Deciding when is the best time to sell a home in Florida is not easy. Even though there are plenty of benefits of selling during a specific time of the year, perfect timing depends on many different factors. To help you determine whether it’s a good time for you to sell your Florida home, we’ll let you know what you should thoroughly think about and consider.
What to consider before deciding on the best time to sell a home in Florida
The perfect time for selling your home doesn’t only depend on the time of year. In fact, it’s very subjective and depends on various factors and circumstances that are often personal.
So, before you get your home evaluated and list it for sale, here is what you need to consider. This will help you determine if it’s the right time for you to sell a home in Florida.
Your financial situation
You need to be aware that selling your home will cost you. So it’s very important to thoroughly check your finances and set a budget. First, you need to list all costs related to selling your home. Take into account that closing costs can be up to 6% of your home’s selling price.
Also, keep in mind that you’ll need to hire reputable movers to help you relocate to your new home. They will be able to provide you with excellent moving services and ensure you get everything you need in the process. After all, you want to make sure you experience as little stress as possible.
Check your mortgage status, too. It’s recommended to live in a property for at least five years before selling. This is a great way to build equity. In case you’ve been living in your property for less time than that, perhaps you should hold off putting your home on the market.
Hiring or not hiring a real estate agent
If your financial report says you’re good to go with your sale, the next step is to hire a real estate agent. Even though many people think that selling a home on their own is a good idea, the numbers say that only 10% of homes listed as “for sale by the owner” actually get sold.
Therefore, choosing an experienced real estate agent is the best way to go. Having a professional with extensive knowledge of the local market as your ally can help you get the best deal out of the sale. Before that, they will do a comparative market analysis and help you set the best asking price for your home.
Most importantly, a reputable real estate agent can help you decide whether it’s a good time to sell your Florida property. They will have access to market information, and by doing an extensive analysis, they’ll be able to tell you if the market is favoring sellers. If the conditions are favorable, your agent will give you the green light!
Are you ready to sell your Florida home?
Sometimes, the decision to sell your home depends on personal factors and your life circumstances. For instance, if you are planning to extend your family and need more space, upsizing is the next logical step. Or on the other hand, if you are retiring and your kids already have families of their own, you might want to downsize.
Be prepared for your home sale to be emotional. No matter how long you’ve lived there, it’s never easy to say goodbye to all the lovely memories you’ve made. However, you need to try to think rationally and remember that you’re selling your Florida home to move on to something even better.
Which season is the best time to sell a home in Florida?
Many people looking to sell their Florida homes falsely believe that there is a perfect season to do this. Even though there are a few common trends, marketing your Florida home during any season has plenty of benefits. Your experienced Florida real estate agent will probably be able to confirm this.
Here are the advantages of selling your Florida property for each season:
- Selling your Florida home during spring might be perfect as nature will boost your home’s curb appeal and make it more appealing to potential buyers. It’s also worth mentioning that spring is the most popular season with many homebuyers.
- Many believe that winter is the best time of year to sell your home. All the buyers who haven’t found their perfect home during the last winter become more determined in their house hunting during this time. This makes the market heats up and makes home prices go up.
- When it comes to autumn buyers, they tend to be more serious about finishing a deal and purchasing a property. During spring and summer, the market can be flooded with buyers who are “just looking”. However, during fall, this rarely happens.
- Most people avoid summer when it comes to selling their homes. But even if you decide to sell your Florida home during summer, you still might get a great deal out of it. During summer, supply tends to be lower, while many potential buyers are looking to close the deal as quickly as possible. It’s a win-win!
So when’s the best time to sell a home in Florida?
As you can see, the best time to sell a home in Florida is different for everyone. For instance, if you are not financially ready and can’t afford to sell your home and buy a new one right now, perhaps the best course of action is to wait. On the other hand, if you’re financially stable and market conditions are favoring sellers, maybe you should give it a go. Therefore, to determine if the timing is right FOR YOU, make sure to thoroughly analyze all of the aspects we’ve mentioned.
Blog provided by Tanya Douglas; tanya@eastcoasthaul.com
Photos used:
https://www.pexels.com/photo/real-estate-agent-discussing-in-front-of-his-client-8293744/
https://www.pexels.com/photo/shallow-focus-photo-of-a-realtor-posting-a-sold-sticker-8470803/
https://www.pexels.com/photo/man-standing-beside-pregnant-woman-and-pointing-at-something-7641861/