Orlando Real Estate, Orlando Buyers Agent, Orlando Homes, Orlando Buyers Broker

Overpriced Orlando Home

Overpriced Orlando Home.  Wish it were not so...keep it real

My client was interested in this particuilar Orlando Home and it was not a happy occasion...the property is priced not just a bit high...it was about 25% too much...listed for $550 and should be about $420...seriously.  Nothing has sold in the neighborhood ever for more than $430,000.  I ran the comps in the zipcode to see if there is any supporting solds and came up empty.

Nada....comps are in the low $400's and those homes all have pools...this one does not have a pool.

So I called the listing agent and asked how they came up with the price, since there was nothing to support the asking price.  Listing agent said that they was obligated to "try" with the "too high" price because the seller owed too much money on the house. Really?

Does what the seller owes determine the value of the property?  Absolutely not. A property is only worth what the neighborhood value brings.

My clients were unable to negotiate fair market value purchase price and moved on to another property.  This property has now been discounted $80,000 and is now a short sale.  The price is still not short enough...it is still an overpriced Orlando home.

For different buyer representation with no pressure, call the Best Buyer Brokers in Orlando 407-539-1053

Copyright @ Buyers Broker of Florida "Overpriced orlando Home"

 

 

Subscribe to my blog

Representing ONLY the best interest of the Home Buyer...never the seller.

 Eve Alexander Orlando Buyers Agent

 

Comment balloon 4 commentsMike & Eve Alexander • September 30 2013 02:43PM
Overpriced Orlando Home
share
Overpriced Orlando Home. Wish it were not so… My client was interested in this particuilar Orlando Home and it was not a happy occasion.. the property is priced not just a bit high… it was about 25% too much… listed for $550 and should… more
HUD's NEW SHORT SALE rule eliminates Double Agents
share
HUD has new Short Sale rules effective Oct 1, 2013… The new HUD rule will prohibit brokers and agents from representing both buyers and sellers in FHA SHORT SALES. To ensure that short sale transactions are "arm's length"… more
Exclusive Buyers Agents in Orlando guarantee 100% Loyalty
share
Only Exclusive Buyers Agents in Orlando can guarantee 100% Loyalty, all the time on all homes. They will even put that in writing. No one other than an Exclusive Buyer Agent that works in an Exclusive Buyer Agency office can guarantee 100%… more
Orlando Home Statistics August 2013
share
Check out the latest in Orlando Home Market Statistics… AUG 2013 Compare last year Orlando Home Statistics from this years. Interesting. Mortgage rates rising, days on market decreasing… time to grab a home while opportunity is here! .. more
Orlando Home Market Report August 2013
share
Here is the Orlando Home Market Report Aug 2013 in a nutshell… Orlando real estate is doing well and recovering faster than any other large city in Florida. Single-family home sales increased by almost 8% over the same time last year. … more
Windermere Million Dollar Home Buyers need CONFIDENTIALITY
share
Confidentiality is a must for Windermere Florida Million Dollar Home buyers, so don't let your agent blab. An good Buyers Agent knows when to speak and when to keep quiet and they do not allow home buyers confidential information to leak out… &… more
Lake Nona Golf Estates New Construction
share
The New Construction Homes in Lake Nona Golf Estates are all custom homes No cookie cutter homes in Lake Nona Estates. Every Lake Nona Estates home is unique and every home has its own style of architecture. Buying a new construction home… more
Buyer Broker Agency in Orlando does not rebate…
share
Buyers Broker Agency in Orlando does not rebate commission to home buyers. Buyers Broker of Florida does not offer money to home buyers because Exclusive Buyers Brokers work hard at earning every penny… There are times these Buyer Brokers… more
Windermere Luxury Foreclosed Homes for sale
share
Windermere Luxury Foreclosed Homes for Sale in Florida Winderemere has more luxury homes for sale than any other city in Central Florida. It also has some nice high end bank foreclosures Currently Windermere has six… more
How Orlando Buyers Agents get paid the commission
share
How Orlando Buyers Agents get paid can be misunderstood. There are many ways that an Orlando Buyers Agent gets paid that does not come directly from the Orlando home buyers pocket. Here are the two most common ways that an Orlando Buyers… more