Q: What’s Going on in Our Emerald Coast Market?

Here’s an update on the surge of activity we’ve been seeing in the Emerald Coast market.

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Though the Sunshine State has always attracted out-of-state buyers, many more seasonal visitors have considered making Florida their primary residence in 2020 due to our low taxes, wide-open spaces, and beautiful nature. What can we say? Our way of life here along the Emerald Coast is good for the soul!

Since March, countless companies nationwide have shifted into a work-from-home model, and for some, these changes are indefinite (if not expressly permanent). As a result, more folks are eyeing Florida as a prime place to relocate since proximity to an office no longer factors into their home-buying equation.

Right now, we’re working with a lot of people who started exploring the Emerald Coast for the very first time this year and they’re falling in love; the southern hospitality, the scenery, and the serenity that can be found here are grabbing the attention of buyers everywhere. The other day, I was even talking to someone from Brooklyn—we’ve never worked with clients from that area before, but it’s fair to say we’re now on the map!

I also think it’s a great time to take advantage of these amazing interest rates, which are lower than anything I’ve seen throughout my 19-year career in real estate. If nothing else, I at least encourage you to take a look at the financing options available to you, as I’m confident you’ll be impressed with what’s at your disposal in this market.

However, since our market has been incredibly active, you need to act quickly if you find something you like; the difference of a couple of hours could be the difference between you securing that home or having to look elsewhere. In addition to speed, it’s also important for buyers to come in with a strong offer that gets sellers excited. Put your best foot forward, and don’t try to play mind games!

If you’re a seller, there’s hardly been a better time to list because our inventory is extremely low. We’re just not seeing new inventory hit the market as fast as it used to, and increased buyer demand is depleting what little inventory already exists. In other words, you’ll face very little competition as a seller in today’s market!

If you price right and partner with an experienced real estate team that can market your property widely, you should be able to attract a lot of activity and sell quickly. A market this hot usually doesn’t last long, so take advantage of the low inventory. We’d love to be the experts in your corner helping you maximize your home sale.

Let us put our native expertise to work for you today! If you have any questions about the market, or you’re thinking of selling or buying soon, please reach out to us via phone or email. We look forward to hearing from you!