Home Buying in Miramar>Question Details

Natacha Brea, Home Buyer in Pembroke Pines, FL

I have been looking for homes and this one looks nice but last week it was 9,000.00 lesser why the price hike?

Asked by Natacha Brea, Pembroke Pines, FL Thu Mar 28, 2013

This question was asked from this property: http://www.trulia.com/property/3100005849-7836-Granada-Blvd-…

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Susan J Penn, PA,SFR,CDPE’s answer
Housing went up in price. Real Estate is Supply and Demand. Economics 101! Limited supply and High Demand make prices higher! Hopefully you are looking at interest rates as well as prices.

Susan Penn, PA, SFR, CDPE http://about.me/HomesForSale_SusanJPennPA
EWM Realtors® | A HomeServices of America Company | An Affiliate of Berkshire Hathaway
2000 Main Street, Suite 103 | Weston, FL 33326 l http://www.susanpenn.com
T: 954.306.7337 | C: 954.557.5993 | F: 954.515.0200 | penn.s@ewm.com |
0 votes Thank Flag Link Wed Jun 19, 2013
Demand setup prices on this market, and this might be a consequence of price raising in this particular area, now if you saw this one a week ago, and you are checking it out again, why didn't you make a move and place an offer? now the seller is expecting $9,000 more on this property, call me if you want help.

My best regards to you
0 votes Thank Flag Link Fri Mar 29, 2013
Prices in all of Florida are going up steadily. For Central Florida the average 100K home has seen a price increase of about 10K every 6 months. Don't wait any longer to purchase.
0 votes Thank Flag Link Thu Mar 28, 2013
The price wen up in the beginning of February,( the market is tight not much available and the seller and the realtor for the seller thought they can get more). The price came down again in the beginning of March, still a little higher then originally and it is a pending sale as of now.
So this tells you, if you doing it alone, you are way behind.
Websites are mostly informational, you need to hire a professional if you serious about home buying. It is free for most cases to buyers, sellers pay the commission.
Contact me if you are serious and we can discuss the availability according to your budget and qualifications.
0 votes Thank Flag Link Thu Mar 28, 2013
Prices are not solely supply and demand. It is also over-inflated created values. Banks cannot and will not put every foreclosed property on market because there is not a strong demand for all the foreclosed (REO) properties. And banks themselves cannot sell those properties, since they are not approving loans. Thus, they create a limited supply but not an actual, normal market economics 101 supply & demand.
Additionally, representation by a professional is never free; otherwise, there would be no commission paid. Since seller pays the commission, seller is more reluctant to negotiate a lower price directly with buyer because of the no less than 6% fee. Thus, buyer pays a higher rice for the property. When seller's agent can receive the full 6% commission, agent is more amenable to sell property for a lower price. Say accept 95 thou instead of steadfastly demand 100 thou. That is 5 thou more expensive for you. Thence, you do pay for that representation.
Good luck,
Flag Mon Sep 23, 2013
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