Why are appraisals no longer derailing real estate transactions? In South Florida there seem to be two reasons:
1) Appraisals are coming in higher now than they have been in the past few years.
2) Even when appraisals come in below contract price, buyers seem to be braced and ready to scrounge up (or dig deep into their pockets) to fill in the gap … because if they don’t, someone else can … and will.
The real estate market is heating up quickly here in Miami. Properties are going under contract within days or weeks of being listed – and many of them are closing very close to list price … if not higher!
Looking to buy/sell/or relocate? We would love to help you! Vicki Restivo and Alexandra Hechtman … EWM REALTORS 305 793-1365 restivo.v@ewm.com. Call any time!
