Central Florida Real Estate Market Recap - October 2020
Posted by Florida Realty Marketplace on
Low Inventory of Homes for Sale Continues to Drive Up Orlando Area Home Prices
September 2020 Recap
Orlando-area homes continue to fly off the market this fall, as inventory remains tight, according to a new report from the Orlando Regional REALTOR® Association. Monthly housing report data from September 2020 reveals fewer homes and higher prices than last year (September 2019), with a 23.3% drop in inventory and a 10.2% increase in the overall median home price to $270,000.
"While spring is usually the busiest time for home sales, fall seems to show no signs of a slow-down. COVID-19 has changed the dynamic for 2020. We have seen mortgage rates continue to decline to an average of 2.74%, giving buyers additional incentives…
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Let’s say you found your dream home for sale in Davenport, FL. It has everything you’ve been looking for. You put an offer on the house, escrow opened, and the inspection shows the home is in excellent condition. However, when you receive the appraisal results, the value is some number less than the agreed-upon purchase price. What should you do?
Is now a good time to sell your house? That’s what many people are wondering during this seller’s market. With so many people wanting to buy a house right now, many people are considering if they should sell their home. Maybe you have considered putting your house on the market while you look for homes for sale in Charles Cove. Whatever your reason is, you want to make sure you get more money out of it than what you paid for.
House hunting is exciting, but the process of purchasing a new home can also be nerve-wracking. In a seller’s market, many buyers will find a house they really like, but then become anxious as they are not sure if their offer will be accepted by the seller.
An old adage states that the three most important factors in real estate are location, location, and location. At Florida Realty Marketplace, we believe that there’s a fourth factor that is far more important: providing high-quality customer service to our clients. Whether you’re looking for homes for sale in Windsor Island Resort, or you’re looking to sell your property, the real estate process can be intimidating and confusing. If you’re looking up how to "sell my house", check out these eight things that our realtors do to properly represent the seller and negotiate the best deal.
When someone mentions an HOA, most people immediately think of busybody neighbors handing out fines and making ridiculous demands. However, this reputation is very undeserved. While there are a few bad HOAs out there, far more of these Homeowner's Associations are very helpful, keep neighborhoods looking great, and provide outstanding amenities. If you purchase one of the homes for sale in Winter Haven, FL that is in an HOA, you may have questions about the fees you're asked to pay. Here's a breakdown of what the HOA fees do and why buying in a neighborhood with an HOA is beneficial.
After the negotiations, the inspection, and the appraisal, the final walkthrough may seem anticlimactic. After all, by this time, you’re almost to the finish line. You’ve likely been through the house several times, so you have a really good idea of what you’re buying. But the final walkthrough is more than just a formality. It’s also not something you should skip or go through quickly. Even if you’re buying new construction homes for sale in Windsor Island Resort, it’s still important to treat the final walkthrough seriously. Here are a few things you should keep in mind about this process.
Typically when a home buyer is looking, they are looking buying new construction or perhaps buying a resale home. There are benefits to both, but before making a decision, you should learn about the costs involved. Would it be cheaper to build a new home, or should you consider buying one of the resale homes for sale in Kissimmee FL or other parts of Florida? Let’s take a look at the costs of each so you can make an informed decision.
While buying a home is likely the biggest purchase you’ll ever make, you still want to feel like you’re getting a good deal. Most buyers, especially first-time buyers, want to submit an offer that’s under the asking price. There can be many reasons for doing so, and those reasons are often very valid. However, you want to make certain you’re not submitting a low ball offer that the seller will simply dismiss right away. You want to be strategic in crafting your offer. For example, it's unlikely that you'll get any price discount on homes for sale in Charles Cove because they are new vs a resale home in Davenport. Here are some tips for getting the best deal.