Despite the housing supply shortage and the opportunity it presents for sellers, potential sellers maintain uncertainties about the market and if or when to sell.
Florida Realtors sums up the results of a recent Redfin survey well: “while a majority of prospective home sellers think prices will rise in the next year, a common concern is that they won’t be able to sell before prices fall – an indication of the general sense of indecision characterizing homeowners this fall.”
Further, even though prospective sellers are confident in the market, 55% don’t plan to sell, and 28% would like to sell but aren’t sure of the timing. Here are some of the survey results:
Top reasons homeowners want to sell
- Upgrade to better home
- Turn a profit
Top reasons homeowners are hesitant to sell
- Problems finding new home they want
- Prices may fall before they can sell
Homeowners who would like to move into nicer, bigger homes are perhaps in the most difficult position. Low inventory and rising prices means they could get a good deal selling their current home, but it could make it more difficult to find the upgrade they’re looking for.
Have questions about the right time to sell or buy? Need to talk to an expert? Contact one of our knowledgable Sanibel realtors or get in touch with our office at 239-272-2411. Whether you’re buying, selling, or just looking, we’re more than happy to help you find the Sanibel realtor that’s the right fit for you.
Source: "Survey: Rising prices entice likely sellers to wait" -Florida Realtors
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This article is provided by John R Wood Properties, a full service Sanibel Island real estate agency with people who love where they live as much as what they do. Our Sanibel and Captiva Island realtors have local knowledge and decades of combined experience. They are passionate and dedicated to exceeding your real estate needs.
About the author: Nina Rogers is a writer, designer, and illustrator who grew up on Sanibel Island. As a Communications Content Manager for John R Wood Properties, Nina enjoys keeping people updated with the latest in local news and Sanibel real estate.
