Attention Marco Island Buyers and Sellers!
There are some general rules that if you follow when making a decision to buy or sell Real Estate in the Marco Island Florida that you use to ensure that you make a sound decision.
What do we mean by this? Well let's look at a few statements:
"I am not going to take a $x,000 loss on my Marco Island Florida home!"
"I am not giving my Marco Island Florida home away!"
"I don't want to buy until the absolute bottom of the market"
These are things to think about when you are trying to decide if now is a good time to purchase a Marco Island Florida home or sell your Marco Island Florida home:
SOLD Highest Price LEAST Amount of Days on the Market
Take off the rose colored glasses! You need to look at what is really going on in the market. Not what you think is going on, but what really is! Look at what has sold recently and what is on the market. Make sure that you are the best property in the bottom 25% of those listed.
Get with the times!
Marco Island Seller's tend to be 6 months behind what is going on in the market. So make sure that you always look at where the Marco Island Florida market is headed, not where it has been.
Reality Check on Marco Island Real Estate
Been on the market for 3 months with no activity? Cut your asking price and get your Marco Island Florida home SOLD! Take it off the market if you are not going to be realistic on the price! Half the problem right now is all the people who think that their house is so special that someone will come along and pay your over-inflated asking price. Believe that I have the Brooklyn Bridge for sale too!
Have a Plan!
It doesn't matter if you are buying or selling Real Estate in the Marco Island Florida area, make sure that you plan for the worst case scenario. Can you really afford to purchase a Marco Island home now? Are you stretching beyond your means?
Get off the Fence!
Buyers stop waiting for the market "to hit bottom"! Well think about the possibility that you could end up having to purchase less of a house because interest rates go up when you perceive that the market has hit the bottom. If you are qualified, ready and able, plan on keeping your home 4 or more years – it is time to get off the fence and purchase that Marco Island home!
I know the Marco Island Real Estate Market is not as pretty without those Rose Colored Glasses, but their is still gold at the end of the rainbow. Just not as much as before.... You just have to be looking in the right places!