Fort Myers, Miami, and Orlando!
Ask any real estate investor about the prospects of investments in Florida and they are likely to mention these three cities in the exact same order.
When it comes to real estate markets in Florida, people end up concentrating on regions like Miami and Orlando. While both these areas are hot right now, it is important to understand that an investment like real estate is ideally done for the future.
In recent months, some core real estate agents and developers have turned their attention towards Fort Myers. This is a very trendy and up-and-coming region in Florida that has been touted to become very big in the next few years.
In this article. We speak to leading real estate experts and ask them about seven important things that homeowners should know before selling their property in Fort Myers.
List of Top 7 Things You Need to Know Before Selling a Property in Fort Myers
1. Pay attention to the Real Estate Agent/Firm You Are Working With
It goes without saying that the high interest from real estate investors and developers in Fort Myers has attracted agents and firms that are not so credible in nature. This is why you need to do proper research about the agents or firms you are contracting to sell your home. Ensure that you go for cash money rather than wait endlessly for part payments through cheques. At the end of the day, you do not want any hassles when it comes to selling your home.
2. Avoid Investing in Home Repairs Before Selling The Property
There might be many real estate agents and firms that will come up to you and say- ‘if you do this repair, the valuation of your property will increase by this much. You need to understand that all they are doing is pushing you to do the repairs so that when they sell the property, they would collect extra money by showing the same. Fort Myers is a hot property zone right now. This means that you should be able to sell your property as it stands today.
3. Steer Clear of the Bigger Real Estate Sharks Looking to Buy Your Property
Every time a real estate market starts to rise in value, you can expect some shady or funny business to take place. Folks in Fort Myers are still quite simple and easily end up trusting people. This makes real estate sharks manipulate them easily and take their property for a pittance. If you are a homeowner looking to sell my house fast fort myers, you need to work with real people who are out there to help you rather than take advantage of your position.
4. Always go for Cash Offers and Deals Over Any Other Payment Mode
Following the above point, there have been cases where homeowners have signed off on the property and have been given checks, which have bounced or not been honored by the banks. Like I already mentioned, there are a lot of shady businessmen out there that are taking advantage of unsuspecting homeowners in Fort Myers. As a matter of principle, you should only go for cash deals and offers. Anyone suggesting otherwise cannot be trusted.
5. Do not Sign The Property Papers Before You Have Been Paid in Full
Another area that we would like to raise attention to is the part payment strategy that shady real estate firms are using to exploit homeowners in Fort Myers. They will say that you will receive a part of the payment now, and another part after you sign on the paperwork. However, you need to be careful and only sign after you have received the complete payment for the property. Do not at any point hand over all the papers before you have received the final payment.
6. Dilapidated or Run-Down Homes Are Also Much in Demand in Fort Myers
When a real estate market starts attracting investments, people start picking up every piece of land they can get their hands on. It does not matter if you have a run-down farm or a house that burnt down. In most cases, new construction would be carried out. However, these kinds of properties, which you thought would not mean anything financially can also become a cash cow. Now is probably the best time when you should be looking to offload such properties.
7. Look to Avoid the Fees And Commissions of the Agent And The Firm-
Just to be clear, when we are talking about fees and commissions, we are in essence, talking about an added and extra expenditure for the homeowner. Fees and commissions can eat into your payments in a significant manner. If you find a real estate company that categorically mentions that they do not accept fees or commissions, you should prefer and go for them. This will help you save thousands of dollars on your selling payment.
The Bottom Line
With a booming property market, now is probably the best time to sell your property in Fort Myers. There is reason to believe that these prices and demands will start subsidizing towards the second half of the year. For homeowners that were looking to make a handsome profit and relocate somewhere else, this is the best time to sell your property in Fort Myers.
If you wish to know more about selling homes in Fort Myers or would want us to get you in touch with a credible agent that deals in cash, let us know in the comments below. We will try to connect you with them as soon as possible.