Are Orlando's Older Homes a Better Buy?

Posted by Jen Dollar on Thursday, May 12th, 2011 at 10:25am

images_239The real estate market in central Florida is starting to turn around, though by everyone's admission, the recovery is slow. It's still a buyer's market, and there is still plenty of inventory available. Still, we know that this area of the country should prove to be one of the best areas of the country in which to invest in real estate, because it is one of the country's fastest growing areas. Today, Orlando

Though Orlando and surrounding areas offer plenty of new construction, there are also plenty of older homes available. Many of these homes have been significantly remodeled and updated, too.

Because Orlando and the surrounding areas are attracting new businesses, and employees of large corporations, many of our buyers are more interested in purchasing newly constructed homes. In many cases, this leads to older homes sitting on the market longer and having more price reductions. These homes often wind up being a much better value to the buyer than the newer homes.

Older homes are typically found in older, more established neighborhoods, which offer buyers plenty of beautiful trees, established lawns and gardens, and diverse neighbors. Many of Orlando's wonderful older subdivisions offer extremely well built homes with easy access to everything that the city has to offer. And, because many of them have been on the market for some time, you can often negotiate an even better price than the listing price.

The prices on older homes are typically always a bit more negotiable than the prices on brand new construction, so they are typically a great idea for anyone who needs to get a really good value. And, when purchasing from a buyer who has a great deal of equity in their home, you can get some really stellar deals.

So, don’t be afraid to take a look at the Orlando area's older homes. Many neighborhoods like Lake Cain Hills, Williamsburg and areas around Goldenrod Road are some of Orlando's safest neighborhoods. Their residents are a mixture of young families, urban singles and older citizens. These homes are solidly built and fairly priced. You'll find homes that were built as early as the 1960's, along with homes built in the 1980's and 1990's too. And, with the number of homes on the market today, you'll have plenty of homes to choose from. There are foreclosures and short sales available in these neighborhoods, too. These homes are typically some of the most affordable on the market.

A qualified central Florida real estate agent can help you scope out many more neighborhoods in and around Orlando that offer great values, solid homes and wonderful amenities. Especially if you're new to the area, finding a great realtor to help you navigate through the many neighborhoods and available homes is important. They have knowledge about fair prices for each neighborhood that can help you ensure you're getting a good value for your money. Your realtor can help you find the home that will work with your family's needs and your budget and that will feel like home sweet home from the very first day.

1 Response to Are Orlando's Older Homes a Better Buy?

David Shaw wrote:

Established properties are becoming more and more popular, especially with younger generations ( under 35). People do not want to bother growing trees, gardens and flowers any more. And, there is of course a financial momentum of the current situation. That is my opinion, as someone who's active in real estate for more than 15 years.

Posted on Friday, June 3rd, 2011 at 12:48pm

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