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Home Buying in Miami : Real Estate Advice

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Activity 1,215
Fri Oct 30, 2015
Yanoska Diaz answered:
Home buying in South Florida is just like anywhere in the Country. You must get pre-qualified by a mortgage broker/loan officer to find out how much house you can afford. Once a purchase price is determined you should contact a buyer's agent in Miami to advise locations as we have a very wide range of home prices. You will probably like to research and visit the locations provided. Once you establish a neighborhood of choice, your agent will offer you a list of properties available for sale and arrange showings. ... more
0 votes 2 answers Share Flag
Fri Oct 30, 2015
Maria D'amato answered:
I have a house for sale in El Yunque. I can send you pics if you are interested in this area.
EL Yunque is the rainforest area and the house has 360 degree views to the rainforest.
My email address is: mariatdamato@yahoo.com ... more
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Thu Oct 29, 2015
Stephanie Agledor answered:
Hello Nita,

Were you able able to purchase a house? If not contact me at 513-900-1255

Stephanie
0 votes 6 answers Share Flag
Fri Oct 23, 2015
Jeremy9567 answered:
If your son needs help, his best bet is to work with a real estate agent who can lead him through the process. If you would like, I am part of a real estate company that can set your son up with a top agent in the area he is looking, there is no cost to him for our service. Go to my website www.ParkPlaceConnects.com/jsmith for more details. Let me know if you have any questions. ... more
0 votes 2 answers Share Flag
Wed Oct 21, 2015
Jeremy9567 answered:
Your first step is to talk with a lender to see if you qualify. https://www.fbchomeloans.com/
0 votes 2 answers Share Flag
Sat Oct 17, 2015
Yanoska Diaz answered:
Nowhere in the question you mentioned if you were working with a real estate agent or not, so I am going to assume you were not...

I don't know what caused you to request release and cancellation and therefore don't have an opinion on which party should be entitle to the escrow deposit...

I have no idea what the terms of the contract were or which forms you used...regardless, on a typical real estate transaction the seller can only place property back in the market pending release.

Time to call Mr Attorney.
... more
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Sat Oct 17, 2015
Yanoska Diaz answered:
It is a great time to sell and a great time to buy in Miami, FL!

It is a great time to buy while interest rates are still below 5% for FHA and conventional buyers. Our rental market is in such high demand that rentals are record high. If you have the ability to purchase a property today, why would you rent when your mortgage monthly payment (including taxes & insurance) can potentially be 20% lower than your rent?

With the above paragraph understood; sellers, its a great time to sell!
... more
0 votes 12 answers Share Flag
Sat Oct 17, 2015
Yanoska Diaz answered:
Your purchase contract can be contingent to a number of things and all of them should be specified within the contract or on the additional terms of the contract. Each contingency should have an expiration date, all of which expire prior to the closing date or on the closing date. It is of extreme importance that both agent and buyer keep up with the timelines of such contingencies. If contingency cannot be met by the date specified your agent should immediately request an extension of the contingency and if no extension is granted request release and cancellation. ... more
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Sat Oct 17, 2015
Yanoska Diaz answered:
Escrow disputes have their process and your agent should be able to explain (I hope you were being represented by a Buyer's agent otherwise refer to contract). The title company cannot release escrow unless release and cancellation is signed by all parties. If escrow cannot be mediated between the brokerage companies you will need to hire an attorney. ... more
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Sat Oct 17, 2015
Yanoska Diaz answered:
I don't know if I am understanding your question clearly. You are not a US resident, you want to purchase a property in US, you have your funds in a financial institution somewhere other than US, correct? At the time of closing you make a wire transfer to the escrow company handling your purchase here in US. I don't remember in the many foreigners purchases I have completed the escrow company requesting proof of how/where you got your money. As far as I am concerned once you acquire a property in US your worries are paying property taxes every year and stamps and taxes on your gain at the time of closing. However, if you have concerns as I see you do, I strongly suggest you seek the advice of both an attorney and a CPA before you make your move. ... more
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Thu Oct 15, 2015
Irina Karan answered:
These are two different communities: North Bay Village is closer to South Beach and Biscayne Corridor/Downtown/Wynwood/Edgewater. Aventura has great schools, has great infrastructure and a little slower pace. Proximity to the beach: Parc Central is closer.

The overall design is newer in Parc Central, and the Grandview Palace has no gym.

Hope this helps,

Irina Karan
IrinaKaran@gmail.com
305-904-2355.
Beachfront Realty, Inc
... more
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Sat Oct 10, 2015
Jacquie Yekmalian answered:
Hi Sonia,

Im happy to help you with your home search in Delray Beach, Florida. I have sold many properties in Delray Beach, Florida from condos to villas to single family homes.

As far as your 355 tax code question, I suggest talking to your accountant about this. Your accountant will be better able to tell you how to apply it to your situation.

Good Luck
Jacquie Yekmalian
Real Estate Broker
Blue to Green Realty...from the sea to the 18th tee
isellflahomes@gmail.com
www.isellflahomes.com
... more
0 votes 1 answer Share Flag
Thu Sep 24, 2015
Susie Kay answered:
Tue Sep 8, 2015
Delgado2833 asked:
maintenance f Is it true home insurance is mandatory by law in Florida if you are the owner?
0 votes 0 Answers Share Flag
Sat Sep 5, 2015
Yanoska Diaz answered:
The price of a property is typically in line with its HOA fees. Your mortgage can only be $900 if you give an extraordinary huge down-payment on a high priced property.

You can also be looking at a condo-hotel, where maintenance includes all utilities and hotel services, $1,500 sure sounds like a lot for a regular condo, an average priced condo that is, the one you will have a $900 mortgage. ... more
0 votes 1 answer Share Flag
Sat Sep 5, 2015
Yanoska Diaz answered:
It is inappropriate for an agent to discuss the safety and certain demographics of a neighborhood, you can easily check that information on line or through the corresponding offices such as local police department.

$480K in Miami goes a long way for a 2/2 condo, the problem may be securing financing. Due to market collapse, we still have a good number of foreclosures and vacancies and condo association are still facing negative numbers.
... more
0 votes 1 answer Share Flag
Tue Sep 1, 2015
Eric answered:
UPDATE: Fannie Mae reduced the price of our home to the appraised price which was $30,000 less than contract price and $15,000 less than asking price!

Conclusion: Fannie Mae CAN reduce a price of a home.

Comment: To future home buyers: Don't lose hope! God works in miracles!
... more
2 votes 8 answers Share Flag
Tue Aug 25, 2015
Pete answered:
Most every lender offers FHA Loans. Check out your local bank, or a site like The Lenders Network.
1 vote 10 answers Share Flag
Fri Aug 21, 2015
Interealty Exchange answered:
Recently, I brought a 2 bedroom, 2 bathroom home in South Miami, which cost me around $364,900. It was not that easy to find from my own but after from one of my friends suggestion, I took the help of Interealty Exchange company which really helped me to buy the best home under my budget. So you can also visit them as there are numerous number of listing which can really help you to choose the best for yourself. ... more
0 votes 3 answers Share Flag
Thu Aug 20, 2015
Yanoska Diaz answered:
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