When you are buying or selling a house, there are many factors to consider. One such factor is the state of the real estate market. You’re probably wondering “is Bokeelia a buyer’s or seller’s market?” Here we explore the differences between a buyer’s and seller’s market, how it impacts your real estate transaction and answer “is Bokeelia a buyer’s or seller’s market?”
What is a Buyer’s Market Versus a Seller’s Market?
To better help you make an informed decision on whether to buy or sell in 2022, here we break down the differences between a buyer’s market and a seller’s market.
A buyer’s market is just what it sounds like – the conditions of the market favor the homebuyer. This means that the supply of homes for sale is greater than the demand, causing homes to sell slower and for less money than in a seller’s market. In a buyer’s market, the homebuyer has the upper hand in negotiations and can often negotiate for the home seller to make needed repairs on the home before transferring the property.
A seller’s market is the opposite of a buyer’s market – the conditions favor the home seller. This means that there are less homes for sale than what the demand is. Homes sell faster and for more money than in a buyer’s market. It also means that the home seller has the upper hand in negotiations which leads to more homes being sold “as is”.
Is Bokeelia a Buyer’s or Seller’s Market?
So, is Bokeelia a buyer’s or seller’s market?
As of 2022, Bokeelia is a seller’s market. For the duration of the seller’s market, homes will sell quickly and for at or above listing price. For homebuyers, this means that they must act quickly if they find a home they are interested in. The small supply of homes for sale makes the market very competitive. It also means that homebuyers should be prepared to make expensive home repairs themselves in some cases.
Buying or Selling a House in Bokeelia, FL
At Your Home Sold Guaranteed Realty – Vasbinder International, we can help you buy or sell a home regardless of the state of the market. To get started on your real estate journey today, call us at 239-990-8290, contact us here, or complete the form below.