Real Estate Market


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I am currently attending our company’s annual real estate conference. Yesterday we had what is called the Vision speech. This is a look at the trends and forces that will drive the real estate market in 2015. And all of the signs point to it being an amazing time to be buying or selling. It is a balanced market – right where you want to be to make wise real estate decisions and opportunity for all. So my question is where do you want to move this year? You should love where you live and there are opportunities to break into a neighborhood you didn’t think was possible by selling and moving up!

If you could move anywhere in Orlando where would it be? I love my neighborhood but here are some of my other favorites right now and why.

Lake Formosa – (Take Our NEW Neighborhood Video Tour)  home of industrial warehouses and beautiful lake views. It’s an eclectic mix and although the landscape will be changing with the upcoming The Yard project; it provides walkability, history and views. Originally established in 1911 you can see the charming bungalows throughout and feel the history along the railroad. And the Orlando Urban Trail is literally in your back yard to take you anywhere your little bike-riding heart desires.

Lake Como – always a favorite of mine.  This neighborhood is truly a community. The location just southeast of the Central Business District of Downtown Orlando makes it convenient and the neighbors make it a perfect place to call home. The home styles are a nice mix of homes with history and charm all circling around the park and lake where walking your dog and chatting your neighbors is what makes it so special.

Lancaster Park – this neighborhood is full of huge oak trees. All of the Downtown Orlando neighborhoods are known for their oak trees and brick streets, but the main entrance to Lancaster Park is just the perfectly shaded old Florida spot! Located near the ever-growing Orlando Regional Medical Center (ORMC) it is convenient but it feels so secluded and private – not to mention the pride in ownership is evident at every turn. And did I mention the lake views?! Walking the dog is an enjoyable task in this neighborhood!

 Do you love where you live? Find your dream home today.

We think you should love where you live.  Why settle for a home that’s too small or doesn’t have a garage or a pool when the market is full of opportunity.  Over the last 10 years many homeowners did not have the equity to make a big move.  With the improving market the median price is up 9.61% higher than the 2013 annual median price.  You may finally have equity to sell at a profit and buy something larger with an extremely low interest rate.  It is the perfect sweet spot to make the move into your dream home.

 

And if you purchased your home in late 2010-early 2012 you’re in luck because that was the lowest point in the Orlando real estate market.  So you may have quite a bit of equity to make your Orlando dream home possible!

We set up a simple way to get started today.  Just visit www.HeartOrlandoHome.com and either start your search for your dream home or find out how much you have in equity to put towards the move.

Love where you live!  #heartorlandohome

holiday sale imageMany people think the holiday season is not a good time to sell a home. That is a myth.

In fact, almost every year there is a slight up-tick in the number of homes sold in December.  Right now, many Orlando home sellers are withdrawing their listings or deciding to wait until January to list.  They are hesitating because of this Myth and the idea that it might be inconvenient to sell over the holidays.  But that opens up great opportunities for the serious sellers and serious buyers out there!

Why Is there an increase in sales in December?

Well, there are many reasons that buyers try to close by the end of the year

–  a variety of tax purposes
– being relocated from one place to another
– they want to move while kids are out of school on a holiday break
– lease expiring at the end of the year
– have some vacation time left and it’s a good time to move
– etc

So why List your Orlando Home Right NOW?

  1. Buyers who are moving in the holiday months are usually very motivated by the above reasons.  And these serious buyers are looking for homes right now.  It takes approximately 30-45 days to close a loan.  Therefore, most buyers are searching for that special home starting now.
  2. Because many sellers think it is too inconvenient or have heard that it’s a bad time to sell; some are beginning to withdraw their listings and “take a break” from selling. That means less competition during the next few months.  Less competition means a quicker sale and more negotiating power for the smart sellers!

So what are you waiting for?  Take advantage of the opportunities this holiday season.  Whether you are moving up, downsizing, or just trying to unload some investment property – this is the time!  If your are interested in selling a home in Orlando give us a call at 407-494-2820 or contact us below.

new signCan you believe it is almost October?!  This year is going by  so quickly, but there is still time to move this year and get into a NEW home!

Here are a few things to consider if you want to sell your Orlando home before January 1st:

1.  First things first, the Fall is a good time to list your home.  Many people may decide not to list during the holidays.  And that is good news for you because that means there is less competition!  Another perk for listing during the holiday season is that most buyers that are searching are as serious as you about moving.  (Also check out the 5 Reasons to sell your home this fall)

2.  The average days on the market currently is about 70.  That means if you want to close before January 1st, you’ll want to list by very soon.  Most transactions take about 30-45 days to close once you are under contract.  To get to contract could take on average 70 days!  So it’s super important to price right from the beginning to ensure a successful sale by the end of the year.

3.  Beware of overpricing.    You may have heard that the real estate market prices are up 6% from this time last year!  That’s great news and yet the number of sales is down 16% and the prices are down month to month as well.  We are in what is considered a stable market with supply and demand being pretty equal.

The Orlando real estate market is cyclical and shifts.  In the last two years we’ve seen heavy demand as buyers have been trying to take advantage of the low prices and low interest rates.  That heavy demand and lack of listings caused the prices to rise.  That’s great news for you as you intend on selling!  But as prices rise, many other homeowners have the same idea leading to more supply.  Many New Listings have hit the market for now.  Some will sell over the next few months and other homeowners will take their homes off the market during the holiday season. Yet serious buyers will continue to search for their home!

Preparing to list?

The main issue I see as we continue into the next coming months is overpricing.  The market has improved drastically over the last few
years, but I have noticed some sellers future pricing, meaning they are pricing their homes in what they perceive the prices to be in a few months.  Yet those are the listings that are sitting on the market and not selling.  List your home fairly within the market range and you will sell before the end of the year and have a nice fresh start to 2015!

If you’re serious about selling your home before the new year, get started with a free consultation.

 

Image credit:  Land for sale by Crinity via Everystock – Creative Commons License

In the last 6 months the number of homes for sale in Orlando has continued to increase.  This time last year there were about 34% less homes on the market than there are now.  In the current market, about 25-30% of the listings are selling monthly on average.  With added competition comes longer days on the market and more expired listings.  As buyers have more options, they may decide to skip your listing for the one down the street.  There are a variety of reasons that they might choose another home over yours.  Find out the top 5 Reasons by watching the video below and download the full report at my website ExpiredListingClub.com.

The expired listing club is the one club where you do not want to be a member.  If you had a plan to move and your home did not sell or you are just thinking about selling – you don’t want to make these mistakes.  Find out why your home didn’t sell and let’s get together to get it sold!

Call me today at 407-494-2820 or visit the website for the full report with a detailed analysis of the 5 Reasons your home didn’t sell!  Did you have problems selling your home?

Young Woman Laptop StockSometimes it is fun to daydream about moving into a new home.  Maybe something a little larger, with a pool, or maybe a more walkable neighborhood?!  It’s fun to think about these things, but it can be a reality too.  Moving is all about timing and when it makes sense to sell your current home and find a new place.

If you’ve been daydreaming about moving in Orlando, why not make it a reality?  Start searching for Downtown Orlando homes today!  Or download my app and sync it to me to search while you are on the go!  (**don’t forget to register your info or if you contact me I won’t be able to answer any questions when you inquire!)

Reasons to Move Now:

1. You may finally be in a position of equity since the listing prices in Orlando are up about 13% since last year.  That might be just enough to get you moving into a bigger or better place.

2. And although the prices are up, the interest rates are still extremely affordable.

3.  The number of listings is up about 14% since last year, meaning you have more options to choose from when shopping.

Things to consider – since you will have more options to choose from – so will buyers for your current home.   So, as with any market, you need to price appropriately and competitively to actually get a contract.  We’re heading into Summer selling season.  Summer is notoriously the busiest time of year – get your home listed asap to take advantage of the pool of buyers that are looking to move over the summer months. They’re typically motivated by timing and the need to get into a new house before school starts or while they have vacation time planned – which is an advantage as a home seller.

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So let’s talk numbers – if you could sell your home for _______________ (fill in the blank), you would sell today?  Give me a call to see if it’s time 407-494-2820.

summerIf you’re considering purchasing a home in Orlando this summer, here are a few tips to consider!

1. Start now.  If you want to close by August you should give us a call now 407-494-2820.  It can take a little time to find the right fit, and then an additional 30-45 days to close once you’re under contract.

2.  It’s hot outside!  Florida weather is amazing, but it can get pretty hot during the summer months.  It can be especially heated if you’re visiting a few vacant houses that have no utilities.  If you’re home shopping all day be sure to bring water, keep the car AC running, and dress comfortably!

3.  Avoid short sales.  Short sales are not short.  (See what a short sale is here) They can take an average of 3-6 months just to have a response from the seller’s mortgage servicer.  At that rate you’ll be closing by the end of the year if they approve the sale at all.  A topic for another time!

4.  Join the club and have a strategy!  Summer is a peak selling season in many parts of the country because people have time off from work or want to move while the kids are out of school.  Keep this in mind when making an offer.  You’re probably not the only one who wants the house.  We can help guide you on a strong offer that will not be overlooked!

5.  Be prepared.  If you’re taking a summer vacation while under contract on a home, be prepared!  Send in every piece of information your lender might need for a loan before you leave town.  Be sure you will have access to internet and phone while you’re away.  Also – just to be safe – make sure you have access to a printer and fax machine.  We use electronic signatures, but not every agent does.  If you aren’t working with us – then you might need access to a printer and fax machine.  There are inevitably always little things that ave to be signed throughout the process.

Get started now by calling me at 497-494-2820 (ask for Kathryn)
Or fill out this simple form and I’ll get in touch shortly.

 

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