What Buyers Need to Know About 90+ Day Listings in South Florida

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Platform: Facebook • Post #6

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Thinking about buying in South Florida? Here’s something every buyer needs to understand about properties that have been sitting on the market for 90+ days.

That “90-day badge” is both an OPPORTUNITY and a WARNING SIGN.

Opportunity

  • The seller may be ready to negotiate significantly
  • You have leverage that didn’t exist in 2021-2022
  • Price reductions are often already in the listing history
  • The seller’s agent is feeling pressure too

Warning Sign

  • The property may have insurance availability problems
  • For condos: there may be massive pending special assessments
  • The building may have lost its “warrantable” status (meaning conventional financing won’t work)
  • There could be structural issues that SB 4-D inspections have revealed

OUR ADVICE: Before making an offer on ANY aged listing, investigate WHY it’s sitting. Check:

  1. Price history on Zillow (look for relisting patterns)
  2. Insurance quotes (can you even get coverage?)
  3. For condos: association financials, reserve study, pending assessments
  4. SB 4-D compliance status
  5. Whether the building is FHA/Fannie Mae approved

Knowledge is your best negotiating tool. We published a complete buyer’s guide as part of our “Stagnation in the Sun” report.

Read it here →

Hashtags: #SouthFloridaRealEstate #HomeBuying #RealEstateTips #MiamiRealEstate #BrowardRealEstate #PalmBeachRealEstate #FirstTimeHomeBuyer #RealEstateAdvice

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