Hurricane Ian hit many cities in Southwest Florida and left severe damage in its wake. It didn’t only cause structural damage to the cities, but it also affected several industries, one of which is the real estate market.
If you were planning to buy a home in Naples, FL, you might wonder if hurricane Ian has affected local home prices. In this blog, we’ll look at what expert real estate agents are saying about the housing market in Naples and offer some advice for those looking to buy shortly.
Current State Of The Housing Market
It’s no secret that the Florida housing market took a hit after hurricane Ian this year. Many homeowners were left with extensive damage to their property, and many still have not been able to rebuild fully. As a result, the number of homes on the market has increased while the number of buyers has decreased. This has caused home prices to drop significantly in many parts of Florida, including Naples.
However, there is some good news on the horizon. Home sales in Florida are starting to rebound as more people begin to feel confident about the state of the economy. Additionally, mortgage rates are still at historic lows, making now a great time to buy a home in Florida.
Advice For Those Looking To Buy A Home In Naples
If you’re thinking of buying a home in Naples, FL, it’s important that you work with an experienced real estate agent who knows the local market well. They will be able to help you find properties that fit your budget and need. Most people don’t do the best job when it comes to negotiating house prices, but a real estate agent can negotiate on your behalf to get you the best possible price. Additionally, make sure to get pre-approved for a mortgage before beginning your search to know exactly how much you can afford to spend.
Get In Touch With Real Estate Agents In Naples, FL
If you have questions about purchasing property in Naples, FL, our trained real estate agents at Southwest Florida R.E. Group can help. Whether you’re looking to buy a house or sell one, we’ve got you. We’ve closed over 2000 deals over the past couple of years.
You can look at our city guide if you want to buy a home in Naples, FL. Or, if you’re looking to sell your home, you can get started here.
Contact us today to learn more about our services.