Homeowners Are Rethinking Staying Put
After a bout of hesitation at the start of the year, homeowners are cozying up to the prospect of selling. According to the latest National Association of REALTORS® quarterly report, 46 percent of homeowners are optimistic about selling, climbing from 37 percent in the first quarter of the year.
Why the change of heart? Appreciation is softening, and homeowners know it, explains Lawrence Yun, chief economist at NAR.
Home Staging in a Hurry
Selling your home these days takes more than just finding an agent and listing it. You’ve got to really sellit. That means impressing buyers the second they walk in the door.
One of the best ways to do this ? Home staging, where your home's decor undergoes a makeover in order to entice home buyers to swoon and make an offer. “The statistics don’t lie,” says Samantha Rose Frithof Warburg Realty in New York City. “A well-staged house will sell more quickly and draw a higher sales price.” :…READ MORE
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The Current Miami Springs Market
Inventory remained stable.
46 active listings this week, with 2 new ones.
3 closed sales this week.
18 active listings are priced over $500,000.
4 properties are listed over $1,000,000.
19 active listings have had a price reduction (3 this week). What does this mean? Usually, the property was overpriced from the beginning. Thesellers are recognizing the market is changing. Prices are not increasing as fast as the last several years. Sellers should not 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 6 listings under $400,000. Experts say a shift is on its 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 June 14, 2019, through June, 21, 2019 there were reported 2 new listings, 3 closed sales, 2 pending sales, 1 active with contract, 0 expired listings, 0 cancelled listings, 3 price reductions and 3 price increases. Interest rates remain very good. IT ACTUALLY 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, June 21, 2019. 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.
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