Frankly Speaking Blog

Posted by Frank Ferrell on October 30th, 2014 10:34 AM
The Orlando housing market overall median price for September was $167,500 (7.4% over September 2013) and a 2.3% increase over last month. Orlando’s overall median price has now recorded year-to-year gains for 39 consecutive months.


Posted in:General
Posted by Frank Ferrell on October 16th, 2014 10:03 AM
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$0.00
5555 Canteen Court

Oviedo, FL 32765



Beds: 3 Rooms: 7
Full Baths: 2 Sq. Ft.: 2036
Garage: 2 Built: 2001
 

For Rent: Aloma Woods in Oviedo, 3/2, 2036 sq.ft. home on cul-de-sac with pond frontage.
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Frank Ferrell
Ferrell Realty, Inc.
4076283200
www.ferrellrealtyinc.com



 
  Visit this listing here
Posted in:General
Posted by Frank Ferrell on October 5th, 2014 8:07 AM
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$275,000.00
818 Wessex Place

Orlando, FL 32803



Beds: 4 Rooms: 8
Full Baths: 2 Sq. Ft.: 1536
Garage: 1 Built: 1949
 

Remodeled and move-in ready 4/2, 1,536 sq.ft. home in Orlando Highlands/Lake Como neighborhood, situated on 1/4+ acre lot.
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Frank Ferrell
Ferrell Realty, Inc.
4076283200
www.ferrellrealtyinc.com



 
  Visit this listing here
Posted in:General
Posted by Frank Ferrell on September 26th, 2014 10:03 AM
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$0.00
1854 GRINNELL TER

Winter Park, FL 32789



Beds: 4 Rooms: 8
Full Baths: 1 Sq. Ft.: 1556
Garage: 1 Built: 1955
 

For Rent. Heart of Winter Park and one block from Windsong! 4-Bed/1.5 Bath 1,556 SF. Great Winter Park neighborhood and school district. Available July 15.
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Frank Ferrell
Ferrell Realty, Inc.
4076283200
www.ferrellrealtyinc.com



 
  Visit this listing here
Posted in:General
Posted by Frank Ferrell on September 21st, 2014 10:36 PM
The Orlando housing market overall median price for August was $165,000 (6.5% over August 2013) but a 3.5% decrease from last month. Orlando’s overall median price has now recorded year-to-year gains for 38 consecutive months.

Posted in:General
Posted by Frank Ferrell on September 15th, 2014 5:26 PM
The latest Orlando housing market activity shows fewer homes selling at higher prices. Although number of sales in July decreased by nearly 14% compared to June, the market continues with increases in median prices. The overall median price for July was $165,000 (9% over July 2013) and 1.5% over last month, continuing 35 consecutive months of year-to-year gains.

Find out how the market is doing in
your neighborhood!


Posted in:General
Posted by Frank Ferrell on August 18th, 2014 7:02 AM
Staged homes sell 78 percent faster than non-staged homes. Check out the tips in the infographic below for great home staging ideas. To find out more of what we do to get homes for the market, click HousePrep.

 
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Posted by Frank Ferrell on August 4th, 2014 10:40 AM
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$25,000.00
262 W. Magnolia Street

Apopka, FL 32703



Beds: 0 Rooms: 0
Full Baths: 0 Sq. Ft.: 0
Garage: 0 Built: 0
 

Lot for sale in Apopka. Corner lot .43 acre
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Frank Ferrell
Ferrell Realty, Inc.
4076283200
www.ferrellrealtyinc.com



 
  Visit this listing here
Posted in:General
Posted by Frank Ferrell on August 1st, 2014 6:19 AM
The Orlando housing market continues with increases in median prices, with positive year-to-year comparisons to June 2013.  The overall median price for June is $165,000 (10% over June 2013) and .06% over last month, continuing 34 consecutive months of year-to-year gains. And sales in June increased by nearly 5% compared to May.

How's the market doing in
your neighborhood!



Posted in:General
Posted by Frank Ferrell on July 17th, 2014 10:44 AM
The Orlando housing market continues with increases in median prices, with positive year-to-year comparisons to May 2013.

The overall median price for May is $165,000 (14% over May 2013) and 1.54% over last month, continuing 34 consecutive months of year-to-year gains.

How's the market doing in
your neighborhood!

Posted in:General
Posted by Frank Ferrell on June 16th, 2014 12:29 PM
Staged homes sell 78 percent faster than non-staged homes. The following infographic gives important tips for your outdoor staging.
Posted in:General
Posted by Frank Ferrell on June 5th, 2014 6:11 PM
The Orlando housing market continues with increases in median prices, with positive year-to-year comparisons to April 2013.

The overall median price for April is $163,000 (13% over April 2013) and 1.88% over last month, continuing 33 consecutive months of year-to-year gains.

How's the market doing in
your neighborhood!


Posted in:General
Posted by Frank Ferrell on May 15th, 2014 10:47 AM
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$995.00
3651 Atrium Drive
#U-5
Orlando, FL 32822



Beds: 2 Rooms: 5
Full Baths: 2 Sq. Ft.: 820
Garage: 0 Built: 1984
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Pete Ramondetta
Ferrell Realty, Inc.
    407-463-5816
www.ferrellrealtyinc.com



 
  Visit this listing here
Posted in:General
Posted by Frank Ferrell on April 30th, 2014 7:34 AM
Orlando’s housing market took its traditional springtime sales jump, with 17% more closings in March than in February, and “Normal” transactions showing a month-to-month increase of 24%.

Buyer demand is continuing to drive median price increases. The overall median price in March was $160,000, a 1.27% increase over February, and a 14.29% increase from the $140,000 median price in March 2013.

How's the market doing in your neighborhood!

Posted in:General
Posted by Frank Ferrell on April 15th, 2014 1:13 PM

Every Monday, Orlando Regional Realtor Association's Monday Morning Quarterback Report gives you a snapshot of the previous week's market activity, including sales, prices, days on market, and much, much more.

Week of March 23, 2014

Single-family existing homes

  • Sales of single-family homes increased to 415 during the week of Mar 23, from 323 the week prior
  • The median price of single family homes decreased to $177,500, a change of -6.1%
  • The number of single-family home foreclosure transactions increased to 88 last week, from 60 the week of Mar 16
  • The number of single-family home short-sale transactions increased to 41 from 23 the week prior
  • Single-family inventory increased by 44, and now sits at 10,128

Condos, townhomes, and villas

  • Sales of condos, townhomes, and villas increased to 115 during the week of Mar 23 from 106 the week prior
  • The median price of condos, townhomes, and villas increased to $117,000, a change of 13.0%
  • The number of condo, townhome, and villa foreclosure transactions increased to 26 last week, from 24 the week of Mar 16
  • The number of condo, townhome and villa short-sale transactions increased to 9 from 5 the week prior
  • Condo inventory increased by 11, and now sits at 2,845
Posted in:General
Posted by Frank Ferrell on April 7th, 2014 7:51 AM

When selling your home, you won't get the price you want unless your home is in pristine move-in condition. That means no sticking drawers in the kitchen, no leaning fences, no rust-stained plumbing fixtures . . . well, you get the idea. 

If you have any of following "turn-offs," your home likely won't sell:

1. Overpricing for the market

2. Smells

3. Clutter

4. Deferred maintenance

5. Dark, dated décor


Overpricing your home

Overpricing your home is like trying to crash the country club without a membership. You'll be found out and escorted out.

If you listed at a higher price than recommended by your real estate agent, you're going to get some negative feedback from buyers. The worst feedback you can ever receive is silence, meaning no home showings and no offers.

The main problem with overpricing your home is that the buyers who are qualified to buy your home won't ever see it because they're shopping in a lower price range, and those qualified buyers who do see it will quickly realize that there are other homes in the same price range offering them more value.


Smells

Smells can come from a number of sources - pets, lack of cleanliness, stale air, water damage, and much more. You may not even notice it, but buyers definitely will.

Most buyers wouldn't buy a home that smells unless they're investors looking for a bargain. Even so, if they find anything like undisclosed water damage, or pet urine under the "new" carpet, they will either severely discount their offer or cancel altogether.


Clutter

If your tables are full to the edges with photos, figurines, mail, and drinking glasses, buyers' attention is going to more focused on avoiding the clutter than in considering your home for purchase.

Too much clutter and even too much furniture will confuse the eye, making it very difficult for buyers to see the true proportions of your rooms. First impressions are important. If they can't immediately see what they need to know, they move on to the next home.


Deferred maintenance

Deferred maintenance is a polite way of saying you're letting your home fall apart. Just like people age due to the effects of the sun, wind and gravity, so do structures like your home. Things wear out, break and weather, and it's your job as a homeowner to keep your home in good repair.

Your buyers really want a home that's been well-maintained. They don't want to wonder what needs to fixed next or how much it will cost.


Dated décor

The reason people are looking at your home instead of buying brand new is because of cost and location. They want your neighborhood, but that doesn't mean they want a dated-looking home. Just like they want a home in good repair, they want a home that looks updated, even if it's from a different era.

Harvest gold and avocado green from the seventies; soft blues and mauves from the eighties, jewel tones from the nineties, and onyx and pewter from the oughts are all colorways that can date your home. Textures like popcorn ceilings, shag or berber carpet, and flocked wallpaper can also date your home. When you're behind the times, buyers don't want to join you. They want to be perceived as savvy and cool.

If you're torn between which improvements will help you sell and which ones won't, check out Improvements that Pay.

The bottom line is, the market is a brutal mirror. if you're guilty of not putting money into your home because you believe it's an investment that others should pay you to profit, you're in for a rude awakening. You'll be stuck with an asset that isn't selling.



____________________________________________________
From RealtyTimes Article dated 3/30/14
 

Posted in:General
Posted by Frank Ferrell on April 3rd, 2014 12:49 PM
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$1,800.00
2741 Bellewater Place

Oviedo, FL 32765



Beds: 4 Rooms: 9
Full Baths: 2 Sq. Ft.: 2036
Garage: 2 Built: 2000
 

FORE LEASE: Nice 4/2 Home in beautiful Gated Community
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Frank Ferrell
Ferrell Realty, Inc.
4076283200
www.ferrellrealtyinc.com



 
  Visit this listing here
Posted in:General
Posted by Frank Ferrell on March 29th, 2014 3:49 PM
The Winter Park Sidewalk Art Festival is one of the nation’s most prestigious outdoor art festivals. It is ranked the "7th Best Fine Art and Design Show in the Country" by Sunshine Artist magazine and voted Central Florida's "Best Festival" in Orlando magazine's Best of Orlando 2013 issue. Each year more than 350,000 visitors enjoy the show.

Festival hours are as follows: Friday, March 21, from 9 a.m. to 6 p.m.; Saturday, March 22, from 9 a.m. to 6 p.m. and Sunday, March 23, from 9 a.m. to 5 p.m. Expect to see dazzling sculpture and glass for the big pocketbook as well as smaller works to please just about anyone. Enjoy Friday night's jazz concert, children's workshop village and school art exhibits, and great food and sidewalk cafes.

Join us for this annual tradition in Winter Park, the City of Culture and Heritage. Please be sure to leave your dogs at home when you visit the festival as they are not allowed to enter the event. Thank you for your cooperation.

For information on other upcoming events click on Winter Park Events.
Posted in:General
Posted by Frank Ferrell on March 21st, 2014 1:17 PM


Posted in:General
Posted by Frank Ferrell on March 18th, 2014 4:31 AM

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