Housing Crisis? What Housing Crisis? According to Avanti Way: in Miami There Are Now More Transactions Closing Than During The Boom

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Regardless of the status of the market, there will always exist reasons for people to buy and sell real estate (celebrity divorces included), but in Miami at least, the forecasts are really looking up, especially for the sellers in the market.

There will always exist reasons for people to sell or buy real estate: a new marriage, an expanding family, a job change, and then of course, there’s always divorce.

As the news of Tom Cruise and Katie Holme’s divorce rocks our pop culture world, to Avanti Way’s Lead Capturing Department, divorce is just one of the many reasons that people decide to sell off their primary home. But compared to the devastating housing crisis of a few years ago, at least in Miami, it’s a great time to put your house on the market, whatever that reason may be.

“During the height of the boom there were about 26,000 to 27,000 transactions which is nothing when compared to the 29,000 to 30,000 transactions that occurred between 2010 and 2011." Explains Enrique Teran, Co-Founder of Avanti Way, who publishes a yearly Investment Report for their Investor-focused Property Management division. "Of course, back in the boom about 90% of those were financed, while cash deals are taking up up a good 70% of the market share right now – most of it coming from South America."

“In addition, if we factor out all those phantom pre-construction sales that inundated the market in 2006,” adds Andres Korda, the second Co-Founder of Avanti Way, “we actually have a lot more transactions than during the boom years. That’s an amazing fact that simply boils down to this: at least here in Miami, the market is really bouncing back.”

“It's actually a seller's market in some parts of South Florida,” continues Teran, “perhaps not in the way it was during the boom with buyers paying thousands of dollars above appraisals, but most sellers are getting multiple offers, most at or above asking price.”

This fact is further supported by floridarealtor.org's market research, which states that Florida is now in the 3rd step of housing market recovery. According to the site, the three steps are 1) new listings decline, 2) days on market decline, and 3) the ratio of sales price to original list price increases. Their statistics claim that in May 2012, sellers actually received 91.1% of the asking price for single-family homes and 91.6% for condos - a healthy forecast indeed.

“In the end, regardless of the market,” admits Korda, “There will always exist reasons for people to sell or buy real estate: a new marriage, an expanding family, a job change, and then of course, there’s always divorce.”

Avanti Way's Leads Department has an entire team dedicated to the sole task of screening all those buyers and sellers, whatever their reasons might be, and then passing them on to their tech-savvy sale force. It’s no secret that the company’s ambitious goal is to change the industry one innovation at a time, and teaching their team to keep a reality check on the ever-changing marketplace is what sets apart a true Real Estate Entrepreneur.

“We’ve had over 20 newly licensed agents join us in the past 2 months alone. The word’s getting out that it’s a great time to get back to Real Estate.” Ends Teran, and with Avanti Way’s patent-pending Technology, amazing training and support, it’s no surprise that so many of them are now doing Real Estate, the Avanti Way.

For further information about Avanti Way, please contact Gloria Rodriguez at (305) 229-1146, visit http://www.avantiway.com or http://www.joinavantiway.com.

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Gloria Rodriguez de los Reyes
Avanti Way
(305) 229-1146 1208
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