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5 pro tips to buy a Miami home during COVID

  • January 25, 2021
Ines Hegedus-Garcia
ines@miamism.com

Thank you Rene, journalist extraordinaire, for once again quoting me in one of your Miami Herald articles.

As you may know or may have heard, the single-family home in Miami is beyond HOT right now and you'll need a REALTOR on your side that knows how to navigate a multiple-offer scenario and even bidding wars.

In his article titled: Looking to buy a Miami-Dade home during COVID? Here are five pro tips for success, Rene not only tells us that the median sales price of single-family homes reached a record $450,000 as of November, but also points out that Miami came in at number 10 in Top 20 housing markets for 2021.

Here are the 5 pro-tips

1. Be a sexy buyer

one that turns the heads of sellers and brokers when they show up to look at a property.

2. Sign first, gawk later

Don’t sleep on it. If the house you are looking at fits your budget, put in an offer immediately. Many brokers report that homes in the $400,000 are snapped up the moment they are listed, sight unseen, by desperate buyers who have a budget ceiling.

Some homes are sparking bidding wars and selling for more than the asking price. Ines Hedegus-Garcia, director of strategy and innovation at Avanti Way Realty, said some buyers are even putting multiple bids on different properties in case their first choice falls through.

3. Consider the condo

Yes, most of us would love a nice backyard. But for first-time buyers in particular, the condo market remains a worthwhile alternative. The median sales price of condos in Miami-Dade in November climbed to $270,000, up a relatively sane 10% from the same month in 2019.

4. Keep tabs on that home you missed out on 

Simply because the sale may fall through and you could be a back-up.

5. Do your homework

it’s a good idea to figure out where you want to live before you start looking. Everyone has different needs.

 


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