Tuesday, November 27, 2012

Orlando Property; 64 Offers Received

Orlando Real Estate market is definitely rebounding.  A recent bank foreclosure home sold recently for $17,000 over asking price. The home located off Goldenrod Road, came back on the market, after the first deal fell apart.  The bank decided to drop the price by $20,000 to sell it.  What is shocking is this fixer upper received a total of 64 offers.   The property was priced at $69,000 and sold for $86,000.  This property was sold to a buyer within the Remax office, but the agent for the buyer claimed they did not know there were a 64 offers until closing.   Although, this volume of offers is extreme it is a sign the Orlando Real Estate market is on the up swing.