We're not in the business of shortchanging homeowners. Our team of Miramar real estate experts uses cutting-edge market analysis tools and on-the-ground knowledge to craft fair, competitive offers. We dive deep into recent local sales data, current Broward County market trends, and your property's unique features to ensure our offer hits the mark. We pride ourselves on transparency. When we present our offer, we'll walk you through our valuation process, showing you exactly how we arrived at the number.

Plus, selling to us means no repair costs, zero agent commissions, and we cover all closing fees. This strategy can indeed be profitable for many homeowners, primarily due to the significant savings on various costs associated with traditional home sales.

Here's a detailed breakdown of how these savings can add up:

1. Real Estate Agent Commissions:

• In Miramar, the average real estate commission is 5.37% of the home's sale price.

• For a median-priced home in Miramar ($534,500 as of August 2024), this amounts to $28,702 in commissions.

• The commission is typically split between the listing agent (2.82% or $15,073) and the buyer's agent (2.55% or $13,630).

• By selling to a cash buyer, Miramar homeowners can avoid this substantial fee entirely.

2. Closing Costs:

• Average seller closing costs in Miramar: 3.23% of the home's purchase price (approximately $17,264 for a median-priced home of $534,500)

• Real estate commissions in Miramar: 5.37% on average (2.82% for listing agent, 2.55% for buyer's agent), totaling about $28,702 for a median-priced home

• Buyer incentives: Sellers typically spend about 2% ($10,690 for a median-priced home) on incentives to secure a sale

• Property tax rate in Miramar: Approximately 1.2%, which is the same as the Florida average

• Total selling costs: When combining closing costs, realtor fees, and typical buyer incentives, Miramar sellers can expect to spend about 10.6% of their home's value in the selling process

3. Repairs and Renovations:

• The average cost of preparing a home for sale in Miramar typically ranges from 1% to 3% of the home's value.

• For a median-priced home in Miramar ($534,500 as of August 2024), this could mean spending $5,345 to $16,035 on repairs and updates.

• Cash buyers in Miramar, like Broward Property Buyers Pro, typically purchase homes "as-is," eliminating these expenses for sellers.

4. Holding Costs:

• The average time to sell a home in Miramar is approximately 58 days.

• During this time, sellers continue to pay for mortgage, utilities, insurance, and property taxes.

• For a median-priced home in Miramar ($534,500):

• Monthly mortgage payment: Approximately $2,000

• Average monthly electric bill: $258

• Estimated monthly homeowners insurance: $150

• Monthly property taxes (based on 1.2% annual rate): $535

• Total monthly holding costs: $2,943

• For the average 58-day selling period, total holding costs amount to approximately $5,686.

5. Home Staging and Marketing:

• Professional home staging in Miramar typically costs $1,500 to $4,000 for the initial setup of an average-sized home.

• Monthly furniture rental fees for staging can range from $500 to $600 per month after the initial setup.

• For a median-priced home in Miramar ($534,500), staging costs might be on the higher end of these ranges.

• Marketing expenses in Miramar, including professional photography and online listings, can add an additional $500 to $1,000 to the total cost.

6. Seller Concessions:

• In traditional sales in Miramar, sellers often agree to pay 1-3% of the home's price in buyer concessions.

• For a median-priced home in Miramar ($534,500 as of August 2024), this could amount to $5,345 to $16,035 in seller concessions.

When all these costs are added up, a traditional home sale could incur expenses totaling 10-15% of the home's value. For a $534,500 home, this translates to $53,450 to $80,175 in potential costs. "We Buy Houses" companies typically offer 70-90% of a home's market value. While this may seem low at first glance, when you factor in the savings on the above costs, the net proceeds can be comparable or even favorable to a traditional sale, especially for homes needing significant repairs or for sellers prioritizing a quick and easy transaction.

In South Florida specifically, cash sales are particularly common. In April 2024, about 25% of single-family home buyers in Miami-Dade and Broward counties paid in cash, with even higher percentages in Palm Beach (49%) and Martin (61%) counties. This prevalence of cash buyers in the market suggests that many sellers in the area find value in this option. In conclusion, the elimination of various selling costs and the benefits of a quick, certain sale can make them a profitable and attractive option for many homeowners, especially in the South Florida market.Don't just take our word for it. We encourage you to shop around. Compare our offer, our lightning-fast closing times, and our hassle-free process to other options. We're confident you'll see the value in choosing Broward Property Buyers Pro for your Miramar home sale. Ready to get your no-obligation cash offer? Let's talk today!

Sources:

1. Broward County Property Appraiser website (bcpa.net)

2. Miramar city official website (https://www.fortlauderdale.gov)

3. Zillow.com - Miramar real estate statistics

4. Realtor.com - Market Overview for Miramar

5. MIAMI Association of Realtors - Market Data

6. Florida Association of Realtors - Reports and statistics

7. Local news articles covering Miramar housing market trends

8. Redfin.com - Miramar home sales data

9. Recent sales data from local MLS listings

10. U.S. Census Bureau - population and housing data for Miramar

At Broward Property Buyers Pro, we specialize in purchasing homes in any condition, including those that need repairs or are in poor shape. We accept all conditions: Whether your Miramar property has structural issues, water damage from a recent hurricane, outdated electrical systems, or even pest problems, we're interested. We've seen it all in Broward County and we're prepared to make an offer.

We invite you to reach out for a no-obligation cash offer and experience the ease of selling your Miramar home as-is to Broward Property Buyers Pro.

If you're facing foreclosure in Miramar, selling your home can be a viable solution to avoid the severe credit impact and financial consequences. Acting quickly is crucial, as you have options until the foreclosure auction. While a traditional sale might fetch the best price, it may take too long in a foreclosure situation. A short sale is an option if you owe more than your home's worth, but it requires lender approval and can be time-consuming.

Selling to a cash buyer like Broward Property Buyers Pro offers a faster alternative, often closing in 7-14 days. This can be quicker than the foreclosure process, which in Florida requires lenders to give at least 30 days' notice before filing a lawsuit. While exploring these options, try negotiating with your lender to pause the foreclosure process. Remember, selling before foreclosure can help preserve your credit score and provide a fresh start.

We at Broward Property Buyers Pro specialize in helping homeowners in such situations, offering fast, cash sales that can help you avoid foreclosure, save your credit, and move forward with less financial stress.

When selling a house in Miramar, Florida, there are several key factors to consider:

1. Market Trends:

• As of August 2024, the median home price in Miramar is $555,000, representing a 2.8% increase from the previous year.

• The Miramar housing market is somewhat competitive and is expected to remain stable.

2. Selling Speed:

• Homes in Miramar had an average of 62 days on market in August 2024, up from 44 days the previous year.

3. Pricing Strategy:

• The average homes in Miramar sell for about 2% below list price.

4. Seasonal Considerations:

• October is typically the best time to buy a house in Miramar, with homes selling for 94.3% of the list price.

• November is often the best month for selling, with homes selling for 95.6% of the list price and going pending in 72 days.

5. Costs to Consider:

• Real estate agent commissions in Miramar average 5.37% of the home's sale price.

• Seller closing costs average 3.23% of the purchase price.

• Preparing a home for sale can cost 1-3% of the home's value.

6. Local Market Nuances:

• Strategic Location: Miramar's real estate market benefits significantly from its position between Miami and Fort Lauderdale. It's approximately 20 miles from both cities, making it an ideal location for commuters working in either metropolitan area.

• Diverse Neighborhoods: Silver Shores: Known for its gated communities and amenities, attracting higher-income families; Monarch Lakes: Popular among young professionals and families due to its convenient location and family-friendly environment; Sunset Lakes: Offers a mix of housing options, appealing to a diverse range of residents.

• Education Impact: The city has several highly-rated schools, including: Somerset Academy Miramar South, Glades Middle School, Somerset Academy Middle (Miramar Campus), Sunshine Elementary School, Somerset Academy Elementary (Miramar Campus), Somerset Academy Charter High School Miramar Campus, Coconut Palm Elementary School, Silver Lakes Elementary School, Silver Shores Elementary School

• Development Trends: There's ongoing commercial and residential development, particularly in western Miramar, indicating growth potential. The most notable project is Park Miramar, a 126-acre mixed-use development by Sunbeam Properties, which will include nearly 3,000 apartments, a hotel, retail, and office space. The ongoing Miramar Town Center project continues to expand, serving as the city's downtown with a mix of civic, residential, and commercial spaces. Sunbeam Properties is also planning a new headquarters for WSVN at Miramar Parkway and Red Road, set to break ground in mid-2025. Meanwhile, the Miramar Park of Commerce, a 600-acre office and industrial park, remains in high demand with 98% occupancy.

• Price Points: While more affordable than Miami or Fort Lauderdale, Miramar's median home price of $555,000 (as of August 2024) is higher than the national average, reflecting its desirability.

• Natural Considerations: Being inland, Miramar is less susceptible to hurricane damage compared to coastal areas, which can be a selling point for some buyers.

7. Buyer Demographics:

A. Age Demographics:

• According to the 2018-2022 American Community Survey, Miramar's median age is 37.3 years.

• The city has a relatively young population, with 65.3% of residents between 18-64 years old.

• Only 11.1% of the population is 65 or older, indicating that Miramar attracts more working-age individuals and families than retirees.

B. Out-of-State Buyers:

• New York, Washington, and Boston are top sources of inbound interest for Miramar.

• This aligns with broader Florida migration trends, where states like New York, New Jersey, and Massachusetts are among the top sources of new residents.

Reasons for Inbound Interest:

• Economic Opportunities: Miramar has a growing business center with several business parks, attracting entrepreneurs and professionals. Top employers include Comcast, Strayer University, Royal Caribbean Cruises, and Memorial Hospital Miramar, offering a range of job opportunities. Home to over 5,000 employees from various companies, Miramar Park of Commerce influences local housing demand. The presence of Spirit Airlines' headquarters creates a steady demand for housing from airline employees.

• Education: The presence of quality schools and higher education institutions like Strayer University attracts families and students.

C. Local Buyers:

• 71% of Miramar homebuyers searched to stay within the metropolitan area, indicating strong local demand.

• This suggests that current residents find Miramar desirable for long-term living or upgrading their homes.

D. Housing Market Factors:

• The median home price in Miramar ($555,000 as of August 2024) is more affordable compared to nearby Miami, attracting buyers looking for value.

• The market is somewhat competitive, with homes receiving an average of 2 offers, appealing to buyers who want options without extreme competition.

8. Property Types:

• Consider the specific type of property you're selling. Single-family homes and townhouses may have different market dynamics in Miramar.

9. Economic Factors:

• Miramar's job market and population growth contribute to sustained housing demand.

• Keep an eye on interest rates, as they can significantly impact buyer purchasing power and demand.

Understanding these factors can help you make informed decisions when selling your house in Miramar, from pricing strategy to timing your sale and negotiating offers.

We're happy to provide more detailed information during our free, no-obligation consultation.

Sources:

1. Realtor.com - Miramar Market Overview

2. Redfin.com - Miramar Housing Market Trends

3. Zillow.com - Miramar Home Values

4. MIAMI Association of Realtors - Monthly Market Reports

5. Broward County Property Appraiser website

6. Florida Realtors - Florida Housing Market Reports

7. U.S. Census Bureau - Miramar QuickFacts

8. City of Miramar official website

9. National Association of Realtors - Local Market Reports

10. Trulia.com - Miramar Real Estate Trends

11. Florida-demographics.com

12. FloridaYIMBY.com

Miramar's real estate market is characterized by its strategic location between Miami and Fort Lauderdale, offering a diverse array of neighborhoods and influenced by strong economic indicators. As of August 2024, the median home price in Miramar is $555,000, representing a 2.8% year-over-year increase. The city showcases varying growth patterns across its neighborhoods, with areas like Silver Shores, Monarch Lakes, and Sunset Lakes being particularly popular.

Sunset Lakes is one of Miramar's most sought-after neighborhoods, known for its gated community atmosphere and beautiful lakefront properties. This family-friendly area features well-maintained homes, many with water views, and offers amenities like community pools, parks, and walking trails. The neighborhood is particularly popular among young families and professionals due to its proximity to top-rated schools like Sunset Lakes Elementary.

Silver Shores, another prominent Miramar neighborhood, is characterized by its mix of single-family homes and townhouses. This area is known for its strong sense of community and well-maintained properties.

Silver Shores Park, located within the neighborhood, offers residents access to sports facilities, a community center, and various recreational programs. The neighborhood's location near major highways like I-75 makes it attractive to commuters working in Miami or Fort Lauderdale.

Monarch Lakes, situated in western Miramar, is a newer development that has gained popularity in recent years. This master-planned community features a mix of single-family homes and townhouses, often with Mediterranean-inspired architecture. The neighborhood is built around several lakes and includes amenities like a clubhouse, fitness center, and community pool. Monarch Lakes is particularly appealing to families due to its proximity to highly-rated schools like Glades Middle School and Somerset Academy Miramar Campus.

Miramar's real estate market is propelled by a diverse array of economic drivers. The city's proximity to major employment hubs in Miami and Fort Lauderdale contributes significantly to its appeal. The Miramar Park of Commerce, a 600-acre office and industrial park, was 98% leased as of April 2024, indicating strong demand for commercial space. Spirit Airlines has its headquarters in Miramar, employing over 3,000 people. The job market in Broward County, which includes Miramar, added 23,200 nonagricultural jobs over the year in April 2024, a 2.6% increase, with an unemployment rate of 3.1%.

The city's unique appeal is further enhanced by its strategic location and diverse amenities. Miramar is about 20 miles from both Miami and Fort Lauderdale, with easy access to major highways like I-75 and the Florida Turnpike. The city offers a free Community Shuttle Service with four routes, improving mobility within the city. Educational institutions play a significant role, with highly-rated schools like Somerset Academy Miramar South and Glades Middle School attracting families to the area.

The real estate landscape is varied, ranging from gated communities in Silver Shores to family-friendly environments in Monarch Lakes. New developments, such as the massive 126-acre Park Miramar project and the ongoing expansion of Miramar Town Center, are reshaping urban living in the city.

This combination of economic strength, diverse housing options, and lifestyle amenities makes Miramar a unique and compelling real estate market for a wide range of buyers and investors, particularly families and young professionals seeking a suburban environment with urban accessibility.

Sources:

1. FloridaHomeownerSolutions.com

2. WhatsMyCashFlow.com

3. Miramar.gov (City of Miramar official website)

4. FloridaYIMBY.com

5. BizJournals.com (South Florida Business Journal)

6. GrandRivieraMiramar.com