Be Patient And It Will Sell? - The Real Estate Coconut

October 2nd, 2012 | categories: Coconut Grove Real Estate

Buyers are not just snapping up the hottest new?listings that come?on the MLS but?they are also buying properties that have been sitting on the market for a long time (thanks to low inventory levels).? An obvious advantage of buying?these homes?is that the seller might be slightly more negotiable than a newly listed property and has likely made price reductions along the way.

For example, 2908 Seminole Street was a beautiful property on one of the best streets in Coconut Grove but just needed the right buyer who appreciated the home and large lot size.? It has been on and off the market since 2007 but finally sold recently for a sales price of $1,050,000 (list price was $1,295,000).???The home needed a significant amount of renovation?but offered 4,080 square feet of living space on a rare 20,000 square foot lot.? Broker was Coconut Grove Realty.

Another property which sat on the?market?for awhile was 4070 Ensenada Avenue.? This home came on the MLS back in 2010 and?offered 4,299 square feet of living space on a 7,839 square foot lot.? It was?listed at $1,100,000 and sold recently for $1,000,000.? The challenge?for this home was that it did not have any yard?but?the owner was offering to sell the adjacent lot for an additional $396,700.? Broker was Piquet Realty.

I have earned the distinction of selling the most number of homes in Coconut Grove for the past 3 years. If you would like to schedule a buyer or seller meeting with me, please feel free to contact me on my cell at 305-342-1623 or send me a note here.

The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse information regarding the upcoming Grove at Grand Bay new construction project, Coconut Grove?s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

Written by Riley Smith

This entry was posted on Tuesday, October 2nd, 2012 at 7:23 am and is filed under Coconut Grove Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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