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If you’re considering putting your Florida home on the market this year, you might want to check into how much your home is worth now as it’s a strong sellers’ market in many major cities across the USA this year. The Florida real estate market is very hot, and home sellers are often getting their asking price and then some!
While real estate deals always depend on the condition and location of the home in question, generally speaking, home prices are up. How long this trend will continue isn’t certain, of course, so if you have definite intentions to move in the near future, you might want to move them forward and take advantage of this hot selling climate.
Why This Year Is Good For Florida Real Estate?
Consider Your Location
While Florida real estate sales are up by more than 15%, you’ll want to check out your local real estate marketplace. How are sales in your city or town doing? Are sellers getting their asking price? Are homes selling quickly or lingering on the market? How are homes that are similar styles and sizing to yours performing? By answering these questions, you can better determine if this year is the best time for you to make a move.
If you want to get an immediate offer on your home, head over to one of the top iBuyer companies that are backed by investors, and provide cash offers on homes. This is a great way to see how much you could sell your home for today, and have a cash offer supporting it. If you like the offer, accept it, and start searching for your new dream home.
What’s The Condition Of Your Home?
If your home needs minor repairs, you might not need to sweat them in this type of hot market in Florida real estate. Many buyers might easily overlook small problems in order to score a deal before another interested party makes an offer. On the other hand, if your house needs lots of work, you might want to carefully consider whether you should first invest in some of the repairs or sell your home as-is to a company that buys homes.
There are many companies out there that buy homes that are in need of major repair work. Even though they may not be willing to pay as much as you’d like, they may still take the house off your hands, allowing you to unload it and start fresh in a new home.
What Happens If You Stay?
Although home prices are still escalating in 2021, there’s no telling if they’ll continue to rise in value even more next year. On the other hand, as more houses come on the market and buyers begin to have more choices, home prices could begin to slide. It’s a personal decision, so you’ll have to weigh your risks carefully. Conduct some Florida real estate research for your city and you may have a better idea of whether to wait a bit longer or cash in right away.
While you may score a big payday by listing your Florida home for sale now, just remember that if you’re planning to purchase another home, the shoe will be on the other foot. You’ll have to find a home that meets your household needs and budget. The Florida real estate market is highly competitive for buyers just now. However, if you’re able to sell and take your time finding or building a new home, you may be able to eliminate this concern.