Realtor Shares Thoughts on Florida Housing Market
One real estate professional advises clients to buy now even with higher rates because there are more options on the market.
FORT MYERS, Fla. – Zillow has said the Florida housing market will slow down over the next few years, but Florida real estate professionals say that the market is a mixed bag.
Cape Coral real estate professional Sam Yaffey says that there are a number of homes for sale in Southwest Florida.
"We've got a little bit of a hangover with the hurricane. With people having to repair their homes before they could sell them and a whole bunch of things like that. So, we have a sudden increase in inventory once everybody suddenly got their houses fixed," he said.
He advises clients to buy now even if interest rates are high because there are more house options on the market, providing buyers with more room to negotiate.
"But if they wait when the interest rates drop, all the buyers that have had uncertainty are going to swarm in, and then the sellers will probably be in a multiple offer situation," he said.
For sellers, he recommends hiring a good agent, get educated about the market, and to have some patience.
Source: NBC 2 (Ft. Myers) (04/01/24) Whelan, Rachel
© Copyright 2024 Smithbucklin