Sell Your Home Now – Tips from Real Estate Broker in Orlando Florida
If you own a home in Orlando, Florida, now is the best time to sell. The following are some facts about the real estate market in Florida from a professional real estate broker Orlando, Florida that every home owner should know:
The market is cyclical
The real estate market is cyclical. There are seasons when the prices are low and when they shoot up. The market is currently a seller’s market. If you bought your home in the 2006 seller’s market for $250,000, for example, it would have been worth only $100,000 in 2009.
However, the real estate market in Florida has been recovering and home values have skyrocketed. Although prices aren’t as high as many would like, it’s a great time to get a good price for your home.
Prices may stagnate in the near future
Home prices in Florida should continue to rise for the next couple of years. However, when the interest rates go up, the prices will stagnate. If you’re planning to sell your home, now would be a good time to start looking for a buyer.
Prices in Florida are affected by the weather
Florida is prone to flooding and hurricanes. When a hurricane hits, you can expect house prices to fall by as much as 30%. Many people move to other parts of the country leaving their flooded homes behind in foreclosure.
It is therefore best to sell your home before any such event occurs. This ensures that you get a great price for it.
Sell your home as a vacation home
There are many people from other countries investing in vacation homes in the US. You may get a better price for your home by selling it as a vacation home. A real estate broker in Orlando, Florida can help with this.