What is holding up Sellers From Entering the Market?

Real Estate Blog Article

Wednesday, March 27, 2013
Image 1 of 1 Click to Enlarge Image

We have consistently reported that both the national and local inventory is drastically reduced, yet sellers are reluctant to put their homes on the market.  One type of seller that is hesitant is a contingent buyer, or one who would sell their home if there were homes available to move into. This presents a veritable catch 22 as sellers are needed because the inventory is so tight, and there are buyers that consistently are on the market, especially in Miami Beach. There are so few homes available that once they hit the market, there are multiple offers, which often drive a bidding war, and result in a higher than list price sale.

While a contingent seller would likely worry that they literally would not find another place to move into, one would consider that the sale price of your home could afford renting for a time as opposed to buying right away. The rental market is tight as well, in Miami Beach, however, the advantages of selling at this time are second to none. Further, buying  preconstruction could not be more affordable, given a high cash deposit. There are over 100 new developments in the works in Miami and the beaches and if you considered selling your home and downsizing to a condominium, you could stand to make a substantial profit. For more information on what is available, contact us today.

Comments: 0
There are no comments for this post.
Post a comment below
LEAVE A COMMENT
 
Name
 
Email Address
 
URL
 
 
Comment
 
Captcha

Type the characters you see in the picture above.
 
 
< Back

Updated: Tuesday, September 26, 2017

Are You Prepared For Disaster?...
How prepared are you if natural disaster descends on your home“Natural d...

Serving Alcohol At A Open Hous...
Every now and again someone will come up with the idea that a good way to promote a listing ...

6 Surprising Benefits Of Buyin...
Seeing fewer for-sale signs now that summer is over“ That can be great news for buyers...

Copyright ©2017Realty Times®. All Rights Reserved

Housing Rebound: Factors to Consider
In Miami we have had an incredible year of growth with an ever shrinking supply of condos...

Hoteliers Buy Versace Mansion at Auction
Gindi Family and Nakash Family of New York were the winners of the auction for Casa Casuarina...

Stunning Estate for Sale on Allison Island
Allison Island is one of the man made islands comprising Miami Beach. One half of the island...

Avant Garde and Luxurious Penthouse on Fisher Island
Fisher Island is home to some of the highest net worth individuals in Miami. It is a private...

6000 Indian Creek, Condominium Spotlight
6000 Indian Creek is a Sieger Suarez project that was completed in 2007 and consists of...

$35 Million Buys you THIS on Star Island
$35 Million for a home on Star Island is par for the course in Miami Beach real estate....

Development Update
It is looking like a dusty winter season in Miami, with all the construction rapidly underway,...

North Bay Road Charm, 4330 North Bay Road
4330 North Bay Road is a stunning example of Mediterranean architecture in Miami Beach....

Best Home Improvements for Resale Value
It could not be a better time for a homeowner to list their home for sale in Miami. The...

Biscayne Gets a New Development
The Melo Group of developers acquired 601 NE 23rd St last year and have conceived of 23...

520 West Ave Residence 2301
520 West Avenue is home of the Bentley Bay. Bentley Bay is comprised of two modern towers...

Spice 2013, Guide 101
Miami Spice is a program whereby most of the restaurants in the city encourage people to...

Hollywood has a New Hotel
Margaritaville Hollywood is coming to Hollywood Beach and is likely to completely alter...

Sustainable Waterfront Home on Normandy Isle, 1.85 Million
Rarely on the market do we find completely sustainable, off the grid, homes in Miami Beach....

Housing Inventory on the Rise at the Close of Summer
The Wallstreet Journal released numbers via Realtor.com regarding the inventory of available...

Warm Spanish Style Home Listed on the Sunset Islands
1844 W. 23rd Street is listed on the Miami Beach luxury real estate marketplace for $11...

Former Gansevoort Getting Complete Eco-Renovation
Last year the Perry Hotel, formerly the Gansevoort, was purchased for $230 million. The...

Affordable Luxury Waterfront on Hibiscus Island
A home that is considered affordable in Miami terms for waterfront is generally between...

Bart Reines New Masterpiece Released on the Market
Bart Reines is one of the worlds most impressive modern architects living, and he has just...

New Listing on La Gorce Island
98 La Gorce Court has just been listed for sale. This over 7800 square foot home with 8...