5 Big Reasons to Sell Your Home This Year
It's no secret that life's been pretty good to sellers for the past several years. Even if you had no need—or desire—to move, the housing landscape might have seriously tempted you to put your house on the market anyway. After all, it's hard not to see visions of dollar signs when your neighbors are unloading their homes for tens of thousands over asking price.
But as they say, all good things must come to an end. And you've probably heard that the white-hot housing market of years past is finally beginning to cool.
So if you haven't listed your home before now, did you miss the boat? …READ MORE
Do you have any advice on how to find
the best house at the best price?
There’s no such thing as “the best” house; there is only the best house for the two of you. As with most things in life, proper preparation is the key. Get together and first decide where you want to live. For example, if there are kids in the picture, a good school district is important but tends to raise prices, so you may want to avoid that area if schools are not a priority.
Now it’s time to find a real estate agent. Real estate is very local, and you will want an agent who is experienced in the neighborhoods you are looking in…READ MORE
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The Current Miami Springs Market
Again, what a difference a week makes! This week had much more activity than last week.
- Inventory is now under 40 properties.
- Of the 39 active listings, over half, (20) are listed over $500,000.
- Three listings are over $1,000,000.
- Only 6 listings under $400,000
- Eighteen (18) 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 6 listings under $400,000. How long will this sellers’ market last? A shift is on its way. Sellers should really evaluate their position in the market in order to realize a sale quickly. Prices remain strong. Interest rates are low. A Buyer’s market is waiting in the wings!
During the period of February 15, through February 22, 2019 there were 6 new listings, 2 closed sales, 4 pending sales, 0 expired listings, 3 cancelled listings. 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.
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, February 22, 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: email@example.com
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