If the idea of selling has crossed your mind, let’s seriously consider it for a moment.
Even though the summer quickly approaches, there continues to be strong buyer activity in the Naples Florida real estate market. Unfortunately for those Naples home buyers, selection is limited. The number of Naples homes for sale is at a 5-year low and, as a result, buyers are having problems finding a selection of homes that meet their criteria. And, when they do find that perfect home, it may be in a multiple offer situation.
Yes, Naples real estate is rebounding. No matter how minor that rebound may be, the fact is, it is rebounding, which is encouraging. As we saw last month, economists are predicting Naples home values may increase by 10% by year end. Plus, while interest rates remain at record lows, there’s still talk that we may begin to see some small upticks. Both of these factors put serious buyers in a precarious situation.
In effect, low-ball offers don’t work anymore. You can’t blame a buyer for trying to get a good deal, but in this market low-ball offers aren’t even being countered by the seller and in most cases a more realistic buyer is getting the home.
Today, offers close to the asking price will usually come in from a more realistic buyer if the home is priced correctly in the first place. What we are seeing now is more competition for Naples homes that are priced right and are ready to move into.
If you’ve been thinking about selling, call me to discuss your home’s potential in today’s market to attract serious buyers who truly want to buy.