We buy houses in Miami Florida. We are your local Miami FL home buyers, and we offer cash for houses in Miami FL. The success of selling your Miami house depends on the market. In this article, you’ll read about how to take advantage of a seller’s market in Miami FL when you’re selling your home.
Miami’s residential real estate market has cooled off significantly over the last year. But it’s not crashing and that’s a sign of stability, according to a quarterly report from brokerage Douglas Elliman and New York-based Miller Samuel Real Estate Appraisers & Consultants.
“This market has never had stability,” said Jay Parker, Florida CEO of Douglas Elliman, of the region’s perennial boom-and-bust cycles. “We have gone through tremendous growth over the last few years. It’s just natural that it will start to calm at that point. … But it’s not leading to an implosion. It’s leading to a market that is more sustainable.”
Median sales prices rose to $280,000 in Miami (up 7.7 percent annually) and to $435,000 in Miami Beach (up 2.4 percent).
The real estate market in Miami FL is still very much in the sellers’ favor but things have definitely cooled down a bit. Still, there are few things you should know when selling in one of the hottest markets in the country.
In a buyer’s market, there are many sellers and not many buyers. In a seller’s market, it’s the opposite – many buyers and not as many sellers. If you’re a seller in a seller’s market, you have the advantage already of having a scarce commodity that buyers want. This usually means selling for a much higher price, we’ll address this in a moment.
The bottom line is that in a seller’s market you usually have the advantage, you can control more of the negotiations and come out ahead in a really big way.
Want to sell your home for top dollar? Here’s how to take advantage of a seller’s market in Miami FL…
Advantage #1 You Can Ask A Higher Price For Your Miami House
Following the simple rule of supply and demand, you can ask a higher price (and often get it) because buyers don’t have as many choices available to them. So the first way to take advantage of the seller’s market is to simply ask for more money.
Advantage #2 Ask For Or Remove Conditions When Selling The FL Property
Price is just one component of selling a house in Miami. Another component is the conditions that are also placed on the sale – including an inspection, a site survey, repairs, or appliances that will remain in place. But these are what the buyer might ask for. As a seller, you can ask for certain conditions, too. For example, why not ask to just leave the house in as-is condition for the buyer to clean up?
When you only have one offer, you sometimes feel forced to take it. But when you’re presented with multiple offers from multiple buyers, you can get picky, and you can also negotiate from a position of strength. Generate multiple offers by getting a lot of interest and only accepting offers at a certain time. Then go through each offer at your leisure to determine which one is right for you.
Sell My House in Miami FL
A seller’s market has a lot of advantages when you are selling a home. If you’re selling your house in Miami FL during a seller’s market, use these tips to take advantage of the situation.
One last tip! Make sure you pay attention to the local Miami real estate market so you know what’s going on. Recently the volume of existing-home sales really took a plunge in Miami. Three main factors are at work here and are contributing to a bit of a slowing down Miami’s real estate market: Not enough affordable housing for locals. A lack of foreclosure inventory available for investors to snap up. And a major drop-off in the number of foreign buyers, who’ve been burned by the strong dollar. A great place to stay educated and up to date on Miami FL real estate is through the Miami Herald Real Estate News Section.
Florida Cash Home Buyers buys houses in both Seller and Buyer Markets. We’d love to give you a fair all-cash offer to buy your Miami FL house today. If you think you need to sell your house in Florida fast, then you may need us. We are homebuyers in Miami FL, and we can help you have a stress-free sale by buying your house directly from you.