Maybe so they have a chance of owning it.
Interesting numbers are starting to be reported concerning home sales in Central Florida. I took a look at home sales in Orlando for this month, June and found that for specific homes, those that are REO or bank owned, making an offer at or above list price may be a wise decision.
MLS numbers show that 78 bank owned or foreclosed homes have sold and closed in Orlando for June. The interesting part is that 20 of these homes, or 25%, sold for list price or above! One quarter of the foreclosed inventory went for at or above list. Additionally, the average sales price of these 78 homes is reported as being nearly 95% of list price. Hardly a number that indicates you can steal these REO properties.
The facts are a home will traditionally sell for it’s real value. This is good news to both the home seller and buyer. We encourage you to contact us if you would like assistance in finding a home priced correctly and perfect for you.
Related Florida real estate views:
Stop in for a free list of foreclosures
Kissimmee REO 40% of August home sales
Banks that are selling houses in Deltona
- Greg Staker - Watson Realty Corp. - 407-304-0255
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