How to Sell your House by Yourself in Orlando: A Short Guide - written by Eugene Hoffman

How to Sell your House by Yourself in Orlando: A Short Guide

The City of Orlando is nicknamed “The City Beautiful” and its symbol is the fountain at Lake Eola. Orlando is also known as “The Theme Park Capital of the World” and in 2014 its tourist attractions and events drew more than 62 million visitors

Selling your house is something you’ll have to do maybe just a few times in your life.  And unless you know a local Orlando real estate agent who will sell your house for free or a hugely discounted commission… it can be a real pain in the rear and an expensive process for you as well.

So… you landed on this page about “How to sell your house by yourself in Orlando Florida” because of a few reasons I’m guessing…

• You have no or very little equity in your house so you can’t afford to pay a real estate agents commissions
• You have equity but want to try to save money selling the house yourself before you resort to hiring an agent
• You’re in foreclosure (or heading that way) and just need to sell fast without incurring thousands in agent commissions
• You can’t wait the months and months it sometimes takes to sell a house in the Orlando area in this market so you want to try to sell it more quickly

Whatever one you land in… there are ways to sell your house yourself here in the local Orlando real estate market.

Since 2013, the housing sector has been experiencing a major recovery. Selling your house at this time will definitely be profitable if you do it right. In most cases, it is about using smart marketing strategies and being realistic about your expectations on what you want to achieve with this sale.

This article will provide some guidelines to help you sell your Orlando area house yourself.

How To Sell Your House By Yourself In Orlando Florida – Let’s Dive In

Know The Orlando Real Estate Market Well 

The first and most important step is doing a market research on your neighborhood in the Orlando Florida area. This step involves visiting various home marketing sites (Zillow,Eppraisal the Chase home value estimator, etc), calling a real estate agent or two to see what your home is worth, or reading about the various market pricing techniques.Proper homework on these issues will allow you to come up with a right price for your house and also helps you to avoid making certain selling mistakes.

If you don’t want to hassle with trying to come up with a home value yourself… give us a call at (407) 781-7312 and we’ll give you an honest fair valuation of what your house is worth on the retail market (if you’re going to wait the 3-6+ months to find the perfect retail buyer). And if you want to… we’ll make you a fair all-cash offer on your house to give you that option of selling quickly (we can close in as little as 7 days if you want to).

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Brooklyn Is Now the Least Affordable written by Jacob Davidson

 The study gauges affordability by measuring the percentage of the locality’s median monthly household income that is required to make monthly payments on a median-priced home in the area.

This study was based on a study of 475 counties in the United States. The statistics I have read about other parts of the world is most of the US single family homes are currently still affordable as compared to the worst three markets I have read about. Hong Kong, Canada (Vancouver, Toronto and Calgary) and London are much less affordable than most of the United States. It appears I need to study more about New York because prices have risen so much in the last eight-teen months.
Gene Hoffman

Read More by Mr. Davidson.

 When RealtyTrac ran the nation-wide numbers in October, payments on a median-priced home required 26% of the average household income. In Brooklyn, by contrast, where the median home costs $615,000 and the median household brings in only $46,960, home payments take up about 98% of a regular family’s wages. That’s less affordable than Manhattan — and even than San Francisco, where half of all homes sell for $1 million or more.

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Short Sale Valuation Problems by Realtor.org

 In this article it directs a Realtor to the necessary online form to dispute a valuation of a Fannie Mae listing price. Fannie Mae is in a fight against investors. Fannie Mae is helping the Banks sell their foreclosed properties at a much higher price to first time home buyer than the property is really worth. Invests will not pay the high  price of HomePaths' homes. Realtors have the right to dispute the value and a good Realtor should help an investor that wants to buy it.


January 23, 2013

Beginning in the latter part of 2012, a number of REALTORS® across the country reported that Fannie Mae had started jeopardizing short sale transactions by requesting purchase offers at significantly higher prices than market values. REALTORS® continue to report that Fannie Mae’s actions have led to a decrease in the number of Fannie Mae short sale transactions, an increase in the number of borrowers going through foreclosure producing further negative effects on surrounding property values. As a first step to address these concerns, Fannie Mae expanded its online HomePath for Short Sales tool to help speed up its escalation process in order to review problematic transactions more efficiently.

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The Boom And Collapse Of America's 'Subprime Generation' by Chris Porter

Talk about an amazing reversal of fortune! This may be the most amazing, underreported demographic fact today.

• 30-34 year olds in 2012 had the lowest homeownership rate of any similarly aged group before them!
• Five years prior, this exact same group had the highest homeownership rate at 25-29 years old than any group before them!

Read more: http://www.businessinsider.com/home-ownership-rates-by-demographic-2014-1#ixzz2rKN2PBhb

Vancouver’s housing prices 2nd most unaffordable in the world By Peter Meiszner

An urban planning think tank says Metro Vancouver has the second-highest housing prices in the world when compared to local incomes.
Demographia compared urban areas with over 1,000,000 residents in OECD countries around the world.
They say Vancouver’s “strong urban containment policies” have caused the city’s affordability to “deteriorate markedly.”

The average house price in Metro Vancouver is $670,300, which would require 80 per cent of the average median household income to service the mortgage. That’s more than 2.5 times the 32 per cent guideline set out by Canadian Mortgage and Housing Corporation.

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UPDATE 2-IMF sees higher global growth, warns of deflation risks By Anna Yukhananov

WASHINGTON, Jan 21 (Reuters) - The International Monetary Fund raised its global growth forecast for the first time in nearly two years on Tuesday, saying fading economic headwinds should permit advanced nations to pick up the mantle of growth from emerging markets.
But the IMF warned richer nations were still growing below full capacity, and it added the specter of deflation to its long list of risks that could derail the nascent recovery.

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Sadly a lot of Homeowners are going to hear this soon.

Over the life of the government’s Home Affordable Modification Program (HAMP), 1.25 million homeowners have received permanent HAMP modifications, and so far 27 percent of those have later re-defaulted on their loans, according to a quarterly report to Congress from the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP).

In its report released to lawmakers last week, SIGTARP berated Treasury for not heeding the office’s previous recommendations regarding HAMP, stressing that the inspector general expressed concern in April that “the number of homeowners who have re-defaulted on HAMP permanent mortgage modifications is increasing at an alarming rate.”

About 184,000 homeowners (29 percent) who received HAMP modifications through TARP rather than through the GSEs have re-defaulted, costing taxpayers $972 million in incentives paid to servicers and investors for those workouts, according to SIGTARP. Among borrowers participating in the GSEs’ HAMP programs, just under 154,000 (26 percent) have re-defaulted (HAMP incentives on GSE loans are paid by the GSEs themselves). Additionally, about 10 percent of all active permanent HAMP modifications were one or two months delinquent as of the end of August.

“The longer a homeowner remains in HAMP, the more likely he or she is to re-default out of the program,”SIGTARP stated. The re-default rate among the oldest HAMP modifications is 48.3 percent, according to SIGTARP’s report.

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