I’m sure many have heard the phrase “buy low, sell high.” This phrase is typically used in the stock market; however, it also can be used in the Orlando real estate market. Like anyone, if you were buying a house, you would want to buy it when the prices are low, and if you wanted to sell your house, you would want to sell it when the market is at its peak.  However, I will tell you that waiting for the central Florida market to peak is not the best strategy!

In Orlando real estate, like any other industry, the market is controlled by supply and demand. The supply represents the number of homes that are currently for sale within a given market, and the demand represents the number of buyers who are in the market to purchase a home.  As a seller, you always want to sell your house when the inventory of homes is low and when the number of buyers is high. The best time to find this scenario is right before the peak of the market. This is because when the inventory of homes is low, it typically means that it’s a seller's market. So, as a buyer, you have fewer homes to choose from, and as a seller, that gives you more leverage in the negotiation process.

You also find that right before the peak, the numbers of buyer who are in the market are fairly high because everyone is trying to buy a home before the prices of homes go any higher. With lots of buyers, you can typically sell your house for more money than you would if there were fewer buyers searching for a home.

If you wait until the peak, you typically find out after the peak was already met and the market has already shifted. Inventory typically starts to swell, which means that the buyers have more homes to look at; this can reduce your leverage as a seller. This is also when the market typically flips from a seller's market to a buyer's market. Additionally, after the peak of the market, the number of buyers goes down.

So, as you can see, the best time to sell your house is typically right before the peak of the Orlando market. This will give you the best opportunity to get your house sold for top dollar and within a shorter period of time.

For more information on this or if you need trusted realtors to represent you, feel free to Contact Us, and we would be more than happy to assist you. "Get Real Estate Smart" with The Millers!

The Miller Realty Group is a successful real estate team who provides real estate solutions for residential homeowners in the metro Orlando real estate market, including Lake Mary, Longwood, Heathrow, Sanford, Winter Park, Winter Springs, Altamonte Springs, Maitland, and surrounding cities. Founded in 2006, The Miller Realty Group has transformed themselves into one of the top real estate teams in Central Florida.