Any ones home sell? (Orlando: second mortgage, home equity loan, real estate)

[sunandsand4me]

As a buyer, when I can see on Zillow that someone paid 105,000 in 2002, I refuse to pay 250,000.00 now. I now the market is coming down, and I'll wait! I'm glad for those who made money in the boom, but it wasn't mine!!! And, for those who are selling at a loss, my heart breaks. That would stink!

[bdpop]

A lot pf people can't afford homes on the lousy Orlando pay!

[Dee2e]

Originally Posted by AJ67

We had our home on the market for 5 months and took it off the market NOTHING is moving out here in Poinciana there are far to many Foreclosure homes out here which will just drive our asking price to far down to buy another home.. so we will try again if the market ever shows its getting better

While there are many foreclosures and preforeclosures out there, 79 homes in Poinciana closed in the last 90 days per the MLS, this does not include for sale by owner homes.

There are 44 pending contracts as of today in Poinciana in the MLS.

[bcfarmlady]

Originally Posted by cmj_fla

My parents home has been on the market for 4 months and has only been showed once. They have lowered it below 200K (1700 sq 4bed/2bath) and still no bites. There Realtor is partly to blame I think but its still TOUGH out there right now!

I feel their pain. We've been on the market since July 1... ONE phone call... NO VISITS. We are also below 200K and 1848 Sq Ft. Don't HAVE to sell, but we want out. We have property in KY and a new home under construction there.

Contract runs out in January with this realtor and we are very seriously thinking of interviewing for a new one as this one doesnt' seem aggressive enough for our location.

[Dee2e]

Originally Posted by cmj_fla

My parents home has been on the market for 4 months and has only been showed once. They have lowered it below 200K (1700 sq 4bed/2bath) and still no bites. There Realtor is partly to blame I think but its still TOUGH out there right now!

FYI, there are over 475 4/2 homes in Poinciana on the market in the MLS! If I search for 1600-1800 sq ft, there are 94 homes on the market, 66 of them are under $200K, and the lowest price is $119,900. The average time on the market in that area is higher than the area average of 122 days.

There are new homes on the market in Poinciana or right up the road from it that are bigger and less expensive and the builder is paying closing costs! It's very hard to compete with builders giving away so many incentives.

[CURT]

Originally Posted by sunandsand4me

As a buyer, when I can see on Zillow that someone paid 105,000 in 2002, I refuse to pay 250,000.00 now. I now the market is coming down, and I'll wait! I'm glad for those who made money in the boom, but it wasn't mine!!! And, for those who are selling at a loss, my heart breaks. That would stink!

Zillow may show what someone paid for the house but it doesnt show if there is a second mortgage. my house shows i paid 90k for it 16 years ago. you wouldnt know there is a second mortgage on it also.

[cmj_fla]

Originally Posted by Dee2e

FYI, there are over 475 4/2 homes in Poinciana on the market in the MLS! If I search for 1600-1800 sq ft, there are 94 homes on the market, 66 of them are under $200K, and the lowest price is $119,900. The average time on the market in that area is higher than the area average of 122 days.

There are new homes on the market in Poinciana or right up the road from it that are bigger and less expensive and the builder is paying closing costs! It's very hard to compete with builders giving away so many incentives.

There home is closer to downtown Kissimmee than Poinciana. How did you get these numbers.... it would be helpful to show them. Thanks!

[cmj_fla]

Originally Posted by bcfarmlady

I feel their pain. We've been on the market since July 1... ONE phone call... NO VISITS. We are also below 200K and 1848 Sq Ft. Don't HAVE to sell, but we want out. We have property in KY and a new home under construction there.

Contract runs out in January with this realtor and we are very seriously thinking of interviewing for a new one as this one doesnt' seem aggressive enough for our location.

That is the problem for them too - their realtor just wants to bring the house down and not market it. Its on the MLS but that's it! No open houses, no adds in the papers or online. You really have to get it out there and shine for people to notice it.

[Dee2e]

Originally Posted by cmj_fla

There home is closer to downtown Kissimmee than Poinciana. How did you get these numbers.... it would be helpful to show them. Thanks!

These numbers are from our MLS. They are accurate. You can only get them if you are a board member.

[the 7 oh 4]

Considering moving to Florida. Maybe now is the time. Maybe it is a buyers market.

Just sold my Townhouse (here in Charlotte NC) in under 2 weeks. This area is booming, but I am sure they will also feel the slow down at one point. Alot of Floridians are moving here as well as people from the north and out west.

Maybe I should rent for 6 months and see if Florida is for me. I have 2 friends that live in South Florida (1 in Sunny Isles & 1 in Manalapan) and they say DON'T move to Florida.

Why is everyone that is a transplant uphappy with Florida (or at least alot of them). We have rude people, traffic, drugs, murders, drive bys like any other city of the same size, but in areas that yuo have no reason to go to.

HAPPY HOLIDAYS!