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Best Time to Sell A House in Florida
Florida real estate varies from season to season based on what type of property you are listing.
Since Florida only really has two seasons (hot and rainy, or less hot), snowbirds from the northern states make their way in from October to February. This vacation trend means more homes come on the market when the snowbirds leave.
Single-family homes, on the other hand, usually sell the best right before the school season resumes in September.
While the stats reflect this, it's important to remember the different types of markets as you analyze the data and consider selling your home.
Best Time to Sell for a Profit
The best time to sell a house in Florida for a profit is different than many parts of the country. While many suggest listing in the spring, data shows the best time to sell is in the winter.
December homes sold for an average of 7.87% more than the annual average. It normally takes about four months to sell a home in Florida, so your best bet is to list the home in September for a December sale.
November trails December in profit percentage at 3.83%, followed by May at 3.65%.
The worst time to sell your house if profit is your goal is February where you can expect to make an average of 11.36% less than the annual average. If you miss the mark in December, these numbers indicate quite a loss in the coming months.
Best Time to Sell Fast
Want to sell your Florida home fast?
If so, aim to close in August. Homes sold in August sold an average of ten days faster than the annual average. Although many feel safer with a range of months to sell in, August takes a significant lead over the rest of the year. The next fastest month is October, which only sells four days faster than the annual average.
Remember, you should plan on listing your house four months before the day you want to close on in Florida. Give your house plenty of time to be viewed and snatched up by that perfect buyer-- especially when one month can make all the difference.
Avoid the closing months of January and February. Both of those months boast lower than average transactions with a wait time of nine more days on the market than the annual average.
Best Time to Sell Fast for a Profit
Want to get the best of both worlds? You really can't in Florida.
If you really want to try and meet in the middle, you can sell in December. Selling in December nets you about 7.87% more money on your house than other days. It also means you can sell your home three days faster than the annual average.
Because one month can mean the difference of about 14% in house prices, though, you'll want to be careful. Closing in January could mean that you will sell your home for quite a price drop- 7.51% less than the annual average, to be exact.
Tips for Selling Your Home in Florida
1. Take Note of the Season
We talked about it a bit at the beginning of the article, but Florida has very diverse markets. The house you are selling may perform better depending on the season you are in. Some might not be affected by the season at all.
Land, for example, is one of those exemptions. List land as soon as you can to avoid paying extra in taxes and HOA fees (if any).
Vacation homes, condos, and single family homes all will have a different season that they sell better in. Ask your real estate agent if you're wondering about when to list your house.
2. Prepare to Negotiate
Bargain hunters are everywhere, and Florida is no exception. Even if you price your home well in what seemed to be a good market, your house may end up in one of the off months. During those months, it's important to keep your goals in mind and negotiate accordingly.
If your goal is to sell your house as soon as possible, negotiate in increments. Buyers are out there, you've just got to know how to negotiate that price.
If your timeframe for selling is flexible, it might be in your best interest to simply be patient. Stick to your price and ride out the lows until the rise comes again.
As always, make sure you talk to your real estate agent about best practices for your house.
3. Find the Right Real Estate Agent
Selling your home in Florida is about more than timing the market. In this fluctuating market, you'll need an expert on hand to advise about setting a price and the best time to list. Hiring a real estate agent who knows the area well and is an expert in their field can help you beat the market averages any day of the year.
The opposite is true as well. Make sure your real estate agent is willing to go to bat for you and do the work required by interviewing them.
If saving money is important to you, hire a discount real estate agent like those at Clever. Clever agents are local experts and full-service, which means you can expect nothing less than high-quality marketing, pricing, and service from them.
Timing the housing market can be tough, especially if you want to sell quickly for top dollar. By listing in September to make the most money, May to sell the fastest, or December to meet (mostly) in the middle-- you've got a pretty safe bet of meeting your goals.