It was ranked number 4 on Zillow’s list of the top 10 housing markets this year. Realtor.com rated Orlando number 7 out the top 100 housing markets for 2017.
These expert predictions are important for anyone looking at buying property in Orlando this year. Orlando is a unique real estate market that has quickly and aggressively recovered from a foreclosure disaster as compared to other markets in similar situations. Additionally, Orlando remains an in-demand destination city for tourists and foreign investors.
With these positive factors in mind, it’s no wonder Orlando home values and sales rates are expected to keep increasing. But with a booming market comes an increased need for expert help. Here are the top reasons why you need an expert when buying a home in Orlando.
Home Values are Predicted to Increase
As part of the predictions for 2017, experts have looked at projected housing values in Orlando. Market data suggests an increase of 5.7% in Orlando home values in 2017. This exceeds the national estimated average of 4.6%.
An increase in home values brings with it an increase in sales volume too. The Orlando metro area is expected to see an increase of 6.1% in sales volume in 2017.
A hot market like this requires an expert to navigate current trends, transactions and other element that make up the market’s activity. A real estate expert can help Orlando property buyers make sense of this bustling market so that they can find their ideal home for the right price.
It’s a Destination City
Orlando is a world-renowned destination city that saw 66 million tourists in 2015. Destination cities require savvy real estate professionals to help buy properties that are strategically positioned as future investments.
An expert can help you find ideal properties in the Orlando area for vacation rentals to cater to the ongoing influx of visitors each year.
You’re Making an Investment
One of the most important things to keep in mind when buying a home in Orlando is that you’re making an investment. This means your home needs to be able to fit your needs as well as your possible future needs.
Real estate agents can help buyers make smart choices for their future. They can help you consider things like how to find the right income property in the desirable Central Florida market. Experts can help you anticipate market trends, which ensures you’re buying a smart investment property that works for you long-term.
If you’re looking at buying a home in the Orlando area, be sure to contact an expert who understands the complexities of this unique market. Contact the Realty Medics today for help making the smartest real estate investment decision.