Quick chat with our club’s Past-President and owner of Interbusiness Enterprises Joe Stephen…and no, the matching shirts was not planned :). Annually, our club hosts a golf tournament and its proceeds are used to provide scholarships to deserving students. The tournament is supported by cash donations from major sponsors, tee sponsors, etc.
Real Estate Blog
Topics of interest to help homeowners when thinking about selling their home.
Prices Favor Sellers Despite Slight Inventory Increase
So how’s the market?
Well…it’s still a healthy seller’s market, but you are starting to see a very-very slow influx on properties. And I’ve noticed this as am helping several clients find their dream homes. Never the less (for home sellers under $2MM), if your house is priced right, it will sell in under 3 to 4 months. Property owners above $2MM, there is no reason why your home should not sell in less than 6 to 8 months.
Where is the opportunity for sellers?
If you are thinking of selling, now is the time considering you only have one to two months to find a buyer and get your home under contract. Once we get into late November and December, sales volume go down.
However, November and December are a double edge sword in terms of sales due to the fact that inventory significantly dwindles (less inventory = less competition). This means that buyers have much less housing to choose from. So from this angle, this benefits sellers.
Where is the opportunity for buyers?
Considering we are in a seller’s market, it’s a bit of an uphill. But here is the edge. Financing regulation continues to tighten up. In other words, the process to close a deal is not getting harder if you are getting a loan, but it will take a bit longer. So choosing the right lender that is able to close a transaction sooner than later gives you great advantage. So when shopping for a lender…among other questions, ask: how quickly can you close?
We Can’t Go Wrong On Father’s Day!
The one day out of the year us men (dads) can’t go wrong is around the corner. So go ahead. Have a beer and leave it on the sofa. Or take those shoes off and drop them in the center of the bedroom. You know what? Forget that honey-do-this list. It’s our do everything wrong, and it’ll be alright type of weekend.
Dads. Have a ball. Have a blast. Happy Father’s Day!
Pinecrest Rotary Golf Tournament Proud Sponsor
Rotary Golf Classic 2015 was held at the Biltmore Hotel during the month of February. Proceeds raised benefit Miami resident high school students transitioning into college. This event is hosted annually and attracts about 200 golf players that get to enjoy breakfast, an 18 hole game, and an auction-luncheon. More details can be found at rotarypinecrest.org.
Mario Avalos 