The real estate market in Dr Phillips and Orlando as a whole is on the rise! With mortgage rates at all time lows, more and more people are warming up to the idea of financing their new home. As we all know, your home is one of the largest investments you will ever make. Therefore, treating real estate as an investment opportunity allows people to make smart decisions. We are seeing multiple offers on homes, and some even go above the list price! View your new home purchase as an investment. Be realistic about how much you can spend. Incorporate all your monthly obligations. If you can do this, with the help of an experienced real estate agent, your home buying process can be quick, fun, and easy.
According to the Orlando Regional Realtor Association (ORRA), there are approximately 8,642 homes listed as currently for sale, as opposed to 11,480 in April ’11. That’s over a 25% reduction in one year! This, coupled with low interest rates, makes the Orlando real estate market very active. Houses just are not sitting on the market like they were in ’08 and ’09. Florida may not have a Spring season this year, but the local real estate market sure has some spring in it’s step!