Zillow predicts a slowdown in Florida's housing market, so real estate agents recommend buying now. Sharyn Olander's waterfront home in North Fort Myers' Old Bridge Village is for sale. She tried to sell it last year, right after the hurricane, but she ultimately gave up. She thought she would have better luck this time. But she hasn't had a bite since December. “Since then, we've lowered the price about three or four times, and now we're aiming for 303. And there's not much you can go below to buy a new home,” she said. Ohlander. Download the NBC2 News app to stay up to date on local real estate news and trends. The big boom of 2020 is over. In fact, Zillow predicts that Florida's housing market will slow in the coming years. Sam Yaffey is a long-time real estate agent based in Cape Coral. According to her, the current market situation is mixed for several reasons. One of them is that there are so many homes for sale in Southwest Florida. “We're a little bit hungover from the hurricane. People are having to fix up their homes before they can sell them, and all sorts of other issues. So after everyone suddenly fixes up their homes, , inventory suddenly increased.'' Even though interest rates are high, now is the time to buy, Yaffee said. More options means more room for negotiation. “But if you wait until rates come down, you're going to see a rush of buyers who have been dealing with uncertainty, and sellers are probably going to be in a situation where they're making multiple offers,” Yaffee said. As for sellers, Yaffee recommends hiring a professional. “Good real estate agents, be knowledgeable about the market and be patient.” “I've had houses sell in a week, and other times they've been unsold for a while. It's just a mixed bag. Get everything right.” It's all about timing,” good photography, and a lot of other things that go into good marketing. ” Ohlander just hopes things get better for him soon. “When I put it on the market, I get really excited. I'm looking forward to getting out of a new place and starting a new chapter. When no one comes, then that's it.” I'm really down and depressed. ” said the Dutchman.
Zillow predicts a slowdown in Florida's housing market, so real estate agents recommend buying now.
Sharyn Olander's waterfront home in North Fort Myers' Old Bridge Village is for sale. She tried to sell it last year, right after the hurricane, but she ultimately gave up. She thought she would have better luck this time. But she hasn't been bitten since December.
“Since then, we've lowered the price about three or four times and are now aiming for 303. And we can't go any lower to buy a new home,” Olander said.
download Stay up to date on local real estate news and trends with the NBC2 News app.
The big boom of 2020 is over. In fact, Zillow predicts that Florida's housing market will slow in the coming years.
Sam Yaffey is a real estate agent based in Cape Coral. According to her, the current market situation is mixed for several reasons. One of them is that there are so many homes for sale in Southwest Florida.
“We're a little bit hungover from the hurricane. People are having to fix up their homes before they can sell them and all that stuff going on. So when everyone suddenly has a house, , the inventory suddenly increases. The house is fixed,” Yaffee said.
Although interest rates are high, now is the time to buy, Yaffee said. More options means more room for negotiation. “But if you wait until interest rates come down, you're going to see a rush of buyers who have been under uncertainty. Then sellers will probably find themselves in a situation where they're making multiple offers,” Yaffee said. .
For sellers, Yaffee recommends hiring a good real estate agent, learning the market and being patient.
“Sometimes houses sold in a week, sometimes houses stayed for a while. It's just a mixed bag. Getting everything right, taking good photos, and all the other things that go into great things. The timing of your marketing is important. ”
Ohlander just hopes things get better soon.
“When you put it on the market, you get really excited. You look forward to getting out of a new place and starting a new chapter. But when no one comes, you get really depressed and depressed,” Dutch said. .
