Real Estate Market (Orlando, Tallahassee, St. Cloud: appraise, insurance, showing)

[jbravo]

Originally Posted by DadofTwo

thanks for the adv ice.....we just dropped our price by 10,000 so we hope that helps......we dol plan to offer the buyer some kind of incentive.....any ideas on ways to ,arket the house beyond the mls? thanks.

Yeap, Lessburg Daily Commercial Fri-Sat-Sun for 4 weeks for $60 total.
Nice For Sale sign.
Offer help on closing costs, not a plasma or such nonsense.

[JSnFla]

to sell a house in florida today u must drop the price to what it was worth around the year 2002 before all the unrealistic shenanigans took place in florida real estate. the so called boom which said your home was worth "x" amount means nothing. no one will buy your house anywhere near that "x" amount. u have to backtrack to what its really worth and what people can afford to pay. your house was never worth that inflated "x" amount so i dont know why these people are trying to sell for it.

[Floridian to relocate]

look at the words can not afford . that is what is wrong .people come on here who have no idea about houses and how to go about buying one. they say they are renting for now bs they just can not afford it . so they like to run anyone down who is trying to sell so they can move on

[firemed]

For people to move to Florida most have to sell homes up north to buy here. But when The chief economist for the NAR is walking away thats bad news. This will be more jobs lost. The market is bad all over but Florida had alot of speculators who bought houses at inflated prices to flip for profit and now we all will pay the price for it.

We’re in a real estate recession,’ said David Lereah, chief economist for the National Association of Realtors, who surprised many this week when he announced he would leave the Chicago-based trade group on May 19. ‘I’m projecting the first [nationwide] price drop since the Great Depression,’ he said. ‘We’re going to have negative home prices in 2007.’”

“‘He promotes housing,’ said Washington economist Dean Baker. ‘Certainly, people who were making decisions to move, they either heard David directly or from someone who heard from David that home prices will never fall, don’t worry, the market will stay strong. So they paid too much for a house.’”

“Lereah, in an interview Wednesday, shrugged off the criticism. ‘I feel confident I did a very good job forecasting and reflected what was happening in the marketplace,’ he said.”

“‘If anybody actually took the time to read my book, rather than just comment on the title, I was insistent in it that…a frenetic boom was unsustainable. I predicted a downturn [would occur] shortly after I wrote it, in 2005,’ he said.”

“Lereah said the market overheated primarily because of lax lending practices and record numbers of speculators who bought houses at inflated prices to flip for profit, though others share the blame. ‘It’s easy to say with 20-20 hindsight,’ he said. ‘We’re all partly guilty. But the lenders and the speculators, they had the most in it. Making zero down payments with no documentation, that’s just irresponsible.’”

“‘But the Realtor, the lender, the title attorney, they all got wrapped up in the frenetic pace of the boom,’ Lereah said.” “He has one more public appearance, at a Realtors’ conference in Washington. He warns that his speech will not be cheery.”

“‘I am going to say, look, guys, we all have to face the music,’ Lereah said. ‘We strayed from [economic] fundamentals, and we’re paying for it. It’s not an all-out bust, not a crash in real estate, but it is a recession. This is going to cleanse the markets and in the long term this is what we have needed.’”

“In characteristic cheerleader style he demurred when asked whether he ever felt pressure from within NAR to skew forecasts in a positive direction. ‘You’ll have to talk to me about that in two or three weeks,’ Lereah said. ‘I work for NAR now.’”

[Jammie]

Originally Posted by jbravo

Yeap, Lessburg Daily Commercial Fri-Sat-Sun for 4 weeks for $60 total.
Nice For Sale sign.
Offer help on closing costs, not a plasma or such nonsense.

Great idea~about the place to advertise it. (Not about the free plasma tv~that's inviting.) I read that paper online a lot.

Also there's Ocala4Sale~no idea of the price to advertise.

There's also Orlando4Sale~again, no idea of the cost.

But I have seen homes in Dunnellon, Fruitland Park, etc. in Ocala4Sale.

And lowering the price was also a great idea. It may be a while before the prices are the way they were last year and if you want to leave, that was a good move.

[Annie31]

Ocala4Sale online I believe is free to place a ad and it would be a good idea and another that comes to mind is to list it on Craigslist with some pictures alot of people look on there. I wish you luck!

[umscats]

Besides MLS you have the local papers and papers not so local, how about listing it in the NY Times or some other big northern city newspaper, even newspapers in other countries. The Miami Herald or Sun Sentinel [for Broward County] may be a good place to list it as well as people seem to be leaving south FL in droves.

If you don't have a realtor working for you, ForSaleByOwner has a website and home tours that prospective buyers can click on to see inside your home as well as outside. They're pretty neat.

Good luck!

[HisaRania]

You might also try the Real Estate section of Craigslist.com, there are a lot of people advertising there and it's free.

Also make sure that your realtor is marketing to other realtors, not just through the MLS but actively, as many realty companies try to keep their listings in the office.

[carolac]

I'm wondering why some houses sell more quickly than others. For example, on my street, every time a house has gone up for sale, it's gone within 30 days. Most recently a 3/2 that needed some help went for $201,000 and another 3/2 that had a little nicer curb apeal went for $235,000. Yet, a little nicer houses on the next street over in the same subdivision have not at all moved--some on the market for several months even with one homeowner offering to pay 6 months of mortgage paymnts for the new buyer.

Any ideas why that is?

The local paper had an article that sales in May are picking up, but only because homeowners are dropping the prices. But I look at the prices of the houses and they're not too significantly lower--not 20% for example.

[Michele Artman]

I hope not to sound too discouraging to you, but the reality is, it is going to take months maybe several months to sell. The truth is that there are just too many homes on the market right now. I have a home that has been on the market for 8 months that sits on the Clermont Chain of Lakes with three docks and lake access. It has good curb appeal, the inside is clean and I have lowered the price twice, along with having what I feel is a very good local realtor. If your home is priced in the mid $200's then it will sell sooner then others. The buyers have the upper hand right now and once they make an offer and you counter offer back to high, they are turning and walking away. BE PREPARED TO LOWER YOUR PRICE IF YOU WANT IT TO SELL FAST.