How to Sell Your Home Fast In The Current Market
Your home is likely you’re biggest investment. So in any market, you want to make sure you enter it competitively and strategically so you get the most for your investment— and also in a reasonable amount of time. Listing your home is not the place for “what-if’s.”
As we wrap up the spring season in Orlando and around Central Florida, the market has shown some shifts. Before we get into how to sell your home fast in the market right now, let’s see how homes are selling in our area.
The recent numbers show a rise in inventory and fall in home sales, which both indicate that the spring selling season may be balancing out.
State of the Market Around Central Florida
Overall sales fell 27.2% from April 2023 compared to April 2022.
Inventory in Central Florida rose dramatically from this time last year— a 92.8% increase.
The median home price for April was recorded at $370,000, which is the exact same from April of last year. Pointing to the fact that prices in Central Florida have stabilized.
April’s average interest rate was 6.4%, up from the 4.9% buyers experienced in April of 2022. This comes after three straight months with rising rates.
Homes spent an average of 52 days on the market in April, compared to the 24 days on market that sellers last April saw.
Distressed properties only accounted for .7% of all home sales in April.
What Does All This Mean?
More inventory + More days on market = More buyer power.
However, don't get confused by assuming we are in a depressed market. Despite higher interest rates, prices have remained steady, in fact identical, to this time last year.
6 Strategies for a Speedy Home Sale
1. Pricing your home correctly is KING.
Price the home correctly to attract potential buyers. This means collaborating with me to determine a price that accurately reflects the current market value of your property. It's important to consider multiple factors, including the impact of higher interest rates on buyers' affordability, when discussing a home's valuation.
2. Tackle the honey-do list now.
To ensure that your home appeals to potential buyers, it's essential to take care of any necessary repairs and improvements before listing it on the market. Although we're still seeing multiple offers on properties that are conditionally upgraded and priced correctly, with higher interest rates, buyers are becoming more selective when it comes to homes in need of repair. Let's work together to identify any areas that need improvement and ensure that your home is in its best condition to attract many interested buyers.
3. Spring clean before you list.
Before listing your property, it's a good idea to do some spring cleaning and decluttering. Remember, when it comes to staging your home, less is often more. Removing excess clutter and personal items can make the space feel larger and more inviting.
4. Stand out with photos AND video.
Utilizing professional photography and virtual tours can help attract more potential buyers and increase interest in the property. One way to make your property stand out online is by utilizing Zillow 3D Home tours, which provide potential buyers with an immersive and interactive virtual experience of the home. Take a look at the videos and photography I captured on some of my recent listings here!
5. Remember it’s worth it to be flexible with showings.
To maximize showing activity, it's crucial to be flexible with scheduling showings, especially during the first few weeks after listing your home. During this time, it's important to keep your home in show condition and avoid planning any major events or parties that could interfere with potential showing requests.
6. Trust that you’ve chosen the best Realtor partner.
I'll be with you every step of the way during the selling process to help you navigate the market, market the property effectively, and negotiate with potential buyers. With my experience and expertise, we can sell your home quickly and for a great price. Just like I’ve done with these clients!
A Few Reviews From Zillow…
While this wasn’t our first time selling a home, it was by far the BEST home selling experience thanks to Jenny! She was extremely organized, thorough and was always thinking 10 steps ahead. From the moment our home listed to the day that we closed, I knew she had our best interest at heart. I’m beyond grateful for all of her hard work and perseverance in making this process as smooth as possible while also getting us top dollar for our home. And if you’re looking for a knowledgeable realtor you can trust that treats your home as if it were her own, look no further. Thank you Jenny! We appreciate you more than words can say. — Sold a Single Family home in 2022 in Apopka, FL
I am very pleased with my decision to have Jennifer as my realtor when I decided to sell my home. Jennifer was very knowledgeable, very familiar with the current market, efficient and worked hard to give me the best outcome with my home sale. She was readily available and communicated with me every step of the way. It was a pleasure working with her. Not only is she a great realtor but she is also thoughtful. Check out the basket she put together for me on my signing day. I highly recommend her. — Sold a Single Family home in 2022 in Oviedo, FL.
Jenni was INCREDIBLE to work with! She is so knowledgeable on all things real estate. She made a very stressful process of selling a house AND buying a house enjoyable and helped to curb our stresses by constantly keeping us informed and simply checking in on us. My husband and I only had 1 neighborhood we were considering and she was able to make our dream a reality (even in a very tough market). She opened our minds to many things we weren’t even aware of- like a lease back in the sell of our house. We were able to lease back our house while we searched for our dream home and that took a lot of stress off of us! Without Jenni suggesting this, our offer would not have been chosen over many other offers. We are so thankful for her knowledge and care during this whole process! — Sold a Single Family home in 2022 in Winter springs, FL.
