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Greater Orlando Real Estate Report 1-15-20

Is now the right time to move? Let’s dive into why results from a recent survey suggest that it is!

Is Now the Time to Make a Move?

great time to buy or sell your homeHave you been contemplating buying your next home or selling your current one? According to a recent survey released at the first of the year by Florida Realtors, if you’re looking to make a move, now is the time!

What do the Numbers Say?

Of the individuals surveyed, 63% believe it is a good time to buy. 33% of that 63% believe very strongly that now is the time to buy if you’re in the market to do so.  Let’s look at additional statistics from the survey that suggest now is the time to enter the real estate market as either a buyer or a seller.

  • 74% believe now is a good time to sell
  • 41% predict that local home prices will stay the same in coming months
  • 48% think home prices will rise in the future
  • 11% believe we will see a reduction in home prices in the future

Why is Now the Time to Buy and Sell?

There are a few different factors as to why Americans believe that if you’re looking to buy or sell in the real estate market, now is the time.

  • The job market is strong
  • The economy is steady
  • Mortgage rates are low

These three factors create a combination that makes people feel secure in making a large investment. A home is a large investment and security is appealing to those looking to purchase their next home or move on to the next chapter of their lives.

Are You Ready to Make a Move?Prepare for a home inspection before you put your home on the market

My team and I understand when it comes to selling your home, you want to get top dollar. Likewise, when you purchase your new home, you want to get the best price possible. Whether you’re looking to do one or both, we can help you navigate the real estate waters and get started on the next chapter of your life on the right foot. Feel free to contact me or call 407-330-2181 with any questions you might have! Until next time, this is Gitta! Have a great week!

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