March 5, 2024 Tips For Agents

Why Buyers Shouldn’t Wait for the Residence of Their Dreams

Residential buyers are focusing on the wrong details when deciding to wait out the current market in hopes of “perfect” conditions down the road. That is not the case at Merrick Manor, which is down to its final few one-bedroom residences after a flurry of new sales this month. 

A new report on analyzes the current thought process of would-be buyers navigating today’s market. The report suggests that waiting for moderate reductions in mortgage rates in 2025 would be a costly mistake. 

“Bottom line for homebuyers: If you see a home you love, don’t wait,” the report states. “Given the market’s unpredictable nature, there might be better strategies than waiting for perfect conditions.” 

This is especially true in Coral Gables, which will have no new condominium product under $600,000 for the next few years after Merrick Manor sells its last few units. What good is an incremental decrease in mortgage rates if there is nothing left to buy? 

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 the 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 11 a.m. to 5 p.m. on Monday through Friday and weekends by appointment.