Many different factors play a part when it comes to figuring out if now is a good time to sell my house in Bonita Springs. In many cases, the problem is that the home seller has chosen the wrong time to sell the house. Circumstances may have forced the seller to list the home now, but the market is simply not in their favor, and the results clearly show that.

One of the most difficult parts of the home selling process is the potential for the house to sit on the market without any interest from legitimate home buyers. As it stays on the market longer and longer, it becomes clear that the only way to attract home buyers is to lower the asking price. Doing so will ensure that you lose value on the house and regret the decision to sell now. 

At the moment, interest rates and mortgage rates have risen to heights that haven’t been seen in a long time. This is all due to soaring inflation and fears of an economic recession. With COVID-19 behind us, the market is starting to return to normal, but it is extremely important for home sellers to work with a realtor such as ours at Your Home Sold Guaranteed Realty of Greater Florida to guarantee they are able to sell quickly and get top dollar for their homes.

When Is a Good Time to Sell My House in Bonita Springs?

Because of its beautiful location, great climate, and ample tourism, Bonita Springs is akin to many other cities in Florida. They are flourishing and thriving, and the real estate market in the area reflects that growth. Since Florida does not seem to be suffering from the effects of inflation, rising interest rates, and the aftermath of COVID-19 as much as other states are, it is a great time for home sellers to consider reaping the benefits from selling their homes.

In Bonita Springs, the market continues to be a seller’s market, carried over from the same time last year. However, it is moving slightly more toward a neutral market, so some home buyers interested in making an investment in Bonita Springs may end up waiting a bit before committing to a house. In general, homes are selling for 19.3% more than they did last year, and the median sale price is $630,000.

Real estate professionals are able to tell that the market may be turning neutral, in part, because of the number of homes sold under asking price: 85.7%! On average, home sellers are getting 96.8% of their asking price when the closing papers are signed. It has also been taking 92.9% (40 days compared to 21 days) longer to sell a home this year than it did the same time last year. 

Sell Now or Wait: How to Make the Tough Choice

As you can see, the housing market still favors home sellers right now, so it may be a good time to consider listing your home on the market. But how can you truly answer the question, “is now a good time to sell my house in Bonita Springs?” for yourself? This is a question our realtors at Your Home Sold Guaranteed Realty of Greater Florida often get, and our answer is simple. It depends largely on your personal circumstances as well as other external factors. 

Those with flexibility in their home selling time frame could take a moment and see if they can wait until the interest rates reduce. Because the Fed has raised interest rates throughout the first part of 2023 and inflation remains high, some economists have suggested that a recession may be on its way. This has not created the most ideal circumstance for the sale of a home. The economy is very difficult to predict, and you can simply watch and wait for the changes. Keep in mind, though, that a recession would be detrimental to your home selling endeavor.

You should also keep in mind that you will also likely be needing to buy a new home and will be facing your own mortgage rates. This high rate along with fierce competition could result in a very challenging home buying process. Our team is glad to help you get the best price for your home and make sure you are selling at the best time.

Best Methods to Achieve Your Real Estate Goals 

Most home buyers are looking for a house that is turnkey, move-in ready rather than a fixer-upper. This means that you need to make a great first impression on home buyers to get their attention and keep it! Any repairs that need to be done or renovations that could boost your asking price should be completed before you list your home for sale. This way you can ask for more money and expect to get it.

Some home buyers may even be willing to pay more for a house that is move-in ready due to the competitive nature of the real estate market. To ensure that a home buyer acts fast and invests quickly, be sure your home is ready.

Make the following preparations:

• Use a cleaning service to deep clean and sanitize your entire home professionally. That can be a great selling point, especially in the age of post-COVID.
• Invest in a landscaping service to boost your curb appeal and ensure that your home’s exterior is in tip-top condition.
• Contact general contractors to fix urgent repairs, add new paint, and repair big-ticket items like the roof – an investment now will enable you to charge even more for your home.
• Consider a professional home stager to maximize your home’s best features, layout, and natural lighting and help home buyers visualize themselves living in the house

It often occurs that during a buyer’s market, home sellers believe they need to lower their asking price just to get interest. This may not be the case. In fact, you may just be losing money and value. Our team can show you the best way to price your home to sell, regardless of the market. We will also make sure you have a good answer to the question, “is now a good time to sell my house in Bonita Springs?”

Get Top Dollar When We Will Sell a Home in Bonita Springs 

Making the decision to sell your home is an important one, and our team at Your Home Sold Guaranteed Realty of Greater Florida is here to ensure you have all of the information, resources, tools, and guidance you need to succeed. When you work with us, we guarantee you will sell your house quickly and for top dollar. You will never have to worry about whether or not it is a good time to sell my house in Bonita Springs – it always is with us!

Our realtors have plenty of experience and skills in the industry, and we have become the best realtors in the area thanks to our exceptional selling speed. When you work with us, you can rest assured knowing that you will sell your home 50 times faster and for 7% more money than with a competitor.

In addition to our selling speed and expertise, we also have unique home seller guarantees that are simply unparalleled. This includes our Guaranteed Sale Program , which offers home sellers a guarantee that their homes will sell in their desired time frame no matter what. If it isn’t to a home buyer, our team will buy it at the previously  agreed-upon price.

If you are excited to get your home on the market and want more information about our home selling expertise, give us a call at 239-880-3563 or fill out the form on this page with the requested information. We are happy to send you all of the information you need!