housing market
July 11, 2012
“Return of the bidding war for South Florida Homes” and “Miami Herald Goes House Hunting”. These are two articles that have been printed by the Miami Herald in the past two weeks about the market in South Florida. A few things that are similar about these articles: Both mention how the market in South Florida is bouncing back (and rather quickly), and interestingly enough, they both quote members of EWM as experts in the business. No surprise they went to EWM associates for their expertise. “Return of the bidding war for South Florida Homes”, written by Martha Brannigan, discusses the inventory of active listings in South Florida is low, and that if properties are priced right, they sell quickly. “Say […]
May 14, 2012
After one of the most successful first quarters in the past few years, we decided it was time to prove to our readers what we have been saying for quite some time: If you are thinking of selling your home, do it now! With the average price per square foot in Coral Gables being one of the highest we have seen in the past twelve months, and inventory being low, our market is fast approaching, if not already in, a seller’s market. Skeptical? These numbers don’t lie! As you can see in the chart above, inventory is incredibly low. A healthy market is considered to have 6-9 months worth of inventory. Below 6 months becomes a seller’s market. At 6.4 […]
February 11, 2011
If you will recall my recent post,“New listing in Pinecrest,” I just listed a 3 bedroom/ 2 bath home in Pinecrest last week. After 5 showings and 3 days on the market we had a signed contract in hand. It’s a wonderful house in a great location that I know will be the perfect home for it’s soon-to-be, new owners. This is just another indicator that the key to selling homes in this market is pricing. When you price a home at a higher price than the market can support chances are it will just remain stagnant on the market. Pricing a home realistically will help everyone save time, money and patience, in the end. If you are thinking of selling your home and would like to speak to me regarding the market, I would be […]
January 5, 2011
As you will recall in my recent blog, “What is a short sale?”, I explained the basics of short sales. Even though it is popular topic in the news, there is still a lot of mystery and gray area surrounding it. So, it’s easy for misinformation to spread. Today I want to clarify three myths I often hear. Myth #1 In a short sale situation, the bank owns the home. This is incorrect. That is the case with a foreclosure, which is when a lender has repossessed a home from the owner, as a result of continued loan default, and is selling it in order to recover their loss on the loan. A short sale is when a homeowner decides to sell their […]
December 15, 2010
I can’t tell you how many times I get this question from clients, family, collegues and various others in the course of a week. It is a relatively new concept, only really becoming popular within the last few years, and lately seems to be the situation with a good portion of my listings and those listings that buyers I am working with are interested in buying. A short sale occurs when a seller’s lender agrees to take a payoff for less than balance owed on their loan. Then they either forgive the remaining debt or ask the seller to pay back all or some of the debt, through a promissory note or cash contribution. When a seller chooses to sell […]
September 29, 2010
If you are considering selling your home the first question you must ask yourself is,”Am I serious about selling?” If the answer is “Yes” then I am sure you will want to attract buyers and receive the highest possible purchase price for your home. Pricing is crucial in today’s market. An over-priced home gives the impression that you are not serious about selling. Although, inventory is progressively decreasing there are still a lot of homes to choose from out there. Serious buyers are aware of this and are doing their homework before making their next big purchase. It is safe to say that an overpriced home will often be overlooked not only by these buyers, but by realtors. Many buyers grow tired and frustrated with available housing, […]