It is time for some tough love, here. Your home does not fit in with other Orlando homes for sale. It doesn't play well with others. When you put it on the market, you priced it greater than 8% higher than the other Orlando homes for sale. Frankly, it is a market bully.
Look, I understand that you need to take advantage of out of your investment. Perhaps you've done some serious transforming that you feel warrants the price hike. I'm not putting any of that down, however I might be doing you a disservice if I let you ignore the facts.
" There is no longer a federal tax credit to entice buyers and get them interested.
" Your house is competing with several foreclosures - a lot of which are priced as little as the lender can handle.
" The longer your house sits on the market, waiting for a buyer, the harder it is going to be to truly entice a buyer.
" There is a little or no incentive for buyers to go out and buy now, especially higher priced homes.
" Mortgage rates are low, however lender qualifications are a lot tighter now.
Any seller hitting the market in today's financial system has choices: wait or cut your losses. They aren't fairly choices, but life is seldom convenient, no matter what commercials say.
If selling your home isn't an absolute necessity, contemplate the truth that it would serve you better to hold in there. If you do not have a compelling motive to place it on the chopping block, don't.
If you must sell your house, do not let it's a market bully. Price it in keeping with the local market, not the price of a home across the country. On this case, you want your house to be part of the "in" crowd. Listen to your real estate agent's recommendation and use the data she or he supplies in the Comparative Market Analysis to set the very best price.
With the way the economy is now, you can guess that owners of competing Orlando homes for sale are serious about selling. The competition is hard, so, when pricing, be kind to your home and price it low enough to sell.
Author Resource:
Orlando Realty Experts .com is one of the leading team of Orlando Realtors , in Orlando real estate, Orlando MLS , Orlando short sale and Orlando homes for sale.
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