Home Buying in 33141>Question Details

Stephanie Sp…, Home Buyer in Miami, FL

I just had a realtor tell me that I shouldn't be looking in Miami/Miami beach because it is "so expensive" and

Asked by Stephanie Springer, Miami, FL Thu Apr 30, 2009

I should be looking further north from Ft. Lauderdale to West Palm Beach. I am looking to buy a condo for about 250K, am early twenties and single, and would prefer not to end up in a retirement community. Is my realtor just stretching the truth because he may have more properties to sell further north? I see some great properties for what I'm looking to buy in Miami and Miami Beach, and I was under the impression the values have significantly dropped and there are great values to be found?

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Jen and Mark Bowman’s answer
There are different perceptions of what is "expensive". Maybe your agent doesn't work in the area you are looking to buy. If you see homes that are in your price range in the area you want to live, take a look at them. You just might find your dream home. Don't forget that there is an $8,000 tax credit available for first time home buyers buying before December 1, 2009. Best wishes!
Web Reference: http://www.JenBowman.com
0 votes Thank Flag Link Thu Apr 30, 2009
there are PLENTY of condos in that price range. I even saw some bank-owned, in older buildings, on the beach...the inventory is high, you need a professional realtor, to steer you to the right community, for lifestyle purposes. Where do you work? There are some great deals w bay & intracoastal views, across fr the beach. Also, North Beach is a great neighborhood for single people.

If you want to generically search, you can go to our http://www.hammerandhammerrealtygroup.com. Or, I'd be happy to customize a search for you. I'm a mortgage broker. There are some unique criteria for "declining markets" and condos. I can pre-qualify you to give you a negotiate fr strengh position.

Let me know how I can help: email: cjkowens@aol.com, or you can call/text me at: 954-536-0648.
0 votes Thank Flag Link Sat May 2, 2009

Better properties in Miami & Miami Beach are expensive in comparision to the Fort Lauderdale & North areas- especially is you direct the search to the western section of the cities. Miami & Miami Beach would be my choice too- there are MANY properties in the 250K range.

There are condominums in Sunny Isles Beach and Aventura and even Bal Harbour in this price range. Try our MLS inventory site at http://waterwayrealty.sef.mlxchange.com - you will see several properties in the Miami Beach area. Our company site is http://www.SIBRealty.com - here you can isolate condominums by building name, city and several other parameters.

Here is a quick list of what condominiums are available in the $200-$275K range in the Greater Miami & The Beaches area. This list is exhaustive- over 1400 condominiums in the range between $200-275K ~ The list includes Aventura, Bal Harbour, Bay Harbor Islands, Miami, Miami Beach, Sunny Isles Beach, Surfside and Downtown Miami too. http://sef.mlxchange.com/Pub/EmailView.asp?r=91247375&s=… -

I can understand how an agent would want to choose the properties that they want to show you- It is best to isolate an area perhaps even just a few buildings - it makes the search that much easier.

Mott Marvin Kornicki, Associate/Broker
0 votes Thank Flag Link Thu Apr 30, 2009
Hi Stephanie,
As te realtors below have metnioned, a realtor should not be steering you away form a particular area, and the idea of expensive is very subjective.
Miami Beach is a very large area, and many areas are affordable if you are willing to be flexible. In your age group, I agree that you may find Miami to have a younger "vibe".

My company web-site below is great for looking at different areas along the beach, each location is divided so you can click on the location to check the prices in various condo buildings.

I have worked here on the beach for years and have seen the prices go up and come down substatially and I would be glad to assist you. Feel free to email me via Trulia or call me directly.

All the best,

Beth Jenkins
South Florida Brokers.
786-374-4778 (direct)
Web Reference: http://www.arealtyteam.com
0 votes Thank Flag Link Thu Apr 30, 2009
what your realtor did could be considered "steering" and is not only unethical but could also cost him his license. Our job is to find you a property in the area you like and with terms acceptable to you.
Having said that, there are plenty of drastically reduced condos on the market, water and non-water views. I am currently in negotiations for a buyer who lives in Ohio and who made an offer on a foreclosure on the beach (listed $150,000 below market value). I can send you condos via email for your perusal. Please let me know if you would like that.
My name is Manon Mohammady and I am a Broker Associate with Coldwell Banker in Miami. Please visit my website at http://www.ManonMohammady.com to learn more about me and the way I conduct business. Thank you.

Your real estate resource,
0 votes Thank Flag Link Thu Apr 30, 2009
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