ONE BAL HARBOUR - Linda G Properties Closes on a ONE BAL HARBOUR LUXURY CONDOMINIUM
05/01/2011

Linda “G” of ONE Sotheby’s International Realty Miami Beach announces a successful closing at the One Bal Harbour Condominium located in Bal Harbour. A “Ray of Hope” in today’s challenging real estate market where both the Sellers and Buyers were on “Cloud Nine” the day of closing!

Online PR News – 01-May-2011 – – Linda “G”, with ONE Sotheby’s International Realty Miami Beach recently closed on a luxury oceanfront condominium in the most sought after luxury condominium property in Bal Harbour – The One Bal Harbour.

This unique flow-thru floor plan oceanfront listing is an unfinished Decorator Ready residence, in which the owner had only finished the kitchen and put the rest of the build out on hold since the closing at the end of 2007. The residence is a beautiful 3 Bedroom 3.5 Bath 3,100 sq. ft. “flow-thru” floor plan featuring 3 terraces – 1 eastern oceanfront terrace and 2 western bay view and sunset view terraces providing breathtaking views of the ocean, beach, Intracoastal waterway, bay and cityscapes. This luxury condominium closed at $2,000,000 with a less than 30 day closing. View more about this property at the exclusive website for this listing here – http://www.OneBalHarbour1603.com

Linda “G” stated “I represented both the seller and buyer in this transaction in which both parties were very happy on the day of closing. This residence had it’s challenges because it was unfinished, but it was also an unique opportunity for the right buyer and I was able to introduce a buyer who really wanted to work with their own designer and finish the residence to meet their lifestyle. There were other condominium properties that had developer units still available that were Decorator Ready in a few other newer buildings in neighboring Sunny Isles Beach, but this buyer was in love with One Bal Harbour and the Bal Harbour area, and I don’t blame them. I was able to put the right buyer together with the right seller and they are both very delighted with the outcome.”

Linda “G” continued “I am thrilled with closing this property at the sale price of $2,000,000. A recent sale (last year) of a completely finished unit in the same line on a higher floor (2 floors above) closed at a little less than $2m. So, I and the seller knew that this kind of sale price was a good price for an unfinished lower floor same unit.

Linda then added, “As I do represent both sellers and buyers, I am very familiar with both sides of the negotiations.” She continued, “when 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 satisfied when you are able to show them that even though they didn’t get that “steal deal” that everyone may be looking for, they paid a fair and realistic price in today’s market.

Commenting further, she 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 buying 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 realistic price, or listed close to what I consider a realistic price, I let my buyers know that despite their possible desire to try and negotiate a much lower price for that “steal deal”, 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 high quality luxury oceanfront or waterfront home or condominium should be recognized for those very unique facts.”

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 previewed on a website or blog about median home or condominium prices for a particular city or zip code area 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, Fort Lauderdale, Bal Harbour or Miami 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 condominium properties and homes to be had, and that uniqueness in itself certainly adds value to that market. The South Florida condominium boom of earlier this last 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 and other inland areas may struggle for a few more 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 and oceanfront areas of South Beach, Miami Beach, Bal Harbour, Sunny Isles Beach and other South Florida communities located directly on the ocean.

Linda continued, “We’ve already seen a reduction in inventory, a spike in sales and an increase in closing prices along the beach during this first quarter of 2011. The numbers for South Florida in general are showing a positive trend but the beach areas are definitely rebounding more quickly”.

Linda “G” has recently sold 3 of her EXCLUSIVE oceanfront listings in the Greater Miami Beach areas of Bal Harbour and Sunny Isles Beach. Total sales in excess of $5.4 million.

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 last 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 the Palm Beach areas. View Linda G’s South Florida luxury real estate website at http://www.LindaGproperties.com

ONE Sotheby's International Realty is the fastest growing luxury real estate brokerage firm in South Florida. The firm has opened offices in Fort Lauderdale, Coral Gables, Miami Beach and Key Biscayne and recruited more than 200 agents in just two years. An affiliate of Sotheby's International Realty, the global network currently has more than 10,900 sales associates throughout 500 offices in 42 countries and territories worldwide. ONE Sotheby's International Realty also benefits from an association with the venerable Sotheby's auction house, established in 1744.