Greater Seminole County Real Estate Report 6-17-20: It’s a seller’s market in Florida. Here’s what it means for you!

Why is it a Seller’s Market in Florida?

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You may be thinking about selling your home, but not sure if you should do so due to the COVID-19 pandemic. Let me assure you that now is the best time to put your home on the market. It is a seller’s market and here are the reasons why!

Inventory Shortage is to Your Advantage

Florida is still experiencing an inventory shortage of homes in the lower brackets. This means that when your home is priced right, buyers will jump on it. In fact, you may end up with a multiple offer situation. Chances are good that you will sell your home for more than the asking price due to an increase in competition.

Financing is Easier to Obtain

Thanks to COVID-19, obtaining financing has never been easier. The ability to borrow money with rock bottom interest rates is persuading many buyers to begin looking for a new home. Many of these buyers weren’t previously in the market for one.

In a Seller’s Market, You are in the Driver’s Seat

Demand drives competition. In a seller’s market, you likely will not have to lower the price of your home to make it sell. This is especially true if your home is priced right. You will have more freedom to decide which offers you like and how much you are willing to negotiate. This is different from a buyer’s market in which you may have to bend more than you would like just to get your home sold.

Ready to Sell?

If you’re ready to sell, you need the services of a professional, experienced realtor who will make sure you get top-dollar for your home. Here at Gitta Sells, my team and I will help through every step of the home selling process and even provide complimentary staging services to make sure your home looks its best. Feel free to contact us today with any questions you may have at gittasells@gitta.com or 407-330-2181. Until next week, stay safe!

 

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