 Preconstruction purchases are less common now than what they were at the height of Florida real estate boom, between 2001 and 2005. The high inventory of available properties has slowed new construction to a near stop. Many projects have been cancelled or put on hold. Projects completed since mid-2006 have experienced a high percentage of buyers’ default. A large amount of condos placed on the market by their buyers after closing, as well as the units still unsold in the hands of the developers, are driving prices down. Resale units are often found on the MLS, competing with developers’ units. The market has completely changed and is definitely the domain of buyers to find incredible opportunities. What can I do for you in these circumstances? More than ever, my knowledge of market, buildings, neighborhoods; state of sales in different developments, are essential for a buyer to find great opportunities. There is definitely room for negotiation and you need to have me on your side when trying to find the best deal in a Miami Beach condo, a North Bay Village condo, a Brickell Condo, a Hollywood Beach Condo, an Aventura Condo, a Hallandale Condo, or a Sunny Isles Condo. My knowledge of the South Florida Condo market will definitely be a great factor to your advantage. |
