Figuring out the best time to sell a house in Fort Myers is quite difficult, especially if you are not experienced with the process. To remedy this difficulty, working with a skilled and knowledgeable realtor such as ours at Your Home Sold Guaranteed Realty - The Cachon Team can ensure that you make the right choices. We will give you information about the process and discuss factors that you need to consider, including:
Have you decided to jump into the real estate market? In order to properly sell a home, the timing has to be precise in order to achieve the common goals that many home sellers share: selling a home quickly and getting top dollar for their most valuable assets. If the timing is off, the house could end up sitting on the market, losing value and potential home buyer interest.
1. State of the Housing Market in Fort Myers
When it comes to figuring out the best time to sell a house in Fort Myers, one of the factors that is of primary importance is the housing market in the area. Since the COVID-19 pandemic hit, the impact it has had on real estate markets all over the country has been staggering. Prices, inventory, and demand have all been impacted.
The Fed raised interest rates several times throughout the past year, so fluctuations in the market have become the norm. We now are dealing with historically high interest rates and mortgage rates, and this is scaring some home buyers away from the market. Rather than taking a chance to buy now, they are waiting in hopes that the market will level out. However, inventory is still low, which keeps prices very high.
In the Fort Myers area, the market is showing positive trends. April 2023 shows a 3.6% increase in the media home price compared to the previous year. The market remains competitive, and most home sellers are able to get 97.72% of the asking price when their homes sell. It is very clearly still a seller’s market because the demand remains high while inventory is low. Home buyers will need to act fast to get the homes they want.
Over the next few months, the Fort Myers market may experience a slight cool down, but it will rebound significantly as the year ends and 2024 begins. With a projected 0.5% decrease for July 2023, experts predict a rebound of 4%, so the longer term market appears to be bright for home sellers.
As far as mortgage rates, experts have forecasted that they will decrease in the coming months, so home buyers are more likely to try their luck in the housing market once these rates return to a more normal level. If you are looking to list your home for sale, now may be the best time to sell a house in Fort Myers.
2. Seasonal Effects of the Fort Myers Market
When the leaves on the trees start to change colors, that means cooler weather is on the horizon. As the weather gets cooler, the likelihood of a home buyer beginning their search for a new home decreases. It has been found that the seasons affect the real estate market all across the country.
Warmer weather brings out more home buyers, and the demand for homes for sale increases. Few people want to go out searching for a home, visiting open houses, and moving in the cold weather. So, homes that are put up for sale during cold months take longer to sell which means that home value is likely being reduced with every passing day. Home sellers will probably need to reduce their listing price or lose out on interest from potential home buyers.
At Your Home Sold Guaranteed Realty - The Cachon Team, we can make sure that you have chosen the best time to sell a house in Fort Myers. In general, we’re going to tell you that spring is an ideal time to sell, but our realtors will use all of our experience and skills to help you achieve your home selling goals, regardless of the season.
3. Personal Factors Can Affect the Time to Sell
No home seller should discount the effects that personal factors will have on determining the best time to sell a house in Fort Myers. They are just as important as the condition of the home as well as the season of the year.
If possible, you should consider waiting to put the house on the market until peak sales season, but some home sellers need to list it more quickly due to personal factors such as employment changes, illness, divorce, and other issues that can affect a home seller’s ability to choose the ideal time to list their homes.
No matter the circumstances, our team at Your Home Sold Guaranteed Realty - The Cachon Team will make sure that you know all of your options when selling and ensure that you have done all you can to optimize the time you have chosen to sell it. We will work diligently to make sure you get top dollar for your home and that it sells quickly.
4. Best Ways to Sell a House in Fort Myers
If you have decided that now is the best time to sell a house in Fort Myers, there are some surefire ways to prepare your home for viewing by potential home buyers. The first way is to make sure it is able to leave a great impression on them. You can do this by getting your home in pristine condition and ready for move-in.
Some of the top tasks to complete regularly include:
- Deep cleaning
- Tidying the house
- Power washing the exterior
Potential home buyers will be scrutinizing every aspect of the interior and exterior of your home, so make sure they are both as pristine as possible.
Secondly, you may want to consider professionally staging your home. Using neutral color palettes and general home decor will ensure that home buyers can envision themselves (and their belongings) already occupying the house. Having your personal items throughout the home can be distracting.
It is critical that you are working with a top real estate team such as ours at Your Home Sold Guaranteed Realty - The Cachon Team to make sure you can get top dollar and sell quickly. We are committing to giving you the best possible experience and guiding you through the entire process from listing to closing. Your home selling goals are our home selling goals!
Find Out the Best Time to Sell a House in Fort Myers with Our Team
Have you and your family decided that now is the best time to sell a house in Fort Myers? If so, our realtors at Your Home Sold Guaranteed Realty - The Cachon Team are ready to assist you in every way we can. We will ensure you have all of the tools, information, and resources you need to be successful in the Fort Myers real estate market!
And you never have to worry about your home sitting on the market for months at a time thanks to our Exclusive Buyer Profile System. With this system, we will ensure that qualified home buyers in Fort Myers are able to find your home and come see it. Before you know it, you will have an offer faster than you ever expected.
To get more information or to begin your home selling journey with us, give us a call at (239) 399-5432 or fill out the form on this page with the requested information. One of our skilled realtors will send you a detailed response as soon as possible.
We look forward to hearing from you!