What Is The Best Time of Year to Sell a Home in Florida?
Timing isn’t everything when it comes to selling a property in Florida, but it can have a significant impact on the length of time it takes and the final price you receive. There is no harm in conducting some market research to ensure you get the greatest potential price for your home. Make sure you consider all the costs and variables that can have an effect.
In Florida, July is the best month for selling a house quickly. In July last year, homes in Florida sold for an average of 51 days on the market, which is four days shorter than the statewide yearly average.
What Are Some Relevant Facts And Statistics Regarding Home Selling In Florida?
What we have discussed above is, of course, only a minor part of the greater picture. If you’re thinking about selling your property in Florida, we’ve put together some of the most relevant facts and statistics to look at before making a decision, such as monthly inventory, sale prices, and more.
Facts and Statistics
- From the time of listing to the time of closing, the average time to sell a home in Florida is expected to be 87 days in 2022-23. In addition to the standard 35-day closing period, it takes 52 days to get an offer.
- Local market conditions (e.g., buyer demand, job market, rising home values, etc.), the time of year, and your property’s kind and condition all play a role in the time it takes to sell your Florida home.
- You and your agent’s listing strategy (price, promotion, and networking), as well as the buyer’s finance condition (the amount of time it takes them to have their loan approved), have an impact on the time it takes to close your deal.
Is Personal Preference More Important than the Right Time to Sell?
If your circumstances change unexpectedly, you may need to list your home during a slower month or season. Yes, that’s fine! When it comes to deciding when to put your house on the market, the most significant element is your own personal preferences. Put yourself front and foremost in the decision-making process.
If you’re seeking to move to a bigger property or a better neighborhood, you might want to consider timing your sale. However, waiting for peak market circumstances isn’t worth missing out on a wonderful work opportunity or delaying an essential life goal like retirement.
How to Sell Your Florida House Quickly?
Now that we know the relevant statistics and facts about real estate in Florida, and we also know that July is the best time to sell your home, we will take a look at some tips that can help you quickly sell your home in Florida:
● Set a Reasonable Price
It may be tempting to set a pricing goal and stick to it in a competitive market like Florida. It’s possible that this strategy will finally work in your favor. A buyer who’s willing to pay your target asking price is likely to come along if it’s reasonable. It’s possible you’ll just have to be patient and accept the possibility that it won’t happen right away.
However, if we’re trying to move inventory quickly, we’ll have to make some concessions. If you’re trying to sell quickly, taking a little lower but respectable offer could spare you days, weeks, or even months of haggling.
● Make Necessary Repairs
You want to create a good impression on potential buyers when you put your house on the market. In order to prepare for this, you’ll want to do everything you can to make your house sparkle.
Everything from repainting that cracked mailbox to buffing your hardwood floors might make a tremendous difference now that you’ve finally gotten around to it.
It’s usually better to talk with your real estate agent if you have more significant difficulties, such as problems with the foundation or structural integrity of the home.
● Staged Homes Sell Quicker
Open houses and private showings of your property can benefit from staging your home in order to attract potential purchasers. Buyers should be able to imagine themselves living in your property if they eliminate any obstacles.
If your living room is cluttered with family photos or kid’s toys, this could be a bit of a challenge. Staging your home can increase the value of your home, even if you don’t think it’s required. Staging increases a home’s resale value by 1 to 5 percent, according to research.
When you hire a professional, they will assist you in removing or reorganizing furnishings, improving your curb appeal, and creating a home where purchasers can see themselves living comfortably.