December 29, 2020
Why It's important to price your house right today | Orlando Homes Are Selling Fast!
Why It’s Important to Price Your House Right Today
Even in today’s sellers’ market, setting the right price for your house In Orlando Florida is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase by 4.5% in 2021. This means experts anticipate home values will continue climbing next year. Danielle Hale, Chief Economist for realtor.com, notes:
“We expect price gains to ease somewhat in 2021 and end 5.7% above 2020 levels, decelerating steadily through the spring and summer, and then gradually reaccelerating toward the end of the year.”
How to Price Your House to Sell
When it comes to setting the right price for your house, the goal is to increase visibility and drive more buyers your way. Instead of trying to win the negotiation with one buyer, you should price your house so that demand is maximized and more buyers want to take a look. The more buyers interested the better your chances of getting more offers on your property.
As a seller in today’s Orlando market, you might be thinking about pricing your house on the high end while so many of today’s buyers are searching harder than ever just to find a Florida home to purchase.
But here’s the thing – a high price tag does not mean you’re going to cash in big on the sale. It’s actually more likely to deter buyers concerned about the future of the market.
Right now, even when there are so few houses for sale in Orlando, your house is more likely to sit on the market longer or require a price drop that can send buyers running if it isn’t priced just right from the very beginning.
Why It’s Important to Price Your House Right
Today important to make sure your house is priced correctly by working with a trusted real estate professional throughout the process. When you price it competitively from the start, you won’t be negotiating with one buyer. Instead, you’ll likely have multiple buyers competing for the house, potentially increasing the final sale price.
The key is to make sure your house is priced to sell immediately. This way, it will be seen by the greatest number of buyers. More than one of them may be interested, and it will be more likely to sell at a competitive price.
Bottom Line
If your house is not priced right, the eyeballs that may want to buy it will never see it as it falls out of their search parameters. As an Orlando Realtor I can tell you that many properties sit on the market and every day that goes by counts as a day that buyers passed it up. Why did they pass it up? Is the seller desperate to sell now? Let's make a low ball offer because nobody is interested in it.
Once home owners understand this concept and how the market works, they usually follow the best methods for listing and we get it sold fast and for the price they actually want for it by getting multiple offers.
My team and I work for our clients
in a way that works for them. If you are looking to buy in the Orlando area I'd love to meet with you and discuss options as there are many to choose from in all price ranges.
If you are a seller, consider joining our many happy clients that have bought and sold with Keller Williams in the past.
Please text/call: (407) 214-7422 for a same day appointment
where we help you BUY it right, and SELL without a fight! ~ Mighty Mike
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Mighty Mike Reid do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Mighty Mike Reid will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
Mighty Mentor
There are a lot of questions right now regarding the real estate market as we head into 2022.
The post Don’t Believe Everything You Read: The Truth Many Headlines Overlook appeared first on Keeping Current Matters.
With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago.
The post Why a Wave of Foreclosures Is Not on the Way appeared first on Keeping Current Matters.
Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility.
The post Understand Your Options To Avoid Foreclosure appeared first on Keeping Current Matters.
I’m really excited about today’s guest on the show! Heather Hurry is with Pillar To Post Home Inspectors and the Jeff Mackey team. She is going to join us today as we discuss INSPECTIONS and what home buyers are missing on the Inspection Report! SUPER IMPORTANT! Visit www.mightymikereid.com for full show notes and to watch the video of this interview.
Whether you are sitting on the beach or kayaking near the still water's edge at Fort De Soto, you find yourself absorbed in the abundance of natural beauty for as far as the eye can see. The complexity of the ecology is not immediately apparent, but the park offers the greatest diversity of systems just about anywhere. Emerging from the wealth of birdlife, sea life, wildlife and plant life is the majestic tapestry called Fort De Soto Fort De Soto was named America’s Top Beach for 2009 by Trip Advisor, the world's largest online travel community. In 2005, “Dr. Beach,” named Fort De Soto the nation’s #1 Beach. The park property was first purchased from the federal government in 1938 for $12,500. In 1941 the property was sold back to the federal government for $18,404 to be used as a gunnery and bombing range during World War II. The property was repurchased from the United States in 1948 for $26,500. The 12-inch mortar battery, located at the fort for which the park was named, was listed in the National Register of Historic Places in 1977. Adding to the historical interest at Fort De Soto, two British breech-loading, rapid-fire rifles of 1890 vintage were installed in March 1982. Markers showing the original building locations and a Quartermaster Storehouse Museum add to the park's historic interest.
Special Guest: Kristofer Brinton is a Tampa native with multiple years of mortgage experience. As an immigrant to the United States, Kris takes homeownership seriously and serves his clients with pride. Watch The Full Episode at https://youtu.be/Ot-LivVsA-c
With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago.
The post 4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures appeared first on Keeping Current Matters.
If you ask anyone who has ever tried to sell their own home
themselves they’ll tell you that from the moment the “For Sale By
Owner” sign goes up, the phone begins to ring. Unfortunately,
many of those calls will not be from prospective buyers, but
rather from real estate agents trying to obtain your listing.
Obviously, the idea of not having to pay commission to a real
estate agent is attractive to any home-seller. But because of all
the issues involved in the process, selling a home on one’s own
can be challenging, as many home-sellers will attest.
Get to the root cause of your partner’s concerns, find out who’s on the deed and how much equity is yours, and weigh your options for moving forward.
There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program.
The post 4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure appeared first on Keeping Current Matters.
