When it comes to getting a good price, the best month to sell a house in Florida is June. However, it is important to note that the best time to sell your house in Florida is somewhat subjective as it usually depends on your specific goals and circumstances.
Reports have it that the median sale price in June is $498,500, which is 14.9% — or $64,750 — more than the annual average. The average time it takes to sell a house in Florida is 79 days — 44 days to get an offer and an additional 35 days to close. This is more or less 2.6% slower than the national average.
Also, note that these are annual averages and the numbers tend to vary by month and/or season. However, the best month to sell a house fast in Florida is May. The median time it takes for Florida homes listed in May to sell is 32 days, which is 12 days faster than the annual average.
Most of the factors that impact Florida home sale timelines include local market conditions (e.g., buyer demand, job market, rising home values, etc.), time of year, and your property’s type and condition. When selling a home in Florida, have in mind that timing will influence how long it takes and the price you’re ultimately able to get.
If you have some flexibility with your sale, you should carry out some market research to bolster your chances of getting the best outcome. Timing the market and understanding the best month to sell a house in Florida is very crucial. It’s pertinent to look at the inventory levels and what direction the price movements are going to not overpay for the home.
If you are looking to sell your old home and purchase a new one, then you are at both sides of the equation (selling and buying). Owing to that, you will need to find the right balance between the best month to sell a house and the best time to buy a home.
Additionally, since you are in a different category of home buying as you still have cash from the sale of your home, you can get ahead of the buying process by being an all-cash buyer so you can have a faster closing time frame with no escrow included.
Tips to Help You Sell a House in Florida
If you’re looking to sell a house in Florida fast and get a good price, here are top tips to consider;
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Understand The Laws In Florida
You need to understand that every state institutes its own laws especially when it has to do with real estate. Have it in mind that in Florida there are certain things you will be expected to disclose to potential buyers in advance. These things include what appliances will need repair if there are any major defects in electrical or plumbing systems, and any legal issues.
Ensure you understand all the laws so your listing is covered. If you are looking to sell a condo, also note that Florida requires a few additional disclosures. Understanding the local laws will safeguard you from major headaches later when you sell your home.
Understand The Costs
Even if you intend to list and sell a house in Florida without a realtor, there will be certain expenses. Not just in Florida, every state has its own set of fees that home sellers are meant to pay, and those should be included in the closing. In Florida, some of these costs include title insurance and costs to cure any survey defects. These costs will safeguard you in case there’s an issue with the title later.
If you intend to sell without a realtor, it’s also a good idea to hire a real estate attorney. A good number of them in the state charge by the hour, but they could be worth it for such a large transaction. Other seller fees to take into consideration include local and state transfer fees and other government-related costs.
Make Small Improvements
According to reports, Florida buyers are sophisticated; the dominant aesthetic in Florida right now is focusing more on minimalism, with clean lines and very little or no visual clutter. If it’s been a few years since your last home renovation, then you should consider making little adjustments and slight touches to make your living space a lot more alluring.
Little changes such as updating light fixtures, doing away with heavy window treatments that restrict light, and hiding personal belongings can make all the difference and also evoke the prospective buyer’s interest.
Set The Right Price
In a fast pace real estate market like Florida, there can be a temptation to decide on a target price and stick to it; nevertheless, note that this approach could work in your favor. If your target asking price is within reason, a buyer who is looking to meet that number will most definitely come along.
You just have to be practical and patient and also know that it might not happen right away. Howbeit, if you want to quickly sell the property, then you may have to compromise a little to ensure that you can sell the property quickly. Taking a slightly lower, but fair offer could save you days, weeks, or even months of negotiations — and it is something to consider if your primary aim is to sell fast.
Stage Your Home
This is, without doubt, a very important tip to consider when looking to sell a house in Florida. Take your time to remove or keep away anything that prevents buyers from seeing your home as their own.
Things such as your family portrait on the wall or your kid’s toys scattered across the living room make it really hard to achieve that aim. While you may see this as an unnecessary step, staging your home will genuinely put more money in your pocket. According to experts, buyers are willing to pay anywhere from 1% to 5% more with a staged home.
Ensure Your Photos Are Excellent
You need to understand that home buyers in this age are more Internet-savvy than ever before, and this means that they expect to get a good view of houses before they even walk in the door. Have it in mind that experienced realtors usually have staff members who can take some very alluring and impressive photos of your house.
You will need to make sure that your interior and exterior photos are exceptional. Ensure to take clear photographs in good natural lighting.
Also remember to post as many pictures as you can, and don’t forget to include the main rooms such as the bathrooms and kitchen. Take wide shots to ensure that buyers can get the “big picture” of the house to ensure that they will feel attracted and obliged to schedule a showing with you.
Conclusion
Selling a house in Florida can be quite tasking. It’s a high-stakes, complex transaction and will require a considerable amount of time and experience to attain a viable outcome.
Owing to that, if you are looking to sell a house in Florida, get the best price, and possibly minimize stress along the way, then you should consider working with an experienced real estate agent. Listing agents understand what local buyers want and how to reach them.