Thanks for taking the time to read my cash flow properties blog every week. Cash Flow Properties helps investors understand the market in South Florida especially the investment side of it. Buying fixing and selling and renting is the core of the company. Today Im talking about when you make the most money in with your home.
Miami homeowners are making more money when they sell their city condominiums and single-family homes, according to a new report.
That’s definitely good news. And it should encourage South Florida homeowners who are debating whether it’s time to sell their city residences that now is a great time to list their properties.
The average profit that sellers made on Miami condos and single-family homes stood at $16,500 in the second quarter of this year. That is up 23 percent from the first quarter of this year, when Miami sellers earned an average profit of $12,619.
The number is especially impressive when you look at what happened back in the second quarter of 2017. Miami-area home sellers actually lost money when they sold. They averaged a loss of $12,350 when selling back then.
What’s changed? There are plenty of factors that account for the rising profits. The most important is that demand for housing in Miami and Broward has definitely picked up. And there aren’t nearly enough condos and single-family homes for sale to meet this demand in the most popular of Miami neighborhoods.
The best way to increase the odds that you’ll make a healthy profit when selling your Miami home is to work with a realtor who knows your neighborhood. This professional can help you set the right asking price for your condo or single-family home and can help market it to the deepest pool of potential buyers.
And when your home does receive offers? We can help you lead the negotiation process to make sure that you get the best possible price for your home.
If you are interested in learning how to invest in properties to fix and sell (fix and flip) or fix and rent, please contact me at 954-274-8511 or visit my website www.CashFlowFL.com our our new Cash Flow Properties Academy www.CashFlowPA.com.