A good realtor does more than you know!
Good place and right timing
TIPS FOR SELLERS
2005’s record setting year in the existing home market promised more robust times in 2006 and indeed, the market remains highly active. Read about the opportunities for both buyers and sellers.
Just how hot is the market for existing homes in the region? In 2005, sales in metro Orlando totaled 37,453 setting an annual sales record for the 13th consecutive year. That total eclipsed 2004’s figure by 13 percent. This year, the pace remains strong. During the first seven months of 2006, sales of existing homes within the metro area dipped by less than 100 homes compared to the same period in 2005.
With 1,100 people moving to Central Florida every day, a trend that is projected to continue for the next 10 years, there is no fear of a home price bubble burst in Orlando, contend to official reports. They say the balance between supply and demand is “stable”.
The attractiveness of Central Florida to the large number of baby boomers now buying retirement and vacation second homes, as well as foreign homebuyers, will further ensure demand and existing values in the near future officials cite. In addition interest rates remain relatively attractive which is more welcomed news for the marketplace.
In terms of individual county sales activity, Orange County led the way in 2005, with more than $5.3 billion in collective sales. A total of 18,779 homes changed hands in Orange County. Seminole County followed with $2.05 billion (7,038 homes), while Osceola County had $1.45 billion (5,846 homes) and Lake County had $1.32 billion (5,790 homes). Osceola County posted the greatest year end increase in sales over 2004 (23.8 percent).
Notably, across the state, home sales in 2005 established more records despite an active hurricane season. Florida recorded 248,565 existing home sales, an increase of 2 percent from the previous year, according to the Florida Association of Realtors. Also, the statewide median price rose 29 percent to $235,100.
The bottom line: Whether you’re a buyer or a seller in metro Orlando, there are opportunities for success Fact is, in many instances, the times are about as good as they get.
Selling a home is a difficult task. Not only are you embarking on a new adventure you are also leaving a place full of fond memories. As professional realtors and residents of the Orlando area we can use our knowledge and local connections to help you stage your home, enhance curb appeal and make a large difference in your selling price and timeline. Contact one of our agents today to see how we can help you, help yourself.
Working with you every step of the way!
INTRODUCTION FOR SELLERS
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