Can You Time the Miami Real Estate Market?

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Can You Time the Miami Real Estate Market? Buyers and sellers will often drive themselves crazy, contemplating the best time to buy or sell while trying to time the market. Everyone prefers to buy low while selling high during each market cycle (see Summer vs. Winter). However, even the most skilled real estate investors will tell you there are certain factors to consider but do find it rare to hit the bullseye of peaks and valleys.

So how does one time the market to buy low or sell high?

Miami Real Estate Market – Inventory Absorption

Miami Real Estate Market; Buying a Home or Condo

  1. Is it a buyer’s or seller’s market? Simply do the opposite of the majority.
  2. How many months of inventory? Look at the absorption rates.
  3. Study SP$/PSF values & general trends.
  4. Look at the average sale price to list price ratios (SP/LP%, aka buyer discounts) and push that figure to a % you’re comfortable with.
  5. Upon being educated & unemotional, be bold in making several offers, stay optimistic and wait patiently – many sellers are given a few days at best to answer an offer. Still, they may need a few weeks to make it work.
  6. Look at the horizon of what’s to come in South Florida, think long-term, buy right and hold – the population influx is rising along with beautiful new residential towers; after all, it’s ‘The Magic City.’

Selling a Home or Condo in Miami-Dade County.

  1. Is it a buyer’s or seller’s market? Simply do the opposite of the majority.
  2. Hire an area expert with the market knowledge and experiences far outweigh the tax-deductible expense. Not only do you get what you pay for, but the experience utilized during a property sale carries tremendous weight in elevating your net proceeds at closing.
  3. Price your property correctly so that you are ‘IN’ the market and not ‘ON’ the market – with effective marketing in place, leave it active, making pricing adjustments with your representative during any noted market shift and/or from lack of activity and offers.
  4. Have proper marketing in place, and while I digress in discussing photography, we are way past the use of a cell phone or virtual tour to showcase your property; preview my marketing services & affiliate channels here.

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You have ONE life to live. You should expect the most from it. As you create your life’s legacy—through friendships, family, and professional accomplishments—you need partners on the journey who take the time to know and understand you and your goals. Professionals who seek to find the perfect place where your dreams can live and take shape in everything that surrounds you inspire you and reflect your values. At ONE Sotheby’s International Realty, that is what inspires our mission: to give extraordinary lives a home to thrive.

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I’m connected with the world’s best luxury real estate brand and a vast global network of friends & colleagues who offer a bespoke experience wherever you are. Locally, I offer the best in real estate knowledge and client services as a master broker-associate with the leading firm, ONE Sotheby’s International Realty. Why Sotheby’s? Because of the brand heritage, prestige, propensity for perfection, and, quite simply, the immense global reach in curating luxury goods and real estate. Since 2002, I’ve been successful in the South Florida residential market with knowledge, experience, and white-glove service that consistently exceeds expectations.

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Let’s talk  #888.38.DREAM or contact me for a curated property list of new residential opportunities matching your wants & needs here in South Florida.

The Miami Beach Real Estate Blog is an excellent resource for Southeast Florida residential real estate data, trends, and property information. South Florida’s population influx is essential in assisting our growth and resilience. Check back often to uncover more about South Florida real estate opportunities and trends.

Amazon Alexa Skill Flash Briefing

An ALEXA Flash Briefing is now on Miami’s Residential Real Estate – if you’d like to hear new reports from the comforts of your home and have Amazon Alexa, simply enable it and I’ll deliver the relevant news & statistics weekly simply by asking for the latest news or flash briefing!

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