Nov 5, 2007

Orlando homes sell faster...

....when they are priced and marketed correctly.

Still that does not stop real estate listing agents from suggesting or offering encouraging words about the home in the public comments section of their MLS listings in hopes of motivating potential buyers.

So how well do these well used phrases work? I took a look at sold homes this year in Orlando that used the most common phrases agents think will attract a buyer's interest. The results are as follows:

priced right - 54 days on the market

seller motivated - 102 days on the market

won't last - 107 days days on the market

below appraisal - 109 days on the market

It would appear that when an agent says a home is price right, they are correct. On the other hand, buyers do not seem to impressed with homes priced below appraisal.


Related Florida real estate views:

Smart home sellers listen to what the market is telling them.

What do banks know that home sellers do not?

2.5 million dollars in price reductions


- Greg Staker - Watson Realty Corp. - 407-304-0255

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