I just closed on an Ocean Drive condo listing within (a new record) 2 weeks from start to finish. The buyer got a great deal and the seller had over $100k in equity so everyone was thrilled. I was also intrigued with the speed of sale and decided to write a short post on what it takes and so today’s conversation is centered on selling fast in the current Miami Beach real estate market. Is this possible you ask? Of course it is and here’s how…
1. Position the Miami Beach Condo in the Right Price Range.
When buyer’s search they have a specific price range in mind. If your Miami Beach Condo is priced at $1.1M you may have more traffic in the $999K price point or instead of $325K price it under the $300K mark where your buyer’ online search criteria begins.
2. Have the Adequate Knowledge and Information Available.
Whether it be knowledge of the area, building or Miami Beach condo it is crucial to have the answers to buyer’s many questions. A lack of information is a waste of valuable time when selling fast.
3. Put out Great Information.
From videos to fliers and professional photography, a buyer looks at the many marketing methods to many times fall in love site unseen or prior to previewing your Miami Beach home or condo. With the surpluss of International and out of state buyer’s it is imperative to have the best in video and photography to paint the properties features and location lifestyle expected along the Miami Beaches.
4. Market to Your Neighbors
Neighbors many times have friends and family looking in the same area or buildings along Miami Beach. The method of letting these valuable resources know that you are now selling is extremely powerful for finding a fast buyer.
5. First Offers Sometime Rule.
Don’t believe that holding out for a better offer is the right choice. The first offer has enthusiasm, energy and ense of urgency that the second offer may not have related to acquiring your Miami Beach home or condo. They typically know what they want and have had their eyes on the location or Miami Beach building for some time. Your monthly holding costs associated for waiting out a higher or better offer may ot make financial sense as each month costs you thousands. Negotiate well but make the first deal work and move on to the next goal in mind. Watch below as Ian Watt relays this well…
When timing is important and you’re ready to sell your Miami Beach Condo or Home fast, call or write me to discuss marketing and interview. If you’d like to receive the latest local real estate news via blog postings & updates, you can easily be notified by RSS feed (see upper left column) or by email above every time a new posting occurs. Have a great week and call any time toll free 1.888.383.7326 or view new condos here.