It’s a scary time to purchase Real Estate!
October 11th, 2007 by ckulikowskyThere are some general rules that if you follow when making a decision to buy or sell Real Estate in the Orlando Florida that you use to ensure that you make a sound decision.
Times might be uncertain, but that doesn’t mean it is a bad thing….
There are some general rules that if you follow when making a decision to buy or sell Real Estate in the Orlando Florida that you use to ensure that you make a sound decision.
What do we mean by this? Well let’s look at a few statements:
- "I am not going to take a $x,000 loss on my Orlando Florida home!"
- "I am not giving my Orlando Florida home away!"
- "I don’t want to buy until the absolute bottom of the market"
These are things to think about when you are trying to decide if now is a good time to purchase an Orlando Florida home or sell your Orlando Florida home:
- We understand that you want your home to net the highest amount but sometimes you need to look at what is really going on in the market. That amount in your head is just that. Look at what has sold recently and what is on the market. Make sure that you are the best property in the bottom 25% of those listed.
- Seller’s tend to be 6 months behind what is going on in the market. So make sure that you always look at where the Orlando Florida market is headed, not where it has been.
- Been on the market for 3 months with no activity? Our best advice ~ Cut your asking price and get your Orlando Florida home SOLD!
- It doesn’t matter if you are buying or selling Real Estate in the Orlando Florida area, make sure that you plan for the worst case scenario. Can you afford it? Are you stretching beyond your means?
- Buyers afraid of purchasing before the market "hits bottom"? Well think about the possibility that you could end up having to purchase less of a house because interest rates go up when you perceive that the market has hit the bottom.