Orlando, FL

Baldwin Park Real Estate ~ The Odds of Selling Your Luxury Home in the Next 6 Months

11-21-09

Judy Chapman, REALTOR® ~ Short Sales / Luxury & Lake Properties

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Office: (407) 365-9090

Mobile: (407) 227-7763

Pricing your Baldwin Park FL luxury home — or any home for that matter — isn’t a science. It’s an art.

Except for the pragmatic few, homeowners getting ready to put their house on the market almost always overvalue it. Often this is due to emotional attachment. Sometimes it has to do with personal pride. But the most common reason homeowners leave plenty of negotiating room at the top is because they’re afraid. Afraid of making of mistake. Afraid of losing money.

Homeowners, though, fear the wrong thing. Getting top dollar is not the primary goal. Selling is.

This is where understanding current market trends can be helpful.

Homeowners making the all-important decision of where to position their Baldwin Park FL luxury home in a crowded marketplace should obtain an analysis such as the one below, which shows the price points at which most buyers are buying.

Baldwin Park FL Luxury Homes

List Price Ranges & Odds of Selling

List Price Range	Houses Sold	For Sale	Odds of Selling
$500-$749	10	15	67%	<———
$750-$999	8	3	266%	<———	*Where would*
$1000-$1249	0	3	0%		*you want*
$1250-$1499	0	5	0%		*to position*
$1500-$1749	0	3	0%		*your*
$1750-$1999	0	2	0%		*house?*
$2000-$2999	1	1	100%	<———
More than $3000	0	1	0%
All Luxury Properties	34	19	178%

Data drawn from the My Florida Regional Multiple Listing Service during a recent 6-month period in 2009.

In the case of Baldwin Park FL luxury homes, the best chance of selling is not in the middle price ranges, but in the lower and, ironically, the upper price ranges. Once a property exceeds a certain level, discriminating buyers with discriminating tastes don’t nitpick on price so much as on amenities, quality, location, and condition. Just make sure that when you do opt for a higher price point, your house won’t disappoint buyer expectations.

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Waterford FL Real Estate - Sales in October 2009

11-20-09

Judy Chapman, REALTOR® ~ Short Sales / Luxury & Lake Properties

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Office: (407) 365-9090

Mobile: (407) 227-7763

Want to know what’s selling in your neighborhood? These statistics should give you a feel for the market value of your house.

Keep in mind that many of these sales are for Short Sales or Foreclosed/Bank-Owned properties. Under these situations, the Sold Price may be considerably below the Original List Price. Sorry to say, ‘distressed’ sales drag down the values of all the other homes in the neighborhood, whether or not they’re Short Sales or Foreclosures.

Street	Date Sold	Original List Price	Sold Price	Beds	Baths	Sq Ft	Pool
GALBI	10/09/09	$201,900	$202,000	6	4	3514	N
SARCEE	10/05/09	$277,000	$209,000	6	2	3016	Y
CROWNCLOVER	10/02/09	$380,000	$244,000	6	4	4001	Y
ROCKLEDGE GROVE	10/05/09	$245,000	$231,800	4	2	2882	N
SHADOWBROOK	10/30/09	$335,000	$295,000	5	4	3436	N

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

If you’re a homeowner who wants to sell your house, the following should give you a better understanding of the Orlando FL marketplace.

Remember the old adage that ‘real estate is always local’. Your neighborhood may be different from the neighborhood just down the road.

Homes in Orlando are selling. In fact, they’re selling so well that thousands of homeowners just like you are moving out and moving on. Last year, 1,000 homes in Orange & Seminole counties sold every month on average. In 2009, monthly sales are averaging 1,600 homes. This represents a 60% increase! If the house down the street can sell in this difficult environment, so can yours.

What’s the long-term outlook for the Orlando FL real estate market? Prices have leveled off in recent months. Even so, due to rising unemployment and foreclosure/short sale saturation, it will probably take several years — perhaps as long as a decade or more — for home prices to completely recover.

What about homeowners who are having difficulty keeping up with mortgage payments but can’t sell because their house is worth less than the amount owed on their loan? There are several solutions, but the way a Realtor^® can help is by selling the house as a Short Sale.

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Bank Owned Properties - Sold in Orlando - Investors and First Time Home Buyers

11-20-09

Heather the Realtor. Orlando & Lake Mary First Time Home Buyers & Luxury Homes

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Office: (407) 810-6304

Mobile: (407) 810-6304

This month we have had the pleasure of helping many buyers purchase their first home to investment properties. As an reo listing agent I have the insider tips and tricks it takes to get my buyers deals accepted on bank owned homes in the Orlando area. Let's take a look at the amazing deals this past month that my buyers have had the opportunity in purchasing. Values represent homes in their current condition.

Address Purchase Price List Price Appraised Value

Beechdale Ct $50,000 $67,500 $85,000

Sugar Bend Dr $18,000 $30,000

Belhaven Dr $200,000 $200,000 $222,000

S Old Mill Dr $130,000 $135,000 $137,000

Cunningham Dr $38,000 $39,000 $46,750

If you are ready to purchase your first home or investment property allow Heather Joubran and her team at Heather The Realtor show you how they cannot not only get you the best deal on a bank owned home, but get that deal accepted. We have a long list of REO/ Bank Owned Properties in our own inventory for quick purchase too!

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Vote Early and Often

11-19-09

David Welch

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Office: (407) 629-6330 x399

Mobile: (407) 924-7670

You are running out of time to vote for www.RealEstateOptimist.com. Tomorrow is the deadline to choose David Welch's Orlando Real Estate Blog as the top real estate blog in Orlando. Google already says David Welch has the top two blogs for Orlando real estate. Check for yourself, just google "Orlando real estate," and see who has the top two spots. This is organic not paid results. Thank you for your vote.

Orlando Real Estate, David Welch Real Estate Optimist, As Seen on HGTV's House Hunters

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Orlando First Time Home Buyers - Dont Stress

11-18-09

Heather the Realtor. Orlando & Lake Mary First Time Home Buyers & Luxury Homes

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Office: (407) 810-6304

Mobile: (407) 810-6304

As a first time home buyer there are generally many stresses that come along with purchasing that first home, almost like planning a wedding. You want everything to be perfect, you want the whole thing to be beautifully orchestrated and when it's not just right, when one little thing goes slightly in the wrong direction first time home buyers tend to freak out and go into panic mode.

With the right Buyer's Agent in your corner this shouldnt be the issue. The Realtor is there to help asses your fears and the situation and disseminate the problem. A good agent often times wont even let you know the hurdles or problems that occurred just like a good wedding planner.

So here are some tips from working with hundreds of first time home buyers like yourself that might help calm your fears or anxiety.

1. Take a deep breath and step back for a second. There will most likely be a few events that arise in the process of purchasing your first time home that feel like major hurdles or road blocks. Remember when you have a good agent that is what they get paid to do is take care of those speed bumps and get you towards your finish line. So take a deep breath, now if your agent sucks completely freak out and RUN! (just kidding)

2. If you are unsure about a step in the home buying process or just want affirmation on purchasing your Orlando home ASK dont be afraid to speak up and say I dont understand or could you affirm something has been done, when will or should this take place. Sometimes even the best of agents can forget to mention something or often get caught up in their day to day Real Estate lingo and might say something you dont quite understand.

Remember no two deals are alike but your Orlando Buyers Agent has the training and knowledge to get you through your hurdles and on your way to home ownership. So it's important to not just choose any agent. It's important to interview the agent make sure you guys are going to mess and even throw in a scenario or two to see how that agent might react. You are spending your hard earned money on your new home and want to make sure your agent is working hard for you!

Heather Joubran 407-810-6304 Heather@HeathertheRealtor.com www.HeatherTheRealtor.com

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