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On a national level, the housing market recovery is moving at a stable pace. Home prices have increased nationally by double digits over the last twelve months. While we still have some challenges we know the Southwest Florida market is also recovering well too. So, now may be the perfect time to sell your home and move to your new home in paradise!
However, it’s easy to get excited by a recovering market and, as a result, some sellers are making the mistake of overpricing their homes. There would be one piece of advice to give to anyone preparing to list their home in the Southwest Florida market: Don’t overprice your home!
Even though prices have increased, the acceleration of appreciation has slowed dramatically over the last few months. As an example, in the April Home Price Index Report, CoreLogic revealed that home prices actually depreciated by .08% this month as compared to last month’s report, even though it was just reported by Trulia that asking prices are still continuing to increase.
Because investor purchases are declining and there are more listings coming onto the market, we believe that sellers should be very cautious when they price their house. The alternative might be that you could lose money by overpricing your home at the start as explained by numerous reports out there on the matter.
It IS a great time to sell your house in Southwest Florida, but pricing it right is critical! Get guidance from a John R. Wood agent to to ensure you price your home RIGHT and get the best offer possible.
Contact a John R. Wood agent HERE!