Housing market prices up 9%


Have you received calls lately to buy your house?Orlando’s real estate agent Veronica Figueroa says it’s not a hoax and calls are going out because of a housing drought.”There is a lack of inventory right now, more than ever. We haven’t seen this type of shortage in a long time, 6,200 homes less this year, this time,” Figueroa said. Right now, buyer confidence is up and interest rates are low. Figueroa said people are staying put and don’t feel comfortable leaving because they don’t know where they will go, which fuels the shortage.Meanwhile, the medium market prices for homes are up 9% from last year. “So we are seeing multiple offers, we are seeing above ask listing. I mean offer prices of listings and people paying above the appraised price,” Figueroa said.”What questions should I be asking now as a seller? What are some of the things I should be looking out for?” WESH 2’s Gail Paschall Brown asked Figueroa.”Where are you going to go in the meantime if we sell your home during the record-breaking time that we think we’re going to sell it right? So, if they have family they can live with or may they have alternative housing in the meantime,” Figueroa said. She says work with an experienced agent, someone familiar with simultaneous closings or alternative options for sellers.If you’re a buyer, Figueroa says make sure you’re armed with the right lender.”We’re in a market. People are very serious about home ownership,” Figueroa said.She says arm yourself with the tools to get that winning offer.

Have you received calls lately to buy your house?

Orlando’s real estate agent Veronica Figueroa says it’s not a hoax and calls are going out because of a housing drought.

“There is a lack of inventory right now, more than ever. We haven’t seen this type of shortage in a long time, 6,200 homes less this year, this time,” Figueroa said.

Right now, buyer confidence is up and interest rates are low.

Figueroa said people are staying put and don’t feel comfortable leaving because they don’t know where they will go, which fuels the shortage.

Meanwhile, the medium market prices for homes are up 9% from last year.

“So we are seeing multiple offers, we are seeing above ask listing. I mean offer prices of listings and people paying above the appraised price,” Figueroa said.

“What questions should I be asking now as a seller? What are some of the things I should be looking out for?” WESH 2’s Gail Paschall Brown asked Figueroa.

“Where are you going to go in the meantime if we sell your home during the record-breaking time that we think we’re going to sell it right? So, if they have family they can live with or may they have alternative housing in the meantime,” Figueroa said.

She says work with an experienced agent, someone familiar with simultaneous closings or alternative options for sellers.

If you’re a buyer, Figueroa says make sure you’re armed with the right lender.

“We’re in a market. People are very serious about home ownership,” Figueroa said.

She says arm yourself with the tools to get that winning offer.



Read More: Housing market prices up 9%

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