Closed home sales back on track after the covid-10 shutdown. 2020 started off with a bang, and then suddenly covid-19 hit, and Florida was under a shutdown or stay at home order. People wondered what it would do to home sales and business in general for that matter. We are happy to report closed homes sales are back on track after shutdown.
In fact, July closed home sales eclipsed all three previous years. Closed home sales could have been higher had we more inventory to sell. 3% interest rates are attracting buyers too, but now versus later. Florida is also attracting buyers from other states. America has decided Florida is definitely the place to be for various reasons.
The Ellis Team from the seller perspective has recently sold several properties, and quite naturally many of these homes had several offers on them. A home marketed heavily attracts multiple buyers. Today we will talk about what to look out for with multiple offers.
First off, if you are considering selling your home, you should call Brett or Sande Ellis. Chances are we may already have a buyer for your home. If we receive 4 offers on a home, only 1 buyer can win. That means 3 other buyers still need a home. We have a database of buyers looking to purchase right now, and possibly we could sell your home even before it hits the market.
Secondly, the offer a seller takes matters. When you have multiple offers on a home, picking the winning buyer is a calculated risk. If the buyer you choose doesn’t perform, you lost that buyer, and you might have lost the other buyers too. In that time your home was off the market those other buyers could have found another home. They are not going to sit around and see if your home goes through because they cannot afford to. If another home meets their criteria, they need to jump on it because it will be gone soon too.
2020 is literally the best time perhaps ever to sell your home. We have not seen interest rates this low, and we have not seen buyers so anxious to get into a home as we have during covid-19. Covid-19 has created a nesting situation whereby people just want to hunker down at home. They are not traveling like they used to, and their home becomes not only their living quarters, but also their entertainment center, work environment, etc. The home is as important now as it’s ever been, and it’s affordable due to low interest rates.
Your home is a hot commodity right now. Selecting the right agent to represent you is more important than ever. You need an agent that can see the flaws in a deal before it happens. That takes experience, and lots of it. You do not want to lose a deal in the best-selling market we have ever seen.
Experienced agents know how obtain crucial facts from the buyer’s agent, and the buyer’s lender. If a buyer does not cooperate, they probably will not win the bid. Sellers look at the strongest offer. The strongest offer isn’t always the highest bidder. So much more goes into writing a strong offer. The Ellis Team works with our buyers to write the strongest offer possible. Because we’ve done so many seller sides over the years, we know what sellers are looking for. Writing the offer in the best light upfront helps our buyers win more bids.
Brett or Sande would be happy to sit down with you and go over all the options in selling your home. You do not have to do anything. We like to present you with your options, and let you decide.
Call Sande or Brett 239-489-4042 Ext 4 or visit www.SWFLhomevalues.com to get an instant value of your home for Free. If it looks good, Brett or Sande can validate the number and make sure it’s the correct for your home.
Good luck and enjoy the best-selling market we have ever seen! If you are thinking about, we’d hate for you to miss this market. Great selling markets do not last forever.
See last week’s article “Targeted Real Estate Advertising Selling Homes for Top Dollar”