Opportunity to benefit from the Florida real estate market is looking a little sunnier - for buyers, for savvy Florida real estate agents and sellers who can find the silver lining. According to a report released by Zillow.com this month, of the 25 cities with the biggest median discounts in August, 14 of them were in the state of Florida.
The Florida city where sellers offered the most significant price reductions was in Vero Beach, where buyers negotiated prices down by 10.2%, a savings of $23,500. Other Florida hot spots were Naples at 7.8%, Daytona Beach at 7.5% and Sarasota at 8.2%.
According to Zillow Chief Economist Stan Humphries, "The fact that many Florida markets are still showing comparatively higher differences between the last listing price and final sale price suggests that inventory levels are still relatively high, keeping considerable downward pressure on prices and encouraging buyers to seek large discounts off the listing price."
Florida just might be the ultimate playground for serious home bargain hunters. And sellers shouldn't be dismayed. Although a property may sell far below the asking price, a great deal on a replacement home can balance it all out.
A combination of low interest rates, lower home prices and a wide inventory variety are encouraging all types of buyers to take action. So, how can buyers and sellers land the best deal and who will help them get it? Guidance from a trained Florida real estate professional is paramount, which is why now might be a strategic time to obtain a Florida real estate license from an online real estate school and benefit from this growing client market.
Need more incentive? Take a peek at a complimentary offer from Allied Real Estate School, check out the course and envision yourself in the Florida real estate agent role.
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