Good Afternoon! Welcome to this week’s Miami Real Estate Break On Saturday Afternoon.
Over the last month, we have seen numerous natural disasters all over the world. It can be horrifying and the process of recovery very tedious. Locally we are getting back to normal which is not only necessary but super helpful to keep moving forward. We are grateful.
Looking For A Luxury Home? Now’s The Time To Act!
If your house no longer fits your needs and you are planning on buying a luxury home, now is a very good time to do so! According to Trulia’s Market Mismatch Study, buyers are in control in today’s premium home market.
The inventory of homes for sale in the luxury market far exceeds those searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer, or can be found at a discount.
Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call your house their new home. The sale of your starter or trade-up house will aid in coming up with a larger down payment for your new luxury home. Even a 5% down payment on a million-dollar home is $50,000.
But not all who are buying luxury properties have a home to sell first.
A Washington Post article gave some insight into what many millennials are choosing to do:
“Some high-earning millennials save money until they are in their early 30s to buy a place and just skip over that starter-home phase. They’ll stay in an apartment until they can afford to pay for the place they want.”
The best time to sell anything is when demand is high, and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs and are looking to step into a luxury home, now’s the time to list your house for sale.
Miami Real Estate Update Listing Updates
Ok, let’s get right into all the latest listings, price reductions, and solds from some of the popular neighborhoods of Miami and Miami Beach.
We are in the process of revamping our weekly updates and will add more neighborhoods bit by bit. Enjoy!
If you own a home or condo in Miami or Miami Beach and you’re considering selling, GIVE US A CALL. Our market is very competitive and to sell in today’s market, you need an experienced agent to help you sell faster and get top dollar. We would love to show you our savvy marketing and digital plan that helps move properties faster.
If you’re a buyer, let us know EXACTLY what you’re looking for, and I can set you up in our VIP MLS registry. This data is way more accurate than what you will find online on your on own, and you will be notified of properties as soon as they hit the market.
Miami real estate is like every other in regards to today’s market condition it’s all about market supply/demand, condition, location, and price. If you have any questions about buying or selling in today’s market, give us a ring, and one of us can go over what you can expect today: 305-793-8965