The Tale of Two Luxury Foreclosures

The tale of two Luxury foreclosures.

This is it this is the prime battle a fight until the sale which home will sale the fastest at the highest prices? This is the tale of two different foreclosures homes one is a foreclosure the other a pre foreclosure. The two homes are unique and have their different features and selling points but yet they compete to get maxima exposure in a difficult market.Inventory has Increase monthly and incentive for buyers are offered every day. Which one is a better buy? That would depend on who you ask. Lets take a closer lookat the two homes located in Coral Gables. Take a closer look at public schools in coral gables.

1020 Sorolla ave Coral Gables, FL 33134 ( pre foreclosure)

This is a unique Old 1938 Spanish home build with perfection and designed like a palace. The home features 3 spacious bedrooms and two updated baths it also has a whooping 3,512 sqft of living area. It is obvious to the naked eye this home has a unique eloquence from the exterior to every small interior detail.

4001 Monserrate st Coral Gables, Fl 33146 ( Foreclosure)

This is a contemporary split plan home with great potential. The home features a 4 bedrooms and 4 bathrooms with 4,501 sqft of living space. The 4,501 sqft is the size of many townhouse lots which means it can accommodate a big family not to mention the size of every room.The home also features a inside pool this can help you keep a better watch on your kids while they play and swim.

Old Spanish Gem V.S Contemporary split plan home

The two homes are unique and have two different selling points. The ultimate question is what do you prefer a home that has much history o a home you can entertainment many guest and accommodate the whole family. The Old Spanish Gem would be ready to move in the minute you close the contemporary home needs a little TLC ( Tender loving Care).

My advice

Both homes are newbie’s in the market with little market history just a note nothing can convince banks more, than when their inventories are 90 to 120 days old this proves price reduction is a priority. In many cases they adjust their price every 30 days so be patience. I suggest a offering price for the old Spanish gem a whooping 850,000 just to break grounds for negotiation with no financial contingency just to make the offer more attractive. But of course if you plan to finance please be sure you can qualify first before submitting such an offer. I suggest an offer of 900,000 just to start negotiating for the contemporary home but please keep in mind the longer the property doesn’t sale the lower the bank will go. These two homes have closed comparables around the asking price. But if you would like a detail report of closed sales that can justify my suggestion please call me at or email me at mdelgado@globalmarketrealty.com. To Read more on luxury foreclosure please click here.

Read also

Ready to move to Miami Lakes? We have several Miami Homes, Miami Foreclosures, Miami Rentals, Miami luxury foreclosures, Miami Condo foreclosures. Search the Local MLS for Hundreds of Miami lakes Rentals.

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