The Top Reason to Sell Now if You Own a Home in Miami Shores
You might think that the winter season is not the best time to sell your home, it’s what we used to think with no doubt. However, these months can give you a really good opportunity to have your house sold.
1. Demand Is Strong
The latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!
2. There Is Less Competition Now
There are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.
There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market soon.
The choices buyers will increase soon. Don’t wait until all this other inventory of homes comes to market before you sell.
3. The Process Will Be Quicker
Fannie Mae announced that they anticipate an acceleration in home sales that will surpass 2007’s pace. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen. Selling now will make the process quicker & simpler.
4. There Will Never Be a Better Time to Move Up
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 5.2% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.
Buyers in the market during the winter months are truly motivated purchasers. They want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.
Now with all these on mind, let’s see why Miami Shores could attract potential buyers.
1. The average price per square feet is $300, $200 less than Coconut Grove and $300 less than Morningside
2. The average price for sale is $660,000, while in areas like Belle Meade or Sunset, the average is between $1,299,000 to $4,460,000.
3. Miami Shores residents can enjoy free access to the spectacular country club
4. Beautiful community with plain of trees, private police, water park and strategically located.
With all this benefits, any buyer will consider to live or invest in Miami Shores. This is the seller time.
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