Homes that are put on the market in the Orlando or Central Area don't last very long. No different than a home for sale. Again this is due to supply and demand. Remember time kills deals. This market we are in is not in favor of first time buyers. The first year of the pandemic at least 64% of homes were purchased by cash buyers and over the listing price. In this case they close much quicker and enticing to the seller. For buyers this is a rough era as this transition began. As a first time buyer you would be have to see many, many homes before you land an accepted contract. Yes it is very discouraging and much labor intense as a realtor in this season.
A listing price can either deter or bring a qualified buyer. When I say deter, I mean listing it at a ridiculous to scare buyers away or listing for a bidding war. Many owner occupied homes generally keep homes showing for 72 hours with little traffic as possible, then taken off the market to make a decision on multiple offer contracts. Vacant homes generally stay on the market until highest and best offer is accepted. And like always homes should be priced based on location, features and benefits.
The market has shifted after the first year of the pandemic. The contracts that has been accepted are with no contingencies. This makes it much easier for sellers to accept a contract amongst other competitors. I suggest a very strong contract be written provided you want the home. Then wait and see what happens after presented. You cannot sleep on making an offer in the current housing market environment we currently live in. Trust your local home advisor Kevin Strawter at 850 496-6412 or email kevin email@example.com to steer you in the right direction.