Ok, maybe that should read potential home buyers.
We certainly have not seen a headline, like the title of this blog, describing the Orlando and Central Florida real estate market in some time. Just thinking about a record number of home buyers would make any real estate professional, lender and home seller giggle nervously. And the potential home buyers are here, sorta.
Today's MLS numbers show over 38,000 homes listed for sale in the counties of Lake, Seminole, Orange, Osceola and portions of Volusia county. 38,000 sellers who.... when their home sells......could add to our pool of potential buyers?
Maybe I am being optimistic so let's say, for arguments sake, only half of those sellers who have their home on the market will buy a home when their home sells. That would mean that we have nearly 19,000 potential home buyers right in front of us!
I think that would rejuvenate this very exciting but challenging home market, don't you?
Now that we know where buyers are, how are we going to get them to purchase a new home?
Simple. Offer them a deal they cannot refuse. Imagine if our seller went home shopping, found a home priced correctly, fell in love with the home and made an offer that is accepted. Motivation is now high, correct? So our seller, who just became our buyer, will now want to do whatever it takes within reason to sell their home so they can move to their new dream home!
Reduce their price perhaps?
Once their home has been priced correctly along comes a buyer who falls in love with our seller's home and presto, like a snowball rolling down a hill, we would have ourselves a great real estate market started.
I'm not sure about you but I'm ready to start!
Related Florida real estate views:
Buyers are choosing fixed rate mortgages
Why would anyone offer to buy a home at list price or above in this market?
How can I make sure I am not paying too much for a home?
- Greg Staker - Watson Realty Corp. - 407-304-0255
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