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Real Estate Blog
Real Estate Blog

Tuesday, March 02, 2010

We’re already heading into the third month of 2010 and just like years before, the Fort Lauderdale real estate market of 2010 is shaping up to be a completely different one.  There have been welcome glimmers of a looming recovery but for the time being it’s important to sell effectively.

If you’re among the many people who chose to wait it out until home values improved well, clearly time is working against you.  Median home values for Fort Lauderdale homes continue to drop so you’ll only be setting yourself up for more potential losses the longer you choose to wait.

It may seem odd but you should also consider making some home improvements, albeit not ones that will leave you with a mountain of debt.  Selling Fort Lauderdale homes in as-is condition is not as alluring to buyers as are kitchen upgrades such as improved counters and cabinetry.  Make sure to get at least three different estimates and factor in about ten percent for unforeseen costs that may arise.

Perhaps the most important selling tip is to price Fort Lauderdale real estate realistically; something that sellers are only beginning to realize is a major necessity.  Do your research of the market you’re selling in and determine a price that’s competitive but doesn’t come across as audacious when compared to neighboring properties.

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Updated: Thursday, April 02, 2020

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