Realtors in the Real Estate Market in South Florida
The Florida real estate market has continued to experience positive growth in 2021 as evidenced by the increase in sale prices for homes and condominiums. The Federal government's move to lower the mortgage interest rates to caution the industry from the COVID-19 impact has played a greater role in stabilizing the Southern Florida real estate market.
Real estate agents in South Florida are witnessing a shorter closing time for condos and single-family homes since the demand for homes for sale is still high. For instance, in February 2021, there were over 11,379 sales that were closed comprising of condos and townhomes. This represents a 29% increase compared to a similar period in 2020.
The rise of Florida housing demand is cutting across homes of all price ranges. Homebuyers are competing to bid for the few listings available on the market. If you are a prospective homebuyer, avoid the hassle of searching for a suitable home alone. Consider engaging reputable realtors in South Florida.
The following are some of the reasons why working with a South Florida real estate agent is beneficial;
- They understand the local real estate market
The South Florida real estate market is huge and realtors have many years of experience working in this local market. They have access to local MLS listings and they will advise you on the best property type, neighborhood, amenities, and price range that meets your budget.
- They have great negotiation skills
After you have identified your potential home to buy, your South Florida local real estate agent will help you craft a winning offer even in a competitive market. They will engage the seller’s agent on your behalf and use their industry expertise to negotiate for the best deals.
- Homebuyers get access to a wide list of homes for sale
Apart from online listings on popular platforms that are accessible to everyone, realtors in South Florida also have their own private listings. When you engage a real estate agent, you will get exclusive deals and close a home fast compared to working alone.
- They will connect you with other real estate players
The home buying process involves other real estate professionals such as mortgage lenders, real estate attorneys, home inspectors, and escrow agents. When you work with a reputable South Florida real estate agent, they will connect you to the best professionals with whom they have had a positive work engagement.
This will help you save time and money that you would have otherwise spend looking and scrutinizing the best professional to engage. When you are guided by experienced local real estate agents in South Florida, you will enjoy your homeownership journey.
If you have been contemplating investing in the South Florida real estate market, the best time to do so is now. The population growth is expected to continue increasing in the coming years as more Americans continue moving away from congested areas. We are reputable real estate agents with unmatched experience in the South Florida real estate market. To avoid making costly mistakes, contact us today and we shall walk with you in every step and help you sell or buy your dream home in South Florida.