Home Buying in 33137>Question Details

Terri, Home Buyer in Fort Lauderdale, FL

Can you purchase a condo in zipcode 33137 without having cash only?

Asked by Terri, Fort Lauderdale, FL Thu Nov 14, 2013

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9
Kate Okularczyk’s answer
Terri - absolutely! Cash ONLY means that you cannot put a contingency on the purchase contract for your ability to get approved for a loan. Keep in mind that, should you be unable to obtain a loan, you risk losing your down payment.

I can help you work through these questions/reservations, and make sure we find you a perfect home!

Feel free to call/text me at 305.494.0589 or email at KTO@LUXPropertiesFL.com.

Best,

Kate
0 votes Thank Flag Link Fri Nov 22, 2013
Yes you can finance most home anywhere in the 33137 area.
0 votes Thank Flag Link Thu Dec 19, 2013
The property may also be over valued and a bank would not lend based on the recently closed sales.
0 votes Thank Flag Link Thu Dec 19, 2013
Qualifying through a conventional loan is not really the issue, being able to purchase the property for the asking price may be the problem. Last 2 condos I have placed under contract this month received offers 10% above the last sale in the complex and 15% - 20% above the average price, the transaction couldn't be possible if subject to financing since the appraised value is not there, unless the buyer has sufficient funds to cure the appraisal contingency. When you find a property with comments such as "cash only" it is mainly for that reason, buyer/realtor aware that the property is being sold above the appraised value.
0 votes Thank Flag Link Thu Nov 14, 2013
It is not the zip code which determines the deal; but the condominium you are interested on. If it is FHA approved you can finance the unit, otherwise cash has to be brought.
0 votes Thank Flag Link Thu Nov 14, 2013
Hola Terri.
Por supuesto que puedes comprar con un prestamo convencional.
Contactame directamente si deseas que te ayude a conseguir una propiedad en esa zona.

Vicqui zavala
Realtor Associate
Real Living First Service Realty
Cell 786-553-3824
E-mail: vicquizavala.realtor@gmail.com
0 votes Thank Flag Link Thu Nov 14, 2013
Yes, you can purchase a condo in zip code 33137 without having to pay it all-cash. There are 210 available condos for sale as of today accepting offers with financing contingencies. Feel free to contact me at your convenience so we can discuss your needs/budget in more detail.

--
Alin Zdroba
Lic. Real Estate Broker
Propertio
954-418-2154 (office)
704-351-3682 (cell)
alin.zdroba@propertio.com
http://propertio.com
Web Reference: http://propertio.com
0 votes Thank Flag Link Thu Nov 14, 2013
Hi Terri,

You can, if you are financing usually is 25%down for a condo purchase, unless you are approved for FHA ( first time home buyers) , but there are not many condos approved for FHA. For further help you can contact me directly at info@thegteamrealty.com

Thanks,

Ileana Umpierre
305.469.6280
info@thegteamrealty.com
http://www.thegteamrealty.com
0 votes Thank Flag Link Thu Nov 14, 2013
Yes you can, but you will have to be willing to put down 20%-35% depending on a few different factors such as the building and the appraised vs. asking price.

Jessica Boudreaux
Douglas Elliman
305-761-7964
0 votes Thank Flag Link Thu Nov 14, 2013
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