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Market Conditions in Miami Gardens : Real Estate Advice

  • All138
  • Local Info4
  • Home Buying43
  • Home Selling0
  • Market Conditions6

Activity 6
Thu May 8, 2014
Irina Karan answered:
Hello Neida,

This house is sold at an auction.
So, you give your highest price, then somebody else gives another price, and no one
knows until the end who is the winner. Often, buyers overpay for houses when they buy them at the auction.

This particular auction has additional (on top of the winning bid) 5% that is called "buyer's premium".
This is to the person who is doing the auction.

For example,

You decide to pay 110K.
You win.
The price you pay to the auction house is $115,500 (5% more than your bid).
Additionally, you'll pay for regular closing costs, which should be no more than 2.5-3K at this price point, if you buy cash.

Let me know if I can help you to buy this or another house.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
... more
0 votes 2 answers Share Flag
Wed Oct 16, 2013
Monika Kattana answered:
17011 NW 47th Ct, Miami Gardens, FL 33055 is currently for sale For $180,000. Please let me know if I can help you with anything else.
0 votes 1 answer Share Flag
Sat Sep 28, 2013
Jenny May answered:
What is your question?

Jenny Arias May
Metro1 Properties
0 votes 1 answer Share Flag
Thu Sep 19, 2013
Melinda Stanley asked:
This question was asked from
0 votes 0 Answers Share Flag
Sun Aug 25, 2013
Antonio Vega-Pacheco answered:
They are bad for the buyer, don't get in one.
1 vote 3 answers Share Flag
Fri Feb 15, 2013
Young Fellas Carpet answered:
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