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Orlando Real Estate
Pricing >Sellers Beware
Here is a scenario for sellers to avoid. You contact a real estate agent to list your home and the agent suggests that you might get more for your house than comparable homes on the market. The agent assures you that it only takes finding one person who is willing to pay your price!
Some agents approach a listing appointment as if they are bidding for your home. The unfortunate result is that you start out with an unrealistic opinion of your home's value. There is often a strong temptation to work with a person who says what you want to hear. An experienced, reputable real estate agent will back up their opinion of your home's value with hard data. The agent should give you information about the listing price of homes that are currently on the market, and recent selling prices of similar properties in your immediate area.
Even the most heroic marketing efforts won't work on a property that is obviously overpriced, (except in the most exaggerated of seller's markets.) Even if you find a buyer who is willing to pay more than your home is worth, the sale could fall apart when the appraisal comes in lower than the agreed-upon price. Listen to everything, but be careful!
In what 2003 comedy does a very large family move to a new house on Forest Avenue in Evenston, Illinois?
"Cheaper by the Dozen", starring Steve Martin, was actually filmed in a house in Los Angeles near the Farmer's Market.
Jane Slone Licensed Real Estate & Mortgage BrokerConway Realty Team , Conway Realty CorpP.O.Box 149385Orlando, FL 32814Phone: 407-380-0210Fax: 407-542-4493Email: ConwayRealty@NUMBER1EXPERT.com
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