We're looking for an apartment in a condo to buy for future renting (vacation rental). The maximun price

Stefania
Home Buyer
Outside U.S.

would be 100.000.
I'd also like to understand how a foreclosure works: if a property is listed at 45000, what would the final price be?
Thanks.

Answers (3)
Pier Paolo Visc...
Agent
33139

Stefania,
to better understand the foreclosure and short sale process you can log on our website completely in italian, with more than 1,000 options of distressed properties,

send me an email and i will forward the link...

look forward to hear from you

Mon Jun 15 2009, 06:12
Pier Paolo Visc...
Agent
33139

hi Stefania,
are you italian? let me intruduce myself , my name is Paolo Visconti, and i'm an agent sp[ecialized in Miami Beach area (and also property management in the same area). i represent the first full service italian real estate company in Miami and i will be more than glad to work with you.
you can contact me anytime, and it will be my pleasure to follow you in each step of the process, before and after the sell.

viscontimiami@gmail.com

Mon Jun 15 2009, 06:07
Beth Jenkins
Agent
Miami Beach, FL
FIRST ANSWER

Hi Sefania,
To answer the foreclsure question, the lised price tends to be about right if the persn doing the short sale has had contact with their bank and has an idea of what they want to net on the property. A short sale is the first step in the foreclosure process -- when the owner still has the property and the bank may let them sell it for less than they owe.
Once the bank takes the property they price it for what they want to get, and the good properies usually get multiple offers immediatly. If it is a less desirable property the bank may lower the price every few months until it sells or goes to auction.

If something is listed at 450,000, it is probably in nicer building that has several propeties tat have ecently old t or around that pirce. I would have to know the exact poperty to evaluate that.

The 100,00 price range in a vacation renal area is a very low price, possible a small studio in a low rise building. In south beach their are many buildings that are that style,s that may be the best option for you.

My company web-site below may be a good place to look, there is south beach section.

If I can be of further assistance feel free to contact me directly,

Beth Jenkins
South Florida Brokers
786-374-4778 (direct)

Mon Jun 15 2009, 06:02

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