Miami Beach, FL -- December 01, 2008 -- /prbuzz/ -- In response to recent downturns in the economy, buyers and speculators seeking the choicest opportunities in the Miami condominium market can now utilize a new tool developed by Condoideas.com.
Condo Shark monitors all condos entered on the Mutual Listing Service (MLS) database in the Miami area and then tags those listings that reflect the best deals. The top opportunities, no matter the neighborhood, are then immediately displayed online.
“In this market, customers are mostly looking for deals,” noted Daniela Pellicciotti, Real Estate broker and at Condoideas Realty Group. “At the same time, we have a market where some sellers are eager to sell while others are not in so much of a hurry.”
By listing not only the price but also the price drop, Condo Shark reveals which seller is most motivated to sell a financially distressed property where the selling price has been drastically reduced in the past few months.
“Customers need to know which unit has flexibility in its pricing,” Pellicciotti said. “One buyer might simply submit three different offers to discover the most motivated seller. This tool is a step ahead, understanding in advance the seller’s motivation to sell and thus revealing the real bargains.”
Condoideas.com is a one-stop website devoted to Miami real estate. Maintained by Condoideas Realty Group, a multimillion dollar realty based in Miami Beach, Condoideas assists purchasers and sellers in the evaluation and transfer of properties.
According to Erik Mistruzzi di Frising, vice president of marketing at Condoideas.com, most condo websites show only basic descriptive information on location and unit characteristics.
“I feel that the current form of diplaying listings don’t give enough information to a buyer who really wants to analyze the vulnerability of a property,” said Mistruzzi di Frising. “Condo Shark analyzes the entire MLS and shows the top ten units for sale ranked by price decrease over time in every neighborhood. So at any given time you know exactly what the best deals are on the market.”
The information on Condo Shark is updated live. The site provides a unit’s original listing price, the current asking price, and the price reduction percentage, along with the condo’s name, dimensions and numbers of bedrooms and bathrooms.
“This is the 1.2 version of Condo Shark,” Mistruzzi di Frising notes. “We are developing new upgrades that will make it the number one resource for Miami real estate deals. We are also planning to expand this tool into other metropolitan areas nationwide.”
Those wishing to take advantage of Condo Shark can visit its website at http://www.condoideas.com/condoshark.htm
For Enquires:
Contact: Erik Mistruzzi di Frising
Condoideas Realty Group
1680 Michigan Avenue Ste 910
Miami Beach FL 33139 USA
Telephone: 305.428.2439
Fax: 1.305.675.8327
E-mail: info@condoideas.com
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