The Spring housing market is proving to be very active in South Florida. We, at the A-List, are especially seeing this increase in activity in the Coconut Grove, Coral Gables and Pinecrest areas. We have seen a lot of buyers out there and more offers coming in. The offers still seem to be low, but with a seller willing to work with the buyer, things are happening. It is most important to be priced fairly close to the true sales price. This may take Sellers some true soul searching to understand that if selling in this market, they are going to have to adjust their price downward. If they get realistic, they will happily see the results. That being said, if buying a larger house they will also enjoy the greater discount on that home. In Miami our rental market was up 60% last year. That is a great deal of buyers ready to transition into a purchase as their leases end. As the media begins to express that we are close to the bottom, buyers are getting anxious to jump back in.
In order to prepare your sellers for this Spring market, staging and fixing all those little flaws in a home is critical. Landscaping is always an important touch. This is the potential buyer’s first impression of a home and it is usually considered the best bang for your buck when doing touch ups to list a home. Warm, happy colors are inspiring in Spring and makes a home feel welcoming. If your home evokes a peaceful and inviting feeling Buyers will be drawn to it and will imagine themselves living there.
So take advantage of this positive swing we are seeing as we step into Spring!