About Orlando's Baldwin Park

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

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.

Only 1 luxury house sold this month, leaving behind 34 Active and 13 Pending Listings still waiting for their day in the sun.

The price for this house was lowered once to $615,000 and received 2 contracts. The second contract came 145 days after listing and closed 57 days later.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

If you want to sell your Baldwin Park FL Luxury Home, don’t be one of the late bloomers, not if you want to sell your house sooner rather than later.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

Don’t lose your home to foreclosure. These smart homeowners didn’t. Instead, they consulted a knowledgeable real estate agent who knew how to market and sell their house as a Short Sale.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

Because the payoff of a loan will be ‘shorted’ by a significant amount, the mortgage lender must approve a Short Sale. Handled properly, the likelihood of successfully selling your house as a Short Sale is high. Once the Short Sale is behind you, you can often get on with your life with hardly a backward glance.

A Short Sale is nothing more than putting your house up for sale in the usual manner, waiting for a qualified buyer just like any other home seller would, facing a few extra hurdles, filling out additional paperwork, waiting a bit longer for the closing to take place, and finally moving out and moving on.

Real benefits come with selling your house as a Short Sale. Among them are: 1) substantially reducing or completely eliminating financial liability, 2) minimizing damage to your credit rating, 3) emerging from bad credit quicker than you would with a foreclosure, and 4) having a sense of satisfaction that you’re taking care of the problem proactively and responsibly.

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.

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.