First, the home is marketed to the buyer and then to the bank if a mortgage is required. Of course in a rising market, the real value of a home can get out ahead of comparable properties.
Value is and always will be what someone is willing to pay, not what a bank will lend right now.
Luckily in the Disney Area Market, especially in our vacation homes, we do not have this issue. There is plenty of inventory and most of it is overpriced. It is a buyer's market. But it won't always be that way. In Real Estate we like to say. "Time is of the essence". Waiting until next year to purchase that bargain second home will likely cost you more in many ways.
Give me a call to discuss our unique market. There really is no place like Orlando!Read more here...
Image courtesy of the National Association of Realtors.
Author:Lance Whipple PA Phone: 407-494-6030 Dated: April 21st 2016 Views: 381 About Lance: My name is Lance Whipple and I help first-time homebuyers, international investors, “active adults...
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EXIT Realty Champions', Champions Gate Real Estate Office, by Reunion Resort Orlando, is a full service Real Estate Brokerage Office in Champions Gate, Davenport 33896, next to Reunion Resort in 34747. Search for homes for sale with our Realtors, local experts in Champions Gate, Reunion Resort, Kissimmee and Davenport FL. This being the main area for resort vacation homes that can be rented out to meet the Disney World Orlando>, Universal Studios and other theme park market.
Alternatively, if you are looking for a new place to live, Our Realtors can help you find the perfect home in the Orlando, Kissimmee, Davenport, Clermont area known as the Four Corners, where Osceola, Lake, Orange and Polk Counties come together, Next to Disney and the Theme Parks.
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Rest assured that EXIT Realty Champions will Champion your housing needs, whether buying or selling one of the biggest investments you have, your home.
Orlando’s home sales dropped off more and home prices rose faster in
"Steve Humphries was great to work with. Personable and knowledgeable. He helped us zero in on homes that met our criteria for a vacation rental property and negotiate the minimum price that actually got us the house. It is now a profitable, positive cash flow property that has already had an uptick in value. Steve was very helpful to us as Canadians buying in the US in terms of providing advice we needed and accommodating our last minute travel schedule. I expect to use Steve again personally for any additional revenue homes in the Davenport & Champions Gate area and have recommended him to friends. Well done Steve!"