Are you ready to downsize? Or maybe you’re moving to the Tampa Florida area and is looking for a home that fits your specific needs.
Did you know that there is NO COST to hire a buyer’s agent?
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Why Choose A Realtor To Sell Your Home
You’re thinking of selling your home but you don’t want to pay a Realtor.
A Realtor is a great asset to any home owner.
A Realtor comes with negotiation skills that most homeowners may not possess.
A Realtor comes into your home and is brutally honest with you about what you need to do to get the highest possible offer for your home. Realtors have knowledge on buyers and their preferences.
A Realtor has no emotional connection to your home and can negotiate with a buyer from a financial perspective versus an emotional perspective.
A Realtor spends their time marketing your home to prospective buyers. They do all your showings and open houses. They make sure that they are showing your home to buyers that are ready to buy and home buyers that can afford to buy right now
A Realtor can tell you what your home is worth. Realtors have access to data on each neighborhood , what homes are selling for and what they are appraising for. Most Realtors will give you a FREE CMA so take advantage of that and contact one today.
A Realtors takes care of all the paperwork involved in your real estate transaction. The Offer and the Negotiating Process. Inspections & Appraisals.
Contact a local Realtor for your free CMA
If you want to buy or sell a home, it’s important to know if it’s a buyer’s market or a seller’s market. Here’s how.
Buyer’s Market Definition
A buyer’s market occurs when the supply (available properties for sale) exceeds demand (the number of buyers seeking to purchase properties). If you’re buying a new home, a buyer’s market is the ideal time to make your move. You might be able to buy a great home for a lower cost than you would in a seller’s market.
If you’re trying to sell your property in a buyer’s market, your home may remain on the market longer before you’re able to secure a buyer due to the large number of available properties. You may also have to lower your listing price or make other concessions in order to secure a buyer.
Seller’s Market Definition
A seller’s market occurs when demand exceeds supply, or there are more buyers seeking to purchase properties than there are available homes on the market. This often leads to multiple buyers interested in a single property, resulting in bidding wars. A seller’s market is a fantastic time to sell your home as you could secure a sale price that’s higher than your listing price, or at least more than your bottom line (the lowest price you’d be willing to accept for your home).
If you’re buying a home in a seller’s market, be aware that the seller has the advantage. If other buyers are interested in the same property you’re making an offer on, trying to get a lower sale price probably won’t work to your advantage. In fact, you could lose the opportunity to purchase the property altogether if a competing buyer makes a higher offer. Seller’s markets are sometimes called “renter’s markets” for this reason; sometimes potential buyers need to keep renting until they can save up a higher down payment and compete with other buyers in the market.
How to Determine If It’s a Buyer’s Market vs. Seller’s Market
The real estate market goes up and down depending on the season. There are usually a lot more homes for sale in the summer months (June – August) than any other time of year. That means that it could be a seller’s market in the winter but a buyer’s market in the summer. Whether it’s a buyer’s market or a seller’s market also depends on the area. Cities with a lot of available jobs and growing industries will often be a seller’s market, while those with struggling economies will be a buyer’s market.
One way to determine if it’s a buyer’s market or a seller’s market is to look at inventory, or the number of homes for sale. If inventory is low, it is most likely a seller’s market. If the current level is below 0%, that means that there are fewer homes for sale now than during this time last year, and it could be a seller’s market in your area.
Buying & Selling in Different Types of Markets
A local real estate agent will be able to come up with a strategy for getting the best deal, whether it’s a buyer’s market or a seller’s market. If you’re selling, they’ll know how high of a price to ask for, and if you’re buying, they’ll know what you need to offer in order to compete with other potential homebuyers (or sway the homeowner to accept a lower price).
Article taken from Redfin.com