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Most real estate agents will tell you that the best time to sell a home in the Orlando, Windermere, Winter Garden Florida areas is during the late spring and early summer months. When the weather turns warm, the vibrant growing season commences, and children can be seen playing happily in the yard, potential homebuyers really begin to connect with a house – even before they set foot across the threshold.
In real estate lingo, this is known as curb appeal.
Central Florida home sales have risen to over 2000 in a month, the most since August 2006. Realtors were apart of 2131 for sale transactions in Orange & Seminole Counties last month. June of 2008, this number was only 1489. The amount of days on the market in June of 2008 was 121 days, this past June, only 104 days. The inventory of a year ago was 24,575, now just under 17,831. This continues to be a great time for buyers of Central Florida real estate and buying a home for sale, we may never see rates this low again and still plenty of inventory to choose from. For those renting now would be a great time to buy a home.
Did you know the best chance for selling your property is within the first seven weeks? It’s true. Leasing a property is similiar in that the first few showings give the owner the best chance at leasing it quickly and for the highest dollar amount.
Studies show that the longer a property stays on the market, the less the seller / landlord will net upon the sale. It is very important to price your property at a competitive market value at the signing of your listing contract. The market is so competitive that even over-pricing by a few thousand dollars could mean that your house will not sell. Same with leasing a property.
The oldest use of the term “Real Estate” that has been preserved in historical records was in 1666. In other words, real estate has been around for a very long time. However, it is not going away! It will be around until the end of time. What a comfort that is. With the slump that is happening, it is a reassurance to know that even if the economy gets bad, real estate is here to stay.
Real Estate is a legal term, according to Wikipedia, that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is stationary, or fixed in location. The word “fixed” is the keyword here, meaning unmovable. Real Estate is here to stay!
Wikipedia also states that it has been argued that the word Real is derived from “royal”. For hundreds of years the Royal family and/or King owned the land, and the peasants paid rent or property taxes to be on the Royal’s land. Today, just like hundreds of years in the past, we pay property taxes, or rent to be on the government’s land or the Royal Estate. Isn’t it great to know that even though we do have to pay property taxes our homes are owned by us and not a king or government or royal family!
This article has been a little bit about the history of Real Estate, but thankfully there is a great future for real estate. Make your own future and invest in “Real” estate.
If you are looking for a home or selling real estate in the Orlando, Windermere, Winter Garden Florida areas then we can help!
What better way to start the New Year, then to bring confidence to our 2009 Real Estate Market. Ringing in the New Year being hopeful and optimistic will allow us to decide what we can do to improve our way of thinking about what is currently going on in the market. The New Year begins with us having a positive outlook and is a promising time for those of us looking to buy a home in the Orlando, Windermere, Winter Garden Florida areas.
Here are a few reasons to make a real estate investment in 2009: