Miami Real Property remains a promising solid business opportunity in the eyes of many investors which are paying cash today for their new real estate acquisitions.
As the market improves, more buyers are also coming up with cash. In Miami-Dade, 78 percent of condos and 50 percent of homes, sold in February, were for cash, Realtors’ figures show.
In fact, half of the dozen homes FM Realty Corp. sold recently in Cutler Bay were all cash sales, ranging from $350,000 to $420,000, said Fernando Martinez, president of the Miami Realtors Association and owner of FM Realty Corp., and Caribe Homes.
International as well as domestic buyers are buoying the market, as multi-million dollar homes continue to bolster sales.
In Miami Beach, Jill Eber, of the Jills at Coldwell Banker, said her February sales included a 7,940 square-foot Palm Island home on 100 feet of waterfront that sold for $10.625 million to a Brazilian buyer, as well as a Sunset Island No. 1 home that sold for $7.55 million.
“The market is continuing to go up, and we’re continuing to see interest from buyers from all over the world — Brazilians, Russians, Saudi Arabians, as well as from Americans,” Eber said. *Source: Miami Herald
No comments:
Post a Comment