Don’t Be Fooled By These 3 Real Estate Myths
April 22nd, 2013 categories: Aventura, Market Trends, Real Estate News
Don’t Be Fooled By These 3 Real Estate Myths
by Brendon DeSimone / Published April 01, 2013 / Zillow
As the real estate market significantly rebounds, some buyers and sellers are dipping their toes in the waters for the first time. Inevitably, they come into the market with assumptions about how it works.
Their assumptions may come from TV reality shows or watching their parents’ house-hunting experiences. Maybe they’ve learned about real estate from a co-worker’s recent home buying or selling experience. The trouble is, the new buyer or seller’s assumptions are sometimes based on outdated or generalized “real estate myths.” Here are three such myths that many less-seasoned home buyers and sellers assume are true.
Myth No. 1: Spring is the best time to sell a home
Historically, real estate seasons were tied to summer and the end of the school year. Families were the typical buyers or sellers, and they wanted to move during the summer so their kids could start anew in September. That’s how spring became the prime selling season. It’s true there are still more homes for sale in the spring, which means there’s a lot of activity and buzz. But spring isn’t necessarily the best time to sell a home anymore.
The reality: The best time to sell is during the holidays and right after
Today, more than half of buyers aren’t married, and their decisions aren’t based upon school schedules. So spring isn’t as relevant as it used to be. Instead, the best time to sell a home is in November, December and January.
It’s a supply-and-demand issue. Most sellers assume buyers aren’t seriously looking during this prolonged holiday season. And yet, many buyers are looking at properties in person and online right up until Christmas Eve. If the right home goes on the market in mid-December, a serious buyer — and there will be a lot of them — will take note.
After New Year’s Eve, most buyers jump back into their routine with a resolve to get into the real estate market, even though many sellers wouldn’t even consider listing in January. The net effect: Savvy sellers will face less competition for a still-strong pool of buyers during this period. And that makes November-January a great time to sell.
Myth No. 2: Always start with your lowest offer
There’s no generalized strategy for making an offer on a home anywhere, ever. A seller could have overpriced or underpriced the home on purpose. Some markets may be more competitive than others. But, somehow, in the back of the buyer’s head Read the rest of this entry »
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Presenting Golden Pointe Townhomes at The Waterways
April 20th, 2013 categories: Aventura, Listings, Real Estate News
Presenting Golden Pointe Townhomes at The Waterways 
This 4 bedroom, 3 bath, waterfront residence has 2,180 square feet of living space plus a 1 car garage. This well maintained, 2 story property, has a private elevator installed by the current owner, a custom designed kitchen with granite counters, a formal dining room and hurricane shutters. The floor plan is unique and has 1 bedroom on the main level and 3 bedrooms on the second floor. The community offers 24 hour manned security gate and a heated swimming pool. Golden Pointe residents have access to the tennis courts and use of the Spa facilities at The Point for an annual fee of $1,983.
Property Tour: 3788 NE 209th Te, Aventura, FL 33180
To view a tour of this property just click on START TOUR below:
This is a rare opportunity to own a waterfront townhome in this upgraded community in Aventura. For more information on this or any other South Florida real estate information contact me at (305) 329-4929 or [email protected]
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Real Estate Tips For Home Buyers and Sellers
April 20th, 2013 categories: Aventura, Buyers, Real Estate News, Sellers
Real Estate Tips For Home Buyers and Sellers
Barbara Corcoran, real estate mogul and founder of The Corcoran Group gives advice to future and current homeowners.
When you become a buyer or seller the most important thing you can do is learn your market. Talk to a savvy local agent, and don’t make assumptions based on what you think you know. Real estate is local and every market is different with its own customs. If you believe there are general rules for real estate strategy that apply everywhere, you’ll likely be fooled.
I’m available to assist you with all your South Florida real estate needs. Contact me at (305) 329-4929 or [email protected]
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Real Estate Market Update – April 2013
April 4th, 2013 categories: Aventura, Market Reports, Real Estate News
Real Estate Market Update – April 2013
Ron Shuffield, President of EWM Realty International gives us an update on the increasing prices of South Florida homes. Click here to view the video.
Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]
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Low Inventory of Homes for Sale Plagues Many Markets
March 1st, 2013 categories: Aventura, Real Estate News
Low Inventory of Homes for Sale Plagues Many Markets
The low inventory of for-sale homes is creating a seller’s market throughout the country.
“Buyers and agents are literally waiting for the next house,” says Rick Turley, president of Coldwell Banker Residential Brokerage for the San Francisco Bay Area.
The supply of existing homes for sale reached nearly an eight-year low in January, according to the National Association of REALTORS. Nationwide, there is a 4.2-month supply of existing homes for sale.
A more balanced market with a six-month supply will occur when home prices rise another 20 percent, says John Burns, CEO of John Burns Real Estate Consulting. Such an increase would then lure sellers to match demand coming in from renters and investors, and the rise in prices will also lead to more home building, Burns says.
Still, a return to healthy inventory levels could be years off, some say. “Many home owners can’t afford to sell because they don’t have enough equity to put into buying another house — or would have to write a check to sell,” USA Today reports. “The supply of distressed houses for sale is thinning as the foreclosure crisis recedes, especially in some states. Home building, while improving, is still at low levels. And, after years of holding on, few home owners want to sell when prices are just coming off the bottom, REALTORS say.”
Source: “Home sellers are scarce as spring buyers stir,” USA Today (Feb. 26, 2013)
I hope this information is useful to you. Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]
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South Florida Residential Inventory Continues to Fall
February 28th, 2013 categories: Aventura, Market Trends, Real Estate News
South Florida Residential Inventory Continues to Fall
Residential inventory in South Florida fell to 34,398 from 34,535 active listings for the week ending February 25, 2013. During the same period, pending sales increased to 23,565 from 23,013.
Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing. The figures were compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service.
I hope this information is useful to you. Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]
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Aventura Movie Night at Waterways Park
February 28th, 2013 categories: Aventura, Community Events
Aventura Movie Night at Waterways Park
The City of Aventura is hosting Movie Night at Waterways Park, located at 3301 NE 213th St, on Saturday, March 2, 2013. Admission is free. Gates open at 6:00PM, and the movie “Hotel Transylvania,” which is rated PG, will start at 7:00PM. Bring lawn chairs and blankets.
Parking is located at Gulfstream Park which will be accessible from the NE 213th St entrance, and shuttle service will be provided to Waterways Park. Food trucks will be available.
For more information, contact the Community Services Department at (305) 466-8930 or Waterways Park at (305) 466-8008 or visit the City’s website at www.cityofaventura.com.
I hope this information is useful to you. Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]
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Happy Valentine’s Day!
February 14th, 2013 categories: Aventura
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Portsview Condominium Market Update
February 10th, 2013 categories: Aventura, Real Estate News
Portsview Condominium Market Update
PORTSVIEW
- Apt 408 – 3 BR 2 BA – Just Sold February 2013 – $343,000
- Apt 1112 – 2 BR 2 BA – For Rent – $1,700/month
- Apt 911 – 2 BR 2 BA – For Rent – $1,600/month
HARBORSIDE
- Apt 1104 – 2 BR 2 BA – Just Sold January 2013 – $310,000
- Apt 607 – 2 BR 2 BA – Just Rented January 2013 – $1,800/month
Looking to buy or sell? Contact me for more information on South Florida real estate at (305) 329-4929 or [email protected]
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Home Prices in 2012: Best Year-on-Year Gain in Six Years
February 8th, 2013 categories: Aventura, Market Trends, Real Estate News
Home Prices in 2012: Best Year-on-Year Gain in Six Years
Posted By susanne On February 7, 2013 @ 4:09 pm In Business Outlook,Consumer News and Advice, Finance and Economy, Real Estate Information, Real Estate Trends, Today’s Marketplace, Today’s Top Story
CoreLogic, a leading residential property information, analytics and services provider, recently released its December CoreLogic HPI report. Home prices nationwide, including distressed sales, increased on a year-over-year basis by 8.3 percent in December 2012 compared to December 2011. This change represents the biggest increase since May 2006 and the 10th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 0.4 percent in December 2012 compared to November 2012. The HPI analysis shows that all but four states are experiencing year-over-year price gains.
Excluding distressed sales, home prices increased on a year-over-year basis by 7.5 percent in December 2012 compared to December 2011. On a month-over-month basis, excluding distressed sales, home prices increased 0.9 percent in December 2012 compared to November 2012. Distressed sales include short sales and real estate owned (REO) transactions.
The CoreLogic Pending HPI indicates that January 2013 home prices, including distressed sales, are expected to rise by 7.9 percent on a year-over-year basis from January 2012 and fall by 1 percent on a month-over-month basis from December 2012, reflecting a seasonal winter slowdown. Excluding distressed sales, January 2013 house prices are poised to rise 8.6 percent year over year from January 2012 and by 0.7 percent month over month from December 2012. The CoreLogic Pending HPI is a proprietary and exclusive metric that provides the most current indication of trends in home prices. It is based on Multiple Listing Service (MLS) data that measure price changes for the most recent month.
“December marked 10 consecutive months of year-over-year home price improvements, and the strongest growth since Read the rest of this entry »
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