Keith Bailey Realtor Florida Real Estate Blog

  The #1 Thing Sellers Need To Know About Their Asking Price #1 Thing Destin Florida Sellers Need To Know About Their Asking Price. When you put your Destin Florida house on the market, you want to sell it quickly and for the best price possible; that’s generally the goal. But too many sellers are shooting too high right now. They don’t realize the market has shifted as inventory has grown. The side effect? Price cuts are on the rise, but they really don’t have to be. Here’s why. According to  data  from  Realtor.com , in February, price cuts were the highest they’ve been in any other February since 2019 ( see graph below ): This isn’t the same frenzied seller’s market we saw a few years ago. You may not get the same price your neighbor did at the height of the pandemic. And that means you may need to reset your expectations. Because here’s the reality. If you shoot too high and have to lower your price after the fact, you could actually end up walking away with lowe...

  If Your Destin Florida House Price Is Not Compelling, It’s Not Selling There’s one big mistake you need to avoid when you sell your house this year: setting  your price too high. It might seem like overpricing gives you room to negotiate or could really boost your profit, but the reality is, it usually backfires. If Your Destin Florida House Price Is Not Compelling, It’s Not Selling In fact,  Realtor.com  says  almost 20% of sellers — that’s one in five — have to  reduce  their price to get their house sold. And you don’t want to be one of them. Here’s why starting  too high  can lead to trouble, and how to avoid it. Overpricing Pushes Buyers Away With mortgage rates and home prices where they are right now, buyers are already stretching their budgets to make a move. So, when they see a house that’s priced too high, they’re not thinking, “I can negotiate.” They’re more likely to think, “next” and skip over your house entirely. An article f...

  Should You Sell Your House or Rent It Out?   When you’re  ready to move , figuring out what to do with your house is a big decision. And today, more homeowners are considering renting their home instead of  selling it . Recent data from  Zillow  shows about two-thirds (66%) of sellers thought about renting their home before listing, with nearly a third (28%) taking that possibility seriously. Compared to 2021, when fewer than half (47%) of homeowners considered renting before selling, it’s clear this trend is on the rise. So, should you  sell your house  and use the money toward your next home or keep it as a rental to build long-term wealth? Let’s walk through some important questions to help you determine the right path for your financial and  lifestyle goals . Is Your House a Good Fit for Renting? Before you decide what to do, it’s important to think about if it would make a good rental in the first place. For instance, if you’re moving ...

  What To Expect if You Buy or Sell a Home This June June is a busy month in the  housing market  because a lot of people  buy  and  sell  this time of year. So, if you’ve got a move on your mind and you’re looking to make it happen this month, here’s a snapshot of what you need to know to make sure you’re ready. If You’re Buying This June A lot of  homebuyers  with children like to move after one school year ends and before the next one begins. That’s one reason why late spring into summer is a popular time for homes to change hands. And whether that’s a  motivator  for you or not, it’s important to realize more  buyers  are going to be looking right now – and that means you’ll want to be ready for a bit more competition. But there is a silver lining to a move this time of year. This is also when more sellers will list – so you should find you have  more options . As an article from  Bankrate says: “ Late spring...

  Why Overpricing Your House Can Cost You If you’re trying to  sell your house , you may be looking at this spring season as the  sweet spot  – and you’re not wrong. We’re still in a  seller’s market  because there are so few  homes for sale  right now. And historically, this is the  time of year  when more buyers move, and competition ticks up. That makes this an exciting time to put up that for sale sign. But while conditions are great for sellers like you, you’ll still want to be strategic when it comes time to set your asking price. That’s because pricing your house too high may actually cost you in the long run. The Downside of Overpricing Your House The asking price for your house sends a message to potential buyers. From the moment they see your listing, the price and the photos are what’s going to make the biggest first impression. And, if it’s priced too high, you may turn people away. As an article from  U.S. News Rea...