Waterfront vacation home in Florida

Vacation homes are more popular than ever thanks to the lifting of pandemic restrictions. People are clamoring to travel again, and many prefer short-term home rentals over hotels or resorts. This is good news for anyone selling a vacation home in Florida. If you’re considering putting your vacation home on the market, here are a few things you should know.

Now Is a Good Time to Sell a Vacation Home

The real estate market is very favorable for sellers right now, including those looking to sell vacation properties. Over the past year, homes in Florida have been selling for over asking. Inventory in most areas is low and demand is high, which means many buyers are entering bidding wars and many sellers have seen price escalations. This trend may not continue much longer, so now is a good time to take advantage of the seller’s market.

A Local Real Estate Agent Can Help You Get The Best Price

If you’re like many second home owners, you probably don’t live in your vacation property year-round, so you may not know the local market inside and out. An experienced Florida real estate agent can give you valuable insight into the latest market trends and what other similar homes in your area are going for. They can help you price your house right so that it sells quickly and for the best price.

First Impressions Are Everything

When it comes to selling real estate, first impressions are everything. This is particularly true for vacation homes because buyers want a piece of paradise that they can either escape to themselves or promote to short-term renters. Before showing your vacation home, you want to make sure that you do a major deep-clean and fix obvious eyesores or anything that is broken. Home staging is a great way to show your home in its best light.

Compiling Rental History Can Put You Ahead of the Competition

Most people looking to invest in a vacation property will want to rent the home out for at least part of the year. It helps if you can provide them with as many details as possible so that they can make an informed decision. This includes the previous rental income and number of bookings per month, the name of your property management company, the platforms the property is listed on, and any future bookings.

Keep Bookings Open While You Sell

While it may seem logical to block off bookings while your home is on the market, there really is no reason to stop your rental income from flowing. In fact, many people who invest in vacation homes want a turnkey property that they can simply take over and keep running as it is or with few changes. If you’re worried about showings, try blocking off low travel days in the middle of the week or creating videos and virtual tours.

Are you considering selling your Florida vacation property? We can help with all your Florida real estate needs including residential and commercial sales, leasing, purchases and full service property management. Contact us here or call our Central Florida office at 407-656-7814 or South Florida office at 954-760-5885 to speak to one of our Florida real estate experts today!

Kari Fleck, Owner & Broker

From Atlantic Coast To Gulf Coast - The Real Estate Expertise You Deserve

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