Why Selling Now Is a Great Idea

Duncan Duo Tampa Real Estate Video Blog

Now is the perfect time for you to sell your Tampa home. Here’s why.

Looking to buy a home? Search All Homes
Looking to sell your home? Get a Free Home Value Report

We’re still in one of the hottest real estate markets we’ve ever seen, and it’s created a lot of unique situations for buyers and sellers alike. In particular, there are many opportunities for sellers to make a fantastic profit.

Few people expected that the pandemic would cause such an influx of homebuyers in Florida. People who would normally leave the state have chosen to stay instead, so supply and demand are heavily favoring the sellers. Additionally, record-low interest rates have continued.

We have less than a month of inventory in many of our markets, so a lot of bidding wars are taking place and netting sellers top dollar on their sales. Really, there’s never been a better time for sellers to jump into real estate. Additionally, sellers haven’t needed to do the upgrades and renovations they normally would in the past. You can still get offers above asking price when you sell your home as is, which nets you an even bigger profit. Home prices have also appreciated 21% year over year.

“

If you’re on the fence or waiting to sell, we recommend that you jump into the market sooner rather than later.

”

However, new laws may take effect next year that affect capital gains taxes. For example, people can currently avoid paying a capital gains tax if they live in their property for two of the last five years. There are talks of ending this within the next year, which is another reason why now is a good time to sell.

If you’re on the fence or waiting to sell, we recommend that you jump into the market sooner rather than later. A lot of things are likely to change in the near future, and these changes can cause you to miss out on great profits in your home sale. If you have any questions, would like more information, or are ready to sell your home, feel free to reach out to us. We look forward to hearing from you soon.