If you're a homeowner in Leesburg, Florida and have ever thought of selling, now may be the time to consider a 'For Sale' sign in your yard.
Are you thinking about buying? There's good news for you too!
Here's why you now is the time to sell in Leesburg:
Less Homes. More Buyers
Simply put, home inventory is low and demand is high.
Buyers want your home - and you don’t have too much competition. In Leesburg, there is a specific demand for homes in Active Adult or 55 Plus Communities.
"Buyers are “waiting” for a home of their interest to hit the market."
“Inventory of homes for sale is at a critically low level in the Active Adult Communities in the Leesburg area.
What a great opportunity to get your property sold quickly, and at a price level that we haven’t seen in years!” - Marilyn Morris, Realtor in Leesburg, Florida.
Rising Home Values
Good news to potential sellers – home values in Leesburg are on the rise!
"Keep in mind, the spike we've seen in home prices may not be the result of a healthy marke
t. It's possibly due to consumer-driven demand versus lack of inventory. Once inventory is back to a normal level, we could anticipate a softening in price. So you don't want to wait for the inventory to rise to sell." Gus Grizzard, Broker/Owner of ERA Grizzard Real Estate.
Curious to see where your home stands?
Find out how much your home is worth here!
Personalized Marketing
As technology evolves, so does Real Estate marketing, and there are a number of new ways to engage with potential buyers.
From 3D virtual tours using Matterport, innovative blog editorials, stunning professional photography, and the strategic use of social media, marketing your home has gone way beyond simply posting the listing to the MLS.
Using a Realtor who provides these enhanced marketing services puts your home at a unique advantage against any competition in the market. Suggest a great Realtor for me.
Low Interest Rates
Interest rates are still hovering around historical lows - this is good news for both buyers and sellers. Those thinking about buying have much more incentive to stop contemplating and take advantage of these rates.
"Inventory is low. There is currently a 3.9 month supply of homes for sale - a balanced market usually averages 7 months."
"We are seeing home values and sale prices in Leesburg increase from this time last year.
Another consideration is mortgage rates. We are seeing 30 year fixed rates in the 3% range, whereas a year ago they were at least a point higher. This makes it very attractive to prospective buyers that want to take advantage of this opportunity before the rates begin to rise," - Crista Moffett, Realtor in Leesburg, Florida.
What Buyers Should Keep in Mind
Waiting to buy may cost you more money in the long run.
The current low interest rates make now the time to buy. When these rates rise, you may end up paying more money even if the home costs less.
Homes Are Selling Quickly
As of July 2016, homes are selling about 12% faster than they were last year!
So, have you considered selling? Now’s the time!
Thinking about selling your home? Find out how much your home is worth:
