Home Buying in Miami Beach>Question Details

ISI, Home Owner in Miami Beach, FL

My family have an appartment in tower 41 miami beach , who can tell me if it's good time to sale or if it's better to rent

Asked by ISI, Miami Beach, FL Wed Nov 21, 2012

Help the community by answering this question:


If you can wait more time it would be the best as prices are increasing, but if you really need to sell, just do it.


Jose Guzman
3 votes Thank Flag Link Mon Nov 26, 2012
I forgot to mention that as of this writng, there are zero two bedrooms for sale right now. This is a HUGE advantage to getting top dollar.
0 votes Thank Flag Link Mon Dec 3, 2012
It is hard to ascertain the future of real estate. Prices have increased because of low inventory and high demand. I think prices will continue to increase until we saw a spike of inventory. Also, banks have a lot of shadow inventory and nobody knows when they will release them. or if they will be released en masse or incrementally. The fiscal cliff is dominating the news right now. In an month we will know what will happen with congress regarding this issue;. Should the economy fall into a rescession due to this fiscal cliff issue, nobody knows what affect this will have on the real estate market.
If you want to play it safe, then this is a good time to sell the property and not have to worry about these questionable factors. On the other hand, you can roll the dice and hold on or rent the unit, hoping the current trend will continue.
Give me a call and lets discuss which strategy is appropriate to your personal situation.
Paul Heller
Prudential Florida Realty
19056 N.E. 29th Avenue
Aventura, FL 33180
954-559-6411 cell
305-749-1583 work
305-932-6355 fax

If you are looking to buy or sell property, go to my website at http://www.SoFlaBeachHomes.com
0 votes Thank Flag Link Mon Dec 3, 2012
I live in the area and can help you in the immediate future. We live in tower 41 as well
Please call or email
0 votes Thank Flag Link Mon Nov 26, 2012
I would wait a little longer and rent it instead, the market is going up and next year you could sell it for more.

Let me know if you need help with the rental of your property.


One United Properties, LLC, Licensee of Engel & Voelkers Florida Residential, LLC
1221 Brickell Ave., Suite 1500
Miami, FL 33131, USA
Tel: +1-305-443-2424
Fax: +1-305-443-2226
Cell: +1-305-206-8867
http://www.engelvoelkers.com/miami< href="http://www.engelvoelkers.com/miami>" target="_blank" rel="nofollow">http://www.engelvoelkers.com/miami>
http://www.engelvoelkersmiami.com< href="http://www.engelvoelkersmiami.com/>" target="_blank" rel="nofollow">http://www.engelvoelkersmiami.com/>
Mailto: sophie.bamps@evusa.com mailto:sophie.bamps@evusa.com>
0 votes Thank Flag Link Sun Nov 25, 2012
It is an excellent time to either rent or sell. The inventory on the beach is very low, and the rents have steadly increased by as much as $2 per square foot in some areas of Miami. Visit our site to see our seller program. Best of Luck.
0 votes Thank Flag Link Wed Nov 21, 2012
The time has never been better. You have an opportunity to get a great price for your apt. Inventory is at an time low... Call me if you would like to go through more in depth market research and comparable sales.
0 votes Thank Flag Link Wed Nov 21, 2012
The market has swung around significantly during the previous 12-18 months. From a strong buyers market with inventory levels of up to 2 years we are now in a sellers market with just 3 to 4 months worth of inventory in many cases in Miami Beach.

There are currently 6 units listed within your building at Tower 41 from $220K for unit 802 to $675K for units 1508/09 (a combined unit). 5 units have sold in the previous 6 months from $135K for unit 705 which was a short sale to $370K for unit 722.

Now is a good time to sell. As long as your property is priced in line with the market, it will move. We are just about in season and buyers are hungry to purchase here. However you know how your finances are and what is best for you. The rental market is also strong and has consistently increased so again, pricing fairly you should not have any problems renting your unit and again now is a good time to list - during the high season.

If you would like a complimentary valuation of your particular property or to meet to discuss a marketing plan to gain optimum exposure in either renting or selling, give me a call:
Kelly Charles 786 469 9594
ONE Sotheby's International Realty

Good luck and Happy Thanksgiving!
0 votes Thank Flag Link Wed Nov 21, 2012
It is definitely a good time to sell. Tower 41 is always in demand and as you are well aware of the amenities and the location that the building make it a tremendous value to people living there. There are currently 6 apartments listed for sale, the average asking price is $432,600.00. There are 3 apartments pending sale and 8 apartments have been sold year to date. This time of year is especially, a good time to sell since the snow birds and tourists will be in town looking for property.
Please feel free to contact me to discuss your options.
Matthew Krinzman
Evolution Residential
0 votes Thank Flag Link Wed Nov 21, 2012
Hello it is a great time for both,

The market is hot right now and the inventoy is low, and now this is a sellers market. On the rental side you have seasonal vacationers who are here and are coming in from all over the world. If you have any other questions please feel free to reach out, look forward to hearing from you.

Thank you,
Tamika Moses
Keller Williams Realty Partners SW
0 votes Thank Flag Link Wed Nov 21, 2012
thanks , do you think if I wait 1-3 years prices will go up ?
Flag Wed Nov 21, 2012
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