Naples, FL (April 23, 2021) – Records were broken in March, but “don’t call Guinness just yet!” say broker analysts reviewing the March 2021 Market Report, released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). The analysts are a small contingency of leaders who represent the area’s top real estate brokerage firms and meet monthly at NABOR® to interpret area housing market statistics. The group’s analysis of activity last month confirmed that March broke records; but celebrations to commemorate the month’s record high statistics should be postponed because these broker analysts also agree that our market is probably not done breaking records for the year.
- Get a mortgage pre-approval
- Be ready to make a competitive offer
- Be available to view a home at the seller’s convenience
- Confirm that your agent has activated your profile in the Southwest Florida MLS, and make sure the information is accurate so you can be matched with new listings as soon as they become available
- Stay connected and respond quickly to your agent’s requests
- Be ready to make up the difference between the appraised value and the sale price if financing your home
- Don’t fall in love with just one house: Have a second and third choice in mind in case you miss out on your first choice
- If your favorite home choice goes pending with another buyer, make a back up offer anyway! Often, the first buyer backs out and you become the primary. You can continue shopping for a home and terminate the back-up contract at any time before you become the primary
- Rely on your REALTOR® for advice concerning escalation clauses and contingency matters
- Pay with cash to be most competitive, if possible, and avoid the mortgage underwriting process