It can be tough to decide when to buy or sell your house. Interest rates seem to fluctuate overnight, and depending on where your house is located, the population growth rate can affect the market on a week-to-week basis. More people coming into the area means that housing will be at a premium. Your best bet is to talk to your realtor about when the best time would be for your needs, depending on whether you are buying or selling a home. In the meantime, a little research never hurts!
In Florida, the best time to sell a house is in the first half of July. Sellers frequently get a premium of around $1,400 during those two weeks. You’ll probably also want to plan ahead if you intend to put your house up for sale around then; realtors often advise at least two months to make any minor cosmetic repairs, like touching up paint or tidying the garage. Plus, right now houses tend to stay on the market for a little more than three months before they finally sell, so that is a factor, too.
If you’re hoping to buy a home in Florida in the near future, timing is everything. It’s still considered to be a seller’s market right now, so if you’re hoping to avoid paying that extra premium for a house, you may want to wait for the off season. Buyers in July and August tend to pay around the listed price or slightly higher for most homes, while those who wait until winter have a better chance of saving money. However, if you go that route, you should know that you’ll have fewer homes to choose from. On the other hand, sellers are likely more prepared to make a deal if their house has been on the market for a while with no decent offers. That kind of negotiation takes skill and finesse, so check with your realtor. They should know the best way to get you a good deal.
All in all, the housing market can be a tricky thing to navigate, and it’s best to have some experienced professionals on your team whether you are hoping to buy a home or looking to sell one. Realtors in your area will have all the information you need and more. Good luck!