π‘ πΊπΆπ³π«!π‘ π 5308 Harrison St, Hollywood, FL 33021
Very happy for my buyers for closing on this stunning home in Hollywood!
It was a pretty incredible journey! I was helping them identify a product with good resale, future investment opportunity and the ability to gain some appreciation.We sifted through townhomes, midrises and highrises, believe it or not we looked through Hollywood, Sunny Isles and Aventura, and almost went to Brickell and the Gables.
However, with such dense areas filled with condos, (beautiful ones) the lack of uniques (lot of inventory) and governing bodies (problematic HOA’s w/ rigid rental restrictions) can create a future obstacle when looking at it from a landlord and sales viewpoint. Making it challenging to separate the product down the road from over 12 months or more of inventory vs a very limited Single Family House market (1.8 months of inventory) now, and most likely in the future 3-5 years.
Instead of saying hey, the condo is beautiful, go for it. I wanted to let them know the obstacles they can come across. They settled on a one of a kind home in Hollywood with incredible back yard swag and nice curb appeal. When they asked me what I though, I told them I would consider buying it from them when they are ready. π Stamp of approval!
π»πππ π«ππππππ π΄ππππ π―ππππ πͺππππInstead of saying hey, the condo is beautful, go for it. I wanted to let them know the obstacles they can come across. They settled on a one of a kind home in Hollywood with incredible back yard swag and nice curb appeal. When they asked me what I though, I told them I woudl consider buying it from them when they are ready. π #Stampofapproval
