The Reason You Should Sell Now
Right now, the market is strong. If you are even thinking of selling, do it now! Inventory is increasing; however, you can sell for top dollar.
Economics 101: The price of anything is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
According to NAR, the supply of homes for sale increases every Spring. Putting your home on the market now instead of waiting for the increased competition of the Spring makes sense.
Buyers in the market during the winter months are truly motivated purchasers. They want to buy now. With limited inventory available in most markets currently, a seller will be in a great position to negotiate.
South Florida has had little to no new construction in the past five years. With the polar vortex and other extreme weather activity, there is an increase in folks flocking to our area. The social unrest of our friends to the south of the globe continues to increase Florida’s population. The largest percent of buyers are Canadians!
Increased state taxes imposed on its citizens and local businesses has caused an exodus from certain states. Because of tourism and other factors, local businesses have enjoyed our “no income tax state” for years.
With Spring approaching, Sellers might choose to upsize or downsize now. In my previous article, I gave you staging tips. However, here are more things to consider.
What To Consider Before You Sell
A home’s curb appeal is crucial because it can be the first thing buyers notice about a home.
“With many factors to consider such as cost and time, deciding what remodeling projects to undertake can be a difficult decision for homeowners,” stated NAR President Steve Brown. “Real Estate professionals know what home features are important to buyers in their area, but a home’s curb appeal is always critical since it’s the first impression for potential buyers. That’s why exterior replacement projects offer the greatest bang for the buck. Projects such as entry door . . . and window replacements can recoup homeowners more than 78 percent of costs upon resale.”
For regional project data, see www.costvsvalue.com.
Perhaps we could sit down together to consider your options at this time.
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