Post-sale occupancy increases in South Florida as sellers regain upper hand

TRD MIAMI /
Apr.April 30, 2012 02:15 PM

One indication that home sellers are regianing the upper hand in some of South Florida’s housing markets comes from the proliferation of deals with a clause allowing the seller to stay in the home after the transaction has closed. According to the Sun Sentinel, those types of deals are increasing throughout South Florida and now comprise up to 20 percent of all sales.

“It’s still a buyer’s market,” said Michael Citron, a real estate agent in northwest Broward County. “But in desirable neighborhoods with not a lot of inventory, buyers are fighting to get the houses.”

Those neighborhoods include Parkland, Weston, Boca Raton, Wellington and Palm Beach Gardens, where some of the best-kept homes and well-regarded schools are located, the Sun Sentinel said. Despite many attorney’s advice against it, buyers are increasingly agreeing to rent out the homes for short periods — often to accommodate parents’ concerns over their children’s schools — in order to ensure they land the home. [Sun Sentinel]

 
 

Related Articles

arrow_forward_ios
Patti and Allan Herbert with 4845 Southwest 78th Street (Credit: University of Miami and Redfin)

After selling their Richmond Hotel in Miami Beach, this couple bought a new house

After selling their Richmond Hotel in Miami Beach, this couple bought a new house
Zillow CEO Rich Barton (Credit: iStock)

Zillow Offers launches in South Florida

Zillow Offers launches in South Florida
(Credit: iStock)

Rough quarter: Resi sales fall in Broward, increase slightly in Miami-Dade

Rough quarter: Resi sales fall in Broward, increase slightly in Miami-Dade
Miami skyline (Credit: iStock)

Bringing some sunshine to South Florida’s opaque resi report outlook

Bringing some sunshine to South Florida’s opaque resi report outlook
June residential sales plummet (Credit: iStock)

Resi sales plummet across South Florida’s three counties in June

Resi sales plummet across South Florida’s three counties in June
South Florida skyline (Credit: iStock)

South Florida resi markets reported choppy sales in Q2: Elliman

South Florida resi markets reported choppy sales in Q2: Elliman
The Miami skyline (Credit: iStock)

South Florida home sales rise in May as price growth slows

South Florida home sales rise in May as price growth slows
Coco Amar

May home sales rise almost 10% in Naples amid eastward market shift

May home sales rise almost 10% in Naples amid eastward market shift
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...