Beyond condition and pricing, financial constraints on a property play a significant role in how long a home is on the market and how long it takes to close.
If you are one of those few homeowners in the enviable position of owing less on your home than its current market value or can afford to bring the cash to cover the deficit, you are at a distinct advantage over those short-selling their homes.
Here's some information for the area bordered by I-4, OBT, 50 and Maury and W. Par in the past 90 days:
Total sales: 51 Days to contract: 114 Days to close: 172
Short Sales: 15 Days to contract: 145 Days to close: 245
No Special Sale Provisions: 33 Days to contract: 103 Days to close: 144
Fortunately, there have only been 3 REO sales in CP (73 and 116 days respectively).
A 2/2 is at a disadvantage to the market, as a majority of buyers seek a minimum of 3 bedrooms, but extra features like a garage or outdoor living spaces or recent "upkeep" renovations like a roof replacement can balance this out.
Every home is unique, and there is a unique buyer for every home.
If you'd like to discuss you options with information more specific to your home, I'd love to help you in your decision making process.
Feel free to drop me a line
Century 21 Professional Group, Inc.