Home Buying in Orlando>Question Details

Mklovenuk, Home Buyer in Orlando, FL

Historically, what is the average listed time for a successful sale in Orlando?

Asked by Mklovenuk, Orlando, FL Sat Feb 2, 2013

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Abraham Bidhendi’s answer
Hi There:

In this market if you price home aggressively usually less than a week. If you price it right on the money, usually 30 days is what I would expect before we receive an acceptable offer.

Abraham Bidhendi
Top Producer Realtor® with over 25 years of experience
Awarded as Exit's TOP Buyer side Transactions for the State of Florida
We have had 165 successful transactions during the past year alone.
Exit Realty Access, LLC
Direct: (407) 744-2533
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Email: REOsofflorida@msn.com
Website: http://abidhendi.orlandopropertiesonline.com
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0 votes Thank Flag Link Mon Feb 4, 2013

Listen, al that stats stuff, average time listed is OUT THE DOOR!


Prices are jumping back up and if you're listing a home, list for TOP DOLLAR!\

If you're buying, you had better jump on something NOW!

see 100% NO DOWN loan programs at: http://www.pro-option.com

0 votes Thank Flag Link Sat Feb 2, 2013
Here are the latest stats -Feb 2013 - that will give you a general snapshot of Orlando and surrounding cities. Our inventory is low and days on the market are declining. http://www.mfr.rbintel.com/statistics (copy and paste to your browser)

Several factors contribute to length the time it takes to sell a property.
#1 - Is is priced to match competing properties? What other homes will the buyer see and compare to yours while 'shopping'? If yours is priced too high for the same type property your selling time will take longer or price reduction may be in order.
#2. Condition - the 2nd most important factor. Buyers either want to walk in and find everything move in ready or are looking for a fixer upper. If you fall in the middle of one or the other, your time to sell will be lengthened. Even something as relatively inexpensive to change such as dated wall paper or paint colors can turn off a buyer. Buyers will choose neutrals and clean over unique and messy.
#3. Location - this is something you can't change, however for time to sell, some areas are 'hot' others areas are slow movers. Generally, price reflects location factors. If you happen to have something like an active railroad track or unattractive view, for the train or other timed events, post a schedule of when the whistle or rumble will happen. Buyers may realize 3pm every other day is not a big deal for a train to go by. If a nasty view, if possible, inside use attractive window coverings, place art work and accent pieces to draw the eye away from the windows that have the unattractive view. Outside, if it's possible to screen the view with vine covered lattice or tall hedges make use of landscaping to lessen the impact of the vew.
#4. Flexibility - if you have a set price in mind and won't budge you are likely to wait a long time, unless you've priced under market. Allow a little wiggle room to your price as both buyers and sellers want to feel they've won. Buyers may see things you don't and have good reason to offer less. A good agent will discover their reasoning and enable you to see their logic. You may disagree but each buyer has their own vision of what they can afford for specific amenities. Understanding where this lower offer is coming from gives you the ability to not take it personally and come up with a compromise or two. A well negotiated sale is satisfying as you have worked through issues and completed your goal to sell your home.
0 votes Thank Flag Link Sat Feb 2, 2013

Averages mean nothing if you are in the part of town where home tke a little longer to sell. Pricing and locate dictate about how long it will take. Where is the home you are thinking about selling? In Dr. Phillips it could be sold as fast as a day, in other parts it could take 3 or 4 months.

Be well,

Vincent Warren Paige, Jr.
REALTOR® | RE/MAX Showcase
Certified Broker Price Opinion Registered Agent (BPOR)
8934 Conroy Windermere Road | Orlando, FL 32835
Direct: 407.256.8190 | Fax: 407.264.8073
E-mail: vpaige1@yahoo.com
0 votes Thank Flag Link Sat Feb 2, 2013
Anabella Tercero, Real Estate Pro in Orlando, FL
If you price it at the fair market value, it will get multiple offers right away! And, if is a cash buyer you can close in a few days, if is financed it will take between 30-45 days. Please visit my website for more details about selling a property http://www.EastOrlandoRealEstateSearch.com
Anabella Tercero Okrassa
Z Houre Realty Group
0 votes Thank Flag Link Sat Feb 2, 2013
The median days to contract in Decmebr 2012 was only 31 days. A year earlier it was 35 days to contract. Five years ago it was 86 days.
0 votes Thank Flag Link Sat Feb 2, 2013
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