Across the United States, the real estate market in recent years has seen some dramatic shifts, and Florida is no exception. The COVID-19 pandemic created considerable changes in real estate, and the repercussions are being felt today in 2023. Look no further for our expert tips for selling your home in central Florida.
With the help of our tips, you’ll get under contract fast! Consider selling your home to a We Buy Houses company for a quick, cash sale. Then quickly find a new place to call home.
Florida Housing Market
2023 has proven to create a significant shift in the Florida housing market. In January 2023, homes in Florida spent an average of 65 days on the real estate market, up 66.7 percent year-over-year. Home values are starting to decline slightly as inventory rises (which explains the extended time spent on the market). Utilizing these strategies to sell your home will help you combat the shifting demand in the Sunshine State.
Sell Fast & Efficient
Knowing that the market is starting to swing more in favor of buyers, you must consider your options for selling your home quickly and efficiently.
- List with an agent
Our first option for selling your central Florida home is to work with a professional real estate agent. Agents are trained to know how to respond quickly to the changing market. They can help market your property and get it sold quickly. A real estate professional will list your property on the Florida Multiple Listing Service (MLS), the best way to get top dollar from your investment. You can get an all-cash deal by using the MLS, which is also another great way to speed up the process of selling your home.
- iBuyer
Consider selling your home to an iBuyer company. These instant buyer companies will buy your central Florida home for cash and can close in as little as seven days! One downside to selling to a iBuyer company is they often offer around 70 percent of the property’s fair market value when the home sales in the area are declining (like they are currently in Florida). So keep in mind your profit margins before deciding to sell in this manner.
- We Buy Houses
A third option to get your home under contract is to sell to a We Buy Houses company. Again, these companies often buy in cash and close in around two weeks. Companies like these can tend to make lower offers, so be sure you understand the current market value of your home before agreeing to one of these contracts.
- Sell For Sale By Owner (FSBO)
If you know someone interested in buying your home, listing FSBO isn’t a bad option! Although you will lack the expertise a real estate agent can provide, you will save some commission fees. On average, 77 percent of FSBO home sellers closed on their homes within two weeks because they knew someone wanted to buy their homes. Know that selling FSBO isn’t for everyone. You will lack guidance, professional insight, and marketing. However, it is a notable option for some sellers with a severe buyer in mind.