Larry Buchanan Realtor®

Archive for the ‘Jacksonvlle Beach Oceanfront Real Estate’ Category

You and your family have decided that it is time to move to a larger home. However, you must sell the home you are currently living in to be able to make the move. The nagging question that pops into your mind is “When is the right time to sell my home?” The truth is there is no clear answer to your question.

The reason there is no clear answer is because there are many factors to be considered and each of these are of a subjective nature. But, all is not lost. The information contained in this article, hopefully, will give you a better feel for when the right time might be for you to sell your home.

People who are looking to buy homes do so through out the year. They base their decision on their own personal circumstances, which are occurring in their life and the life of their family. The circumstances can range from illness, divorce, employment, retirement, death of a loved one and the list goes on and on, as you well know.

The only clear trend which can be drawn from this is that normally there are more of these buyers entering the home marketplace during the spring and summer. This in turn can lead you to believe this is the best time, however there are more factors you should take into consideration.

While seasonal trends are important they are not the most important thing to keep in mind when selling your home. The most compelling factor in selling your home is your own needs and personal circumstances. There has to be a reason why you are selling your home and more than likely you are facing a deadline of some type. Focus on those rather than on the time of the year. Although, your own personal circumstances may not allow you to wait for the busy season, you should also pay attention to the current market conditions in your area.

It is important for you to determine whether it is a “Buyers Market” or a “Sellers Market” as either one will dramatically impact the value of your home. A buyers market usually indicates there are a great many homes on the market and the prices are falling because of the glut of homes on the marketplace. The sellers market will usually be an indication of a limited supply of quality homes, rising interest rates and home prices. If it is a buyers market you will be facing stiff competition when you are trying to sell your home.

One of the things you should consider in a buyers market is whether or not your home is extremely well maintained and priced so it will standout above the other homes on the market. If you think your home will not stand up well against the competition, perhaps, if your personal circumstances allow, you will better off waiting until the housing market takes the turn back to a sellers market. However, if your personal circumstances will not allow you to wait, the sooner you get your home on the market the better.

Apart from the current market conditions you should also understand where the market is going. This involves a bit of research to figure out future trends from past ones. Though you can’t accurately predict the future of the market you can get a reasonably close picture. The real estate market experts usually will have some expectation based on their experience and this should be factored into your decision making process.

The best time of the year is not as important as your personal needs and the state of the market. Therefore, after you have had time to weigh your personal circumstances and the marketplace, then and only then, will you get a better feel on the right time to sale your home.

I’ve got lots of stories I can share, however, the bottom line is, you need solid answers and lots of them. Yes, the market is moving, however, not for everyone. Let’s get together and take a close look at options that will work best for you.

Call me at 904-910-0203

I’m Larry Buchanan and I’m a full time Realtor. Let’s talk.
email: Larry@ LarryBuchananRealtor.com

Very few days go by where I do not have a conversation with a friend or business contact who must sell their home quickly. The media has done a good job of alerting everyone to the fact that the housing market has taken a dive, which definitely slowed the sale of millions of homes across the country.

If the thought of when to place your home on the market is a concern, as you continue to read, you will find that a few things have changed since the first of the year, especially in the greater Jacksonville and Jacksonville Beaches areas.

According to a recent story in the Associated Press, the fallout in regard to foreclosures seems to be affecting Ohio, Nevada, Arizona, California and Florida with the highest increases in foreclosures in the first quarter of the year.

While it’s easy to miss the positive side of this news, the impact on home buyers is on the up-swing. However, in the City of Jacksonville and the Beaches areas, home sales are gaining ground as well. I’ve been fortunate enough to find a couple of niches that are moving somewhat faster, sales wise, than the market in general.

The circumstances that support this trend are most likely tied to rising foreign interest in the US real estate market, fueled by the current weakness in the dollar. When combined with the rising number of foreclosures and the attractiveness of the US dollar’s purchasing power in many countries, the timing is right for sales to warm up in this area.

My best advice for homeowners interested in selling is to spruce up and liven up interior and external areas of your home. Particularly in the Beaches areas where traffic is becoming noticeably higher.

My advice for buyers, including investors is to shop carefully. While real estate in interior areas of Jacksonville provide good dollar values, Jacksonville’s Beaches are beginning to sell at very attractive levels. With foreign interest warming, don’t hesitate too long before starting your search. There are many hidden values just waiting for an offer.

Please feel free to call me to get your questions answered.

Best Regards,
Larry
Larry Buchanan Realtor, Prudential Network Realty
Phone: 904-910-0203
Email: Larry @LarryBuchananRealtor.com

Details for 1031 1ST
MLS: 425251
Price: $3,150,000
Opulent 4065 sqft Penthouse

Features

For More Information on this Property Contact:
Larry D Buchanan Larry Buchanan@Prudential Network Realty
This listing provided by Prudential Network Realty

<Click here to see my current listings in the Greater Jacksonville Area

The Timing Is Perfect To Buy NE Florida Real Estate

Details for 4300 South Beach
MLS: 431134
1622 sqft
Price: $329,500
2BR – 2 1/2 BA Ocean Front Condo

Features

For More Information on this Property Contact:
Larry D Buchanan Larry Buchanan@Prudential Network Realty
This listing provided by Prudential Network Realty

Click here to see my current listings in the Greater Jacksonville Area

The Timing Is Perfect To Buy NE Florida Real Estate