Let’s look at who is buying a home in Orlando.
What’s interesting to see in the graphs here is the amount of financed transactions. 7 out of 10 buyers used a loan to purchase their home, while cash transactions increased over previous years. What does that mean for buyers? There is a higher chance of competing with a cash buyer so if you are in a multiple offer situation it is important to go in with a strong offer
As a seller reviewing multiple offers you will not only want to look at the bottom line, but all contingencies for all offers received.
2 out of 3 homes were single family homes with the others being townhomes, condos and mobile homes.
Let’s look at where buyers are coming from - only 54% moved within the state of Florida and 22 % moved from out of state. Why is this important? If you are selling your house we know that at least 1 out of 5 are learning about your house and area from an online description and photos. It is so important to make a good first impression online. This goes beyond pictures to strong online marketing. The more eyes online equals more feet in the door.
If you thought you had to make 6 figures to buy a home in the Orlando area, the good news is that you don’t have to! Let’s get you connected with a lender who can go over loans, budgets and pricing to get you into a home this year.
We’re the Teston Team and we are Orlando Real Estate Agents who help you buy a home in Orlando and sell a house in Orlando.
407-509-0211
Dan Teston
