Barbara Corcoran: Buy Now, Refinance Later

Take it from a true “shark”: now is the perfect time to purchase residential real estate before interest rate reductions create a buying frenzy.

Real estate legend and “Shark Tank” star Barbara Corcoran appeared on Good Morning America to answer questions from viewers about the state of the residential real estate market. Corcoran predicted that lower interest rates will create a flurry of buying activity, which in turn will drive pricing increases.

“It’s a good time to buy because the minute interest rates go down, everybody’s waiting for them to go down even by a point, and when they do, they’re going to come rushing back in the market,” Corcoran said. “Prices are going to explode, and you’re going to be paying more for the same house. And you can always refinance, remember, when and if interest rates come down.”

Corcoran previously called for young people to get into the real estate ownership game “right now.”

Merrick Manor has just a few available condominiums left at the Coral Gables building. These residences are an ideal way to close quickly and avoid the upcoming frenzy. But they will not be around for much longer.

Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.” The building is surrounded by three championship golf courses and is just 20 minutes from Miami Beach.

Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.

For more information about the residences at Merrick Manor, visit the new Sales Gallery in Suite 117 on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday.