Whether you are buying or selling a home in the Naples housing market, knowing the state of the market before you begin your real estate journey is invaluable information. The conditions of the market will dictate every aspect of your sale or purchase, including the price, terms and timeframe. When you know whether you are in a buyer’s or seller’s market, you can make informed decisions and develop a plan of action that will maximize your chances of success.
Because the market tends to fluctuate in a short period of time, it is crucial to have up-to-date information on the state of the Naples housing market. Here we explore how the market will change in 2023 and what it means for you and your real estate transaction.
What’s a Buyer’s Market Versus a Seller’s Market in the Naples Housing Market?
The type of market matters. When you know what type of housing market you are dealing with, you can better anticipate potential problems and successes.
In a buyer’s market, the conditions of the market favor that of the homebuyer. This means that the supply of homes is high and the demand is low. In this market, homebuyers have the ability to take their time before putting in an offer and, once an offer is made, have greater power in negotiating the price and terms they want.
A seller’s market, on the other hand, favors the home seller. When the homes available for sale aren’t adequate in numbers to satisfy the demand, you are in a seller’s market. This means that, as a home seller, your home will sell quickly and for a higher price than in a buyer’s market. It also means that you will have the upper hand when negotiating the terms of the deal.
Is Ocala, FL a Buyer’s Market or a Seller’s Market?
As we wrapped up 2022, the Ocala, FL housing market was a seller’s market. However, conditions have changed and, going into 2023, the market is trending towards a neutral market.
A neutral market means that the supply of homes is adequate to meet the demand. Homes sell at an average rate for an average price and neither the home seller or the homebuyer has the advantage during negotiations.
In a neutral market, the terms of the sale or purchase of a home can go either way. This is why it is crucial to have an experienced realtor by your side to help turn the tables in your favor. From negotiating the terms to getting the price you want and need, an expert realtor has the tools to make your real estate transaction a success.
Buying or Selling a House in Ocala, FL
If you’re ready to buy or sell a house in Ocala, FL you don’t have to rely on the conditions of the market to win big. The knowledgeable realtors at Your Home Sold Guaranteed Realty - The Cachon Team can help. We’ll protect your interests, advocate on your behalf, and leave you thrilled with the terms of your deal before signing the dotted line.
Start right away by calling us at (239) 399-5432 or completing the form below. Don’t wait for the market to change again – reach out to us now!