Lake Mary, FL Real Estate Update

There are currently 550 homes for sale in Lake Mary, FL – 20 of those homes are new listings this week.  82 homes are currently under contract and more than half of those homes are Foreclosures or Short-Sales.   If you are thinking about buying a home in Lake Mary or Seminole County, be sure that you speak with a REALTOR who is knowledgeable about the Foreclosure and Short Sale process. 

There are special conditions that often need to be met when you purchase a Short Sale or Foreclosure and many of these homes require that they are purchased “As-Is” and may not meet the condition required by some types of financing, always verify with your lender what your loan requirements are before you start to look at homes.  Always talk to a professional who can educate you and guide you through the purchase and sale process.

Lake Mary Home Sales This Week

* Foreclosed Properties Sold By The Bank (All data derived from the Mid-Florida Regional MLS – this report includes, condos, homes and townhomes)

There were 9 home sales this week in Lake Mary, FL and you can see from the sales above that you can sell a home if it is priced properly.  It’s easy to see that there are several homes that started the process priced outside of the market, this is a mistake that not only costs you time… but, money too.

If you are thinking about selling your Lake Mary or Seminole County home and would like a no-obligation strategic pricing analysis for your property, please call/text or email us.  It’s easy and we will never pressure you, we’re here to answer your questions and help you understand the challenges of selling your home in these tough economic times.