Tough financial decisions are a challenge to make, and it is necessary to have as much information as possible at your disposal to make the right choices for yourself and your family. In the real estate industry, these decisions are ones that you actually have to live in for a long time, so it is vital that you make the right ones. If you are wondering if now is a good time to sell my house in Fort Myers, you need to pay close attention so that your questions can be answered.

In the last year, interest rates and mortgage rates have both been skyrocketing as a response to soaring inflation. Additionally, there have been fears of a recession happening, so making financial choices right now has become a very serious issue. This is why home sellers have been thinking twice about actually putting their homes on the market for sale or waiting until the market returns to a more normal level.

Our team at Your Home Sold Guaranteed Realty of Greater Florida understands these issues and is happy to help you through any tough decision-making process you may be entering. In the following report, you will discover an in-depth look at the housing market in Fort Myers as well as the benefits and disadvantages of selling now or waiting. You’ll also find some tips for helping you achieve your real estate goals.

Is 2023 a Good Time to Sell My House in Fort Myers?

Fort Myers is a continually growing and thriving city in Florida, and it remains that way due to several favorable factors. These include climate, tourism, the job market, and international home buyer interest. Making an investment in a house in Fort Myers remains a positive idea.

While high interest rates, inflation, and high mortgage rates have all affected Fort Myers, it has not stemmed the growth or desirability of the area. This even includes the seasonal housing market. In fact, there has been a 4.3% increase in home values in the last year, so the market for Fort Myers is definitely appreciating even in trying economic times. 

Home Sales

Although about 10.1% of homes were sold above listing price, the median sale to list ratio stood at 0.974. This indicates that home sellers were getting almost full asking price, but there may be some room for negotiating for home buyers. 

Fortunately, it only takes about 17 days, on average, for a home to sell after having been listed, so home buyers will need to act fast. Homes are in high demand and supply is limited, so now is definitely a positive time for home sellers to list their homes for a quick and profitable sale. 

Within the next year, Fort Myers and the larger Southwest Florida region is expected to have a very slight decrease and then a significant increase of 4% by April 2024. Currently, the median sale price was just under $400,000, a 3.6% increase from the previous year. Home sellers should definitely consider now to be a good time to list their homes for sale.

Should I Sell Now or Wait?

At Your Home Sold Guaranteed Realty of Greater Florida, we often get the question, “is now a good time to sell my house in Fort Myers?” The answer can depend on a variety of factors, including your specific personal circumstances that can definitely dictate what you are able to do right now. 

For some home sellers, it is possible to wait to see if the market gets any better or interest rates decrease slightly. This can make a huge difference when it comes to attracting more interested home buyers. However, other home sellers need to get the home sold more quickly due to circumstances like having a new family member on the way or transferring to a new job. In those situations, it is best to rely on a realtor who can work to make sure you get the most for your home.

Inflation’s Impact on the Market

Those with the flexibility to wait can weigh their options more carefully. 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 is definitely not the ideal time to try to sell a home. The economy, however, is difficult to predict, so it is best to keep your eye on it and work with a realtor who has your best interests in mind. Selling now may be a surefire way to avoid any delays or losses caused by a recession.

Another important factor is your personal mortgage rate you will face when you buy your new home after selling your current one. You may be facing a high rate as well as fierce competition from other home buyers in your situation. This is a lot to keep in mind, and our realtors are here to help with that. We will work with you to ensure you get the best price for your home and are selling at the most opportune time.

Best Ways to Achieve Your Real Estate Goals

When you are preparing to sell your home, it is vital that you get it in move-in ready condition. No home buyer wants to invest in a home that isn’t ready for them to start unpacking boxes and get their lives in order (unless they want a fixer-upper). If the home needs repairs or renovations, it is best to make the investment now so that you can sell for a higher price in the end. 

Home buyers will even be willing to pay more for a house that is pristine because they know how competitive the market is right now. So, to ensure that a home buyer acts fast when investing in your home home, be sure to 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

Sell a Home in Fort Myers Fast and for Top Dollar with Our Team

Have you and your family made the decision to sell your home? Are you wondering if now is a good time to sell my house in Fort Myers? You need the assistance of an experienced real estate team such as ours at Your Home Sold Guaranteed Realty of Greater Florida to give you the advice, information, and resources you need to help you achieve your real estate goals. We will answer your questions and address your concerns so that you can always feel confident that you are making well-informed decisions.

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!