Miami Sellers are Getting the Listing Price for Their Homes

by Isaac Benmergui, Esq on February 20, 2013

Red$graph_cropMiami’s recovering real estate market just keeps generating good news for sellers. Finally after months of steady growth, the majority of sellers are getting the listing price for their homes, if not more.

Homes are selling faster than ever due to a low inventory of available homes and ZipRealty, an online brokerage and housing-data firm, reports that “the gap between the listing price and closing price of an average home in the United States continues to narrow, with a growing number of sellers able to achieve more than 98 percent of their home’s listing price.”

Read also: Seller Financing May Help Sell Your Home

Homeowners who have been waiting out the market until prices rise enough to make a comfortable profit, may want to start readying their home to list it soon.

The national numbers are up as well. Across the nation in December, the average home sold for 98.3 percent of the asking price. The time a home spent on the market also dropped from 57 days in 2011 to 44 in 2012, according to ZipRealty.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs, including buy/sell agreement and representation at closing; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

Previous post:

Next post: