How to Sell My House Fast in Florida (2024 Updates) (2024)

33,056 homes were sold so far this year, up 2.9% YOY, which shows that the housing market is thriving in the Sunshine State! 11.4% homes also sold above list price in Q1 2024 due to a limited supply of homes, which indicates a seller’s market.

Mortgage rates have also fallen to 6.87% since their highest at 7.8% in October 2023. Coupled with the limited supply, this rate drop will likely result in bidding wars from buyers. This can fasten your home sale, as buyers look to purchase a house before rates rise again.

Buyers also pay 17% higher on average for homes listed on the MLS. This greatly increases your profit margin, as the recent NAR Settlement has made the buyer’s agent commissions negotiable. So don’t delay. List on the MLS with a flat-fee company to sell your house fast and retain more of the proceeds!

4 Ways to Sell Your Home Fast in Florida

Selling your Florida house fast can be challenging, especially now, with homes staying on the market for an average of 59 days. But the right approach can help you attract potential buyers and close a deal quickly. Here are 4 ways to make a quick sale:

1. List on MLS

Your homes sell for 16.98% more than homes sold off-market when you list on the MLS. You get top-dollar for it and your listing is exposed to thousands of buyers actively searching for properties in your area.

Offer virtual tours, highlight your home’s best features and use relevant keywords to optimize your MLS listing. It will help you attract serious buyers and make your home sell quickly.

2. List With a Realtor

Real estate agents in Florida have extensive knowledge and access to a vast network of buyers. This will help you sell your Florida house fast and for a competitive price. They also handle showings, negotiations, and paperwork ensuring a smooth closing process.

In exchange, you will pay a commission of 5% to 6% of the home sale price.

3. Sell For Sale By Owner

With FSBO websites in Florida, you save 3% on the listing agent commission. And since the NAR Settlement, you also save on the 3% buyer agent commission, saving you approximately $25,000 on a $419,500 home.

However, you may need to conduct a thorough market research, advertise your property, and draw up a FSBO contract yourself. Plus, your home may not sell quickly due to zero MLS exposure.

4. Sell to a “We Buy Houses for Cash” Company

Cash companies give you instant cash offers and promise to sell your fast—often within7 to 14 days. You can also sell your Florida house as is to them and save thousands of dollars in repair costs.

However, these companies give only 30% to 70% of home’s fair market value.

» Home Value Calculator: Discover your property’s fair market value with Houzeo’s Free Home Value Tool.

🚨iBuyers May Drain Your Equity: While once a viable option, iBuyers have now either shut down or suffered massive financial losses. Our analysis suggests that iBuyers will offer much less than Fair Market Value for your home in 2024.

5 Tips to Sell a House Fast in FL

Understand the current market trends and targeted marketing techniques to make a successful sale quickly. Here are some effective strategies for you to implement to sell your house fast:

1. Pick the Right Time to Sell

While the Florida Real Estate Market is dynamic, analyzing seasonal trends and market conditions can help you determine the right time to sell your Florida home.

Spring and Summer are considered the best months to close a house sale quickly. But, people who move due to job relocation tend to do it during November and December, often due to tax implications and end-of-year bonuses.

So, you must consider all these factors and align your selling timeline and strategy with your personal goals to ensure a successful outcome.

» Best Time to Sell a House in Florida: Read what is the ideal time to sell a house in the Sunshine State and why!

2. Hire a Professional Home Stager

A staged home can help you get up to $40,000 more than the asking price for your Florida home. That’s not it. With home staging, you will also sell your home 9 days faster. Consider hiring professional home stager to prep your home for sale to attract more home buyers.

3. Improve Curb Appeal

It is advisable to enhance the exterior of your home through design elements, upgrades, and maintenance efforts. This is because the home exterior is the first thing potential buyers will see.

When you invest time and effort into improving your home’s curb appeal, you create a positive first impression on potential buyers.

4. Offer Seller Credit

Seller credit is a buyer’s closing cost that you cover as an incentive. It could cost you an additional 4% to 5% of the final price of your house.

You can offer seller credit to make your home more affordable to buyers, especially first-time homebuyers. This strategy will help you sell your FL home quickly and at a higher price.

5. Offer Flexibility: Close the Deal Quickly

When you accommodate buyers’ needs, such as extended closing periods and post-closing occupancy, you attract wide range of buyers. Your property becomes more appealing to the potential buyers, ultimately increasing your chances of a quick and successful sale.

NAR Settlement Saves Sellers Thousands in Commission

The NAR Settlement went into effect on August 17, 2024. Buyer agent commissions can no longer be offered on the MLS. This means sellers will save thousands! But it also means there’s a lot more compliance and litigation risks.

Here’s what this means for you:

• Sellers Can Save Thousands in Commissions:You will likely pay much less than the traditional 3% buyer agent commission. That’s because buyer agent commissions will be negotiated twice: Once when buyers engage buyer agents, and again when sellers review offer contracts.
• Seller Priority #1 Will Be Paperwork (to Mitigate Compliance & Litigation Risks):Buyer agents mitigate all types of risks. From seller disclosures, offer contracts, contingencies, inspections, repair requests, appraisal, and closing – Buyer agents keep the paperwork tight. Their state licensing authorities, Realtor associations, and MLS’ audit paperwork compliance. Without buyer agents, sellers will have to learn and adapt. Or risk expensive litigation.
• Negotiations Can Now Feel Like Haggling:Buyer agent commissions will now be part of offer contracts and buyer agency agreements. Buyers may ask sellers to include commissions in the form of seller concessions. That means home buyers and sellers alike will be negotiating commissions. Sellers will need expert licensed brokers to help them with these negotiations.
• Buyer Agent Commissions Can Be Offered Offline:Buyer agent fees can still be offered outside of the MLS. They just cannot be advertised on the MLS.

What to Avoid When Selling My House Fast in Florida?

Avoid time-consuming options such as auction and short sale if you want to sell your house fast. These methods may help you sell your home, but not quickly.

• Short Sale: In a short sale, a lender agrees to sell the property for less than the outstanding mortgage balance. However, obtaining the lender approval may take several months, delaying the selling process.
• Auction: You have limited control over the selling process and you also get limited exposure due to traditional selling method. Moreover, with fewer interested buyers or poor advertising, your property might sell for less than its true value.

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Top 3 Companies to Sell Your House Fast in Florida

• Houzeo.com: Houzeo is America’s most advanced real estate marketplace. that ensures your listing gets exposed to all potential buyers via the MLS. This maximizes your chances of receiving multiple offers and selling your house faster for a better price.
• Opendoor: You can close on your home’s sale in 10 to 15 days with one of the largest iBuyer company. However, Opendoor offers only 70% to 80% of yourhome’s equity.
• Florida Cash Home Buyers: The local cash buyer makes offers on all types of homes including distressed ones quickly. You will receive an offer in as little as a few weeks. However, they may not offer the highest possible offer for your home.

Sell My Florida House Quickly Near Me

How Can I Sell My Florida Home Fast?

List on the MLS in Florida for the quickest and most profitable sale. You get maximum exposure and multiple offers via MLS listing. You can also close the deal on your terms, whether you decide on a quick house sale or wait for better offers.

However, you must hire an agent and pay nearly $24,000 in commission to get on the MLS. But with Houzeo, you can skip the listing agent commission. Instead, you only need to pay a one-time flat fee for MLS access.

» Houzeo Reviews: See how Houzeo home sellers save thousands with Houzeo’s technology and MLS exposure.

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