Orlando Real Estate

 

Investing In Real Estate
Homes, Condos, Investment, Golf, Retirement



John Hambrick


Angela Chapman

 

Questions & Answers
Get the answers on home selling and home buying.


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Home Advice can help you find the answers to all your home buying and home selling questions. Simply choose from one of the categories below to display frequently asked questions and answers.

Investing in Real Estate


WHAT TO INVEST IN

Condos, Apartments & Single-Family Homes
Fixer-Uppers
Foreclosures
Real Estate Value
Whom to Contact

 

TAX CONSIDERATIONS

Property Taxes
Income Taxes
Whom to Contact

 

HOW TO DO IT

Lease Options
Property Management
Seller Financing
Whom to Contact

When considering the price of a prospective home to buy, don't rely solely on the internet. The best way to learn the market value of listings in your target area, and to avoid making a costly mistake, is to preview a lot of properties in person. This is a more time consuming but far more productive approach.

It's almost impossible to know with certainty whether you're offering too much or too little without intimate local market knowledge. If you rely on inaccurate or insufficient data, you could offer too little and lose a coveted property to another better-informed buyer. Or you could pay too much, which would diminish the return on your investment when you sell.

A HomeJoy Real Estate agent can shortcut the learning process by feeding you information about new listings. You should plan to look at every listing that might work for you. Hitting the Sunday open house circuit is a good way to canvass a lot of listings in a short-time frame and make sure your agent knows what listings you've seen. Ask your agent to let you know when the listings you have seen sell. Some buyers find it useful to keep a file of the listing flyers from the properties they've seen. Mark the selling prices on the flyers and refer back to this information when you're deciding what price to offer. Don't toss the flyers from listings you didn't like. Knowing what these listings sold for will add to your store of knowledge.

Before you make an offer, ask your agent to prepare a Comparative Market Analysis (CMA) for the listing you're considering. Be sure that your agent includes photos of each comparable sale. This will help you remember the listings that you personally previewed. But visiting open houses in the neighborhood you're considering is an essential way to become familiar with home prices in that area.

 

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Orlando Real Estate Professionals

1-866-290-1890       407-207-5550

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2500 Curry Ford Road
Orlando, FL 32806
contact by E-Mail

407-207-5550

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