Dream Big: 6 Reasons Why You Should Look at
Homes Outside Your Price Range
When you are house hunting, budget is everything. It dictates how much home you can reasonably afford, and therefore which homes you look at. After all, you don’t want to end up house poor or risk going into foreclosure because you couldn’t maintain your mortgage payments.
“In general, I don't like to show buyers homes outside of their price range, as it can create expectations of things they can't afford,” says Bill Golden, an independent real estate agent with Re/Max Around Atlanta.
However, he says, there are times when looking outside your budget does make sense. Here are six top reasons why you shouldn't be afraid to… READ MORE
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The Current Miami Springs Market
Inventory 'Tight' in Miami Springs & VG There are only 27 active listings this week. In 2019 my report showed 48 active listings. This represents a 43% decrease in inventory in one year. This is especially good for sellers
27 active listings this week
2 closed sales this week
11 listings under $400,000 (Note:The inventory in this price range has remained stable in the last few weeks)
7 listings between $400,000 and $500,000
9 active listings are priced over $500,000
1 properties are listed over $1,000,000.
9 active listings have had a price reductions (0 this week).
What does this mean? Usually, the property was overpriced from the beginning.
- Prices are not increasing as fast as the last several years.
- Sellers should not miss potential buyers and deal with increased competition
- Sellers that haven’t been able to sell their property in this market should re-evaluate their pricing, strategy and adjust accordingly based on their market circumstance.
Timing is everything.
If you re on the fence about selling, get off and put your house on the market.
During the period of December 27, 2019, through January 5, 2020 there were reported 2 new listings, 2 closed sales, 2 pending sales, 2 actives with contract, 2 expired listings, 2 cancelled listings, 2 Temp off market, 0 price reductions and 1 price increase. Interest rates remain low. A GREAT TIME TO BUY OR SELL.
Low Inventory + Low Interest rates = Sellers Market.
The table below shows the current status of the Miami Springs/VG real estate market as of Sunday, January 5, 2020. All closed sales are within the 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: firstname.lastname@example.org
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