Home Buying in North Shores>Question Details

Antoinette, Home Buyer in North Shores, Miami...

which floor is the apartment? is there a lift? If money payed cash how much discount we get?

Asked by Antoinette, North Shores, Miami Beach, FL Fri Jul 2, 2010

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Wenceslao Fernandez Jr’s answer
Hey, Antoinette...great question.

Ever heard "cash is king"? Well...these days it doesn't guarantee you the property, but it lets you play.

Regardless of the type of seller (regular, non-distressed seller or a distressed seller in pre-foreclosure or lender looking to sell their repossessed inventory), cash is very likely to be favored over financing these days.

Though not really a problem with single family houses, condominiums are under such financial duress these days due to shortages created by so many owners not making their maintenance and/or assessment payments that often, cash is the only way to buy.

Where financing is possible, you are not as likely to see low down-payment purchases possible in condos any more. There are one or two lenders though doing 3% down loans (non-FHA), but again, not in every building. Single (and multi), family property continue to be relatively easy to finance though.

Regarding a "lift", these may be easier to find in newer, hi-rise buildings. Older, two or three story buildings may not have easy access if you require a lift. However, there are times when a first level unit may be easy to access without a lift...but these are not always easy to find.

Your question however, was quite partial (as though only part of the question came through), and requires more detail for a better answer.

Just the same, working with the right professional will obviously increase the odds you will be successful in finding the unit you want and need, in the area you want and for the right price (perhaps even a great bargain).

All the best...
Web Reference: http://BuyMiamiBeach.Info
0 votes Thank Flag Link Tue Jul 27, 2010
I can provide you with sales comparables for all properties for sale in Miami Beach which should give you an idea of what if can be purchased for - along with information regarding the seller and what they still owe on the property if they have a mortgage. The amount of discount that can achieved is variable on financial condiditons of the seller and the condo - call me at 305-878-1709 to let me know the property address and we can find out details on this for you.


Jayson Wingfield
Zilbert Realty Group
Ph 305-878-1709
605 Lincoln Rd, Suite 230
Miami Beach, FL 33139
Web Reference: http://www.jrwingfield.com
0 votes Thank Flag Link Wed Jul 21, 2010
ASk your agent, is part of their job!!

Good Luck

0 votes Thank Flag Link Fri Jul 2, 2010
Since no link is visible and no address given, you may wish to ask your question again--or ask your agent--as for cash discount--keep in mind that sellers are looking for the best deal, therefore in the end, it probably may not make much of a difference as to cash or a loan--the better deal usually wins out.
0 votes Thank Flag Link Fri Jul 2, 2010
That is a good question! I'd like to know too....

What floor would you like it to be on?

Cash or financed the price is about the same. Most real buyers do not or can not get mortgages for several reasons.

Mott 786.229.7999
0 votes Thank Flag Link Fri Jul 2, 2010
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