The 7 Most Common Home Selling Mistakes

     

When Selling an Orlando Home Avoid These Common Mistakes

Setting the price on your own- The Orlando real estate market is constantly changing. Don’t think that you can determine what your listing price should be on your Orlando home just by going to Zillow. To come up with the true value of your home enlist the help of an experienced Orlando Realtor. Listing your home for the correct price from the beginning is crucial to a successful home sale. Failure to do so can result in longer than average days on the market which translates into less money in your pocket.

Pricing it too high from the beginning- If your home is overpriced you’ll get fewer showings because buyers looking for homes up to a certain price range may not even bother looking at yours. You will ultimately have to lower the price anyway to get it sold so make sure your listing price is realistically from the start.

Using an unusual listing price- When buyers use real estate search tools, they have to input ranges for example, “homes between $150,000-$200,000.” So if you set an unusual listing price, like $201,500.00 then you just might miss out on a potential buyer.

Overpricing on purpose- If you’re not in a rush to sell you may want to consider waiting to list your home until you are. Some homeowners adopt a strategy of listing it high thinking they’ll get the perfect buyer out of the blue that’s willing to pay a lot more than the home is worth because they’ve just fallen in love with the home and can’t live without it. This never happens! The fact is, the longer a home sits on the market the fewer showings you’ll get, and if it’s overpriced then don’t hold your breath for that fantasy buyer.

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Don’t get emotional- Remember, selling a home is just a business transaction so keep your emotions out of it. And never, ever walk around your house with a potential buyer, chances are you won’t have the same taste which can create an awkward situation for the both of you when they make a negative comment about your decor. Even if you get a low ball offer don’t take it personally. You should consider any offer a starting point for negotiation.

Not keeping it in good condition- Unless your home is a fixer-upper in need of major repair, make sure that it looks the best that it can. Having it clutter-free, clean and tastefully staged will go a long way in not only attracting more potential buyers, but also in getting top dollar and selling quickly.

Selling without a REALTOR- People who sell their homes “FOR SALE BY OWNER” stay on the market a lot longer than they should and sell for a lot less than those who enlisted the help of an Orlando REALTOR. By using an experienced real estate agent, you’ll have the peace of mind that someone’s in your corner looking out for your best interests as well as handling any problems that may arise throughout the transaction.

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Orlando Real Estate Market Still 5th In The Nation

Real Estate In Orlando Remains In Top 5 Markets For Investing

Are you looking for a great market to buy residential investment properties? Well, nothing’s a sure bet in this life, but the Orlando Real Estate Market  is one of the best in the nation for investing in single-family homes right now.

According to a list of the top twenty real estate markets for investing in the nation, Orlando comes in 5th place overall and number one in Florida.

The criteria that was used in determining was based on the growth of the population as well as job growth. Both of these circumstances are ideal for investing in single-family homes. All twenty of the markets that made the list increased in population by 2%.

 

Top 20 Real Estate Markets In The U.S For Investing:

  1. AustinRound Rock, TX
  2. HoustonBaytownSugar Land, TX
  3. RaleighCary, NC
  4. NashvilleDavidsonMurfreesboro, TN
  5. Orlando, FL
  6. Boise CityNampa, ID
  7. San Antonio, TX
  8. DenverAurora, CO
  9. CharlotteGastoniaConcord, NC
  10. North PortBradentonSarasota, FL
  11. Oklahoma City, OK
  12. PhoenixMesaScottsdale, AZ
  13. SeattleBellevueEverett, WA
  14. DallasPlanoIrving, TX
  15. OaklandFremontHayward, CA
  16. Fort WorthArlington, TX
  17. Las VegasParadise, NV
  18. Salt Lake City, UT
  19. San JoseSunnyvaleSanta Clara, CA
  20. San FranciscoSan MateoRedwood City, CA

 

Real Estate Agents In Orlando Are Elated!

Making #5 on the top twenty list in the nation is great press for attracting even more investors to the Orlando real estate market and Realtors in Orlando couldn’t be happier! Overall, most realtors have been busier this year when compared to the first quarter of 2014 and it’s because of the investor-friendly market we’re experiencing right now. Top Orlando Realtors are extremely busy right now with both buyers and sellers and will have to work even harder to keep up as we get further into 2015.

 

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7 Simple Steps to do Before Selling Your Orlando Home

Owning a home means that you are constantly doing maintenance as well as home improvements. There’s always something that needs to be repaired, replaced, or touched up. It’s lucky for us that these things happen at different times throughout the year, although sometimes it feels like everything happens at once.      Personally, I tend to procrastinate on the small things until there’s a whole bunch of little things that need my attention. These little things typically don’t get done until my wife decides to have people over the house. It seems that once I have a deadline for my to-do list, everything gets done on the same day.


When you’re selling your Orlando home, however, you should keep it in tip-top shape at all times, even the little things. Research has shown that you will not only get more money for your home but it will actually sell faster if you follow the steps that I’m about to outline for you below.  

1- Cleaning and De-cluttering: This is absolutely the most important thing you can do to improve the overall appearance of your home. As a matter of fact, if you can only do one thing on this list, this should be it. It’s hard for buyers to see themselves living in the home if it’s filled with wall-to-wall stuff everywhere. I would start by moving any large items into the garage that are making the house look smaller or just seem out of place or in the way. After the big stuff is gone, it’s time to clean like you’ve never cleaned before. I’m not talking about your routine cleaning, I mean deep cleaning everything including cabinets, walls, carpets, ceiling fans, fixtures, and whatever ever else can be cleaned.    Removing personal items like family portraits is also a good idea so that potential buyers can envision how their things will fit into a space. Also, you should lock up any guns, medicine, and valuables. Assume that every door and every drawer will be opened up by a stranger.    

2- Maximize Your Curb Appeal: That old saying ” never judge a book by its cover” doesn’t apply when selling Orlando real estate. One saying that does come to mind however is “the perception is the reality”. That means that whatever people perceive to be real is actually real to them.   The front door should make a statement by looking sharp and freshly painted with a color that pops. Keep your lawn and shrubbery perfectly trimmed and plant a few colorful flowers near the entrance. You should also pressure wash the entire house if possible or at the very least, the front.    

3- Fix It If It’s Broken: Assume that a prospective buyer will notice every detail. Don’t leave anything to chance, fix that leaky faucet or cracked window. If buyers notice that little things are in disrepair, they will automatically assume that the regular home maintenance has been neglected. The last thing buyers want is to move into a home and then have to make a bunch of small repairs to it. You should also take into account that buyers will tend to overinflate the price of repairs which may cause them to put in a lower offer.

4- Fresh Paint: There’s nothing like a fresh coat of paint to give your home a facelift. The painting will give you by far the biggest bang for your buck. It’s relatively cheap and makes the biggest impact on the overall appearance of your home. Stick to neutral colors like white and off-white. This will give it a clean elegant look and can be easily painted over by the new buyers if they wish.    

5- Make It Smell Good: Sometimes real estate agents will bake fresh cookies during an open house so that when you walk through, it makes you feel warm and fuzzy inside. You don’t have to go that far or you’d be baking cookies every time there’s a showing. You should, however, make sure that there aren’t any undesirable smells in the air like animal odors. Make sure that the house smells fresh and remove any evidence of pets like litter boxes, pet beds, etc if at all possible. It’s also a good idea to take the pets with you during showings. If that’s not an option, then I would suggest keeping them in the garage or a  crate during showings.

Cigarette smoke is also a big one. I’ve had clients not like a house solely because it smelled like cigarettes. If someone in the house is a smoker, I would highly recommend telling them to smoke away from the home from now on. Smoke tends to attach to curtains furniture and carpet. Unfortunately, getting smoke odors takes a lot more work, like having your carpets, furniture, and curtains shampooed. 

6- Windows: You don’t need to replace your windows unless they’re in bad shape. You should at least make sure that they are spotless inside and out. The same goes for the blinds and curtains. If they are in rough shape, consider replacing them or if you can’t afford it, just remove them together.

7- Lite Staging: This is an important one. I’m not saying that you should hire a professional stager to come in and re-furnish your whole house for the purpose of selling it. As an Orlando listing specialist, I also have experience in staging homes by using the existing furniture and other items in your house to make it look its best for potential buyers.

By following the steps outlined above, you will put yourself ahead of the game when it comes to getting your house sold fast for the highest amount possible.

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