Miami - Smart Sellers Sell While the Going is Hot!
by Sep Niakan | July 26, 2013
MIAMI IS SETTING RECORDS!
July has been a month of many records. We recorded the highest temperatures since 2011, the highest amount of rainfall ever recorded in July, a 7-year+ record high in sales volume and a 5-year+ record high in property prices! So if you want to be where the actions is, look no further than Miami.
I HATE TO REPEAT MYSELF, BUT . . .
We believe Miami has turned the corner from a wanna-be international city to the real thing. Arts, culture and entertainment are popping up all around us more than ever before. So if you are looking to buy or hold for the very long-run I believe you have a good future. BUT IF YOU HAVE BEEN THINKING OF SELLING, PLEASE READ ON:
As you have seen, there are lots of headlines of a hot market. We are officially – without a doubt – in a strong seller’s market. That means that the market is currently on your side as the homeowner.
Usually, though, headlines come after things happen already. My job is to try to notice small signs that I can use to allow my clients to take advantage of opportunities before the next big headlines come out.
Lately, I have noticed a few signs that point towards now being the right time to sell, before this sellers’ market ends:
Investors both big and small are slowing down, leaving more regular buyers on the market and changing the market dynamic. This means fewer buyers overall and less cash buyers available.
Interest rates have already risen considerably and loans are still not easy to get, which limits regular buyers’ ability to buy.
I see inventory slowly rising back up here in Miami, and that will eventually mean lots more sellers and way more competition for you. More competition usually leads to flat or lower prices.
So if you have been thinking about selling now is the right time. I don’t want you to miss a big opportunity to get the most money for yourself.
|Brickell CityCentre in Brickell||Glass in South Beach||Jade Signature in Sunny Isles Beach|
by Sep Niakan | February 26, 2017
The first days of Spring in Miami are arriving and so is a wave of exciting new events. Whether you’re enjoying the spring break (or trying to avoid those on one), here are some great events to look forward to in the month of March: Miami...
by Sep Niakan | February 22, 2017
A previous blog on how a petition to privatize an alley adjacent to Cité Condo sparked rumors of a new hotel coming to Edgewater did spark another thought process. It seems the latest trend for developments in Edgewater is to either be a...
by Sep Niakan | February 15, 2017
Miami has always been a melting pot of cultures. From the Bahamians that came to work at the Peacock Inn in the 1870s to influx of Cuban immigrants in the 1960s. Miami didn’t just welcome people with open arms, but also embraced their...
by Sep Niakan | February 14, 2017
Valentine’s is just around the corner, and while most people equate Valentine’s Day with romantic love, I prefer to celebrate love in a broader sense. To me, it’s more about celebrating bonds and relationships of all kinds,...