Bill Savage's Blog
Selling a Florida luxury house may prove to be challenging, particularly for those who are uncertain about how to price a residence. For instance, if you price your luxury home too high, you risk alienating dozens of potential Sunshine State luxury homebuyers. On the other hand, if you price your luxury residence too low, you risk missing out on an opportunity to maximize your home sale earnings.
Ultimately, there is no one-size-fits-all pricing strategy that works for all Florida luxury homes, at all times. As such, you'll need to think closely about how you want to price your Sunshine State luxury residence, regardless of whether it's located in Orlando, Tampa Bay or elsewhere in Florida.
For those who want to take the guesswork out of establishing a competitive price for a Florida luxury home, we're here to help. Now, let's take a look at three tips to help you set a competitive price for your Sunshine State luxury residence.
1. Review the Florida Luxury Housing Market
The Florida luxury housing market shares similarities to the national real estate sector. In fact, the local and national housing sectors experience ebbs and flows, and a real estate market that favors sellers one day can quickly shift in buyers' favor.
A diligent Florida luxury home seller will have no trouble learning about the local housing sector. This seller can assess the prices of available luxury residences in a particular city or town to narrow the price range for his or her home.
Keep in mind that the housing market often varies across the Sunshine State. For instance, a luxury home in Fort Lauderdale may be less expensive than a comparable luxury residence in Miami. Fortunately, if you analyze a broad array of housing market data, you can gain the insights you need to establish a competitive price for your Florida luxury house.
2. Perform a Home Inspection and Appraisal
A home inspection gives you the opportunity to identify any underlying issues with your home. Then, once you receive a home inspection report, you can determine how potential home repairs may impact the price and value of your Florida luxury residence.
Meanwhile, a home appraisal enables a Florida luxury home seller to receive an expert property valuation. With this valuation in hand, you can set a competitive price for your Sunshine State luxury house.
3. Collaborate with a Real Estate Agent
If you are unsure about pricing your Florida luxury home, it helps to hire a real estate agent. This housing market professional can help you get the best price for a luxury home in Gainesville, Lake Worth or any other Florida city or town.
Contact a real estate agent today – you'll be glad you did. This housing market professional will analyze your Florida luxury house and meet with you to learn about your home selling goals. Then, he or she can help you set a competitive price for your luxury residence. And as a result, you can receive the support you need to effectively price your Florida luxury home, increasing the likelihood of a fast, profitable home sale.
The environment you choose for your next home can have a major impact on your health and the quality of your lifestyle.
As more and more people are discovering, Florida offers a unique combination of recreational possibilities, cultural attractions, scenic beauty, and climatic conditions that are conducive to active, healthy lifestyles.
One aspect of living in Florida that makes it especially appealing to health-conscious people is the warm climate and natural environment. With hundreds of miles of sandy beach to enjoy, there are plenty of opportunities to soak up the scenery while walking, running, hiking, or playing outdoor games.
There are also countless places near the ocean to ride bicycles, go on nature walks, or just breathe in the invigorating sea air. Florida also has the distinction of having more golf courses than any other state in the nation -- one of the reasons it's attractive to both tourists and year-round residents.
While not everyone is able to find the ideal beachfront home that meets their budget and other requirements, there are a surprising number of affordable properties within a short distance of the ocean. Whether you're in the market for a luxury Florida home on the water or something a little more economically priced, an experienced real estate agent can help you match your needs with the available homes on the market.
If you're searching for just the right home in Florida, it's always beneficial to create a priority list of features, qualities, and characteristics that are most important to you and your family. For many people pursuing an active lifestyle, proximity to the ocean, golf courses, and walking paths is highly desirable. Easy access to theme parks, shopping areas, nature preserves, and historic cities are also considered major benefits.
One common frustration many tourists encounter is a lack of time to squeeze in all the activities, experiences, and destinations available in different parts of the state. The beauty of owning property in Florida is that you have all the time in the world to check out attractions, schedule entertainment, and plan recreation. You can go about it in a leisurely way, and you often have the flexibility to take advantage of the best prices, times of day, traffic conditions, and crowds --- or lack, thereof!
Living near the ocean, recreational spots, and other attractions is a lot like going on a permanent vacation -- except without having to rush around and overschedule a limited amount of time. When you live in Florida, you can also skip the hassle of having to make airline reservations, suspend your mail delivery, arrange for pet care, pack and unpack a week's worth of clothing and supplies, and incur hotel or rental costs.
So if you love Florida, but don't like all the expenses, stress, and limited time of a Florida vacation, buying a home in Florida may be the ideal alternative! Whether you're an avid golfer, kayaker, boating enthusiast, or nature lover, the opportunities to pursue an active lifestyle are almost limitless!
Buying a luxury house in Orlando, Palm Beach or any other Florida city or town should be quick and simple. However, homebuying problems sometimes may arise that prevent you from securing a top-notch residence at a price that matches your budget.
Lucky for you, we're here to teach you the ins and outs of the Florida luxury housing market to ensure that you can become an expert property buyer.
Now, let's take a look at three tips to help you secure a luxury house in Florida.
1. Look Beyond a Luxury House's Photos
Let's face it – the pictures of a Sunshine State luxury home are unlikely to tell a house's full story. As such, you should allocate the necessary time and resources to fully assess a luxury residence to guarantee this house suits you perfectly.
For instance, if you want to buy a luxury residence close to Disney World, you may want to check out luxury houses in the Orlando area. At the same time, you likely will want to ensure that a luxury residence is not highway-adjacent. That way, you can minimize the risk of encountering excess traffic any time you leave your luxury house.
If you find a Florida luxury home that you want to buy, don't forget to conduct a property inspection as well. Regardless of whether you plan to purchase a Sunshine State luxury house in Miami, Jacksonville or elsewhere, a home inspection will help you identify and address any potential property issues before you finalize your purchase.
2. Understand the Art of Negotiation
Although a luxury home in Florida may include a stunning beachfront view or other amenities, it is important to note that the price of a residence may be negotiable. Thus, if you enter the luxury housing market with an open mind, you may be better equipped than others to pay less than a seller's initial asking price to acquire a first-rate Florida luxury home.
Before you submit an offer on a Florida luxury residence, you should conduct plenty of luxury housing market research.
For instance, if you plan to make an offer on a Tampa luxury residence, you may want to look at the prices of recently sold luxury homes in Tampa and its surrounding areas. By doing so, you can put together an offer that accounts for a luxury home's condition, along with the current state of the real estate market.
3. Collaborate with a Real Estate Agent
There is no need to pursue a Florida luxury residence on your own. Fortunately, if you collaborate with a real estate agent, you can receive expert insights into the Sunshine State's luxury housing market at any time.
A real estate agent understands what it takes to acquire a luxury residence in no time at all. If you want to buy a luxury home in South Beach, a real estate agent can help you do just that. Or, if you are uncertain about whether to submit an offer on a Sarasota luxury house, a real estate agent can provide honest, unbiased recommendations.
Ready to enter the Florida luxury housing market? Use the aforementioned tips, and you can become a Sunshine State luxury real estate expert.