How long did it take to sell your home in Orlando ? (Miami: days on market, for sale by owner)

[Keltay]

How was it for you guys to sell your home in Orlando ? How long was it on the market ?? I would love to hear your stories. Thank you !

[pianogal]

Our Winter Park home sold in one weekend at full asking price - we did For Sale By Owner and just put a sign in the yard...BUT that was in December of 2004. According to Realty Times website, the current DOM (Days On Market) in Orlando right now is 59 days.

I have been watching the homes for sale in our new neighborhood. We have a couple that have been for sale since April, I'm not sure why they haven't sold. Most homes seem to sale in about 2-4 months at least from my observation.

I have a little game I play. I find homes in my subdivision on realtor.com. Save them to favorites with the date added. Then I can tell how long it takes them to sell or see about how long they stay on the market. I can even track when they are relisted.

The funny thing is that I hear about how everything is too expensive and downsizing, etc. But the homes in my neighborhood that are selling quickly are the largest (4000+ square feet) and the most expensive (500,000 - 600,000). The smaller homes (1900 - 2800) seem to just sit on the market even though they are priced much lower (300,000-400,000).

A year ago ANYTHING in my neighborhood would go on the market one week and be sold the next! The market has definitely changed. BUT I know our community was besieged by outside investors. The day we signed contract on our home there was a couple there from New York. They simply walked through the model and said build us one just like it and FedEx the paperwork, our plane leaves in 2 hours!! As soon as that house was built, it went back on the market. A number of homes in this new community went back on the market the minute people closed on them. It will be interesting to see what happens when all those are gone.

[bamboosmom]

Originally Posted by pianogal

Our Winter Park home sold in one weekend at full asking price - we did For Sale By Owner and just put a sign in the yard...BUT that was in December of 2004. According to Realty Times website, the current DOM (Days On Market) in Orlando right now is 59 days.

I have been watching the homes for sale in our new neighborhood. We have a couple that have been for sale since April, I'm not sure why they haven't sold. Most homes seem to sale in about 2-4 months at least from my observation.

I have a little game I play. I find homes in my subdivision on realtor.com. Save them to favorites with the date added. Then I can tell how long it takes them to sell or see about how long they stay on the market. I can even track when they are relisted.

The funny thing is that I hear about how everything is too expensive and downsizing, etc. But the homes in my neighborhood that are selling quickly are the largest (4000+ square feet) and the most expensive (500,000 - 600,000). The smaller homes (1900 - 2800) seem to just sit on the market even though they are priced much lower (300,000-400,000).

A year ago ANYTHING in my neighborhood would go on the market one week and be sold the next! The market has definitely changed. BUT I know our community was besieged by outside investors. The day we signed contract on our home there was a couple there from New York. They simply walked through the model and said build us one just like it and FedEx the paperwork, our plane leaves in 2 hours!! As soon as that house was built, it went back on the market. A number of homes in this new community went back on the market the minute people closed on them. It will be interesting to see what happens when all those are gone.

Just the same where I am. Things were selling in days and now it seems everyone is selling especially the investors. Lots of homes now are going up for rent.

[ready2move]

same in Broward County...a year ago we could have sold in a day or two, with bidding wars, now looks like 3+ months. We don't have to move, just want too, so we listed with a discount realtor who puts it all the MLS's, books, websites etc...and know we will not give our house away.

Good Luck!

[Susan058]

My house has been on market abut 45 days. I'm in Osceola county, St. Cloud, the neighborhood is as desireable now as it was 7 yrs. ago when I was fortunate enough to bail out of Miami. Prop taxes- apx. $1,200. Ins- less than $700 (not in a flood plain), 3 mi. out of town in subdivision. It's frustrating. I don't think the media helps either. Yes, things skyrocketed last year, and I think now seller's have to be VERY flexible i.e. paying towards buyers closing cost, and gimmicks are everywhere. I saw a Harley Davidson being a bonus with the sale of house. I'm being told that now 3 mos. on market is not unusual. I actually expect it to be more. Wish I could have left a yr. ago.