Miami Real Estate Break On Saturday Morning 10-7-2017

Miami Real Estate Break On Saturday Morning 10-7-2017

Good Morning! Welcome to this week’s Miami Real Estate Break On Saturday Morning.

Today we are going to talk about checking the price of your home if it hasn’t sold.

In many price points in the Miami real estate market and surrounding neighborhoods, we are still experiencing a solid seller’s market. If your property is on the market and hasn’t sold, it could be the price.

If Your Miami Home Hasn’t Sold Yet… Definitely, Check the Price

When determining how to price a property we consider the following:

  • How many properties are currently on the market in your neighborhood and what are the ACTIVE prices?
  • How many properties are currently under contract in your neighborhood and what are they listed at when going under contract?
  • What has recently sold over the last six months and how are they comparable to your property regarding price, condition, location and more?

If your house hasn’t sold, it could be the price. 

If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prosp­­ective buyers that will even see your house. See chart below.

Pricing Miami House Hasn’t Sold Yet

If your house hasn’t sold, it may also be the location or condition of the property.

If the location of your property is not a favorite neighborhood or if the property is located next to an unattractive feature, this could also be a reason why the home hasn’t sold.

If the condition of the property is not attractive for instance if your home is dated in style, features and amenities this may also be a reason why the house hasn’t sold.

If you are not able to remedy location and the condition, ultimately the price can be adjusted to make a correction and get the property sold.

When selling a home in Miami, it’s essential to work with an agent who knows the market stats in your neighborhood so you can price correctly and get your home sold for top dollar in today’s market.

Call us today and let’s go over the market data to determine is now the time to sell your home:  305-793-8965

 


Miami Real Estate Neighborhood 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!

Biscayne Park Real Estate info

Coconut Grove Real Estate info

Coral Gables Real Estate info

Miami Beach Real Estate info

Miami Shores Real Estate info

North Bay Village Real Estate

Pinecrest Real Estate


 

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 allows properties to sell 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

blog post from our KCM blog

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About Jamey Prezzi

Jamey Prezzi serves the residential real estate market from the South of Miami to parts of Broward and all neighborhoods in between. She works in collaboration with her husband, Ognjen Prezzi at ONE Sotheby’s International Realty.

Recognized as Top Producers over the last 12 years, they are committed to their customers as well as their local real estate community.

Whether you are looking to sell your home or buy a new one, they have an in-depth market knowledge and can help guide you successfully through the neighborhoods, different types of homes and what to expect when selling or purchasing a home in South Florida.

Their mission is to provide an over the top level of service by setting their clients up to succeed from the very beginning through providing sound advice, solid strategies, and following through with an “all hands on deck” approach throughout the sales process.

They have a local real estate blog with over 800 blog topics and a popular youtube channel with more than 100 videos.

Jamey is originally from South Carolina and Virginia. She resides in Miami Beach with Ognjen and their son.

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