Selling A Home In SE Florida Broward County In 2019

Dated: 01/16/2019

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Selling a Home in SE Florida- Broward County in 2019?

If you’ve ever watched“The Price is Right,”you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price.

In today’s shifting real estate market, where more inventory is coming to market, home values are projected to appreciate at lower rates and buyers are considerably less, homeowners will not be able to price their homes as aggressively as they were able to just last year.

They will have to employ the same strategy:price it correctly and be the closest without going over!

As we share with our Sellers, pricing your home at or slightly below market value actually increases the number of buyers who will see your home in their search and you will even generate multiple offers!

Over the last six months, more inventory has come to market while the months’ supply of inventory available has dropped. This means that the demand for homes to buy is still very strong throughout the country!

Does the same trend apply to our LOCAL real estate markets in Dade and Broward? The following example, showing market snapshot for the 2018home sales  in Hollywood, show a very different picture. 2018 shows that the number of expired listings is greater than homes sold with a record number of 93 expired listings in December of 2018, three times more than any other month in the last 3 years.

Real Estate Comparison Chart Homes Sold vs Expired <a href=Hollywood FL" src="https://kunversion-frontend-blog.s3.amazonaws.com/images/c0eabde611c0da23afdc68aa3d27a66899cb634d.jpg" width="300" title="Real Estate Comparison Chart Homes Sold vs Expired Hollywood FL"> Real Estate Statistics Report Homes Sold vs Expired <a href=Hollywood FL" src="https://kunversion-frontend-blog.s3.amazonaws.com/images/6da8046f300a79ed073e039b5f330114b1c18278.jpg" width="300" title="Real Estate Statistics Report Homes Sold vs Expired Hollywood FL">


Homeowners who make the mistake of overpricing their homes will eventually have to drop the price. This leaves buyers wondering if the price drop was caused by something wrong with the homes?

Bottom Line: If you are thinking about listing your home for sale this year, make sure you have a real estate professional on your side to help you price your home right from the start!

~Kate

Kate Smith Group - Brosda and Bentley Realtors
786-412-8510 | HomesForSaleHollywoodFL.com
“Everything I touch, turns to SOLD!”

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Kate Smith

Real Estate is my full time, life time career choice and my commitment is to give you full-time attention and to provide a superior level of informed, professional real estate services to buyers and s....

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