Why Buyer Brokers Are Essential in Florida Real Estate

Florida’s Booming Market: Why Buyer Brokers are Essential in 2023

Estimated Reading Time: 5 minutes

  • Florida’s housing market is experiencing unprecedented demand and low inventory.
  • Buyer brokers provide critical advantages in a competitive market.
  • Beverly Howe offers unmatched expertise and support for home buyers.
  • Understanding the local market dynamics is vital for success.

Table of Contents

Why Florida’s Housing Market is Surging in 2023

Several factors are fueling the incredible growth and demand in the Florida residential real estate market:

  • Florida’s population is rapidly expanding, with over 1,000 people moving to the Sunshine State every day, drawn by the warm weather, beautiful beaches, and lack of state income tax. The state’s population is projected to increase by over 300,000 people in 2023 alone.
  • The rise of remote work has allowed more people to relocate to their ideal destinations like Florida while keeping their high-paying jobs based elsewhere. Florida is the #1 destination for relocating remote workers.
  • Mortgage interest rates, while higher than their 2021 lows, are still at historically low levels, increasing buying power for home shoppers and spurring demand.
  • Florida’s economy is thriving, consistently outpacing the national average in job and GDP growth. The state is a hub for high-growth industries like aerospace, financial services, healthcare and hospitality.
  • Residential construction has not been able to keep pace with the influx of new residents, leading to an extremely constrained supply of homes for sale. Florida has only a 2-month supply of inventory as of early 2023.

The result is an ultra-competitive seller’s market, with homes selling as soon as they’re listed, often with multiple offers over asking price. The median home price in Florida has soared to $410,000, an 18% increase from a year ago. Two-thirds of homes are selling above their initial list price.

How a Florida Buyer Broker Can Help You Succeed

When homes are selling this quickly and competitively, you need a skilled buyer broker advocating for your interests and helping you stand out from the competition. Here’s how partnering with an experienced buyer broker provides an advantage:

  1. Early Access to Listings: Buyer brokers often learn about homes coming on the market before they are publicly listed. They can alert you right away so you can be first in line with an offer when desirable properties hit the market. In a market this competitive, getting a head start is often the difference between winning or losing your dream home.
  2. Negotiation Expertise: With most listings receiving multiple over-ask offers, you need a shrewd negotiator to make your bid the most attractive to sellers. Buyer brokers have expertise structuring offers with the right mix of price and terms to beat out the competition. They also have relationships with listing agents to gather intel on what sellers are looking for.
  3. Valuation & Market Analysis: It’s easy for buyers to overpay in a frenzied market. A good buyer broker provides an objective analysis of a home’s fair market value so you don’t get caught up in a bidding war and pay more than you should. They have access to off-market comparable sales data to calculate an accurate valuation.
  4. Professional Guidance: The home buying process can be complex and stressful, especially in a cut-throat market. An experienced buyer broker guides you through each step, from getting pre-approved for a mortgage to scheduling inspections to reviewing condo docs. They provide clarity and peace of mind.
  5. Post-Closing Support: Your relationship with your buyer broker doesn’t end when you close on your new home. The best brokers continue to be a resource afterward, providing recommendations for contractors, designers, and other professionals to help you settle into your new home and community.

Why Choose Beverly Howe as Your Florida Buyer Broker

Beverly Howe is a top buyer broker in Florida with over 20 years of experience helping home buyers find their piece of paradise. Some of the reasons she is trusted by so many Florida home shoppers include:

  • Unmatched Negotiation Skills: Beverly’s expert negotiation tactics help her buyers’ offers win in competitive multiple-bid situations. She excels at crafting compelling bids.
  • Extensive Market Knowledge: Beverly’s decades of experience provide encyclopedic knowledge of Florida’s housing inventory, neighborhoods, and market dynamics. She knows how to match buyers with their ideal homes and locations.
  • A Vast Professional Network: Beverly’s close relationships with top agents, mortgage lenders, inspectors, attorneys, and contractors provide her buyers an edge and a smooth transaction.
  • Accessible & Attentive Service: Beverly provides the responsive, hands-on support you need in a fast-moving market. She’s always just a call, text, or email away to answer questions and solve problems.
  • Trusted Expertise: Beverly’s sterling track record and glowing reviews from past clients demonstrate why she is one of Florida’s most referred buyer brokers. Her expertise makes the daunting process easy.

FAQ Section

What is a buyer broker? A buyer broker is a licensed real estate professional who exclusively represents the buyer in a property transaction, ensuring their interests are prioritized.

How can a buyer broker help in a competitive market? A buyer broker can provide early access to listings, expert negotiation tactics, market analysis, and professional guidance throughout the buying process.

Why should I choose Beverly Howe as my buyer broker? Beverly Howe offers unmatched negotiation skills, extensive market knowledge, a vast professional network, and attentive service, making her a trusted choice for home buyers in Florida.

Call to Action

If you’re looking to buy a home in Florida in 2023, don’t go it alone. Partner with an experienced buyer broker like Beverly Howe who can give you the competitive advantage you need. Contact Beverly today at 1-800-283-7393 to start your home search or visit www.floridabuyerbroker.com to explore available listings and see why so many Florida buyers trust her to help them find their dream home. Make your Florida homeownership dreams a reality with Beverly Howe!