Are You Considering Selling Your Home?
Now May be one of the best times in recent history.
If you're wondering whether you should sell now or wait, you might want to consider getting off the fence sooner rather than later.
As an experienced and active South Florida real estate agent in Boca Raton, I see aspects of the current real estate market daily and remember previous cycles of ups and downs.
Depending on your property type and location, there may be very little competition on the market, and prices are likely to be up considerably from just a few years ago. I am seeing price growth easing up lately, and more properties staying on the market longer when they are listed at overly ambitious prices.
Homes and condos in South Florida that are priced to the market and attractively listed are selling quickly. My listing inventory keeps selling out. If you are considering selling and would like a free market analysis with no obligation, I welcome you to contact me.
In my experience, areas that are especially hot right now and selling well include:
- Single family homes zoned for highly rated schools in Boca Raton, Wellington, Parkland, Jupiter and Boynton Beach.
- Waterfront condos with great views of the ocean or Intracoastal Waterway. End or corner units and direct views are a plus.
- Homes with high "walkability", near pedestrian areas like Atlantic Avenue in Downtown Delray Beach and Mizner Park in Boca Raton, or within an easy walk to the beach.
- Single Family Homes, townhouses and condos that are updated and move-in ready.
- Investment properties that can be rented right away or already have a good tenant.
- Luxury homes in prestigious neighborhoods in Boca Raton, Delray Beach,Wellington and Parkland.
- Homes in country club communities that do not require mandatory membership or have low membership fees. Higher end homes in mandatory equity country club communities are selling better than they have in years, if they are priced to the market, attractively presented, and made readily available for showings.
- Homes in gated adult communities with amenities are in demand for Baby Boomers escaping the weather up north. Snowbirds are starting to look now for properties for this winter. Some are looking for seasonal homes prior to retirement, while others are planning Florida permanent residence. Advantages to staying one day over six months per year include no Florida state income tax and homestead property exemption.
Interest rates have risen slightly and are likely to continue to rise, so buyers may cool off. Higher mortgage loan interest rates mean higher payments and less buying power, which could also put downward pressure on prices.
Here's a link to an Associated Press Article on Realtor.org entitled "Home Prices rose 4.9% in May, lifted by Strong Sales" Cited causes are the prospect of rising interest rates and low inventory.
Scott has sold a wide variety of properties in South Florida, including investment and commercial property, luxury homes, homes in country clubs, seasonal homes, and waterfront homes.
Scott routinely receives referrals from past clients and recruiters, and from real estate brokers outside the area.
Scott is actively involved in the community, serving on the board of directors and various committees with the Realtors Commercial Alliance (RCA), and the Career Academies Advisory Board of Spanish River High School, among others.
Scott's clients benefit from his extensive experience as a Realtor, business consultant, senior manager, college instructor and entrepreneur, and his exceptional skills in marketing, communication, negotiation, and transaction management.
