Today, I’ve got a couple of questions I’d like to answer in relation to our Southwest Florida market: Who’s buying, and what’s selling?
Looking to sell your home? Get a FREE home value report.
Recently, everyone has been asking: “What is selling, and who is buying?”
Let’s talk about the second half of this question first.
What we’re seeing today is the largest variety of buyers we’ve seen all year. Right now, there are a lot of locals who are looking to buy. This is especially true for locals who work in a profession dealing with seasonal folks. These locals want to buy or sell before things get too busy.
Additionally, some buyers want to close before the new year due to tax purposes. Whatever the reason for moving, buyers during this time of year are more serious. Most people want to get into their new home before the holidays.
So, what’s selling in our market? Everything.
This is also the time of year when snowbirds start moving in. September of this year did go a little slowly because of the hurricane, but our October market was strong. In short, there are a lot of buyers looking in our market right now.
So, what is selling? My answer to that would be: everything.
People are looking for single-family homes, gated golfing communities, waterfront properties, condos, villas, and more. It all depends on the buyer. But, inventory is still very, very low. Many people are still dealing with repairs from the hurricane and have been unable to put their homes on the market.
That being said, this gives you a competitive edge if you are looking to list. If your home is ready to be shown, or even if you have just minor, exterior repairs, you are in a good position. We’re actually seeing buyers look at homes that still need some small repairs. Buyers can see beyond that, since many homes in our area are dealing with the same issues.
As long as repairs will be completed prior to closing, or if you as a seller are willing to put the money in escrow, most buyers will feel comfortable and ready to move forward.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
