How to Make the Most Out of Your Trip to the Aventura Real Estate Market

By shaye • July 31st, 2010

Buyers with market savvy take market trends into account. Overly including trends in the process, however, can be disadvantageous. The basic ingredient for a successful home-buying recipe is ample knowledge

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on the market type; with it follows everything. The Aventura real estate market is particularly favorable for buyers, first-time or otherwise. And as assistance, here are simple ways to tread the market.

Take time looking

You have to worry not about the homes in the Aventura real estate market. Although some certainly excite the interest of other buyers, others are not going anywhere. This means you have plenty of time searching for the right property. If you look at many houses, you’ll likely find the ones open for price cuts.

Consider your options

Aventura real estate is bound with choices. Take a look at the foreclosure market to see if there are properties that might suit your preferences. Also, you have the option of choosing newly constructed properties. These properties, however, may need a little bit of push to reach a favorable selling price since builders are notorious for being discount-averse. But if you choose to look at new developments with empty real estate, you might just find a builder who will be willing to negotiate.

Make a discounted offer

Once you’re ready to make an offer, remember that you don’t necessarily have to abide by the asking price. Offering at a slightly lower range, around 15 percent lower or so, can bring you to new and potentially advantageous price grounds. But if the price had been cut before, you might find it extra difficult to pull it down further.

Negotiate a favorable closing date

If you still need to glean the down payment, negotiate for plenty of breathing room. A couple of months may be useful in your situation. Nevertheless, you have to make sure you’re ready before the deadline arrives. But if you’re fortunate enough to find a seller willing to wait until you’re ready to close, use the time to gather the financing you need for the property.

Find the right lender

Aventura real estate properties are not the only ones negotiable; lenders will typically vie for your business, as well. This is where your negotiation skills count. Select a couple of lenders willing to negotiate and ask for favorable mortgage terms. The one who can provide the best deal will naturally be a good pick.

Mark Michael Ferrer
Aventura Real Estate

 

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