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Asked by Iain, 33897 Mon Oct 27, 2008

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Answers

6
Avi Maganda, Agent, Apopka, FL
Mon Dec 8, 2008
Yes, Bill is right! I have 2 listings in Davenport and all the sudden since last week December started I received a lot of e-mails from snowbirds from out of state and when I went to show these properties I noticed and increment on people showing these listings and others. It is also important to comment that there were somo Golf events at Champions Gate area, and some of the prospects come this time of the year to Disney special Holiday events. However, the prices are lower than before. I have a listing 2006 single family for 120k and another single family for 80k that I just put under contract couple days. If you need to net more of what the prices are now, do not waste your time and instead of placing a sign for sale, place a sign for rent and get income while waiting. I can help with that too. For reference of the prices and condition of the houses that are for sale I include a link with virtual tours of the properties that I was talking about. Good Luck! http://ShortSalesOrlando.com
Web Reference:  http://www.Orlando-Relo.com
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Bill Eckler, Agent, Venice, FL
Mon Dec 8, 2008
Iain,

Without a doubt the best time to sell is now....... The months between December and may are typically our high volume sale months while the slowest is September.
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Iain, Home Seller, 33897
Mon Dec 8, 2008
Many thanks to Trey, Jim and Avi for their comments.

I think for me personally I'd like to sell because owning a home in Flordia is just not something I want to spend my time dealing with, in other words it's a 'hobby' that just 'isn't for me'.

However the thought of selling in the middle of a 'fire storm' or getting involved in complicated 'rent to own' or 'creative financing' schemes doesn't appeal either (anyone feel that such terms sound a bit 'Enron' and probably account for the state of the US and World economy in the first place ?).

As my mortgage has dropped by over 30% in the past 12 months I think I'll just muddle along until some sense and reality returns to the market and look to sell then.

Thanks again

Iain
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Trey Miller, , Tampa, FL
Tue Dec 2, 2008
The best time is to get the property on the market is as soon as possible. In my opinion we have not quite reached a bottom for home prices in most of Florida. So, you can sell it now or wait and sell it for less later. If it is properly priced and marketed professionally and aggresively you can sell your home in any season.

As for rent to own and creative financing as was posted by Jim, I would be very careful. I have yet to meet an agent that has had a rent to own (i.e. lease option or lease purchase) work out. Owner financing could be an option but make sure you are comfortable being a bank which could include demanding late payments and fees and possibly foreclosure, not to mention qualifying the buyer in the first place.

Good luck,
Trey Miller
Web Reference:  http://www.TampaTrey.com
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Safe Rent To…, , Rochester, NY
Tue Dec 2, 2008
hey Iain,

The first answer was correct in traditional selling. However if you are open to Rent To Own or Creative Financing there is no ideal time. You can sell whenever and regardless of the season or the state of the economy or the real estate market.

In floriday there is definately a buyers market where you may be pressed to take a significant discount but you dont have to. If you are open to creative financing ther are lots of other options you may have to close quickly, get some cash quickly and get away from the burdens that can come with long distance ownership. Let me know.

Jim
SafeRentToOwn.com
Web Reference:  http://www.SafeRentToOwn.com
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Avi Maganda, Agent, Apopka, FL
Mon Dec 1, 2008
Traditionally, when kids are out of school, which is: June, July and early August. Lowest: Late August, December.
Actually, everything has changed! It all depends on what media is saying...
If you are selling, a sign in front of your yard is better than no sign!
Web Reference:  http://www.Orlando-Relo.com
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