February 17, 2013

Bidding Wars in Coconut Grove, Coral Gables and Pinecrest

Overbidding the Appraised Value The highest offers on a property, if contingent on an appraisal, are not necessarily the best.  We are seeing some overbidding on properties that allow the buyer to clinch the deal, only to manipulate the sale to a lower price with the appraisal. Sellers have options when receiving multiple offers. Countering with an […]
February 15, 2013

Sales Stalled in Snapper Creek Lakes

What is Going on in Snapper Creek Lakes? Sales have slumped in this Coral Gables enclave off Old Cultler Road.  There are currently 12 properties for sale listed between $1,999,000 and $10,850,000, but the last property to close was in September, 2012 and there are no pending sales.  These luxury properties with acreage, in a beautiful location, have had no buyers […]
December 28, 2012

Opportunity Knocks – Home Prices May Jump in 2013

Home Prices On The Rise For 2013 In Miami Home prices are expected to rise between 3.4 and 5 % in 2013. This is due, in part, to the net demand of homes in a market where the inventory of homes for sale remains low. Without the fear of further pricing declines, homeowners able to […]