Right now, we’re experiencing the best seller’s market in over a decade in Central Florida. This is making it a fantastic time to sell your home right now! There are very few homes for sale, interest rates are low, and Central Florida continues to have population growth with thousands of people moving here every month. These have created the perfect storm of buyer demand and therefore seller opportunity.
Even if you bought your home within the last year, there’s a great chance you’ve already gained tens of thousands of dollars in equity. Median home values in Clermont, FL (34711) are up 15.8% since last year, and a whopping 141% since 2011!
So we’re going over three reasons why, if you own a home in Central FL, you should sell your home now.
But before we get into those reasons to sell right now, here are a few of our other posts you may be interested in:
- 2021 Clermont Monthly Market Update
- The Realtor You Sell Your Home With Still Matters (Even in a Seller’s Market)
- The Most Powerful Force In Our Market: Interest Rates
In our current market, there are so few homes for sale at any given time. The number of new listings in our market is up over last year and on pace with previous years. But it isn’t keeping up with the backlog of buyer demand – and we expect buyer demand to increase even more through the end of the year.
Consequently, when a home is listed for sale, there’s a very good chance there will be multiple offers on it and sell within the first few days in the market – probably for above list price.
For example: we listed a home for sale last weekend, hosted an open house that had over 60 people attend, and got 10 offers – which, of course, only one offer was accepted. That left at least 9 families still on the hunt for a home!
This is the best scenario for you as a seller. More buyers competing for your home = more offers AND higher offers on your home.
High buyer demand, historically low interest rates, and population growth across central Florida have put sellers in the driver’s seat.
Sellers now more than ever have control over the contract they sign, terms they accept, and timeline they close on. With multiple offers comes a range of contract terms to accept, reject, and negotiate on.
For example, things like seller concessions and minor repair requests (which were normal even just last year) have become a rarity.
Selling your home the way you want, when you want, with the least amount of hassle has never been easier. Our team of experts can explain the difference between contracts to help you choose the best one that aligns with your goals and needs.
In the past, getting a buyer for your home within 60-90 days was something to be thankful for. For example, in Clermont (34711), the average days on market ranged from 102 days in 2011 down to 48 days in 2020. Now, we’re experiencing homes selling within the first week – and often within a weekend! – on the market.
The time it takes to close has also decreased. If you get a cash buyer for your home, it’s very possible you could close within a couple of weeks. If you get a buyer who’s getting a mortgage, you could close within 30 days.
Therefore, if you’ve been wondering if you could sell your home before the end of the year – the answer is YES! Imagine: our team could list your home for sale within the next few days, have a contract on it within the first week, and have it sold and done within 30 days – giving you plenty of time to move into another home before the end of the year.
No one can tell you how high the market value will go on your home. Nor can anyone tell you if/when the market will cycle down. If you’d asked us last August what we thought the median home price of Clermont 34711 would be in August 2021, we never would have guessed it would be $375,000 (a 27% increase!).
Now’s the time to sell!
The one thing we can tell you is what we know right now: we’re experiencing the best seller’s market in over a decade. Buyer demand is high and expected to stay high, the number of homes for sale is low, and interest rates continue to stay historically low. Selling a home right now is offering a very high return for relatively low risk.
Is this the sign you’ve been waiting for to sell your home? If so, we’d love the opportunity to serve you! Call/text us at 407-267-2319 or contact us using the form below.