Updated on October 30, 2019
If you need to sell your house fast in Jacksonville, FL, your best options are:
- Selling to a cash buyer or iBuyer (We Buy Ugly Houses, Zillow Offers, Opendoor, etc.)
- Listing with a top local real estate agent
Importantly, each of these choices comes with its own advantages and drawbacks.
Jacksonville cash buyers offer unmatched speed and convenience, but you'll likely take a hit on price — expect to net between 10% to 50% below your home's fair market value.
Listing with a top realtor won't get you an “instant” offer, but the best Jacksonville agents will price and market your home aggressively to help you sell quickly and for a good price — often at or above market value.
Try to interview at least two to three highly rated Jacksonville agents to see if they can't help you sell within your required timeframe.
The key takeaway is that it's definitely worth exploring all of your options before you make a final decision. Your home is too valuable not to.
Read on to learn more about how to sell a house fast in Jacksonville: get an overview of the current Jacksonville market conditions, find out what local buyers are looking for, and evaluate your top options for selling fast.
Jacksonville's Housing Market Forecast for 2019
As of right now, the median home value in Jacksonville is $177,200, which is slightly lower than the national average. However, over the past year, home values have increased by 9.2%, making Jacksonville one of the hottest markets in the state, if not the entire nation.
The median price of homes listed for sale in Jacksonville is $210,000, and the median list price per square foot is $121. The median price of homes that sold is $156,900. Listings average a healthy 84 days on the market.
Jacksonville's job market is one of the strongest in the nation; some experts have forecast 40% job growth over the next decade, and an annual job growth rate almost doubles the national average.
Considering that the state maintains one of the most business-friendly tax environments in the US — zero income tax and a flat corporate tax rate of 5.5% - Jacksonville's economy looks well-positioned to continue its dramatic upswing.
3 Key Factors that Help Jacksonville Homes Sell Faster
The Renter Factor
An impressive 44% of Jacksonville residents rent, so positioning your home as a potential rental property could be a great way to attract a buyer.
Relative to the local market's relative affordability, Jacksonville's median rent of $1243 represents an exceptional opportunity to generate cash flow. Make sure potential buyers understand this.
The Transportation Factor
Jacksonville is one of the most car-oriented and sprawled-out cities in the country, so proximity to amenities like beaches, golf courses, or the city center — in this case, the river that cuts through downtown — is especially valuable.
Stressing your home's advantageous location, relative to amenities or transportation arteries, is an easy way to encourage a seller.
The Urgency Factor
Driven by population and job growth, property values increased an astronomical 9.2% over the past year.
Over the past five years, the number of days a property spent on the market went down, annually, over 7%. This is a hot market that's getting hotter, and the time to buy is now. While most prospective buyers are probably well aware of this, a gentle reminder never hurts.
What About Using a “We Pay Cash for Houses” iBuyer?
Offers of fast cash for your home can be tempting, especially when you consider that you could have cash in hand in a matter of days. It's especially tempting if your house needs repairs that you aren't inclined to undertake, or if you've had bad experiences with buyer financing falling through.
However, these cash offers come with significant costs.
iBuyers make their money by lowballing sellers. Online iBuyers like Opendoor, Zillow, Redfin, or Jax Cash Buyers ask you to fill out a form online and then use a proprietary algorithm to estimate the value of your house. Then comes the offer.
Their formulaic estimate is often wildly inaccurate and heavily tilted in their favor. On top of that, most iBuyers charge a commission of up to 10%, which is significantly higher than you'd pay with a traditional agent.
In return for fast cash, you're leaving a lot of money on the table.
If you call a number on one of the ubiquitous “Cash for Houses” sign, a representative will visit you within a day. They'll make a private appraisal of your home, ask how much you still owe on the place, after some calculation, and make you an offer equal to the amount of your outstanding mortgage.
Knowing that you're what's known as a “motivated seller,” they won't increase their offer, period. Take it or leave it — and if you take it, you'll likely be accepting an offer that, on average, is about 65% of your home's true worth.
In contrast, a professional agent can typically get you an offer for up to 125% of your home's actual worth, and sometimes more.
Benefits of Partnering with a Local Jacksonville Real Estate Agent
In a city as staggeringly large as Jacksonville — we're talking 827 square miles — location is even more important than usual.
Whether you're selling a remodeled Victorian in Springfield, an industrial loft in CoRK or a historic home overlooking the 22-mile shoreline, having an experienced local agent to help contextualize your property for potential buyers can dramatically ease the selling process.
Clever Partner Agents are full-service agents who are top performers in their markets, from big names like Keller Williams, Century 21, RE/MAX, and many others, and they'll list and sell your home for a flat fee of $3,000, or just 1% if your home sells for more than $350,000.
Contact us today to get connected with a full-service agent in Jacksonville.