Monday, August 30, 2010

WHAT'S THE PROFILE OF THE AFFLUENT BUYER?


ANSWER:
31% ARE CASH BUYERS
35% RETIRED MILLIONAIRES
36% MILLIONAIRE BUSINESS OWNERS
67% 35-55 YEARS OLD
88% MARRIED
MEAN AGE JUST UNDER 56
(MILLIONAIRES)
89% DESIRE 4-5 BEDROOMS
MOST IMPORTANT HOME FEATURE-A DESIGNER KITCHEN

Wednesday, August 25, 2010

SALES DOWN NATIONALLY 27 PERCENT LAST MONTH

Only the strong have survived the last five years in this business. Many Realtors are doubling up on jobs to make ends meet. When you interview a Realtor, make sure he or she is a full-time professional and not slinging hash on the side. You deserve more than a part-timer to manage the complex landscape of today's real estate transaction.

Wednesday, August 18, 2010

DON'T UNRAVEL YOUR BANK ACCOUNT ON NEEDLESS RENOVATIONS

Saw this on AOL this morning.....................
Not all renovations are smart ones. If you overspend on a kitchen or bath renovation, you're less likely to recoup that investment in the market. Keep in mind that the value of your home is tied directly to the property value of surrounding houses. Before splurging on a major remodeling project, find out the value of comparable homes in the neighborhood, as your price will vary relative to their worth. You don't want to be the best house on the block-your neighbors are pulling your value down. You'd actually prefer to be the worst house on the block, because then your neighbors are pulling your value up. So before investing in that new chandelier, find out how your house ranks among your neighbors. You might just be better off investing in a new paint job, fixing a sidewalk, or re-wiring your home.

Tuesday, August 17, 2010

IF YOU HAVE PETS, SEEK OUT PET FRIENDLY REALTORS


Sylvia and I have three dogs, a cat, turtle and fish. Our animals are at the center of our lives and we understand pet owners who are like us. If you plan to list your home, make sure your Realtor is pet-friendly. What could be worse than leaving your home in the hands of a realtor who is insensitive to the importance your animals have in your lives. There are so many horror stories out there about Realtors who have left doors open, to have dogs and cats escape, or have put animals in bedrooms during a showing and have forgotten to let them out. A current client of ours tells the story that while on a four day long weekend, their realtor had a showing at the house. The family's cat remained behind with plenty of water, food and a large liter box. The buyers were afraid of cats, so the realtor placed the cat in a bedroom, shut the door and went about her business. After the showing, the realtor entirely forgot about the animal. When the owners returned home, kitty was dehydrated having gone without water for a few days. It recovered, thank goodness. Additionally, the cat's liter box was in another room. Need I say more. A rule of thumb we have is, if our dogs don't like you, probably they have good reason. We really trust their instincts. How about having us in for a listing appointment and introducing us to your pets?

Thursday, August 12, 2010

CLICK ON ME TO GET THE BAD NEWS!


When you click above, you'll see the market trends for last month. The discouraging news is more homes are coming on the market than projected which means the supply side is still overtaking the demand side and the economics of home buying are evermore siding with the buyer. More homes are expected to enter the market as banks get their "shadow" foreclosures to market, while short sales continue to erode home values. To get your home sold now, you just have to price right "on the money".

Tuesday, August 10, 2010

MOST EXPENSIVE REAL ESTATE IN MIAMI

Snapped One of the Grove's information booths this morning and was surprised to see a real person inside. No one was present when the streets were filled on Saturday night. I've seen a person in there only three times since they were erected. Happy to see it, because at a cost of more than $65,000 each, the cost per square foot is about $3,250.00. I don't know of any other real estate here coming close to its cost per square foot. That means a modest 2,000 square foot home would be worth $6,500,000 if comped against our information booths.

Friday, August 6, 2010

CHERRY GROUP STILL ON TOP OF ALL OTHER REALTORS IN COCONUT GROVE AND ITS ZIP CODE

The Cherry Group at Coldwell Banker are still the #1 Realtors in Coconut Grove and throughout its Zip Code 33133 for 12 months running, for homes priced between $1 million and $4,999,000 dollars reported Trendgraphix, an independent research company using Multiple Listing Service data. "For almost 20 years, our commitment to service and excellence hasn't wavered", Sylvia Cherry said. " Gary and I go to work each day with the excitement of rookies, tempered with the experience and knowledge that come with being veterans. "Above all", she said, "Appreciation and our heartfelt thanks go out to our valued and devoted clients over the years". About 90 percent of the Cherry Group's business comes from referrals.