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Do You Believe It’s A Good Time To Sell Your Home?

Do You Believe It’s A Good Time To Sell Your Home?For Sale

In a recent Keeping Current Matters blog post by Steve Harney entitled Selling Your House?  5 Reasons To Do It NOW!, Steve gives us 5 strong reasons to sell now instead of waiting until later in the year.

1)  Interest Rates Are On The Rise

Interest rates are now over 5%.  As rates increase, the mortgage amount a buyer qualifies for decreases.  Eventually this will have a negative impact on prices.

2)  Your Dream Home Will Never Be Cheaper

If you are buying, COST should be more important than PRICE.  Cost can be dramatically impacted by rising mortgage interest rates.

3)  Buyers Are Out Early

Mounting evidence is showing that buyers are coming out earlier this year than the ‘Spring Buying Season’ due to the believe that now is a good time to buy.  That coupled with the increase in interest rates has started the buying season early.

Pete Flint, CEO of Trulia:

“We’re seeing a national resurgence of buyer and seller activity on Trulia.com.  In January alone, we expierenced an unprecedented level of site traffic including 11 million unique visitors – which is more than 70% year-over-year growth.  We are now experiencing 100,000 property views per minute.”

The National Association of Realtors just reported that the number of house sales increased 12.9% over last month.

4)  Inventory Increases Every Spring

Here is the number of listings available for sale in 2010

  • February – 3,531,000
  • March – 3,626,000
  • April – 4,029,000

Steve Harney believes that there will be an increase in these numbers in 2011 as there is a pent-up selling demand created by the weak market of the last few years.  If you sell now you won’t have to worry about this increasing competition.

5)  We Are In The Eye Of The Foreclosure Storm

As banks try to correct their foreclosure procedures, there is a large supply of discounted properties which have been delayed coming to market.  This inventory will be released sometime in the next few months.  Foreclosures sell on average at a 41% discount.  When they are released these properties will be competing with your house for buyers.  If you are looking to sell in 2011, you want to sell before this inventory becomes your competition.

Let’s sit down today and discuss the best options for you.  You can contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Do You Believe It Is A Good Time To Buy A Home?

Housing Market

Do You Believe It Is A Good Time To Buy A Home?

In a recent Keeping Current Matters blog post by Steve Harney entitled The First Question You Should Ask Your Listing Agent, Steve discusses whether now is a good time to buy a home.

The Wall Street Journal last week stated:

With home sales starting to improve, and with prices now possibly forming a bottom, real estate could well be the asset class that represents the best low-risk buying opportunity out there today.

Donald Trump was just quoted saying:

I’m pretty sure this is a great time to go out and buy a house.  And if you do, in 10 years  you’re going to look back and say, ‘You know, I’m glad I listened to Donald Trump’.

John Paulson, a multi-billionaire hedge fund operator and the investment genius who made a killing betting against housing a few years ago, is now bullish on residential real estate market.  He recently said:

If you don’t own a home, buy one.  If you own a home, buy another one.  If you own two homes, buy a third.  And, lend your relatives money to buy a home.

A recent Gallup Poll showed that 67% of American’s think that now is a ‘good time’ to buy a home.  The Gallup Organization went on to say:

Overall, there is good reason for most Americans to think now is a good time to buy a house.  Interest rates remain near historic lows.  Home prices are down sharply, providing many incredible buys.

An iconic financial paper, the country’s most famous real estate investor, the most successful prognosticator of the housing market and 2/3 of all Americans say now is the time to buy a home.

If you have come to the same conclusion and want to buy a home or condo, I am ready to help you.  Please contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

Upcoming Events At Aventura Arts and Cultural Center

Upcoming Events At Aventura Arts and Cultural CenterAventura Arts & Cultural Center

Celebration of Life Music Festival – January 8, 2011

On January 12, 2010, The New Victorian School was completely destroyed by the 7.0 earthquake which hit Port-au-Prince, Haiti. Romel Joseph, Executive Director, was trapped under the rubble of the school for 18 hours. His remarkable ordeal captivated audiences around the world, including Miami Herald, Washington Post, London Times, CBS News with Katie Couric, BBC, Stevie Wonder and others. Walenstein Musical Organization, also founded by Mr. Joseph, will present a “Celebration of Life Music Festival” to commemorate the 1st anniversary of Haiti’s earthquake, as well as help raise funds for the reconstruction of The New Victorian School.

Miami International Piano Festival: Prodigies & Masters of Tomorrow – January 9, 2011

South Florida’s got talent! Luis Urbina (19 year-old pianist) joins forces with Michael Province (15 year-old violinist) in a program showcasing the brilliant virtuosity of these rising stars. Both were selected by the Piano Festival for their extraordinary musicianship and receive guidance from the great Masters within the Piano Festival family. Province was featured in the documentary, “The World’s Greatest Musical Prodigies.” Urbina performed with the legendary violinist, Ida Haendel in New York City. Today’s program will feature Michael & Luis playing solo works and partnering on Grieg’s Violin Sonata in G and the “Symphonie Espagnole,” (Violin and “Orchestra”) by Edouard Lalo.

Brazilian Voices – Smart Stage Matinee – January 10, 2011

Don’t miss the beat with Afro-Brazil … be part of this exciting experience of unique musical rhythms born long ago when Read the rest of this entry »

Written by Michael Solovay | Discussion: 3 Comments »

Season’s Greetings

Season’s Greetings

Season's Greetings

Written by Michael Solovay | Discussion: No Comments »

Aventura Mall’s Annual Chocolate Festival

Chocolate Festival At Aventura MallChocolate Festival

When:  Sunday, October 10, 2010 from 12:00pm – 4:00pm

Where:  Aventura Mall Center Court

The annual Chocolate Festival is the place to find chocolate morsels to tempt your palate.  The festivities include:

  • a kid’s chocolate station
  • raffles
  • a runway show featuring chocolate inspired fashions

Proceeds from tickets will benefit the Children’s Craniofacial Association.   Tickets are $1 each or 13 for $10 and can be purchased at the event.

Sponsors of the event include:

  • Norwegian Cruise Line
  • Turnberry Ocean Colony
  • Gym Kids
  • New York Bakeries
  • Chef Allen’s
  • Grand Lux Cafe
  • Schakolad Chocolate Factory
  • The Grateful Palate
  • Fairmont Turnberry Isle
  • Ocean Prime, and more

For more information call (305) 935-1110.

For information on sales and rentals of real estate in Aventura contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

EWM Realtors – Top Producers 2009

Chairman’s Club

EWM Top Producers for 2009

If you would like to work with a Top Producer contact me today at (305) 332-4260 or [email protected]

Written by Michael Solovay | Discussion: No Comments »

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