June 06, 2011 11:23AM
Even those overbidding for South Florida condos are losing out to other buyers. Some realtors even say they are seeing upsurges in prices in South Florida. “What I’m seeing on the streets is, prices are going up,” said Melanie Hyer of Keller Williams Realty. “It’s still a buyer’s market, but the market is stabilizing.” In nine separate neighborhoods, buyers are paying more than the asking price, including in Miami-Dade County and Broward. The cities include Homestead, Medley and Miami Gardens in Miami-Dade, along with Coconut Creek in Broward. See more in the video above. [NBC Miami] Tags: keller williams Related posts South Florida home sales rise, prices fall Lower prices not yet bargains Miami Beach luxury market going strong Residential market: Condo buyers set pace
Even those overbidding for South Florida condos are losing out to other buyers. Some realtors even say they are seeing upsurges in prices in South Florida. “What I’m seeing on the streets is, prices are going up,” said Melanie Hyer of Keller Williams Realty. “It’s still a buyer’s market, but the market is stabilizing.” In nine separate neighborhoods, buyers are paying more than the asking price, including in Miami-Dade County and Broward. The cities include Homestead, Medley and Miami Gardens in Miami-Dade, along with Coconut Creek in Broward. See more in the video above. [NBC Miami]
June 08, 2011 at 2:51 pm, Anonymous said:
As an REO listing agent, I can tell you that most REO asset companies restrict the agent, company employees or family from purchasing any of the properties they market. The properties are selling quickly because they are priced right, not because the bank is arranging the sell to friends and family. There will be many more foreclosures seen soon and it will continue to be so for the next couple of years. In many of these cases, the sub-prime lending was to blame and individuals purchasing way beyond their means.
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June 06, 2011 at 5:38 pm, Anonymous said:
Pricing is going up because listing foreclosure agents are pricing them low to get them bid up hoping that the fenzy will produce the best price for the bank. Legit stategy but it does through he stats off
June 06, 2011 at 6:05 pm, Anonymous said:
I am a Realtor and agree 100% with comment #1. This article is not looking at the whole picture. .
Anonymous….you are 1000% correct….. its all smoke and mirrors
June 06, 2011 at 6:12 pm, Anonymous said:
the reo – listing agent does not make the prices the banks sends their appraiser out and they determine the asking price. The frenzy is created when there is a strong demand for a particular area or subdivision as there is limited inventory of financing approvable properties on the market. Investors have outnumbered regular buyers 3 to 1. and whose offer do you think the bank is accepting at lower price . ???
June 06, 2011 at 7:04 pm, Anonymous said:
I am also a Realtor who has lost many offers that have been over the asking price, but cash investors have won. It makes it extremely difficult for first time homebuyers who many times are buying as pre-approved FHA buyers. It’s very frustrating to the buyer, and the selling broker.
June 11, 2011 at 10:11 am, Anonymous said:
http://www.foreclosure-homes.com
June 06, 2011 at 7:09 pm, Anonymous said:
Do not forget the brokers are adding in closing costs to the sale price bringing the price above what it is selling for than not putting it in MLS as a sales concession.
June 11, 2011 at 10:35 am, Anonymous said:
Fannie Mae has a new rule in place for foreclosures and many other banks are following suit. First 15 days no investors you can see how many days are left on homepath.com by then many of these properties are sold to end users.
June 06, 2011 at 8:20 pm, Anonymous said:
Let’s face it, REO and foreclosure are manage by the Reo mafia, a regular realtor with a cash buyer can’t sell any of those properties, because most all the realtor’s complaint is that those reo realtors don’t return calls or answer the phone, something shady is behind this!
June 06, 2011 at 9:54 pm, Anonymous said:
Welcome to the land of fraud, and the greed goes on………………..
June 06, 2011 at 10:16 pm, Trish Caballero said:
let’s see over the next few months as we get into the South Florida hurricane season and also the continued march of Option Arm and Alt-A loans into foreclosure how prices and sales will be. We all need to be staying on top of trends and data religiously to help sellers and buyers navigate the market…….
June 07, 2011 at 6:58 am, Smith, Winston 6079 said:
You can’t polish a turd, and they are trying with this article.
Face it, this market is going no where but down. The REO realtors sell to their friends, people are losing their homes left and right and it will continue for 7 more years. I’m beginning to see cases where the home was bought in 07, foreclosed, rebought in 09, and now they are losing home or just walking away as the market is getting worse. It makes no sense for anyone to buy a home currently. They should rent.
Things are going to get much worse, mark my words
June 07, 2011 at 7:06 am, Anonymous said:
The banks are continuing their corruption by listing the REOs with their attorneys’ Realtor friends who are then selling the REOs to their friends and family. Arms length my foot! This kind of corruption has not been seen in Real Estate in a long time and banks, their attorneys and their “suddenly licensed and working” Realtors are profiting from this convoluted system.
June 07, 2011 at 8:57 am, Randell Simpson said:
As a Realtor in the current market, I have sold many REO’s and Short Sales. It is true that the Banking Cartel makes it difficult on legit buyers. In fact, if more end users were allowed by the Cartel to win out on the “bidding” process, prices would indeed be more stable and go up. Many of the sales are to cash buyers, who actually offer less than end users. The Banking Cartel is hurting the market and effectively hurting the values of their own investments.
June 07, 2011 at 2:48 pm, Anonymous said:
This is ridiculous. The REO agents are busy because there is demand. They are not selling to friends and family. As soon as a property is listed they are flooded with calls. Whats wrong with that. The market is moving things are selling and prices are stabilizing.
Yes we will see more foreclosure because the banks realized trickling them onto the market causes less inventory and more demand for the foreclosures on the market. The banks are selling properties off the market direclty to customers, friends, etc..
At least the market is moving and we are unloading the foreclosures.
The rental market is extremly hot. Things are renting very fast.
This is all good for our market!
You must be logged in to post a comment.
June 08, 2011 at 2:51 pm, Anonymous said:
As an REO listing agent, I can tell you that most REO asset companies restrict the agent, company employees or family from purchasing any of the properties they market. The properties are selling quickly because they are priced right, not because the bank is arranging the sell to friends and family. There will be many more foreclosures seen soon and it will continue to be so for the next couple of years. In many of these cases, the sub-prime lending was to blame and individuals purchasing way beyond their means.
June 06, 2011 at 5:38 pm, Anonymous said:
Pricing is going up because listing foreclosure agents are pricing them low to get them bid up hoping that the fenzy will produce the best price for the bank. Legit stategy but it does through he stats off
June 06, 2011 at 6:05 pm, Anonymous said:
I am a Realtor and agree 100% with comment #1. This article is not looking at the whole picture. .
June 06, 2011 at 6:05 pm, Anonymous said:
Anonymous….you are 1000% correct….. its all smoke and mirrors
June 06, 2011 at 6:12 pm, Anonymous said:
the reo – listing agent does not make the prices the banks sends their appraiser out and they determine the asking price. The frenzy is created when there is a strong demand for a particular area or subdivision as there is limited inventory of financing approvable properties on the market. Investors have outnumbered regular buyers 3 to 1. and whose offer do you think the bank is accepting at lower price . ???
June 06, 2011 at 7:04 pm, Anonymous said:
I am also a Realtor who has lost many offers that have been over the asking price, but cash investors have won. It makes it extremely difficult for first time homebuyers who many times are buying as pre-approved FHA buyers. It’s very frustrating to the buyer, and the selling broker.
June 11, 2011 at 10:11 am, Anonymous said:
http://www.foreclosure-homes.com
June 06, 2011 at 7:09 pm, Anonymous said:
Do not forget the brokers are adding in closing costs to the sale price bringing the price above what it is selling for than not putting it in MLS as a sales concession.
June 11, 2011 at 10:35 am, Anonymous said:
Fannie Mae has a new rule in place for foreclosures and many other banks are following suit. First 15 days no investors you can see how many days are left on homepath.com by then many of these properties are sold to end users.
June 06, 2011 at 8:20 pm, Anonymous said:
Let’s face it, REO and foreclosure are manage by the Reo mafia, a regular realtor with a cash buyer can’t sell any of those properties, because most all the realtor’s complaint is that those reo realtors don’t return calls or answer the phone, something shady is behind this!
June 06, 2011 at 9:54 pm, Anonymous said:
Welcome to the land of fraud, and the greed goes on………………..
June 06, 2011 at 10:16 pm, Trish Caballero said:
let’s see over the next few months as we get into the South Florida hurricane season and also the continued march of Option Arm and Alt-A loans into foreclosure how prices and sales will be. We all need to be staying on top of trends and data religiously to help sellers and buyers navigate the market…….
June 07, 2011 at 6:58 am, Smith, Winston 6079 said:
You can’t polish a turd, and they are trying with this article.
Face it, this market is going no where but down. The REO realtors sell to their friends, people are losing their homes left and right and it will continue for 7 more years. I’m beginning to see cases where the home was bought in 07, foreclosed, rebought in 09, and now they are losing home or just walking away as the market is getting worse. It makes no sense for anyone to buy a home currently. They should rent.
Things are going to get much worse, mark my words
June 07, 2011 at 7:06 am, Anonymous said:
The banks are continuing their corruption by listing the REOs with their attorneys’ Realtor friends who are then selling the REOs to their friends and family. Arms length my foot! This kind of corruption has not been seen in Real Estate in a long time and banks, their attorneys and their “suddenly licensed and working” Realtors are profiting from this convoluted system.
June 07, 2011 at 8:57 am, Randell Simpson said:
As a Realtor in the current market, I have sold many REO’s and Short Sales. It is true that the Banking Cartel makes it difficult on legit buyers. In fact, if more end users were allowed by the Cartel to win out on the “bidding” process, prices would indeed be more stable and go up. Many of the sales are to cash buyers, who actually offer less than end users. The Banking Cartel is hurting the market and effectively hurting the values of their own investments.
June 07, 2011 at 2:48 pm, Anonymous said:
This is ridiculous. The REO agents are busy because there is demand. They are not selling to friends and family. As soon as a property is listed they are flooded with calls. Whats wrong with that. The market is moving things are selling and prices are stabilizing.
Yes we will see more foreclosure because the banks realized trickling them onto the market causes less inventory and more demand for the foreclosures on the market. The banks are selling properties off the market direclty to customers, friends, etc..
At least the market is moving and we are unloading the foreclosures.
The rental market is extremly hot. Things are renting very fast.
This is all good for our market!