The big question on the minds of realtors these days is how to get buyers interested in Miami Beach real estate. After all, mortgages are low, Miami Beach real estate prices are also ridiculously low and sellers are often throwing in tons of extras to try and sway Miami Beach real estate buyers.
There is a large portion of Miami Beach real estate buyers who want to buy Miami Beach real estate but remain undecided. The biggest worry these buyers have is the very real possibility of plunging values for Miami Beach real estate even after a sale. Combine this with those who believe mortgage rates and Miami Beach real estate prices will fall even more and it’s easy to see why Miami Beach real estate buyers are scarce. So how can these people be convinced to take that next step?
Miami Beach real estate tax credits have been mentioned here and there by the government as a buying incentive. However most potential Miami Beach real estate buyers believe a mortgage of three percent for 30 years is a better way of getting them off the fence. Some builders around the country are already offering mortgages near such a rate.
Another major hurdle for many Miami Beach real estate buyers is loan approval. We all know that lenders are turning down all but the most well off applicants when trying to obtain a Miami Beach real estate loan. Since not every person has a spotless credit score, Miami Beach real estate buyers believe lenders should also be willing to approve buyers who may have an average to above average credit score. These are only a few examples of spurring Miami Beach real estate demand, what would you suggest?
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