A longstanding residential real estate cliché is the typical first-time buyer realizes the dream of home ownership after settling down and starting a family. In reality, many SINK (single income no kids) individuals account for a significant share of the first-time buyer pool, a new report shows.
Merrick Manor’s last few available condominiums are the perfect first-time residential purchase for SINK buyers in the Miami market.
Realtor.com examined the growing proportion of SINK buyers in a new article, speaking with real estate agents and SINK buyers themselves. Such buyers are often able to make quicker decisions than couples, which is a must in a tight housing market, and be flexible about where they buy.
“The No. 1 advantage of being a SINK owner is that they don’t have to accommodate anyone but “me, myself, and I,” the article states.
“In my experience, SINKs’ decision-making process is much more efficient because they don’t have to compromise to the wants or needs of another, or ‘be on the same page’ with a co-buyer,” says Robert Dodson, sales manager and broker at Charles Burt Realtors in Joplin, MO.
That mindset will pay off for SINK buyers seeking to purchase in Coral Gables, as Merrick Manor’s final one-bedrooms are the last of their kind in the City Beautiful for at least the next few years.
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.”
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 our Model Residence 527 on the at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. Open from 11 a.m. to 5 p.m. on Monday through Friday and weekends by appointment.
