Distressed Homes Sell at 26% Discount

From the top, here are the numbers! What is the overall percentage of homes closing per month in your neighborhood? If roughly 25% are distressed sales, and the average price is $174K, how does that affect the rest of us? To find out click on below link:   http://www.businessweek.com/news/2010-09-30/distressed-homes-sell-at-26-discount-in-u-s-as-supply-swells.html

Nearly 40% of home sale are Foreclosure

Everyday people ask me “are you selling houses?”   Absolutely we are selling , our challange is not selling but closing.  Approximately 40% of Dade County inventory is in the foreclosure process. In one of two sales, my office needs the approval of the bank in order to close, in the best of circumstances this is an [...]

Northeast Miami Real Estate Market Report

Interest rates are the lowest they have been in 30 years…think about that…  30 YEARS!! Market Inventory Tightening up in the first quarter of 2010′ there are a good deal of buyer prospects under $400K, and a fair share of prospects in the higher price range, although they are treading the market softly. Short sales [...]