Selling Your Boca Raton Home: What To Know
Despite the South Florida housing market’s best efforts to stabilize following the pandemic, homeowners are still capitalizing, selling their home for significantly more than they would have just three years ago. With little to no inventory, this is the best time possible to make the most for your real estate sale. New residents from Texas, New York, California, Oregon, and more are eager to move to sunny South Florida and more than willing to pay well above the typical asking price for your home. This is especially true for Boca Raton real estate, where 30% of all homes are being sold for over asking price.
If you’ve been contemplating selling your Boca Raton home, now is the time to strike. Make no mistake: the market is as hot as ever! It’s a great time to move on from your current home quickly, and for a great price. With that said, selling your Boca Raton house does come with several steps to ensure you secure the amount you deserve for it. With the Wilson Team’s home selling guide for Boca Raton, you’ll have all the information you need to successfully sell your home for its maximum value in 2022.
Pinpoint The Reason For Your Boca Raton Home Sale
It’s understandable to see how the market is still reacting to the huge influx of buyers during and following the pandemic and want to capitalize, but it’s important that you have a clear, defined purpose for selling your Boca Raton home. Without it, and you’ll be stuck with cash in your pocket but nowhere to stay! We’ve found that some of the most common reasons for selling your Boca home include:
“The Market Is Too Hot Not To Strike”
There’s no doubt that the housing market in South Florida is still hot, with homes selling well above the typical asking price. It’s a great opportunity for homeowners of any age to strike, but keep in mind that you’ll need to find another property to move into following the sale. It can certainly be stressful trying to navigate the sell/buy process in Boca Raton, thankfully the realtors at The Wilson Team can streamline the entire process. We’ll guide you through both processes, managing the difficulties you might face on your own.
“It’s Time To Downsize”
As we grow older, we find that our once spacious home is now far too big for its own good. Children move out on their own, and now you have more home than you really need. Downsizing is a great opportunity to not only move on from your current home, but move into a new Boca Raton home that provides you with everything you really need to enjoy your home to the fullest.
“I’m Moving To A New City”
Whether it be for a new job or any other reason, selling your Boca Raton home when you need to move can add bundles of stress to your life. It’s a necessary process, otherwise you’ll find yourself stuck with two mortgages—one for your new home and one for your old. This is a financial burden nobody should have to worry about, which is why the Wilson Team will take care of your home sale so you can get on with the rest of your life quickly and efficiently.
Selling Your Boca Raton Home: Step By Step
You Need To Emotionally Disconnect Yourself From The House
As you live in your home over the years, you build memories and experiences. It’s a part of you and your family, and it can naturally be difficult to let go. However, if you’ve made the decision to move on from your home, you need to get into the mindset that this is no longer your home anymore, and just a house.That differentiation may seem small, but it removes the personalized aspects of a home with just a place a live, which is a house.
Create A Sale Timeline For Yourself
A great way to get into the mindset of selling your home is to establish a good working timeline for your home sale. The Boca Raton sale process, much like the rest of South Florida, can always take anywhere from two to six months. Granted, with the housing market moving as quickly as it is still, you’ll find it will sell closer to the two months rather than the six months. Before your home even goes to listing, you should begin preparations a few months prior. These include:
- Working on necessary repairs
- Deep clean every nook and cranny
- Depersonalize the entirety of your home
- Hire a professional team to stage your home
Don’t Spend Excessively On Updates/Repairs
Homeowners who are looking to sell their homes should be careful not to upgrade or repair everything in one fell swoop. They may think it is worth investing in new appliances, or making the house into a “smart” home but these upgrades could actually cost you more money, cutting deeply into your profit margin when the home finally sells. With a market still as hot as it is and Boca Raton properties flying off the shelves, you don’t have to go overboard.
Our recommendation is to make critical repairs that would potentially stop someone from actually buying the home. Areas in your home that are outdated can also be looked at for updates, but leaving these portions as is will give homebuyers the opportunity to mold the home to their liking.
List The Home Realistically
If you’ve seen the prices of homes sold recently, you’re likely daydreaming about that big payout. Even with the market moving at a breakneck pace, it’s important to be realistic about how much you can and should list your home for. Absurd prices will drive prospective buyers away, even with little housing inventory available.
Use A Boca Raton Real Estate Specialist
Trying to sell your Boca Raton home on your own is a difficult, lengthy process. While some homeowners may be interested in the potential profit that would come out of it by selling the home themselves, the time and energy lost make the process not worth it in the long run. That’s why we strongly recommend utilizing a Boca Raton real estate team, like the Wilson Team. We will assist in every aspect of the sale of your home from marketing it, showcasing it, accurately pricing it, and much more. From our first phone call to the point of sale, the Wilson Team is right by your side.
With a specialization in both Boca Raton real estate and Boca Raton waterfront homes, we have the experience, knowledge, and expertise necessary to help you sell your home. To learn more about how the Wilson Team can assist you with your sale, contact us online or give us a call at (561) 289-3656 and receive a complimentary consultation!