1. Time is of the essence. There is approximately 60-90 days remaining in the peak selling season. Most buyers are looking to move into their new home by the end of August. For families in Alachua County, students go back to school on August 24th and most have back to school as their target date.
2. Interest rates are still low. This means buyers are able to get the money they need to purchase your home. It looks as though interest rates will be begin rising again.
3. New construction is coming back. Over the last several years, most homeowners selling their home did not have to compete with a new construction project. As the market continues to recover, more and more builders will jump on the bandwagon. These brand new homes will again become competition as they are an attractive alternative to many purchasers not wanting to remodel an older home.
4. Rising rental prices are motivating tenants to take the plunge into home ownership. Rent has become so expensive it makes it too difficult to save for a down payment eliminating the reason for renting in the first place.