Linda “G” stated “I am thrilled with closing this luxury oceanfront property at the sales price of $2,200,000, which was only $50,000 under the listed price. As the selling agent, the negotiation process can be very strenuous, especially these past few years, taking into consideration the challenges we are faced with every day with the uncertainties of a large portion of the real estate market. This luxurious oceanfront condominium was listed at a fair price and even in today’s market, I believe that a ultra luxurious property, such as Bellini should be able to hold it’s value, even during the toughest of negotiations. The end result in this real estate sale, my sellers were happy with the price and the buyers also were happy as they moved into their dream home, even though they might have wanted to spend less, they knew that the price they paid was realistic and fair.”
Linda then added, “As I do represent both sellers and buyers, I am very familiar with both sides of the negotiations.”
Commenting further, Linda added, “Certainly buyers are always looking for the best deal, and when I represent a buyer that is also my goal, but at the same time I let my clients know that property valuations and pricings are unique for each building and each location. If we are looking at a specific unit that is listed at a good price, or listed close to what I consider a realistic price, I let my buyers know that despite their possible desire to negotiate a much lower price, that we also run the risk of losing a chance to buy what might very well be their dream home and at an already realistic price from the beginning. I recognize that every seller and their selling position is unique, so I’m happy to test the waters of lower pricing possibilities, but a well priced luxury oceanfront or waterfront home or condominium should be recognized for that fact.”
Linda also remarked that in the last few years she is working with buyers that have done a lot more of their own research. “While knowledge is power, and I’m glad to see more people educating themselves prior to contacting me, I have the occasional buyer contact me and begin to share with me all about the graphs and charts that they saw in a website or blog about median home or condominium prices for a particular city here in South Florida, I try and make it clear that while those numbers are enlightening, those numbers can be misleading and mean less than they might realize when looking to negotiate prices at a specific luxury building located directly on the ocean or water, whether that property is in Palm Beach or South Beach.”
According to Linda, while we all know that real estate prices throughout the country have fallen due to many economic factors, there is still a limited amount of South Florida luxury oceanfront homes and properties to be had, and that uniqueness in itself certainly adds value to that market. The South Florida condominium boom of earlier this decade created a frenzy of investors and a glut in the South Florida real estate market just as the U.S. economy entered into the recession. It was a “perfect storm” to some degree and it’s effects will be felt for many years to come. Despite these facts, while downtown Miami may very well struggle for years to get buyers to buy up many of the available condominium homes, that same problem will not plague (to the same degree) the more exclusive and luxury waterfront areas of South Beach, Miami Beach, Bal Harbour, Sunny Isles Beach and other communities located directly on the ocean.
As a South Florida real estate waterfront specialist and the Top Producer at WCI’s One Bal Harbour and Florida Prudential Realty before she joined ONE Sotheby’s International Realty in Miami Beach early this year, Linda “G” and her Linda G Properties team serves buyers and sellers of high-end, waterfront condominium residences and homes in the Miami Beach, South Beach, Bal Harbour, Sunny Isles Beach, Aventura and north to Palm Beach.
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Linda "G" of ONE Sotheby's International Realty in Miami Beach provides the finest in luxury real estate sales of luxury oceanfront and waterfront condominium residences, penthouse homes and luxury estates from South Beach to Palm Beach.