South Florida Housing Market: Getting Great Deals in a Buyer's Market


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There has been a growth in inventory in the South Florida housing market. That is not to say that the market has turned cold. But in spite of the increasing number of homes listed on the Multiple Listing Service, sales price adjustments, and slightly longer market waiting times, South Florida housing market experts perceive that good times ahead still remain.

Buyer chariness combined with escalating inventory, peaked interest rates, and a general deceleration have some people saying that the South Florida housing market is transitioning into a buyers’ market. However, for those of you getting ready to sell your homes, you need not despair, if you take an action now.

If you're planning on listing your home for sale just keep in mind that the South Florida housing market is not anymore at multiple-offer market where buyers are pushed to the wall and forced to make a snap decision or risk losing the property—at least for now. Buyers now have the option of taking a little more time on their decisions. Therefore, the initial step that you should take now is getting a home inspection prior to listing your home for sale. If home repairs are necessary, it would be better to address them before any plans are carried out with the property.

It is amazing how even a minor furbishing up, which costs a mere couple of hundred dollars can delay a sale or even cause a several hundred-thousand dollar sale to not push through. Sellers need to know that when this happens, then almost certainly they have been erased from that buyer’s list, and deserve no further consideration.

Buyers look at things very critically. Ideally, when showing your home it should appear clean and free of clutter. This implies that if you do not have room and storage space to tuck away items, they need to be boxed up instead.

Remember, usually, you only get one chance to make a first impression on a buyer. When buyers walk out of the door of a home that was not as nice as the last one that the buyers saw, they are definitely not going to go back for a second look.

Paradoxically, even though most sellers have been buyers, they often do not remember how to look through a buyer’s lens when they are selling their home. So often sellers get scurry and are busy with other things that they do not keep the house up to maintain a presentable overall look. They mistakenly suppose that a buyer will be able to see the beauty beneath the mess.

Dirt is not just dirt. It also can establish an atmosphere that can be oppressive. Most people do not like untidy homes and often remark about them when they leave. So it is very important for people to exert that extra effort and maintain its cleanliness so that the house remains to be inviting. Another sure-fire way to clean up a home is to give it a fresh coat of paint and new carpet.

Finally, before you list your home for sale in the South Florida housing market , visit the other similar homes in your neighborhood. This way you will be able to see exactly how your home compares from a buyer's perspective.

Earl Juanico


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