Linda G at ONE Sothebyâ€™s International Realty had a successful closing at the Bellini on the Ocean last month, located in Bal Harbour. A â€śray of hopeâ€ť in todayâ€™s challenging market where both Sellers and Buyers were on â€śCloud Nineâ€ť the day of closing!
Online PR News – 06-February-2011 – – Linda â€śGâ€ť, with ONE Sothebyâ€™s International Realty Miami Beach recently closed on a luxury condominium in one of the most sought after oceanfront condominium properties in Bal Harbour â€“ The Bellini on the Ocean. This unique 19th floor oceanfront listing was a beautiful 3 Bedroom 4 Bath 3,000 sq. ft. oceanfront condominium home with breathtaking views of the ocean, inlet, Intracoastal waterway, bay and cityscapes. Listed at $2,250,000, this luxury condominium closed at $2,200,000 as a cash sale. View the exclusive website for this listing here â€“ http://www.belliniontheocean.com
Linda â€śGâ€ť stated â€śI am thrilled with closing this 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 todayâ€™s market, I believe that a ultra luxurious property, such as Bellini should be able to hold itâ€™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.â€ť
Linda then added, â€śAs I do represent both sellers and buyers, I am very familiar with both sides of the negotiations.â€ť She continued, â€śwhen I am representing the sellers of a property that is valued and listed at a price that is right in line with the quality of the property, the location and many other factors, as the selling agent I am able to explain and defend our pricing for my sellers. The closing price while making my sellers happy, should also make the buyers happy when you are able to show them that even though they didnâ€™t get that â€śsteal dealâ€ť that everyone may be looking for, they paid a fair and realistic price in todayâ€™s market.
Commenting further, she added, â€śCertainly 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 Iâ€™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.â€ť
Linda also remarked that in the last few years she is working with buyers that have done a lot more of their own research. â€śWhile knowledge is power, and Iâ€™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.â€ť
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 â€śperfect stormâ€ť to some degree and itâ€™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 WCIâ€™s One Bal Harbour and Florida Prudential Realty before she joined ONE Sothebyâ€™s International Realty in Miami Beach early this year, Linda â€śGâ€ť 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.