Where is your home located? You have a ton of real estate agents on this website that are always looking to show a good home to one of their potential buyers! Remember, this site is not just for us realtors to market our services to you but also for you to market your home to us!
Give us the stats and lets see if we can make something happen for you.
I am taking 3 buyers out tomorrow and they ready to buy so if you can post asap or email me your stats to email@example.com I will try to help.
Take care and good luck!
I did some research and found about 8 homes in the zip code that are pending.
Here is what I found. I hope after you review this it helps.
I did some detailed research: In your neighborhood there are 5 ACT and 3 Solds in last year. Last sale was Sept 08. It appears you have the best pricing in your neighborhood. This is MLS stats only.
Some statistics I dug up based on your zip code and homes priced above $300,000. This is broad and includes all homes and compares March 07 to March 09. It is intended to give you a market snapshot only.
Avg days on market M/07 (81) M/09 (134). You have been on market this last time only 46 Days.
Med Price Range M/07 ( $773K ) M/09 ($400K)
Number of homes sold in units is up +29% (this is good news)
Number of prop avail in units is down -14% (this is good too)
Under contract units by month +64%
New Listings units by month -57%
So What does this mean? You appear to be priced well for your neighborhood but slightly above median for your zip code. Maybe you have not given it enough time based on avg days on the market. Your history shows you have changed Realtors a few times. Stick it out with one Realtor and give it time. All indications are activity is up (see above) and inventory is down. New listings are down and new contracts are up. That is all good news for you. All in your favor. Hang in there and I agree with my colleagues here, someone will notice, we are talking about you and you are getting a lot of good advice and exposure.
I can share the research in report form with you or your Realtor if you want it, just ask and I can email.
Homes priced above $417,000 are selling much slower than homes below $417,000. Last month 8% of the homes listed below this number actually sold whereas only 2% of those listed above $417,000 sold. This percentage is known as the absorbtion rate. So only 316 of the 13,238 homes listed above $417,000 sold last month. The reason for the 6% difference in absorbtion rate is related to lending. Loans above this amount have higher interest rates. They are above the Fannie Mae and Freddie Mac lending limits. Consequently many of the sales in the higher prices are cash. Not many people have that kind of cash available.
The other REALTORs who responded are correct we are seeing an increase in the number of sales of homes. Most of these sales are the lowest priced homes in their neighborhood (usually foreclosures) and at the lower price ranges.
The increase in home sales is a sign of hope. In time, as the lending industry stabilizes, interest rates on larger loans should come down as well, then there should be an increase in sales at the higher price ranges. Hang in there.
I help buyers and sellers in the West Orange County area, including Windermere. I will keep your home in mind for buyers looking for homes in your area. It looks like a wonderful home and with Butler Chain of Lakes access!
Believe it or not, we are in an active market currently. However, unless you are competitive with "short sales" and "foreclosures" you are in it for the long haul.
Today's buyers know there are many excellent buyer's opportunities out there and are shopping for deals(or steals.)
When buyers search the internet for homes itâ€™s about the area then bed/bath/size all in a price range they feel fits their criteria.
What a seller needs to do is jump out at them with features/appeal and if the home has little bling the price needs to catch their eye.
Today sellers need to look at innovative ways to sell, why not offer closing cost or a multitude of other options, and talk to your Realtor as them for out of the box ideas.
Good luck and if you would like a second opinion on your home please call anytime.
Take time to explore my profile located here on Trulia: http://www.trulia.com/voices/profile/Real_Estate_Pro-Orlando
Dave Lowe, Broker Two4One of Orlando
GRI â€“ ePRO â€“ GREEN (Designations)
Innovative / Save Money / Great People
Yes, people are still buying out there, but you really have to be motivated to reduce your price, look at the sold in your neighborhood by going to your county appraisal site to see how much homes that are about the same square footage as yours are selling for the past 2 to 3 months, that will help you sell your home and if not, it is either the condition or the marketing, you have to do some marketings as well as open house; I could give you more advices about selling, feel free to call me at 407-227-9588 or email me at firstname.lastname@example.org
Have a great night and I look forward to speak with you.
People are buying homes, especially now that the first time home buyers tax credit of $8K kicked in. If you have been on the market for almost a year, there is something wrong. Are you listed with a Realtor or have you been trying to sell on your own?
You need an unbiased opinion of your price, condition, and a thorough absorption rate analysis. If you are listed with a Realtor - ask them what they think the problem is. Most often agents don't want to hurt your feelings and may just go along with what you want. If you are trying it on your own, I would highly suggest using an agent.
This market is hard enough for us to sell in, and every month you stay listed, but not sold costs you a mtg payment because most of your payment is interest that goes to the lender and not principle to pay off the debt.
If you really need or want to move, it's time for a thorough talk with a professional who knows your area, the market, what is selling and a correct price range, along with some showing guidelines and is not afraid to tell you what you need to know.
If you would like to have me give you my opinion, I'd be happy. I was born here, and have sold real estate here since 1979. Feel free to call me at 321-228-HOME(4663) or send an email to PaulaBean@HomeOrlando.com.
This market is truley price driven. I know my personal listings are being shown. Our office showings are up and the way I understand the data, the Mid Florida regional pending contracts and sales are up and values are down. Talk with your Listing agent you may need an update on comps. It changes month to month.
With all that said Real Estate is very local and can change from even zip code area to another. It certainly is not business as usual. Ask for a trend report from your list agent so you can see the trends in your zip or area. You might be surprised. Short Sales are becoming more and more difficult to gain approvals on so I do not think short sales are the issue. I do know buyers are looking for REO or Bank Owned. I am not sure what all the buzz is about, the banks are not too flexible on offers but they do price them to sell.
I wish you well. Hang in there and ask your agent for an update or get another opinion. If you are priced right, give agents/buyers EZ access to show, and your agent is actively marketing that is the not so secret formula for a sale in your future!