It's a sellers market in southeast Florida, no doubt about that. The inventory of homes is so low, buyers are fighting over available properties. Sellers are actually asking more for their homes than it will appraise for and can do this because buyers are willing to pay. But it takes a good real estate agent to educate the sellers on where to draw the line. This kind of market has gone to too many homeowners heads. Some have found out, though, you can still overprice. They have pushed the envelope too far and it has put them in an awkward position. You can not allow greed to take over or you'll be left like a sitting duck.
Buyers know it's tough out there but their still not stupid. Most are willing to bring some cash to the closing table because they understand prices are rising. They know it's better to pay "a little extra" now than "a whole lot" later. But they're not going to bring the whole bank. In this real estate market, you need an experienced and professional Realtor to sell your Broward County home quickly, professionally and provide a profit for you. A good professional, in southeast Florida, needs to study the sold properties and see what the percentage of price increases are. They can tell you where prices are heading and how fast. It's all in the numbers. But the increases are like steps on a staircase. Not giant leaps on a jungle gym! When a hurricane is coming, local business are warned against gouging. The same goes here. Don't let greed get the best of you.
I personally live in Coral Springs and consider myself a Coral Springs real estate expert.
Allow me to assist you with the purchase of your new home.
Thinking of selling your Coral Springs, FL home? Interested in finding out the current market value of your single-family home, condo or investment property? Give me call today to discuss what is happening in the Coral Springs real estate market and how I can best serve your real estate needs. I would be happy to give you a personalized comparative market analysis (CMA) and answer all of your questions. Please fill out the online contact form or give me a call today.
RE/MAX Professionals Real Estate
Coral Springs, FL 33076
This article is originally posted in CoralSpringsBlog.com