13 First-Time Homebuyer Mistakes to Avoid

Buying your first home comes with many big decisions and can be as scary as it is exciting. It’s easy to get swept up in the whirlwind of home-shopping and make mistakes that could leave you with buyer’s remorse later. If this is your first rodeo as a homebuyer or it’s been many years since you last bought a home, knowledge is power. Here are the 14 most common mistakes first-time buyers make—and how to…READ MORE

Protect Yourself When Buying or Selling Property

Q:I am getting ready to sell my house. I spent many years paying off my mortgage and am worried about something terrible happening to my proceeds. I need that money to buy a condo and retire. How can I protect myself?

A:You are right to be cautious. Financial crime and fraud are a problem in the real estate industry. From counterfeit cashier’s checks to fake deeds, criminals can be very creative in separating you from your money. Fortunately, even with…READMORE

This week activity slowed down a bit.

Inventory down to 38 active listings
Of the 38 active listings, (19) are listed over $500,000.
2 Listings are over $1,000,000.
7 Listings under $400,000
Thirteen(13) active listings have had a price reduction. What does this mean? Usually, the property was overpriced from the beginning. The sellers are recognizing the market is changing. Prices are not increasing as fast as the last several years. Sellers don’t want to miss potential buyers and deal with increased competition.

The Miami Springs & VG markets continue to be very strong. The demand is high for properties under $400,000. There are only 9 listings under $400,000. How long will this sellers’ market last? Experts say a shift is on the way.

Sellers that haven't been able to sell their property should really evaluate their position in the market and adjust accordingly based on their circumstance. Prices remain strong. Interest rates are low. Timing is everything.

During the period of April 12, through April 19, 2019 there were 3 new listings, 1 closed sales, 2 pending sales, 0 expired listings, and 1 cancelled listing. There are still very good buying opportunities for buyers especially since interest rates remain very good. IT REALLY IS A GOOD TIME TO BUY OR SELL.

Attention Sellers!

Low Inventory + Low Interest rates + Increasing prices = Sellers Market.

The Market will change. Act Now!

The table below shows the current status of the Miami Springs/VG real estate market as of Friday, April 19, 2019. All closed sales are within last 90 days.

HOW DOES YOUR HOUSE COMPARE?

*Disclaimer: The data relating to real estate displayed on this website and the chart above comes from the Miami Board of Realtors MLS. All listing information is deemed reliable but not guaranteed and can be independently verified.

A complete list of all the properties for sale in Miami Springs or any other area of Miami-Dade County can be sent to you on regular basis. Request it at: charlie@leonardrealestategroup.com

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