Century 21 TEAMCONNECT Dr Phillips real estate

Buyers are looking through homes in Central Florida's real estate market. TeamConnect work's in the Dr Phillips, Windermere, Orlando and Winter Garden communities and we have seen a drop in activity once school started but no where near last years decline at the same time going into the 4th quarter.

Just this past week there was a buyer that lost out on a home because of multiple offers and this morning I received a call from an agent that lost on a home in Windermere because of another offer coming in higher. Don't get me wrong its still a very strong buyers market but to the surprise of many buyers just starting out the homes priced attractive are going pending. No great big strides getting out of this housing crunch but more small subtle signs of recovery. The housing market came crashing down and will go up at a much slower pace.

If you are thinking of selling in the near future spending time up front will help immensely in the long run. First off, remember your home is a marketable commodity. As a seller your number one goal is to get other buyers to see your home as their next home, not yours. Simple repairs, depersonalize and landscaping can really give your home a heads up from the competition, many of which have been on the market over a year.

Realtors feel that it is easier to sell a home that has been "depersonalized". A depersonalized home will attract a larger percentage of buyers that can see them self living in the home, it's a numbers game. Take down family photos, knick-knacks, and clutter and start packing all unused items into neatly placed boxes, remember you're moving. This is a great time to think about your favorite charity and donate many of the things you end up seeing only when you do move.

Simple repairs help your home show better and sell faster. Concentrate on little fixes that make a big difference. Replace old caulk in the kitchen and bathrooms, get carpets cleaned or replaced, and touch up paint or repaint if necessary, it's cheap and gets you the best return. You may be able to find a company to purchase new carpet from that will allow you to pay 6 months later or when you sell. Don't forget about loose door knobs and get all doors and closets in working order, buyers will open them.

Be creative and make the rooms look as large and useful as possible. Use brighter light bulbs and open curtains to make rooms look bigger. Get rid of pet odors, we all know we can get used to pet odor if we live in the home so ask a friend to help out, to be honest and let you know if you need to do more. Don't forget about the landscaping, curb appeal is very important. Give your lawn the best cut it has ever had, trim trees and hedges, and be on the look out for sales on mulch and buy enough bags to give your yard and entry way that finished touch. Realtors spend a couple of minutes getting the door key from the lock box and buyers have a few minutes there, impress them with your neatness and uncluttered walkway.

Inventory levels are still at record highs so get a jump start on your competition and make your home show like a model. Buyers are picky these days and want the whole package; price, location and a home in great condition. We live one way but sell another, feel free to contact CENTURY 21 Elite Properties' TeamConnect for more information.

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This site will go more into detail explaining short sales. In short (sorry for the pun) a "short sale" is when the seller owes more for the home then the value plus any cost associated with selling. The third party approval the seller needs is the lender. The lender has to approve of course receiving less money back then the seller owes. You may wonder why the bank would take less money than is due, it's because if a bank goes through foreclosure the cost of the foreclosure will be added on top of the banks cost.

Many buyers looking for Orlando homes for sale start out looking at "short sales" for that deal of a century. Not uncommon though frustration sets in when buyers spend a lot of time and energy putting in offers and not hearing back and watching banks take other offers. One of the strategies agents take in short sales is to list the home under what a bank may accept, understanding no one knows for sure what that number is. What this strategy does is gets more buyers looking at the home and therefore more offers an agent summits for approval. The bank then waits for the best offer which many times can be over the list price. Don't get me wrong there are deals to be made in short sales but you need to be patient and also a little realistic of the value of a home. The bank of course is trying to get as much as they can for the home and are not willing to just give it away and would rather wait it out.

Really, some of the better deals can be BANK OWNED. Here there is no seller or I should say not your typical seller, the bank now owns the home. They tend to get back usually within 48 to 72 hours of an offer compared to 7 to 10 weeks for short sales. Other great deals can be found with your everyday motivated sellers and don't forget inventory homes by the builder (which are homes that are already built). I always recommend talking to an attorney with any real estate transaction.

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Cental Florida's Relocation Experts!

Central Florida's real estate market is primed for the picking with home prices declining the past few years. It was just a couple of years ago in the strong sellers market we would be calling on the way to homes we were showing that day just to make sure they were still on the market. Add to that the difficulty finding homes centrally located in the desirable areas like Dr Phillips, Windermere and Orlando, how things change.

Today and going into the next couple of months buyers relocating to the Orlando real estate market have a huge advantage over sellers. With the financial market in disarray a pre approved buyer can get a great deal in areas that where in high demand before the market down turn. The areas to come back first are areas and communities that were sought after before the strong buyers market.

Relocating to Central Florida or anywhere else for that matter from another state can be very nerve racking. All I have to do is go back to when I made the move years back. Being in the real estate business definitely helped but not knowing the areas, schools and prices put me in my buyers shoes. TeamConnect has a saying that we are your eyes and ears when it comes to real estate in Central Florida. You can rest assured and lean on us for all your relocating needs. Working with a team of Realtors that are good listeners with local knowledge and experience are qualities TEAMCONNECT feels are important.

If you are looking to relocate to Central Florida's Orlando, Dr Phillips, Windermere, Winter Garden areas just fill in the relocation form below and let the experts take this part of the move off your shoulders. CENTURY 21 TEAMCONNECT works with all the major relocation companies making sure we protect your benefits. For local sellers in Central Florida relocating TEAMCONNECT is trained to work side by side your relocation company taking care of all the paperwork and above all else marketing your home with the maximum exposure it needs in today real estate market, doesn't your home deserve it?

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Central Florida Buyers Relocation

Search Central Florida's Orlando, Dr Phillips, Windermere, Lake Nona, Winter Garden communities

Dr Phillips real estate is a highly desirable area of Orlando Florida even in this housing down turn, there currently are 69 homes under contract. Home values are still declining with so much inventory on the market but buyers are seeing value return. The problem is most of them need to sell in order to purchase. This past year if I had a dollar (inflation) for every listing appointment I went on and the reason for selling was to be a buyer in this market I would, well have a couple hundred dollars.

Home values have come down, now there needs to be a loosening of money (not give it away like in the past, if you can not afford to purchase a home you can not get a home) by banks tight lending practices. This will help buyerswho can afford purchase and get the real estate machine workng again getting sellers out of their homes and turning them into buyers.

The 4th quarter will again be a slow couple of months for home sales similar to last year but the end of January 2009 will start our spring market and again like last year we will see buyers coming out and homes going pending. By no means will be out of the woods for another couple of years, we came crashing down but going up will be small gradual healthy increases that will build the real estate market on a solid foundation.