This extraordinary “Buyers’ Market” offers an impressive inventory of homes to choose from, like no-other in the history of real estate in Miami. Homes are selling today under what it cost builders to replace the same home at today’s construction prices. Deals are everywhere if you consider how low prices are in comparison to the peak of the boom, and negotiating for the home of your dreams is easy because you are not competing with multiple offers.

Take for example, the classic city of Coral Gables, Florida, where real estate has always been considered as good as gold because home owners historically have increased their wealth by investing in this area. Coral Gables home prices have reached 2003 price levels!

The advantage that you have in 2009 is that information is easily accessible to you through the internet for free. Today, you can preview online all MLS bank-owned (foreclosure) and short-sales listed homes as well as those not listed in the MLS; you are able to search by neighborhood with interactive Google maps; simply access comparables of homes that just sold in your favorite neighborhoods with great accuracy; access school-neighborhood information, and a lot more.

Learning about the inventory is an important step in the buying process because it allows you to compare value so that you can recognize a “true gem” when you see one. The old real estate maxim of location, location, location still applies even in a “buyer’s” market.

Email me to learn more about these free and exclusive online search services I provide!

Maricris Longo – Real Estate Advisor