If you're thinking about selling your home, it's okay to have doubts. The current situation in the world is not as stable as it could be. The global pandemic has shaken up all the industries, including real estate, which is why both sellers and buyers are not sure what to do. For that reason, we want to share more info about the conditions sellers can expect in Ft. Lauderdale. Here are all the benefits for home sellers in the current Fort Lauderdale market, which can convince them to put that 'on sale' sign in front of their properties.

It’s a seller’s market

When explaining a local real estate situation, we should start by answering the question – is it a buyer's or seller's market? Fort Lauderdale is surely a seller's market, another great benefit to know if you're thinking about selling a property. A seller's market means there are more buyers than sellers, which makes it easier to sell a house. The competition among buyers is fierce, and therefore, they are not left with much room to negotiate and drop the price. So, if you're putting a property on sale, now is the time to do it!

You can sell a home faster due to the population growth

Florida is one of the most popular states in the country. This situation has been even more noticeable during the global pandemic. Florida has been one of the states that reported the better epidemiologic situation, attracting more new residents and even tourists. According to some reports, the state of Florida expects about 1000 new residents each day in the next couple of years. Population growth is undoubtedly one of the benefits for home sellers in the current Fort Lauderdale market.

Rising prices bring more profit

Due to previously mentioned conditions, it’s natural to see that home prices are slowly rising. Currently, the median sale price is about $ 425,000, which shows that home sale prices have gone up. This is particularly obvious for homes priced above $250,000 – more expensive homes have become even pricier. That’s why sellers of more exclusive homes can expect more profit after the sale.

Non-contingent contracts

Due to the fierce competition among buyers, sellers are more likely to be offered non-contingent contracts. Buyers often remove contingencies, making the process a lot easier for sellers.

How to sell a home in Fort Lauderdale fast?

Selling a home is not just putting a sign up in front of the property. There's so much more about the process. We will share some tips on selling a home in this area and prepare for moving into your new home as stress-free as possible.

Don’t rely on the stats

Even though this is a seller market, it shouldn't be the only thing to rely on during the sale. Do as much as you can to prepare for this process, so you can expect fast and successful results. Even though this might seem like an easy and quick thing to do, selling a home and relocating, even if you are moving locally, can be pretty challenging, so make sure you're ready for it. Explore the local market, find out prices of similar homes in the neighborhood, interview a couple of agents, hire movers to handle the entire process of moving to your new home, etc.

Hire a good agent

If you don’t know much about the local market, hire someone who does. Experienced Fort Lauderdale real estate agents know the market well and will be able to bring buyers who are perfect for your property. A good agent will guide you through the selling process, give advice about setting the price right and get you the best deal possible.

Set the right price and you will reap all the benefits for home sellers in the current Fort Lauderdale market

Selling a house is all about balance. You don't want to set the bar too low and make your beloved home a bargain. Also, you don't want to overprice the house and cause it to spend more time on the market than necessary. Be realistic about the condition, location, and size of the property, so you can set the price right and sell the house fast.

Let people know

If you want to make a sale quickly, it is essential to let as many people know as possible. Promote your house with professional images and detailed descriptions. Also, don't forget to make videos and a virtual tour of your home. The real estate market has gone online due to the global pandemic. Thus, this type of content is adjusted to the current situation. Finally, use local real estate websites, social media, and word-of-mouth to make sure more people find out about the sale.

Start packing

Home for sale should be staged – which means clutter-free, clean, and tidy. Removing personal items will make the property more attractive to buyers. That’s why you should start packing as soon as you put your home up for sale and let the guys from Vision Movers take your belongings to your new home or storage.

Make your home look good

No matter how much you love your old house, don’t let emotions shape the way you see it in the real estate world. Be realistic about the condition of your property so that you can sell it fast and for the best price. Even though there are several benefits for home sellers in the current Fort Lauderdale market, you need to make some extra effort to prepare your home for it. Apart from decluttering and staging, don’t forget about the first impression. Improve your house’s curb appeal by making minor fixes and improvements that will point out all the good things about it. All of these steps will lead you to a successful sale and one step closer to your brand new home.