
                  *Average Listing Price: $199,255 * Average Days on the Market: 178

• Single Family Homes 179 Total Available $250,814 Average List Price
• Condos 68 Total Available $98,229 Average List Price
• Townhomes 46 Total Available $148,388 Average List Price
• Villas  1 Total Available $179,900 Average List Price

January 2009:                                            
*Total Active Listings: 291 * Highest Listing Price: $2,379,000 *Lowest Listing Price: $45,000
                  *Average Listing Price: $206,007 * Average Days on the Market: 169

• Single Family Homes 190 Total Available $248,248 Average List Price
• Condos 65 Total Available $113,172 Average List Price
• Townhomes 36 Total Available $150,690 Average List Price

Pending Listings (Real Estate Under Contract):
Buyer and seller have signed an agreement but sale is not yet completed.

March 2009:                                            
*Total Pending Listings: 76 * Highest Listing Price:$249,900 *Lowest Listing Price: $33,000
                *Average Pending Price: $134,210 * Average Days on the Market: 153

• Single Family Homes 56 Total $150,547 Average List Price
• Condos 12 Total $62,719 Average List Price
• Townhomes 8 Total $127,083 Average List Price

February 2009:                                             
*Total Pending Listings: 62 * Highest Listing Price:$305,000 *Lowest Listing Price: $34,900
                *Average Pending Price: $143,435 * Average Days on the Market: 132

• Single Family Homes 46 Total $158,586 Average List Price
• Condos 9 Total $67,358 Average List Price
• Townhomes 7 Total $141,680 Average List Price

January 2009:                                            
*Total Pending Listings: 50 * Highest Listing Price: $399,000 *Lowest Listing Price: $33,500
                *Average Pending Price: $153,624 * Average Days on the Market: 192

• Single Family Homes 33 Total $175,900 Average List Price
• Condos 8 Total $81,349 Average List Price
• Townhomes 9 Total $136,190 Average List Price

Sold Listings (Completed Real Estate Sales):
Sale of property is completed and ownership has changed hands.

March 2009:                                            
*Total Sold: 26 * Highest Sold Price: $280,000 *Lowest Sold Price: $34,900
          *Average Sold Price: $134,321 * Average Days on the Market: 135

• Single Family Homes 17 Total $165,450 Average Sold Price
• Condos 3 Total $59,356 Average Sold Price
• Townhomes 5 Total $139,525 Average List Price

February 2009:                                            
*Total Sold: 20 * Highest Sold Price: $338,850 *Lowest Sold Price: $136,000
          *Average Sold Price: $230,137 * Average Days on the Market: 120

• Single Family Homes 17 Total $241,108 Average Sold Price
• Condos 1 Total $154,000 Average Sold Price
• Townhomes 2 Total $174,950 Average List Price

January 2009:                                            
*Total Sold: 14 * Highest Sold Price: $400,000 *Lowest Sold Price: $59,900
          *Average Sold Price: $167,551 * Average Days on the Market: 131

• Single Family Homes 7 Total $197,957 Average Sold Price
• Condos 1 Total $59,900 Average Sold Price
• Townhomes 6 Total $150,020 Average List Price

http://www.orlandofloridarealestatehomes.com/orlando-real-estate-winter-springs-market-update

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

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

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Read Also: Orlando Florida Relocation Resource Guide

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If you are wanting 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.

Casselberry FL Market Update - February 2009

Casselberry is conveniently located only seven miles north of Orlando. A thriving community covering eight square miles in Seminole County, Casselberry has a diverse mixture of retail, business and residential developments plus leisure activities afforded by lakes, golf courses, parks, a senior center and library.

Real Estate Update for Casselberry

This monthly update provides residential real estate listings and sales statistics for Casselberry, Florida. While this is an accurate overall snapshot of what's happening in the local housing market, sales trends vary from neighborhood to neighborhood and from budget-priced condo to comfortable single-family home to elegant luxury estate.

Active Listings (Real Estate for Sale):
Property being marketed for sale by a Realtor®, as contracted with the seller.

February 2009:
 • Total active listings: 294
 • Highest listing price: $2,379,000
 • Lowest listing price: $33,250
 • Average listing price: $199,255
 • Average days on the market: 178

January 2009:
 • Total active listings: 291
 • Highest listing price: $2,379,000
 • Lowest listing price: $45,000
 • Average listing price: $206,007
 • Average days on the market: 169

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