Arguably one of the best places to live in Florida, the Lake Nona region is renowned for its pristine vistas and high concentration of biotech and medical research centers. It also boasts one of the highest home median prices in the state, with house prices averaging at $670,000, a whopping 56.5% higher than the national median.
This is why houses for cash in Lake Nona, FL, are so popular, but should you be selling it on your own (FSBO), selling with a listing agent, or seeking out a third option? Here’s a breakdown of all three options.
Sell Your Lake Nona Home On Your Own
Some people believe that putting up their house as FSBO (For Sale By Owner) is a good way to minimize costs, and they’d be right: on average, real estate agents take around 5.6$ commission on home sales, among other expenses. Because of this, real estate or listing agents will usually up the sale price of your house. On paper, that sounds ideal, but with higher-than-average home prices, buyers in the Lake Nona real estate market might become apprehensive, especially if the houses in your immediate surrounding are selling for cheaper.
Selling a Lake Nona house on your own is also ideal if you’re going to be selling to family and friends. More often than not, friendly sales like that don’t require a lot of bargaining or formal offers: a quick handshake and a couple of contracts later, and you could be handing the keys to your family member or close friend within hours of putting the house up for sale.
Finally, selling your house on your own means you’ll be spending 100% of your time trying to sell it. Real estate and listing agents will often have multiple Lake Nona properties listed, which means your home might not get the attention you want.
Sell It with a Listing Agent Familiar with Lake Nona Real Estate
All that being said, why do most people still rely on real estate agents to sell their Lake Nona homes? Well, for the most part, the real estate market requires in-depth knowledge of industry standards, macroeconomics, and data about the entire American housing market that the average homeowner might not have access to.
Lake Nona, Florida has pretty strict rules that govern home sales, and even just one step overlooked by a FSBO house can mean hefty fines or even an investigation. Meanwhile, real estate agents spend a majority of their training researching government permits, taxes, transactional laws, and everything else that will make Lake Nona home sales kosher. They are certified experts in the ins and outs of the real estate trade and are ready to tackle any and all legal issues when necessary.
They also have an extensive professional network of buyers that an individual Lake Nona homeowner may not have access to. Sure, you’re probably very popular at your bridge club, but it’s doubtful that you’ll find a potential buyer in your personal network. Real estate agents are practically required to maintain a network of hundreds of potential buyers, and they’re more likely to close a sale.
Sell to a Professional Homebuyer in Lake Nona
But perhaps one of the best ways to sell your house if you’re having trouble is to approach a professional home buyer interested in Lake Nona properties. Professional home buyers will almost-always have cash on hand to purchase your property. They might not offer the best deal on the get-go, but if you’re able to show them how valuable your property can be, a cash home buyer will be your best bet in terms of offloading your Lake Nona property at the right price.
A professional home buyer will also make the selling process in Lake Nona easier. In general, cash home buyers will not spend a lot of time with paperwork: if they like your property, they’ll give an offer that they’ll pay in cash, and when you accept, you sign the ownership over to them and hand over the keys. It’s fast, simple, and more often than not, offers you the best price for your Lake Nona home.
We Can Help You!
Looking for a company interested in houses for cash in Lake Nona, FL? Want to sell your house fast? Look no further than Kindred Homes!
Kindred Homes Properties wants to make sure that we create lasting, positive relationships with our clients, which is why we do in-depth research into the Lake Nona market, give comprehensive assessments, and keep our process transparent so we can offer you a price that is as close to fair market value as possible. Learn more about what we do by contacting us, today!