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Last month we saw a couple of very positive things happen in the Village of Palmetto Bay real estate market. With the lowest number of homes for sale in over a year, that would have already been a great time
SOLD BY SHERYL 9301 SW 82 Ave., West of Pinecrest 2006 architect’s rebuilt home sells for $1,100,000! Exceptional neighborhood with tremendous sales activity, has put this neighborhood in demand. Families looking for close-in proximity to a city center, rapid transit,
The 2012 National Association of Realtors Profile of Home Buyers and Sellers the 8 factors are as follows: neighborhood quality – 61% convenience to jobs – 43% overall affordability of homes – 39% convenience to family and friends -35% neighborhood
The BNI Charity Golf Tournament that took place in October was a HUGE success! A big thank you to all of our golfers, sponsors, volunteers, and all of those who donated, we could not have done this without you. All
Setting the Right Price – Scientifically Proven to Sell Your HomeBy John Voket
I am always looking for the best advice for folks who are trying to sell their homes, and to get an honest deal. This brought me to some research published by Ken H. Johnson, Ph.D. of Florida International University. Dr. Johnson is editor of the Journal of Housing Research and guest blogger at Keeping Current Matters (kcmblog.com).
Dr. Johnson recently wrote about the important research of professor John R. Knight, who studied the impact of changing a property’s listing price to produce a sale. Knight also examined the types of property that are most likely to experience a price change.
Findings from Knight’s research indicate that on average, properties undergoing listing price changes take longer to sell, and suffer a price discount greater than similar properties. Furthermore, bigger price changes are found to experience even longer marketing times and greater price discounts.
Finally, as for which properties are most likely to experience a price change, Knight finds that the greater the initial markup, the higher the likelihood that any given property will experience a listing price change.
With that in mind, Dr. Johnson says sellers—as well as brokers/agents—should be aware of
EWM Miami-Dade Mailer Winter 2012