When it comes to entering the real estate market, many individuals have concerns because of the economic challenges that have been affecting the entire nation. Those who are thinking about moving are also wondering if now is a good time to sell my house in Southwest Florida. It can be a challenging question to answer without the right information and guidance. 

From 2022 and into 2023, interest rates have been skyrocketing, inflation has been soaring, fears of a recession have been floating around, and other economic issues have made real estate choices even more difficult. This has given home sellers pause when it comes to actually putting their homes on the market or waiting. 

At Your Home Sold Guaranteed Realty of Greater Florida, we understand these concerns and are ready to discuss your options in the current real estate market with you. Below, you will find a thorough explanation of the housing market in Southwest Florida right now as well as pros and cons of selling or waiting to sell. We have also given you a few tips for achieving your real estate goals.

Is Right Now a Good Time to Sell My House in Southwest Florida?

In Southwest Florida, there are several factors that continue to keep the market very favorable for home sellers and competitive for prospective buyers. These include the climate, job market, tourism, and international buyers. All of these factors help to maintain the desire for home buyers to make investments in Southwest Florida. 

Although the area is still affected by high interest rates and inflation, the market still favors sellers. The demand for housing (including season housing) remains high while inventory is lower than needed. Even if mortgage rates continue to rise as they have been, this will likely not have an effect on the Southwest Florida housing market.

Home Sales

Even though the total sales in the area was down 29.9% year-over-year in February 2023, this was mostly due to an historic February 2022. Currently, there is a much lower inventory in specific price ranges, leading to much higher rates. 

As of April 2023, the median listing price was just under $400,000, a 3.6% increase from the previous year. Home sellers can expect about 62 days on the market until a sale for the average home, but this will vary depending on a variety of factors concerning the house. It is still an advantageous time for home sellers to list their houses, and home buyers will need to act quickly if they want an affordable home in a desirable location.

Sell Now or Wait: What To Do

So, what is a home seller like you to do when it comes to making the decision to sell now or wait until the market changes again? If you’re wondering, “is now a good time to sell my house in Southwest Florida,” the final decision you make will depend on your specific personal situation. 

If your home has gotten too small for your growing family, for example, you may not have much time to wait. The same is true for those who have gotten a new job out of town and need to relocate. In these situations, you will need the expert help of a skilled realtor. 

Inflation’s Impact on the Market

If, however, you have time and flexibility to delay, you may take the opportunity to weigh your options and all of the factors that go into this decision. Since the Federal Reserve has raised interest rates throughout the first part of 2023 and inflation remains high, there is discussion among economists that a recession may be coming in the latter half of the year. 

As you may have guessed, though, it is impossible to accurately predict what the economy may do, so it is important to continue to pay attention to it on a regular basis. If a recession is likely to happen, though, selling sooner than later would be a better option. This avoids trying to sell during the recession when home buyers are far less likely to feel comfortable taking the leap into the real estate market.

Another consideration is the mortgage rates you will be facing if you are planning to buy another home while selling your current one. You too will be facing the same mortgage rates as your home buyers are and you may be encountering fierce competition from other home buyers in the area to which you will be moving. 

If this seems like a lot to consider and keep track of on your own, relying on the assistance of a real estate professional is always a good idea. Our team at Your Home Sold Guaranteed Realty of Greater Florida will be happy to help you throughout the process, including selling your current home and buying a new home.

How to Achieve Your Home Selling Goals

One of the most important aspects of being able to sell a home quickly is making sure that it is move-in ready. No home buyer wants to buy a house and then have to do a ton of work just to make it liveable. Most home buyers want a move-in ready, turnkey house – that’s what they are paying for!

In a very competitive market, home buyers will even be willing to pay more for a home that is in pristine condition. No repairs or renovations needing to be done will ensure that they get peace of mind with their investment. Here are some important preparations to make on your home before you put it on the market:

• 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

Our Realtors Will Sell a Home in Southwest Florida Fast and for Top Dollar

Are you ready to sell your home and want to make sure that now is the right time to do so? Our team at Your Home Sold Guaranteed Realty of Greater Florida is available to answer any questions and address any concerns you may have about the home selling process. We 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. 

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!