Buying a home cash in Miami-Dade

Asked by Mrs. Armenteros, Hialeah, FL Mon Aug 15, 2011

I have been turned down by almost everyone on getting a mortgage loan since my student loans are deferred until August 2012 (which is less than a year from today). I dont even know why on my credit it says that because I will still continue to go to school 1 year more after tha. In conclusion I have $60k saved...which I would think is enough come I cant seem to find a property for that price? I look online on a daily basis and nothing...grrr im so frustrated my dreams of purchasing my first home are slowly but surely disappearing. Any advice?

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Joao Mercado, , Miami, FL
Wed Feb 13, 2013
Hello, I just had a quick closing on a home in Homestead that was for $80k cash. I'm sure we could find a property for you. If you're not working with a realtor it would be my pleasure to help you with your Real Estate needs.
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gundyxxx, Home Buyer, Miami, FL
Mon Feb 4, 2013
My wife and I looking to buy a house cash, in a homestead areas, we can go between $50,000. to 150,000, wthat can we do?. My phone 305-517-3541, 786- 298-4666.

Att. Carlos Jimenez
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Please contact me via my profile so that you can describe exactly what you are looking for in a home. Zip codes will help too. Thank you.
Flag Mon Feb 4, 2013
Matt Sanchez, Agent, Miami, FL
Tue Aug 23, 2011
Mrs. Armenteros

I am your local Realtor in Miami and I do have access to inventory not yet available on the market. If you need any assistance with your home search, feel free to contact me directly at 305-298-0349. Always remember that my services are free for you.

I look forward to getting to know more about you and your requirements.

Best regards,
Matt Sanchez
Broker Associate
Licensed in Florida
Cell: (305) 298-0349
Fax: (800) 898-5970
Search thousands of homes. Go to:
"Earning your Trust, then your Business."
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Bill Eckler, Agent, Venice, FL
Mon Aug 15, 2011

You are correct....In today's market you should be able to find a starter home in your market for the $60,000 you have saved.

Are you working with a real estate professional? Focusing on distressed sales that have been on the market for an extended period of time may create opportunities that have not yet presented themselves. Lenders are often more receptive to negotiating their asking price for these properties compared to more current listings.

Becoming discouraged is common, giving up is unacceptable. Dig in and keep looking!

It will happen.

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Scott Godzyk, Agent, Manchester, NH
Mon Aug 15, 2011
Most of the good homes are sold before they hit mls. The 2 best ways are to eother hire a buyer broker who can get the new listings instantly from mls or work with teh leading listing agents of reo homes in your area, in most cases they have th elitsings a good 30 days before they are on mls. They need to have them cleaned, appraised and then they go on the market, during this 30 days you can look, get their opinion of what they are worth and have your offer ready as soon as the bank sets a price.…

Please see my blog for a full list of tips on buying bank owned homes
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