Perhaps one of the biggest questions many people are asking regarding real estate is “Should I list my House or Florida property now or should I wait?” There really is no simple answer to this question and it all depends on a number of factors. First and foremost would be why the person is trying to sell their home. The market is very volatile right now as many communities already have more houses on the market than they have had for many years making sales difficult.
“If I list my Florida house or property for sale, what are the odds that I am going to get anywhere close to what it’s actually worth?” The market is still very much in flux and no one can really say that it has really bottomed out yet. Houses in some areas are still commanding prices at or close to market value, while others are selling for well below their appraised value. You need to look around your neighborhood as well as the surrounding are to see what houses are selling for to get an idea of how much your chance of realizing full value are.
“How long do I need to own my home before I list my house and property in Florida to at least break even on the sale?” This depends on whether or not you have it financed and what type of mortgage you have taken out. Typically you will need to have been in your house for at least 5 years or more to hit the breakeven point if you have a mortgage, it may be even longer if your house has decreased in value due to the current downward trend in housing prices.
“So if this is the case would I be better off to wait a year before I list my Florida property and house?” Here you have to decide whether or not you can afford to wait. The reason why you are selling your house has everything to do with when to try and sell it. If you need to get out from under your mortgage payments you may not be able to wait and see if prices go up enough for you to pay off the mortgage let alone realize a profit. On the other hand if you can afford to wait out the market and see if the housing market is going to stabilize then by all means wait.
“Should I list my Florida house or property with a Realtor of can I do it myself successfully?” This is a very common question and most realtors would lead you to believe that they are the only one who can secure a sale for you. I all reality you can successfully sell your house without the services of an actual Realtor and save yourself a lot of money.
You will still need to have your house listed with services like MLS and Realtor. Com to help find buyers, but you do not have to pay a realtor to do this for you. You can use the services of someone like ListWithFreedom.com who will list your home for a flat fee with both of these services. “If I list my Florida house and property this way will it sell?” Yes your house will sell; these services are used by Realtors to find their buyers houses just as much as they use them to sell houses. You will not be penalized for not using a Realtor instead you will be saving a fortune in commission fees when your house sells.