Jacksonville Florida Blog

Should I sell my house now or wait till corona virus is over

A lot of home owners with big plans are going through this internal debate right now. A lot of questions are starting to float around.  Here are some of the questions we've fielded:

Are people still buying homes during the Corona Virus Pandemic?

Should I sell now while prices are still high?

Are home prices going down because of Corona?

Should I wait till the Corona Virus is over to sell my home? 

I'll answer all of these independently, but to summarize my recommendation:  You should only sell now if you meet all or most of these bullet points:   

  • Your home is market ready:  It's tight, nothing left undone, it's super clean and decluttered, no outstanding maintenance, no "ugh" factor when a Realtor walks through with their
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Corona Virus cause Housing Market Crash

Popular question from many of my friends and past customers as it relates to the Corona Virus and these strangely odd times we are currently living in:  Is the housing market going to collapse in Florida?  

Will Corona Virus cause the housing market to crash?

There are plenty of smart people calling for a housing crash in 2020 due to the Corona virus.  They have well founded research to support their claims of a housing collapse in 2020.  They have beautiful graphs with well labeled bar charts and colorful trending lines pointing in all sorts of directions.  They have well written arguments that are much more eloquent than my style of writing. But is this just shock journalism?  Is this just trying to prey on the public's fears? 

Will the

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Julington Creek Pool Home

100 Tanglewood Trace, St Johns, Florida 32259

This one checks about all the boxes:

  • POOL Home!
  • 3 Car Garage
  • Courtyard Entry Garage
  • Larger Lot
  • Privacy 
  • 3900+ Square Feet
  • Opportunity for remodeling 
  • Short Sale with previously BANK APPROVED PRICE!

Offered at $545,000

Listed by Brad Officer, The Officer Group of RE/MAX Specialists.  Schedule your showing today:  904-234-5196 or Brad@BradOfficer.com

House does need work.  We have a summary of all known defects on file and bank is requiring an AS IS purchase at the $545,000 list price.  

What We Like About 100 Tanglewood Trace in Julington Creek:

  1. That Pool!  Pools this size with this much decking are running roughly $40,000 to $60,000 at the lowest.  It
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San Marco Home Sales in Past 6 Months

San Marco is always a hot spot for those moving to town or moving within town.  You can live in San Marco and be close to the downtown business district for work, close to shopping and top restaurants, and close to top rated schools both public and private.  It is a top location within Jacksonville, and you can't ever forget the #1 rule in real estate:  Location Location Location!

 

In the past 6 months:

- 83 Total single family home sales

- $1,500,000 is the highest sales price for a home sold on the river on River Road.  (Pictured above)

- 3 homes sold over $1,000,000

- 13 homes sold for between $500,000 - $1,000,000

- 14 sold between $300,000 - $500,000

- 25 sold between $200,000 -

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I've never met a home seller that didn't want the highest price for their home.  Getting that top price isn't just about having a well maintained, clean, and updated home.  It's also about timing.  Check out our video on market timing!

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Good time to sell home?

Ever hear those people say they are going to wait till Spring to list their home for sell?  

That may not be the best idea based on this fact driven animation above.  You'll notice our little slice of heaven here in North Florida stays RED HOT for most of the year.  Red hot in terms of how many days on market a home sits for sale on average. 

Why is this the case here in Jacksonville?  Well - you can thank Florida and our mild winters.  While most of the northern states go into real estate hibernation and wait till the buttercups bloom before installing that nice new for sale sign, we are right smack in the middle of one of our busiest times of year:  Selling to the snow birds!  

Add the fact that Florida is growing leaps and bounds above

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Our local Jacksonville real estate market can change quickly.  This was our show topic on our weekly radio show on WBOB this week.  If you haven't caught the show, it's every Wednesday from from 2-3pm live on WBOB 101.1 or AM600.  We had a good amount of feedback, so I wanted to share it here in a more visual way.  It's an ever changing market, and if there was ever an opportunity to sell at a high, we are there!  

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The Jacksonville real estate market has been strong all summer with both strong demand for housing and affordability still being very high in our marketplace.  Mortgage rates remain low, but this will certainly change sooner than later with the Feds announcement of more "systematic" rate increases.  

If you've been thinking of selling your home, this is the time!

Would you like an accurate estimate of your home's value, or do you have questions about your specific neighborhood?  Give me a call or text anytime:  904-234-5196   - Brad

Jacksonville real estate market report June 2017 from Brad Officer - Jacksonville Real Estate
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