Archive for the 'Selling Real Estate In Coral Gables' Category
Looking For A Realtor In Coral Gables?
December 2nd, 2010 Categories:Selling Real Estate In Coral Gables
Choosing a realtor to buy or sell real estate in Coral Gables can be a daunting task. Truth be told, you would be in good hands with any one of the top agents who work the Gables area. So if we all have great experience, great customer service, and know the market like the back of our hand how do you choose the ONE?
I have an easy answer for you. Choose the agent you are most comfortable and compatible with. I often tell people that they better like their agent because at times you will communicate with them more than you do your own spouse! I always require a sit down meeting with every buyer and seller prior to working with them in order for us to get acquainted. It is important that they feel at ease with me, after all I am assisting them in one of the most important decisions they will make.
If you are interested in buying or selling real estate and are looking for a realtor in Coral Gables, please don’t hesitate to contact me. I can be reached on my cell phone at 305.342.1623 or send me a message here, I would be happy to sit down and get acquainted!
After 50+ Showings 5830 Leonardo Street Sells! (Coral Gables, 33146)
November 9th, 2010 Categories:Selling Real Estate In Coral Gables
My listing located at 5830 Leonardo Street (Coral Gables 33146) closed today for a sale price of $640,000. This makes the second single family home sale this month in Coral Gables. We had more than 50 showings of the property during the two months that it was on the market. Once we made the price reduction of $30,000 to $695,000 we saw a dramatic increase in activity. The price change put the home just under the $700,000 mark which showed buyers that we were realistic with the true value of the home. In my opinion, both sides of the trasactions got a fair price for the home.
Details of the home:
- 2,703 Square Feet Of Living Space
- 3 Bedrooms, 3 Baths
- 2 Car Garage
- Pool
- 10,692 Sq. Ft. Lot
My team has the experience and knowledge to get your home sold. If you are interested in buying, selling, building or renting and are looking for a realtor in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
A Must Read For All Coral Gables Home Sellers….
October 7th, 2010 Categories:Selling Real Estate In Coral Gables
I read a great article on the KCM Blog this morning, below is a short recap. All sellers and potential sellers should take it to heart.
Dear Real Estate Gods…
“Grant me the serenity to accept the things I cannot change; courage to change the things I can; and wisdom to know the difference.”
1. Accept the things you cannot change
The two main reasons that the housing market has slowed is:
(1) the current unemployment situation
(2) what unemployment and a struggling economy has done to consumer confidence
As an individual homeowner there is no way for you to impact either of those two situations.
2. Have the courage to change the things I can
There are plenty of buyers in the market for a home they consider priced correctly. You have to decide what the correct price is for your home if you truly want to sell. If you want your house sold you must list it at a price a buyer will pay for it. Not a buyer from 2006 but today’s buyer who has plenty of homes from which to choose.
It will take courage to sit with a real estate professional and honestly decipher the true value of your home. If you want to sell, you must have that courage.
3. The wisdom to know the difference
We all realize that the economic situation will take some time to correct. If we want to wait for prices to return to 2006 levels, we will probably have to wait for 5-7 years.
Look at the reason you decided to sell in the first place and decide whether the extra money you would get from the sale is worth that wait. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
This is where your wisdom must kick in. You already know the answers to the questions we just asked. You have the power to take back control of the situation by pricing your home to guarantee it sells. The time has come for you and your family to move on and start living the life you desire. That is what is truly important.
(Thanks to the KCM Crew for a great post - How The Serenity Prayer Applies To Selling A Home).
If you are interested in buying, selling, building or renting in Coral Gables and are looking for a real estate agent who specializes in the area, please feel free to contact me at 305.342.1623 or send me a note here.
Haves and Wants In Coral Gables!
September 29th, 2010 Categories:Buying Real Estate In Coral Gables, Coral Gables Real Estate, Selling Real Estate In Coral Gables
There are certain segments of the Coral Gables real estate market that are low on inventory. I have several clients that have looked at everything on the market but cannot find the perfect home. So today’s post is an experiment. I thought that I would use my blog today as a posting board for the haves and the wants of Coral Gables real estate.
If you are interested in selling your home (your home cannot be currently listed for sale) send me your home’s details and specifications (along with the general location of your home). A “have” should look like this: I have a home in the north Gables, 3/2, 2,500 square feet on a 10,000 square foot lot with pool and 2 car garage and would be interested in selling.
If you are a buyer who has exhausted what is already on the market out there and are still looking for the right home send over your criteria. Your “want” should look like this: I am looking for a new construction home in the $1,000,000 to $2,000,000 range, central Gables, must have a 2 car garage.
Next week I will put up a post with everyone’s “haves” and “wants” in Coral Gables (any and all names and any personal information will NOT be included). Do not put information in the comment section below. Instead send the details to me here with the subject being “Have In Coral Gables” or “Want In Coral Gables”. I do not need your phone number just an email address so that I can contact you if there is match! This is sort of like online dating, only real estate style. I do love my job but I don’t work for free. If I were to find a match down the road I would require a standard listing agreement by the seller to be signed (buyers as always do not pay a commission).
So send me your “HAVES” and “WANTS” in Coral Gables and stay tuned next week!
Don’t Be Stuck On Your Price
September 20th, 2010 Categories:Selling Real Estate In Coral Gables
In an ever changing market it is essential to continuously re-evaluate the price of your home. I have a listing in Coral Gables that required a price reduction due to some recent closed sales that had brought its value down. Once we were listed at the new price the home had a 100% increase in the number of showings and an agent has told us that we should be getting a contract from her clients today.
If you wait until your listing agreement is up to adjust your price you are only hurting yourself. The average listing agreement is for 6 months and the market can change dramatically during that time. If your house has been on the market for several months and you have not re-evaluated the price it is time to do so.
If you are interested in buying, selling, building or renting in Coral Gables and are looking for a real estate agent who specializes in the area, please feel free to contact me at 305.342.1623 or send me a note here.
Coral Gables Real Estate Market Update
September 16th, 2010 Categories:Selling Real Estate In Coral Gables
The average selling price during the past 60 days in Coral Gables has been $1,076,000 (median $639,000) with an average selling price per square foot of $287 (median $264). The average days on the market for these homes was 150 days. More than 50% of them made price reductions before they sold. Below is a sample of these homes.
500 Arvida Parkway | Selling Price: $10,500,000 | Under Construction 17,000 square feet of living space on a 42,000 waterfront square foot lot | For more details, click here | Broker: Avatar
120 Sans Souci Drive | Selling Price: $1,100,000 | I wrote about this house when it first came on the market, it was a great home on a good street. | Short Sale with 4,178 square feet of living space on a 12,321 square foot lot. | Broker: EWM Realtors, Inc.
923 Escobar Avenue | Selling Price: $920,000 | 3 Bedrooms, 3 Baths | 2,676 square feet of living space on a 8,625 square foot lot | Broker: EWM Realtors, Inc.
I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting in Coral Gables and are looking for a real estate agent who specializes in the area, please feel free to contact me at 305.342.1623 or send me a note here.
The True Value Of Your Home Is NOT Determined By…
September 15th, 2010 Categories:Selling Real Estate In Coral Gables
- The amount of money that you ”need” to net.
- The amount of money that you put into the property.
- The amount of money that the appraisor told you its worth.
- The amount of money that the realtor told you its worth.
- The amount of money that your friend/neighbor/relative told you its worth.
We can all come up with a price range that your home “should” sell for taking into consideration the recent comparables, size, age, location and condition of the home. But the true value of your home lies in what someone will pay you for it.
Using Active Comparables To Price Your Home
March 29th, 2010 Categories:Selling Real Estate In Coral Gables
Everyone knows that Realtors use SOLD properties in calculating the value of a home, but many people don’t realize that it is also extremely important to look at ACTIVE comparables as well. By “active comparables” I mean homes of similar size and condition that are currently on the market for sale. This is an essential part of the pricing process because you must know what your competition is. Sold comparables may give you an accurate value of your home, but the home may never sell if there are 5 similar size/condition homes currently on the market that are priced below yours. In any market good or bad, you must always keep an eye on your comeptition.
If you looking for an experienced realtor who works in the Coral Gables area to help you in your home search, I would be happy to assist you. Please contact me at 305.342.1623 or send me a note here.
New Construction In Coral Gables Sells For $360.00/SF
March 10th, 2010 Categories:Selling Real Estate In Coral Gables
This new construction home (built in 2008) sold this week at a price of $1,330,000. Located near the University of Miami and The Biltmore, the home featured 6 bedrooms, 6 baths with 3,627 sq. ft. of living space on a 10,000 sq. ft. lot. $360/square foot is a relatively high price for new construction right now. Recent new construction homes in similar locations in the Gables have sold between $300 to $350 per square foot. The address is 440 Vilabella Avenue and the broker was Coldwell Banker.
If you are interested in buying or selling real estate in Coral Gables and are looking for an experienced Realtor, please contact me at 305.342.1623 or send me a note here. To receive a custom market snapshot of your current property just enter your home address here.
Average Asking Price vs. Average Selling Price In Coral Gables
March 8th, 2010 Categories:Selling Real Estate In Coral Gables
As you can see from the chart above (click to view larger) there is a large discrepancy between the price of homes for sale and the price of homes selling in Coral Gables. The average price of homes on the market right now is $2,345,000 and the average price of homes sold in the beginning of 2010 was $740,000. This shows that there is a large gap between what sellers are asking and buyers are willing to pay in Coral Gables. (Keep in mind that there are some exceptionally high priced waterfront homes that are pulling up the average list price.)
If you are interested in buying or selling real estate in Coral Gables and are looking for an experienced Realtor, please contact me at 305.342.1623 or send me a note here. To receive a custom market snapshot of your current property just enter your home address here.
